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Algorand Announces 250 million ALGO to Foster ‘Borderless Economy’

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Algorand Announces 250 million ALGO to Foster ‘Borderless Economy’
cointelegraph
 Published Few hours ago
Algorand Announces 250 million ALGO to Foster ‘Borderless Economy’ 
The Algorand Foundation announced a 250 million ALGO grants program to foster development on the Algorand blockchain. The funds will be allocated to qualified investors across four major categories: innovative research, development tools for the Algorand blockchain, use cases for decentralized applications (Dapps) and education and community initiatives. Fangfang Chen, Algorand Foundation’s head of operations emphasizes that the grants are intended to bring Foundation’s vision of a “borderless economy”. Read Full on cointelegraph

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Report: China’s Digital Yuan to be Test in Four Cities
Cointelegraph
 Published Few hours ago
Report: China’s Digital Yuan to be Test in Four Cities 
Screenshots of a purported pilot version of a wallet app for China’s forthcoming digital yuan are circulating on social media. Ling Zhang, executive director of M&A, Global Fiat, at cryptocurrency exchange Binance first shared the images on April 14, later retweeted by the exchange’s CEO, Changpeng Zhao. According to Ling Zhang, the app is available for download in four cities selected for the initial trial — Shenzhen, Chengdu, Suzhou and Xiongan. Read Full on Cointelegraph

chinacryptoyuan
Decision To Ban The Stablecoins Could Be On The Horizon
Crypto Briefing
 Published Few hours ago
Decision To Ban The Stablecoins Could Be On The Horizon 
The Financial Stability Board (FSB) outlined ten recommendations to central banks for regulating stablecoins, including outright prohibition. The FSB is an international entity that provides suggestions on the global financial system. It comprises central banks and finance ministries from major G20 economies. The recommendations are to be presented before an audience of G20 countries, and reference major stablecoins, including USDT, USDC, TUSD, PAX, and DAI. Given the market’s heavy reliance on stablecoin, a ban could mean disaster for the broader cryptocurrency market. Read Full on Crypto Briefing

CryptoStablecoin
Bitcoin Halving Is Now Less Than One Month Away
Crypto.IQ
 Published Today
Bitcoin Halving Is Now Less Than One Month Away 
Bitcoin (BTC) halving is now less than one month away. The current estimate is that the halvening will occur on May 12, which is roughly 29 days from now, although this could vary by plus or minus one day depending on the BTC hash rate. This event is highly anticipated, since it will drastically reduce the market supply of Bitcoins and reduce selling pressure on the market. The block reward will drop from 12.5 Bitcoins to 6.25 Bitcoins. Read Full on Crypto.IQ

bitcoincryptoblockchain
Report: Western Union Testing Ripple for Cross-Border Payments
The Daily Hodl
 Published Today
Report: Western Union Testing Ripple for Cross-Border Payments 
Western Union, one of the world’s most recognized money transfer services, has piloted Ripple’s distributed ledger technology and to use it for its remittance services. According to a 2020 research report from Credit Suisse, the money transfer giant is exploring whether the technology can boost the speed and lower the cost of international payments. Researchers say Western Union is “testing and considering use of Ripple (XRP) for cross-border payments” despite the fact that the company was “initially less bullish” on the technology. Read Full on The Daily Hodl

ripplecryptoblockchain
Daily Dogecoin Transactions Have Risen Upto 35%
BeInCrypto
 Published Today
Daily Dogecoin Transactions Have Risen Upto 35% 
Dogecoin saw a significant increase in daily transactions through March and April, on-chain metrics say. For some strange reason, there’s been an increase in people using DOGE amid this global crisis. On Feb. 20, DOGE had some 24,000 daily transactions. That number has risen to 32,400 daily transactions as of April 12. That’s an increase of 35%. Despite being a meme coi

n, DOGE is also quite secure. A study last year found that DOGE is the third most-resistant cryptocurrency to a potential 51% attack. Read Full on BeInCrypto

dogecryptoblockchain
Baidu's Video Streaming Giant iQiyi Adopts Blockchain
CoinDesk
 Published Today
Baidu's Video Streaming Giant iQiyi Adopts Blockchain 
One of the world's largest video platforms, iQiyi, owned by the Chinese tech giant, Baidu, has integrated distributed ledger technology (DLT) into its processes to increase the buffering speeds of its videos, reduce energy consumption and congestion and ultimately offer its users the best experience possible. iQiyi, has inked a strategic partnership deal with New Kind of Network (NKN). The deal will enable iQiyi to Boost the Performance using NKN’s peer to peer network connectivity protocol powered by blockchain. Read Full on CoinDesk

blockchaincryptochina
Crypto Exchange Traffic in Russia Rises by Over 5%
Cointelegraph
 Published Today
Crypto Exchange Traffic in Russia Rises by Over 5% 
Amid the global COVID-19 pandemic and rising unemployment, more and more people around the world are apparently turning to crypto, Russia being no exception. According to data by cybersecurity firm Qrator Labs, people in Russia have become increasingly engaged with crypto exchange services amid the ongoing coronavirus outbreak. Specifically, traffic on crypto exchanges in Russia surged 5.56% in the last week of March 2020 in comparison to February averages, a study by Qrator Labs reportedly said. Read Full on Cointelegraph

russiabitcoincrypto
China announces members of its national blockchain com­mit­tee
The Block
 Published Today
China announces members of its national blockchain com­mit­tee 
The Chinese government and its federal authorities are getting increasingly involved in the blockchain space to push forward innovation throughout the country. The government released an official notice stating that they have put together a technical committee of 15 organizations to devise national standards for blockchain and distributed ledger technology. This includes the People’s Bank of China (PBOC) Digital Currency Research Institue, MIIT, Tencent, Zhe­jiang Uni­ver­sity and Baidu. The committee currently lists 71 people from those organizations. Read Full on The Block

chinablockchain
Binance Adds P2P Crypto Trading for Indian INR and Indonesian IDR
Binance
 Published 1 Day ago
Binance Adds P2P Crypto Trading for Indian INR and Indonesian IDR 
Major cryptocurrency exchange Binance has announced today that INR and IDR users can directly buy and sell BTC, ETH, BNB, USDT, and BUSD with zero transaction fees on Binance.com or the Binance mobile app. Binance CEO Changpeng Zhao, said: “India and Indonesia are two of the largest emerging markets with tremendous potential in crypto adoption, and we are pleased to empower the massive population with easy-to-use crypto access.” P2P trading on Binance now supports 20 national fiat currencies. Read Full on Binance

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