Bankless provides information and resources related to cryptocurrency and DeFi (decentralized finance) through articles, podcasts, and newsletters. The content serves to educate readers about various aspects of the crypto space, including guides on specific platforms and token governance.

Bankless

Bankless | 12,291 followers on LinkedIn. It’s time to break up with your bank, and build your crypto, NFT, and web3 know-how with #Bankless. | It’s time to break up with your bank, and join the movement for sovereign finance. Build your crypto know-how with #Bankless.

Bankless is where we explore the frontier of crypto money and crypto finance.

Founder at Bankless

Ryan Sean Adams

Business Development @ Bankless | M.B.A.

Nick Shaheen

Georgetown MBA | Leading change and high-performing teams | Sustainability enthusiast

Kaitlyn M. Smith

Founder & CEO, Overpriced Media

Carly Reilly

Detroit Set to Accept Crypto Tax Payments The Michigan city is the largest in the U.S. to support crypto payments for paying city fees and taxes. Crypto's regulatory support is growing. Detroit is set to become the largest U.S. city to accept cryptocurrency payments for taxes and other payments, following an announcement from the city's mayor. What's the Scoop? -- Crypto Payments: On Thursday, city officials revealed that Detroit residents will be able to pay taxes and other city fees with cryptocurrency through a platform managed by PayPal. -- Implementation Timeline: This new payment option is expected to be available by mid-2025. Bankless Take: Detroit is now the third city in the U.S., joining Williston, North Dakota, and Miami Lakes, Florida, to accept crypto-based payments. Other major cities, like Miami and New York City, are exploring similar initiatives. Beyond crypto payments, Detroit is also welcoming entrepreneurs to propose blockchain-based civic applications. This move marks yet another promising step toward establishing the U.S. as a powerhouse in the crypto space.

In a world where everyone's pessimistic about the future. Crypto brings optimism. It's our greatest export. And it's how we'll bring crypto to the masses.

BlackRock's Spot Bitcoin ETF Sets Record-Breaking $B in Volume With renewed optimism about Trump’s crypto-friendly stance, investors are eyeing Bitcoin’s future with new-found enthusiasm. What’s the Scoop? 💰 Record-Breaking Volumes: On election day, BlackRock ’s spot #Bitcoin ETF saw an astonishing $4 billion in trading volume, mainly from heightened interest from investors. 🇺🇸 Crypto-Friendly Hopes: With anticipation that Trump might foster a more crypto-friendly regulatory environment, enthusiasm for Bitcoin is gaining momentum. Bankless Take: While Trump has voiced support for crypto, the president-elect still has months before taking office and enacting any changes. Many in the crypto space are awaiting Gary Gensler’s potential removal and clearer regulatory guidelines. But let’s keep in mind that past presidential campaigns have made bold promises that didn’t always translate into immediate action. The crypto community remains hopeful but cautious.

Crypto-Friendly Candidates Sweep Into Office So far, in the House and Senate, the election of pro-crypto candidates outweighs those with anti-crypto positions. What’s the Scoop? -- House Gains: 253 pro-crypto candidates won seats in the U.S. House of Representatives, while 115 candidates expressing anti-crypto positions were elected. -- Senate Gains: The Senate saw 16 pro-crypto candidates elected, with 12 anti-crypto candidates securing seats. -- Majority of Races: In total, across the U.S, pro-crypto candidates have been elected in 45 out of 50 states, with some races still concluding. Bankless Take: Yesterday is shaping up to be a crypto sweep as the majority of elected officials bring pro-crypto or crypto-friendly policy positions with them to office. While a few key races, such as in Arizona, Michigan, and Nevada Senate, are still wrapping up, this wave of supportive officials could signal a critical juncture for our industry in the U.S. For the first election where crypto has ever really been on the ballot, these results appear truly historic.

Which way will the first crypto election go? Join us tomorrow at 9am EST for a livestream breaking down the results with Alex Thorn Set a reminder 👇 https://lnkd.in/en4iivjB

Michigan Joins the Growing List of States Investing in Crypto with $10M in Ethereum ETF Holdings Strap in. Michigan is set to join the list of states like Florida and Wisconsin, who are setting aside a good amount of money to invest in crypto. What’s the Scoop? Michigan Pension Funds: The Michigan pension fund disclosed that they hold over $10M worth of Ethereum ETF Holdings, the first state pension fund to do so since the Ethereum ETFs went live. Other Holdings: The Michigan Retirement System also previously reported $7 million in Bitcoin ETF investments, showing its ongoing interest in digital assets. Bankless Take: While Michigan’s crypto investments may seem small relative to the total pension fund, it’s exciting to see states becoming more willing to allocate funds toward the crypto space. Just last week, Florida announced a significant crypto investment, with their CFO expressing bullish sentiment. Michigan’s position, particularly its larger investment in ETH over BTC, is notable. Is Michigan showing a preference for Ethereum? Time will tell, but this move hints at a growing confidence in crypto’s long-term potential.

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Florida announced that it holds over $800M in crypto-related investments Florida's CFO, Jimmy Patronis, appeared on CNBC today, revealing that the state has started making significant investments in the crypto space and now holds some $800 million in crypto-related investments. What’s the Scoop? -- Seeking Optimal Returns: During the interview, Patronis emphasized that cryptocurrency is here to stay. He wants Florida’s investment team equipped with every tool available to maximize returns. -- Growing Interest: Patronis noted that Floridians' interest in cryptocurrency surged after the Bitcoin conference in Miami in 2020, underscoring the event’s impact on the state’s crypto engagement. Bankless Take: Though crypto-related investments are still a small portion of Florida's overall portfolio, it's encouraging to see the state recognize crypto’s potential for positive impact. Patronis is notably bullish on the space; he even suggested that Florida consider allocating a portion of its pension funds into cryptocurrencies. Wisconsin, for instance, reported in May that it holds approximately $163 million in spot Bitcoin ETFs. As more states consider crypto investments, this could be a positive step for the industry and might even address underfunded pension issues across states like California.

Visa and Coinbase are partnering for faster debit crypto purchases Coinbase is partnering with Visa to integrate Visa Direct. This integration allows Coinbase users with Visa Debit Cards to buy and sell cryptocurrencies directly on the exchange with real-time transactions. What’s the Scoop? -- Visa Direct: The standout feature is real-time transactions. Unlike users with non-Visa cards, Visa debit cardholders can access instant transfers, making the crypto experience smoother and faster. -- Why Visa? As one of the world’s largest card issuers, Visa has been steadily expanding into the crypto space through collaborations with major players like Crypto.com and Solana. This new partnership with Coinbase highlights Visa's continued commitment to Web 3.0. Bankless Take: While this may not sound groundbreaking at first glance, it’s a big leap toward onboarding more users into Web 3.0. This collaboration not only streamlines payments on Coinbase but also brings another significant financial name into the crypto ecosystem. By partnering with Visa, Coinbase is likely hoping to attract newcomers to crypto, providing an easier way to access and engage with on-chain opportunities.

$2,000 ETH: ETH is dead $3,000 ETH: The rollup-centric roadmap was a mistake $4,000 ETH: Rollups are parasitic $5,000 ETH: Rollups are symbiotic $6,000 ETH: Vitalik was right $7,000 ETH: AI's prefer ETH $8,000 ETH: ETH is the future $10,000 ETH: ETH is money

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