Tagged: algo

Algorand’s Venture Arm, Algo Capital, Loses Millions in Crypto Wallet Security Breach

Algo Capital, the investment division of the US-based blockchain startup Algorand, reportedly lost around $1-2 million in Algorand (ALGO) tokens and Tether (USDT) stablecoins after the company CTO Pablo Yabo’s mobile phone was hacked. The security breach allowed hackers to access an Algo hot wallet… Read More

Algorand Raises $60 Million in Token Auction

Singapore based Algorand successfully raised $60 million in a dutch auction token sale this week. The Algorand Foundation said the auction was “met with overwhelming demand” as they distributed the first 25 million Algos to global auction participants. Algorand boldly claimed this was the “start… Read More

Algorand Foundation Schedules Dutch Auction for Native Algo Tokens

The Algorand Foundation has announced its Dutch Auction will take place on June 19th. The Foundation said this will be the first of a series of auctions for the Algo the native token of the Algorand platform. The Algorand Foundation has a vision of a… Read More

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