Tag Archives: algorand

CoinspeakerPolish Town Mińsk Mazowiecki Launches MinsCoin Stablecoin for Use at Local Businesses The launch of MinsCoin not only provides a new way for residents to interact with local whitelisted businesses and projects but could also shed light on how technology can be used to steer social interactions, economic participation, and solidarity within communities.   Polish Town Mińsk Mazowiecki Launches MinsCoin Stablecoin for Use at...

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 Dump ALGO for ETH The hacker, who took control of Warden’s account, posted a derogatory message aimed at the Algorand...

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, and token metrics. Algorand $ALGO faces challenges as data from @IntoTheBlock shows 88% of holders at loss, 14% price fall...

Algorand entered the Indian market earlier this year with the launch of the AlgoBharat Project. One of the first collaborations was formed with the Self-Employed Women’s Association (SEWA).  Blockchain protocol Algorand (ALGO) has announced its expansion into India through major collaborations with prominent organizations including NASSCOM, TiE Bangalore, and the Mann Deshi Foundation. Algorand’s Impact Strengthened by New Collaboration Under collaboration with NASSCOM, Algorand aims to...

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 year-end, EURD and its associated e-money services are poised to become accessible to businesses and...

It is worth mentioning that this is not the first time the SEC and Chair Gensler have faced scrutiny from US politicians. In a surprising turn of events, United States Representative Tim Burchett has proposed an amendment that seeks to drastically reduce the salary of the Securities and Exchange Commission (SEC) Chair, Gary Gensler, to a mere $1 per year. This bold move is part of a broader effort to defund the SEC, as outlined in the Financial Services and General Government (FSGG) bill....

CoinspeakerSecuritize Acquires Onramp Invest Extending Tokenized Alts to RIAs  Securitize intends to improve liquidity and transparency by transferring private investments onto public blockchains like Ethereum, Avalanche, Polygon, and Algorand. Securitize Acquires Onramp Invest Extending Tokenized Alts to RIAs 

CoinspeakerBank of Spain Approves eToro Registration as Virtual Asset Exchange eToro said that it will continue to empower our Spanish users by providing them with access to a diverse range of asset classes. Bank of Spain Approves eToro Registration as Virtual Asset Exchange

While the SEC’s designation of some cryptocurrencies as securities has shaken the market, the development companies behind these assets have strongly rejected the regulator’s characterization. The United States Securities and Exchange Commission’s (SEC) lawsuit against Binance and Coinbase has resulted in widespread volatility in the crypto market. As part of its legal actions, the regulator identified 19 new cryptocurrencies as securities. According to the SEC, “Coinbase makes these...

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.” MyAlgo Urges Users to Withdraw Funds MyAlgo further explained that the attacked users had significant amounts of assets in...