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Blockchain & Web3 Weekly Bytes Edition #33
Blockchain-Powered 5G, Swift's Digital Push & Bitcoin's Record September
October 5, 2024
Hello Fellow Enthusiast,
Welcome to Edition #33 of Blockchain & Web3 Weekly Bytes! This week brings some fresh insights and developments that you won't want to miss:
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Tech Spotlight: Blockchain-Enabled 5G Networks — the tech driving the next era of decentralized connectivity.
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Weekly Highlights: PayPal finalizes its first business transaction with stablecoin, Swift sets the stage for live trials of digital asset transactions in 2025, and more.
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Affiliate Spotlight: Check out the 101 Blockchains Certified AI Professional (CAIP) program — the perfect blend of blockchain and AI expertise.
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Chart of the Week: Bitcoin’s best-performing September yet — let’s see how it fared!
There’s a lot to unpack, so let’s jump right in.
🧐 Weekly Trivia
Which popular TV show featured a cryptocurrency plotline in one of its episodes?
A) The Simpsons
B) Breaking Bad
C) Friends
D) Game of Thrones
*Find the answer at the end of this newsletter.
🌟 Tech Spotlight – Blockchain-Enabled 5G Networks
The promise of 5G is more than just faster downloads—it’s about a new way of connecting everything from smart devices to entire infrastructures. Enter blockchain, which adds another layer to this by enhancing security, privacy, and decentralized management of these vast networks.
What is a Blockchain-Enabled 5G Network?
5G networks provide high-speed connectivity, but when combined with blockchain technology, they unlock a decentralized approach to managing that connectivity. Blockchain ensures that data traveling across 5G networks remains secure, trusted, and verifiable without needing centralized control. This is especially vital as the number of connected devices and data being transferred increases rapidly.
Real-World Application
Telecom companies are experimenting with blockchain solutions for managing 5G networks. For example, they can track usage across different devices, ensure data integrity, and even automate service agreements through smart contracts. IoT (Internet of Things) devices—like smart cars, connected home appliances, and city infrastructures—can benefit from blockchain by securing data transfers between them and ensuring they are tamper-proof.
Why It Matters
As more devices rely on 5G to function, trust in the data they send and receive becomes critical. Blockchain technology offers a way to verify, secure, and even automate these processes without relying on centralized authorities. This combination has the potential to reshape everything from how we communicate to how cities operate.
Blockchain-enabled 5G networks might just be the backbone of a truly connected and secure future.
📰 This Week’s Blockchain and Web3 Highlights
New HBO Doc Explores the Mystery Behind Satoshi Nakamoto: A forthcoming documentary, Money Electric, set to air on HBO, aims to solve one of the biggest mysteries in crypto—who is Satoshi Nakamoto?
JPMorgan: Geopolitical Tensions Could Drive Investors to Bitcoin and Gold: J.P. Morgan reports that heightened geopolitical risks could push investors to hedge with gold and Bitcoin.
Half of U.S. Voters See Crypto as a Key Issue in the 2024 Election: A recent survey shows that 50% of U.S. voters consider cryptocurrency to be important as the 2024 election approaches. This comes after Vice President Kamala Harris publicly addressed the crypto industry for the first time during her campaign trail.
Swift to Launch Live Digital Asset Trials in 2025: Global payments network Swift has announced plans to begin live trials of digital asset transactions in 2025, moving beyond the experimental phase into real-world applications for banks and financial institutions.
PayPal Completes First Stablecoin Business Transaction: PayPal has successfully executed its first-ever business transaction using a stablecoin, marking a significant step in integrating digital currencies within traditional payment systems.
Chainlink and Taurus Team Up for Tokenized Assets: Swiss-based Taurus has partnered with Chainlink to push tokenized asset adoption. Taurus will leverage Chainlink's platform to enhance real-world data integration for tokenized assets, ensuring compatibility across blockchains.
SEC Enforcement Director, Key in Crypto Crackdown, Steps Down: Gurbir S. Grewal, the SEC's enforcement director responsible for more than 100 enforcement actions against crypto firms, is stepping down, signaling a shift in regulatory leadership.
🔗 Affiliate Spotlight: Certified AI Professional (CAIP) by 101 Blockchains
Looking to stay ahead in the rapidly evolving AI space? The Certified AI Professional (CAIP) course by 101 Blockchains might be the perfect next step. Designed for professionals seeking to expand their expertise in AI and its applications, this course offers a comprehensive understanding of AI concepts and how they integrate with blockchain technologies.
Why consider CAIP?
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Industry-Recognized Certification: Backed by 101 Blockchains, a trusted name in blockchain education.
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Practical Knowledge: Gain insights into real-world AI applications and how they can be applied across various industries.
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Flexible Learning: Complete the course at your own pace, allowing you to balance learning with your work commitments.
🔗 Ready to take the next step? Check out the Certified AI Professional (CAIP) course here!
😂 A Little Blockchain Humor Break 🤣
Source: Bold
📊 Chart of the Week: Bitcoin's Best September Yet!
This September is breaking the mold, with Bitcoin posting an impressive 8.85% gain—the highest in recent years. Historically, September has been a challenging month for Bitcoin, often showing declines. But 2024 flips the script, showcasing strong resilience and renewed investor confidence.
🔍 Key Highlights:
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Record September Gains: This is the best September for Bitcoin, with an 8.85% increase.
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Seasonal Shift: Typically a bearish month, this year's performance marks a significant shift driven by increased institutional interest and favorable market conditions.
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Momentum Building: With this trend, the year's final quarter looks promising for Bitcoin's continued growth.
Source: Cointelegraph
Thanks for tuning into this week’s Blockchain & Web3 Weekly Bytes! We covered a lot today—from Bitcoin’s standout September performance to the growing influence of blockchain in 5G networks. We also looked at some key highlights, including PayPal’s latest stablecoin transaction and the rising prominence of tokenized assets.
Trivia Answer: A) The Simpsons
The Simpsons featured cryptocurrency in an episode where Lisa learns about blockchain from a professor voiced by Jim Parsons (Sheldon from The Big Bang Theory).
Stay tuned for next week’s insights, and as always, feel free to reach out with any questions or feedback!
Warm regards,
Ajay Tomar
Disclaimer:
Content in this newsletter is for educational and informational purposes only and is not intended as financial, tax, or legal advice. Always do your research and consult with a professional before making financial decisions. As a solopreneur, I may earn commissions from affiliate links in this newsletter at no extra cost to you. This support helps me bring you valuable content. I only endorse products I trust and believe could benefit you.
