BlackRock’s Bitcoin ETF Expands to Include Wall Street Banks

BlackRock's Bitcoin exchange-traded fund (ETF) has broadened its participation scope, now offering involvement opportunities for Wall Street banks.

BlackRock recently made it so authorized participants – a vital part of the ETF ecosystem – will be able to create new fund shares with cash, rather than only with crypto.

This development marks a significant step in institutional adoption, potentially increasing Bitcoin's accessibility and legitimacy within traditional finance, and showcasing the growing interest from established financial institutions.

Altseason: Cardano, Solana, and Polkadot Soar

The recent surge in the crypto market witnessed significant gains in altcoins like Cardano (ADA), Solana (SOL), and Polkadot (DOT).

These coins experienced price increases ranging from 15% to 30%, sparking conversations about a potential altseason, where alternative crypto assets outperform Bitcoin.

According to data from Blockchain Center, 53% of the top altcoins have outperformed BTC during the last three-month period.

OpenAI CEO Promotes Worldcoin Post Fundraising Report

OpenAI's CEO Sam Altman has publicly endorsed Worldcoin after a successful fundraising round. Worldcoin aims to implement a universal basic income (UBI) system using a crypto asset.

This initiative has gained attention for its innovative approach to social welfare through blockchain technology.

Worldcoin claims that more than 2.6 million people have signed up to have their irises scanned by Worldcoin's "orb" devices in exchange for a digital ID and free crypto asset.

China Set to Launch RealDID: A Privacy-Focused Digital Identity Chain

China is on the verge of launching RealDID, a national digital identity chain prioritizing user privacy.

RealDID is reportedly a fusion of BSN’s blockchain service network and the CTID digital identity chain, aiming to cater to the needs of a digital economy while maintaining a balance between anonymity and real-name verification.

As digital identity solutions gain prominence, especially within blockchain technology, China aims to offer a secure and privacy-focused platform for identity verification, emphasizing individual data protection in an increasingly digital world.

El Salvador Introduces Bitcoin-Focused Freedom Visa in Collaboration with Tether

El Salvador has debuted an exclusive Freedom Visa centred around Bitcoin in collaboration with Tether.

El Salvador’s initiative offers a unique opportunity for 1,000 individuals annually to partake in the nation’s economic renaissance, which is deeply rooted in Bitcoin and technological innovation.

The Visa initiative underscores El Salvador's ongoing efforts to integrate crypto assets into its financial ecosystem.

The collaboration with Tether seeks to provide innovative financial services, promoting the use of Bitcoin for everyday transactions, both domestically and internationally.

That’s all for this edition of our crypto newsletter. Stay tuned for more exciting news and updates from the world of blockchain and crypto!