Borderless Capital launches half billion dollar fund for Algorand projects

Borderless Capital is looking to use its $500 million fund to back projects powering the “next generation” of decentralized projects on the Algorand blockchain. Capital venture firm Borderless Capital has launched a fund worth $500 million to support projects building on the Algorand blockchain. According to a Nov. 30 announcement from the Miami-based company, the Borderless ALGO Fund II will aim to back digital assets powering the “next generation” of decentralized applications (DApps) on Algorand. We are excited to announce the launch of our $500M Borderless ALGO Fund II!https://t.co/EP0U6Ib8HV pic.twitter.com/okXf6GBFo8…

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CryptoCat Token (CCAT) Listed on Crypto Exchange Whitebit

CryptoCat (CCAT) has now been added to WhiteBIT’s trading platform. CryptoCat is the Global Leader and Innovator with a highly experienced team striving to make a difference in the world of blockchain technologies and Smart Crypto Cities. With the token on the WhiteBIT cryptocurrency exchange, a crucial milestone has been reached for the project. It is expected that trading fees would be minimal and that tokens may be obtained safely by users. CCAT is now available on #WhiteBIT. You can now buy, sell, and trade CCAT on the #exchange. Available…

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Bitcoin network settling an average of $95K for every $1 in fees

Bitcoin’s settlement efficiency has been improving which means more value can be sent for lower transaction fees. The Bitcoin network’s value settlement efficiency has been improving steadily recently, with more being settled for lower fees. Over the past week, the Bitcoin network has transferred or settled an average of $95,142 of value for every $1 worth of fees. The on-chain settlement efficiency has been gradually increasing since May as more has been moved around the network during the bull cycle. On-chain analyst Dylan LeClair made the observation using data from…

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Blockchain is Changing the Casino Industry

Blockchain has revolutionized the casino world. Many of the online casinos featured on Winvio work with blockchain. They provide the customers the ability to instantly withdraw funds and offer products from iGaming developers. In addition, blockchain casinos have secured payment services, inaccessible to third parties. The widespread acceptance of cryptocurrencies in online casinos has made it easier for gamers to bet freely and securely. Blockchain doesn’t need an introduction to online games. It’s a decade-old invention that has penetrated the market with its innovative and decentralized influence. However, trust on…

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Half of Uniswap v3 liquidity providers are losing money: New research

A recent study of Uniswap v3 pools revealed that on average, almost half of the liquidity providers are losing money due to impermanent losses. Recent research shows that impermanent losses have become an increasing issue for liquidity providers on Uniswap v3.  A Nov. 17 report by Topaz Blue and the Bancor Protocol found that 49.5% of liquidity providers on Uniswap v3 have incurred negative returns from impermanent loss (IL). The report highlighted that Uniswap v3 generates the highest fees of any automated market maker (AMM) today, but IL surpasses those…

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Lawmakers push back on crypto provisions in Infrastructure Bill

The latest proposal from a group of House Democrats seeks to change how updates to the tax code affect crypto entities “who do not engage in brokerage services.” Lawmakers from both sides of the aisle are fighting back against changes to tax reporting rules for crypto brokers and transactions over $10,000 in the newly passed Infrastructure Bill.  Ten U.S. Democratic Congresspeople led by Rep. Darren Soto from Florida called for revisions to the definition of a broker in the infrastructure bill that was passed into law on Nov. 15. The…

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A quarter of Aussie crypto users plan to buy crypto Christmas gifts: Survey

Crypto under the Christmas tree? A recent survey found that more than a quarter of Aussie crypto users plan to buy crypto-centric gifts this festive season. More than a quarter of Australian crypto users surveyed in October plan to use digital assets as a part of their Christmas presents this holiday season. The survey by crypto wallet and services provider Crypto.com polled 2,020 Australians aged 18-59. Of those that had used crypto over the past 12 months, 26% responded that they would consider giving some away for Christmas or buying…

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DFG piles $12.6M into Astar Network’s Polkadot parachain bid

Astar Network currently ranks third place in Polkadot’s first parachain auction behind Acala and Moonbeam. The first-ever parachain auction on Polkadot is heating up, with leading projects from the Polkadot ecosystem competing for the coveted first slot. On Nov. 15, DFG Group — a global blockchain investment firm controlling $1 billion in assets under management — announced it had pledged 300,000 DOT tokens (worth $12.65 million) in support of Astar Network’s parachain bid. Polkadot will use parachain auctions to realize its sharded proof-of-stake ecosystem. In order to secure a parachain…

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Animoca Brands unveils plans for K-pop NFT metaverse

Animoca Brands has announced it will partner with Korean record label Cube Entertainment to build a “K-pop metaverse.” Nonfungible tokens (NFTs) continue to disrupt the mainstream entertainment industries, with NFT gaming firm Animoca Brands partnering with Korean record label, talent agency and music production company, Cube Entertainment, to build a “K-pop music metaverse.” Announced on Nov. 15, the partnership will see Animoca and Cube work together to create multimedia NFTs celebrating popular actors and K-pop musicians on Cube’s roster. The NFTs will feature images such as artist portraits and album art,…

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Elon Musk dumps $1.1B in Tesla stock, NYCCoin launches with mayor’s blessing and Mastercard pushes crypto-linked cards in Asia: Hodler’s Digest, Nov. 7-13

Coming every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more a week on Cointelegraph in one link. Top Stories This Week Crypto markets tag $3T combined market cap for first time At the start of this week, the combined cryptocurrency market cap broke $3 trillion for the first time. The market has fluctuated heavily this year, previously topping out at $2.62 trillion during the height of the…

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