Bitcoin: A New Hope for Innovators in Corrupt Economies

In a world where “talent is everywhere, opportunity is not,” the existing fiat monetary system perpetuates the divide between those with access and resources those without. Even in democratic societies, which have their own flaws, people generally enjoy stable currencies, freedom, and rule of law. These features create an environment rich with opportunities, where a person’s start in life doesn’t have to dictate where they end up.

Bitcoin advocate and bestselling author Lyn Alden is a prime example of overcoming obstacles and taking advantage of the opportunities afforded by democratic societies. Despite experiencing homelessness for several years, she worked her way up to become a…

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Pepe: Market Cap of $6.6 Billion.
  2. Shiba Inu: Market Cap of $16.1 Billion.
  3. FLOKI: Market Cap of $2.6 Billion.

MIDCAP COINS:

  1. Ethena: Market Cap of $1.2 Billion.
  2. Panda Swap: Market Cap of $5.9 Million.
  3. Notcoin: Market Cap of $980 Million.

RISING COINS:

  1. Super Trump: Market Cap of $33.8 Million.
  2. MAGA: Market Cap of $622 Million.
  3. Mog Coin: Market Cap of $591 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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LATEST: PayPal USD Stablecoin Launched on Solana Blockchain

PayPal has rolled out its stablecoin, PayPal USD (PYUSD), on the Solana blockchain to increase speed, cut costs, and give users unprecedented flexibility across multiple blockchains. Solana’s ability to support very high levels of transaction volumes in a fast and cost-effective way makes it an ideal platform for PYUSD that is also particularly well suited for payment and commerce use cases. The rollout is a reflection of the convergence of the growing role of PayPal in digital commerce as it is trying to make financial transactions a lot more modern.

According to Jose Fernandez da Ponte of PayPal, PYUSD is designed to transform digital commerce for faster, easier, and cheaper transactions. Sheraz Shere of Solana Foundation further states that Solana has its unique advantage for the new scalable payment solutions that ensure accessibility and instantaneity.

PYUSD will be presented as a unified balance to PayPal and Venmo users, so cross-platform usability just got a little simpler. Most importantly, PYUSD will also be available via Crypto.com, Star Atlas, Phantom, and Paxos, with Paxos Trust Company also serving as issuer and custodian. The move is certainly a nod toward PayPal’s continued efforts to stay within the realms of regulatory compliance, whilst also testing the edges of financial innovation.

Source

Still a no: Vanguard shoots down prospect of platforming ETH ETFs

Anyone paying attention to the launch of spot bitcoin ETFs probably knows how Vanguard feels about such products.

If you thought the financial services giant might view ether differently — or evolve their stance — you can keep thinking.

“While we continuously evaluate our brokerage [offering] and evaluate new product entries to the market, spot ether ETFs will not be available for purchase on the Vanguard platform,” a company spokesperson told Blockworks. 

The clarity comes after the Securities and Exchange Commission last week approved 19b-4 proposals by exchanges looking to list spot ETH funds. The regulator still has to sign off on registration statements from the fund…

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Gemini to distribute $2.18B in crypto back to Earn users

Gemini Earn users will receive $2.18 billion in digital assets through distributions, Gemini said Tuesday.

The multi-billion dollar figure is based on the current crypto prices because distributions will be in-kind (meaning that they won’t be converted to fiat). Gemini noted in its press release that it’s “$1 billion more than when Genesis halted withdrawals in November 2022.” 

Back in November 2022, the crypto — from around 232,000 users — was worth $940 million. 

The figure is also higher than previously thought. Back in February, the New York Department of Financial Services announced a settlement with Gemini. The regulator stated that the firm would return “at least…

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JUST IN: BlackRock’s Bitcoin ETF $IBIT Becomes Fastest ETF to Reach $20 Billion in Assets

BlackRock Bitcoin ETF, with symbol $IBIT, has clinched the competition of the fastest ETF in terms of garnering $20 billion in assets in a mere 137 days’ span, breaking the previous record of $JEPI, which garnered the same amount of money in 985 days. This history-making movement of $IBIT defines the bullishness of the investors for Bitcoin more than any other asset class.

Fold Will Be Your Bitcoin Bank With CEO Will Reeves

Founders: Will Reeves and Matt Luongo

Date Founded: 2014; Most recent iteration of company: 2019

Location of Headquarters: Remote

Amount of Bitcoin Held in Treasury: “Stacking since the founding of Fold”

Number of Employees: 22

Website: https://foldapp.com/

Public or Private? Private

Will Reeves wants Fold to be your bitcoin bank.

This may sound counterintuitive to hardcore Bitcoiners who believe that Bitcoin was created to replace banks, but Reeves, co-founder and CEO of Fold, an app that allows Bitcoin enthusiasts to earn bitcoin rewards on everyday purchases as well as DCA into bitcoin, sees things more pragmatically.

He believes that Fold will be the ultimate app to connect Bitcoin to not…

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Don’t fossilize Bitcoin – Blockworks

Just recently, Bitcoin underwent its most recent halving event. As usual, this meant a 50% reduction in block subsidy rewards for all miners. 

Halving events are generally seen as bullish for bitcoin’s market price; however, the immediate effect is a drop in revenue for those mining bitcoin. 

That’s not all that’s different with Bitcoin, though. New protocols are changing the way users engage with the network, pushing up fees and, in many ways, offsetting the losses that come with a halving. Unfortunately, this is also causing issues with blockspace and network congestion. 

Many Bitcoiners argue against bringing Ordinals, Runes and other meta-protocols to Bitcoin because they…

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