ADA
Leading Cardano stablecoin project shuts down after excruciating launch delays
On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly halted development, citing “funding and project timeline uncertainty.” The project will remain open-source for builders while treasury balances and remaining funds will be held by Ardana Labs “until another competent dev team in the community comes forward to continue our work.” “Development on Cardano has been difficult with alot of funding going into tooling, infrastructure and security. This alongside the uncertainty around development completion has led to the best course of action being halting development of dUSD.” The move came as a shock to many due to the sudden nature of the announcement. However, it appears that issues were a...
Fork, yeah! Cardano Vasil upgrade goes live
After several months of delays, the Cardano Vasil upgrade and hard fork has finally gone live as of Thursday at 9:44 pm UTC, bringing “significant performance and capability” enhancements to the blockchain. The success of the Cardano mainnet hard fork was announced by blockchain company Input Output Hong Kong (IOHK) on Twitter on Thursday, while others also observed the hard fork tick over in a live Twitter Spaces with Cardano co-founder Charles Hoskinson. #Vasil mainnet HFC event successful! We’re happy to announce that today, at 21:44:00 UTC, the IOG team, in collaboration with the @CardanoStiftung, successfully hard forked the Cardano mainnet via a HFC event, thus deploying new #Vasil features to the chain.1/5 — Input Output (@InputOutputHK) September 22, 2022 IOHK previously stated the...
Cardano Vasil upgrade ready with all ‘critical mass indicators’ achieved
The Cardano Vasil upgrade is set to take place in less than 24 hours on Sept. 22, with the Cardano team noting all three “critical mass indicators” needed to trigger the upgrade are now met. A Sept. 21 update on Twitter by the company behind Cardano, Input Output Hong Kong (IOHK) states within the last 48 hours 13 cryptocurrency exchanges had confirmed their readiness for the hard fork, representing over 87% of Cardano’s (ADA) liquidity. With this latest addition we have met all 3 critical mass indicators: 39 exchanges upgraded (87,59% by liquidity)Over 98% of mainnet blocks are now being created by the Vasil node (1.35.3)The top Cardano #DApps by TLV have confirmed they have tested and are ready — Input Output (@InputOutputHK) September 21, 2022 Of the top exchanges for ADA liquidity, Coi...
EOS price jumps 20% for biggest gain in 15 months — What’s fueling the uptrend?
EOS rose approximately 20% to reach $1.66 on Aug. 17 and was on track to log its best daily performance since May 2021. Initially, the EOS rally came in the wake of its positive correlation with top-ranking cryptocurrencies like Bitcoin (BTC) and Ether (ETH), which gained over 2% and 3.75%, respectively. But, the upside move was also driven by a flurry of uplifting updates emerging from the EOS ecosystem. EOS/USD daily price chart. Source: TradingView EOS incentive program launch On Aug. 14, the EOS Network Foundation (ENF), a nonprofit organization that oversees the growth and development of the EOS blockchain, opened registrations for its upcoming Yield+ incentive program. The Yield+ is a liquidity incentive and reward program to attract decentralized finance (DeFi) application...
Bitcoin fights key trendline near $20K as US dollar index hits new 20-year high
Bitcoin (BTC) found a new focus just under $20,000 on July 14 as U.S. dollar strength hammered out yet another two-decade high. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY moves bring yen, euro into focus Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding from lows sparked by a fresh 40-year high for U.S. inflation as per the Consumer Price Index (CPI). After briefly dipping under $19,000, the pair took a flight above $20,000 before consolidating immediately below that psychologically significant level. For on-chain analytics resource Material Indicators, it was now “do or die” for BTC price action when it came to a key rising trendline in place since mid-June. On the day, that trendline stood at around $19,600, with BTC/USD n...
Prodigy of Mobb Deep’s Solo Catalog Returns to Streaming Services, New Music On the Way
The solo catalog of late Mobb Deep rapper Prodigy has returned to streaming services today (May 20) after three years of unavailability, a rep for his estate confirmed to Billboard. That collection of albums and EPs includes his classic solo debut H.N.I.C. and its two sequels, as well as 2012’s The Bumpy Johnson Album, 2017’s Hegelian Dialectic (The Book of Revelation) and his 2013 collaboration with The Alchemist, Albert Einstein, and 2014 collab release with Boogz Boogetz, Young Rollin Stoned. Explore See latest videos, charts and news See latest videos, charts and news For the past three years, only his influential 2007 Alchemist collab Return of the Mac and the following year’s Product of the 80s with Big Twins and Un Pacino, as well as the Mobb Deep discography, were available to stre...
Ethereum in danger of 25% crash as ETH price forms classic bearish technical pattern
Ethereum’s native token Ether (ETH) looks ready to undergo a breakdown move in May as it forms a convincing “bear pennant” structure. ETH price to $1,500? ETH’s price has been consolidating since May 11 inside a range defined by two converging trendlines. Its sideways move coincides with a drop in trading volumes, underscoring the possibility that ETH/USD is painting a bear pennant. Bear pennants are bearish continuation patterns, meaning they resolve after the price breaks below the structure’s lower trendline and then falls by as much as the height of the previous move downside (called the flagpole). ETH/USD two-hour price chart. Source: TradingView As a result of this technical rule, Ether risks closing below its pennant structure, followed by additional mo...
67% of Cardano holders underwater and most bought less than 1 year ago
As Cardano (ADA) prices fall back towards the psychological one dollar level, more and more investors are finding themselves with unrealized losses by holding on to the digital asset. Cardano’s ADA token has had a bearish week. The price has fallen 11.4% since Monday resulting in more holders being in the red. More significantly, ADA is now 64.7% below its September 2 all-time high of $3.09 and is in danger of falling below a dollar over the next few days should the trend continue. According to IntoTheBlock’s “in/out of the money” indicator, more than two-thirds, or 67% of ADA holders, are underwater. A quarter of Cardano investors are in the green, and 9% of them are at a breakeven point. The indicator identifies the average cost at which the tokens were purchased and compares it to the c...
Cardano pares most of its Q1 losses as ADA rebounds 60% in a month — What’s next?
Cardano (ADA) inched higher on March 25, putting itself on course recoup a great portion of losses that it had incurred in the first two months of this year. Cardano: not so bullish yet? ADA’s price jumped by around 7.5% in trading Friday, reaching $1.19 over a month after bottoming out at around $0.75. The Cardano token’s huge rebound move netted around 60% in gains. Nonetheless, it remained at the risk of losing its upside momentum in the coming weeks. At the core of this bearish analogy is a multi-month descending channel pattern, with a reliable track record of causing and limiting ADA’s rebound attempts simultaneously since September 2021. The channel’s upper trendline particularly has served as an ideal selloff zone, now being tested again as resistance, as sh...
Charles Hoskinson under fire for… not dropping out of a Ph.D. program?
A debate has surfaced online following claims that Cardano founder and Ethereum co-founder Charles Hoskinson may have fudged the specifics of his educational background. While the issue is hardly a major scandal, it concerns conflicting reports around whether Hoskinson dropped out of a Number Theory-focused Ph.D. program — as he suggested — or if he embellished the story. Crypto journalist and Unchained Podcast host Laura Shin suggested in her new book and on social media that he never finished an undergraduate degree or enrolled for a Ph.D. The dispute started on Sunday after a Twitter user stated they were reading Shin’s book “The Cryptopians” to get a rundown of the early days of Hoskinson and Cardano as reported in the book. Hoskinson responded to the post by stating: “Great work of fi...
Cardano network at record capacity due to SundaeSwap launch, but not all users hail it as a success
According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap, the first of its kind to go live on Cardano. At the same time, the total value locked for the ADA blockchain reached a record of approximately $80 million, despite the recent fall in the token’s price from the ongoing down market. The current average blockchain load of the network hovers at 93.19%, which means that 93.19% of its blocks are being filled. In context, the metric amounted to only 32.49% on New Year’s Eve. The number of ADA wallets is also on the verge of breaking the 3 million mark. Many ADA enthusiasts took to social media to celebrate the milestones. However, t...
J’Dess – Ada EP Download
Here is J’Dess‘ new project titled “Ada” EP out now. Nigerian fast-rising artist and songwriter Joy Chioma Ebiem, stage name J’Dess and one of the finalists in the music talent hunt show, The Voice Nigeria. She is glad to put out her new project titled “Ada“. The bodywork comprises 8 tracks, features on the EP include Waje, Zoro, The Cavemen, Loud Urban Choir, Chigurl, and Selebobo. The tracks on the “Ada” EP were produced by Magical Andy and others. Tracklist Listen and share J’Dess – “Ada” EP below. [embedded content]
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