Tag: Crypto Education

New York Mayor Says Cryptocurrencies Should Be Taught In Schools

by NEWSBTC

New York Mayor-Elect Eric Adams recently won the mayoral race for the city. On November 3rd, Adams became the second black man to be elected as mayor in the city of New York. The win was momentous in itself but Adams’s comments and stance on cryptocurrencies, bitcoin, in particular, have been what has pushed him into the limelight in recent days.

The mayor-elect had made the news days after his election when he said that he planned to receive his first three paychecks in bitcoin. This was in response to Miami’s Mayor Francis Suarez’s comment that he was going to receive a paycheck in bitcoin.

Related Reading | New York Mayor-Elect Will Take Bitcoin For First Three Paychecks

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Adams has always been open with residents about his plans for the city when it comes to crypto. According to the mayor, he was working towards making New York the crypto hub of the nation, and now, the mayor-elect has revealed another approach to helping residents become more literate when it comes to cryptocurrencies.

Teaching Cryptocurrencies In Schools

Mayor-elect Adams was on CNN’s “State of the Union” to talk about his plans for the future. Adams is yet to be sworn into office and it’s likely that this will take place in 2022. However, this has not stopped the mayor from taking action on policy changes.

The mayor told CNN that he was usually stopped by young people who asked him what bitcoin and blockchain technology was. Adams saw this as a problem bred out of a lack of education and put forward that it was time that schools started teaching about cryptocurrencies in schools. “That’s what we must do, open our schools to teach the technology and teach this new way of thinking.”

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Teaching cryptocurrencies in schools is not a novel idea. A number of high schools and colleges have added cryptocurrency classes into their curriculums to help educate the young generation about the space and the technology behind it. Although what the crypto-friendly mayor Adams is proposing is on a much wider scale. Basically that cryptocurrencies should be taught in all schools.

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Crypto market cap surges past $2.8 trillion | Source: Crypto Total Market Cap on TradingView.com

Putting New York At The Forefront

One of Adams’s goals for the city going forward is to make it a strong contender for Miami, which is currently one of the most crypto-friendly states in the nation. Mayor Suarez has successfully attracted a number of miners and blockchain businesses to the city through crypto-friendly laws and Mayor Adams wants to do the same. For Adams, cryptocurrencies are the future and New York needs to get on the train.

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The Democrat also talked to CNN about the possibility of accepting bitcoin payments in the city. Although the mayor-elect did not definitively say that the city would begin implementing crypto payments, he explained that the option would be explored. “We are going to look at it, and we are going to tread carefully. We are going to get it right,” said Adams.

Featured image from New York Post, chart from TradingView.com

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Crypto College? Ivy League Institution Partners With Coinbase To Enable Digital Asset Payments for Blockchain Curriculum

by Dailyhodl

Universities around the US are starting to pay attention to the rapid adoption of digital assets as crypto continues to steal the spotlight from the traditional financial landscape.

Today, the Aresty Institute of Executive Education at the Wharton University of Pennsylvania announced its partnership with the crypto exchange giant Coinbase to allow students to pay for a blockchain-focused curriculum.

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Developed in partnership with leading blockchain economic consulting firm Prysm Group, the university’s six-week Wharton certificate program is designed for business and technology professionals seeking a crash course in blockchain and digital asset economics.

Students who participate in the program will reportedly be able to pay the tuition fee in cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and the USDC stablecoin, a first for any Ivy League institution or US business school.

Some of the program’s key highlights include fundamental token valuation, case studies, and over 50 program lectures from Wharton faculty and industry experts.

Wharton professor Kevin Werbach acknowledges that crypto is here to stay and says that he wants students to be able to take advantage of this emerging asset class.

“Blockchain and digital assets are not going away. We hope to equip business leaders, consultants, and entrepreneurs to identify the value drivers of these innovative technologies and to give them the practical understanding to build solutions.”

Dr. Cathay Barrera of Prysm Group stresses that she wants this program to keep economics at the forefront of crypto education.

“From folks interested in learning how to assess and evaluate existing blockchain networks, applications, and digital assets to those looking to develop their own solutions utilizing the unique features of blockchain, this program focuses on the technology’s most overlooked principle: its economics.”

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El Salvador’s Legislative Assembly Green Lights The $150 Million Bitcoin Trust

by NEWSBTC

The Legislative Assembly of El Salvador has issued legislation on the approval of a $150 million Bitcoin Trust. In addition, they passed legislation supporting crypto services and infrastructure development across the entire country.

They passed the bill on August 31, and 64 officials voted in support, while 14 opposed the creation of the Bitcoin Trust. The Trust aims to enhance BTC to U.S. Dollars conversion and support the essential technological infrastructure. This will enable the widespread adoption of digital assets.

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The government of El Salvador has mapped out $23.3 million for establishing crypto ATMs. They have also set aside $30 million for incentivizing the use of Chivo, the state-backed wallet.

Bitcoin To Be Used As Legal Tender

The news came just a week preceding the set implementation time for the controversial Bitcoin law of the country. The legislation will recognize BTC as legal tender across the Country by Sept. 7. The country currently uses U.S. dollars as legal tender. Bandesal, the Development Bank of  El Salvador’s was appointed to manage the Bitcoin Trust operation.

El Salvador plans to redirect the $150 million from their $500 million loans with (CABEI)Central American Bank for Economic Integration. They took the CABEI loan for economic recovery for medium and small-scale businesses.

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In addition, the government will channel $23.3 million of the funds to support the establishment of government-approved crypto ATMs. This will allow the residents to exchange Bitcoin for USD and verse versa.

Moreso, $30 million was also mapped out for incentivizing the citizens to continue adopting Chivo, the Government’s digital wallet.

Statement From The President

President Nayib Bukele announced that the government would airdrop $30  Bitcoin to all Salvadoran adults who download Chivo wallet. He added that the country’s population is 6.5 million, which is high enough.

This suggests two things; the first is that the government thinks Bitcoin adoption will be less. The second option is that they are yet to allocate enough Bitcoin that will go round.

Related Reading | Cream Finance Plans To Repay The Stolen Funds To Its Users

Today in related news, Koibanx announced that it signed an agreement with the El Salvador government on cryptocurrency infrastructure. The deal is to develop the county’s infrastructure on digital currency with Algorand’s open-source blockchain.

Many citizens of El Salvador, including people from international organizations, have been skeptical about El Salvador’s Bitcoin Law. The law has also witnessed some critics too.

El Salvador Legislative Assembly Green Lights The $150 Million Bitcoin Trust

El Salvador Legislative Assembly Green Lights The $150 Million Bitcoin Trust


BTC is on the verge of breaking the $50K barrier | Source: BTCUSD on TradingView.com

Maria Luisa Hayém Brevé, the country’s Minister of Economy, has stated that the government focuses on crypto education. She added that they use crypto incentives to complement the high rate of uncertainty among their population.

Featured image from Pixabay, chart from TradingView.com

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Students in Georgia set to be taught about crypto at high school

by Cointelegraph

The Georgia House of Representatives has passed a bill that calls for state education officials to implement a study program based around financial literacy for high schoolers — and cryptocurrency is on the curriculum list.

The bill passed the lower chamber of Georgia on March 8 by a vote of 169-2. The bill was sponsored by six Republican candidates and has been sent to the Senate for further deliberation. The program outlines 16 areas of financial literacy to be studied by students in the tenth or eleventh grade.

The bill’s text states:

“The State Board of Education shall prescribe a program of study in personal financial literacy to be completed by students during high school.”

Cryptocurrency has found itself on the list, along with more traditional subjects such as balancing a checkbook, investing, money management, loan applications, and tax assessments.

However, given crypto’s lowly position at number 16 out of 16 subjects, it may not be the most comprehensive overview. But at least it’s a start.

Georgia’s bill is not the first time cryptocurrency has been included in a high school curriculum. Back in 2019, the French education ministry implemented a Bitcoin and cryptocurrency module to its high school curriculum.

The module was designed to give students a basic knowledge of cryptocurrency in relation to the traditional financial world. The module pushed students to answer questions such as “Is Bitcoin the currency of the future?”, “Can Bitcoin replace the Euro?” and “Do you have trust in your currency?”.

And showing it’s never too early to learn about crypto, on International Women’s Day a three-year-old Bitcoin educator spoke at the online Women of the Future crypto and blockchain conference. The young educator, Lily Knight, previously went semi-viral in the crypto world after releasing a video about Bitcoin’s limited supply using Skittles candy for visual representation.