Borderless Capital’s support for Algorand-based development has taken another incremental turn with the venture capital firm launching a new $25 million fund in Miami. In an announcement on Wednesday, the investment firm stated that the $25 million fund will focus on supporting blockchain startups in the city of Miami. Dubbed the Borderless.Miami Fund, the VC firm is joined by stablecoin issuer Circle to foster the growth of digital payment and digital capital market development in Miami. Apart from direct investments in blockchain startups, Borderless Capital is also seeking to launch the Algorand Miami Accelerator. Algorand accelerator programs in Europe and …

Reach, a blockchain development platform for decentralized applications, has raised $12 million from investors to further its goals of simplifying the DApp creation process, the company announced on Wednesday. The latest funding round takes the total sum raised by Reach to $48 million as the firm aims to produce a JavaScript-like programming language for use in building blockchain applications. At present, most major blockchains launch with their own unique programming languages, meaning the applications built on each platform are rarely compatible with any other. Reach launched in 2019 and has thus far achieved compatibility with the Ethereum and Algorand blockchains, …

On May 13, Elon Musk sent shockwaves across the crypto markets by revealing that Tesla will no longer accept any BTC payments for cars until Bitcoin mining becomes more environmentally sustainable. Musk notes that while Tesla waits for Bitcoin to move to renewable energy, the firm will be looking at “other cryptocurrencies” that use less than 1% of Bitcoin’s energy per transaction. Tesla & Bitcoin pic.twitter.com/YSswJmVZhP — Elon Musk (@elonmusk) May 12, 2021 The tweet sent much of the crypto community into a frenzy of speculation as to what other crypto assets Tesla may be exploring. Social influencer “The Cryptic …

A decentralized cloud computing network that aims to make the world’s technological resources cheaper and more accessible has launched its private testnet. Cudos says its infrastructure means laptops, smartphones and company servers that may otherwise lie idle can contribute to exciting projects including DeFi, scientific research, data analytics, artificial intelligence and video rendering — advancing human knowledge. The project is a layer-one blockchain and layer-two computation and oracle network. It says centralized cloud computing providers attract high costs and waste, and a growing need has formed for decentralized alternatives. Because of this, it aims to deliver permissionless access to high-performance …

Smart contract platform Algorand plans to achieve a carbon-negative network by implementing a “sustainability oracle” in partnership with ClimateTrade in a move that could make blockchain adoption more environmentally friendly. The partnership, which was announced Thursday, enables Algorand to notarize its on-chain carbon footprint and then lock the equivalent amount of carbon credits into a so-called green treasury. Silvio Micali, Algorand’s founder, said the company is focusing on sustainability at a time of growing adoption for the smart-contract protocol. “As this period of hyper growth continues, we find it crucial to operate at a carbon-negative level. Indeed sustainable growth is …

Global equity marketplace Vesta Equity has chosen the Algorand blockchain to launch its new real estate tokenization services, hoping to disrupt a decades-old industry and open up the possibility for homeowners to convert their equity into digital assets. Under the new partnership, Vesta will utilize Algorand to further disintermediate the numerous parties involved in the traditional home equity and borrowing space. With Vesta eliminating expensive intermediaries from the process, Algorand’s technology will allow all data to be readily available and verified automatically. The new marketplace will enable homeowners to convert their home equity into digital assets and sell a percentage …

Italian copyright collecting agency Società Italiana degli Autori ed Editori, SIAE, has minted more than four million NFTs on the Algorand blockchain to digitally represent the rights of more than 95,000 authors. The partnership between SIAE and Algorand started in 2019, with SIAE aiming to digitize its entire copyright database to help decentralize the management of the metadata. NFTs will eventually provide copyright owners such as authors and publishers with royalty streams to their work. The tokenization of the articles and published works will allow the system “to transfer management directly to rights holders, who will then be able to …

With the rapid growth of decentralized finance, upcoming scaling developments on Ethereum 2.0, and increased crypto allocation in the portfolios of institutions, the price of Ether (ETH) is rapidly ascending. In fact, we’ve already seen ETH break the $2,000 barrier for the first time, marking a brand-new all-time high. All this action may be bullish for ETH holders and DeFi investors, but for smaller DApp developers and other users on the network — such as traders using ERC-20-based stablecoins — it’s quickly pricing them out. That’s because the cost of using any stablecoin depends on the blockchain network on which …

In the past few months cryptocurrencies have become a frequent topic of discussion among the mainstream media and traditional investors partially because of the Bitcoin evangelism of well-known influencers like Elon Musk, Mark Cuban and Michael Saylor. One platform that has benefited from increased attention on the cryptocurrency sector is Algorand (ALGO), a scalable, secure, and decentralized digital currency platform. Since the start of 2021, ALGO price has steadily grown from $0.33 on Jan. 1 to $1.84 on Feb.12, its highest level since July 2019. Its trading volume also increased from $70 million to $1.1 billion during that same period. …

The Algorand Foundation, the research body behind smart contract protocol Algorand, has selected 11 startups for its inaugural accelerator program, a move that could enhance innovation on the emerging blockchain network. The 11 startups selected by Algorand Europe Accelerator are focused on payments and lending, infrastructure, network solutions and the Internet of Things. The accelerator program runs for 12 weeks, from Feb. 1 until late April. Each participant receives 15,000 euro ($18,100) in seed funding from blockchain fund Borderless Capital. Massimo Morini, the Algorand Foundation’s chief economist, said: "Following the success of our Asia Accelerator Program, I’m excited about the …

Blockchain marketplace Climatetrade will be building its new CO2 carbon offsetting platform on Algorand, a top-50 cryptocurrency project that is gunning for scalability and transactional performance. Climatetrade announced Wednesday that it has selected the Algorand blockchain to power its carbon offsetting marketplace, which is designed to help organizations achieve CO2 neutrality — a key pillar in the fight against climate change. Climatetrade is building on Algorand for its “flexible architecture, low transaction fees and scalability of transactional performance,” according to CEO Francisco Benedito. Algorand is the 49th largest cryptocurrency project with a total market of around $393 million. Its ALGO …

The Algorand Foundation, the governance and research organization behind major blockchain platform Algorand, is launching a new accelerator program in Europe. Known as “Algorand Europe Accelerator,” the new program intends to support European developers and entrepreneurs looking to build applications on the Algorand platform. Announcing the news on Oct. 15, the Algorand Foundation told Cointelegraph that the new program will launch in collaboration with established Algorand’s investors, Eterna Capital and Borderless Capital. As part of the program, Borderless Capital will distribute $15,000 in upfront seed funding to ten selected projects. Successful initiatives will be eligible for up to $500,000 in …