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Gemini Reveals Controversial Hiring Policy Amid Tensions With Gary Gensler
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has announced a bold hiring policy: it will not recruit any graduates or interns from the Massachusetts Institute of Technology (MIT) as long as the university continues its association with Gary Gensler , the former Chairman of the Securities and Exchange Commission (SEC) . Tyler Winklevoss, Gemini’s co-founder and CEO, made the declaration in a Jan. 30 post on X (formerly Twitter) , stating: “As long as MIT has any association with Gary Gensler, Gemini will not hire any graduates from this school.” This move is part of Gemini’s ongoing feud with the SEC , which escalated following a series of enforcement actions under Gensler’s leadership. Gemini’s Legal Battle with the SEC Gemini has had a contentious history with the SEC , particularly over its Gemini Earn program, which was accused of offering unregistered securities in partnership with the now-bankrupt Genesis Global Capital . In March 2024 , Gemini settled SEC charges by paying a $21 million fine . Gensler, who served as SEC chair under the Biden administration , oversaw some of the most aggressive enforcement actions against crypto firms in the agency’s history. He stepped down on Jan. 20, 2025 , following the inauguration of President Donald Trump , and returned to MIT as a professor , focusing on artificial intelligence (AI) in finance, fintech, and regulatory policy . Crypto Industry Reactions to Gemini’s MIT Boycott The decision to boycott MIT graduates received mixed reactions from the crypto industry. Some strongly supported Winklevoss’ stance , arguing that MIT’s affiliation with Gensler makes the university complicit in his anti-crypto policies. Bitcoin advocate Erik Voorhees echoed Winklevoss’ sentiments, saying: “Every crypto company should boycott MIT grads until Gary is fired.” This is not the first time the crypto industry has targeted institutions connected to former SEC officials . In December 2024 , Coinbase stopped working with the law firm Milbank after it hired former SEC enforcement director Gurbir Grewal . Coinbase CEO Brian Armstrong criticized firms that employ regulators who have actively worked against crypto : “We will avoid working with law firms that hire people who tried to unlawfully kill the industry while failing to clarify the rules.” However, not everyone in the industry agreed with Gemini’s hiring freeze. Axelar Network’s Sergey Gorbunov disagreed with the decision, saying: “I don’t see a reason to punish students over the crypto industry’s beef with Gensler.” Similarly, Arkham’s UK legal head, Preston Byrne , commented: “Not hiring law firms who employ SEC enforcers is one thing. Not hiring MIT graduates seems like overkill.” Blockchain advocate Jiasun Li , a professor at George Mason University , suggested a different approach: “A better strategy may have been to boycott any student who enrolls in Gensler’s class.” Despite the backlash, Winklevoss remains firm in his stance, asserting that any company or university hiring Gensler is betraying the crypto industry . In a Nov. 16 X post , he stated: “No amount of apology can undo the damage he has done to our industry and our country.” Why the Crypto Industry Clashes with the SEC The SEC, under Gensler’s leadership, pursued aggressive legal action against numerous crypto firms, enforcing regulations without providing clear guidelines for the industry. Some of the most high-profile SEC cases included: Ripple (XRP): The SEC sued Ripple Labs in 2020, alleging that XRP was sold as an unregistered security . Kraken: The exchange settled with the SEC in 2023 for $30 million over staking services . Coinbase: Faced legal action for allegedly operating as an unregistered securities exchange . Crypto executives have long accused the SEC of stifling innovation and pushing the industry offshore with unclear and hostile regulations . How Bitcoin and the 2024 Halving Fit into the Picture One of the biggest catalysts for crypto adoption and regulation battles is Bitcoin’s role in the financial system . The 2024 Bitcoin halving , which occurred in April 2024 , reduced Bitcoin’s mining rewards from 6.25 BTC to 3.125 BTC per block . Historically, Bitcoin halvings have triggered major bull runs , attracting increased investment from institutional players, hedge funds, and state governments . The 2024 halving was no exception, with Bitcoin surging past $100,000 , intensifying debates about crypto regulations and government oversight . As Bitcoin continues to gain mainstream and institutional adoption , regulatory agencies like the SEC face mounting pressure to establish clear and fair crypto policies . The SEC’s crackdown under Gensler has only deepened industry resentment , leading to actions like Gemini’s MIT boycott . The Future of Crypto Regulation in the U.S. With Gensler no longer at the SEC , the regulatory landscape may shift under the Trump administration . The new SEC leadership could take a more crypto-friendly approach , focusing on clear regulations rather than aggressive enforcement actions . In the meantime, crypto firms are doubling down on self-regulation , pushing for state-level Bitcoin reserves , and fighting back against what they view as unfair treatment from regulators. Gemini’s boycott of MIT graduates is a reflection of deeper industry frustration , signaling that crypto companies are willing to take radical steps to push back against what they perceive as regulatory overreach . Whether this strategy will pressure MIT to sever ties with Gensler remains to be seen. However, one thing is clear: the battle between crypto firms and regulators is far from over . With Bitcoin’s role in global finance growing and the 2024 halving driving renewed institutional interest , the crypto industry is more determined than ever to fight for fair treatment and regulatory clarity.

CryptoIntelligence 2025-01-30 18:54
EigenLayer and Cartesi Team up on AI, DeFi for Mainstream Adoption
Leading Ethereum-based restaking protocol EigenLayer is teaming up with Cartesi – a modular blockchain protocol. The partnership aims to see core developers from both teams build innovative decentralized applications catering to mainstream users and accelerating adoption. According to a press release shared with CryptoPotato , Developers, including those with traditional Web2 backgrounds, will have the chance to leverage the combined strength of Cartesi’s Coprocessor powered by Linux with EigenLayre’s restaking protocol. Core devs from both teams will get in the trenches and ideate consumer-oriented dApps and new use cases. This will happen through an invite-only internal hackathon called Experiment Week #3, which will take place from February 10th to February 17th. Speaking on the partnership, Felipe Argento, co-founder and advisor at Cartesi, said: We saw so many mind-blowing projects built in the first two editions of Cartesi Experiment Week, and I’m beyond excited for what’s in store this time – especially with a giant like EigenLayer joining the fun!” On the other hand, the Director of Developer Advocacy at EigenLayer, Nader Dabit, said: We are thrilled to partner with Cartesi for this hackathon. Their Linux-powered rollups enable developers to build complex on-chain applications with familiar tools. This event will showcase the incredible potential of Cartesi’s technology to push the boundaries of what’s possible in Web3.” The post EigenLayer and Cartesi Team up on AI, DeFi for Mainstream Adoption appeared first on CryptoPotato .

Crypto Potato 2025-01-30 18:52
Trump vs Powell (TRUMPFED) Memecoin Will Explode Over 18,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag
Trump vs Powell could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump vs Powell (TRUMPFED), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because TRUMPFED is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Trump vs Powell can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Trump vs Powell could become the next viral memecoin. Trump vs Powell launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Trump vs Powell on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump vs Powell by entering its contract address (CA) – B4UgwnzEr2XsGHiYrjf6vf9JJm1G9jhwzQmpkDeHXnwt – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like TRUMPFED. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.

CryptoIntelligence 2025-01-30 18:50
Irreducible Secures $24 Million Series A Funding to Advance ZKP Infrastructure
Irreducible, a leading player in the zero-knowledge proof (ZKP) infrastructure sector, has successfully secured a robust $24 million in a recently concluded Series A funding round, as reported by The

CoinOtag 2025-01-30 18:48
Kraken Introduces New Staking Product for U.S. Customers Amid Regulatory Changes and Past SEC Settlement
Kraken’s reintroduction of a staking product for U.S. customers marks a significant shift in the landscape of cryptocurrency services following past regulatory challenges. This product, now compatible with 37 states

CoinOtag 2025-01-30 18:45
El Salvador’s Bitcoin Law Amended: It’s No Longer a Must-Use
El Salvador makes Bitcoin adoption voluntary after IMF pressure on private sector use. Local Bitcoin usage remains low, with only 7.5% of the population using it for transactions. El Salvador continues to buy Bitcoin, holding over 6,000 BTC worth $636 million. El Salvador has amended its Bitcoin law to make cryptocurrency adoption optional, bowing to pressure from the International Monetary Fund (IMF). The country’s Congress passed the new law on Wednesday, following a request from President Nayib Bukele. El Salvador passed a law in 2021 recognizing Bitcoin as legal tender alongside the U.S. dollar , a move that Bukele issued into law and described as a move toward financial inclusion and economic growth. However, the expected boom in Bitcoin adoption never materialized. Local adoption, however, remains dismal, with only 7.5% of the local population using the asset daily, according to a report by Reuters. A government-run Chivo wallet that was supposed to be the primary mechanism for handling Bitcoin transactions overwhelmed the market. However, the IMF, which agreed to lend El Salvador $1.4 billion in December 2024, recommended that Bitcoin be volun… The post El Salvador’s Bitcoin Law Amended: It’s No Longer a Must-Use appeared first on Coin Edition .

Coin Edition 2025-01-30 18:45
Christine Lagarde Signals Unlikelihood of Czechia Adopting Bitcoin as Central Bank Reserve Asset
The ongoing debate over Bitcoin’s legitimacy as a reserve asset is gaining momentum, especially after recent comments from European Central Bank President Christine Lagarde. As global interest in cryptocurrency diversifies,

CoinOtag 2025-01-30 18:43
The U.S. States' Bitcoin Reserve Race Heats Up
The Deputy Minority Leader in the Illinois House of Representatives, John Cabello, has introduced a bill to establish a Strategic Bitcoin Reserve (SBR). This initiative, along with several similar proposals, has caught the attention of Dennis Porter, CEO of the Satoshi Action Fund. His organization advocates for the first cryptocurrency within political and business circles across the country. In December 2024, Porter outlined a mechanism through which President Donald Trump could finance the creation of a federal SBR before Congress enacts any legislative changes. He noted that if federal authorities do not expedite the establishment of the fund, they would initiate a ”wave of SBRs” at the state level. In January, as part of fulfilling campaign promises, Trump announced the formation of a task force on digital assets led by special advisor on AI and cryptocurrencies David Sachs. One of the group's objectives is to assess the feasibility of implementing an SBR. In a recent interview, the official confirmed that they are ”studying” the issue. The largest publicly traded miner by market capitalization, MARA Holdings, has joined efforts to lobby for the creation of Bitcoin reserves at both federal and all 50 state levels. Illinois John Cabello's proposal calls for creating a fund managed by the state treasurer. Deposits in digital gold will be held for no less than five years, during which any Bitcoins in the reserves cannot be transferred, sold, or converted into other assets. The structure will be able to accept voluntary donations in the first cryptocurrency. Cabello proposed regular audits every two years. As a security measure, he deems it necessary to utilize cold storage for the coins. Ohio House Majority Leader Steve Demetriou has introduced a new bill to create an SBR, co-authored by six other state congressmen. A similar initiative was first proposed in December by Republican Derek Merrin. Key features of Demetriou's proposal include: The state may allocate up to 10% of its stabilization fund for Bitcoin investments. The structure employs reliable custodial solutions with self-custody. Only assets with a market capitalization of at least $750 million can be included in the reserve. The bill uses the neutral term ”digital asset” to reduce political friction. ”We fully support and endorse this act and will work closely with its authors and supporters to make it a reality,” stated Porter. Arizona, Utah, Texas, and Others In Arizona, the bill to establish an SBR was the first among states to pass through a relevant committee. The document will soon be put to a Senate vote. Republicans Wendy Rogers and Jeff Weninger are co-sponsors of this proposal. The Utah Senate was second in this regard — its SBR document has also exited committee. In South Dakota, a bill regarding a Bitcoin fund has just begun its journey in Congress—registered by Representative Logan Manhart. In Texas, the lieutenant governor declared the creation of an SBR as a ”priority,” noted Porter. The corresponding act was submitted to the House of Representatives back in December. ”We are moving very quickly,” summarized Porter regarding recent developments on this topic. At the end of January, Arizona's Congress introduced a bill allowing local government and pension funds to invest in Bitcoin. A similar initiative was proposed in Indiana. The organization The Bitcoin Conference reported that there are currently 10 states where legislative acts concerning the first cryptocurrency have already been introduced. Analysts from Fidelity Digital Assets believe that national adoption of Bitcoin in 2025 will serve as a powerful driver for this digital asset.

Coinpaper 2025-01-30 18:41
WEEX Completes First-Ever Burn $120 Million Worth of WXT, Reducing Supply by 40%
SINGAPORE, Jan. 30, 2025 /PRNewswire/ — Platform tokens like BNB and BGB have demonstrated their ability to create immense value through well-planned tokenomics strategies. Following these examples, WEEX is set to execute a significant milestone: the planned destruction of 40% of WXT’s total supply, valued at $120 million, signals a strategic step towards increasing scarcity and enhancing the token’s utility within the WEEX ecosystem. WXT $120 Million Burn vs. BNB and BGB As outlined in the burn process, WEEX ensures complete transparency by recording every token burn event on-chain. Such openness reinforces investor confidence and showcases the platform’s dedication to responsible token management. Key Post-Burn Metrics Token Name: WEEX Token (WXT) Blockchain: Ethereum (ERC-20) Total Supply After Burn: 6,000,000,000 Burned Token Value: $120 million For comparison, Binance’s 30th quarterly burn eliminated 1.63 million BNB, valued at $1.16 billion, while Bitget unveiled a plan to burn over $5 billion worth of BGB tokens, WEEX’s upcoming burn stands out as a bold move to immediately reduce WXT’s supply by 40%. With plans for regular quarterly burns in the future, this initial large-scale reduction signals WEEX’s commitment to aligning with proven strategies in the industry while tailoring its approach to meet the platform’s growth and community needs. Expanding Utility Across the WEEX Ecosystem A Growing Ecosystem Backed by Numbers Since its launch in August 2023, WXT has seen a cumulative price increase of 384%, reflecting its growing utility and market confidence. Over the past year, WEEX has solidified its presence in the global cryptocurrency market: Daily Trading Volume: Exceeding $20 billion, consistently ranking among the top 10 derivatives exchanges. Active User Base: Over 5 million users, supported by partnerships with 10000 star traders and 2000 global influencers. Security and Transparency: Backed by a 1000 BTC investor protection fund and on-chain verification of all token burns. These figures underscore the platform’s robust foundation and the critical role WXT plays in its ecosystem. A Systematic Burn Schedule for Sustainable Growth The whitepaper also highlights WEEX’s ongoing commitment to reducing WXT’s circulating supply through quarterly burns. This process involves allocating 20% of the exchange’s quarterly revenue—including spot and futures transaction fees and listing fees—for token repurchases and subsequent destruction. Such a systematic approach ensures WXT remains deflationary, sustaining its scarcity while reinforcing its value proposition within the ecosystem. Benefits for WXT Holders The whitepaper emphasizes WXT’s integration into the WEEX platform’s comprehensive offerings,too. WXT holders enjoy numerous benefits: 1）Fee Discounts: Up to 70% off futures trading fees, making trading more cost-efficient. 2）Profit Opportunities: Enhanced profit-sharing through copy trading and VIP upgrades. 3）Exclusive Airdrops: Access to high-value token airdrops via the WE-Launch program, with annualized returns potentially exceeding 140%. 4）Governance Rights: WXT holders can participate in platform decision-making, including proposals for new listings and feature updates. Future plans include integrating WXT into decentralized finance (DeFi) applications and extending its utility to cross-chain platforms and decentralized exchanges (DEXs), further broadening its use cases. Will WXT Be the Next 100x Gem? The upcoming $120 million WXT burn is poised to make an impact in the competitive landscape of platform tokens. By reducing its supply significantly, WEEX creates a foundation for WXT’s scarcity-driven value potential, positioning it alongside successful examples like BNB and BGB. As WEEX continues to innovate and expand globally, WXT’s future will be shaped by its ability to adapt to market demands and deliver value to its holders. Whether WXT achieves “100x gem” status will depend on the platform’s sustained efforts to refine its tokenomics and expand its applications. For those seeking a platform token with robust fundamentals and growth potential, WXT presents a compelling opportunity as it navigates the next stage of its evolution. About WEEX Founded in 2018, WEEX has quickly emerged as a global leader in cryptocurrency trading. With an extensive selection of trading pairs, cutting-edge features like WE-Launch, and partnerships with global icons like Michael Owen, WEEX continues to redefine the trading experience for millions worldwide. For more information: Website : WEEX Exchange

Bitcoin World 2025-01-30 18:41
Mercari Launches New Marketplace Mercari NFT
TOKYO, Jan. 28, 2025 /PRNewswire/ – Mercari , Inc. (“Mercari”) has announced the launch of Mercari NFT , a new online marketplace enabling users to buy and sell NFTs directly through the Mercari platform. Starting January 28, 2025, Mercari users can now access popular NFTs listed on OpenSea , a major NFT marketplace, seamlessly integrating digital assets into Mercari’s ecosystem. This launch marks a significant milestone as Mercari expands from a physical goods marketplace into the world of digital assets. Expanding Mercari’s Mission to “Circulate All Forms of Value” Mercari has grown into Japan’s leading marketplace app with over 23 million monthly active users and more than 4 billion cumulative listings as of September 2024. In line with its mission to “circulate all forms of value to unleash the potential in all people,” the company has expanded into digital payments (Merpay) and cryptoassets (Mercoin). With Mercari NFT , the company extends its ecosystem to include NFTs, allowing users to purchase digital assets using their Mercari sales balance. By eliminating the need for a separate crypto wallet or account, Mercari NFT simplifies access to digital assets and makes listing purchased NFTs just as easy as selling physical items. Key Features of Mercari NFT Seamless NFT Purchases : Users can buy NFTs using familiar payment methods, including Merpay balance, Mercari points, and Mercard, offering a hassle-free experience. Easy NFT Management : Purchased NFTs are displayed in the “My items & listings” section, making it easy for users to view and manage their digital assets. Simplified NFT Listing : Users can easily list NFTs they’ve purchased on Mercari NFT, with profits credited to their sales balance upon a successful transaction. No Buyer Fees : Buyers are not charged transaction fees when purchasing NFTs, with prices displayed transparently, including gas fees, consumption tax, and selling fees. Plans for Growth From the first day of its launch, Mercari NFT offers access to NFTs from popular projects listed on OpenSea. Looking ahead, Mercari plans to collaborate with businesses and IP holders in Japan and abroad to issue and sell NFTs in various categories, such as art, trading cards, and entertainment. This expansion aims to establish Mercari NFT as a leading digital marketplace for NFTs. How to Access Mercari NFT Open the Mercari app or a web browser and navigate to the Mercari NFT section through My Page or visit Mercari NFT (Japanese only). Use Mercari’s payment methods to purchase NFTs or list your digital assets for sale. For more detailed information, visit Mercari’s help guide: Purchasing NFTs Listing NFTs About Mercari Founded in 2013, Mercari , Inc. is one of Japan’s leading technology companies, operating a marketplace platform with over 23 million monthly active users and more than 4 billion cumulative listings as of September 2024. Guided by its mission to “circulate all forms of value to unleash the potential in all people,” Mercari has expanded beyond physical goods into digital payments (Merpay) and cryptoassets (Mercoin). With the launch of Mercari NFT, the company integrates NFTs into its ecosystem, allowing users to seamlessly buy, sell, and manage digital assets directly on the platform. For more information, visit www.mercari.com .

Bitcoin World 2025-01-30 18:39
Crypto Exchange Kraken Launches New Staking Business for Ethereum, Solana
The SEC fined Kraken $30 million back in 2023 and forced it to shut down a similar staking product for U.S. customers.

Decrypt 2025-01-30 18:39
Telecom’s Future Lies in Decentralized Networks
The telecommunications industry stands at a critical juncture. As global data consumption skyrockets, traditional telecom operators face a perfect storm of challenges: stagnant subscriber growth, costly infrastructure maintenance and an insatiable demand for bandwidth. This capacity crunch is not just a problem for carriers; it's a looming crisis for consumers who increasingly rely on seamless connectivity in their daily lives. The telecom squeeze In 2024, AT&T projected $4.7 billion in site lease costs. Add in Verizon and T-Mobile, and the annual cost of leases for wireless coverage in the US approaches a staggering $15 billion. As infrastructure costs rise, margins on internet access are projected to rise more slowly for telecom companies. Meanwhile, demand continues to explode, with global data consumption over telecom networks projected to grow by almost 2x by 2027. The industry's attempts to find new revenue streams, such as through fixed wireless access , which is used to connect home internet users via cellular connections, will exacerbate the problem by placing additional strain on cellular capacity. As a result, consumers face the prospect of degraded service and rising costs. Enter the decentralized physical infrastructure network (DePIN) — a solution that promises to address the capacity dilemma head-on. In a decentralized model, infrastructure is owned, deployed and maintained by multiple parties rather than by a central authority like a big telco operator. In return for sharing in the cost and work of deploying new network capacity, infrastructure owners are rewarded with blockchain incentives. By leveraging distributed resources and blockchain technology, carriers can see: Rapid coverage creation: DePIN networks can create coverage/capacity where it's needed most, and deploy that coverage faster than with the traditional model. CAPEX-free scalability: Expansion is no longer limited by capital-intensive infrastructure projects. Reduced OPEX costs: By distributing deployment and maintenance work, operators reduce operational expenses and consumers benefit from the savings. Improved performance: Decentralized networks can give operators the ability to choose which radios serve which users for specific geographies and times of the day. Increased trust: By providing an immutable and transparent ledger, blockchain ensures visibility of the quality of experience metrics in a distributed system. Overcoming resistance to change For many telecom executives, embracing decentralization represents a significant cultural shift. But they’d be wise to consider history as they look to the future of their industry. For example, when the initial switch from analog to digital networks began in the 1990s, consumers and industry executives were hesitant to upgrade their systems. But once implemented, 2G cellular technology improved capacity and efficiency, and also enhanced voice quality, SMS messaging and data services that would lay the foundation for subsequent generations of mobile services. Concerns about quality of service, control and security no longer need to deter a transition to a decentralized network. Each of these issues can be satisfactorily addressed through standards-based implementations and robust governance models to achieve the long-term benefits of adopting decentralized models, as well as set the stage for future innovation and improvements. By collaborating with DePINs, telecoms can position themselves at the forefront of a new era in connectivity. Decentralizing traditional carriers: coverage creation and data offload One of the most promising entry points for DePIN is via coverage creation and carrier offload. Decentralized telecom networks can create coverage where it didn’t exist before. Currently, carriers identify regions where connectivity is needed, and business development teams engage with local real estate owners to lease and develop sites for expanded coverage. It’s a time- and resource-intensive process with considerable costs attached. DePINs, however, can deliver a new "point-and-shoot" model where carriers indicate directly to the decentralized builder community where coverage is needed. Carriers can use tools such as the Helium Planner to mobilize communities to create coverage where they know it will be used, benefitting both the builders and the mobile customers, and instantly enhancing the operator’s network. Helium stands as a prime example of a decentralized telecom network that is successfully being used by traditional carriers. The network already collaborates with several telcos, both in the US and Mexico, the latter via its partnership with Telefónica — a testament to the growing acceptance of decentralized solutions by major industry players. By incentivizing individuals and businesses to operate Hotspots, over 400,000 subscribers of U.S. telco carriers connect to the Helium Network daily to access the internet through Hotspots. With over 500 terabytes of data transfers into Helium, the Network has proven that traditional telcos can embrace the capacity, security and effectiveness of decentralized networks. Embracing a decentralized future Decentralized network expansion will become even more critical as 6G rolls out nationwide in the coming years. As stated in the recently released 6G Vision Statement from the Wireless Broadband Alliance (WBA), we will need more robust and intentional collaboration across the industry to “achieve ubiquitous connectivity” to overcome costly cellular infrastructure upgrades. The industry needs cost-effective offloading solutions to roll out this next generation of wireless technology efficiently. As the telecom industry grapples with unprecedented challenges, decentralized networks offer a path forward. By leveraging blockchain technology, embracing innovative partnerships and reimagining the very nature of connectivity, telecom leaders will be able to thrive in the coming decades.

CoinDesk 2025-01-30 18:38

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