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Token Waves School Approaches Blockchain Technology with Its Free Course in 20 Languages

Education and blockchain – two worlds that seem as though they have nothing in common, are being brought together in the form of Waves School, built on the Waves blockchain. Waves School is tackling the high barriers of entry into higher education as well as into the crypto world, through the launch of their one of a kind training academy.

Worldwide statistics show that out of the global population that has access to the internet, only 3% of people own some sort of cryptocurrency, whereas 1% can be considered as knowledgeable experts in the field. Although the acceptance and adoption of cryptocurrencies and the technologies that surround it has increased greatly over the past years – the paradigm shift into the world of decentralization is still extremely low due to the high barriers of entry, as is similar in the world of education. Worldwide, tertiary tuition fees can cost anywhere from $1,000 upwards, which is far from affordable for many prospective students across the globe.

Looking at these two major industries and their own set of issues – Waves School aims to break down the barriers to entry through the integrations of these two worlds. Known as “the people’s blockchain”, Waves is offering free training to their students across the globe, promoting the mass adoption of cryptocurrencies – staying true to their motto, “learn to earn”. Through the democratrization of crypto training, Waves School is looking to minimize the economic gap, allowing many more individuals to deep dive into the world of cryptocurrency without needing start-up capital.

Anybody that has an internet connection is able to join the academy, which is taught in a whopping twenty different languages, including Hindi, Spanish, Catalan, Arabic, Swahili, German, English, Dutch, Italian, French, Zulu, Portuguese, Chinese, Russian, Ukrainian, Turkish, Albanian, Greek, Vietnamese, Japanese, Polish, Thai, and Tagalog. Bringing these different nationalities together will give individuals of all cultures and social status the ability to trade in a responsible and informed manner, within one big community.

The Waves School training course is carefully evaluated by experts in the field, avoiding the mass misinformation that has been spread online by unreliable, false crypto gurus who promise massive fortunes in record timing. At Waves School, no prior knowledge in cryptocurrency or even finance is required, as their course starts at the history of money and how economies work, building up to the basics of cryptocurrency, NFTs, and more. Through this training course, students of Waves School will be able to enter the crypto market based on knowledge gained – allowing them to make independent and informed decisions when trading cryptocurrencies.

Waves School is truly taking the next step in democratizing the world of crypto education. By breaking down the barriers of entry into the industry. With their course being available in over twenty different languages, there is no doubt that this revolutionary training program will bring together people from different backgrounds and cultures, building the largest crypto community to date.

 

 

 

Bitcoin In Demand: Investors Haven’t Stopped Buying BTC Despite Crypto Market Doubt

The latest Bitcoin dilemma, which began on September 13 when the US Federal Reserve announced the CPI report, has left retail investors in a disadvantaged position.

The recent announcement that the Fed interest rate has been raised by 75 basis points has also impacted the market. Instability in the broader financial environment reverberated through the cryptocurrency market.

The news caused BTC to drop below the critical $20,000 mark. Despite the fact that regular investors are trying to get out of Bitcoin due to fear, fresh analysis shows that major institutions are still investing heavily in Bitcoin.

As of this writing, BTC is trading at $20,215, up 5.6 percent in the last seven days, data from Coingecko show.

Bitcoin – An Excellent Choice For The Future

New York Digital Investment Group (NYDIG) recently disclosed in a filing with the SEC that it had raised approximately $720 million to invest in Bitcoin. The fund attracted 59 investors, per the SEC.

Although the names of the investors were not disclosed, we might conclude that the limited number of investors and the total amount raised are affluent people or huge corporations looking to diversify their holdings.

Image: CNBC

The NYDIG team has faced similar challenges before. With a market cap of $7 billion, NYDIG is valued at an all-time high after earning over $1 billion in revenue just last year. WestCap spearheaded the funding round that propelled NYDIG to success the previous year.

Numerous financial market titans like Morgan Stanley and Mass Mutual participated in the investment round.

This indicates a growing institutional interest in cryptocurrencies, particularly Bitcoin.

How Does This Affect Bitcoin?

As of this writing, BTC has surpassed the psychological support level of $20,000. This may be the result of recent advances in Bitcoin’s institutional investment sector.

Although it will take a considerable amount of time before a large rebound will wipe out the losses from September 13, the price will undoubtedly rise.

However, Bitcoin investors and traders should not be overly hopeful. We may anticipate that NYDIG would purchase the crypto in batches, which will aid bulls in the long run.

Indicators also point to short-term gains, with the fear and greed index being optimistic.

This is a positive indicator, but it sends sell signals to those who wish to liquidate their holdings. If Bitcoin can consolidate at the 61.80 Fibonacci retracement level, this will serve as the next rally’s support.

The actual boost, however, comes from an increase in retail investor confidence, since most consumers will view the investment of financial giants in Bitcoin as a hint to invest in the cryptocurrency.

BTCUSD pair regaining some lost ground, trading at $20,225 on the daily chart | Source: TradingView.com

Featured image from Forbes, Chart: TradingView.com

Decentralized Web3 Protocol Golden Raises $40 Million Backed by A16z

Golden, a startup that seeks to build a decentralized data hub, has raised $40 million dollars in a Series B funding round. The round, which was led by a16z crypto, will allow the company to keep building its concept, which revolves around combining data submission and validation with Web3-based token incentives.

Golden Raises $40 Million to Build Decentralized Encyclopedia

Golden, a decentralized data hub company, has announced it has raised $40 million in its latest Series B funding round. The round, which was led by a16z crypto, had the participation of many big names in the VC industry including Opensea Ventures and leaders associated with Solana, Protocol Labs, Figma, and others.

The company, which seeks to pair Web3 with the construction of a solid and verifiable information hub, will use the funds to keep building on its business model, which revolves around providing reliable data to customers. This is because current data mining models have proven to be unreliable, according to Jude Gomila, CEO and founder of Golden.

Gomila believes the only way of constructing this global data repository is by creating incentives for users to contribute to the initiative. Golden provides a protocol that rewards users for the verification and submission of data and ostensibly has ways of punishing the introduction of fake data to the system. The protocol also has a means of giving increased rewards to users that submit the most used and requested data. In this way, the introduction of useful data is incentivized.

Business Model

The operation of the protocol includes public NFTs (non-fungible tokens) that have information about any concept included in the network (for example, Coinbase, Open Source Software, or Pancakeswap). Users can contribute by entering data into these structures and will be rewarded through these contributions, which will have to be validated.

The business model of the protocol is based on the sale of tokens to third parties that would want to use the validated data for different reasons. Given the volatility of the cryptocurrency market, these institutions will be able to acquire and burn said tokens for stable credits that allow them to store this right to data access in a safer fashion.

While the protocol is currently in testnet, it has reportedly managed to gather the attention of 35,000 users already using the app and participating in data submission and validation, and is expected to launch in mainnet in Q3 2023.

What do you think about Golden and its $40 million Series B funding round? Tell us in the comments section below.

KlimaDAO and Sushi leverage Chainlink for carbon offset on Polygon

KlimaDAO, a carbon market, blockchain scaling solution, and Sushi, the DEX and margin trading and lending app, launched the world’s first carbon offset integration in the Polygon ecosystem, Coin Journal learned from a press release

Users of the project can choose to compensate for a transaction’s carbon emissions for a nominal fee. The carbon credits offset will be equivalent to 0.02 MATIC per transaction.

Chainlink Automation will secure automatic offset 

The innovative project will use Chainlink Automation to make it possible to automate offsetting on-chain. Chainlink Automation nodes will route through the KlimaDAO retirement aggregator to bundle users’ opt-in transactions to enable one offset per 24 hours. 

The aggregator performs the offsets. Neither Sushi nor KlimaDAO is required to perform an additional activity to achieve the offset, making this on-chain climate solution fully automated. 

Sushi: a lightweight solution on Polygon 

While DEXs are among the most energy-intensive blockchain entities, given the high frequency of transactions facilitated by them, Polygon’s Sushi is a lightweight solution. 

The network runs on Proof of Stake, and, what’s more, Ethereum’s recent Merge additionally reduced network emissions by potentially as much as 99%. 

Reflecting a broader climate-friendly trend 

Previously, members of Sushi’s ecosystem voted to collaborate with KlimaDAO on developing a carbon-offsetting solution for the DEX. 

This project reflects a broader trend of Web3 projects tackling hazardous emissions and showing there are the tools and the motivation to mitigate blockchain technology’s climate impact.  

The partnership also demonstrates that it’s possible to integrate green fees into software and web applications, enabling users to scale climate finance.

The post KlimaDAO and Sushi leverage Chainlink for carbon offset on Polygon appeared first on CoinJournal.

Billionaire Hedge Fund Founder Ray Dalio Steps Down as Co-CIO of Bridgewater Associates

Billionaire hedge fund founder Ray Dalio has stepped down as chief executive of Bridgewater Associates, according to a transfer of voting rights on September 30. Bridgewater’s co-chief executive explained on Tuesday that “Ray no longer has the final word,” in regard to the hedge fund’s future.

Hedge Fund Giant and Bridgewater Associates Founder Ray Dalio Steps Down, Co-CEOs Mark Bertolini and Nir Bar Dea to Take Over Senior Management

On Tuesday, October 4, after founding Bridgewater Associates more than 40 years ago, Ray Dalio stepped down as co-CIO. Bloomberg’s Erik Schatzker first reported on the matter after the hedge fund founder relinquished all of his voting rights to the board of directors on September 30. After founding Bridgewater in 1975, Dalio was considered a mogul hedge fund titan and within the first ten years of business, Bridgewater got a $5 million investment from the World Bank.

Schatzker report cites Bridgewater’s co-chief executive, Nir Bar Dea, who told the reporter “Ray no longer has the final word.” Dalio also spoke about his resignation on Twitter and he told the public that today was a special day for him because he “transitioned my control of Bridgewater to the next generation.” Dalio added:

I feel great about the people and ‘machine’ now in control. This transition moment is the culmination of a 47-year journey.

Dalio is also well known for being a critic of bitcoin (BTC) and blockchain technology. The hedge fund titan has explained on many occasions that he believes governments would eventually outlaw cryptocurrencies.

“I think at the end of the day if it’s really successful, they will kill it, and they will try to kill it,” Dalio said two months before bitcoin (BTC) reached $69K per unit. “I think they will kill it because they have ways of killing it,” he added.

Last February, Dalio noted that he had a “tiny percentage” of crypto in his portfolio because he wanted to “diversify.” However, he further stressed: “It’ll be outlawed, probably by different governments.” As far as Bridgewater is concerned, Dalio explained that the hedge fund’s co-CEOs Mark Bertolini and Nir Bar Dea would be in charge of senior management.

“Hopefully until I die, I will continue to be a mentor, an investor, and board member at Bridgewater, because I and they love doing those things together,” Dalio concluded in his remarks on Tuesday.

What do you think about Ray Dalio stepping down as co-CIO of Bridgewater Associates? Let us know what you think about this subject in the comments section below.

Why It’s Important To Build Stablecoins On Bitcoin

Lightning Labs is building the ability to use stablecoins on the Lightning Network using the new Taro protocol due to demand in emerging markets.

This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Lightning Lab’s head of business development, Ryan Gentry, to talk about how the company is building the ability to use stablecoins on the Lightning Network with their new Taro protocol.

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Q: I want to talk about stablecoins with you and have this conversation of: Are they necessary within the Bitcoin ecosystem and why or why not?

Ryan Gentry: It’s a great question, and it’s one that really drove our decision to focus on Taro this year.

Rewind to Bitcoin 2021 when we got news of the El Salvador bitcoin legal tender law, we got Jack Maller’s amazing presentation. That kick-started this massive wave of emerging markets’ adoption of Lightning, Lightning apps and Lightning wallets everywhere from Brazil to Argentina to El Salvador, Nigeria, Ghana, South Africa, Vietnam, like all around the world.

I think the coolest part of my job is that I get to work with Bitcoin entrepreneurs and Bitcoin developers all around the world who are all trying to get Lightning adopted. In discussing with them all of last year as they were getting hit with tons of new signups, tons of new adoption, we were very excited.

As the year started coming to a close, we kept hearing this repeated thing from these entrepreneurs in emerging markets that was like, “OK, this has been the best year ever, huge adoption, numbers all up and to the right and I have now successfully acquired all the Bitcoiners, like in Chiang Mai, Vietnam.” Neutron Pay: “We got all the Bitcoiners. We have acquired all of ’em. They’re all using our app. It’s amazing. This is great. The next tier of users that we’re looking to acquire, they want the dollar.”

That was just something that we kept hearing from all around the world, from South America to Africa to Southeast Asia was that there’s this next group of users that we want to onboard into the Bitcoin ecosystem, but using bitcoin for everyday payments was a little too much and they really wanted to use the dollar.

Of course, being at Lightning Labs, by definition, you’re a Bitcoin Maximalist. I think everybody on the team is extremely bullish on bitcoin. We wouldn’t be building a payments protocol on top of Bitcoin if we weren’t bullish on bitcoin the asset. But we just kept hearing from these real people out in the world, trying to solve real problems and trying to grow adoption of their apps that they really need the dollar.

I think that that’s just one of those things where if we can provide the same Lightning experience, we can onboard more users to the Lightning Network, we can help out all of the startups that are pushing Bitcoin infrastructure and bringing users in and trying to educate users on why bitcoin is important, if we can give them this tool that allows them to reach the next 50,000 users, 100,000 users, million users, I think that’s an absolute win. I think that’s a huge, huge boom to the ecosystem and it’s just following user demand, which I think is really important.

One side benefit of this that I think is not discussed very much is because Taro is running on Bitcoin rails, because it requires a full Bitcoin node, because it requires a Lightning node as well, if we give the market what it wants in stablecoins, we are getting the benefit as these new companies adopt of spreading Bitcoin infrastructure and spreading Bitcoin nodes and spreading Lightning nodes and Lightning channels into all these places that maybe they wouldn’t necessarily adopt if it was just bitcoin only.

I think that’s an underappreciated point, just the spread of Bitcoin infrastructure. Because if we’re right about what bitcoin the asset is, then over time, demand for the dollar will decline anyway and this Bitcoin infrastructure will be in place for users to switch their demand from USD to BTC. I think that’s a moment that we’re all really excited for and really pushing for, but there’s just this bridge step in the middle where we gotta give the people what they want.