Tag: Cardano News

As stated by the  CoinMarketCap, Cardano's (ADA) price is up nearly 10% in the last 24 hours, outperforming the rest of the top 10 largest cryptocurrencies by market capitalization. The ADA price steadily declined to reach 15-month lows until support was met at around $0.735 on April 30, which halted the declines. ADA subsequently rose 17% to reach highs of $0.899 on May 4. Read Also: Gucci To Accept Shiba Inu, Dogecoin, Bitcoin, And Some Other Cryptocurrencies. At the Press’ time, ADA trades at $0.867, down from highs of $0.899 as traders pulled gains. Cardano's latest rebound seems to be supported by the historic and long-awaited rate hike by the Fed. On May 4, Cardano's stablecoin Djed also launched on the public testnet. https://twitter.com/cardano_whale/status/152...

Input-Output Global, the development studio behind Cardano (ADA) blockchain, shared the details of its new product. It is set to address the problems of counterfeiting in FCMG by leveraging blockchain instruments and microchips. Read Also: Cardano's First-Ever Algo Stablecoin Djed Goes Live in Testnet Introducing Atala SCAN, a next-gen Cardano-based anti-counterfeit solution Today, May 4, 2022, the IOG team published a blog post to cover the latest addition to its ecosystem of dApps, the anti-counterfeit solution Atala SCAN. https://twitter.com/InputOutputHK/status/1521846566788780033 The new protocol is built on top of "touch-chip" technology: it utilizes micro-chips as "smart seals" that verify the authenticity of this or that drug or ...

Djed, a flagship decentralized stablecoin of the Cardano (ADA) scene, is now live in the public testnet. Developers from COTI Network shared some details of the next phase of its technical progress. Djed stablecoin is ready for public testing As stated by the joint official statement released by COTI Network and Cardano's (ADA) developers Input-Output Global (IOG), COTI's pioneering stablecoin product Djed goes live in the public testnet. Read Also: Cardano (ADA) Whales Gained Over 190 Million ADA Since March: Details https://twitter.com/COTInetwork/status/1514270504009482241 Djed is a decentralized algorithmic stablecoin integrated with the on-chain ecosystem with the core reserve token Shen. Shen is set to guarantee the collateralization rate and the USD-peg o...

The biggest Cardano addresses on the network amassed around 200 million coins as stated by the latest data from Santiment. This data should be refreshing for ADA holders who have experienced seven months of dumping. Read Also: SHIB Balance of Top ETH Whales Drops Below $1 Billion: Report As shown on the on-chain metric proposed, ADA whales were actively selling their holdings since December 2021 while the trend changed only a couple of weeks ago. The shift in the trend is most likely tied to the massively oversold levels of Cardano. https://twitter.com/santimentfeed/status/1521322079567589376 The massive growth of the DeFi industry also followed the switch in the movement of funds on whale addresses as Cardano's TVL exceeded $300 million in fund...

Hydra is an ecosystem of solutions designed to address scalability and security issues with Cardano (ADA), the largest proof-of-stake (PoS) network and popular smart contracts platform. Hydra to advance Cardano scalability in a Lego-like manner Following the discussion of the latest upgrades to the Cardano (ADA) blockchain and its infrastructure, an anonymous Crypto Twitter enthusiast asked IOG's Matthias Benkort (@_KtorZ_) about the details of Hydra's design. Read Also: Cardano Wallet About to Get Major Update, According to IOHK Weekly Development Activity: Details https://twitter.com/_KtorZ_/status/1520320514971119616 Mr. Benkort was asked about the modular design of Hydra that could permit the deployment of various decentralized applications (dApps) to its infrast...

Cardano's IOHK shares its weekly development update about a big upgrade awaiting the Cardano wallet, stating, "The Adrestia team prepared a big update for the Cardano-wallet, including the introduction of a 'Light' mode, addition of token minting and burning, fee minimization." Read Also: Cardano Broadcasts New Collaboration to Promote Interoperability; Here's What to Know https://twitter.com/InputOutputHK/status/1507434144544006151 Token burning in this context means burning native tokens minted on the Cardano blockchain and not the ADA coin. IOHK also said that the node and consensus teams prepped Ouroboros for the Vasil hard fork upcoming in June. It also mentioned a critical parameter change that took place last week, in which block size was increased from 80...

Cardano-based stablecoins were long-awaited by a community interested in the ecosystem since this type of asset is the cornerstone of any blockchain-based ecosystem that acts as a bridge between fiat and digital assets. Read Also: Cardano Plunge into "Historical Buying" Zone as ADA Price Sloughs 7% in a Week: Details As the crypto ecosystem builder co-founder Sebastien Guillemot noted, the recently released DeFi platform Wingriders is offering $7 million USD-based stablecoins. According to the developer, anyone can wrap their USDC/USDT in Cardano by using only two bridges: Nomadxyz and Milkomeda. Both projects that allow usage of stablecoins on Cardano are open to any user. https://twitter.com/SebastienGllmt/status/1520006275928838145 Some Cardano en...

As stated by the recent tweets shared by IOHK, Cardano now has over 917 projects building on it. In the Twitter post, IOHK predicts that this is just a fraction of what is to come while asking the question of when Cardano projects will reach the 1,000 mark as the Vasil June hard fork approaches. Read Also: Cardano Plunge into "Historical Buying" Zone as ADA Price Sloughs 7% in a Week: Details https://twitter.com/InputOutputHK/status/1519770941072543747 Cardano addresses have recently surpassed the 3.6 million count, according to Messari on-chain data. According to Cardano blockchain analytics, there are already over 4.5 million native tokens, over 5,000 unique tokens (NFTs), and over 900 projects based on Cardano. This might propose the overall development and adoption of...

As stated by the most recent Cardano community discussion and details from the IOHK report on Vasil hardfork, decentralized applications built on the Cardano network will not see all features and developments right away. Certainly, it will take weeks or even months until Cardano-based dApps update. Read Also: Cardano Broadcasts New Collaboration to Promote Interoperability; Here's What to Know https://twitter.com/Reddspark1/status/1519571192486711300 Why will Vasil's new features be implemented with a delay? The reconsideration of the Plutus script's logic, submitting to a new blockchain and other advantages we have described in the most recent Vasil-related article will most likely reach specific decentralized apps with a delay. The principal reason is tied to the compli...