#CreatorPad Today in crypto, World Mobile launches drone-based network to provide 5G service, Unicoin CEO says US banks continue closing accounts for crypto firms under “Operation Chokepoint.” Meanwhile, Vitalik Buterin is an onchain billionaire again.
World Mobile launches aerial drone network for telecommunication
World Mobile, a decentralized physical infrastructure network (DePin) for telecommunications, launched a new initiative with Indonesian telecom firm Protelindo to provide 5G wireless service through drone-based platforms.
The project, called World Mobile Stratosphere, uses hydrogen-powered drones, deployed at 60,000 feet in the stratosphere, to provide wireless coverage, Charles Barnett, the chief business officer of World Mobile Group, told Cointelegraph.
World Mobile Stratospheric aims to expand wireless coverage to dead zones and underserved areas that are ignored by larger telecom players by beaming data directly to individual devices.
The atmospheric and satellite-based communications sector continues to grow as these solutions present a way to provide online infrastructure for billions of individuals lacking an internet connection.
Crypto debanking is ‘still occurring’ as banks stick to Chokepoint policies
Crypto firms have been facing account closures and denials of banking services for years under the label of de-risking. Many in the crypto industry believe that the debanking represents a policy-driven effort to suppress digital assets, referred to as “Operation ChokePoint 2.0.”
After President Donald Trump’s pro-crypto team won the election, many believed the era of debanking was over. His campaign rhetoric and early policy moves signaled a friendlier environment for digital assets, leading some to expect banks would ease restrictions on crypto clients.
However, recent incidents suggest the practice remains entrenched. Last week, Andreessen Horowitz partner Alex Rampell warned that big banks are squeezing fintech and crypto apps in “Operation Chokepoint 3.0,” by hiking fees to access account