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In a significant development for the Japanese cryptocurrency market, the JVCEA has announced the addition of BNB and ALGO to its platform. This marks the first time these cryptocurrencies will be available for trade in Japan, with the service set to commence from August 1, 2023. The JVCEA has also been working towards improving its review process for new cryptocurrency listings, with the aim of boosting the crypto industry.
AlgoFi, a decentralized finance (DeFi) protocol operating on Algorand, has announced that it will be shutting down due to various events that have hindered its development and sustainability.
Algorand [ALGO] may be the latest victim of the SEC's constant pressure on multiple exchanges. According to a recent announcement, ALGO stakes will no longer be incentivized by Coinbase.