Month: February 2023

Algorand to drive Web3 adoption in India through key partnerships

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Algorand Foundation announced several partnerships in India, including collaborations with schools to develop educational programs to help grow Web3 in the country.  In an announcement sent to Cointelegraph, the Algorand team said it partnered with Jawaharlal Nehru Technological University Hyderabad and the Indian School of Business to launch educational programs. This includes programs for faculty development and student developer training. Additionally, the firm will host a master class for businesses looking to dive into the Web3 space. Anil Kakani, Algorand’s recently-appointed country head for India, said that the partnerships aim to…

Bitcoin bulls stumble at $23.4K as Fed’s ‘disinflation’ sparks BTC price rally

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Bitcoin (BTC) rebounded to key resistance into Feb. 8 as crypto markets got a boost from a familiar source. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell: “Disinflationary process” is here Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching the important $23,400 zone on Bitstamp overnight. The pair reacted positively to the latest comments from the United States Federal Reserve, these also serving to send equities higher during the Feb. 7 Wall Street trading session. Fed Chair Jerome Powell again mentioned “disinflation” during his appearance, reinforcing market hopes…

Elementus Raises $10 Million to Bring Clear Blockchain Analytics to Institutional Customers – Blockchain Bitcoin News

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Elementus, a New York-based blockchain firm, has raised $10 million as part of its Series A-2 funding round, led by Web3 VC company Parafi Capital. The raise, which values the company at $160 million, aims to allow Elementus to keep improving its processes for providing effective and sound blockchain analytics to Web3 companies and government institutions. Blockchain Analytics Firm Elementus Raises $10 Million in Lukewarm Market Blockchain firms that are focused on providing tools to examine the Web3 landscape have managed to survive and even thrive during the current market…

NYU to launch Web3 learning workshop in partnership with Near Protocol

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Education is a well-known barrier to entry for many when it comes to crypto and Web3 space. This is particularly true when understanding the underlying technology that powers these innovations.  Joining in on the effort to spread crypto awareness, on Feb. 8, the New York University School of Professional Studies (NYU SPS) — one of the schools that compose New York University — announced a partnership with the Near Foundation to introduce a new “Web3 Learning Workshop” for students and faculty, along with partners in the industry. The course comes out…

Alameda wallets resurrect to transfer FTT in the millions

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Wallets linked to now-bankrupt Alameda Research became active again on Feb. 7, transferring out millions worth of FTX exchange’s native token, FTX Token (FTT). The Alameda wallet activity post FTX bankruptcy filing has been a big concern for the crypto community, with many questioning the merits of the law enforcement agencies and how these wallets are being accessed. The Alameda address ‘brokenfish.eth’ transferred nearly $2 million worth of FTT tokens from BentoBox smart contract on Sushiswap. The smart contract in question serves as the central vault for the whole Sushi…

What is Splinterlands and how to earn money playing it

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The development of blockchain technology and the growing adoption of nonfungible tokens (NFTs) are two factors that have contributed to the proliferation of play-to-earn collectible games. Play-to-earn (P2E) games allow players to gain benefits by participating in the game, such as in-game currency and items. This creates a new dynamic where players can profit from their in-game actions, enhancing the fun and purpose of the gaming experience. Additionally, the usage of NFTs and blockchain technology in play-to-earn games gives players greater ownership and scarcity, which increases demand and can result…