Binance, the world’s leading crypto exchange, is adding support for a new layer-1 crypto project called Saga (SAGA) through its Launchpool platform. What is Saga? Saga is a web3 platform designed to empower developers to create interoperable, application-specific chains called “Chainlets.” This enables developers to launch dedicated blockchains as easily as deploying smart contracts. Binance…
Wealth Transfer An estimated $90 trillion is being transferred as baby boomers pass on assets to their children. Debt Transfer Simultaneously, a significant amount of debt is also being transferred. A survey by Policygenius reveals that: 46% of Americans expect to leave debt behind when they die. 58% of those earning over $150,000 per year…
El Salvador has awarded the first “Bitcoin Diplomas” to students who completed the nation’s innovative Bitcoin education program. Program Highlights The 10-week program covered: History of Bitcoin and its creator, Satoshi Concept and history of money Fiat currency and its control Bitcoin’s solutions to fiat currency issues Bitcoin usage, Lightning Network, and blockchain technology El…
Growing Popularity of Bitcoin ETFs Bitcoin (BTC) is gaining traction among asset managers and traditional financial institutions, leading to the success of Bitcoin ETF products. BlackRock, Grayscale, and Fidelity have all launched successful ETFs, attracting significant investment. BlackRock’s ETF Expands Authorized Participants BlackRock’s iShares Bitcoin Trust (IBIT) ETF has added five new authorized participants (APs):…
PayPal has launched a new service that allows US users to fund international money transfers using its stablecoin, PayPalUSD (PYUSD). How it Works Xoom, PayPal’s remittance provider, now allows users to convert PYUSD in their PayPal account to US dollars and use it to send money to over 160 countries. When using this option, Xoom…
Ethereum’s Weaknesses Renowned trader Peter Brandt has criticized Ethereum (ETH), calling it a “junk coin.” He argues that ETH lacks the qualities needed for long-term success, such as: Store of value: ETH is not a reliable store of value like Bitcoin. Functionality: ETH struggles with high gas fees and limited layer-2 solutions. Brandt supports his…
Cardano Treasury on the Rise Cardano’s Treasury is growing rapidly, holding over 1.48 billion ADA, worth around $843 million. This war chest is designed to fund ongoing development. Development Boost The Treasury receives a fixed amount of ADA from each block of transactions confirmed (epoch). It also reserves a portion of transaction fees. As Cardano…
What is the MVRV Ratio? The MVRV ratio compares an asset’s market value to its historical investment costs. A negative ratio indicates that many holders are currently losing money. Dogecoin’s MVRV Ratio Turns Negative Dogecoin’s MVRV ratio recently fell below zero, suggesting that many holders are at a loss. This could be a sign of…
A new pilot program in Evanston, Illinois, will provide $500 monthly checks to 140 families living below the poverty line for a year. Eligibility Criteria To qualify, families must: Have children 5 years old or younger Have incomes at or below 1.84 times the federal poverty line ($31,200) Program Focus The program targets families in…
Analyst’s Prediction DonAlt, a popular analyst who accurately predicted Bitcoin’s 2022 low, believes the current bull cycle could reach a peak of $100,000. He predicts a potential surge of over 45% from current levels. Scenario 1: Correction to $50,000 DonAlt suggests that Bitcoin may experience a correction to $50,000 before reaching new highs. If this…
