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Argentinians Turn to Bitcoin Amid Increasing Inflation Rates: Report

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In the face of relentless inflation and economic instability, Argentinians are increasingly turning to Bitcoin as a refuge, with recent data indicating a surge in purchases of the cryptocurrency.

This trend comes as Bitcoin has experienced a remarkable rally in recent months, hitting record highs and outpacing traditional hedges against inflation, such as the U.S. dollar.

Bitcoin Purchases Soar in Argentina

According to a Bloomberg report, in the first week of March alone, the number of weekly Bitcoin purchases in Argentina soared to 34,700, marking the highest volume seen in the country in 20 months. This surge represents more than double the levels observed in early February, showing Argentinians’ growing interest and adoption of Bitcoin.

The appeal of Bitcoin as a hedge against inflation has intensified as the cryptocurrency has witnessed substantial gains, rising as much as 73% year-to-date and reaching an all-time high of over $73,000. This surge has been attributed to various factors, including the introduction of the U.S.’ first spot Bitcoin exchange-traded funds (ETFs) and anticipation surrounding the upcoming halving event scheduled for April.

Argentina’s inflation rate, currently at 276%, has eroded the value of the national currency, the peso, prompting citizens to seek alternative stores of value. Traditionally, the U.S. dollar has been the preferred choice for Argentinians seeking stability amidst economic turmoil. However, the recent strengthening of the peso, coupled with government efforts to stabilize the currency, has diminished the appeal of the greenback.

Dollarization Remains a Distant Prospect

President Javier Milei’s administration has taken steps to address economic challenges, including efforts to clean up the central bank’s balance sheet. While Milei had campaigned on a promise to dollarize Argentina’s economy, his approach since taking office has focused on managing the peso’s valuation rather than immediate dollarization. He has also suggested that full dollarization remains a distant prospect.

The shift towards Bitcoin as a hedge against inflation and economic uncertainty has also led to a decline in demand for traditional assets, including digital tokens tied to real-world currencies such as USDT and USDC.

Argentina has a history of economic instability, marked by frequent devaluation of its currency, which poses challenges for its residents in saving and managing finances. This has increased interest in cryptocurrency in the country, driven by the desire to avoid the effects of peso devaluation, high inflation, and limitations on accessing foreign currencies.

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Ethereum’s First Wallet MyEtherWallet, Integrates with Uphold’s Topper, Boosting ETH Blockchain Engagement

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[PRESS RELEASE – San Francisco, California, September 24th, 2024]

Uphold’s fiat-to-crypto on-ramp Topper integrates with MEW (MyEtherWallet), a household name in the Ethereum (ETH) community with over three million active monthly users.

Topper, a fiat-to-crypto on-ramp by the global web3 financial platform Uphold, announced today the formation of a partnership with a true veteran in the space MyEtherWallet (MEW), the original Ethereum (ETH) wallet, to enhance ETH blockchain engagement and offer MEW users a seamless way to transact with a wide range of assets.

This partnership marks a major milestone for Topper, as it integrates with MEW, the highly respected self-custody ETH wallet. Founded in 2015, MEW serves as a trusted gateway for millions of users to engage with the ETH ecosystem, offering a stable, open-source platform that ensures users maintain full control over their keys and assets.

By integrating with platforms like MEW, Topper enables users to quickly and safely buy ETH and ERC-20 tokens, helping bridge the gap between traditional financial systems and the cryptocurrency ecosystem. Additionally, Topper will enhance crypto accessibility for MEW’s extensive user base by optimizing transaction approval processes, improving payment success rates, and driving revenue growth. This improvement in transaction success rates will make it easier for users to purchase cryptocurrencies, further solidifying Topper as a reliable fiat on-ramp in the blockchain industry.

“This collaboration with MyEtherWallet underscores the compelling revolution in financial services,” said Robin O’Connell, CEO of Enterprise at Uphold. “By joining forces with a prominent name in the Ethereum space, Topper is advancing its efforts to make financial transactions more accessible and user-centric. This partnership is a testament to Topper’s commitment to driving innovation and improving the overall financial experience for users.”

The partnership with MEW aligns with Topper’s mission to simplify and provide greater access to cryptocurrencies through its easy-to-implement Web3 payment solution, offering higher approval rates and support for a wider range of digital assets. As part of Uphold which serves over 184 countries and supports 200+ currencies and commodities, Topper leverages Uphold’s extensive experience in powering over $4 billion in transactions since 2015.

“Over the years, MyEtherWallet has always been committed to making self-custody of crypto easier,” said Kosala Hemachandra, CEO and Founder of MyEtherWallet. “Offering a good range of reliable, secure, and transparent onrampers right in the wallet is a big part of that, and with Topper we are adding one of the best. As a fellow OG in the web3 space, I know we can trust Uphold to provide our users with a great onboarding service.”

For more information on how users can use Topper as their seamless onramp directly through MEW, create a new wallet now at myetherwallet.com/ or on the mobile app MEW Mobile, available on IOS and Android.

About MyEtherWallet

MyEtherWallet (MEW) is a nexus point for transacting in the Ethereum ecosystem and beyond – providing unprecedented access, a secure wallet, multi-faceted integration possibilities, and comprehensive education that allows anyone to quickly take advantage of all the benefits crypto finance has to offer. MEW makes interacting with crypto simple – it is free, open-source, and secure. Founded in 2015, it is the original Ethereum interface empowering users to maintain full control of their keys and assets at every point of interaction and does not hold, save or store any personal information. Today, MEW is committed to offering a suite of products that provide access and education to users who want to interact with the blockchain on their own terms, from Ethereum, layer 2s, Bitcoin and anywhere crypto goes.

About Topper

Topper, the easy fiat on-ramp with higher approval rates, is a quick-to-implement web3 payment tool that lets crypto projects process more of their customers’ payments – supporting twice as many digital assets than its competitors. The Topper payment widget is built to simplify the payment process, accept more currencies and deliver higher approval rates, resulting in fewer declines and more revenue. Developed by Uphold, the web3 financial platform, Topper is a reliable, regulated and trusted payment system.

About Uphold 

Ranked #1 in the San Francisco Business Times Fast 100 List, Uphold is committed to making web3 easy. As a web3 financial platform, Uphold serves over 10 million customers in more than 140 countries. It provides businesses and consumers with easy access to digital assets and services. Uphold’s unique “Anything to Anything” interface gives end users seamless access to and between digital assets and national currencies and precious metals. Uniquely, Uphold smart routes orders across 30 trading venues delivering optimal execution and superior liquidity to customers. Uphold never loans out customer assets and is always 100% reserved. The company has pioneered radical transparency and uniquely publishes its assets and liabilities every 30 seconds on a public website (https://uphold.com/en-us/transparency).

Uphold is regulated in the U.S. by FinCen and State regulators. The company is registered in the UK and Canada with the FCA and FINTRAC respectively and in Europe with the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. To learn more about Uphold’s products and services, users can visit uphold.com.

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W3GG Token to Be Listed on Gate.io, MEXC, and Uniswap, Leading the Future of Web3 Gaming

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[PRESS RELEASE – Baguio City, Philippines, September 24th, 2024]

W3GG, the Yield Guild Games (YGG) backed decentralised gaming protocol, is thrilled to announce the listing of its native token, $W3GG, on Gate.io, MEXC, and Uniswap, marking a milestone in its mission to redefine the gaming industry through Web3 technology. The listing is scheduled to go live on 25th September 2024 at 10am UTC, offering users access to a project at the intersection of blockchain and gaming.

W3GG and the Future of Web3 Gaming

According to the team, the gaming industry, which is projected to reach $125 billion by 2032 according to Global Market Insights, is undergoing a shift with the rise of Web3 gaming. Web3 is changing how gamers interact with the digital world by promising digital asset ownership and earnings opportunities within games. The W3GG protocol acts as a part of this transformation by offering players ownership of in-game assets and empowering developers to try and reward users directly.

W3GG’s decentralised gaming protocol allows gamers the chance to earn blockchain-based rewards, with the intention that contributions like in-game achievements, time spent, and community building are recognized and rewarded. Furthermore, the W3GG token offers gamers the ability to engage and shape the future direction of the ecosystem.

Expanding Market Reach

The listing of $W3GG on Gate.io, one of the top 10 global exchanges by trading volume, and MEXC, another global exchange known for its focus on emerging blockchain projects, ensures that the token will be available to a wide and diverse user base. Additionally, the decentralised nature of Uniswap allows users to trade $W3GG seamlessly and directly, providing the ability for liquidity and ease of access for decentralised finance enthusiasts.

Position in the Web3 Gaming Ecosystem

According to Delphi Digital, Web3 games and metaverse projects raised nearly $673 million from January to June 2024, underscoring the rapid evolution of this space.

W3GG, with its decentralised gaming protocol, and growing ecosystem of over 70 different web3 games, is hoping to capitalise on this growth. The protocol’s native token aims to not only fuel in-game transactions and rewards opportunities, but also enable users to participate in the governance and future direction of the platform. By leveraging the potential of blockchain technology, W3GG is aiming to establish itself as a key player in this multi-billion-dollar market.

Token Utility and Governance

The $W3GG token will serve as the core utility token of the ecosystem:

  • Governance: Empowering community engagement on the future direction of the protocol
  • Staking and Rewards: Gamers can stake $W3GG to unlock exclusive rewards and gain exposure to the growing W3GG ecosystem
  • GameFi Integration: Facilitating play-to-earn mechanics
  • NFT Marketplace: Powering in-game asset trading
  • Launchpad Access: Exclusive entry to new Web3 gaming projects
  • Talent Network: Connecting skilled gamers with opportunities
  • Gated Access: Exclusive entry into IRL events, redeem against merchandise, NFT whitelists, tournament access, gaming assets and more

CEO Statement

“We have been building since 2021 and we are excited to finally bring W3GG to a global audience through these listings on Gate.io, MEXC, and Uniswap,” said Irene Umar, CEO of W3GG. “As Web3 gaming continues to grow, we believe our decentralised gaming protocol will grow with it, offering true digital ownership, decentralised governance, and a seamless way for game developers to reward their most engaged players. This is just the beginning of our journey to reshape the gaming landscape in Southeast Asia and beyond.”

About W3GG

W3GG is pioneering a decentralised gaming protocol designed to reward gamers through blockchain-based tokens, digital ownership of in-game assets, and community-driven governance. The protocol aims to bridge the gap between traditional gaming and the emerging Web3 ecosystem, ushering in an era where every interaction in the gaming ecosystem has tangible value and impact. W3GG is backed by industry giants such as YGG, IVC, Animoca Brands and has strategically invested in over 70 cutting-edge web3 games, including Dark Times, Heroes of Mavia, APEIRON, and Wild Forest.

For more information, readers can visit w3gg.io

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EasyA Announces the EasyA x Polkadot University, the World’s First University Focused on Blockchain Education

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[PRESS RELEASE – San Francisco, United States, September 24th, 2024]

EasyA, the world’s leading blockchain education platform, proudly announces the launch of its EasyA x Polkadot University. This will be the world’s first university focused on educating the next generation of blockchain developers. EasyA alumni have already founded companies valued at over $2.5 billion. The EasyA x Polkadot University will bring the next wave of these founders into the Polkadot ecosystem and get them launching their projects on Polkadot.

With 1 million users already learning about blockchain via the EasyA app and thousands of developers attending EasyA hackathons around the world, EasyA is now taking its educational initiatives to the next level. The EasyA x Polkadot University will leverage the widespread talent within universities and focus this on the Polkadot ecosystem.

Through a combination of workshops, hackathons and demo days, the University will focus on educating students about Polkadot and helping them launch new projects in the ecosystem.

“EasyA has a proven track record of nurturing founders who go on to found leading projects, backed by top VCs like a16z, YC and Founders Fund. The EasyA x Polkadot University is all about inspiring the next wave of those founders to launch their projects on Polkadot.” said Phil Kwok, CEO and Co-Founder of EasyA.

EasyA currently hosts 1-2 in-person hackathons per month in major cities around the world from San Francisco to London to Singapore and beyond, attracting top talent looking to build high-value startups. These hackathons will now be a core pillar of the University.

The biggest breakthroughs in blockchain have been driven by students, like Vitalik Buterin who dropped out to create Ethereum, and Polkadot’s own Robert Habermeier who was just a student when he stepped away from academia to build Polkadot. With its University, EasyA will focus on finding the world’s most talented founders and nurturing them to success.

EasyA’s own founders, Phil and Dom Kwok, have a wealth of experience in both blockchain and business. Having started their journey into blockchain in 2013, they have seen precisely what works and what doesn’t over the past decade. Phil was a scholar at Cambridge University, and was one of the youngest people ever to pass the New York bar. Dom was educated at the Wharton School, University of Pennsylvania, where he was also a scholar before working at Goldman Sachs and subsequently the private equity giant Blackstone.

The EasyA x Polkadot University ushers in a new era for blockchain education: a place where the world’s best builders will create this next phase of the internet.

About EasyA

EasyA is one of Web3’s most popular apps, making it easy for anyone to learn about Web3 right from their phones. Learners earn rewards for mastering new skills and the best are invited to in-person hackathons to launch their startups in world-leading hubs like San Francisco, London and Singapore. EasyA alumni have founded startups valued at over $2.5 billion and have raised from top VCs like a16z, Founders Fund, YC and many more.

Launched by brothers Phil and Dom Kwok, top grads from the University of Cambridge and The Wharton School, EasyA has over 1 million users and has won Apple’s highly-coveted App of the Day award.

To learn more: https://www.easya.io/

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