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LG's Affiliate and Kakao’s Subsidiary Agree to a Strategic Partnership to Foster Blockchain Technology
For diversity in the application of blockchain, LG’s IT solutions affiliate, LG CNS, and Kakao’s blockchain subsidiary, Ground X are in partnership
Coinbase and Circle Add Algorand Blockchain to Multi-Chain USDC Stablecoin Framework—Faster than Ethereum
Coinbase and Circle Centre Consortium have expanded USDC from Ethereum to Algorand’s blockchain as part of its multi-chain USDC framework.
CoinMarketCap Users Says Exchange Rankings Make No Sense
CoinMarketCap is a renowned cryptocurrency and exchange data aggregator. Recently purchased by Binance, the site is currently under fire from users who claim that exchange rankings are being manipulated.
Algorand Foundation Expands its Presence in India
Algorand worked with Hyderabad-based innovation hub T-Hub to assist companies access global financing.
Algorand Foundation Faces $35M Losses from Exposure to Hodlnaut
The losses at Algorand relate in part to exposure to Hodlnaut. The firm said it is pursuing a legal approach to recover such losses from Hodlnaut.
Algorand (ALGO) Foundation CEO's Social Media Hacked
The Algorand Foundation CEO's social media account was hacked, raising significant cybersecurity concerns in the blockchain and cryptocurrency sectors.
Exclusive: Why Sharding is a Bad Idea to Solve the Blockchain Trilemma?
In Part 2 of the interview, Fan Long shares with us the technical breakthrough of Conflux Chain, including the use of tree graph and directed acyclic graph! Long also compares Conflux Chain with competitors like Algorand and he explained to us why sharding is a bad idea to solve blockchain trilemma!
Algorand CEO Steven Kokinos Steps down, COO Takes over the Helm
Algorand CEO Steven Kokinos is departing the company to pursue another business opportunity elsewhere. Sean Ford is taking over as interim CEO effective immediately.
FIFA Club World Cup 2023 Partners with Modex for Exclusive NFT Collection Launch
FIFA Club World Cup 2023™ combines football and digital tech with FIFA+ Collect's exclusive NFT series, partnering with Modex to enhance fan engagement and memorabilia experience.
Belgium’s FSMA Blacklists More Crypto Investment Businesses Following Customer Complaints
Belgium’s Financial Services and Markets Authority (FSMA), a body mandated with the oversight and regulation of the nation’s financial services sector, has opted to add more crypto investment businesses to its blacklist for fraudulent activities. According to an official announcement, this decision was sparked by new cries aired by customers about cryptocurrency investment offers meant to swindle them.
Algorand Initiates Voting for Expanded Governance and NFT Rewards Programs
The Algorand Foundation is voting on governance measures, including auto-renewal mechanisms and increased NFT rewards, amid a plummeting native token, $ALGO.
Algorand Wallets Hacked Again
Algodex warns of a security breach on March 5, while MyAlgo urges users to withdraw assets or rekey funds following a February hack.
European Commission Launches Research Unit to Investigate Algorithms Used by Big Tech
The European Commission has launched a new research unit called the European Centre for Algorithmic Transparency (ECAT) to investigate the impact of algorithms used by prominent online platforms and search engines such as Facebook and Google. The team will analyze and evaluate the AI-backed algorithms used by Big Tech firms to identify and address any potential risks posed by these platforms.
Do Kwon Suggests Terra Hard Fork to Revive Troubled Network
Do Kwon, the CEO of Terraform Labs, believes hard forking the Terra blockchain will play an instrumental role in saving the troubled network.
LG Electronics Expands Business in terms of Blockchain Technology & Crypto
As part of its expansion plan beyond home appliances, South Korean tech giant LG Electronics intends to add blockchain, cryptocurrency, and medical devices as new sectors in its corporate charter.
US Banking Giant Patents AI Fact Checker to Simplify Investing in Crypto
Capital One Services, a subsidiary of US banking giant Capital One has patented a new artificial intelligence system to guide human cryptocurrency traders through the complicated world of misinformation in the digital assets space.
Despite Crypto Market Onslaught, These Altcoins Stayed Bullish
Not all of the top altcoins saw a plunge in their value in the Week-to-Date (WTD) period and here are three of the most resilient coins which printed good growth amid a sweeping bearish slump.
Golden Gate University Establishes Blockchain Law for Social Good Center to Aid Regulation
The Golden Gate University School of Law has teamed up with Algorand Foundation to set up Blockchain Law for Social Good Center to eliminate regulatory scepticism.
Will Terra’s UST and LUNA Crash Cause a Shift to ‘Cryptos that have Stood the Test of Time’?
LUNA has left crypto enthusiasts' mouths agape because they could never imagine in their wildest dreams that one of the top ten cryptocurrencies could collapse to near-zero overnight.
Drone Racing League Partners with Hivemind's Playground Labs, Launch First P2E Game on Algorand Blockchain
Professional drone racing League joins the Metaverse world by launching its first game on the Algorand blockchain in partnership with Playground Labs.
Germany’s Federal Financial Regulator Warns Investors Over Bulgarian Crypto Broker
Bulgarian crypto broker, 5 Capital, has been offering financial services to investors without being approved by the Germany financial watchdog, federal financial supervisory authority (BaFin).
How Blockchain Technology is Helping to Fight the Novel COVID-19 Pandemic
Coronavirus disease has changed our lives in unprecedented ways. With the imminent lockdown caused by the virus, several reorganizations had to be implemented to keep our lives going. This brief analysis highlights some of the key ways that the application of Blockchain Technology is helping in the fight against the COVID-19 disease and pandemic.
SK Square Earmarks $1.6b to Invest in New Tech Including Blockchain
SK Square, the largest shareholder of South Korean chipmaker SK Hynix, is reportedly earmarking the sum of 2 trillion won ($1.63 billion) to invest in new technologies including chips and blockchain.
Altcoin Watch: Top 3 Tokens to Watch This Week XRP, ALGO, and COMP
With the general regressive pathway of major digital assets, here are some of the altcoins to watch this week.
LG Electronics to Roll Out Crypto Wallet
As part of plans to expand its business scope to include platforms and software, South Korean tech giant LG Electronics is launching a crypto wallet application dubbed “Wallypto.”
FIFA Launches Digital Collectibles Platform in Collaboration With Algorand
The global sports governing body of football, FIFA has launched a virtual assets platform dubbed FIFA+ Collect in partnership with Algorand Blockchain
Celsius Network Petitions Court to Consult Former CFO Rod Bolger
Crypto lending platform Celsius Network has petitioned the US Bankruptcy Court to grant it permission to re-engage Rod Bolger, its former Chief Financial Officer for resuming consultation.
MyAlgo warns users of ongoing wallet exploit
MyAlgo, a wallet provider for the Algorand network, has warned users to withdraw funds from wallets created with a seed phrase due to an ongoing exploit. The company is uncertain about the cause of recent wallet hacks and advises everyone to take precautionary measures. The exploit is suspected to have stolen over $9.2 million worth of funds, with around 25 accounts affected.
World's First National Digital Currency to Be Built on Algorand
World’s First National Digital Currency to Be Built on Algorand
Algorand Partners with Italian Economic Ministry to Advance Blockchain Initiatives
The Algorand Foundation of Singapore has signed a collaboration agreement with Fondazione Ugo Bordoni aimed at testing and advancing the groundbreaking open-source technology developed by its founder Silvio Micali.
Belgian Blockchain-Platform-as-a-Service Company Sets Foot in the Indian Market
The Indian blockchain sector is ripe for investment based on the rapid growth witnessed to the tune of at least $20 billion as this technology is being deployed in different industries. As a result, SettleMint, a Belgian blockchain-platform-as-a-service company, has revealed its penetration into the Indian market.
Presale for AltSignals new AI trading algorithm raises over $100k in 24 hours
After raising more than $100,000 in under 24 hours from their private sale, leading trading signals provider AltSignals is launching its highly anticipated public ASI token presale today (March 7th, 2023) at 12pm GMT. This follows the exciting announcement of ActualizeAI, a pioneering AI-powered trading tool that will soon be available to ASI holders. With the token providing access to the groundbreaking tool, demand is expected to be high when the presale opens.
Algorand Foundation Joins Forces with Borderless Capital, Arrington Capital, and DWF to Invest in Pera Algo Wallet
The Algorand Foundation has made a strategic investment in Pera Algo Wallet, a self-custodial cryptocurrencies wallet on the Algorand blockchain, to support various Algorand wallets, and will host a live event to discuss the partnership.
Including ALGO, XLM, and AERGO, Binance to Remove Select Spot Trading Pairs
Binance announces the removal of select spot trading pairs on March 8, 2024, as part of its ongoing efforts to optimize the trading market, protect users, and foster a healthy cryptocurrency ecosystem.
OKX Launches AI Integration for Crypto Market Volatility
OKX has partnered with EndoTech.io to utilize AI algorithms for real-time analysis of data and trading opportunities, specifically to capture crypto market volatility. This new integration follows the recent announcement of OKX expanding its services to Australia while shutting down operations in Canada.
Fintech Startup Monerium Seeks to Issue E-Money on Algorand Blockchain
The role of e-money is on the rise and continues to challenge bank deposits and cash. The recent partnership between Fintech Firm Monerium and Algorand Blockchain company presents a whole picture of the relevance of e-money as a more convenient means of payments and financial transactions.
Coinbase CEO Armstrong and Tech Giant Apple Butt Heads over Crypto and dApps
Coinbase CEO Brian Armstrong has voiced his disappointment over Apple’s lack of flexibility on decentralized applications (dApps) operating on its App store.
KuCoin Secures Over $10M in Strategic Investment
KuCoin has successfully secured over $10 million from Susquehanna International Group in a strategic investment.
Protocol Upgrade to Boost Transactions Speed & Cross-Chain Communcation Security: Algorand
Algorand said that the new protocol upgrade will boost its transactions per second (TPS) and cross-chain communication security via state proofs.
The Algorand Foundation to Integrate Chainalysis KYT for Transaction Monitoring and Compliance
The Algorand Foundation will be leveraging Chainalysis’ Know Your Transaction (KYT) for transaction monitoring and compliance processes after its integration.
Bulgarian Authorities Accuse Four Persons After Nexo Office Raid
The Sofia Nexo raid resulted in four charges. Nexo lets investors borrow and stake crypto. The UK, Bulgaria, and Switzerland-based corporation does not serve Bulgarians. Nexo announced its US service phaseout in December.
Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law
In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.
Algorand's Blockchain Based COVID-19 Global Survey Shares Real-Time Public Pandemic Data
Algorand, the first pure proof-of-stake (POS) blockchain created by cryptography pioneer and Turing award winner Silvio Micali, has launched a global Coronavirus (Covid-19) survey. The company published a blog post on March 27 announcing its ‘IReportCovid’ survey app. The aim of the survey is to compile a public database to share information on the spread, status, and symptoms of the COVID-19 pandemic and give updates in “real-time.”
eToro and Robinhood Modify U.S. Cryptocurrency Offerings Amidst Regulatory Changes
The global cryptocurrency landscape is witnessing significant shifts, with leading trading platforms, eToro and Robinhood, adjusting their U.S. cryptocurrency offerings. Both platforms are responding to the rapidly evolving regulatory environment in the United States, affecting popular cryptocurrencies such as Algorand (ALGO), Decentraland (MANA), Dash (DASH), Polygon (MATIC), Solana (SOL), and Cardano (ADA).
Chainalysis Secures $13M From Ribbit Capital and Sound Ventures, Continuing to Fuel Crypto Adoption
Chainalysis announced that it has secured an additional $13 million in a strategic investment from Ribbit Capital and Sound Ventures during its Series B investment round, taking its total to $49 million.
Navigating AI in Hospitality: Insights from Bulgarian Hoteliers
The paper titled "Automated decision-making: Hoteliers’ perceptions" provides an in-depth analysis of Bulgarian hoteliers' attitudes towards AI in decision-making, revealing a preference for AI in tasks not requiring emotional intelligence. It also uncovers that personal and property characteristics do not significantly influence their AI adoption preferences, indicating a widespread acceptance across the hotel industry.
Algorand Blockchain Network Now Certified for Sharia Compliant Financing
The Algorand Foundation announced that its blockchain network has now been certified as Sharia compliant for the inclusion of Islamic financial markets.
Taiwan's Legislature Considers Virtual Asset Management Bill to Protect Consumers
The Taiwanese Legislature is deliberating on a new Virtual Asset Management Bill aimed at fostering better consumer protection and industry oversight. The bill, seen as moderate, outlines pragmatic mandates for VASPs while leaving room for further regulatory fine-tuning, marking a significant step in Taiwan’s evolving digital asset regulatory landscape.
Hedera (HBAR) and Algorand (ALGO) Form DeRec Alliance for Decentralized Recovery
Hedera and Algorand ecosystems have united to form the DeRec Alliance, introducing a new standard for simplified and secure digital asset recovery, aiming to revolutionize the Web3 experience.
Three Top JPMorgan Executives Jump Ship to Crypto Startups
Three executives left JPMorgan for joining crypto startups, believing the industry would have a promising development.
nChain CEO Departs Accusing Dr. Craig Wright of Fraud
Christen Ager-Hanssen resigns as nChain's Group CEO, alleging serious internal issues and a conspiracy to defraud shareholders. He accuses Dr. Craig Wright of deceiving courts about being Satoshi Nakamoto, leading to a significant reaction from the cryptocurrency community. Discussions also touch on Ager-Hanssen’s past involvement with Algorand and the implications of his revelations on the Bitcoin SV community.
Crypto Influencer Fernando Perez Algaba Found Dismembered: Investigation Underway
Crypto influencer Fernando Perez Algaba was found dismembered in Argentina after going missing. His death, preceded by cryptic social media posts, is under investigation.
Nexo Seeks $3 Billion in Damages from Bulgaria Over Investigation
Nexo files a $3 billion claim against Bulgaria for damages caused by a dropped investigation, citing material and reputational harm and disrupted business plans.
Algorand Implements Sustainable Carbon Offset Smart Contracts
Blockchain-based crypto platform Algorand said it will implement smart contracts that automatically offset carbon emissions, and use part of the transaction fees to offset its carbon emissions.
Algorand to Lead FIFA's Digital Strategy in New World Cup Partnership
Algorand protocol has been unveiled as the official blockchain sponsor of FIFA.
Italy will tax cryptocurrency earnings 26%
Italy will restrict digital currencies in 2023. Cryptocurrency trading earnings above 2,000 euros ($2,062) will incur a 26% capital gains tax. As "foreign money," digital currencies have enjoyed reduced tax rates. Portugal wants to tax cryptocurrency capital gains at 28%.
First Belgian Elected as European Legislator to Accept Salary in Bitcoin
Following in the footsteps of New York City Mayor Eric Adams, Brussels MP Christophe De Beukelaer intends to convert his salary to Bitcoin.
What is AlgoSwap?
AlgoSwap emerges as a novel decentralized exchange protocol on the Algorand blockchain, designed for high-speed, low-cost, and environmentally friendly crypto trading.
Top Indonesian Football Club Enters the Blockchain Gaming Arena, Partnering with LGG
To offer its fans new experiences in the blockchain gaming sphere, two-time Indonesian football league champion Persib Bandung has partnered with Liberty Gaming Guild (LGG).
Australia Zoo Rolls Out NFT Project to Pay Tribute to Wildlife Warriors’ Conservation Efforts
To celebrate the 20th anniversary of Wildlife Warriors’ role in protecting injured, threatened, or endangered wildlife, Australia Zoo has launched an NFT project to raise funds and awareness to protect Australia’s wild places and wildlife.
LG Launches NFT Platform With Hedera Blockchain
The platform, LG Art Lab will allow users to buy, sell and put up digital art or NFTs on their television sets, the company announced.
Algorand Protocol Stateful Smart Contract Upgrade Targets Scalable DeFi Solutions and Dapps
Algorand is entering the decentralized finance (DeFI) ecosystem with its new highly scalable stateful smart contract capabilities.
Algorand’s Listing on Coinbase Sparked 30% Price Surge and New All-Time High Market Capitalization
US cryptocurrency exchange Coinbase has listed Algorand on its platform. According to the Coinbase announcement, Algorand (ALGO) has been made available on Coinbase.com and its Apple and Android apps.
Exclusive: How to Ensure Random Numbers in Public Blockchain?
Following Part 1 of our interview, Jing Chen of Algorand further teaches our readers on how to ensure the randomness of a number in public blockchain! She also evaluates the existing Proof-of-Stake (POS) protocols: Delegated VS Bonded VS Pure POS!
Tether becomes First Stablecoin to be Integrated into Algorand 2.0 Blockchain
Tether, a reputable stablecoin provider, has incorporated its U.S. dollar-backed stablecoin USDT into Algorand’s blockchain ecosystem. Tether’s presence on Algorand will facilitate block confirmation in less than four seconds and transaction fees will be a fraction of a cent.
Exclusive: Blockchain Trilemma Solved? Secrets Revealed by Turing Award Winner's Algorand
There are numerous blockchain project teams attempting to address the blockchain trilemma, and the Turing Award winning team Algorand is one promising candidate. We have the pleasure to speak with Jing Chen, Chief Scientist of Algorand, on how Algorand attempts to solve blockchain trilemma with its Byzantine agreement. She also explains why Algorand is non-forkable and the restrictions on Algorand’s adversary model!
South Korea Launches “Emergency” Inspection of Crypto Exchanges Following Terra Crash
To boost investor protection following the recent collapse of LUNA and TerraUSD (UST) tokens, financial authorities in South Korea have beefed up crypto exchange inspections.
Tether Launches USDT on Kava Blockchain
Tether Operations Limited (Tether), the company behind the renowned blockchain-powered platform tether.to and the world's leading stablecoin, has revealed its plans to introduce U.S. dollar-pegged Tether tokens ("USDT") on Kava. Kava is a layer-1 blockchain specifically designed to offer scalability and high speed.
The Drone Racing League and Algorand have Reached a $100M Sponsorship Agreement
The New York-based Drone Racing League( DRL) announced reaching a five-year sponsorship agreement with crypto platform Algorand, worth $100 million.
Algorand (ALGO) Ventures Invests in Gora Network
Algorand Ventures' investment in Gora Network marks a significant step in advancing blockchain oracle technology. Gora Network, emerging from an Algorand hackathon, aims to enhance blockchain applications with secure, real-world data, expanding its business, infrastructure, product suite, and developer ecosystem.
Scammers Target Australians in Cryptocurrency Call Center Scheme
An Israeli-run cryptocurrency fraud targets Australians, according to a raid on Eastern European scam call centers.
South Korea’s Jeju Island Leverages Blockchain to Curb Depleted Electric Vehicle Batteries
Jeju Island’s government representatives have revealed that a blockchain-powered electric vehicle waste-battery distribution management system has been implemented based on a multi-year support. It will track the history of receipts of waste-batteries acquired at the Jeju Technopark Electric Vehicle Battery Industrialization Center that opened in June 2019.
Korean Businesses Come Together to Form Massive Blockchain Council Similar to Libra's
Korea’s internet giant Kakao is bringing crypto and blockchain adoption to the Asian markets. A huge consortium of financial giants and big brands has joined together to form a Governance Council relating to all matters blockchain.
Ransomware Group Strikes Again: Canon Takes a Hit
Canon recently suffered a cyber attack where approximately 10 terabytes of files, photos and data were stolen.
Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers
Blockchain-powered driving licenses were made available as an option in South Korea in May.
Klaytn Adds Huobi to Growing Blockchain Governance Council
Klaytn has announced that Huobi has signed on as the latest member of its Governance Council for South Korean internet giant Kakao’s public blockchain project.
Blockchain Transactions Affirm Suspicious Levels of RaaS Interconnectedness
Blockchain transactions confirm the interconnection between four prominent ransomware strains. A good sign for law enforcement to deter illicit money transfers.
Klaytn's Governance Council: Bringing Enterprises and Institutions Together on Blockchain
In part 1 of our interview with Zachary Keats of Klaytn, Kakao’s blockchain development arm, we explored Klaytn and Kakao’s dominance in the online and digital community in South Korea. Although Kakao gives Klaytn a large audience and participant pool in South Korea, what other attributes does Klaytn have that makes it an exceptional blockchain?