Category: Algorand

Makor Group raises funds at $200 million valuation to expand crypto brokerage

Makor Group raises funds at $200 million valuation to expand crypto brokerage

Makor Group, a brokerage and investment banking firm with a growing crypto business, has closed a Series A fundraise. The round values Makor at $200 million, according to a press release. The press release did not specify how much money had been raised, but a person close to the firm said it had secured $17 […]

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Republic is offering ‘security NFTs’ for fans who want to invest in songs and albums

Republic is offering ‘security NFTs’ for fans who want to invest in songs and albums

Investment platform Republic is now offering what it calls “Security NFTs,” aimed at giving music fans the opportunity to share the rights to artists’ royalties. These so-called “S-NFTs” represent fans’ investments in artists’ songs and albums, and the subsequent returns those music assets generate through plays, streams and licensing.  One of Republic’s main aims is […]

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Layer by Layer Issue 10: Avalanche, Tezos, Fantom, Algorand, and Polkadot

Layer by Layer Issue 10: Avalanche, Tezos, Fantom, Algorand, and Polkadot

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 The L1 landscape has changed dramatically over the past three months, and protocols within individual ecosystems continue to compete for liquidity, utilizing incentives, […]

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Altcoin watch: Quant and Algorand top the charts as Cardano and BNB lead consolidation for major altcoins

Altcoin watch: Quant and Algorand top the charts as Cardano and BNB lead consolidation for major altcoins

The past 24 hours have seen many altcoins shed some of the gains from earlier this week, but Algorand and QUANT are leading the gainers. Binance Coin, Solana, Cardano, Polkadot and Chainlink have all lost at least 5 percent as we head into the weekend. The past week has been great for altcoins, with some […]

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Ethereum challengers are dangling token rewards to attract big-name DeFi projects — and it’s working

Ethereum challengers are dangling token rewards to attract big-name DeFi projects — and it’s working

Quick Take Seven different challenger blockchains have rolled out rewards programs for DeFi developers. The incentive schemes have packed an immediate punch, but can the momentum be sustained? This feature story is available to subscribers of The Block Daily. You can continue reading this Daily feature on The Block. Get free Bitcoin Bitcoin Generator

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Scaramucci’s SkyBridge, Algorand, and NAX Will Launch a $250M Fund to Enhance Blockchain Adoption

The New York City-based global investment firm intends to double down on its cryptocurrency endeavors by partnering with a trading platform called NAX and Algorand to raise a quarter of a billion dollars to spread blockchain usability among institutions. CNBC report outlined SkyBridge Capital’s latest endeavor in relation to the digital asset industry. The institution […]

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Weekly Market Overview: Here Are the Top 3 Gainers, ALGO, EGLD, and NEAR

Known for its volatility, the digital currency ecosystem recorded the two extremes in its price trend this past week. While many digital assets opened the week to a bullish trend, resulting in an All-Time High (ATH) for cryptocurrencies like Solana (SOL), the uptrend was not sustained as the market recorded a flash crash that parred […]

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Tether’s 1,500% Market Cap Increase in 500 Days — USDT Stablecoin Market Nears $70 Billion

Tether’s 1,500% Market Cap Increase in 500 Days — USDT Stablecoin Market Nears $70 Billion

The stablecoin giant tether is by far the largest dollar-pegged crypto asset in the crypto economy and today, the number of tethers in circulation is nearing $70 billion. 90 days ago on June 12, 2021, the number of tethers in circulation was around 63 billion tokens and the supply has swelled by 9.99% since then. […]

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Algorand Foundation Launched a $300M Fund for DeFi Innovation: ALGO Taps a 2-Year High

Algorand Foundation Launched a $300M Fund for DeFi Innovation: ALGO Taps a 2-Year High

The Foundation behind the popular blockchain project – Algorand – has started a new initiative aiming to enhance the developments in the DeFi sector. Called Viridis DeFi Program, it will be a $300 million fund to support innovation on the Algorand network. In a statement dated September 10th, The Algorand Foundation announced the launch of […]

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Layer by Layer Issue 6: Fantom, Tezos, Algorand, and Polkadot

Layer by Layer Issue 6: Fantom, Tezos, Algorand, and Polkadot

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 As the cryptocurrency market continues to recover from its lows earlier this year, DeFi protocols and infrastructure are beginning to emerge in L1s […]

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