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Algorand

All articles tagged with #algorand

cryptocurrency1 year ago

Algorand's Meteoric Rise: What's Next for ALGO?

Algorand's Total Value Locked (TVL) surged by 300% in the past month, driven by protocols like Folks Finance, which saw a 289% increase in assets locked. This growth reflects renewed interest in Algorand's DeFi ecosystem. Despite minor price retracements, ALGO maintains a bullish momentum, supported by rising network activity and trading volumes. However, with both TVL and trading volumes pulling back slightly from recent highs, it remains uncertain if the network can sustain this momentum or if a correction is forthcoming.

via AMBCrypto News|
#algo#algorand#blockchain
cryptocurrency2 years ago

SEC Chair Gary Gensler's Contradictory Stance on Algorand and Crypto Regulation

A video of SEC Chairman Gary Gensler praising smart contract platform Algorand (ALGO) from 2019 has resurfaced on Twitter after the SEC declared ALGO an unregistered security. Gensler referred to Algorand as a "great technology" and contemplated whether it could integrate an Uber or Lyft-like application on its platform. Critics have called out Gensler for apparent hypocrisy and "shilling" ALGO. Gensler is expected to be questioned over his Algorand comments in his upcoming testimony before the U.S. House Committee on Financial Services.

via Cointelegraph|
#algorand#cryptocurrency#gary-gensler
cryptocurrency-regulation2 years ago

SEC Charges Bittrex for Unregistered Securities Exchange Operation

The SEC has categorized six cryptocurrencies as securities in its lawsuit against Bittrex, including Algorand, Dash, Monolith, Naga, Real Estate Protocol, and OMG Network. The agency needs to establish that at least one of the tokens made available by Bittrex is indeed a security, and the inclusion of these tokens in the lawsuit is similar to the SEC's inclusion of coins in other lawsuits without suing the actual tokens themselves. The lack of overlap between coins in different lawsuits could be a result of the SEC not trying to put its eggs all in one basket.

via Decrypt|
#algorand#bittrex#cryptocurrency
cryptocurrency2 years ago

Coinbase and Algorand face staking reward suspension and SEC scrutiny.

Coinbase has discontinued Algorand (ALGO) staking rewards for retail customers, citing a reevaluation of its portfolio of products and services. However, Algorand Foundation CEO Stacy Waden claims that Coinbase informed them of the move due to recent regulatory scrutiny following a Wells Notice from the SEC. Coinbase denies this claim and says the decision is not related to regulatory developments. The change does not affect ALGO token trading and governance rewards for institutional investors. Coinbase is the latest crypto company to receive a Wells Notice from the SEC.

via Cointelegraph|
#algorand#coinbase#cryptocurrency