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World's First National Digital Currency to Be Built on Algorand

The Republic of the Marshall Islands (RMI) has revealed that the blockchain for the world’s first sovereign digital currency will be built using Algorand’s technology. Plans for the Marshallese Sovereign (SOV)were first announced in February 2018 following a vote by the nation’s parliament in favour of proceeding with the plan. Regulation and Supply SFB Technologies is the … Continue reading World's First National Digital Currency to Be Built on Algorand

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 … Continue reading Algorand's Blockchain Based COVID-19 Global Survey Shares Real-Time Public Pandemic Data

CoinMarketCap Introduces Algorithmically Ranked Crypto Trading Pairs to Eradicate Volume Inflation

CoinMarketCap, a leading crypto data tracker, has gone a notch higher by presenting a new ranking system based on an innovative algorithm powered by machine learning. According to the company’s blog post, this new approach will enable users to make more profound trading decisions when it comes to market pairs.  The transition from a single … Continue reading CoinMarketCap Introduces Algorithmically Ranked Crypto Trading Pairs to Eradicate Volume Inflation

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.  Investigations and due diligence will be enhanced by using Chainalysis KYT for Algorand’s native token, ALGO. The Algorand Foundation is led by Turing award-winner Silvio Micali and a renowned team of cryptographers to build an … Continue reading The Algorand Foundation to Integrate Chainalysis KYT for Transaction Monitoring and Compliance

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. ALGO was previously listed on Coinbase Pro in August 2019, and the push for Algorand to be listed on Coinbase was due to the majority of … Continue reading Algorand’s Listing on Coinbase Sparked 30% Price Surge and New All-Time High Market Capitalization

Algorand Protocol Stateful Smart Contract Upgrade Targets Scalable DeFi Solutions and Dapps

Algorand, the first pure proof of stake (PoS) blockchain protocol, is entering the decentralized finance (DeFI) ecosystem with its new highly scalable smart contract capabilities. The Algorand Foundation announced the launch of the comprehensive smart contract capabilities that will purportedly enable DeFI developers to create Defi solutions and Dapps that “can scale to billions of … Continue reading Algorand Protocol Stateful Smart Contract Upgrade Targets Scalable DeFi Solutions and Dapps

Ripple CTO: Why Ripple Ledger's Consensus Algorithm is More Reliable and Energy Efficient than PoW

Ripple CTO David Schwartz just contributed a post entitled “Beyond Proof of Work: the XRPL Consensus Solution”, in which he talks about reasons why Ripple Ledger (XRPL)’s consensus is more reliable and energy-efficient than Proof of Work (PoW) Consensus. A Consensus is used to solve the double-spend problem. In bitcoin and Ethereum blockchain networks, they use Proof … Continue reading Ripple CTO: Why Ripple Ledger's Consensus Algorithm is More Reliable and Energy Efficient than PoW

The Drone Racing League and Algorand have Reached a $100M Sponsorship Agreement

The New York-based Drone Racing League( DRL) announced that has reached a five-year sponsorship agreement with crypto platform Algorand of $100 million. The specific terms of the agreement regarding the cooperation and sponsorship have not been disclosed, but the Algorand cryptocurrency platform will take over the ownership of DRL from the sixth season which starts … Continue reading The Drone Racing League and Algorand have Reached a $100M Sponsorship Agreement

Drone Racing League Partners with Hivemind's Playground Labs, Launch First P2E Game on Algorand Blockchain

Professional drone racing League (DRL) joins the Metaverse world by launching its first game. A money-making crypto sports game on the Algorand blockchain in partnership with Playground Labs, a Web 3 game developer from crypto investment fund Hivemind. These two teams said they would launch the first in-game money-making game using DRL in their virtual … Continue reading Drone Racing League Partners with Hivemind's Playground Labs, Launch First P2E Game on Algorand Blockchain

Bulgaria to Introduce Crypto Payment Options

For a country currently not in the Eurozone, Bulgaria plans to introduce a government-backed digital currency payment initiative “in short to medium term.” According to a Bloomberg report, citing Assen Vassilev, Bulgaria’s deputy prime minister for EU Funds and minister of Finance, the government is currently in discussion with industry stakeholders and the Bulgarian National … Continue reading Bulgaria to Introduce Crypto Payment Options

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