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news-imageSeptember 12, 2022

Algorand Foundation Faces $35M Losses from Exposure to Troubled Crypto Lender Hodlnaut

The losses at Algorand relate in part to exposure to Hodlnaut. The firm said it is pursuing a legal approach to recover such losses from Hodlnaut.
Publisher: Blockchain News
Sentiment: Negative
ALGO

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Positive
cover-imageThe Currency Analytics
November 20, 2024

Algorand Price Prediction: ALGO Remains Bullish Despite 15% Dip

Algorand (ALGO) has been one of the standout performers in the cryptocurrency market, particularly in November 2024. After experiencing significant price gains in October and continuing into November, the asset saw a sharp 15% dip, prompting many to question the sustainability of its upward momentum.

Positive
cover-imageThe Currency Analytics
August 26, 2024

Algorand Price Prediction 2024-2030: Will ALGO Reach $0.30 This Year

Algorand (ALGO), a cryptocurrency once hailed for its innovative Proof-of-Stake (PoS) consensus mechanism, has seen significant price fluctuations over the years. As 2024 unfolds, investors and traders are keen to know whether ALGO can recover from its recent lows and possibly reach the $0.30 mark by year's end.

Positive
cover-imageNewsBTC
August 23, 2024

Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%

In a recent report analyzing the second quarter (Q2) performance of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones achieved by the network during the period, with a record in transactions being one of the most notable ones. Rapid Network Growth One of the key metrics that stood out was the surge in Algorand's average daily transactions, which skyrocketed by 104% to reach 4.7 million.

Negative
cover-imageInvezz
July 29, 2024

Algorand outlook: over 90% of ALGO holders at loss amidst stalling prices

While crypto enthusiasts celebrate Bitcoin's move towards the $70K mark, Algorand (ALGO) investors count significant losses. Data shows that 92% of ALGO holders are counting losses at current prices. Only 5% are in money, with 3% at break-even. That comes after Algorand's bearish actions over the past few months. The altcoin has plunged 55.

Positive
cover-imageThe Currency Analytics
July 8, 2024

Sweden's Central Bank Tests Algorand and Hedera for Revolutionary e-Krona Digital Currency

The world increasingly turns its attention to the potential of Central Bank Digital Currencies (CBDCs), Sweden's Riksbank is leading the charge by testing two prominent blockchain platforms, Algorand and Hedera, for its e-Krona project. This move marks a significant step in the journey toward a digital economy, aiming to enhance transaction efficiency while minimizing environmental impact.

Positive
cover-imageThe Currency Analytics
July 2, 2024

Algorand Price Prediction 2024-2030: Can ALGO Make a Comeback

Algorand (ALGO) has carved out a niche with its robust platform designed for scalability, security, and speed. As we look ahead from 2024 to 2030, the question on investors' minds is whether ALGO can stage a comeback from recent lows and potentially reach new heights in the crypto market.

Positive
cover-imagePYMNTS
June 26, 2024

Algorand Debuts LiquidAuth for More Secure Crypto Communications

Blockchain builder Algorand has debuted a tool for decentralized authentication and communication called LiquidAuth. As the company said in a news release Wednesday (June 26), LiquidAuth is an open-source solution for “authenticated peer-to-peer communication between wallets and apps/dApps,” designed to end the “overreliance” on centralized wallet communication provider WalletConnect.

Neutral
cover-imageInvezz
June 24, 2024

Tether halts USDT minting on Algorand and EOS

Tether, the issuer of the world's largest stablecoin, has announced it will stop minting its dollar-linked USDT token on the Algorand and EOS blockchains. This decision is part of a strategic shift to focus on community-driven blockchain support, aiming to balance maintainability, usage, and community interest.

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