Gitcoin is restructuring to focus on grants for the Ethereum ecosystem

Gitcoin, an open-source software funding platform, has announced it will shift focus away from public goods funding and towards enhancing grants infrastructure designed for the Ethereum ecosystem.

Since its launch in May 2021, Gitcoin’s organizational hierarchy has been relatively flat, with no CEO calling the shots. Workstreams, or focused groups dedicated to specific tasks or projects within the organization, have always required budgets to be approved through community voting — an often time consuming process.

As the DAO has evolved, however, it morphed from an impact-focused organization to something more technology-centric. Gitcoin executive director Kyle Weiss told Blockworks…

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Bitcoin Halving: A Deflationary Move Strengthening the Value of Cryptocurrency

The landscape of digital currency is set for a seismic shift come April 2024. Bitcoin, the pioneer of cryptocurrencies, is slated for a ‘halving’ event that will significantly reduce the rate at which new bitcoins are created. This halving slashes the reward for mining new blocks from 6.25 to 3.125 bitcoins every ten minutes, leading to a dramatic decrease in the daily production from 900 to just 450 bitcoins.

This built-in scarcity mimics the natural resources of our planet, such as gold, which increase in value as they become rarer. With the annual issuance rate halving from 328,500 to 164,250 bitcoins, the digital currency is poised to become more scarce, and history has shown us that scarcity can lead to an increase in value.

Unlike traditional currencies that can devalue through inflation, Bitcoin’s design includes this deflationary mechanism to potentially enhance its value over time. As the halving approaches, it reinforces Bitcoin’s position not just as a currency but as a potential investment, attracting those looking for assets that stand the test of time in the face of inflationary pressures.

Disclaimer: Market capitalizations and data 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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Ryan Koopmans – An Interview Regarding "The Origin" Inscription Artwork

In the evolving landscape of contemporary art, few artists capture the essence of change and permanence as powerfully as Ryan Koopmans and Alice Wexell. Their artwork bridges the gap between the natural world and urban decay. They delve into the heart of abandoned places and transform them into digital masterpieces that question the boundaries between reality and digital artificiality. Together they explore the concept of legacy and preservation in the digital age by inscribing their work into the immutable ledger of Bitcoin. Their latest work, ‘The Origin’, is a demonstration of their innovative approach to digital art. It combines photography, digital manipulation and Bitcoin ordinal…

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Genesis GBTC Shares In Gemini Earn

In a recent development, Genesis, a bankrupt digital asset lending firm, has formally petitioned a United States Bankruptcy Court for an approval to sell its assets, including more than 30 million Grayscale Bitcoin Trust (GBTC) shares currently held in Gemini Earn program.

Source

This move comes as the exchange aims to expedite its exit from bankruptcy and ensure a faster repayment process for creditors.

GBTC, recently transformed into a spot Bitcoin Exchange-Traded Fund (ETF) following SEC approval, holds around 3.2% of the total circulating Bitcoin. Notably, GBTC shares constitute a significant portion of Genesis’ assets, comprising around 87% of the company’s total shares across…

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El Salvador Elections | Nayib Bukele Wins Re-Election

Over the past few years, El Salvador has emerged as a groundbreaking player in the world of Bitcoin, experiencing significant regulatory and infrastructural shifts.

Salvadorans began voting this Sunday in the El Salvador elections to determine the country’s next president. This event has captured global attention, with the outcome holding potential ramifications for the digital asset landscape, particularly Bitcoin. Nayib Bukele, the incumbent president, sought re-election amid a backdrop of significant political and economic developments, influencing the nation’s stance on Bitcoin.

Winning the Election

With overwhelming support from voters, El Salvador former President Nayib Bukele has…

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Vanguard Bitcoin ETF Refusal | Why It’s A Mistake

Vanguard is under fire for its refusal to offer clients the option to invest in spot Bitcoin ETFs, a move that not only alienates forward-thinking investors but also threatens the firm’s longevity in a rapidly changing financial ecosystem.

Vanguard Bitcoin ETF blocking is a resistance to embracing a pivotal innovation in investment. It contradicts the core principles of economic efficiency and market evolution. By turning a cold shoulder to the groundbreaking potential of Bitcoin ETFs, Vanguard isn’t just snubbing the zeitgeist of economic evolution; it’s practically penning its own decline.

As the financial landscape undergoes a seismic shift away from the once-sacred 60/40…

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Check Out the Top Crypto Gainers of the Day

$1M – $10M MarketCap:

  1. SOHOTRN (SOHOT): 108%
  2. Chirpley (CHRP): 12%
  3. MMSS (Ordinals) (MMSS): 11%
  4. WHALE (WHALE): 11%
  5. Matr1x Fire (FIRE): 6.7%

$10M – $100M MarketCap:

  1. Arcblock (ABT): 51%
  2. Troll (TROLL): 45%
  3. Myro ($MYRO): 30%
  4. Quiztok (QTCON): 19%
  5. Restake Finance (RSTK): 13%

$100M – $1B MarketCap:

  1. Marlin (POND): 25%
  2. Songbird (SGB): 17%
  3. Numeraire (NMR): 14%
  4. Cortex (CTXC): 12%
  5. Pendle (PENDLE): 11%

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: Bitcoin-Backed Nayib Bukele Wins Re-Election in El Salvador

El Salvador has decisively re-elected President Nayib Bukele, a staunch Bitcoin advocate, marking a significant moment for the cryptocurrency world. Garnering over 85% of the vote and securing a dominant presence in the Assembly with at least 58 of 60 deputies, Bukele’s victory underscores the nation’s support for his progressive crypto policies. Under his leadership, El Salvador became the pioneering country to adopt Bitcoin as legal tender in 2021, introducing the Chivo wallet to boost its usage and investing in the digital currency. Despite international scrutiny, notably from the IMF, Bukele’s bold move has not only been celebrated by Bitcoin enthusiasts but has also positioned El Salvador as a trailblazer in embracing the future of finance. This electoral triumph reaffirms the country’s commitment to Bukele’s vision of integrating cryptocurrency into its economy.

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Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Bitcoin: Market Cap of $762 Billion.
  2. Solana: Market Cap of $42.6 Billion.
  3. Chainlink: Market Cap of $10.6 Billion.

MIDCAP COINS:

  1. Jupiter: Market Cap of $762 Million.
  2. ZetaChain: Market Cap of $325 Billion.
  3. Manta Network: Market Cap of $690 Million.

RISING COINS:

  1. Banana Gun: Market Cap of $38.7 Million.
  2. SatoshiVM: Market Cap of $19.8 Million.
  3. PondCoin: Market Cap of $87.5 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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Bitcoin’s Unstoppable Revolution

In the realm of finance, Bitcoin is not merely another asset; it is a dynamic force redefining the very concept of money. Despite concerns about its price volatility, Bitcoin offers a host of advantages that warrant attention.

First and foremost, Bitcoin promotes financial inclusivity on a global scale. It provides a decentralized alternative to traditional banking, allowing individuals to take control of their finances independent of intermediaries. Its remarkable growth has made it an enticing investment prospect, attracting both seasoned investors and newcomers alike.

Furthermore, Bitcoin serves as a hedge against the devaluation of fiat currencies caused by inflation. Its blockchain technology ensures unparalleled security and transparency, reducing the risk of fraudulent activities.

In summary, Bitcoin is catalyzing a transformative shift in the financial landscape. Embracing it is not just an investment decision but an endorsement of a more inclusive, secure, and forward-thinking financial future for all.

Disclaimer: Market capitalizations and data 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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