The inflow of assets into crypto funds is growing, and Argentina is integrating Ethereum into the school curriculum in Buenos Aires. Find out more about these and other major crypto news that has shaken up the industry over the past 24 hours in this article.
Visa and Revolut Announce Global Partnership
Visa and Revolut have announced a partnership to transform cross-border business payments. The cooperation aims to provide business partners with instant card transfers through the Visa Direct network in more than 78 countries and 50 currencies.
Revolut Business customers will be able to send money around the world in real time using only their card numbers. The new service promises faster payments for Revolut’s business users, whether a startup is paying for services or a travel agency is compensating customers for delays. As funds will reach recipients’ accounts within 30 minutes or less, this simplified method is expected to significantly reduce the difficulties associated with international payments.
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Mark Jamison, Senior Vice President of Global Clients at Visa, notes: “We’re delighted that Visa Direct’s global reach, security, and reliability will enable Revolut’s business customers to move money worldwide with speed and confidence. This step deepens our collaboration with Revolut to continue their impressive track record of growth and product differentiation.”
The flow of Assets to Crypto Funds Increased to $533 Million
The CoinShares weekly report showed that in the period from 19 to 24 August 2024, capital inflows into cryptocurrency funds increased to $533 million, and trading volume totaled $9 billion. According to experts, this figure was the largest inflow in the last five weeks. They also note that the sharp increase can be attributed to statements by US Federal Reserve Chairman Jerome Powell. In particular, he admitted that the first interest rate cut could take place as early as September 2024.
It is worth noting that for the third week in a row, investment products based on digital assets have been showing positive dynamics. As for the breakdown of data by asset, Bitcoin-based products are once again in the lead with an inflow of $543 million. Ethereum funds saw outflows of $35.7 million. In terms of regions, the situation is as follows: The United States, Hong Kong, Switzerland, Brazil, Canada, and Australia received capital inflows, while Germany and Sweden experienced outflows.
Argentina Adds Ethereum to Buenos Aires High School Curriculum
ETH Kipu and the Argentine Ministry of Education have joined forces to integrate Ethereum into the high school curriculum in Buenos Aires. The ETH Kipu Foundation has announced a collaboration with Buenos Aires to integrate blockchain and Ethereum into the city’s high school curriculum. As a result, high schools in Buenos Aires will now offer blockchain internships for their students to give them hands-on experience. The first year of the program will start on 27 August.
Additionally, ETH Kipu has announced the launch of an online course on Solidity. Its goal is to teach 500 students over the age of 18 to use the programming language to create decentralized applications (DApps). The foundation plans to train 30 teachers who will teach students how to work with Ethereum and the blockchain.
Solidity is a high-level programming language used to create smart contracts on the Ethereum blockchain. It was developed in 2014 to create DApps on Ethereum.
Paula Doi, the co-founder of ETH Kipu, said that integrating Ethereum into high schools introduces students to technology and gives them the tools to ‘shape the future’. She also added: “This initiative will open up new career opportunities for young people and place Argentina at the forefront of the global blockchain movement.”.
Every year, the number of educational institutions integrating blockchain into their educational process is growing. This is an important step towards raising user awareness in the industry. For example, the University of Applied Sciences of Business Administration Zurich recently launched a Bitcoin education course for those planning to integrate cryptocurrency into new business models.
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Several other educational institutions are already offering relevant educational programs to students, including the University of Nicosia, the University of Cambridge, the Massachusetts Institute of Technology, the Kyiv-Mohyla Academy, and others. They provide blockchain education programs, teaching students how to program smart contracts and create new products and services based on this technology. In particular, the Kyiv-Mohyla Academy has recently completed a blockchain certification program for masters of the Faculty of Informatics, developed in cooperation with WhiteBIT. Graduates received diplomas in the form of tokenized certificates on the Whitechain blockchain, which confirm the authenticity of traditional documents and make it impossible to transfer or counterfeit them.
Sony Launches Soneium Testnet
Last week, Sony announced the launch of a new blockchain called Soneium. On 28 August, they introduced the Soneium Minato testnet, a public blockchain network that allows developers and users to explore and test applications before the main network is launched. This provides an opportunity for early community building and feedback, which is an important step in ensuring the network’s stability and functionality before its official launch.
In addition to this, Sony has also announced the Soneium Spark incubator program, aimed at accelerating blockchain development. The program offers support to eligible developers, including an investment of up to $100,000. Program participants will receive marketing, business, technical, and financial support, as well as access to workshops and mentoring sessions.
Soneium Spark seeks to attract a wide range of projects, focusing on sectors such as decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and social applications.
Applications for participation in the program are accepted for 30 days, to include 30 projects in the first cohort. The inaugural program will start in mid-October and will last for several months.
Floki Partners with the University of Miami Athletics
Floki, a cryptocurrency ecosystem, has announced a multi-year partnership with the University of Miami Athletics. The cooperation is focused on Valhalla, Floki’s immersive NFT metaverse game. As part of the new agreement, the game will be presented on several platforms of the University of Miami Athletics. This includes social media, digital advertising, and on-site promotions during Hurricane’s sporting events. The agreement sees the university leveraging its strong sports audience to give Valhalla additional exposure.
The partnership also includes charitable activities, as part of which Floki has committed to donating to Canes Connection, the official NIL team of the Miami Hurricanes, for every goal scored by the team during the football season. The initiative is in line with Floki’s broader strategy to integrate its brand into the sports community and support student-athletes.
“We are very excited for this partnership with Floki,” said Chris Maragno, Senior Vice President of Hurricane Global Partnerships. “They share in our commitment to excellence and our continual efforts to elevate the Miami Hurricanes fan experience, and we look forward to bringing this partnership to life.”
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Vladislav Hryniv
Vladislav Hryniv is a digital journalist. For several years, he has worked as a copywriter for Web3 companies, where he gained interest in the industry. Currently, he writes articles on blockchain technology, finance, statistics, and digital asset analytics for various publications.