Algorand down 10% despite Foundation claims that it isn’t security

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L2 solution makes Cardano, Algorand network interoperable

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 https://t.co/wpKDNB6LFW pic.twitter.com/1N6SlyRRdz — Charles Hoskinson (@IOHK_Charles) October 19, 2022 What is Milkomedia? Mikomedia is a…

Algorand throws hat in ring as Helium community begins vote on Solana migration

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. Algorand’s chief technology officer John Woods tweeted that ALGO’s blockchain…

Algorand is getting a bridge to Ethereum

The Algorand Foundation has awarded Applied Blockchain a grant to develop the London Bridge, a trustless bridge that will connect Algorand with Ethereum. In a press release shared with CryptoSlate, the Foundation said that the bridge will also enable Algorand’s integration with other blockchain networks and provide a significant influx of liquidity to the growing…

Kava announces $185 million DeFi fund following similar moves by Fantom, Algorand

Eager to scale decentralized finance (DeFi) for mainstream adoption, the cross-chain platform Kava, which counts three protocols, $2,1 billion in assets on-chain, and over 280 thousand users, is ready to expand. The platform’s developers, Kava Labs, recently announced kickstarting its next phase of growth with the launch of the Kava Ecosystem. The announcement revealed that…