Tagged: algorand

Digital Assets and DeFi Adoption: Liquid Staking Product xALGO Launches on Avalanche

Folks Finance, the DeFi app on Algorand, continues its expansion into new networks by bringing xALGO into the Avalanche ecosystem. Powered by Wormhole technology, this is reportedly “the first Avalanche-Algorand cross-chain DeFi product available.” xALGO is a liquid staking derivative; “a yield-bearing version of ALGO… Read More

Algorand Ventures Bets on Afghani Fintech HesabPay

Today, the Algorand Foundation announced a strategic investment by Algorand Ventures in HesabPay. The news was unveiled on stage at the Algorand Impact Summit in New Delhi, where business leaders, policymakers, NGOs, and developers convened to discuss how blockchain can be part of the solution to… Read More

Algorand, UNDP Unveil Blockchain Academy

The United Nations Development Programme (UNDP) this week announced a partnership with Algorand Foundation to launch a blockchain academy to provide UNDP staff with knowledge and insights into the applications of blockchain technology. The announcement was made onstage today at the Algorand Impact Summit in New Delhi by Robert Pasicko, UNDP’s expert… Read More

Blockchain Network Algorand Enhances Performance via Protocol Upgrade

Algorand, the “pure” proof-of-stake Layer-1 blockchain network, continues to deliver the advanced technology required to power real world applications with its latest protocol upgrade that unleashes faster block times, as well as other improvements. This recent protocol upgrade, “now live on Mainnet, reduces block time… Read More

Italy Selects Algorand Blockchain to Enable Digital Guarantees

Algorand has been selected to support a digital guarantees platform in Italy. Algorand is a proof-of-stake blockchain that is designed to provide more efficient transactions. The new platform is expected to become operational in early 2023 and is described as the first time an EU… Read More

Blockchain Startup Ettle Announces Australian Dollar based Stablecoin

Ettle, a blockchain startup, has announced a pilot transaction for an Australian dollar-based stablecoin AUDE. According to a company statement, Ettle partnered with Meadow Labs in the experiment to make a payment using the AUDE to one of its contractors. Ettle says it is utilizing… Read More

Algorand, Artory Announce Art Collaborations

This month, Artory announced two major projects that deliver the benefits of the Algorand Blockchain to the traditional art market: the blockchain registration of Provenance Revealed: Galerie Steinitz in partnership with Christie’s and the launch of “a diversified and tokenized art fund which will secure… Read More

CoinShares Enhances Staked ETP Lineup with Algorand Launch

CoinShares (Nasdaq First North Growth Market: CS; US OTCQX: CNSRF), which claims to be Europe’s largest digital asset investment firm with $1.5 billion in AUM, has announced the listing of their physically-backed staked Algorand ETP on Germany’s primary market Xetra. CoinShares Physical Staked Algorand (Ticker:… Read More

Dequency Introduces Music Rights Portal to Create Open Sync Licensing Marketplace

Music Tape to Tape Reel

Dequency has introduced its Web3-powered music licensing marketplace, “opening its portal to music rights holders everywhere, having completed a 4-month restricted beta phase.” Dequency is building (what it claims to be) “a unique, decentralized music licensing marketplace for music rights holders and visual creators to… Read More

Former JPMorgan MD Joins Algorand Foundation

The Algorand Foundation, whose mission is to grow the ecosystem of the “carbon-negative” Layer 1 blockchain invented by Turing Award winner and MIT professor Silvio Micali, Algorand, recently announced the appointment of Eric Wragge as Global Head of Business Development and Capital Markets. Wragge joins… Read More

New L1 Blockchains Are Expanding DeFi Ecosystem, No Ethereum Killers Yet: Chainalysis Report

Nearly all crypto tokens fall into one of two categories: Layer 1s and Layer 2s, according to an update from Chainalysis. Chainalysis writes in a report that Layer 1s are tokens “with their own blockchains, while Layer 2s are built on top of Layer 1… Read More

Algorand Foundation Appoints Staci Warden as CEO

The Algorand Foundation has confirmed the appointment of Staci Warden as its Chief Executive Officer. Warden, who has served on the Algorand Foundation’s Board since September of last year, steps into the additional role of CEO effective February 11, 2022. Warden has reportedly led international… Read More

Folks Finance, a Capital Markets Protocol, Closes Successful $3M Seed Round

Folks Finance, a capital markets protocol for borrowing and lending built on the top of the Algorand blockchain, today announced the closing of its $3 million seed funding round, led by Borderless Capital with participation from a group including Jump Crypto, ParaFi Capital, Coinbase Ventures,… Read More

Securitize Launches First Tokenized S&P Index Funds

Securitize has launched two tokenized index funds – the first of their kind. According to a statement from Securitize, the Fintech has leveraged blockchain technology to offer the following S&P indices: The Securitize S&P Cryptocurrency Large Cap Ex-MegaCap Index The Securitize S&P Kensho New Economies… Read More

Algofi Welcomes $2.8M to Grow DeFi Lending, Stablecoin Protocol

Algofi, a lending market and stablecoin protocol built on the Algorand blockchain, today announced $2.8 million in seed funding during Decipher, Algorand’s annual community conference. Union Square Ventures, Arrington XRP Capital, and Pillar VC led the round, with participation from Y Combinator, Formulate Ventures, and… Read More

Blockchain Developers May Now Use Wyre’s API Tools to Build dApps on Algorand

If you’re a blockchain developer or brand building your application on the Algorand blockchain, then you may be interested in knowing that Wyre’s integration with Algorand is now live. As mentioned in the announcement, this means that application developers on the Algorand blockchain are able… Read More

Glitter Finance Raises $3M, Integrating Algorand With Solana

Glitter Finance recently announced it is working to integrate the Algorand DeFi ecosystem with Solana to deliver improved interoperability in the DeFi blockchain space. The integration is said to ensure traders using Glitter Finance can transfer their digital currencies from Algorand to other Layer 1… Read More

C3 Protocol Celebrates $3.6M Raise, Building Comprehensive Spot, Derivatives Capital Market

C3 Protocol, a decentralized capital market powered by a cross-margin cross-collateralization clearing engine protocol, this week announced a $3.6 million raise, which was led by Arrington Capital and Jump Capital. The platform’s goal is to build an all-in-one capital market for spot and derivatives trading…. Read More

USDt Now Available on Avalanche, Market Cap North of $73 Billion

Tether Operations today announced it has launched Tether tokens (USDt) on Avalanche, a decentralized smart contracts platform built for the scale of global finance and business. Avalanche is designed as a highly scalable ecosystem, able to deliver rapid transaction finality and low transaction fees. It is… Read More

Kraken Is Offering 4.75% Yearly for Staking ALGO Tokens

Digital assets firm Kraken is pleased to confirm that it now supports staking for holders of Algorand’s native token, ALGO. You may head into the Earn section of your account to “put your ALGO to work today.” What is Algorand? Algorand is a Proof-of-Stake (PoS)… Read More

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