The sixth most populous city in the US is still accepting applications for a guaranteed income pilot program that was launched months ago. Philly Job Bank, a guaranteed income pilot program that was unveiled in Philadelphia in June, has 139 slots available, reports public radio station WHYY-FM. “Only 111 of 250 spots have been filled as […]
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Coinbase chief executive Brian Armstrong thinks crypto is the best payment rail option in the world. While speaking at a Goldman Sachs conference this week, Armstrong notes that Base, Coinbase’s layer-2 Ethereum (ETH) scaling solution, has reduced global transaction confirmation times to under one second and transaction fees to less than $0.01. The Coinbase CEO […]
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A new study that focused on the personality traits of crypto investors reportedly suggests that digital asset owners are more likely to exhibit psychopathic tendencies. Researchers at the University of Toronto and the University of Miami polled 2,001 American adults to explore the psychological profile of crypto holders, reports Bloomberg. About 30% of the respondents […]
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A city on the West Coast is preparing to roll out a new guaranteed income pilot program. The Pomona Household Universal Grants (HUG) Pilot Program is a one-and-a-half-year project giving $2.376 million to selected parents near Los Angeles. The program will pick a total of 600 applicants that will be separated into two cohorts. For […]
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Former president Donald Trump continues to bill himself as the crypto-friendly candidate in a bid to secure donations from the digital asset sector. Trevor Traina, a tech executive, tells Reuters that Trump said “he would be the crypto president” at a recent San Francisco fundraiser. Traina previously served as the US ambassador to Austria during […]
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JPMorgan Chase is reportedly preparing to launch a biometric payments system for the masses. The banking giant is preparing a “broad rollout” of an authentication system that will allow retail shoppers to pay with their face or palm next year, reports American Banker. The system is the result of two pilot projects with the California-based […]
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Roughly 6.8% of the global population now holds crypto assets, according to digital currency payment company Triple-A. In a new report, Triple A says the number of people who own cryptocurrency is now 562 million, up by about 34% from 420 million in 2023. Of the countries worldwide, the United Arab Emirates has the highest […]
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Circle CEO Jeremy Allaire says he has his eye on a crypto use case that could be the tech that sparks mass adoption of blockchain and digital assets. In a new interview on Bankless, Allaire says that the “general payment utility” that stablecoins allow for is likely the most important use case for bringing the […]
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After three years of planning, a US city is reportedly a few months away from kicking off a family-focused guaranteed income program. Pomona, California’s Flourishing Families is an 18-month, $2.25 million project that seeks to support young parents who are going through financial struggles, reports local news outlet the Daily Bulletin. First proposed in 2021, […]
The post $2,250,000 To Be Handed Out With No Restrictions As US City Launches Latest Guaranteed Income Experiment appeared first on The Daily Hodl.
One of the biggest cities in the US is preparing to hand $1.3 million to families who are struggling to pay their bills. The cash will be given with no strings attached to lower income families who qualify in Austin, Texas, reports the ABC-affiliated news station KVUE. The city council approved the program on Thursday, […]
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