Curv And Algorand Partner To Advance Institutional Digital Asset Security

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NEW YORK and BOSTON, Jan. 28, 2021 /PRNewswire/ – Curv , the world’s most trusted digital asset security platform, and Algorand , a world-class blockchain powering secure and efficient frictionless exchange, today announced a partnership that will see Curv integrate Algorand within its asset-agnostic technology infrastructure. Algorand will also be leveraging Curv’s solutions for internal use.

The partnership will allow institutions to build the most secure wallet functionality into applications on the Algorand open source proof of stake network, using Curv’s industry-leading multi-party computation (MPC) technology, and will enable Curv’s customers to transact and store ALGO and ALGO-based ASA tokens.

Josh Schwartz, COO of Curv, said: “We’re delighted to add ALGO to Curv’s fast-growing portfolio of natively supported assets. We are seeing increasing demand from major institutional firms for a fast, efficient and ultra-secure way to trade and hold digital assets across ledgers. Our partnership with Algorand will spur investor participation in the digital asset class.”

“As DeFi and CeFi converge, we are thrilled to partner with Curv and bring their leading digital asset wallet solution to Algorand’s institutional users,” said W. Sean Ford, COO of Algorand. “Algorand and Curv have an aligned vision for advanced technology that is required to modernize financial systems of the future. We look forward to the opportunities for our users that this partnership will enable.”

Edward Woodford, CEO and Co-Founder of Zero Hash, said: We are pleased that Curv is supporting Algos and Algorand Standard Assets, which are frequently requested by our clients. Zero Hash is now easily able to expand our digital asset settlement platform to include these two fast growing assets. In particular, Algo has attracted attention from clients who wish to use it to earn yield from staking and to settle existing stable coins quickly via the Algorand protocol."

Curv’s cloud-based, battle-tested MPC-based infrastructure eliminates the single point of failure by removing the need for a private key to transact. The company’s off-chain, distributed approach delivers the safest, most reliable and scalable way to sign transactions and manage any digital asset on any blockchain. The only firm to offer digital asset insurance protection up to $50 million, through leading insurance provider Munich Re, and the only MPC solution to achieve SoC2 Type II certification and ISO accreditation, Curv is trusted by crypto native and traditional financial institutions worldwide, including leading investment managers and global banks such as BNP Paribas.

Algorand is providing technology that will allow economies of the future to thrive as the friction is removed from any exchange of value. The blockchain was designed specifically with Layer-1 core primitives that enable global scale, speed, security, finality, and advanced tools (such as Smart Contracts) required for a modern financial system. In enabling faster transactions with far lower fees, Algorand is spurring greater adoption of crypto assets among major financial institutions.

In addition to supporting USDC, Algorand has a wide range of supported stablecoins that includes licensed e-money in Euros, British pounds, and Icelandic krona (all from Monerium); Stablecorp’s QCAD (first fully-compliant Canadian-dollar stablecoin); USDT from Tether (the most widely traded stablecoin); Meld Gold (a gold-backed stablecoin); and more.

Contact

[email protected]

About Curv

Curv is the world’s most trusted digital asset security platform. Curv is setting a new institutional standard for digital asset security by using keyless cryptography to deliver the world’s most secure, versatile and scalable digital asset security solutions. Curv’s unique multi-party computation (MPC) platform gives institutions the bulletproof protection, instant availability, and total autonomy over digital assets required to thrive in the digital economy. The company is the only institutional cloud-based, MPC wallet provider for digital assets and the first of its kind to achieve SOC2 Type II Certification. Curv is swiftly being adopted by leading exchanges, custodians, OTC desks and brokers, traditional financial institutions and digital asset managers. Curv is supported by investors Digital Currency Group, Team8, Flybridge Capital Partners, Jump Capital and Monex Group. Founded in 2018, Curv is headquartered in New York with R&D offices in Tel-Aviv, Israel. For more information, visit https://www.curv.co/ .

About Algorand

Algorand Inc. built the world’s first open source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. This blockchain, the Algorand protocol, is the brainchild of Turing Award-winning cryptographer Silvio Micali. A technology company dedicated to removing friction from financial exchange, Algorand Inc. is powering the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain and providing responsible privacy models. For more information, visit www.algorand.com .

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SOURCE Algorand

Polkadot, Compound, Algorand Price Analysis: 30 January

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The last 7 days have been very interesting, to say the least, for the crypto-market. While for most of the week the market seemed destined for more consolidation, Bitcoin bucked the trend after the Musk-driven hike yesterday. While the world’s largest cryptocurrency was back at square one at press time, it should be noted, however, that many of the market’s altcoins didn’t register corresponding hikes of their own. The price charts of Polkadot, Compound, and Algorand are a case in point.

Polkadot [DOT]

The market’s fourth-largest cryptocurrency at press time, DOT has recorded exponential growth over the past 45 days, especially in the month of January. Like most of the market, however, DOT didn’t record too many gains on the price charts. In fact, soon after DOT hit its ATH, corrections set in, with the crypto falling by almost 18%.

It should be noted though that the last few green candles seemed to suggest that recovery was afoot, with the crypto likely to climb again.

Interestingly, such optimism wasn’t shared by the crypto’s indicators as the Parabolic SAR’s dotted markers were well above the price candles and suggested bearishness, the Relative Strength Index was falling from the overbought zone. If the RSI continues to fall and ends up near or in the oversold zone, a sustained downtrend might be seen on DOT’s charts.

The cryptocurrency was in the news recently after it was revealed that crypto-asset manager Grayscale had incorporated a Polkadot trust.

Compound [COMP]

Contrary to the movement of most of the market’s altcoins, Compound has been surging on the charts lately, with the token climbing by over 52% in a week, at press time. It should be noted, however, that despite the said hike, the token was still well away from its June 2020 ATH of $372.

COMP’s performance, and the fact that it was backed by substantial trade volumes, was supported by the bullishness exhibited by the token’s technical indicators. While the mouth of the Bollinger Bands continued to expand to suggest that more near-term price volatility was likely, the Awesome Oscillator’s histogram flashed green and highlighted bullish market momentum.

Algorand [ALGO]

Like COMP, Algorand too has been on an uptrend in the month of January. While its own hike wasn’t as significant as the one registered by COMP, ALGO was still up by over 25% on the weekly timeframe. Oddly enough, one of the wicks on ALGO’s latest price candles fell to its November 2020 levels, before recovering.

It should also be noted that while that general market sentiment was bullish, the trade volumes in ALGO’s market at press time were significantly lower than the ones noted when the year began.

As far as the indicators were concerned, while the Chaikin Oscillator was well above zero, the MACD line was climbing past the Signal line after a bullish crossover.

Algorand made headlines recently after it teamed up with Curv to provide “trusted DeFi.”

How to Buy Algorand (ALGO) Right Now • Benzinga

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Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article.

Want to jump straight to the answer? The best crypto platform for most people is definitely eToro.

Algorand $0.668834 Buy Algorand

Major projects like Ethereum aren’t the only names in the emerging world of decentralized finance. Additional projects like Algorand (ALGO) aim to improve upon current smart contract functionality, making it easier to implement the technology on a wider scale. Our guide to investing in Algorand will help you learn more about what makes this project unique and how you can invest today.

Brief History of Algorand

Alogrand is a proof-of-stake (PoS) blockchain protocol that aims to reduce potential security points of failure found in standard blockchain projects. Most notably, the Algorand network doesn’t use forking to compensate for scalability issues — instead, its proprietary Pure PoS protocol to select users on a random secret basis to propose block changes. This means that users on the network will be able to influence the creation of a new block in proportion to the amount of stake they have in the current network.

The Algorand network’s goal is to provide a scalable and secure blockchain platform that’s faster and safer to implement on a wide-scale basis within the developing decentralized finance sphere.

Algorand was developed by MIT professor and Turing Award recipient Silvio Micali in June 2019. Today, Algorand is the 53rd largest cryptocurrency project when measured by total market capitalization, with a market cap of about $604 million and an average daily trading volume of about $287 million.

Step 1: Open an Online Account.

You’ll need to open a brokerage account before you can buy and sell most types of crypto. A crypto brokerage account is an online account issued by a financial institution authorized to provide you with access to the cryptocurrency market. After opening your account, your broker will provide you with a trading platform that you can use to buy and sell cryptocurrencies.

There are plenty of cryptocurrency brokers to choose from, and the broker that you select will determine what types of accounts you can open, which assets you can buy and sell and any fees you’ll pay when trading. If you aren’t sure where to begin your search, consider a few of our favorite brokers below.

Best For Crypto Trading Overall Rating Read Review Get started securely through eToro’s website More Details Best For Crypto Trading N/A 1 Minute Review eToro, headquartered in Cyprus, England and Israel, has provided forex products and other CFD derivatives to retail clients since 2007. A major eToro plus is its social trading operations, including OpenBook, which allows new clients to copy trade the platform’s best performers. Its social trading features are top notch, but eToro loses points for its lack of tradable currency pairs and underwhelming research and customer service features Best For U.S.-based cryptocurrency traders

Social and copy traders

Simple user interface

Community engagement and following other traders Pros Expansive network of social trading features

Large client base for new traders to imitate Cons U.S. traders can only buy cryptocurrency

Only 15 cryptocurrency pairs available Best For New Investors Overall Rating Read Review try for free securely through Gemini Crypto’s website More Details Best For New Investors N/A 1 Minute Review Gemini is a cryptocurrency exchange and custodian that offers investors access to 26 coins and tokens. Founded in the US, Gemini is expanding globally, in particular into Europe and Asia. Offerings include both major cryptocurrency projects like Bitcoin and Ethereum, and smaller altcoins like Orchid and 0x. Gemini is 1 of the only brokers with multiple platform options based on skill level. New investors will love the streamlined interface of Gemini’s mobile and web apps, while advanced investors might appreciate all the tools that come with ActiveTrader. In addition to a host of platform choices, Gemini users also have access to insured hot wallets to store tokens without worrying about digital asset theft. Learn more about what Gemini can do for you in our review. Best For New investors looking for a simple mobile and web app

Experienced investors who need a more advanced platform with more tools

Users looking for a 1-stop-shop to buy, sell and store all of their coins Pros Easy and quick signups — can get started in as little as a few minutes

Multitude of platforms to accommodate traders of all skill levels

Hot wallets include insurance to protect your from theft and hacking attempts Cons Charges both a commission and a convenience fee for users buying and selling through the desktop or mobile app Best For Crypto Investing Overall Rating Read Review Get started securely through Coinbase’s website More Details Best For Crypto Investing N/A 1 Minute Review Coinbase is one of the Internet’s largest cryptocurrency trading platforms. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally simple to buy and sell major cryptocurrency pairs. You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which offers more order types and enhanced functionality. Though Coinbase doesn’t offer the most affordable pricing or the lowest fees, its simple platform is easy enough for complete beginners to master in as little as a single trade. Best For New cryptocurrency traders

Cryptocurrency traders interested in major pairs

Cryptocurrency traders interested in a simple platform Pros Simple platform is easy to operate

Comprehensive mobile app mirrors desktop functionality

Coinbase Earn feature rewards you with crypto for learning about available coins Cons Higher fees than competitors

Step 2: Buy a Wallet.

A cryptocurrency wallet is a private device or online account that helps you store your tokens and coins more securely. There are 2 primary types of cryptocurrency wallets: hardware wallets and software wallets. A hardware wallet is a USB-like device that stores your investments in offline “cold storage,” while a software wallet is a computer or mobile application that stores your tokens online. Both types of wallets have their advantages — for example, hardware wallets provide you with the highest possible level of security, but software wallets accommodate more token types.

Let’s take a look at a few of our favorite wallets that support Algorand below.

Best Hardware Wallet: Ledger Nano X

The Ledger Nano X is among the most popular and most secure options for Algorand hardware storage. The Ledger Nano X uses the highest possible security features, and you can add up to 100 unique applications onto a single device. The Nano X also seamlessly connects with the Ledger Live app, which allows you to track and manage your holdings in real-time. You can even connect directly with an exchange and send your coins back to your wallet without transferring back to a standard exchange like Coinbase.

Best Software Wallet: Algorand Wallet

The Algorand Wallet is Algorand’s proprietary software wallet option, providing users with top-level security for their ALGO. The Algorand Wallet comes with a unique, streamlined setup that will provide you with your own set of keys in as little as a few minutes and that’s easy enough for even those completely new to cryptocurrency to master. View your complete transaction history, send Algorand to your contacts and manage your account all from an intuitive and simple mobile platform. The wallet developers also collect no personal information when you open an account, which means this is an excellent choice for those concerned about data safety.

Step 3: Make your Purchase.

Once you’ve set up both your wallet and your brokerage account, you can buy Algorand. First, make sure that your account has full trading capabilities and is already funded with a linked bank account or credit card. You may need to provide your broker with some personal information and confirm that you own the payment method linked before you can access full trading capabilities.

From here, you’ll open your trading platform and place a buy order for Algorand. Start by taking a look at how Algorand is moving today to determine a good buy signal. When you think you want to buy in, place a buy order using your broker’s specific process. Depending on the broker you choose, you might have access to a variety of order types. Two of the most common types of orders include:

Market orders: A market order tells your broker that you want to buy a set number of ALGO at the current market price. Market orders are the order type most likely to be filled because they’re executed immediately. You might end up paying more per coin than you see on your brokerage platform as market demand shifts.

A market order tells your broker that you want to buy a set number of ALGO at the current market price. Market orders are the order type most likely to be filled because they’re executed immediately. You might end up paying more per coin than you see on your brokerage platform as market demand shifts. Limit orders: A limit order tells your broker that you want to buy a set number of ALGO at or below a specific price. For example, you might set a limit order to buy 50 ALGO at a price of $0.50. If the broker can purchase ALGO at a price of $0.50 or less per coin, the order will be filled. If the price of ALGO rises above $0.50 per coin, your broker will stop filling the order. Limit orders give you more control over the price you’ll pay but are less likely to be filled when compared to market orders.

If your order is able to be filled, you’ll see your coins in your brokerage account. From here, you can transfer them to your wallet or hold them in your exchange for short-term trading. We don’t recommend leaving your coins in an exchange wallet for more than 1 month, as this can leave you more vulnerable to hacks. If your broker cannot fill your order, they may cancel it by the end of the day.

Bonus Tip: The Algorand Protocol has a number of practical use cases planned for implementation in 2021 and beyond. For example, cryptocurrency exchange platform Voyager plans to develop USDC payment rails on the Algorand Protocol, which will allow users to self-custodian their own USDC accounts. You can view a complete list of developing implementations through Algorand’s website.

Trade or Sell Your Cryptocurrency

When your order is complete, your job as an investor really begins. Now, you’ll decide how you want to earn a return on your initial Algorand investment. There are 2 major ways that investors see a return on their cryptocurrency investments:

Long-term investing: Many cryptocurrency investors take a long-term approach to investing, holding onto their coins and tokens for months or even years at a time before taking profits. In March 2020, for example, 1 Bitcoin was equal to about $6,500. In January 2021, 1 Bitcoin is now valued at more than $38,000 per coin! If you believe the price of Algorand will rise over the course of months, be sure to store your investment in a secure, private wallet.

Many cryptocurrency investors take a long-term approach to investing, holding onto their coins and tokens for months or even years at a time before taking profits. In March 2020, for example, 1 Bitcoin was equal to about $6,500. In January 2021, 1 Bitcoin is now valued at more than $38,000 per coin! If you believe the price of Algorand will rise over the course of months, be sure to store your investment in a secure, private wallet. Short-term day or swing trading: The cryptocurrency market is notoriously volatile, especially when it comes to short-term price movements of smaller crypto projects. Investors can capitalize on these short price movements by strategically converting their Algorand to a stablecoin like Tether when it’s most advantageous. When you decide to take profits, you’ll convert your stablecoin back to fiat currency and transfer it back to your bank account.

If you decide to become a short-term investor, it’s important that you have a responsive, fast-trading platform. Consider a few of our favorite brokers below if you’re looking for the most comprehensive trading experience.

Social and copy traders

Simple user interface

Community engagement and following other traders Pros Expansive network of social trading features

Large client base for new traders to imitate Cons U.S. traders can only buy cryptocurrency

Experienced investors who need a more advanced platform with more tools

Users looking for a 1-stop-shop to buy, sell and store all of their coins Pros Easy and quick signups — can get started in as little as a few minutes

Multitude of platforms to accommodate traders of all skill levels

Cryptocurrency traders interested in major pairs

Cryptocurrency traders interested in a simple platform Pros Simple platform is easy to operate

Comprehensive mobile app mirrors desktop functionality

Coinbase Earn feature rewards you with crypto for learning about available coins Cons Higher fees than competitors

Current Crypto Prices

Unlike the stock or bond market, the realm of cryptocurrency trading is always operating. You can invest at any time of day or night, which means that price movements are common. Understanding how the market is moving today can help you decide when to make your investment. Browse a few of today’s top cryptocurrency movers below.

Adding Algorand to your Portfolio

Decentralized finance (DeFi) is currently among the largest implementations of cryptocurrency in the world. Adding complementing DeFi investments to your portfolio can help you diversify your investment in this emerging space and protect your initial capital. Be sure to explore projects like Chainlink, Ethereum and AAVE when completing your crypto portfolio.

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