SEC Classification of ALGO Token Causes Price Plunge and DeFi Activity Stalls on Algorand Network

Algorand’s ALGO token has seen a sharp decline in value, dropping to an all-time low of $0.08846 last Thursday. This is largely due to the SEC’s classification of the token as a security, which has caused investor hesitation and a decrease in demand. Additionally, the MyAlgo wallet hack in March resulted in losses of over […]

World Mobile and SingularityNET Partner to Automate Credit Ratings and Customer Support

Word Mobile and SingularityNET have announced a partnership to develop a credit rating system and customer support based on artificial intelligence. World Mobile will open access to its blockchain-based lending system in stages, starting with eligible users and ending with those underserved by traditional banks. By using SingularityNET’s AI technology, World Mobile will be able […]

XRP Price Predicted to Pump 28,250% as Institutional Demand Surges

XRP, the Ripple-backed digital asset, is expected to rally to a three-figure target in the next bull market, according to respected cryptocurrency enthusiast and XRP trader, Egrag Crypto. The analyst highlighted that XRP price is preparing to pump a whopping 28,250 percent based on the analysis of an Average Sentiment Oscillator (ASO) indicator, also known […]

FTX Founder Pleads Not Guilty to Fraud and Money Laundering Charges

Sam Bankman Fried, the former CEO and co-founder of FTX crypto exchange, has been charged with fraud and money laundering. The charges were initially filed in December, but prosecutors added additional charges of campaign finance earlier this month. Bankman Fried appeared in the Southern District of New York courthouse on Aug. 22 and pleaded not […]