Algorand

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol.

The price of one Ethereum (ETH) competitor is surging as the global soccer organization FIFA launches digital art on its blockchain. According to crypto analytics firm IntoTheBlock, new users are flocking to smart contract platform Algorand (ALGO) by the thousands daily with the launch of official FIFA World Cup non-fungible tokens (NFTs).

Ethereum Challenger Defies Crypto Markets and Surges 38% This Week As FIFA Partnership Drives New User Growth

NEAR Protocol

Tron

The US-based global crypto exchange platform, PayBito has recently announced adding TRX, NEAR, and AGRO to its asset list for improving the trader's experience. PALO ALTO, Calif.

Global Crypto Exchange PayBito Adds TRX, ALGO, and NEAR to its Asset List

XRP moved to a fresh four-month high on Thursday, which comes as volatility in the crypto markets eased, following the latest U.S. Federal Open Market Committee meeting. The token rose past a key hurdle in today's session, hitting its highest point since May.

Biggest Movers: XRP Hits 4-Month High, ALGO up 17% on Thursday

Solana

Borderless Capital, the Algorand-focused venture firm and Helium investor pushed for Helium to reconsider its prospective new home.

Algorand Boosters Push Back on Helium's Proposed Move to Solana

The $35 million hole in the form of the stablecoin USDC is claimed to be less than 3% of the Algorand Foundation's assets.

Algorand Foundation Seeks 'Legal Remedies' to Reclaim $35M Hodlnaut Deposit

Hodlnaut was placed under Interim Judicial Management after suspending withdrawals from its platform in August.

Algorand Foundation Declares $35M Exposure to Troubled Crypto Lender Hodlnaut

The Algorand Foundation has $35 million exposure in USDC to Hodlnaut. The post Algorand Foundation has $35 million exposure to troubled crypto lender Hodlnaut appeared first on The Block.

Algorand Foundation has $35 million exposure to troubled crypto lender Hodlnaut

Algorand has announced a new upgrade that could boost its transactions per second (TPS) and cross-chain communication security via state proofs. The post Algorand upgrade could increase speed and cross-chain transaction capability appeared first on The Block.

Algorand upgrade could increase speed and cross-chain transaction capability

The international soccer governing body, FIFA, has announced the upcoming launch of an NFT platform for fans of the sport across the globe. FIFA+ Collect will offer digital collectibles perpetuating the greatest game moments of FIFA's world cups, the organization promised.

FIFA to Launch NFT Platform for Soccer Fans

The eyes of the football (or soccer depending on where you're from) world turn to Qatar for the 2022 World Cup later this year. The event will be played in November and December and will feature a new platform with NFTs related to the event held once every four years.

World Cup NFTs Coming: How You Can Get Them And Who Could Be Featured

The platform will debut later this month and will feature memorable soccer moments, art, and imagery.

FIFA Launches NFT Platform on Algorand in Run-Up to World Cup

The collection of notable soccer moments and imagery comes four months after FIFA's partnership with Algorand in May of this year. The post FIFA launches digital World Cup collectibles project on Algorand appeared first on The Block.

FIFA launches digital World Cup collectibles project on Algorand

The NFT clips of classic soccer action are connected to the Algorand blockchain and will debut ahead of the 2022 Qatar World Cup.

FIFA Embraces NFTs Tied to Classic Game Highlights for World Cup 2022

Cardano

Avalanche

Polkadot

Ethereum

Polygon

Proof-of-stake (PoS) is widely considered as the future of cryptocurrencies. The post The Best Staking Coins appeared first on Bitcoin Market Journal.

The Best Staking Coins

Distributed Finance acquires Algorand NFT marketplace Rand Gallery, and closes a $2.5 million seed round led by Borderless Capital. The post Distributed Finance acquires Algorand NFT marketplace Rand Gallery appeared first on The Block.

Distributed Finance acquires Algorand NFT marketplace Rand Gallery

The funds will be used by the Latin American firm to expand infrastructure and build payment rails.

Blockchain Protocol Algorand Leads $22M Investment Round in Tokenization Firm Koibanx

Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridges to network activity and funding Lending protocols have become key aggregators of liquidity across L1s as on-chain yields remain significantly lower than their prior highs in late 2021 Aave continues its dominance in the Avalanche ecosystem, while a pair of lending protocols with “liquid governance” derivatives compete for superiority on Algorand. In the Polkadot ecosystem, liquid-staking derivatives are emerging as one of the most popular ways to attract capital

Layer by Layer Issue 41: Avalanche, Algorand, and Polkadot

Steven Kokinos said he'd still be focusing “on key projects in the Algorand ecosystem.”

Algorand CEO Steps Down to Pursue ‘Other Interests'

Long-time employee W. Sean Ford has been promoted to interim CEO, following the departure of Steven Kokinos. The post Algorand names COO W. Sean Ford as new interim CEO appeared first on The Block.

Algorand names COO W. Sean Ford as new interim CEO

The blockchain technology company appointed current Chief Operating Officer Sean Ford to replace Kokinos on an interim basis.

Algorand CEO Steven Kokinos Departs, Interim Replacement Named

The narrative around Ethereum has shifted, ETH is on a tear, and competing coins appear to be benefiting as well. Will it last?

Solana, Avalanche and Other 'Ethereum Killers' Are Riding the Merge Pump

In this episode of The Scoop, Algorand Foundation CEO Staci Warden provides insight into some exciting developments in the Algorand ecosystem that she hopes will harness the power of Algorand's technology for global good.  The post Algorand Foundation CEO Staci Warden says Algorand is ready to change the world appeared first on The Block.

Algorand Foundation CEO Staci Warden says Algorand is ready to change the world

XMR was a notable mover in crypto markets to start the weekend, as prices rose to their highest level in over four weeks. Despite a large section of the market consolidating on Saturday, ALGO was also higher, as it too hit a multi-week high during the weekend.

Biggest Movers: XMR Surges to 1-Month High, as ALGO Also Climbs on Saturday

The ‘greenest blockchain' has launched a series of Formula E racing helmet NFTs in partnership with Envision Racing.

Algorand's Formula E NFTs Are Tackling Climate Change Head-On

A popular crypto analyst known for doing in-depth research is reacting to the news that a key developer has decided to jump ship to work for a competing project. In a new YouTube update, the pseudonymous host of Coin Bureau known as Guy discusses the implications of top Cardano (ADA) architect John Woods leaving Input […] The post Cardano (ADA) vs. Algorand (ALGO)? Coin Bureau Weighs In on Potential Rivalry Between Top Ethereum Challengers appeared first on The Daily Hodl.

News for Algorand Crypto (ALGO)