Blockchains and Bagels: the morning market update to get you ready for the day ahead. Today, The Pale Blue Foundation is trying to solve Venezuelas crisis with Bitcoin. Circle reports growth in user base and transactions amid digital asset bear market.
Jonathan Wheeler left his job at Goldman Sachs in February to start the Pale Blue Foundation. The organization is looking to solve the Venezuelan currency crisis by airdropping bitcoins to citizens of the country. They identified usability of the digital currency as its primary challenge. To overcome this challenge they are looking to partner with localbitcoins and OpenBazaar to offer real use cases for digital assets.
Circle financial is reporting a larger portion of purchases coming from hedge fund and institutions as prices for digital assets continue to slide. The company is reporting a 30% increase in customers and 15 times increase in daily transaction volumes year over year.
The popular travel booking website removed digital assets as a payment option from its website earlier this month. The change was not broadly communicated on its social media or website to the dismay of many customers.
The professional basketball team will launch a charitable organization to mine Ethereum. The proceeds will be used to support programs in the Sacramento community. Build. Black. Coalition has been selected as the first to receive support from the charity.
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