ADA Price Analysis – October 12 In case the support level of $1.87 is retested, it may be penetrated, and expose the price to $1.64 and $1.46. In case the bulls’ momentum becomes stronger and the resistance level of $2.30 is penetrated, then, $2.68 and $3.0 may be tested. ADA/USD Market Key Levels: Resistance levels: […]
IOHK has announced a partnership with decentralized blockchain oracle network Chainlink in its ongoing Cardano (ADA) Summit 2021. Based on the announcement, the partnership will allow Cardano to integrate Chainlink’s oracles in supporting developers as they begin building Smart Contracts (SC) for decentralized finance (DeFi) applications. This comes after the Alonzo Mainnet upgrade on September […]
The founder and CEO of Cardano (ADA), Charles Hoskinson, has spoken strongly against the sweeping idea of deflationary economics in the cryptocurrency industry. Mr. Hoskinson made his opposing stance known in a recent AMA (ask me anything) session on YouTube, comparing the practice of token burn to stealing food. He noted that the activity reflects […]
Following the recent Alonzo Mainnet upgrade, Smart Contracts (SC) compatibility has become a reality for Cardano (ADA) developers. The upgrade allows developers to create decentralized applications (dApps) and decentralized finance (DeFi) services. With the recent creation of new SC projects, the network could witness a massive influx of new dApps. Reports show that the network […]
Cardano (ADA) has come under criticism following reports of a concurrency issue discovered in the Alonzo testnet. The Cardano team announced some days ago that the Smart Contract functionality had gotten integrated on the Alonzo Testnet. The Alonzo Mainnet upgrade will go live on September 12. However, a recent Twitter thread by Ethereum enthusiast Anthony […]
The Cardano Foundation appears to be toeing the line towards better regulatory compliance practices following a recent announcement to integrate Anti-Money Laundering analytics firm Coinfirm into the Cardano ecosystem. Coinfirm confirmed the development last Tuesday with an announcement to deploy its top-notch AML/CFT analytics system to ensure best regulatory-compliance practices by Cardano with the FATF’s […]
Cardano (ADA) has announced that it plans to launch an ERC-20 converter to grant usability of Ethereum-based assets to its testnet. According to the video announcement posted by IOHK, a test of the ERC-20 compatibility should occur next week and could become a significant game-changer for Cardano should it scale the test. According to Francisco […]
Investor euphoria is back in the market again, and this time it is driving Cardano (ADA) higher. While Bitcoin has reclaimed the $50k line after a 3% rally which has sparked excitement in the market, Cardano stole the shine with a 12% rise over the past 24 hours and trades at $2.8200. The recent rally […]
The Cardano team has announced an official date for the release of its long-awaited Smart Contract capability rollout. According to IOHK, the host company of Cardano, the Alonzo hard fork will go live on September 12. The integration of Smart Contracts on the proof-of-stake platform will allow developers to create dApps satisfying use cases like […]
