Algorand

Get Algorand (ALGO) all time high price, historical charts, latest news and other information.


May 18, 2023 – Miami, Florida


Borderless Capital is the manager behind this new fund. Investors include Jump Crypto, Aptos Labs, Polygon Ventures, Solana Foundation, Algorand Foundation, GSR and Arrington Capital, among other institutions.

Over 20 blockchain teams and venture funds have teamed up to launch a $50 million cross-chain ecosystem fund focused on backing and growing new startups that leverage the Wormhole cross-chain messaging protocol.
The Cross-Chain Ecosystem Fund is being managed and operated by Borderless Capital, a leading venture capital firm in the Web 3.0 space.
Backed by top blockchain protocols, infrastructure providers and institutional investors, the fund aims to support cross-chain innovations that will drive the growth and adoption of the Web 3.0 industry.
The Cross-Chain Ecosystem Fund is backed by Jump Crypto, Polygon Ventures, Aptos Labs, Solana Foundation, Sei Foundation, Algorand Foundation, CLabs (the company behind the Celo Blockchain), the Moonbeam Foundation, Optimism, Circle, MultiCoin GP’s Tushar Jain and Kyle Samani, Arrington Capital, GSR, Floating Point Group, Chainlayer, Chainode Tech, 01Node, Staking Fund, Moonlet.io, Forbole Ventures, Syncnode, Inotel, Triton One, Strangelove, Securitize’s CEO Carlos Domingo and OtterSec, among others.
Navigating the Web 3.0 landscape is becoming increasingly challenging due to the proliferation of numerous layer one blockchains, layer two scaling solutions and specialized appchains with unique purposes and parameters.
This complexity poses difficulties for users and alienates developers who are restricted from accessing a single ecosystem, hindering their growth.
The Cross-Chain Ecosystem Fund seeks to unlock the full potential of a cross-chain future, aiming to redefine users’ experiences and establish Wormhole as the cross-chain standard for builders to transcend the limitations of individual ecosystems.
This innovation prioritizes aggregation, security, scalability, compatibility and composability.
David Garcia, CEO and managing partner of Borderless Capital, said,
“We believe in a borderless Web 3.0 future and are thrilled to have the support of our partners and investors who share our vision. In the same way that in Web 2.0 the value was created through aggregating the relationship with the users, we believe that in Web 3.0 this is the natural next step.
“Our goal is to empower builders to transcend the limitations of individual ecosystems, paving the way for blockchain applications and protocols to realize their full potential.”
Wormhole, the technological focus of the fund, is a foundational protocol that enables cross-chain messaging of value and data across more than 23 high-value chains, already leveraged by influential protocols and companies like Uniswap, Circle and Base from Coinbase.
Dan Reeder, head of operations at Wormhole Foundation, said,
“Crypto is still a nascent industry with essentially limitless growth opportunity, and we should be doing nothing but working together, regardless of which specific networks individuals may be more passionate about.
“It’s really exciting to see so many ecosystems come together with leading venture funds to unite on solving the interoperability challenge by supporting startups that integrate Wormhole’s cross-chain messaging standard.”
Builders, founders and developers looking to reach across ecosystems can apply to the Cross-Chain Ecosystem Fund here.
Applications will be reviewed by the fund manager, Borderless Capital, starting this month.
About Borderless
Borderless is a leading investment management firm focused on Web 3.0 technology, dedicated to supporting the next generation of innovators who are driving the development of groundbreaking technologies that will enable the creation of value without borders.
Borderless comprises a team of builders, partners and investors who adopt a long-term perspective and strive to unleash the full potential of open, community-driven networks.
Since 2018, Borderless has invested in over 200 protocols and companies across infrastructure, business applications and nascent cryptographic protocols, and has played an integral role in the development of some of the most significant and innovative Web 3.0 communities.
For more information, please visit their website.
About Wormhole
Wormhole is the industry standard cross-chain messaging protocol powering applications across Web 3.0.
Wormhole provides developers access to liquidity and users on over 20 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance and more.
Wormhole enables a growing suite of products to build on its messaging layer. Wormhole Connect is an in-app bridging widget that can be integrated in as few as three lines of code.
The wider Wormhole network is trusted and used by teams like Circle (USDC) and Uniswap, and to date, the platform has facilitated the transfer of over $35 billion through hundreds of millions of cross-chain messages.
Contact
Borderless Capital Team
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements  





 

The post Leading Crypto Teams and Investors Launch $50 Million Cross-Chain Fund Powered by Wormhole appeared first on The Daily Hodl.


May 18, 2023 – Miami, Florida Borderless Capital is the manager behind this new fund. Investors include Jump Crypto, Aptos Labs, Polygon Ventures, Solana Foundation, Algorand Foundation, GSR and Arrington Capital, among other institutions. Over 20 blockchain teams and venture funds have teamed up...

dailyhodl.com

Leading Crypto Teams and Investors Launch $50 Million Cross-Chain Fund Powered by Wormhole

Algorand (ALGO) has recovered from the bearish trend seen at the end of February 2023. From February 21 till May 8, ALGO recorded a loss of 45.13%, dropping to a low of $1.592. Despite the crash, buyers still pushed up the price of ALGO by more than 6% in the past few days.
Traders are optimistic and are eyeing the next move in the current trend, while the bears are slowing building momentum by holding their strong short position.
Will The Bulls Maintain This Current Bullish Momentum?
The sustainability of ALGO’s current price trend relies on several factors. Market conditions, such as supply and demand dynamics, overall economic factors, and external events, can generally influence the price.
However, the current market sentiment is bullish, while the Fear & Greed Index is 45, indicating neutral. This means the market’s state is stable, and the volatility is not high.
Within the last 24 hours, Algo’s general market cap gained 1.57%, rising to over $1 billion. The 24-hour trading volume surged by 15% overnight, rising to about $33 million.

Notably, at the time of writing, the ALGO token is trading at $0.1683 as bulls continue to have a good day with gains of 2.50%. 
However, the recent increase in ALGO’s general market suggests increased demand for the asset. As more investors and traders buy the asset, the increased buying pressure can lead to a rise in its price. The increase in trading volume suggests improved liquidity for the asset, which tend to attract more investor to the market. 
ALGO Technical Analysis
The price is below the 200-Day and 50-Day Simple Moving Averages (SMA). This suggests that ALGO market sentiment is still bearish; the selling momentum is stronger than the bull’s buying momentum.
However, the asset might rebound if the bulls increase their momentum, as green candles are showing today in the chart. The Relative Strength Index oscillator is showing 40.18. This means the asset is currently at neutral levels; the pressure from bulls and bears is normal.

Also, MACD is currently above the signal indicating a potential uptrend. The histogram confirms the bullish sentiment as its showing green candles and also above zero.

ALGO trades between its primary support and resistance levels of $0.1587 and $0.1853, respectively. The next key zones are the support level – $0.0992 and the resistance level – $0.2427.
Recent Development In The Algorand Ecosystem
Alogrand recently introduced a new plugin-based tool for enhancing Blockchain Data Access named Conduit. Conduit aims at providing improved access to blockchain data. It is an upgrade to the conventional one-size-fits-all Indexer, designed as a modular plugin-based tool. 
This plugin empowers decentralized applications (DApps) by offering precise and tailored data retrieval capabilities, all while maintaining cost-effective deployment options. Such developments on the network could increase adoption and utility and, in time, boost ALGO’s price.
Featured image from Pixabay and chart from Tradingview.com


Algorand (ALGO) has recovered from the bearish trend seen at the end of February 2023. From February 21 till May 8, ALGO recorded a loss of 45.13%, dropping to a low of $1.592. Despite the crash, buyers still pushed up the price of ALGO by more than 6% in the past few days. Traders are optimistic...

newsbtc.com

Algorand (ALGO) Price Turns Positive, Bulls Eyeing Further Gains?

Chief Legal Officer of Coinbase, Paul Grewal, spoke to lawyer John Deaton, host for the Twitter-based podcast CryptoLaw, regarding the exchange’s decision to continue offering Algorand (ALGO). 
The U.S. Securities and Exchange Commission (SEC) earlier classified Algorand as a security in its charges against the Bittrex crypto exchange.

Notably, Coinbase delisted XRP based on regulatory scrutiny in 2021. But it has yet to do the same with ALGO, even as the cryptocurrency faces a similar issue.
Paul Grewal Explains Coinbase Position On Algorand
In his interview, John Deaton discussed the confusion among XRP’s community regarding Coinbase’s approach to making and reviewing listing decisions. 
Paul Grewal stated that secondary sales of assets do not make them securities. However, Deaton believes that the same argument regarding secondary sales applies to XRP tokens. 
According to Deaton, XRP’s suspension from trading on Coinbase was due to the argument that the token is a security under U.S. law. 
However, Coinbase still offers ALGO to traders, frustrating XRP holders who feel penalized. In response, Grewal reiterated Coinbase’s commitment to upholding the rule of law equally for everyone. He sympathized with the plight of XRP holders who believe that a double standard applies to various situations. 
Further, Grewal states that laws and circumstances changed and referred to Coinbase’s amicus brief supporting Ripple in November 2022. He believes crypto exchanges and projects must “team up to withstand a solid adversary,” the U.S. SEC. 
According to Grewal, the SEC is not “above mistakes” in interpreting the law, and the recent enforcements from the body are politically motivated. 
Teamwork Necessary Moving Forward
These remarks come after a meeting between Paul Grewal and Ripple’s General Counsel, Stuart Alderoty. John Deaton remarked that the meeting showed two great General Counsels leading the front line in the battle to improve crypto regulation in the United States. 

Two great GCs leading the front line in battle. I tip my  Gents. https://t.co/YYVBf5wl5h
— John E Deaton (@JohnEDeaton1) May 3, 2023

John Deaton had recommended in a tweet in March 2023 that crypto companies facing SEC enforcement actions need to share ideas. He believes they can create coordinated strategies to defend themselves against the commission and its “excesses.”

Also, Attorney Bill Morgan reacted to the meeting between Coinbase and Ripple’s top legal officers. He believes nothing is “better than teamwork against a common enemy.” Interestingly, Ripple and Coinbase faced regulatory pressure from the SEC on different occasions. 
The SEC charged Ripple for offering XRP tokens as unregistered securities in 2020. While the case continues, the commission served a Wells Notice to Coinbase in February 2023.

Meanwhile, some XRP enthusiasts have called on Coinbase to relist XRP. According to XRPcryptowolf, Coinbase must relist XRP if they “desire Ripple’s help to defeat the SEC.”
Featured image from Coinbase and chart from Tradingview


Chief Legal Officer of Coinbase, Paul Grewal, spoke to lawyer John Deaton, host for the Twitter-based podcast CryptoLaw, regarding the exchange&#8217;s decision to continue offering Algorand (ALGO).  The U.S. Securities and Exchange Commission (SEC) earlier classified Algorand as a security in it...

ALGO Stands Tall: Coinbase Legal Officer Discusses Its Continued Listing

The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Bittrex and its co-founder and former CEO William Shihara with operating an unregistered national securities exchange, broker, and clearing agency.
The SEC also charged Bittrex Global GmbH, Bittrex’s foreign affiliate, for failing to register as a national securities exchange in connection with its operation of a single shared order book along with Bittrex.

The SEC alleges that Omise Go (OMG), Algorand (ALGO), Dash (DASH), Tokencard (TKN), i-House Token (IHT) and Naga (NGC) are all securities in its complaint.
In a new press release, the SEC alleges that since 2014, Bittrex has facilitated the buying and selling of crypto assets in a way that violates securities laws.
From 2017 through 2022, Bittrex earned at least $1.3 billion in revenues, while servicing US investors as a broker, exchange, and clearing agency without registering any of these activities with the Commission, according to the SEC.
The complaint further alleges that Bittrex and Shihara coordinated with issuers to delete “problematic statements” from public channels that could lead a regulator, such as the SEC, to conduct investigations.
Says SEC Chair Gary Gensler,
“Today’s action, yet again, makes plain that the crypto markets suffer from a lack of regulatory compliance, not a lack of regulatory clarity…
As alleged in our complaint, Bittrex and issuers that it worked with knew the rules that applied to them but went to great lengths to evade them by directing issuer-applicants to ‘scrub‘ offering materials of information indicating that certain crypto assets were securities. 
Further, Bittrex, as alleged, failed to register and comply with U.S. securities laws as an exchange, broker-dealer, and clearing agency. Cosmetic alterations did nothing to change the underlying economic realities of the offerings and Bittrex’s conduct. Today we’re holding Bittrex accountable for its non-compliance.”
 
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox 

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix



Check Latest News Headlines

&nbsp


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/ProleR
The post SEC Goes After Bittrex in New Enforcement Action, Says Algorand and Five Crypto Assets Are Securities appeared first on The Daily Hodl.


The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Bittrex and its co-founder and former CEO William Shihara with operating an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Bittrex Global GmbH, Bittrex’s foreign affiliate, ...

SEC Goes After Bittrex in New Enforcement Action, Says Algorand and Five Crypto Assets Are Securities


The head of the Securities and Exchange Commission, Gary Gensler, has been caught promoting Algorand. Critics are calling him a hypocrite. 



Footage has emerged of Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), promoting the cryptocurrency Algorand (ALGO). Gensler, SEC chair since 2021, is spearheading a regulatory crackdown on Bitcoin and other cryptocurrencies.



At one point in the clip, Gensler speaks highly of Italian computer scientist Silvio Micali, the project’s founder. “Silvio Micali’s Alogrand, he’s a Turing Award winner at MIT I work with… Silvio’s got a great technology, it has performance, you could create Uber on top of it.” 



Moreover, Gensler appears to have been speaking highly of Algorand at multiple public events since at least 2019.



Despite his anti-crypto stance at the SEC, Gensler is also listed as an instructor on a MIT Open Learning course, “Blockchain and Money.” 



One of Gensler’s colleagues at the SEC has criticized his opposition to blockchain technology. “Rather than embracing the promise of new technology as we have done in the past, here we propose to embrace stagnation, force centralization, urge expatriation, and welcome extinction of new technology,” Commissioner Hester Peirce said on April 14. 



Gensler’s Anti-Crypto Reputation



In the United States, promotion of a security falls under the Securities Act of 1933 and the Securities Exchange Act of 1934. These laws regulate the offer and sale of securities, require registration or an exemption, and prohibit misrepresentation or omission of material facts. And those who fall afoul can face civil and criminal penalties, including fines and imprisonment.



Last year, the SEC took legal action against reality star Kim Kardashian for touting a crypto security. 



The news comes on the same day that the SEC named six crypto tokens listed on Bittrex as securities. Algorand is among them.  According to the SEC, these tokens should be securities under US law because investors expected to make a profit from them.



On Monday, the SEC also announced the appointment of Inspector General Deborah J. Jeffrey. But it is not yet clear if the new official will investigate Gensler for potentially promoting Algorand as a security.
The post SEC Chairman Gary Gensler Caught Shilling Algorand, Now Deems It a Security appeared first on BeInCrypto.


The head of the Securities and Exchange Commission has been caught promoting Algorand. Critics are calling him a hypocrite. 
The post SEC Chairman Gary Gensler Caught Shilling Algorand, Now Deems It a Security appeared first on BeInCrypto.


Algorand price	$0.152789
Low - High 24H	$0.150322 - $0.153245
Market cap	$1.11B
Volume 24H	$24.50M
All time high	$3.56 -95.71% June 20th 2019
All time low	$0.105336 45.03% March 13th 2020
Genesis date	N/A

Recently viewed

Trending

Algorand (ALGO)

Performance

Algorand News

Quick stats