Algorand Foundation launches Asia Accelerator Program

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…

Cryptocurrency Regulation Hurdles: Citizen Protection or DeFi Sabotage?

Are governments keen to regulate cryptocurrencies to prevent financial fraud and protect citizens, or are they using regulation to Stifle Decentralized Finance? "What Was TON And Why It Is Over" is the title that was given to the parting statement made by Telegram's co-founder after Telegram was recently forced to abandon the TON blockchain project. After a continuous legal battle with the US Securities Exchange Commission (SEC), this ensued, which accused Telegram of conducting an illegal ICO sale and issuing…

Asia’s Strengthening of Cryptocurrency Regulations May Threaten Its Leading Position

People have been considering Asia as the world’s cryptocurrency hub for a long time now. There has been remarkable growth in the cryptocurrency domain in nations such as Japan, Singapore, South Korea, and China. China is in the last stages of creating a central bank digital currency (CBDC), thereby proving that the continent has placed itself ahead of others regarding digital assets. Recently in a podcast, Adam Traidman, the joint founder of one of the pioneering Bitcoin wallets on the app store (BRD) spoke about China’s digital Yuan and…

South Korean Government Considers Blockchain a Great Opportunity

The current global economic trouble is shifting attention to blockchain technology. Before now, some governments have been considering and looking into how to deploy the technology in some sectors. Interestingly, the government of South Korea has noted that the blockchain market stands for a “golden opportunity” for the country. The government is admonishing private sector firms in the country to exploit this potential. On Apr. 17, Fn News released a report which noted that the Vice Minister of Strategy and Finance,…