Welcome to BitPinas Key Points: Easily digestible news in concise formats for easy reading. Let’s check the latest crypto news stories in the last 24 hours in the Philippines and abroad.
Crypto Price Update
Market News
- Reddit community MOON token has hit record high ahead of a bridge launch.
- Solana continues ascent along with memecoin BOME as key cryptocurrencies like Bitcoin and Ether lagged.
- Is Bitcoin entering pre-having Danger Zone?
- Activity on Solana has seen the network flipping Ethereum in terms of volume.
Feature Story: CZ Launches New Project
The former CEO of Binance is launching an educational platform for underage kids.
- Changpeng Zhao, known as CZ and the former CEO of Binance, has launched Giggle Academy, a project aimed at providing free, accessible education for underprivileged children worldwide, covering grades 1 to 12 with a focus on technology and essential skills.
- The initiative targets global illiteracy, aiming to reach areas with high rates of illiteracy in South Asia, West Asia, and sub-Saharan Africa, by offering an online platform with educational content in literacy, math, science, blockchain, and AI.
- Giggle Academy incorporates gamification and blockchain technology to engage students and verify achievements, using Soul Bound Tokens (SBTs) for certification, which cannot be transferred, making education both fun and credible.
- The platform prioritizes skill development and self-certification over traditional degrees, preparing students with relevant skills for the job market, focusing on practical knowledge rather than academic credentials.
- Despite facing legal issues in the U.S., CZ is focusing on Giggle Academy to make a positive impact on global education, utilizing his expertise in software platform development to address educational disparities.
Regulation
- The International Monetary Fund (IMF) has mandated that the Federal Board of Revenue (FBR) in Pakistan impose Capital Gains Tax (CGT) on cryptocurrency investments. This requirement is part of the conditions for Pakistan to be eligible for $3 billion in bailout funds.
- U.S. prosecutors have suggested that a federal judge impose a prison sentence of 40-50 years on Sam Bankman-Fried, the founder and ex-CEO of FTX. This recommendation comes in light of his conviction on charges of fraud and conspiracy related to the downfall of FTX, which was previously among the largest cryptocurrency exchanges globally.
- Indonesia experienced a significant increase in cryptocurrency transactions, totaling 30 trillion Indonesian Rupiah (approximately $1.92 billion) in February, according to the nation’s crypto regulatory authority. Additionally, the Commodity Futures Trading Supervisory Agency (Bappebti) announced that the number of registered cryptocurrency investors in Indonesia reached 19 million last month, with a notable growth of 170,000 users from January.
DeFi and NFT
- Starbucks US has shuttered its Odyssey NFT program.
- Interest in Bitcoin Ordinals NFT has soared as NodeMonkes surged 53%.
- Coinbase-created Base blockchain has surged to 2 million in daily transactions following the Dencun upgrade.
Web3 Gaming
- Parralel Studios, which created the hit NFT game on Ethereum is developing another game – an AI driven survival game on the Solana network.
- Axie Infinity’s Ronin blockchain has experienced a resurgence following the return of gamers. RON token is up 45% from last week.
Noteworthy
- A new meme coin on the Solana blockchain, named Slerf, encountered severe setbacks when the project’s developer unintentionally destroyed a large fraction of the token’s supply. This mistake led to the loss of $10 million, which represented the total amount invested by participants in the presale.
- Still, the token pumped 200%, as people claimed the best course of action is to make sure the price keeps moving up.
Upcoming BitPinas Webcast
BitPinas is excited to host three resilient projects that began their journey in 2018 or earlier. Discover the latest developments and updates from the following games and organizations:
1. The resurgence of Axie Infinity is undeniable. As the top web3 game, it recently announced the integration of an in-game guilds system. Learn more about this and other exciting developments from Sky Mavis with Sr. Growth Manager Pos2.ron.
2. Based in Bicol, SparkPoint is developing its own blockchain network using Arbitrum Orbitchain. CEO Harvey will share all the details about this new chapter for the 8-year-old company.
3. Ownly, the creator of Crypto Solitaire, is also developing Ownchain and has more announcements regarding its roadmap. We will be joined by regular BitPinas collaborator Ismael Jerusalem to discuss further.
SparkPoint and BLINC (Bitshares Labs) will be supporting this webcast.
Register and click GOING to stay updated once we go live.
This article is published on BitPinas: Key Points | March 18, 2024 | CZ Launches Giggle Academy
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