A statement from Anthony Scaramucci has revealed the total crypto worth of an Alternative investment firm in Australia’s SkyBridge Capital. He stated that SkyBridge holds crypto worth $700 million presently. The alternative investment firm has filed for a cryptocurrency company ETF which simply means a crypto-based exchange-traded fund. Related Reading | New To Bitcoin? Learn To…
The Algorand (ALGO) blockchain has added over 6 million new accounts to its network since the beginning of 2022. According to AlgoExplorer data, the total number of accounts on Algorand at the turn of the year was 17,373,299, while at press time (by March 10, 2022), this number was 23,548,065. This represents a 35% gain…
Decentralized finance (DeFi) is no doubt one of the leading offerings of the crypto market. DeFi has provided users alternatives to traditional investments that they would otherwise not be able to access and this has been one of the major factors driving the growth of the space. Currently, there are a number of blockchains on…
Popular peer-to-peer file sharing service LimeWire will make a comeback on the blockchain. Per a press release, the platform will relaunch as a non-fungible token (NFT) marketplace running on Algorand. Related Reading | Algorand Blockchain Has Grown 35% In Q1 2022 LimeWire has selected this network, the release claims, due to Algorand’s alleged energy consumption…
As the crypto market has taken a turn for the worse, institutional investors are phasing out their investments in Ethereum. The digital asset had been the victim of multiple outflows that had tanked its total AuM (Assets under management) and this trend has continued this week. Instead of moving to a larger competitor, Bitcoin, institutional…
The Algorand price has been downward for quite a few months now. The coin has fallen by 1.8% over the last 24 hours. The coin has lost over 4.7% of its market value in the past week. Algorand had been consolidating on its chart over the last few weeks, but the consistent lateral trading has…
Bitcoin and Ethereum have always been at the forefront for institutional investors. This is with good reasons too as not only are these the largest cryptocurrencies by market cap, but they are also the most popular with the best prospects. As time has gone on though, competition has become stiffer for the attention of institutional…
Algorand is currently bullish on its chart at the time of writing. Fifa’s governing body announced Algorand to be the official blockchain partner of the World Cup competition. It is set to happen in November. Ever since that announcement, the coin displayed positive price action. After the coin fell through its long-standing support line of…
Algorand native token, ALGO, has dropped 17% since the start of this month and has now joined the group of cryptocurrencies whose prices have tumbled by double digits this month. Algorand sheds 91.30% from ATH of $3.28 ALGO price now trading at $0.2985 MFI at 17 reaches oversold zone Away by 91.30% from its record…
Despite bagging substantial gains earlier in the trading day, Algorand (ALGO) is down over 27% as of writing. The token’s price drop follows a bearish market sentiment that sees major coins plummet on the day. The past seven days had seen the token climb steadily. It even tried reaching its 6-month high of $0.488 yesterday.…