A closely followed crypto analyst says that one top-10 altcoin is forming one of the most bullish digital asset market structures around. In a new strategy session, crypto trader Ali Martinez tells his 108,000 followers on the social media platform X that payments altcoin XRP is forming a bull pennant pattern. A bull pennant pattern […]
The post Analyst Says Top-10 Altcoin Has a Massively Bullish Setup, Maps Path Forward for Polygon, Ethena and Algorand appeared first on The Daily Hodl.
A closely followed crypto analyst believes that two altcoins have the potential to skyrocket by as much as 5x before this cycle is over. Pseudonymous analyst Altcoin Sherpa tells his 228,100 followers on the social media platform X that he’s extremely bullish on the altcoin market. According to the analyst, even average altcoins will see […]
The post Analyst Names Two Altcoins That Can Soar About 600% This Cycle, Updates Outlook on Dogecoin appeared first on The Daily Hodl.
Cardano and Hedera join the Decentralized Recovery Alliance alongside Ripple and Algorand to shape the future of crypto security standards.
Cardano’s development arm, Input Output (IOHK), and Hedera, a decentralized public network, have joined the Decentralized Recovery Alliance (DeRec Alliance) as founding members.
According to a press release shared with Cointelegraph, the two entities join Algorand Foundation, Hashgraph, Ripple and XRPL Labs to lead the security and trust Web3 initiative.
Cardano and Hedera will serve on the Technical Oversight Committee for the next two years, helping shape policies and standards to facilitate crypto recovery and simplify user experience.
Tether, the company that manages the issuance of USDT, the largest stablecoin of the crypto market, has announced a shift in its focus on providing support to blockchains based on community interest. The company announced it would stop minting USDT tokens in two blockchains, Eos and Algorand, starting June 24. Tether Announces Change to Community-Driven […]
Tether discontinues support for the EOS and Algorand implementations of its flagship stablecoin USDT.
Stablecoin giant Tether is continuing to transform its flagship U.S. dollar-pegged stablecoin, USDT, by halting the issuance of new USDT on several more blockchains.
Tether will stop minting USDT on EOS and Algorand blockchain starting June 24, the firm officially announced on its blog on Monday.
Following the termination, Tether will continue to redeem USDT on EOS and Algorand "as usual" for the next 12 months. “Further changes may be evaluated and announced around that time,” the announcement notes.
The Algorand Foundation’s latest ad takes a swipe at the “big three” crypto networks, saying they're too slow, too expensive or prone to failure.
The foundation behind layer-1 blockchain Algorand has attracted mixed feelings over a new ad that takes a big swipe at rival networks Bitcoin, Ethereum, and Solana — suggesting they are not suitable for payments.
On May 23, the Algorand Foundation released a new advertisement on YouTube titled “When blockchains meet the real world, only one delivers.”
The ad features a supermarket checkout with shoppers attempting to pay in three different crypto assets, Bitcoin (BTC), Ether(ETH), and Solana (SOL).
Ripple, XRPL Labs join DeRec Alliance to set new standards for easy and secure digital asset recovery across the industry.
The post Ripple, XRPL Labs join Algorand Foundation as founding members of Decentralized Recovery Alliance appeared first on Crypto Briefing.
The X social media account of the Algorand Foundation’s chief executive has been hacked, marking the third major exploit of crypto-related X accounts this month. In a new thread, the firm behind smart contract platform Algorand (ALGO) has announced that the X account of Staci Warden, the company’s CEO, has been hacked and warns against […]
The post Algorand Foundation CEO’s X Account Compromised As Spree of Crypto Social Media Hacks Continue appeared first on The Daily Hodl.
Bitcoin is set to break its eight-week winning streak, but that has not affected the prospects of ATOM, FIL, EGLD, and ALGO, which look strong on the charts.
Bitcoin’s (BTC) eight-week winning streak is likely to end as the price is down nearly 4% this week. The recent weakness indicates profit-booking by traders but it does not change the short-term uptrend. The pullback will also help reduce the froth that may have been building.
After the initial shakeout, strong hands are likely to re-enter the crypto market as the macro environment remains bullish for risk-assets. The decision by the Federal Reserve to pause rate hikes and possibly reduce rates in 2024 could further boost demand for crypto products.
However, nothing goes up in a straight line. After sharp rallies, traders generally book profits and shift their focus to other coins. As Bitcoin takes a breather, traders' are likely to turn their attention to select altcoins.
The United Nations Development Programme (UNDP), which is tasked with eliminating poverty in over 170 countries, wants to educate its 22,000 staff on distributed ledger technology.
A United Nations agency tasked with helping countries eliminate poverty is set to upskill its 22,000 staff in blockchain technology, with the ultimate goal of helping countries achieve “sustainable development” growth.
According to a Nov. 30 statement, the United Nations Development Programme (UNDP) has partnered with the Algorand Foundation to launch a blockchain academy in 2024.
The academy will serve the UNDP's 22,000 staff members across 170 countries, educating them about distributed ledger technology and blockchain, including how it could be used for financial inclusion, supply chain transparency, real-world asset tokenization, and digital identity applications.
During the Algorand Impact Summit in New Delhi, UNDP’s expert for alternative finance and low carbon development, Robert Pasicko, told the audience the partnership will enable the organization to “upskill, empower, and inspire UN practitioners around the world.”
The curriculum will include lectures, workshops, and hands-on assignments and will be “instrumental in equipping our team with the tools needed to address complex global challenges using blockchain technology,” said Pasicko.
Breaking news from #AlgoImpactSummit
— Algorand Foundation (@AlgoFoundation) November 30, 2023
The @UNDP partners with the Algorand Foundation to launch the Algorand Blockchain Academy.
The academy will be made available to over 22,000 United Nations staff in 170+ countries.
https://t.co/wfWBaFOW0E
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Head of education and inclusion at the Algorand Foundation, Doro Unger-Lee, added that education was a “critical first step toward identifying and delivering actionable, on-the-ground use cases of blockchain to help achieve the Sustainable Development Goals in a number of areas.”
