The Algorand Foundation has launched a $43 million grants program to foster a “borderless economy” on the Algorand blockchain. The Algorand Foundation announced a 250 million ALGO (roughly $43 million) grants program to foster development on the Algorand blockchain on April 14. Cointelegraph spoke to Fangfang Chen, the Algorand Foundation’s head of operations, to find […]
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Little-known multi-chain architecture project, Komodo (KMD), saw 102% growth against the dollar over the past month, after plunging 75% one month previous. Little-known altcoin Komodo (KMD) had a strong month amid the global lockdown. In the past 28 days the KMD coin price increased 102% against the dollar, while many larger cap cryptocurrencies struggled for […]
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SoftBank is expected to lose $12.5 billion driven by its investment in WeWork. SoftBank Group Corp (SFTBY), the parent company of Fortress Investment Group is expected to lose $12.5 billion for the fiscal year that ended in March, per an April 13 report from Bloomberg. WeWork — $24 billion loss It seems that Vision Fund […]
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Recent data shows parties selling a massive number of Zoom accounts in the far reaches of the internet. Recent data shows parties selling a massive number of Zoom accounts in the far reaches of the internet. In darknet and hacking forums, perpetrators are pawning off 500,000 user accounts from the popular internet video conferencing site, […]
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The world’s largest development bank, the World Bank Group, has issued a new report on payment aspects of financial inclusion in the fintech era. Financial institutions all over the world are increasingly experimenting with emerging technologies like blockchain to streamline payment systems and achieve financial inclusion. In a new study, the World Bank has once […]
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The financial industry will see the further adoption of stablecoins around the world, partly due to the responses to COVID-19. We are living through interesting times. At the time of writing, roughly half of the world’s population is on lockdown, with 90 countries in various forms of confinement and the pandemic crashing global stock markets. […]
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Cargill and Rabobank settle a $12 million commodity trade using blockchain technology, reducing the transaction time to five days. Dutch multinational banking and financial services company Rabobank recently announced the settlement of a $12 million intercontinental commodity trade using blockchain technology. Rabobank and other logistics companies collaborated with the United States-based agricultural behemoth Cargill and […]
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The team behind CryptoKitties and the Flow blockchain, Dapper Labs, has revealed a partnership with Libra to share technology between the two projects. Dapper Labs, the team behind CryptoKitties and the Flow Blockchain, has revealed a partnership with Facebook’s Libra stablecoin project to share proprietary technology. Speaking to Cointelegraph, Dapper Labs’ CTO Dieter Shirley revealed […]
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Libra association member Bison Trails has collaborated with Coinbase Custody to enable secure Polkadot staking. Blockchain infrastructure-as-a-service company Bison Trails is integrating with Coinbase Custody while also providing support for the Polkadot protocol. Announced on April 14, the integration will allow Coinbase Custody clients to delegate Polkadot (DOT) tokens to Bison Trails validators, which helps […]
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Crypto debit card BlockCard now touts 6.38% customer spending rewards. Crypto debit card BlockCard, built by blockchain company Ternio, has increased user rewards to almost 7%. “Starting April 14th, all BlockCard users (existing and new) will be entitled to earn 6.38% back in cryptocurrency rewards on all BlockCard purchases – with no ceiling on the […]
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