#cardano

Cardano Rises Sharply Last Week Amid The Latest Wave Of Environmental FUD In The Markets

Crypto News Point

May 26, 2021
2 min

Cardano Rises Sharply Last Week Amid The Latest Wave Of Environmental FUD In The Markets

Cardano (ADA) rose sharply last week even as interest in Bitcoin (BTC) and Ethereum (ETH) waned, highlighting the growth of proof-of-stake assets amid the latest wave of environmental FUD in the markets. It has been reported according to CoinShares that institutional investment managers bought $10 million worth of ADA products for the week ending May 24. However, Cardano investment funds attracted more capital than any other digital asset. By comparison, Bitcoin funds saw an

Cardano’s ERC-20 Converter Tool To Open For Beta Testing

Crypto News Point

May 20, 2021
2 min

Cardano’s ERC-20 Converter Tool To Open For Beta Testing

Cardano’s ERC-20 converter tool will soon be open for beta testing, as Cardano is drawing closer to becoming a reality, with a token migration bridge soon to enter the testing phase. It has been reported according to Francisco Landino, project manager at Input Output Hong Kong (IOHK), the research and development arm responsible for Cardano, that the platform’s ERC-20 migration tool is nearing testnet deployment. However, Landino said that the ERC-20 converter tool will allow

Cardano Surges 14% Growth To Reach $1.83 On Major Exchanges

Crypto News Point

May 11, 2021
2 min

Cardano Surges 14% Growth To Reach $1.83 On Major Exchanges

Cardano (ADA) has surged 14% growth to reach $1.83 on major exchanges, marking a new all-time high (ATH). It has been reported that it was last seen hovering just below $1.80, having gained 14% on the day, 31% on the week, and over 47% in the past month. However, at current values, Cardano has a market cap of $57.8 billion, flipping Tether (USDT) for the sixth spot on the market leaderboard. Cardano’s market ranking could be seen as high as fifth on CoinMarketCap. Cardano app

Cardano And Polkadot Continues To Dominate The Staked Capitalization Rankings

Crypto News Point

Apr 23, 2021
1 min

Cardano And Polkadot Continues To Dominate The Staked Capitalization Rankings

Report said that Cardano and Polkadot have continued to dominate the staked capitalization rankings. It has been reported that Cardano is currently the top blockchain in terms of staked value, with around $26.4 billion worth of Cardano (ADA) allocated to securing the network. However, with Cardano’s entire capitalization tagging $36.6 billion, 73% of circulating ADA are being staked. Staking Rewards estimates Cardano stakers are earning an annual reward of 7.22%. The report s

CNFT platform: A Scalable Solution For The Art Enthusiasts!

Crypto News Point

Apr 22, 2021
7 min

CNFT platform: A Scalable Solution For The Art Enthusiasts!

Blockchain buzz is gaining traction in the financial sector. Its credibility has made it reach wider sectors of the industry along with getting itself explored in the artistic realm and no doubt, this experiment has made the world go frenzy into exploring their artistic skills and spending millions making the celebrated art enthusiasts millionaires thereby upholding and supporting the NFT sector. Yes, we are talking about NFTs. NFTs have managed to expand their tentacles to e

Cardano To Become An Ethereum Contender Once It’s Alonzo Update Completes

Crypto News Point

Apr 21, 2021
2 min

Cardano To Become An Ethereum Contender Once It’s Alonzo Update Completes

Charles Hoskinson, the founder of Cardano (ADA), has said that Cardano will strive to become an Ethereum contender once its Alonzo update has been completed. It has been reported that through his YouTube channel, he discussed Cardano’s roadmap covering the next four years in a video titled “Some Musings about the Roadmap.” However, he mentioned that although the Cardano developers are working on solving the scalability issue and Cardano’s approach to it, he will only turn his

Cardano Nears All-Time High With Renewed Retail Interest

Crypto News Point

Mar 21, 2021
1 min

Cardano Nears All-Time High With Renewed Retail Interest

Cardano nears All-Time High with renewed retail interest. With the rise of retail interest in the asset, Cardano(ADA) seems to soar nearing all-time high on March 18. It hit a price of $1.47 on March 18, which was viewed on the TradingView for Kraken exchange. The price very close to its $1.48 all-time high that was on February 27. The 1-hour chart shows upward trend line where the asset made higher lows. Currently its price sits near $1.32, although on its recent downward mo

Kiss Bassist Gene Simmons Invests In Cardano

Crypto News Point

Feb 22, 2021
2 min

Kiss Bassist Gene Simmons Invests In Cardano

Gene Simmons, the American musician and bassist, has invested in Cardano (ADA), as he recently recruited Elon Musk’s “Dogecoin army.” It has been reported that on February 19, Simmons revealed on Twitter that he would buy $300,000 worth of ADA. While emphasizing that he is not a financial analyst, a helpful disclaimer, the rock star said he wanted to share projects he believes in and was definitely not suggesting anyone else should buy ADA. I just bought $300,000 of CARDANO (

Cardano Hits Its All-Time High Of $0.97, Gains 438%

Crypto News Point

Feb 17, 2021
2 min

Cardano Hits Its All-Time High Of $0.97, Gains 438%

ADA, the Cardano Foundation’s coin, has hit its all-time high (ATH) of $0.97 on February 12, having started the year trading at $0.18, entailing 438% gains year to date. It has been reported that apart from the macro trends in the cryptocurrency industry driving up the price of flagship assets, such as Bitcoin (BTC) and Ether (ETH) translating to other altcoins, such as LINK, DOT, etc., Cardano’s growth could also be attributed to the network updates that Cardano has been run

Bitfinex Borrow Adds Cardano (ADA) as Collateral

Crypto News Point

Jan 19, 2021
3 min

Bitfinex Borrow Adds Cardano (ADA) as Collateral

ROAD TOWN, British Virgin Islands, January 19, 2021, 10:00 AM UTC – Bitfinex, a state-of-the-art digital token trading platform, has added Cardano (ADA) as collateral on Bitfinex Borrow, a peer-to-peer (P2P) digital token loan portal. Bitfinex customers will be able to obtain loans of up to 70% of the value of their ADA holdings in US Dollars (USD) and Tether tokens (USDt). At the date of this announcement, the borrowing rate for ADA was 11.68% Annual Percentage Rate (APR). “

IOHK Expands Cardano Development Fund With Launch Of A New, $500k Funding Round For Community To Vot

Crypto News Point

Jan 8, 2021
3 min

IOHK Expands Cardano Development Fund With Launch Of A New, $500k Funding Round For Community To Vot

‘Fund 3’ will see $500k made available for community proposals to improve adoption of Cardano This follows the success of Fund 2, which will award $250,000 worth of ada to groundbreaking ideas voted on by the Cardano community The decentralized funding platform currently has more registered voters than all of Ethereum’s top 100 DAOs combined The fund forms an integral part of Cardano’s ‘Voltaire’ era, which aims to hand governance of the platform over to the community The fun

Cardano Price Rises More Than 100% In The Past Week, Overtakes Bitcoin Cash To Become The Sixth-Larg

Crypto News Point

Jan 7, 2021
2 min

Cardano Price Rises More Than 100% In The Past Week, Overtakes Bitcoin Cash To Become The Sixth-Larg

The Cardano (ADA) price rose more than 100% in the past week, as it overtook Bitcoin Cash (BCH) to become the world’s sixth-largest cryptocurrency by market capitalization. It has been reported that there are two major factors behind ADA’s strong upsurge throughout the past several weeks. First, most major cryptocurrencies saw large rallies after BTC’s uptrend to $36,400 and Cardano has some important network upgrades lined up in 2021. However, Cardano launched the Shelley ma

Wolfram Alpha Partners With Cardano To Address Work On “Avant-Garde Oracles”

Crypto News Point

Dec 20, 2020
1 min

Wolfram Alpha Partners With Cardano To Address Work On “Avant-Garde Oracles”

Wolfram Alpha, a major computational knowledge engine, has planned to partner with Cardano to address work on the “avant-garde oracles.” It has been reported that Wolfram Blockchain Labs (WBL) will integrate Cardano’s blockchain data into Wolfram Alpha by allowing developers to integrate external data into Cardano’s smart contracts. As the partnership will address work on the so-called “avant-garde oracles,” the companies believe are a necessary component to build advanced sm

Crypto News Point

Dec 12, 2020
2 min

IOHK Launches Unique ‘Smart-Contract-Free’ Solution for Tokens on Cardano

Cardano will be uniquely capable of representing any token, allowing unprecedented levels of interoperability for blockchain projects. Solution will reduce human coding errors, remove inefficiencies, complexity, potential bugs, and unnecessary costs. Tokens from other chains will operate on Cardano, enjoying all the speed, security and reduced transaction costs that come with it. IOHK, the global blockchain research, and development company has announced a unique interoperabi

IOHK announces plan to achieve future Cardano smart contract compatibility with all programming lang

Crypto News Point

Dec 4, 2020
3 min

IOHK announces plan to achieve future Cardano smart contract compatibility with all programming lang

IOHK to launch two developer environments to allow developers to write, deploy and test smart contracts for Cardano The ‘KEVM’ devnet will allow developers to deploy existing or future Ethereum-based applications on Cardano, meaning 140,000+ smart contracts will be compatible with the blockchain The ‘IELE’ devnet will be the first large scale beta test to allow non-blockchain developers to start to build smart contracts on Cardano without needing to learn a blockchain-specifi

Report: Cardano Ecosystem Has A Complex Governance Structure

Crypto News Point

Oct 6, 2020
2 min

Report: Cardano Ecosystem Has A Complex Governance Structure

A report said that the Cardano (ADA) ecosystem has a complex governance structure, not dissimilar from the way the US democracy operates, with its built-in checks and balances. It has been reported that according to the Foundation’s incoming CEO Frederik Gregaard, there are three main players: the Cardano Foundation, EMURGO, and IOHK, where the governance will only get more complicated as more organizations join. However, he also said that he intends to maintain the Foundatio

eToro Launches Staking Service For Its Clients, Lets Users Earn Staking Rewards From Cardano And Tro

Crypto News Point

Oct 5, 2020
2 min

eToro Launches Staking Service For Its Clients, Lets Users Earn Staking Rewards From Cardano And Tro

eToro has announced the launch of a staking service for its clients, letting users earn staking rewards from Cardano (ADA) and Tron (TRX). It has been reported that users who hold positions in either of these currencies will be eligible for staking rewards, awarded monthly, as the company said that other assets will be introduced later on as well. Exciting news🎉https://t.co/pg3EOfG1Hn#Tron #Cardano #eToroStaking — eToro (@eToro) October 1, 2020 However, the system is comple

Australian Developer Allows All Shopify Stores To Transact In ADA Tokens Run On The Cardano Network

Crypto News Point

Oct 5, 2020
2 min

Australian Developer Allows All Shopify Stores To Transact In ADA Tokens Run On The Cardano Network

An Australian developer has completed work on a Cardano app that will allow all Shopify stores to transact in ADA tokens and other tokens, which run on the Cardano network. It has been reported that the project is being developed voluntarily by Jeronimo Backes who wants to help bring utility to the blockchain. My update on the #Cardano #shopify integration (progress after 2 weeks of development) https://t.co/elm7rwf8OK via @YouTube Delegate to the SHOP stake pool to support

IOHK Launches $250K Fund, Enabling Community To Realise Innovative Applications Of Cardano

Crypto News Point

Sep 17, 2020
3 min

IOHK Launches $250K Fund, Enabling Community To Realise Innovative Applications Of Cardano

Leading blockchain research and development company, IOHK today announced the first funding round of the Cardano blockchain’s decentralised governance component, ‘Project Catalyst’. A $250k funding round, Catalyst is designed to encourage developers and entrepreneurs to build on top of the Cardano blockchain. Community members can submit proposals regarding the future development of the Cardano blockchain and decide, through a novel voting process, which proposals are funded.

Cardano Successfully Completes Shelly Hard Fork

Crypto News Point

Jul 31, 2020
2 min

Cardano Successfully Completes Shelly Hard Fork

Cardano introduces proof-of-stake by completing Shelley hard fork. It is designed to challenge Ethereum’s lead position hard forked from the centralized Byron network into the decentralized Shelley network. Shelley #mainnet is now available. #Cardano, the third generation #blockchain, has added another pillar of technology, offering true #decentralization. Learn what #Shelley can do for you: https://t.co/m1sINU8Awc. #ShelleyEdition #blockchainnews #crypto pic.twitter.com/mv4N