Nervos introduced its own standard for creating tokens

Nervos introduced its own standard for creating tokens

The Chinese project Nervos has introduced its own standard for creating tokens – Simple User Defined Token (SUDT) – as an alternative to the ERC-20 standard. Nervos Director of Product Development Cipher Wang said that the new standard was created in honor of the anniversary of the launch of the Lina mainnet, and now developers can create new cryptocurrencies based on the Nervos blockchain. SUDT is designed to compete with the ERC-20 standard, especially in…

Anchorage has applied to the OCC for a federal banking license

Anchorage has applied to the OCC for a federal banking license

Cryptocurrency company Anchorage has applied for a federal banking license with the Office of the Comptroller of the Currency (OCC) to become a qualified custodian. According to a notice posted on the federal regulator’s website, Anchorage’s South Dakota division has filed an application with the OCC for a federal banking license. This year, Kraken cryptocurrency exchange became the first company in the industry to receive a similar license to open its own bank, but only…