Greetings, SBLOCK users and customers! We know it’s been a while since our last update, but rest assured, we’ve been hard at work on exciting projects behind the scenes. The Fin-Tech industry is evolving rapidly, and we’re here to ensure that we keep growing alongside it.

Crypto Moving in the Right Direction

Recent developments in the regulatory landscape have signaled a potential shift toward greater institutional adoption of Bitcoin and digital assets. As the U.S. explores regulatory reforms, the industry must remain vigilant and adaptable.

Additionally, major lawsuits involving companies like Coinbase, Consensys, Binance, and Tron have either been settled or dropped, marking a pivotal moment in the crypto space. These legal outcomes suggest a new chapter for blockchain adoption, with regulatory clarity potentially paving the way for broader acceptance and innovation.

Growth and Expansion at SBLOCK

While we’ve been busy with projects, we recognize the importance of keeping you informed about our progress. The great news is that we are growing! Our assets have increased in value, and our company continues to expand. To support this growth, we are actively hiring, with a focus on strengthening our team and enhancing our ability to keep you updated with the latest industry insights.

As always, we appreciate your support and trust in SBLOCK. Stay tuned for more updates, and if you’re looking to be part of an innovative team shaping the future of crypto and the future of financial technology, contact us, we’d love to hear from you!

Stay connected, stay informed, and keep moving forward with SBLOCK.

The SBLOCK Team

China continues it’s rise to power as BRICS leaves the IMF and WTO.  To date, China has sold off 39% of U.S. treasury bonds.  For the last 10 years China has steadily lowered it’s U.S. treasury holding and at this point China’s holdings is 39% off it’s high.

As of 2024, the United States has the largest economy in the world, with a nominal GDP of over $26 trillion. China is the second-largest economy, with a GDP of around $19 trillion. However, when measured by purchasing power parity (PPP), China surpasses the U.S., reflecting differences in cost of living and inflation rates between countries.

As of 2024, the purchasing power parity (PPP) GDP for the two largest economies is as follows:

• China: Approximately $33 trillion USD (PPP)
• United States: Approximately $27 trillion USD (PPP)

PPP adjusts for price level differences across countries, providing a more accurate comparison of the economic productivity and living standards between countries. This metric shows that China, despite having a lower nominal GDP, has a higher PPP GDP due to the generally lower cost of goods and services in China compared to the United States.

Paxos recently received approval to offer digital payment services from Singapore.  Paxos is a private company that offers Blockchain infrastructure to enterprises.  They were the ones responsible for issueing the PayPal stablecoin.  Paxos also issues Pax Gold, a digital token backed by physical gold.  They believe it’s the safest way to own investment-grade physical gold.  Paxos also have a U.S. Dollar stable coin called USDP, available on Ethereum and Solana.  Paxos is one of those companies doing big things to advance the cryptocurrency space.

Nayib Bukele has apparently won his second term as president in a landslide victory.

Nayib Bukele Wins El Salvador’s 2024 Election – Twitter.com

Keeping it simple apparently El Salvador love their Crypto President.  Bukele has been in the for front of the news for cracking down and violence in El Salvador and using Bitcoin as a legal tender.  The eyes of the world are on El Salvador for standing behind the drastic measures taken to ensure safety and security both physically and financially.   Many are  ht

Sblock has officially cease to recommend Trust wallet to their customers. We have noticed discrepancies with transactions on Trust Wallet. Some Transactions simply don’t show up. While the balance in the wallets seem to be accurate, we have notice that both incoming and outgoing transactions simply don’t show up in the history. At this moment we no longer recommend Trust Wallet is a good means of monitoring your cryptocurrency transactions.

Chase will benefit from the acquisition of smaller banks and failing banks like First Repbulic and they have the cash on hand to buy a lot more.  They will gain access to new markets and customers and all those customers will be able to use FedNow, the federal government’s real-time payment system.  This all part of operation chokepoint 2.0.  There is an inherent danger with having too few banks to choose from.  This is how cartels are formed.    SBLOCK is keeping up with the events as they unfold and will provide guidance to our clients and customers.

There is a resolution ‘Expressing support for the Bitcoin economy in Texas‘.  This comes at a time when it seems like a lot more banks are going fail.  This declaration from Ron Desantis that there will be no CBDC in Florida seems all so well timed, as if they all know something we don’t know.

At sblock we were excited when Silvergate bank started taking customers.  We were one of the first to fill out the online application to join.  Then they informed us that we needed to deposit $1 million USD to open an account.  That for us was a red flag, and we changed our minds.  Why would a company force you to deposit a million dollars when the FDIC will only cover $250,000, we thought.

The latest bitcoin rally and the rash of banks going out of business are related. It may be as simple as people are just looking for a place to put their money but either way it says a lot. We’ve never thought bitcoin, the blockchain or cryptocurrency needed banks to be successful. In fact banks in there traditional form banks are in direct competition with cryptocurrencies. The banks that try to control cryptocurrencies and the blockchain industry will fail. The ones that understand that the ideas behind the blockchain and cryptocurrencies is simply one of those ideas ‘who’s time has come’ and embrace it will be successful. The blockchain is a great technological achievement it can continue to gain acceptance with or without the help of banks. We all know that largest economies in the world are still adverse to cryptocurrencies all while most have already implemented a digital currency. They are using the same technological ideas created by the blockchain developers to create their digital currency except it’s not decentralized and they control it. Who ever controls it will have a lot of power and that’s what they want. Absolute power does lead to absolute corruption. More power leads to more corruption.

It’s a new time. Be here with us as we rebrand. Don’t worry all your old posts will be coming back soon.