Blockchain 

Algorand’s Venture Arm Loses up to $2M in Hot Wallet Breach: Report

Algo Capital, an investment arm of United States-based blockchain firm Algorand, has lost roughly $1–2 million in Tether (USDT) stablecoins and Algorand (ALGO) tokens after its CTO Pablo Yabo’s mobile phone was compromised. The breach allowed hackers to gain access to Yabo-managed Algo hot wallet, a source familiar with the matter told Coindesk on Oct. 5. The total amount of damages was reported in an email by the company’s CEO David Garcia. He confirmed the security breach and claimed that the firm passed the details of the incident to its…

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Blockchain 

AssetBlock Tokenizes $60M of Real Estate on Algorand’s Blockchain

Blockchain real estate investment firm AssetBlock launches its commercial real estate investment platform on Algorand’s (ALGO) blockchain. According to an AssetBlock press release published on Sept. 17, the firm partnered with luxury hotel asset manager Lodging Capital Partners (LCP) to tokenize $60 million of exclusive hotel properties on Algorand. Opening real estate investment to everyone As a result of the partnership, crypto-savvy investors will have access to properties that are unavailable to the public and will be able to exchange the blockchain’s native tokens for those assets.  CEO and founder…

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