Algorand

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[PRESS RELEASE – Please Read Disclaimer]
V2B Labs had an amazing time being part of Ideathon Pitch Day, a blockchain event organized by the Algorand in Tokyo on last May 14, 2022.
On May 14, 2022, Algorand successfully organized the Blockchain Business Idea Pitch, joined by well-known Japan Accelerator mentors, overseas Algorithm founders and VCs, all specializing in cryptocurrency and blockchain technology.
V2B Labs was proud to participate in the event as judges. This was a once-in-a-lifetime opportunity for V2B Labs to dive deeper into the Japanese blockchain market at the Business Idea Pitch Day. Japan is a notable leader in blockchain in Asia and the world recently being called, “the golden mine for blockchain adoption”. Its embrace of blockchain technology is admirable for countries that intend to foster crypto adoption.
This Idea Pitch Day was joined by some of the most promising and popular blockchain firms in Japan such as: ABS代表取締役, CurveGrid, IncubateFund, EXDmusic ファウンダー, etc, which created a great networking opportunity as V2B labs sought to spread its brand presence to the blockchain global community.
The event exceeded expectations with the participation of up to 10 blockchain startup projects focusing on the biggest blockchain trends such as the Metaverse, NFTs, GameFi, Protocols, etc.
A highlight of the Pitch Day is the level of competitive ideas presented by the teams which was empahsized by their inclination to blockchain as a mondatory technology for the future. V2B as part of the judging team picked the following teams as the Top 5 winners:
1. DENTSU
2. SOUQ
3. Visual Coin Team
4. Borcety
5. AIGRAM
V2B Labs commemorated blockchain’s unending creativity through its participation in this event and it remains steadfast in its goal of nurturing burgeoning talent in the crypto space and assisting new teams to realize their dreams.
Creator (V2B Labs’s team) – in a working day with Algorand
About Algorand
Algorand (ALGO) is a blockchain platform and cryptocurrency designed to function like a major payments processor. The Algorand blockchain uses a consensus mechanism called pure proof of stake. ALGO, the native coin of the Algorand platform, is used to secure the platform and reward the platform’s operators.
About V2B Labs
V2B Labs is a visionary R & D firm engaged in blockchain services, a top-tier IT company with more than 10+ years of experience. V2B Labs is a leading laboratory in research, investment, solutions development, technology, products and services related to blockchain with an aim to empower blockchain transformation on a global scale.


[PRESS RELEASE &#8211; Please Read Disclaimer] V2B Labs had an amazing time being part of Ideathon Pitch Day, a blockchain event organized by the Algorand in Tokyo on last May 14, 2022. On May 14, 2022, Algorand successfully organized the Blockchain Business Idea Pitch, joined by well-known Japan...

cryptopotato.com

V2B Labs Judges the Eventful Blockchain Business Idea Pitch Day Alongside Algorand

PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network.
Algoracle’s seed round was led by Borderless Capital, with major contributions from the Algorand Foundation, Valhalla Capital, and Big Brain Holdings, and rounded out by strategic investors Xpand Capital, Parea Capital, OrcaDAO, GMI Capital, and EXA Finance. Thanks to the support provided by all of these organizations, the seed round was a resounding success and generated the aforementioned amount of $1.5 million, much to the delight of the community.
“We are excited to back Algoracle and their vision of bringing data on-chain in a decentralized fashion. This will help developers to build more powerful and sophisticated applications and smart contracts, enabling innovative and disruptive new use cases on top of the Algorand blockchain” said David Garcia, CEO and Managing Partner of Borderless. 
About Algoracle
Algoracle is a decentralized oracle network that links the Algorand blockchain to the physical world. To obtain data, smart contracts building on Algorand can call the feed contract for values. Algoracle will also debut sports, cryptocurrencies, stock, and weather feeds over the coming months.
Moreover, Algoracle employs a network of feed providers and node runners to deliver feeds to smart contracts to ensure decentralization. Currently, institutional-grade providers such as AmberData, Brave New Coin, CryptoCompare, and dxFeed are providing Cryptocurrency price data to power the testnet app. Regarding future goals, the focus will be on adding a variety of feeds such as Sports, Weather, NFT prices as well as off-chain computation capabilities before launching to mainnet.
For more information about Algoracle, check out the official website along with the Twitter and Discord channels.
About Algorand
Algorand is a PPoS (Pure Proof of Stake) blockchain that accelerates the convergence between decentralized and traditional finance by enabling the simple creation of next-generation financial products, protocols, and exchange of value. Founded by Silvio Michali, the recipient of the Turing Award (in computer science), the Gödel Prize (in theoretical computer science), and the RSA prize (in cryptography), the blockchain has managed to find an approach that solves the blockchain trilemma without any compromise. Since its launch in 2019, Algorand has had no downtime and has never forked.
For more information on Algorand, visit the official website and Twitter, and Medium.
 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.


PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network. Algoracle’s seed round was led by Borderless Capital, with major contributions from the Algorand Foun...

news.bitcoin.com

Algoracle Announces $1․5 Million Seed Round

A widely followed crypto analyst is unveiling what he thinks can push Ethereum challenger Algorand (ALGO) to a fresh all-time high.
In a new video, the host of popular YouTube crypto channel Coin Bureau tells his 2.04 million subscribers that smart contract platform Algorand is currently facing a number of fundamental challenges including the exponential growth of ALGO’s supply in the market. 

“The first one is Algorand’s apparent lack of user adoption. Almost every smart contract cryptocurrency I’ve covered recently has seen exponential growth in its user base over the last few months alone, but this exponential growth isn’t as apparent on Algorand. I reckon that this can be chalked up to the fact that the Algorand wallets used to interact with its DApps [decentralized applications] aren’t nearly as familiar or as user-friendly as other browser extension wallets like Metamask.
It also doesn’t help that ALGO’s price has consistently underperformed and that ties into the second challenge. 
Algorand’s tokenomics still aren’t all that terrific, and it seems that the end of accelerated vesting for ALGO’s early investors hasn’t helped with ALGO’s price action at all. To make things worse, supply continues to hit the market. In fact, in a January presentation, the Algorand Foundation’s former CEO, Sean Lee, actually celebrated the fact that ALGO’s supply had increased from 1.4 billion to over 6.3 billion in 2021 alone.”
The Coin Bureau host also says the problems are exacerbated because there is no sufficient demand for ALGO. 
“The main reason why there isn’t much demand for ALGO is because Algorand has focused its attention on catering to institutions and institutional investors instead of retail users and investors. As far as I can tell, Algorand has been trying to increase its institutional catering to Michelin-star levels with its overtly aggressive push to be green.”
Despite these issues, the crypto analyst says the smart contract platform may set new record highs if its strategy to focus on institutional investors pans out. 
“Algorand has quite a few things to work on, but if its focus on institutional adoption proves to be fruitful, it could create the demand ALGO needs to definitively surpass its previous all-time highs.”

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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia
The post Here’s How Ethereum Rival Algorand (ALGO) Can Definitively Break All-Time Highs, According to Coin Bureau appeared first on The Daily Hodl.


A widely followed crypto analyst is unveiling what he thinks can push Ethereum challenger Algorand (ALGO) to a fresh all-time high. In a new video, the host of popular YouTube crypto channel Coin Bureau tells his 2.04 million subscribers that smart contract platform Algorand is currently facing a...

dailyhodl.com

Here’s How Ethereum Rival Algorand (ALGO) Can Definitively Break All-Time Highs, According to Coin Bureau


May 12, 2022 – Madrid, Spain


Bnext announces a total investment of $10 million, as the Spanish fintech giant prepares to complete its token sale.

Borderless Capital has increased its 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 help further Bnext’s goal to continue introducing bleeding-edge financial technologies throughout 2022 and beyond. Borderless Capital will not only provide financial support but also offer invaluable expertise in the Algorand blockchain ecosystem, which will help Bnext accelerate the development of its numerous financial products and drive the adoption of DeFi technology on a global scale.
Algorand and Bnext
The Algorand blockchain offers numerous technological benefits including faster transaction speed efficiency, lower fees, no mining requirements and a permissionless pure proof-of-stake (PPoS) approach to consensus, to name a few. Bnext has already leveraged Algorand to power its wallet app and is developing several more use cases for the future.
Private IDO for Algorand community 
To show support for the Algorand community, Bnext will be reappropriating 350 million B3X tokens for a private IDO, launching on a leading Algorand DEX soon. These tokens represent all that remains from phase two of the initial B3X token sale.
In addition to the IDO allocation, all Algorand community members who participate and hold tokens on the DEX will have priority access to new functionalities and other benefits. Information on the IDO will be released on Bnext’s social media channels in the coming weeks.
Bnext public token sale raises over $5 million
Bnext partially closed its public token sale on March 31, 2022, successfully raising over $5 million. The token sale spanned two seven-day phases across March. Phase one saw participants buy 360 million B3X utility tokens in the first few hours, and another 15 million were purchased in phase two. The remaining B3X tokens from phase two, after the expected IDO, will be burnt to increase liquidity.
The token sale has thus far collectively raised $11 million, with Bnext reserving the last remaining tokens for a private IDO for the Algorand community.
B3X token utility 
The B3X token is a utility token that underpins the entire Bnext ecosystem, whose mission is to bring financial freedom to a global community of banked and unbanked by expanding access to a growing selection of next-generation financial tools and remaining committed to continuously improving the user experience.
The continued support from Borderless Capital will help Bnext to strengthen its growing community and bring more value to users through international expansion. Forthcoming products on the Bnext roadmap include a robust reward system, a diversified marketplace, the crypto wallet app with buying and selling conditions, international money transfers, user discounts and more.
To learn more about how more people are taking back full control of their finances, visit the Bnext website.
About Bnext
Bnext is one of the first Spanish fintech giants and a pioneer as an alternative to traditional banking. The company’s mission is to make it easier for people to control their money in order to live it in a freer, simpler and more intelligent way.
Bnext links 
Telegram ESP | Telegram ENG | Instagram | Twitter | LinkedIn | Facebook
Bnext app
App Store | Google Pay
Algorand links
Twitter | LinkedIn | Facebook | Telegram | Medium | Discord
Borderless Capital links
Twitter | LinkedIn
Bnext is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Contact
Marta Bnext
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The post Bnext Receives Additional $4.5 Million Investment, Led by Borderless Capital To Drive DeFi on Algorand appeared first on The Daily Hodl.


May 12, 2022 – Madrid, Spain Bnext announces a total investment of $10 million, as the Spanish fintech giant prepares to complete its token sale. Borderless Capital has increased its investment in Spanish fintech Bnext to $10 million with a new investment of $4.5 million. What this means for Bnex...

Bnext Receives Additional $4.5 Million Investment, Led by Borderless Capital To Drive DeFi on Algorand

Despite Terra buying $1.5 billion worth of BTC this week, LUNA slipped to a six-week low to start the weekend. Overall, crypto markets remained in the red, however ALGO was one of the rare exceptions to record significant gains. 
Algorand (ALGO)
ALGO was easily one of the biggest gainers during Saturday’s session, as prices rose by as much as 15% on the day.
Following yesterday’s low of $0.63, ALGO/USD rallied to an intraday peak of $0.745 to start the weekend.
The surge saw prices move from long-term support of $0.65, to now hovering marginally below resistance of $0.75.

This current ceiling hasn’t been properly broken since March 21, when prices made their way to a high of $0.95.
Although bulls will be hopeful of a break above this current resistance, there remain some notable obstacles in the way.
Once of which being the current resistance level in the 14-day RSI of 52. However, should this be cleared, we will likely see an influx of ALGO bulls.

Terra (LUNA)
Despite continuing to buy billions of dollars worth of BTC for its reserves, LUNA fell for a third straight day on Saturday.
This latest drop saw prices fall to an intraday bottom of $72.34, which is the lowest point prices have hit since February 28.
Following a false breakout of resistance at $86 on Thursday, bears have continued to pile on the pressure on LUNA/USD, with today’s fall moving below support at $78.

As of writing, the $72 level seems to be acting as an interim floor, with the bullish engulfing candle that followed February’s low a key reason why some traders are optimistic.
Although we might not see a $20 surge in price as seen on that occasion, if this does mature into being a firm floor, it could help inspire more LUNA bulls to return.
Why haven’t we seen any sizable gains in LUNA despite it building reserves with BTC? Let us know your thoughts in the comments.



























Despite Terra buying $1.5 billion worth of BTC this week, LUNA slipped to a six-week low to start the weekend. Overall, crypto markets remained in the red, however ALGO was one of the rare exceptions to record significant gains. Algorand (ALGO) ALGO was easily one of the biggest gainers during Sa...

Algorand price	$0.43157
Low - High 24H	$0.424565 - $0.441064
Market cap	$2.94B
Volume 24H	$93.47M
All time high	$3.56 -87.90% June 20th 2019
All time low	$0.105336 309.08% March 13th 2020
Genesis date	N/A

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