Decentralized exchanges, or DEXes, give you control over your assets. You just need a non-custodial wallet and there are no intermediaries. There's also no KYC involved for visiting a DEX. Plenty of reasons to use them, also on Algorand. So, let's have a closer look at the 3 best DEXes on Algorand....
Algorand has been selected as the blockchain to support an innovative digital guarantee platform for Italy's banking and insurance markets. Cryptocurrencies are now gaining more popularity and adoption. Adoption and real-life use cases influence the price of an asset and make it durable. Bitcoin is accepted as a form of payment on numerous platforms as the world looks to migrate to a cashless...
Algorand is a green blockchain developed to offer a vast array of use cases primarily to enable decentralized finance. Among the most impressive achievements of Algorand is that it is not just carbon neutral but has gone even further and made itself carbon negative in 2021. As one of the most advanced blockchain networks in history, Algorand has garnered considerable attention, with VC...
Algorand is an open-source blockchain that uses a pure proof-of-stake (PPoS) consensus protocol based on Byzantine agreement. So, the platform achieves consensus without a central authority. With the industry in a state of chaos, the subject of security and safety has never been more important. Although Algorand boasts several safety features, we'll...
Last week, we announced the launch of the Zone X Algorand PlayFi League, which is the biggest Web3 gaming competition with a prize pool of $150,000. The competition received a warm reception from the gaming community, as gamers from various parts of the world gathered to enjoy the thrill of Web3 gaming. The Zone X Algorand PlayFi League commenced on the 18th of...
The blockchain gaming industry remains one of the most stable sectors of the market. While DeFi suffered the biggest blow from the bear market, gaming continues to be a lucrative activity, especially when done on the right platform. Zone, an Algorand-based platform, offers one of the most...
The blockchain gaming industry remains one of the most stable sectors of the market. While DeFi suffered the biggest blow from the bear market, gaming continues to be a lucrative activity, especially when done on the right platform. The Zone X Algorand PlayFi League, an Algorand-based platform,...
Great investment options provide enormous profits when the market is favorable. As many crypto assets are expected to recover from their recent collapse, the upcoming year has been called the "recovery year" by analysts. Numerous cryptocurrency enthusiasts appear ready for the anticipated period of price pumps, and the new projects are also expected to have a successful run.
Cardano (ADA) founder Charles Hoskinson announced that Algorand (ALGO) is now on the Cardano network in reaction to the news that Mikomedia A1 Rollup is live on Algorand. And by the power of blockchain transitivity, Algorand is now on Cardano...
Crypto investment firm Hivemind deploying $25 million into Algorand DeFi is one of several catalysts attracting liquidity to the Layer 1 chain. Algorand Receives VC Boost A new cash injection...
Crypto enthusiasts are always on the lookout for new and upcoming cryptocurrencies that have the potential to offer high returns. Moshnake (MSH), a new cryptocurrency with amazing play-to-earn (P2E) potential, is one such crypto currently garnering a lot of attention.
Algorand is one of only a handful of cryptocurrencies in the green after the Federal Reserve raised U.S. interest rates by 75 basis points yesterday. Algorand Defies the Market Algorand...
The crypto market is an arena where price predictions reign supreme. Investors and traders are always trying to predict the prices of tokens in the hopes of getting in early and benefiting from a surge in price. As the crypto winter is in full gear, it has become harder for investors to predict how the market will turn and what token prices will...
Algorand is a decentralized network designed to tackle the Blockchain Trilemma of simultaneously achieving decentralization, security, and speed. The blockchain is known for its green stance and was launched by computer scientist and MIT professor Silvio Micali. Algorand is an open-source, permissionless blockchain network on which any developer can build their DeFi apps. The blockchain platform focuses on achieving near-instant finality...
Algorand (ALGO) network believes it would be a better option for Helium (HNT) than Solana (SOL) even as voting commenced on the migration proposal. Two top executives of Algorand urged Helium developers to reconsider their stance on Solana because ALGO's network offers a better option....
The Algorand Foundation has disclosed that it has invested $35 million in USD coin (USDC) in the beleaguered crypto lender Hodlnaut. The cryptocurrency lending firm had paused its withdrawals earlier last month.Algorand is a blockchain infrastructure which has embedded smart contract...
Summary: The Algorand Foundation confirmed its exposure to crypto lender Hodlnaut. Hodlnaut paused withdrawals and deposits in August citing liquidity constraints. Sources pegged the foundation's exposure at around $35 million in Circle's USD Coin (USDC). The funds were initially invested to generate passive yield to bolster Algorand's ecosystem and development. At press time, the exposure to Hodlnaut does not pose a threat to...
FIFA, the global governing body of soccer, is launching a new NFT collectibles platform with the highly anticipated World Cup just around the corner. The new platform will be launched on Algorand, continuing an existing partnership between the two parties. Let's take a look at what we know from initial announcements that have been released this week. FIFA+ Collect: The Organization's First Real...
The advantage of true decentralization comes from the cost-effectiveness, the lack of bureaucracy, and the retention of governance in the hands of the people. Many decentralized finance (DeFi) options and applications have seen market highs due to this advantage, especially in the area of decentralized exchanges (DEX) and the play-to-earn (P2E) gaming industry.
The Central Bank Digital Currency is also known as a CBDC. Many countries and Central Banks are showing an interest in them. They will peg to the value of a local fiat currency. Whether we like them or not, it's likely we will see them entering the digital space. Algorand made this report as a case to build CBDCs on their blockchain. Various...
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