Crypto's Unstoppable Surge Defies Government Crackdown [89]

As authorities ramp up efforts to curtail the industry, big names like Robinhood, Phantom, and Google Cloud forge ahead, proving that crypto's decentralized nature is truly unstoppable.

As governments around the world double down on their attempts to curtail the growth of the crypto industry, you'd think that the stormy seas would scare away any would-be sailors. But instead, we're seeing some major players throw their weight behind this unstoppable technology, putting their reputations on the line to ensure the future of decentralized finance.

Take Robinhood, for instance. They just launched "Connect," a feature that links their platform with Web3 wallets and decentralized applications (dApps) in a way that even your grandma could figure out. It's almost like they're thumbing their noses at the big banks and regulators, saying, "Yeah, we know you don't like it, but we're forging ahead anyway."

Then there's Phantom, a wallet that initially focused on the Solana blockchain, now branching out to support Ethereum and Polygon. This move is like a big neon sign saying, "We're all in this together, and we're not going anywhere!" The industry is clearly pushing for inclusivity and interoperability, reducing barriers for users and ensuring that the unstoppable growth of crypto continues.

Solana Labs is also joining the fray by developing a ChatGPT plugin that allows AI to read and interact with blockchain data. This is like saying, "Hey, we're not just going to survive; we're going to thrive and make this tech even cooler." It's a testament to the innovation and perseverance of the crypto space.

And let's not forget Google Cloud, a heavyweight in the tech world, expanding its startup program to include Web3 projects and firms. If Google is willing to put its reputation on the line to support these decentralized upstarts, then it's clear that crypto isn't just a passing fad; it's here to stay.

So, as we watch these big names throw caution to the wind and embrace the future of decentralized finance, it's clear that the government crackdowns can't stop the march of progress. The unstoppable force that is crypto continues to gain momentum, defying the odds and proving that no amount of systemic state risk can bring it down. As more and more companies stake their reputations on these innovative technologies, we can look forward to a future where financial freedom and decentralization are the new norm.

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Media Appearances this week

I spent some time with Ian Freeman and company on the first hour of Free Talk Live, which you can view on Odysee or my Telegram channel.

Additionally! my work on The Merge is starting to roll through the channel. Just today, a piece on CBDCs dropped.

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Blockchain Bulletin

• Robinhood launches ‘Connect’ to allow users to find their Web3 wallets and dapps. Commission free stock trading platform Robinhood launched “Connect,” which allows users to easily fund their Web3 wallets and DeFi apps directly from its platform without leaving their apps, reported Decrypt.

• Solana-focused wallet Phantom plans to add support for Ethereum and Polygon. The Solana-based crypto wallet Phantom announced plans to add multichain support for Ethereum and Polygon on its browser, iOS and Android on May 1, reported TechCrunch.

Blockchain Behind the Scenes

• Solana Labs builds ChatGPT plugin that allows AI to read blockchain data. The company behind the Solana blockchain, Solana Labs, has announced a plugin for ChatGPT that will allow users to fetch information from Soalana and use it in the AI chatbot.

• Google Cloud opens startup program for Web3 projects and firms. Google Cloud has opened up its startup program for Web3 startups and firms with additional resources, grants and funds that will provide them cloud credits and educational resources.