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Algorand foundation has launched the Algorand Asia Accelerator program for blockchain startups. The program is for startups that want to develop finance 3.0 platforms and products. The blockchain foundation revealed in a blog post that 10 startups would take part in the pilot phase. The 12-week accelerator program runs from October 19 until January 2021. A unique initiative to support blockchain startups The Asia Accelerator scheme is an initiative that offers blockchain startups $15,000 in seed funding. Algorand also supports selected…

Former Goldman Sachs chief Raoul Pal says CBDCs are at the forefront of new banking policies. Pal, in a series of tweets, referenced several sources to buttress his point. Biggest financial overhaul in history? Pal believes that the introduction of CBDCs will be the biggest financial move since Bretton Woods. He also revealed that the International Monetary Fund (IMF) would hold a conference on October 19. The potentials of digital currencies and cross border payments will be the major topics…

Coinbase Custody, the arm of popular exchange Coinbase that provides custodial services, considers adding 37 cryptocurrencies to its services. DeFi tokens dominate Coinbase List The Custodial platform posted on its blog a list of 37 cryptocurrencies for research. The custodial platform offers storage solutions beyond the reach of any attack—the long list of Coinbase Custody mainly composed of DeFi tokens. Coinbase Custody's message is clear that decentralized finance (DeFi) and tokens have potentials. Some popular tokens on the list include…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $358 billion. Bitcoin registers a 0.6% increase to cement its value above $11,000 Ethereum waves off minor fluctuations to continue trading above $370 XRP is down by 6% as it drops beneath the $0.25 level Grayscale Investments attained reporting status for its Ethereum (ETH) trust from SEC. OKEx suspended withdrawals after its founder was…

Monero developers have launched a new hard fork update on the blockchain network that would improve transaction size. Work had begun on the hard fork update earlier in September before its deployment on October 17. New features added to Monero blockchain Monero blockchain will benefit immensely with the new, improved features added to the hard fork. It features a new version of its node software named ‘’Oxygen Orion. The major highlight of the update is the compact linkable spontaneous anonymous…

Spain's apex bank Banco de Espana is set to research the development of a CBDC. Banco de Espana released a strategic plan report where it revealed its priorities from 2020 to 2024. The apex bank plans to analyze policies from the European Central Bank (ECB) and trends within the Spanish economy. The report also looks at the effect of covid on banks, negative interest rates, and policies. Also, it revealed that CBDC research was a priority as part of new financial…

Nicholas Percoco, the chief security officer of Crypto exchange Kraken has warned the crypto community of a new phishing scam. Percoco revealed this on Twitter with a series of tweets in which he explained the process used by cyber criminals to dupe victims. Scammers pretend to work for legit crypto companies According to Percoco, scammers use fake identities and information to scam victims. Firstly they pretend to be part of the listing teams on cryptocurrency exchanges like Kraken to lure…

In a recent announcement, Paxful, the world's major player in the peer-to-peer cryptocurrency marketplace, knot ties with Bithumb Global. With this partnership, Bithumb Global will offer P2P services on its platform. Found in the year 2014 as EasyBitz and later renamed as currently known as Paxful supports over 300 payment methods. Thus removing the borders & limits and building a single marketplace platform for cryptocurrency buyers and sellers. As of now, Paxful has over 4.5 million users across the globe.…

As Bitcoin's demand as a reserve fund grows, more and more publicly traded companies are opting to invest in the cryptocurrency. As per the new quarterly report from Grayscale Investments, more than a billion-dollar were poured into the investment firm. Making it the best performing quarter for its investment products and the third consecutive quarter with massive growth. Grayscale Bitcoin Trust (GBTC) got the largest cash inflow out of all its products, over $720 million. Meaning the trust has absorbed…