On Monday, June 24, Tether, the issuer of the popular stablecoin USDT, announced its decision to halt the minting of USDT on the Algorand and EOS blockchain networks. The company cited plans to concentrate on blockchains with expanding communities as the reason for this change. Although new token issuance has ceased, Tether assured that token...Read More
On January 26, the Twitter account of Staci Warden, the CEO of the Algorand Foundation, was hacked. The breach was announced via an official post by the Algorand Foundation, cautioning the community against interacting with any links or responding to private messages from the compromised account to prevent potential asset theft. Hacker Urges Community to...Read More
Proof-of-stake blockchain network Algorand appears to be in a rough season as on-chain metrics show that more than 80% of users holding its native token, ALGO, are in losses. According to a tweet by pseudonymous X user Slim Daddy, data from blockchain intelligence firm IntoTheBlock shows that Algorand is experiencing stress in its profitability, growth,...Read More
Quantoz Payments, a subsidiary of Dutch blockchain firm Quantoz, has secured a license as an electronic money institution (EMI) under the oversight of the Dutch Central Bank. The authorization empowers Quantoz Payments to issue its inaugural regulated and programmable euro legal tender, EURD, on the Algorand network. Launching EURD on the Algorand Blockchain Anticipated by...Read More
Algorand-based wallet provider MyAlgo has cautioned users to withdraw assets from all wallets created with a mnemonic phrase as the company continues investigating an exploit that led to a $10 million loss. The wallet provider tweeted on February 26, warning users that “a targeted attack was carried out against a group of high-profile MyAlgo accounts.”...Read More
The non-profit organization behind the development of the Algorand blockchain infrastructure – Algorand Foundation – has confirmed a $35 million USDC exposure to Hodlnaut. Additionally, it said it is pursuing all legal remedies to maximize asset recovery from the embattled crypto lender. Despite the hole in the balance sheet, the organization does not expect to...Read More
The prominent European investment firm, CoinShares, announced the launch of physically-backed staked Algorand ETP. Staked Algorand ETP (RAND) According to the official press release, the new crypto investment product will launch on Germany’s primary market, Xetra, operated by Deutsche Boerse. CoinShares Physical Staked Algorand, under the ticker RAND, will utilize the firm’s proprietary technology platform,...Read More
Tinyman opened about the latest attack that started on January 1st. A few “unauthorized users” breached some of the protocol’s pools after compromising a previously unknown vulnerability on its smart contracts. Tinyman Compromised According to the official blog post, the attack resulted in a drain of certain ASAs in the first hours. This, in turn,...Read More
With cryptocurrency markets experiencing intermittent bearish momentum, some coins show bullish signs. Today’s biggest gainer on Crypto.com is Algorand, up a modest 8% in the past 24 hours. What is Algorand, and why did the price rise today? Let’s find out. What Is Algorand? Algorand is a blockchain-based platform for decentralized applications. It features a...Read More
The New York City-based global investment firm intends to double down on its cryptocurrency endeavors by partnering with a trading platform called NAX and Algorand to raise a quarter of a billion dollars to spread blockchain usability among institutions. CNBC report outlined SkyBridge Capital’s latest endeavor in relation to the digital asset industry. The institution...Read More
Most of the crypto-community is obsessed with titles. Any cryptocurrency or a blockchain project advertised with the title of XYZ-killer is particularly popular. Ethereum, the world’s largest altcoin, is often the target of such dubious comparisons. The latest to do so is Coinbase after it recently published a blog that identified 9 blockchains it classified...Read More
While Bitcoin is currently rallying towards a position above $14,000, the rest of the altcoins are struggling to find their bullish groove. Source: CoinStats With most altcoin depreciating over the past 24-hours, the market structure for Crypto.com Coin, Tezos, and Algorand was no different. Facing strong resistance right above their price range, the short-term analysis...Read More
In what is a significant development, Algorand will be partnering with VeriTX to build a digital marketplace for Aerospace Manufacturing. In a recent announcement, VeriTX Corp, a marketplace for digital assets enabling decentralized manufacturing, said it will develop a digital supply chain for aircraft parts using Algorand‘s blockchain technology. The VeriTX digital marketplace allows customers...Read More
Algorand Europe Accelerator was launched today to support early-stage projects looking to build applications on the Algorand platform. It is the first Europe-focused accelerator for developers and entrepreneurs building on Algorand and will provide an array of tools and resources for creating decentralized applications. According to a press release received by AMBCrypto, the accelerator, which...Read More
Bitcoin SV had been on a downtrend for the better part of August; Algorand showed signs of lowered volatility and pointed toward consolidation. Steem registered large moves both upward and downward, and indicated where good trading opportunities were. Algorand [ALGO] Source: ALGO/USDT on TradingView ALGO set a local high at $0.75, but was forced back....Read More
Bitcoin was trading beneath its support zone at $11,400 while Ethereum also dipped to support at $371. The weak performance of these giants prompted other coins to follow suit. Zcash and EOS have also been caught in a downtrend and showed no signals of reversing the trend. Algorand showed a possible bull pattern but it...Read More
After Bitcoin’s dip to $11,400, the crypto market saw red for many coins over the weekend. At press time, Bitcoin was staging a possible recovery upward priced at $11,760. Large-cap altcoins also saw modest price gains and some indicated that their pullback was complete, and the previous uptrend might continue. Litecoin was holding on to...Read More
Market Volatility is at a new high for all digital assets. For the altcoins, the market has been rather turbulent as a correlation with Bitcoin maintains minimal levels. Over the past 24-hours, while assets such as Algorand suffered significantly, Ethereum maintained its consolidation above the price of $425 while Dash indicated a minor rise. Ethereum...Read More
Litecoin, VeChain and Algorand have all tested important short-term supports. VeChain looked poised for more gains. Algorand looked likely to move upward, while Litecoin broke below support and would look to maintain the psychological $50 level as well. Litecoin [LTC] Source: LTC/USD on TradingView Litecoin had a 24-hour trading volume of $2.6 billion. Ranked 8...Read More
It would appear that many people see merit in blockchain technology to fight the coronavirus crisis on a global scale. Algorand is the latest project to throw its hat into the ring, as its new blockchain app launched earlier this week. Algorand is a relatively established project in the blockchain space. Algorand Wants to Help...Read More
The month of February has been great for altcoins, with many smaller cryptos seeing intense upwards momentum that has allowed some to set fresh all-time highs, while others post significant gains against Bitcoin. This upwards momentum seen amongst many altcoins has led investors and analysts alike to grow increasingly keen on finding the next altcoin...Read More
Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China. Bitfinex shareholder Zhao Dong has explained in a recent interview that Tether is also preparing to launch...Read More
