🤨 PayPal Rebranded.. If You Can Notice

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Hey Waivly Crew! 🌊 In today’s edition, we’ve got a variety of topics to explore.

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Here’s what’s on the horizon today:

• New PayPal logo drops iconic blue wordmark

• YouTube announces new AI tools for its creators

• Donald Trump becomes first president to pay in Bitcoin

• Introduction to Blockchain Technology

• Silvergate Capital files for Chapter 11 bankruptcy

Let’s dive in!

STORIES MAKING A SPLASH

^_TECH
New PayPal logo drops iconic blue wordmark

PayPal has unveiled a new logo, designed by Pentagram, marking a shift from its iconic blue tones and slanted letters to a simpler, black wordmark. The company claims the change sets it apart from other fintech brands, which often use blue. The new design, however, has been met with mixed reactions due to its plain appearance compared to previous versions.

Pentagram justifies the update with a focus on corporate synergy, revealing that when colors are used alongside the wordmark, overlapping blues represent PayPal and Venmo. The rebrand also introduces a custom typeface, PayPal Pro, inspired by Futura and based on LL Supreme.

Though the new wordmark has been in use since early this month, it will officially launch alongside the new PayPal debit card and an ad campaign starring Will Ferrell.

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^_AI
YouTube announces new AI tools for its creators

YouTube is embracing AI to help creators make videos more efficiently. At its "Made on YouTube" event, the platform introduced several AI-driven features, including an Inspiration tab in YouTube Studio. This tool suggests video ideas, titles, thumbnails, outlines, and even first lines, making content creation faster and more strategic.

Another key feature is Veo, an AI model from DeepMind, now integrated into YouTube Shorts. Veo powers "Dream Screen," an AI-generated background tool, and allows creators to produce six-second video clips using AI. These clips are edited directly in the Shorts editor and marked with SynthID to indicate they’re AI-generated.

These features will gradually roll out later this year, alongside an expanded auto-dubbing tool that supports more languages, enhancing YouTube’s accessibility for creators worldwide.

WEB3 SPECIAL

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Donald Trump becomes first president to pay in Bitcoin

Donald Trump made history as the first former U.S. president to use Bitcoin in a transaction during a visit to a New York City bar known for accepting the cryptocurrency. On September 18, Trump used Bitcoin to buy hamburgers at the bar, an event that was covered by Trump’s Truth Social account and attended by BTC advocate Anthony Pompliano.

This appearance followed Trump’s announcement of a new token through the World Liberty Financial platform, run by his family. Despite previously dismissing Bitcoin as a “scam,” Trump is now supporting BTC miners in his 2024 campaign and has spoken at the Bitcoin 2024 conference.

A video from the event showed Trump handing out “crypto burgers” to attendees. It’s unclear if the Bitcoin transaction was processed through the Lightning Network, as Pubkey’s marketing staff did not confirm this detail.

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Introduction to Blockchain Technology

Blockchain is revolutionizing how we track ownership and transactions 🚀 It ensures transparency, security, and trust by recording everything on a secure digital ledger

Explore the basics of blockchain now at Learn.Waivly.com!

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Silvergate Capital files for Chapter 11 bankruptcy

Silvergate Capital Corporation, the parent of crypto-friendly Silvergate Bank, filed for Chapter 11 bankruptcy in Delaware, listing assets between $100-$500 million and liabilities of $10-$50 million. The filing includes two affiliates: Silvergate Liquidation Corporation and Spring Valley Lots LLC.

Silvergate’s reorganization plan aims to fully pay high-priority claims like administrative fees and secured loans, while canceling common stock claims and securities lawsuits. Preferred stockholders would receive partial payments, and debts between internal companies would be reinstated.

The bankruptcy follows Silvergate's shutdown 18 months after facing liquidity issues. The bank blamed rising interest rates and regulatory scrutiny, especially after FTX's collapse. In July, the SEC sued Silvergate for allegedly facilitating fraud at the failed exchange.

SAIL INTO A NEW CAREER

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Waivly Work Highlights

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👩‍💻 Financial Controller at ANKA

👩‍💻 Chief of Staff at Alpaca

THE WAVES

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