#cardano Cardano $ADA
collaborates with BitcoinOS to integrate Bitcoin liquidity into its DeFi network using zero-knowledge cryptography for secure cross-chain interaction.
Cardano is poised to access approximately $1.3 trillion in Bitcoin liquidity for its decentralized finance (DeFi) sector through a new partnership with BitcoinOS (BOS), a Bitcoin smart contract platform.

As detailed in a press release shared with Cointelegraph, the integration will enable Cardano users to directly interact with Bitcoin, bypassing intermediaries, and enhancing cross-chain functionality to support DeFi growth.
Zero-knowledge (ZK) cryptography is central to this collaboration, offering a trustless approach where BOS can incorporate BTC assets into Cardano through verified, intermediary-free transactions.
BTC Liquidity on Cardano

The BOS Grail bridge serves as a crucial element in the integration, creating a secure connection using BOS’ ZK BitSNARK verification protocol.
This ZK technology enables BTC transactions and assets to be bridged onto Cardano's blockchain, offering benefits to Cardano-native DeFi projects without compromising security or decentralization.
With BOS's integration into Cardano, $BTC market cap, valued at roughly $1.3trillion at the time of writing, will become accessible.

$ADA

Cross-chain Capabilities
According to the press release shared with Cointelegraph , Emurgo, a key entity behind Cardano’s Web3 development, sees this partnership as a move toward greater blockchain interoperability.
Ken Kodama, Emurgo’s CEO, stated that the integration has “the potential to unlock new cross-chain capabilities” and could significantly enhance DeFi adoption.
Kodama emphasized that BOS’s bridge and ZK technology could “further empower Cardano” by offering a secure and decentralized path to BTC for the blockchain's “users, projects, and developers.”
On September 10, BOS teamed up with the layer-2 (L2) scaling solution Merlin Chain to launch the BitcoinOS Grail bridge, enabling more efficient cross-chain transactions without relying on centralized systems. Merlin Chain founder Jeff Yin shared with Cointelegraph that the collaboration aims to deliver a “trustless, decentralized” bridge for “Bitcoin-native assets.”
The bridge leverages ZK-proof-based secure bridging directly implemented onto the BTC blockchain, eliminating the need for centralized mechanisms such as multisig or multiparty computation.

Yin highlighted that this development is “just the beginning” of their joint efforts to build a more “interoperable Bitcoin ecosystem.”

#CardanoPredictions

Clay Nation, a Cardano NFT project, will go down in history as the first Cardano project to be included in The Sandbox Game. It thinks that by doing this, Web3 interoperability will be encouraged.

The Sandbox is a digital environment with the native token SAND where users can create, own, and monetize their game experiences.

A recent tweet from the NFT project announced that it will integrate with The Sandbox.

The experience will be built in conjunction with Smobler Studios, a Singapore-based metaverse architectural and creative studio financed by The Sandbox Game and Brinc. It promises to soon reveal more information about the integration.

Clay Nation has witnessed incredible achievements since its start, most famous of which are its collaborations, which have catapulted it into the forefront.

As was previously mentioned, Snoop Dogg and his son Champ Medici collaborated on the popular song "Bron and Bronny," which was made by Clay Nation.

#NFT #cardano #ada #sand #crypto2023

Cardano price sees whale accumulation peaking to the highest level in over a month.

ADA breaks in the resistance area of $0.40 and is heading for a test at $0.42.

If ADA can break above $0.42, it would make a new high for 2023.

Cardano (ADA) price has bulls flocking into its price action as all starts align with the altcoin. Not only are whales staking their holdings to a new monthly high, but the underlying Cardano blockchain is also ready for some tailwinds. With positive sentiment only broadening, expect to see a vital move in April that could see more than a 30% gain and a test at $0.52.

Cardano price in favor on all fronts

Cardano price looks ready to shift another gear higher as Ethereum Virtual Machine (EVM) is scheduled to be added to the Cardano blockchain and will become the largest EVM chain with the staking rewards fully operational. Using Solidity's programming language, no new toolkits are needed for Ethereum application developers to build on the Cardano blockchain. This is a positive element of the development that can only boost the interest in Cardano coins.

ADA will thus see two driving forces, one from whales and one from developer interest, that will be enough to break that $0.421 top side from February. Once that is taken out, ADA looks prepared to jump substantially higher. April looks ready to hit $0.524

Risk comes in the form of a firm rejection against $0.421 yet again as bulls already broke their teeth in February. Another rejection could break morale a bit and send ADA back below $0.40. That means that pressure will build on $0.388 and could see another leg lower near $0.36 with a 10% decline at hand.

#Binance #cardano #crypto2023 #BTC #BNB