Blockchain
Wayru brings hundreds of WiFi hotspots on peaq to connect the unconnected in LATAM
peaq, the blockchain for real-world applications, announces the expansion of its ecosystem as Wayru joins to decentralize Internet access. Wayru is building a decentralized physical infrastructure network (DePIN) of community-run Web hotspots providing affordable and secure Internet access. The integration with peaq will see it make its WiFi hotspot firmware compatible with the network and link its mobile app with the blockchain, enabling users to set up their Hotspots on peaq. With its network already comprising more than 500 hotspots, Wayru operators will be able to migrate to peaq, earn rewards in the Web3 Economy of Things, and leverage peaq’s Machine DeFi.
While many in the developed world take Internet access for granted, the harsh reality is that some 3 billion people globally lack this crucial resource. While a link to this digital trove of knowledge and opportunity could do wonders for the most vulnerable communities, they are the ones lacking it most often. In South America, millions are unable to get internet access, which has fundamentally transformed the way we learn, connect, and do business.
Wayru works to close the digital gap, focusing especially on LATAM and the US, by enabling people to share their Internet connections and earn rewards in its $WRU token. To join its network, people can either purchase its Genesis hotspot or install WayruOS on any compatible hotspot. Either way, the next step is minting the device as a Non-Fungible Node (NFN). The NFN works as a track record of their hotspot, tracing its uptime and quality of service, with their rewards based on its performance. The token also grants users access to the network, enabling them to purchase credits at an affordable rate and surf the Web.
Wayru’s integration with peaq bolsters its progress on the mission to connect the unconnected by enabling the project to tap peaq’s modular DePIN functions. The latter include the multi-chain peaq IDs, compatible with Binance Chain and Solana, peer-to-peer machine payments, and role-based access control. It will also enable the Wayru community to earn rewards as part of the Economy of Things on peaq, benefitting from its DePIN-focused economic model, and leverage peaq’s Machine DeFi for setting up new hotspots.
At the initial stage, Wayru will tap the peaq software development kit (SDK) to enable the community to mint their NFNs on peaq. It will also add a peaq-compatible wallet to its mobile app. Later on, it will build a hotspot firmware version with peaq ID support, enabling users to migrate on peaq if they choose so, and officially launch on peaq. It will also enable the devices on the decentralized physical infrastructure network to earn $WRU tokens on peaq and add liquidity for the tokens.
“We are building more than a DePIN,” says Charvel Chedraui, CEO at Wayru. “The end goal is to make the Internet more decentralized and give the people more ownership in it. This vision is fully aligned with peaq’s values, which will greatly boost the project’s ability to build and scale.”
“The global digital gap is a crucial hurdle for our progress as a society,” says Till Wendler, co-founder of peaq. “The DePIN model is perfect for resolving the crisis, as it gives everyone more ownership in the infrastructure the global web runs on. It’s thrilling to see Wayru put this concept to work on peaq with such a noble goal in mind.”
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Binance, a leading cryptocurrency exchange and blockchain platform, has announced the introduction of new loanable assets for its Binance Loans (Flexible Rate) and VIP Loan services. It’s worth noting that availability may vary by region.
Binance Loans (Flexible Rate) allows users to collateralize cryptocurrencies from their existing Simple Earn Flexible Products subscriptions to complete loan orders. This open-term loan product offers flexibility without committing to a specific loan term, and users can earn Real-Time APR rewards via Simple Earn Flexible Products. Loan rates are updated every minute, and users can initiate a loan order with a minimum of 1 USDT equivalent.
In contrast, Binance VIP Loan is a service tailored for personal and institutional clients, offering over-collateralized loans with competitive rates, terms, and services. This service is ideal for various objectives, including liquidity for long-term investment funds, leveraged trading, and hedging strategies.
Users can find the latest interest rates and a comprehensive list of loanable and collateral assets on the Loan Data and VIP Loan pages. For inquiries about VIP Loan, users can contact the Binance VIP Key Account Coverage team via email.
To place new Binance Loans (Flexible Rate) orders through the Binance App, users are advised to update the app to iOS v2.78.0 or Android v2.78.0, or later versions. Older app versions do not support the placement of new Binance Loans (Flexible Rate) orders.
Source: blockchain.news
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Asset management giant Vanguard has appointed Salim Ramji, a former executive at BlackRock known for his favorable stance on Bitcoin, as its new CEO. Ramji will take over from Tim Buckley, a longtime critic of Bitcoin, starting July 8.
Vanguard began its search for a new CEO in late February following Buckley’s announcement of his retirement plans. Ramji’s departure from BlackRock came shortly after he played a role in the launch of the iShares Bitcoin Trust on January 11, 2024. As the former Global Head of iShares and Index Investments at BlackRock, he was also a member of the firm’s Global Executive Committee.
Notably, Vanguard faced backlash from some of its longstanding clients in January when it opted not to offer spot Bitcoin ETFs on its brokerage platform. This decision coincided with Vanguard’s offering of the “Inverse Jim Cramer ETF.” Despite pressure, Vanguard reiterated its stance against offering spot Bitcoin products, citing a misalignment with its investment philosophy.
Ramji’s appointment as CEO raises speculation about potential shifts in Vanguard’s approach to cryptocurrency and Bitcoin in particular. However, Vanguard remains steadfast in its position, emphasizing its focus on traditional asset classes like equities, bonds, and cash as the foundation of a well-balanced, long-term investment portfolio.
Source: cointelegraph.com
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Blockchain
Ripple Renews Partnership With Morgan State University to Support Blockchain Innovators Across HBCUs
Ripple, a global payments and financial solutions provider, is intensifying blockchain education in the US through its University Blockchain Research Initiative (UBRI), renewing its $1.05 million partnership with Morgan State University to bolster blockchain innovators across America’s Historically Black Colleges and Universities (HBCUs).
Over the past six years, the Ripple UBRI has played a pivotal role in establishing a crucial foundation and learning environment for the next generation of blockchain engineers. The renewed funding provided to Morgan State will further deepen the progress achieved as a result of Ripple’s earlier grant to the university and create avenues for new programming and research opportunities for both students and faculty.
With a network of over 50 university partners spanning 26 countries, offering more than 600 new or expanded fintech courses and facilitating 1,500 academic blockchain research projects, UBRI has become the gold standard for blockchain education, research, and inclusive economic development.
Eric van Miltenburg, Senior Vice President of Strategic Initiatives at Ripple, underscored the significance of this partnership, stating, “The demand for crypto and blockchain knowledge among our next generation is growing, and the HBCUs in the UBRI network are leading the charge to ensure that this interest is nurtured and supported. We are eager to witness how Morgan State continues to empower its students and spearhead ambitious projects that will diversify the XRP Ledger ecosystem for years to come.”
Building on Past Successes:
Since its inception in 2018, the partnership between Morgan State and UBRI has expanded its technological capabilities, set new standards for academic excellence, and fostered an environment of innovation. Notable achievements include the establishment of innovative programming such as the student-led MorganHacks, which attracted approximately 150 students from seven HBCUs this year and featured an XRP Ledger (XRPL) workshop and Finance Challenge Statement from Ripple. The winning project, CarbonKarma, utilizes decentralized, community-driven incentives to reward travelers for opting for sustainable options.
Looking Ahead:
With the latest grant, Morgan State aims to amplify its efforts, engage other HBCUs, and combine collaborative research with real-world applied learning opportunities to cultivate a pipeline of diverse, skilled, and highly trained professionals ready to excel in enterprise blockchain jobs. Proposed activities include cutting-edge research initiatives intersecting blockchain, artificial intelligence (AI), and machine learning (ML), XRPL development workshops and programs, and an annual national blockchain and fintech conference.
Ali Emdad, Ph.D., Interim Dean for the Earl G. Graves School of Business and Management and Director of the National FinTech Center at Morgan State, expressed gratitude for Ripple’s ongoing support through the UBRI grant, highlighting its transformative impact on Morgan’s National FinTech Center programs and its role in fostering an inclusive and creative educational environment.
Integrating New Technologies:
At the core of the partnership with UBRI is Morgan State’s National FinTech Center, serving as the hub of the HBCU Blockchain and FinTech Network. With the establishment of the National Center for the Study of Blockchain and FinTech Operations and the renewed UBRI grant, Morgan State aims to advance a cross-disciplinary approach that deeply integrates data analytics, AI, and ML into blockchain research and education.
Shaping the Future:
As blockchain continues to flourish within academia, UBRI remains committed to expanding its support for cutting-edge research, technical development, and innovation in blockchain and crypto on campuses worldwide. The renewed partnership with Morgan State will contribute to cultivating a new generation of leaders equipped with the knowledge and skills to navigate the evolving digital economy, ensuring that HBCUs remain at the forefront of innovation in finance and technology.
Source: thefintechtimes.com
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