A US city is launching a guaranteed income pilot program that will disperse millions of dollars per year to families living below the poverty line. Billed as the “first-ever cash prescription program” in Kalamazoo, Michigan, the Rx Kids guaranteed income pilot program has allocated $10 million to help pregnant and nursing mothers financially during the early stages of a baby’s life. Selected participants will receive a one-time payment of $1,500 after 16 weeks of pregnancy and $500 every month for the first 12 months of the baby’s life. Enrollment for Kalamazoo’s guaranteed income program kicked off on February 12th. The monthly payments will stop after the baby’s first birthday. “Rx Kids is available to all City of Kalamazoo pregnant people and babies born on or after Feb. 1, 2025. Participants can sign up during pregnancy or until a child is six months of age. Cash prescriptions will start at the point of enrollment. There are no income requirements or strings attached. Families are free to spend their Rx Kids dollars as they see fit.” The Kalamazoo guaranteed income pilot program has raised $10 million so far and the amount is expected to help run the project for two years. The program was started by the Michigan State University Pediatric Public Health Initiative in partnership with Poverty Solutions at the University of Michigan. It is administered by Give Directly, a nonprofit. A similar program by the same organization was launched last year in Flint, a city located northeast of Kalamazoo. Rx Kids director, Mona Hanna, says, “When Rx Kids launched in Flint one year ago, the goal was to prove that we could successfully build an efficient and effective program to not only bolster family financial security and improve maternal and infant health outcomes, but to also share this ready-to-go program with communities across our great state.” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Millions of Dollars To Be Handed Out Per Year – No Strings Attached – As US City Launches New Guaranteed Income Pilot Program appeared first on The Daily Hodl .
Trump: Willing to Meet Again When Zelenskiy is Ready for Peace Talks
Ethereum co-founder and CEO of Consensys – Joseph Lubin – announced that Consensys and the US Securities and Exchange Commission (SEC) have reached an agreement in principle to dismiss the securities enforcement case concerning MetaMask. The case, which targeted Consensys’ popular cryptocurrency wallet, is expected to be formally closed pending approval by the agency. SEC Ends MetaMask Probe Lubin took to X to express satisfaction with the outcome and stated that while Consensys was prepared to fight the lawsuit to its conclusion, the resolution marks a positive development for blockchain software developers. The announcement follows a series of similar moves by the SEC in recent weeks. The agency has dropped its lawsuit against Coinbase and closed investigations into OpenSea, Robinhood, Uniswap , and Gemini . These actions come a month after the resignation of SEC Chair Gary Gensler on January 20. Under Gensler’s leadership, the Commission adopted an aggressive approach to cryptocurrency regulation and claimed that most digital tokens should be classified as securities. The regulatory stance resulted in multiple legal actions against crypto firms, with the securities watchdog accusing them of offering unregistered securities. However, since Gensler’s departure, the SEC has rapidly shifted course, backing away from several high-profile cases. Lubin Welcomes SEC’s Shift According to Lubin, the company’s lawsuit against the SEC, which aimed to prevent Ethereum from becoming a target of enforcement actions, was a significant factor in the agency’s decision to halt its investigation into Ethereum. Lubin described each legal and policy victory as an important step toward building a better financial system and internet infrastructure. Looking ahead, Lubin expressed appreciation for the SEC’s new leadership and the agency’s apparent shift toward a more “pro-innovation” and “pro-investor” stance. “We will remain deeply engaged with public and private policymakers going forward. Crypto wants the U.S. to address the best interests of consumers and businesses alike, and we are already on our way to making that happen. Now we can get 100% back to building. 2025 is going to be the best year yet for Ethereum and Consensys. The paradigm shift to a much more decentralized world is accelerating.” The exec had previously criticized the SEC for what he termed an “abuse of power” after Consensys was forced to lay off 20% of its workforce in October last year due to macroeconomic challenges as well as significant legal costs incurred during the extended regulatory battles. The post Consensys and SEC Reach Agreement to Dismiss MetaMask Securities Case appeared first on CryptoPotato .
Bitcoin price bounced back and moved above the key resistance level of $84,000 after tumbling to a multi-month low of $78,200 on Friday. Bitcoin’s ( BTC ) rebound coincided with a recovery in U.S. equities, which pared back earlier losses. The Dow Jones index rose 165 points, while the Nasdaq 100 gained 80 points. A potential catalyst for the recovery was news that BlackRock maintained its bullish stance on Bitcoin this week. The world’s largest asset manager confirmed plans to allocate about 2% of its model portfolio assets to its IBIT ETF. Bitcoin also rebounded following the release of an encouraging personal consumption expenditure report in the United States. Core PCE, which the Federal Reserve closely monitors, rose 0.3% from December and 2.6% year over year, marking its smallest increase since 2021. You might also like: Here’s why Bitcoin price correction could last until April Federal Reserve officials hope inflation will continue trending toward the 2% target, which would support further interest rate cuts. However, this could be complicated by Donald Trump’s recent indication that new tariffs may take effect in March. Market analysts remain split on Bitcoin’s next price action. In an interview with crypto.news, Aurelie Barthere, principal research analyst at Nansen, predicted that Bitcoin will enter a consolidation phase following the recent crash. She explained: “We just had 4 large daily red candles on high volume after weeks of range-bound price action for BTC. After this type of “panic” selling, there needs to be a period of price consolidation with higher lows to confirm we resume higher (buyers slowly regaining confidence after having been burnt).” On the other hand, Mark Cudmore, a Bloomberg analyst, warned of further downside, suggesting Bitcoin could enter a prolonged crypto winter. He said : “The real panic may be ahead of us still. Bitcoin always has another 70%+ crash in its future, by construction. $72k-$74k would appear to be the technical crunch zone that might trigger the next crypto winter.“ Bitcoin price analysis BTC price chart | Source: crypto.news Bitcoin formed a double-top pattern at $108,532, with its neckline positioned at $89,000. The distance between the double-top and the neckline was 18%. Applying the same distance from the neckline sets Bitcoin’s target at approximately $72,850, aligning with its highest level from March 2023. A drop to this level could be a bullish signal, marking the completion of the break-and-retest chart pattern. You might also like: Bitcoin price to crash and rebound after Lunar Eclipse, astrology pro predicts
Senate Democratic Leader Schumer: Trump and Vance are doing Putin’s dirty work.
Investors have pulled a record $3.3 billion from US spot-Bitcoin exchange-traded funds in February, poised for the biggest monthly exodus since they debuted, as investors sought refuge in safer assets amid rising geopolitical tensions and persistent inflation concerns.
The Ethereum Foundation’s recent establishment of the Silviculture Society marks a pivotal response to internal leadership challenges, aiming to reinforce foundational values. This initiative introduces a diverse council with members