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L2 solution makes Cardano, Algorand network interoperable
Cardano (ADA) founder Charles Hoskinson announced that Algorand (ALGO) is now on the Cardano network in reaction to the news that Mikomedia A1 Rollup is live on Algorand. And by the power of blockchain transitivity, Algorand is now on Cardano https://t.co/wpKDNB6LFW pic.twitter.com/1N6SlyRRdz — Charles Hoskinson (@IOHK_Charles) October 19, 2022 What is Milkomedia? Mikomedia is a…
Algorand throws hat in ring as Helium community begins vote on Solana migration
Algorand (ALGO) network believes it would be a better option for Helium (HNT) than Solana (SOL) even as voting commenced on the migration proposal. Two top executives of Algorand urged Helium developers to reconsider their stance on Solana because ALGO’s network offers a better option. Algorand’s chief technology officer John Woods tweeted that ALGO’s blockchain…
Algorand mainnet performance to increase 5x after new upgrade
Proof of stake network Algorand (ALGO) has upgraded its network’s mainnet transaction capacity to 6,000 transactions per second (tps), according to a press release shared with CryptoSlate. The upgrade places the Layer 1 protocol as one of the fastest in crypto. Compared to it, Bitcoin (BTC) processes five tps, Ethereum (ETH) only processes about ten…
Three Arrows Capital liquidators control $40M of the fund’s assets
Three Arrows Capital (3AC) liquidators Teneo have gained control of assets worth $40 million belonging to the embattled hedge fund, Bloomberg News reported July 21. The liquidators reportedly stated that the fund’s assets consisted of bank accounts, cryptocurrencies, NFTs, and stakes in other firms. Bloomberg reported that Teneo representative Russell Crumpler declared on July 20…
JPMorgan loses 3 executives to crypto industry jobs
Three executives of JPMorgan, Eric Wragge, Samir Shah, and Puja Samuel, left the financial giant last week for jobs in the crypto industry. JP Morgan, the most powerful bank in the world, the bank that influences governments around the world, lost three Executives to the crypto industry this week. Why would they leave? Because crypto…
Crypto investment sees $87M inflow despite bearish market sentiment
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Digital assets investments products saw $87 million in inflows during the week of May 23, despite a mostly bearish market sentiment, CoinShares weekly report reveals. Bitcoin sees inflow in bearish market The latest report shows that Bitcoin (BTC) saw $69 million…
Bnext Receives Additional $4.5 Million Investment, Led by Borderless Capital to Drive DeFi on Algorand
Press Release: Bnext announces a total investment of $10 million, as the Spanish fintech giant prepares to complete its token sale. 5th May 2022, Madrid — Borderless Capital has increased their investment in Spanish Fintech, Bnext, to $10 million with a new investment of $4.5 million. What This Means For Bnext This latest investment will…
Report: Interest in altcoins rises as Ethereum outflows continue
The latest weekly digital assets fund flow report from Coinshares has revealed a drastic reduction in the weekly investment outflows in the crypto space. According to the report, the weekly outflows dropped to $7.2 million, and the total outflows in the last three weeks amounted to around $219 million. Interest in Bitcoin and Ethereum investments…
Algorand will automatically offset carbon emissions with smart contracts
Algorand has officially implemented the first smart contract that will automate the offsetting of carbon emissions. In a press release shared with CryptoSlate, Algorand said that it was doubling down on its commitment to the environment. Algorand’s self-sustainability will be funded by transaction fees Sustainability has been the core component of Algorand ever since it…