Our Co-Founders are really enjoying ETHDenver! They've met some great people these past few days and have formed some really strong connections with new colleaguesSPECIAL GUEST? 🗣👀Algorand joins in on the fun and hosts AlgoRanch 🦾🏇Mehmed & Rudy met Algorand's Director of Product Management

Algorithm Announcements

Our Co-Founders are really enjoying ETHDenver!

They've met some great people these past few days and have formed some really strong connections with new colleagues

SPECIAL GUEST? 🗣👀

Algorand joins in on the fun and hosts AlgoRanch 🦾🏇

Mehmed & Rudy met Algorand's Director of Product Management, Rotem Hemo, and discussed Algorand State Proofs ⏳🔐🚀

They had the opportunity to meet and speak with the Algorand Foundation's newly appointed CEO, Staci Warden🤝🙏
Our Co-Founders provided Staci with an insightful explanation of Algorithm Finance and how it functions

As we see in these great pictures
it was all smiles & positive sentiment all around💚

We are very excited for the future of Algorithm Finance and the positive impact we will have on Algorand & the entirety of DeFi

Stay tuned...exciting news and interactions are coming 🙂

www.tg-me.com/tr/Algorithm Announcements/com.algorithmannouncements/38

11.8K viewsFeb 16, 2022 at 22:47

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Create: 2022-02-16
Last Update: 2025-06-30 21:52:08

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Algorithm Announcements Telegram | DID YOU KNOW?

Spiking bond yields driving sharp losses in tech stocks

A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year. A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.

Should I buy bitcoin?

“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said. Yellen’s comments have been cited as a reason for bitcoin’s recent losses. However, Yellen’s assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.