Category Archive : Algorand

Kraken Is Offering 4.75% Yearly for Staking ALGO Tokens

Digital assets firm Kraken is pleased to confirm that it now supports staking for holders of Algorand’s native token, ALGO.

You may head into the Earn section of your account to “put your ALGO to work today.”

What is Algorand?

Algorand is a Proof-of-Stake (PoS) blockchain that rewards users for “contributing their funds as part of the network’s validation process.” With a goal of delivering faster, scalable and more cost-effective smart contracts, it “departs from the traditional infrastructure that underpins leading cryptocurrencies,” the announcement noted.

What you need to know

  • You can earn as much as 4.75% in yearly rewards, distributed on a weekly basis.
  • Deposits “require 10 confirmations (~45 seconds)” and you can “add ALGO to your Kraken account by navigating to Funding, selecting the asset and hitting Deposit.”

Will Kraken list more assets?

Yes, however, the company notes that its policy is to “never reveal any details until shortly before launch – not even which assets we are considering.”

The company confirmed that all of Kraken’s listed tokens are “available on [their official] website, and all future tokens will be announced on…


The Drone Racing League and T-Mobile Bring Epic Championship Drone Race to the Las Vegas Strip

The world’s best drone pilots will race for the championship title at the DRL Vegas Championship Race Presented by T-Mobile, the finale of the 2021-22 DRL Algorand World Championship Season, at T-Mobile Arena on Wednesday, January 5, 2022, during the Consumer Electronics Show (CES) in Las Vegas, Nevada

Published: Oct. 25, 2021 at 7:00 AM EDT|Updated: 40 minutes ago

NEW YORK, Oct. 25, 2021 /PRNewswire/ — The Drone Racing League (DRL), the world’s premier, professional drone racing property, today announced the DRL Vegas Championship Race Presented by T-Mobile, the finale of the 2021-22 DRL Algorand World Championship Season. The final race of the season will take place on a thrilling outdoor course along the Las Vegas strip at T-Mobile Arena on opening night of CES, Wednesday, January 5, 2022.

The DRL Vegas Championship Race Presented by T-Mobile, the finale of the 2021-22 DRL Algorand World Championship Season, will take place on a thrilling outdoor course along the Las Vegas strip at T-Mobile Arena on opening night of CES, Wednesday, January 5, 2022.

As the biggest event during the largest global tech conference, the DRL Vegas Championship Race Presented by T-Mobile will feature…


Co-Founder at Axelar, a Decentralized Interoperability Network, Explains how Platform Connects Blockchains, Apps, Users

We recently connected with Sergey Gorbunov, Co-founder and CEO of Axelar, the decentralized interoperability network that connects blockchain ecosystems, applications and users.

In August, Axelar had entered into a strategic partnership with Keplr, the largest Cosmos interchain wallet. The partnership had aimed to integrate the Keplr wallet into the Axelar network to tap into liquidity within the Cosmos ecosystem “and beyond.”

Keplr is reportedly the largest Cosmos interchain wallet and enables traders to effectively manage their digital assets, seamlessly access decentralized applications (dApps) and stake crypto tokens from Secret Network, Cosmos Hub, and Kava, all from a single place.

Through this integration, users can easily transact, stake, and take part in the Axelar network governance through the Keplr web and mobile wallets. The partnership will also enable digital assets to be transferred from the Axelar network to other Cosmos chains and back through IBC, which is being supported by the Axelar network and Keplr wallet.

Since the Axelar network will interconnect with various other chains, users can move assets from all Cosmos chains to other ecosystems connected…


Algorand (ALGO) Falls As It Collaborates With Sequoia Games – Own Snap

Algorand’s token is trading at the value of $1.85, accounting for a 0.1% increase. During the week, the market has been volatile. However, it shows positive dynamics, prices are jumping from $1.76 to $1.93. However, this does not compare with the very first results on the market, when the price for a token was more than $ 3. This is in July 2019. But crypto does not despair and in September began its journey to the approach of the big mark. Sequoia Games collaborates with Algorand as the digital ledger behind its new Flex NBA product, a National Basketball Association-licensed board game that uses augmented reality.
For Algorand, this project will bring a new NET upgrade to its fantasy football product and help raise $680 million to expand to other sports. Algorand’s agenda focuses on the basement of borderless economies across the countries. Now it aims to build an open and public blockchain. 


Algorand Must Hold Above Key Support to Resume Uptrend – Crypto Briefing

Algorand Must Hold Above Key Support to Resume Uptrend  Crypto Briefing


ALGO Crypto Could Become An Alternative to Ethereum With More Apps

Algorand (CCC:ALGO-USD) is an $11 billion market cap crypto that some are looking to dethrone Ethereum (CCC:ETH-USD) as the king of Dapps (decentralized apps) and Defi (decentralized finance). A lot of people are looking to push higher as an alternative to Ethereum.


ALGO crypto is the 20th largest blockchain digital asset in the crypto universe, according to Coinmarketcap. In the last month, it has risen 5.3% to $1.78. But in the last 2 months from Sept. 7, Algorand has risen 47.5% from $1.2071 to $1.78 as of Oct. 20.

Recent Developments With Algorand

El Salvador recently recognized Bitcoin (CCC:BTC-USD) as a valid legal tender. As part of that announcement, Algorand was selected as the official blockchain platform for the project. In addition, the ALGO crypto was selected as the blockchain to assist El Salvador to develop its own blockchain infrastructure according to the Cointelegraph magazine.

In fact, it was actually a Latin American firm, Koibanx, which signed a “cooperation agreement” with El Salvador on Aug. 31. One of the activities in the project will be a national blockchain Covid certification program. Other…


Is ALGO ready to Launch Above $2.50?

The Algorand price is corkscrewing in a tight descending triangle pattern, indicating the ALGO token will soon breakout in either direction. Algorand (ALGO/USD) is currently trading at $1.785 (-0.32%), up +9.70% in October and 425% year-to-date. ALGO is currently valued at just under $10 billion and is the 20th-largest cryptocurrency behind Shiba Inu (SHIB/USD).

The Algorand Network witnessed a surge in investor interest in the third quarter. The ALGO token jumped 280% from the July lows to a 2021 high of $2.55 on the 10th of September. However, within a week, the Algorand price was 40% lower at $1.54 and failed to replicate the summer strength since. Like many altcoins, Algorand has been unable to follow Bitcoin higher recently. This morning, the market leader printed a new record price of $67,000 following the Proshares Bitcoin ETF (BITO) launch. A logical explanation could be that capital has rotated from altcoins into BTC to take advantage of the ETF launch. As a result, ALGO, like many of the mid-tier cryptos, is showing signs of exhaustion. However, depending on how the technicals play out over the next few days, a bullish scenario may…


Former SEC Trading and Markets Director Brett Redfearn Joins Securitize Leadership Team

Veteran of SEC, J.P. Morgan and Coinbase Joins as Senior Strategic Advisor and Chairman of Securitize’s Advisory Board

Published: Oct. 20, 2021 at 6:15 AM CDT|Updated: 5 hours ago

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ — Securitize, Inc., the regulated platform for issuing and trading digital asset securities, announced today that Brett Redfearn has joined the company’s leadership team as Senior Strategic Advisor to Chief Executive Officer Carlos Domingo, and will also serve as Chairman of the company’s Advisory Board.

Prior to joining Securitize, Redfearn served as Director of the Securities and Exchange Commission’s Division of Trading and Markets, where he oversaw initiatives critical to the efficient and fair functioning of the trading markets and protection of investors. He also previously served in a variety of capital markets leadership roles for J.P. Morgan and, most recently, Coinbase.

“When we founded Securitize four years ago, we knew the digitization and democratization of finance that could be achieved using blockchain was only possible if we built the company in accordance with the existing U.S. regulatory framework,” said Securitize CEO Carlos Domingo. “Brett has…


Decentology Secures $4.3 Million to Build the Future of Decentralized Apps

Decentology Secures $4.3 Million to Build the Future of Decentralized Apps


GoSayHELLO App Receives $300,000 Algorand Foundation Grant to Incentivize Engagement Using Blockchain Asset ($HELLO)

ATLANTA, GA / ACCESSWIRE / October 19, 2021 / GoSayHELLO App, Inc. receives $300,000 grant from the Algorand Foundation, one of the top 20 blockchains in the world. The grant will fuel a networking platform to incentivize close-proximity engagements utilizing Algorand Standard Assets (i.e. $HELLO tokens).

GoSayHELLO facilitates interaction between people, businesses, places, and events nearby. GoSayHELLO’s mission is to be the #1 utility for in-person engagement by connecting users in close proximity with similar interests. GoSayHELLO’s vision is to be the perfect platform that allows users to discover, engage, and connect with other users and businesses with similar interests in their current location be it university campuses, parks, community events, tourist sites, shopping malls, and even festivals. The platform strives to be a localized community building platform by connecting the right people in the right place at the right time.

“The idea to incentivize engagement utilizing blockchain came about while attending a brunch party in Atlanta when I noticed the lack of engagement between people throughout the venue. It seemed like everyone was on their phones, taking pictures…


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