The Algorand Foundation has been tasked by the United Nations Development Programme (UNDP) to create an educational curriculum focused on Web3 for its workforce. The announcement, made on November 30th, reveals that the Algorand Blockchain Academy will be accessible to over 22,000 UNDP employees as well as personnel linked to various other United Nations agencies.

A global initiative

The curriculum will reportedly emphasize the practical applications of blockchain technology within the framework of sustainable development. During the first quarter of 2024, a beta version of the course will commence, progressively rolling out across the UNDP global staff throughout the year. Robert Pasicko, a UNDP research and data analyst specializing in alternative finance and low carbon development, announced the initiative at the Algorand Impact Summit in New Delhi.

Pasicko expressed enthusiasm, stating that the Algorand Blockchain Academy will be instrumental in equipping the team with the tools needed to address complex global challenges using blockchain technology. He further mentioned the goal to upskill, empower, and inspire UN practitioners globally.

The initiative will also involve participation by representatives of Algorand ecosystem projects such as HesabPay, Wholechain, Koibanx, and Quantum Temple.

Slow and steady

Doro Unger-Lee, Head of Education and Inclusion at Algorand Foundation, sees this initiative as a crucial step toward identifying and delivering practical use-cases of blockchain to support the Sustainable Development Goals (SDGs) across various areas.

This move aligns with the broader trend of the UN embracing Web3 and distributed ledger technologies. Still, while the UN has shown a progressive stance toward adopting blockchain, a cautionary note was sounded in August 2022 by the UN Conference on Trade and Development, warning about the potential risks of unregulated cryptocurrencies, such as threats to monetary stability and the potential for tax evasion in underdeveloped economies.

The Algorand Foundation has been tasked by the United Nations Development Programme (UNDP) to create an educational curriculum focused on Web3 for its workforce. The announcement, made on November 30th, reveals that the Algorand Blockchain Academy will be accessible to over 22,000 UNDP employees as well as personnel linked to various other United Nations agencies.

A global initiative

The curriculum will reportedly emphasize the practical applications of blockchain technology within the framework of sustainable development. During the first quarter of 2024, a beta version of the course will commence, progressively rolling out across the UNDP global staff throughout the year. Robert Pasicko, a UNDP research and data analyst specializing in alternative finance and low carbon development, announced the initiative at the Algorand Impact Summit in New Delhi.

Pasicko expressed enthusiasm, stating that the Algorand Blockchain Academy will be instrumental in equipping the team with the tools needed to address complex global challenges using blockchain technology. He further mentioned the goal to upskill, empower, and inspire UN practitioners globally.

The initiative will also involve participation by representatives of Algorand ecosystem projects such as HesabPay, Wholechain, Koibanx, and Quantum Temple.

Slow and steady

Doro Unger-Lee, Head of Education and Inclusion at Algorand Foundation, sees this initiative as a crucial step toward identifying and delivering practical use-cases of blockchain to support the Sustainable Development Goals (SDGs) across various areas.

This move aligns with the broader trend of the UN embracing Web3 and distributed ledger technologies. Still, while the UN has shown a progressive stance toward adopting blockchain, a cautionary note was sounded in August 2022 by the UN Conference on Trade and Development, warning about the potential risks of unregulated cryptocurrencies, such as threats to monetary stability and the potential for tax evasion in underdeveloped economies.

The Algorand Foundation has been tasked by the United Nations Development Programme (UNDP) to create an educational curriculum focused on Web3 for its workforce. The announcement, made on November 30th, reveals that the Algorand Blockchain Academy will be accessible to over 22,000 UNDP employees as well as personnel linked to various other United Nations agencies.

A global initiative

The curriculum will reportedly emphasize the practical applications of blockchain technology within the framework of sustainable development. During the first quarter of 2024, a beta version of the course will commence, progressively rolling out across the UNDP global staff throughout the year. Robert Pasicko, a UNDP research and data analyst specializing in alternative finance and low carbon development, announced the initiative at the Algorand Impact Summit in New Delhi.

Pasicko expressed enthusiasm, stating that the Algorand Blockchain Academy will be instrumental in equipping the team with the tools needed to address complex global challenges using blockchain technology. He further mentioned the goal to upskill, empower, and inspire UN practitioners globally.

The initiative will also involve participation by representatives of Algorand ecosystem projects such as HesabPay, Wholechain, Koibanx, and Quantum Temple.

Slow and steady

Doro Unger-Lee, Head of Education and Inclusion at Algorand Foundation, sees this initiative as a crucial step toward identifying and delivering practical use-cases of blockchain to support the Sustainable Development Goals (SDGs) across various areas.

This move aligns with the broader trend of the UN embracing Web3 and distributed ledger technologies. Still, while the UN has shown a progressive stance toward adopting blockchain, a cautionary note was sounded in August 2022 by the UN Conference on Trade and Development, warning about the potential risks of unregulated cryptocurrencies, such as threats to monetary stability and the potential for tax evasion in underdeveloped economies.

An agreement was recently announced between popular crypto exchange Gemini, Genesis Global Capital, LLC (Genesis), and Digital Currency Group (DCG) which brings Gemini Earn users one step closer to reclaiming their funds. Cameron Winklevoss, Co-Founder of Gemini, disclosed the agreement on Twitter.

Genesis halted withdrawals in November 2022 after being embroiled in a public battle over the Earn program, prompting users and Cameron himself to threaten legal action against both the company and DCG founder Barry Silbert. They demanded that Genesis provide a concrete plan for repaying the $900 million loan Gemini made to Genesis Global, which has since gone bankrupt.

As per the agreement, Gemini shall therefore contribute a maximum of $100 million for Earn users, and the terms of the agreement with DCG reportedly also include the sale of Genesis Global Trading.

Additionally, DCG will convert its existing $1 billion note due in 2032 into convertible preferred stock as well as refinance its existing 2023 term loans in two tranches that would be made payable to creditors totaling just about $500 million.

The catastrophic earthquake which struck Turkey and Syria on February 6th left a path of devastation in its wake, affecting countless communities and individuals.

Binance has therefore announced an airdrop of $100 USD worth of BNB tokens to all users residing in the earthquake-affected regions. The process of identifying eligible users shall involve reviewing Proof of Address (POA) submissions made before February 6th in various earthquake-affected cities, namely Adana, Adyaman, Diyarbakr, Gaziantep, Hatay, Kahramanmaraş, Kilis, Malatya, Anlurfa, and Osmaniye.

Much like the situation regarding the Russian invasion of Ukraine, the usage of crypto transfers for delivering financial aid has steadily grown in popularity, as these transfers are quick, unrestricted, transparent, cost-effective, and seamless, making them well-suited for offering aid in emergency situations.

Lastly, while the aforementioned POA process is not perfect, Binance believes it is the best option for locating users affected by the disaster. The total value of the donations is anticipated to be around $5 million. Binance Charity additionally established a public donation address, encouraging people to donate to the Emergency Earthquake Appeal with cryptocurrencies such as BTC, ETH, XRP, BUSD, and BNB.

The highly anticipated FOMC meeting recently took place, and there was much to discuss not just regarding crypto but also the overall market and the record-setting inflation levels which were the highest they have been since 1982.

What happened?

In summary, US Federal Reserve Chairman Jerome Powell confirmed at the FOMC meeting that the central bank expects to raise interest rates twice more, at the very least. Still, his acknowledgement that the disinflationary process has officially begun has provided traders with some semblance of reassurance that those would be the final two hikes of this cycle and that the Fed shall be on hold midway through the second quarter of 2023.

Correspondingly, his repeated emphasis on various core services has offered a clear inflation metric for traders to monitor in order to determine what the central bank shall do within the next few months. Powell also talked about the ongoing conflict in Ukraine and how that is adversely affecting the economy, but is hopeful that inflation will continue to ease somewhat.

How did the market react?

Following a modest reaction to the monetary policy statement, the market appears to have concluded that the FOMC meeting was more dovish than expected. Still, the crypto market continues its gradual road to recovery, as investors gradually make their return while Bitcoin looks to slowly gain momentum once more.

In any case, the United States Dollar (USD) is losing 50-100 pips against all of its major competitors. Infact, the entire Treasury yield curve is steadily falling, with the closely watched 2-year yield decreasing by over 10 basis points to 4.12%. Elsewhere, gold went up 12 points on the day to just under $1,960, and the broad US indices were up as well, led by a 1.5% gain in the Nasdaq 100.

What comes next for Bitcoin?

The Fed-provided benchmark rate rested between 450 and 475 basis points as of the time of writing, its highest level since 2007. The 25-point increase corresponded with market expectations and was less severe than the 50-point increase in December.

For its part, Bitcoin was trading around $23,000 before the announcement and saw little movement in the aftermath. Nevertheless, there has been a steady increase since last month after rallying alongside numerous tech stocks in response to the positive inflation data that arose at the end of 2022.

Furthermore, with inflation seemingly on the decline, market participants began to suspect that the Fed was planning to either slow or reverse its interest rate hikes, thereby making investment easier and hopefully bolstering the economy.

Sberbank (SBER.MM), the largest lender in Russia, recently announced its plans of launching a decentralized finance platform within the next few months. Sberbank claims that it wants to make the Russian DeFi system the best in the world, to which end it is currently beta testing its own platform.

Based on distributed ledger (blockchain) technology, decentralized finance platforms enable users to conduct traditional banking transactions like investing, saving, and lending. Various traditional financial institutions across the globe are actively investigating how to enter the burgeoning sector and integrate DeFi technology into their own existing regulated operations.

According to Konstantin Klimenko, Head of Products at the blockchain branch of Sberbank, the lender shall begin open testing of its platform in March and hopes to commence commercial operations by the end of April. Klimenko also indicated that the DeFi platform would be built on the Ethereum blockchain, a popular choice by many.

Advocates claim that the new platform could significantly decrease banking costs and even replace traditional banks, while detractors believe it has few real-world applications and suffers from the same drawbacks as crypto in general including lack of regulation and vulnerability to money laundering and other kinds of fraudulent activities.

Cardano (ADA) has now launched its first overcollateralized stablecoin, Djed (DJED), on the mainnet. DJED is designed to be pegged to the US dollar and is backed by ADA.

Djed may best be understood as a community-driven decentralized open-source protocol that allows users to hold, mint, and burn DJED and SHEN. DJED is currently available on Bitrue, Muesliswap, Wingriders, and Winswap, with more listings reportedly on the way.

COTI (COTI), a Djed-issuer, announced last month that Djed had officially transitioned to a multi-chain network which now supports private payment networks. The deposit fees for Djed will also be reduced by 50% as the company transitions from a fixed withdrawal price to a dynamic system.

COTI stated that the changes would aid in the widespread acceptance of crypto assets as payment for goods and services, which many have called a much-needed and welcome decision.

With that in mind, COTI announced that the launch is a significant step forward for both them and DeFi in general. The highly anticipated public mainnet launch of Djed heralds a new era for stablecoins and is indicative of just how important a milestone this really is for COTI and Cardano.

The crypto scene is replete with useful apps, some of which are good for trading and investment, others for earning rewards, and yet more for keeping up to date with the latest news on market movements.

We've compiled this list of top app options for anyone who wants to get more out of their interest in crypto in 2023, but doesn't know where to start.

Coinbase

In terms of pure accessibility, Coinbase remains the most appealing crypto-focused app. It doesn't intimidate newcomers with a complex interface, but instead ushers them into buying and selling crypto assets with a user-friendly design, while still offering ample resources for those who want to take things further.

And of course because there are lots of other exchanges out there, this competition means that Coinbase is one of many platforms that wants to incentivise new customer sign-ups with bonuses. You can find referral-based incentives for this app and many others on Cryptocurrency Codes, and get a bit of a boost at the start of your trading journey.

Financial Times

With apps for Android and iOS, it's well worth having the official FT offering installed on your device of choice, whether you're only interested in crypto or you've got a broader investment portfolio that you want to stay on top of.

The coverage offered by this venerable publication is of an unquestionably high quality, and the app also provides alerts for breaking stories which lets you stay ahead of the curve regarding market movements.

Nexo

With millions of users worldwide, a variety of currencies and assets supported, and the potential to buy, earn, exchange and even borrow crypto, there are more than a few reasons for Nexo being so popular.

As you'd expect, there are also juicy incentives for those who start using the platform and then invite others over to join them, such as the promise of earning interest on funds deposited by those you refer.

Binance

Another long standing name on the crypto scene, Binance is still as relevant in 2023 as it has been over the past few years. And many prefer its app because of the in-depth trading options it offers when compared with the competition.

It's especially well suited to those who are compelled by the altcoin opportunities that are out there. So if you're already absorbing lots of tips and advice from crypto YouTubers, and you want to take what you've learned and put it into practice, this is the app that will assist you in your aims.

The Issue Of Centralized Exchanges

Final Thoughts

It would be remiss of us not to briefly touch on the conundrum of centralization which has ironically afflicted certain crypto exchanges in recent months.

Scandals such as the collapse of FTX show that contrary to the founding principles of the crypto movement, exchanges themselves are eager to get investors to put all their eggs in one basket. This in turn creates the possibility for catastrophes afflicting one entity to impact millions of users in a major way.

So ultimately the point to make about crypto apps is that you don't have to just pick one and stick to it. In fact it pays to take advantage of the aforementioned referral codes and incentives from several different exchanges, as well as to keep your ear to the ground from as many news outlets as possible, so that you've got a more rounded picture of the state of play right now.

Dr. Dritan Abazovi, who serves as the Prime Minister of Montenegro since 28th April, 2022, recently talked about a meeting he had with two high ranking Ripple executives.

Small countries like Montenegro generally lack the most basic necessities, including things like physical and human capital, a problem that is becoming more acute as technology advances. Their governments usually struggle to support innovation so policymakers must consider everything which affects the accumulation of all types of capital in order to design, implement, and coordinate viable policies.

On January 18th, 2023, reports started surfacing about the aforementioned meeting which involved Ripple CEO Brad Garlinghouse and Ripple VP for Central Bank Engagements and CBDCs, James Wallis. The discussion focused on the creation of a payment infrastructure which could boost financial accessibility and inclusion.

The local government is therefore open to new value and investment categories, a mindset which culminated in the launch of a pilot project with Ripple and the Central Bank to create the very first digital currency or stablecoin for the country.

Arizona State Senator Wendy Rogers has introduced numerous crypto-related bills in the past, with the most recent one being to make Bitcoin (BTC) legal tender in the state. This marks a new trend in the United States wherein many government officials have realized that, despite their best efforts to curb the booming industry, crypto and its associated components (NFTs, blockchain, the metaverse, and so on) are not going anywhere.

What happened?

The right-wing senator tweeted that she has already launched her crypto bills and that her state senate Republican colleagues Jeff Weninger and J.D. Mesnard have also co-sponsored the bills, one which seeks to make the flagship crypto legal tender.

According to the bill, Bitcoin is defined as a fully decentralized, P2P virtual currency in which a record of transactions has to be maintained at all times through the blockchain and that new units of this digital currency are generated via the computational solution of mathematical problems. The bill also clarified that Bitcoin operates independently of any central bank, intermediary, or third party.

Another bill would permit state agencies to enter into a deal with a crypto issuer to offer a viable procedure of accepting cryptocurrencies as payment for various purposes such as civil penalties, fines, charges, rates, rent, taxes, revenue, special assessments, and any other financial obligation.

In 2022, Rogers had introduced a similar bill in Arizona to make BTC legal tender, however she was denied. She would later tweet that centralized digital money controlled by central bankers is equivalent to financial slavery, and that a truly decentralized currency, like Bitcoin, is synonymous with liberty, the very basis upon which the country was built.

Bitcoin becoming mainstream?

Despite a tumultuous year for crypto in 2022, which saw many incidents like the collapse of Terra and FTX, interest in crypto and crypto-related products has only continued to increase. Many major names in several industries like Emirates, Samsung, JPMorgan, Microsoft, Starbucks, and more have expressed interest in either crypto or the underlying technology behind it and its related components.

El Salvador became the inaugural nation to accept Bitcoin as legal tender alongside the United States Dollar in September 2021. Since then, the country has bought thousands of BTC for its treasury, led by pro-crypto president Nayib Bukele who also announced in November that El Salvador is buying Bitcoin on a daily basis and that the country will be using geothermal energy to power Bitcoin City.

It has been a difficult time for Porsche as its initial NFT drop of model 911 vehicle-inspired tokens failed to sell out. The digital assets did not achieve the aforementioned goal mainly because the initial mint price of 0.911 ETH combined with the lack of a clear roadmap turned off many investors.

Most recently, Porsche established a precedent in the NFT sector by including a 14-day return period in the terms of its debut collection.

Notwithstanding the fact that consumer laws have been in effect for EU and UK customers since before NFTs were invented, the idea that users can return an NFT for the full amount they paid, even if the floor price has dropped to zero, has understandably sparked outrage on social media.

The distance selling regulations, as they are being called, cover digital goods and downloads such as books as well as in-game purchases. Consumer rights for NFT buyers and sellers, like much of crypto, are murky. If it is upheld, this legal aspect could prevent projects from pulling the rug out from under unexpecting buyers.