#Cardano founder Charles Hoskinson has denied playing any role in the controversies surrounding William Hinman’s #crypto speech.  

Read more on: https://thecryptobasic.com/2023/08/05/cardano-founder-denies-involvement-in-hinman-speech-saga/

#CardanoADA #crypto #crypto2023

Cardano’s Mithril stake-based multi-signature scheme may soon launch on the mainnet, according to an IOG weekly report. Mithril leverages the existing Cardano network to provide certified snapshots of all or part of the blockchain, improving the speed and efficiency of syncing times for nodes joining the network. The team is currently seeking feedback and testing from a client perspective.

The report also highlighted ongoing work on node, ledger, and networking improvements by the core technology teams. The Lace desktop development team improved the error handling of CIP-30 DApps operations and fixed issues with signing CIP-30 transactions using hardware wallets. Meanwhile, the Adrestia team extended the multi-signature feature with delegation functionality in cardano-wallet and worked on performance optimization of cardano-services in cardano-js-sdk.

The Plutus team continued working on the Marconi MVP development, with test performance optimizations for cardano-api and Plutus end-to-end testing. The Marlowe team made significant improvements to the golden tests for the Marlowe validator and added the escrow contract to the examples suite in the specification. The Hydra team addressed issues with committing complex UTXOs into a Hydra head and prepared the Hydra node to support mainnet.

Finally, the report highlighted the publication of CIP-1694, describing Cardano’s future on-chain governance system, which has been received with anticipation and excitement. IOG, the Cardano Foundation, and Emurgo hosted a community workshop in Longmont, Colorado, in February 2023, sparking deep engagement and insight gathering from a broad spectrum of community interests and experiences. This week, a large update to CIP-1694 was pushed on GitHub, encouraging direct engagement and comments from the community.

Overall, the IOG weekly report showcases the ongoing development and progress of the Cardano network. With the potential launch of Mithril on the mainnet, stakeholders and clients can look forward to improved syncing times and increased efficiency. The ongoing work on wallets, smart contracts, and scaling, along with the exciting developments in governance, demonstrate the network’s commitment to continuous improvement and growth.

#Mirtril #Cardano #CardanoADA #ADA #acoinnews

This article was republished from azcoinews.com

CryptosHeadlines.com - The Leading Crypto Research Network:

Binance, a big cryptocurrency platform, shared some news about altcoins. They’re removing leveraged tokens linked to Cardano (ADA) and introducing options for Dogecoin (DOGE). The ADA tokens are being delisted, and the DOGE options will start.

Binance Announces ADA and DOGE Updates:

Today, Binance, the world’s biggest crypto exchange, shared important news. It has removed ADAUP and ADADOWN leveraged tokens linked to Cardano (ADA) from its trading pairs. This change will happen on August 16th, 03:00 UTC. Users can trade these tokens for other tokens before the delisting.

Additionally, Binance will introduce ‘DOGEUSDT Weekly Options‘ for Dogecoin (DOGE) on August 10th, 08:00 UTC. These are European style options contracts that will be available every Thursday. As of now, ADA is still trading at $0.2983.”

Binance Futures Launches Perpetual Contract for BNT Token Updates:

Binance Futures, a major cryptocurrency trading platform, has just launched an ongoing contract for Bancor Network’s native token, BNT. This new contract, known as BNTUSDT perpetual contract, will be available from August 10, 2023, offering traders the opportunity to use leverage up to 20x.

Bancor Network is a decentralized platform that lets people swap tokens without intermediaries, and its token, BNT, serves to stake in liquidity pools and earn fees from token swaps. A special feature of BNT is ‘non-permanent loss protection,’ compensating those who provide liquidity for the value they might miss out on when tokens are in a pool.

This perpetual contract, quoted and settled in USDT (a widely used stablecoin), doesn’t have an expiration date like traditional futures. It also maintains a price close to the actual asset’s value, thanks to its funding mechanism.

It’s essential to read the contract details before trading, as Binance Futures can adjust the terms based on market conditions and risks. The contract operates under Binance’s Terms of Use and Binance Futures Service Agreement.”

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Web3 #Blockchain #CardanoADA #DOGE #Binance

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Charles Hoskinson, who helped create Cardano, shared about a new website called HoskSaid. This site lets people ask him questions when he does an AMA (Ask Me Anything) session.

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He thinks this is a way to show how much he takes responsibility and cares about the blockchain world. Cardano had a good second quarter with a lot more activity and transactions happening.

Charles Hoskinson’s New AMA Platform, Cardano’s Growth

During a time of excitement about Cardano’s good performance in the second quarter, Charles Hoskinson, one of Cardano’s creators, introduced HoskSaid. This is a website where people can ask him questions directly. He said it’s an example of how much responsibility and care are needed in decentralized communities.

On the platform, you can find information about Hoskinson going back to 2018, like tweets and things he said publicly. He talked about this during a live AMA session, saying people can join and ask him questions. Right now, you can only join with specific credentials.

Hoskinson mentioned that during his AMA sessions, he will choose questions from this platform and answer them along with the live ones. He thinks this platform shows how a decentralized community can work on its own and be accountable. He also said this kind of accountability is what blockchain and web3 are all about, and it would be good if politicians did the same.

A report from Messari said that Cardano’s blockchain grew a lot in the second quarter. It had more transactions happening, showing that more people were using it. This growth is also because of improvements made since the beginning of the year.

However, Cardano had a bit fewer users in the quarter. But it’s important to note that Cardano’s blockchain could handle more work than before, with a 49% increase in workload compared to before.

Looking at the data, Cardano’s token (ADA) had some small drops in value this month. In the past week, it went down by 0.57%, and in the last 24 hours, it went down by 0.29%. Right now, it’s worth around $0.2896.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#NFT #Web3 #Blockchain #Cardano #CardanoADA

Hoskinson affirms #Cardano’s enduring presence in the #crypto industry despite the unending criticisms aimed at the network.

Read more on: https://thecryptobasic.com/2023/08/16/hoskinson-silences-critics-says-cardano-is-here-to-stay/

#CardanoADA #crypto2023

CryptosHeadlines.com - The Leading Crypto Research Network:

Coinbase CEO, Brian Armstrong, mentioned that the crypto trading platform might have to delist 13 digital tokens, including Cardano (ADA), due to a lawsuit filed by the U.S. Securities and Exchange Commission (SEC).

The SEC lawsuit claims that these tokens, though only a small fraction of the 240 assets on the platform, are considered unregistered securities. As a result, Coinbase is facing the possibility of removing them from its list of available cryptocurrencies.

In a recent interview with the Financial Times, Coinbase CEO Brian Armstrong discussed the possibility of delisting Cardano (ADA) and other tokens due to the SEC lawsuit. He referred to it as the “worst-case scenario,” but he downplayed its potential impact on the company. Armstrong believes that even if these tokens are delisted, it won’t lead to a significant loss of revenue or an existential crisis for Coinbase.

Regarding the speculation about Coinbase relocating to crypto-friendly countries like Bermuda, Armstrong dismissed the idea. Despite ongoing regulatory scrutiny in the United States, he emphasized that Coinbase has no plans to move its operations elsewhere and is committed to staying in the country.

The SEC lawsuit has posed a significant setback for Coinbase, a vocal supporter of the crypto industry. However, Armstrong’s comments indicate that the company is prepared to navigate through the challenges and continue operating in the U.S., even if it means delisting some of its popular tokens.

Future Prospects for Cardano (ADA) and Other Tokens

The future of ADA and other tokens facing delisting remains uncertain. Despite the possibility of removal from Coinbase, Armstrong’s comments suggest that these tokens might still be tradable on other exchanges.

There’s also a chance that the SEC lawsuit could favor Coinbase, allowing the tokens to stay on the platform. However, it’s too early to predict the final outcome of the case.

For investors holding Cardano (ADA) and other tokens at risk of delisting, it’s essential to be mindful of the potential risks involved. Consulting with a financial advisor can help determine the best course of action during this uncertain period.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#NFT #Web3 #Blockchain #Cardano #CardanoADA

Cardano’s DeFi ecosystem is gaining momentum as the network’s Total Value Locked (TVL) metrics continue to soar. According to data by DefiLlama, the TVL on the Cardano network has seen a remarkable increase of 20% almost every month.

This growth trend highlights the increasing popularity of the network’s DeFi ecosystem and indicates that Cardano is quickly becoming a major player in the DeFi space.

In recent news, the TVL on the Cardano network has surpassed the all-time high mark in ADA and broken the previous record, reaching $110 million in just one month. This milestone is a significant achievement for Cardano and indicates that the network’s DeFi ecosystem is thriving and growing at an impressive rate.

The growth in TVL on the Cardano network is attributed to the network’s unique mechanisms and solutions based on the eUTxO model. Cardano’s eUTxO model allows for greater flexibility and security in executing transactions, which has caught the attention of many investors and developers.

If Cardano’s ADA price reaches its all-time high, which was witnessed in September 2021, the total value of funds locked on the network would reach $3 billion, making Cardano one of the largest DeFi networks in the world. This would be an impressive feat for a network that is relatively new in the DeFi space and a testament to the success of Cardano’s DeFi ecosystem.

Cardano’s growth in the DeFi space is a positive sign for the network’s future, and it is expected that more developers and investors will turn to Cardano’s DeFi ecosystem. As the network continues to develop and improve its solutions, we can expect to see more growth and success in the Cardano DeFi ecosystem in the coming months and years.

#Cardano #CardanoADA #ADA #DeFi #DeFiLlama

This article was republished from azcoinnews.com

A popular crypto trader thinks Ethereum (ETH) competitor Cardano (ADA) could be mimicking price movement from a past market cycle and primed to surge soon.
The crypto analyst Ali Martinez tells his 32,800 followers on the social media platform X that ADA’s current consolidation trend “eerily mirrors” the asset’s 2018-2020 phase if the 2020 COVID-19 price crash is ignored.
“If so, ADA could break through the $0.45 resistance around the first week of December. The upswing could send ADA to $0.75 by late December.”

A pump to $0.75 would represent a more than 100% increase for ADA, which is trading around $0.372 at time of writing.
The 9th-ranked crypto asset by market cap is up more than 51% in the past month but still remains 88% down from its all-time high of $3.09, which it hit in September 2021.
In terms of other crypto assets, Martinez also points out that peer-to-peer payments network Litecoin (LTC) saw its biggest spike in daily activity ever this week, with the project registering more than 1 million LTC transactions on Tuesday.

LTC is trading at $71.20 at time of writing. The 18th-ranked crypto asset by market cap is down 4% in the past 24 hours but remains up by more than 14% in the past month.
Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#CardanoCommunity #CardanoADA $ADA

Post By: CryptosHeadlines.com

Cardano’s ecosystem is steadily gaining momentum, evident in several crucial metrics that indicate its growing presence within the DeFi sector.

Cardano is actively positioning itself as a strong contender among the top ten cryptocurrency chains based on total value locked (TVL). Its notable month-to-month growth reflects a rising interest among investors in exploring alternatives to established platforms like Ethereum and Solana.
Ethereum maintains its lead with a TVL of $24.154 billion, with only a slight 0.25% decrease in the past day. Tron and BSC follow closely behind. Notably, Solana has surged with a remarkable 32.68% increase in the last month, indicating a renewed sense of confidence among investors.
Cardano, while currently ranking 11th, exhibits promising growth with an impressive one-month change of 53.22%. Its total value locked has now reached $245.45 million. This significant increase hints at the potential for a reshuffling in the DeFi hierarchy. It’s worth noting that Bitcoin now trails behind Cardano, with a TVL of $238.75 million.
Key Protocols in the Cardano Ecosystem
The growing TVL in the Cardano ecosystem is supported by key players. Indigo takes the lead with a TVL of $57.26 million, closely followed by Minswap at $55.58 million.
These protocols have demonstrated substantial increases in both one-day and one-month metrics, underscoring the dynamic activity within the Cardano network.
Notable mentions also go to Liqwid and Optim Finance in the lending sector, as well as Djed Stablecoin, which has experienced a noteworthy 43.93% surge over the past month.
Important Note: Cryptosheadlines.com neither supports nor assumes responsibility for the content’s accuracy, quality, advertising, products, or any other materials featured on this page. It is advisable for readers to conduct their independent research before making any cryptocurrency-related decisions. Cryptosheadlines.com holds no direct or indirect liability for any harm or loss, whether actual or claimed, arising from the utilization or reliance on any content, goods, or services referenced herein. Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Cardano #CardanoADA #ADA