|Day's Range||0.051 - 0.053|
|52 Week Range||0.0191 - 0.1069|
|Volume (24hr) All Currencies||147.99M|
In a recent live stream with the Cardano community, IOHK co-founder Charles Hoskinson announced that the protocol will work with professional services network PriceWaterhouseCoopers (PwC) to generate a new commercial strategy. Hoskinson, having recently returned from the World Economic Forum (WEF) in Davos, Switzerland, shared that PwC will be "consolidating" information from Cardano, IOHK, and the Cardano Foundation to build a commercial strategy. In his live stream, Hoskinson claimed that Cardano’s base ledger was "at least five times faster than what Ethereum has currently brought to market with its proof-of-work model", which he believes will make it attractive to enterprise users. Cardano’s partnership with PwC may be in reaction to competition from Ethereum, which has just formalised the Ethereum EnterpriseThe post Cardano announces working partnership with PwC appeared first on Coin Rivet.
Cardano (ADA) has been one of the top-performing cryptocurrency assets in 2020, rising by more than 40% against its USD trading pair since the turn of the year. However, from a technical standpoint, it has now been confronted with the 200 exponential moving average (EMA) on the daily chart, which is acting as a bitter point of resistance. A breakout here would see Cardano trade above the 200 EMA for the first time since July, one month after it surged to a yearly high of $0.116. The crucial moving average is currently at $0.046 with Cardano trading just beneath it at $0.044. A level of support has also been established in the $0.041 region, which reinforces Cardano's bullish posture. MuchThe post Cardano edges towards major bullish breakout appeared first on Coin Rivet.
Charles Hoskinson, founder and CEO of blockchain engineering firm IOHK, has reaffirmed that fresh updates will be pushed to Cardano's Shelley testnet on a regular basis following a difficult start. The incentivised testnet, which marks the start of Cardano's decentralisation phase, faced some difficulties during its initial launch - which Hoskinson has described as a "learning experience". In a live update to the Cardano community, Hoskinson admitted that the initial launch of the Shelley testnet was “a bit rocky”. However, he also shared how the team responsible for delivering the first iteration of the testnet had been working tirelessly for “four months straight”, and explained that after stabilising the initial testnet, the team members had taken a well-needed vacation. AsThe post Charles Hoskinson provides Cardano Shelley testnet update appeared first on Coin Rivet.
Last week, Coin Rivet reported that the launch of the Shelley incentivised testnet was imminent, with approved users waiting to take part in the first steps of the protocol’s push for decentralisation. The protocol has now launched live staking for early users. The release of the testnet marks the first time ADA holders can generate passive rewards from staking their token holdings. Millions of ADA tokens have been staked so far, with the average pool staking almost 500,000 ADA each. At the time of writing, the Cardano Beta 7.0 participant pools have almost 70 million ADA staked, according to PoolTool. The development company behind Cardano, IOHK, shared on Twitter that over 240 pools had already registered on the testnet and wereThe post Cardano pushes latest Shelley development, over 5 billion ADA staked appeared first on Coin Rivet.
ADA holders are waiting with bated breath for the highly anticipated launch of Cardano's Shelley incentivised testnet, which is expected to arrive any day now. IOHK, the engineering company behind Cardano, completed the ADA balance snapshot in November, which identified users who were eligible to take part in staking. Although the new release will still be in testnet mode, participating users will still earn real ADA rewards which will be deposited in their wallets at the end of the testnet period. Stake pools will also be live on the testnet, which allow dedicated node operators to have other users delegate their stake to them as they validate transactions on the network. Stake pool operators will be required to register throughThe post Cardano edges closer to live staking, releases rewards calculator appeared first on Coin Rivet.
While most of the top-20 cryptos are angrily in the red today, Cardano (ADA) has been making steady gains over the last few days. It’s currently up by around 3% in the last 24 hours, making it one of the very few green coins today. So why is ADA baulking the bearish trend? Shelley testnet sees 100+ staking pool registrations Implemented to bring about the full decentralisation of Cardano, the recently released Shelley testnet is already showing a lot of promise. According to one Cardano enthusiast on Twitter (liked and retweeted by both The Cardano Report and Cardanians.io), in just two days, more than 100 staking pool registrations were recorded on the Shelley testnet. Over 100 registered staking pools onThe post Cardano’s Shelley testnet shows a lot of promise appeared first on Coin Rivet.
In a series of tweets published this week by the official Weiss Crypto Ratings account, the financial ratings firm claimed that while EOS was first to market, rival Cardano has "vastly superior" technology. The ratings firm later stated that Cardano’s imminent release of its Shelley phase was a turning point for the protocol, which would allow investors to earn passive ADA through staking for the first time in the blockchain’s history. Cardano is clearly superior to EOS. EOS was first to market, but it’s becoming increasingly clear that of the two, Cardano is vastly superior. More details on this in subsequent tweets. ADA crypto cryptocurrency -- Weiss Crypto Ratings (@WeissCrypto) November 13, 2019 However, conflicting ratings on the Weiss websiteThe post Weiss Ratings claims Cardano is ‘vastly superior’ to EOS appeared first on Coin Rivet.
Cardano’s long-awaited Shelley era is rapidly approaching, with the company now launching an incentivised testnet which will reward ADA holders for delegating their stake. As part of Cardano’s Shelley phase, which will see the third-generation blockchain protocol move to a fully decentralised state, researchers at IOHK - the engineering and development arm behind Cardano - are allowing users to earn real rewards for taking part in network consensus. Launched in 2017, Cardano has gained a huge following in the crypto space largely due to its adoption of formal verification methods and highly scientific approach to building its protocol infrastructure. It's currently the 12th largest cryptocurrency by market capitalisation. As a proof-of-stake rather than a proof-of-work blockchain, blocks will be validatedThe post Cardano prepares for Shelley era with incentivised testnet release appeared first on Coin Rivet.
Bitrue, a Singapore-based cryptocurrency exchange focused on serving the XRP community as it supports over 50 XRP pairs, is entering into the lending market.The post XRP-focused crypto exchange Bitrue entering into lending space appeared first on The Block.
Binance.US, the U.S. arm of the exchange giant, announced today that it will allow customers to deposit five additional cryptocurrencies. At launch tomorrow, the exchange will support six cryptocurrencies and one stablecoin - Bitcoin, BNB, Ethereum, XRP, Bitcoin Cash, Litecoin and Tether.The post Binance.US to start accepting deposits for Stellar, Cardano, Ethereum Classic, BAT and 0x appeared first on The Block.
Japanese cryptocurrency exchange Bitpoint has announced today that it has been hacked, losing about 3.5 billion yen ($32 million) in cryptocurrencies, including XRP.The post Japanese crypto exchange Bitpoint hacked, lost $32 million appeared first on The Block.
Cryptocurrency asset manager Bitwise and Swiss fintech company Amun AG have launched a new exchange-traded product (ETP) on Switzerland’s top stock exchange SIX, and it promises to offer diversified liquid exposure to the nascent digital market. The post Bitwise, Amun launch a new crypto ETP on Swiss stock exchange appeared first on The Block.
Cardano has been one of the top performing cryptocurrencies over the past 24 hours, rallying 10% against its USD trading pair and 8% against Bitcoin. The surge in price has seen a test of the critical $0.10 level of resistance, which is not only a psychological level but also a technical level dating back to April. In light of a resurgence in the cryptocurrency markets, Cardano made a 152% move to the upside from March 1 to April 1. It then suffered a 41% correction after touching the $0.10 mark. However, Cardano has remained resilient in spite of the sell-offs by establishing a level of support at around $0.08. This level has been used as a platform for subsequent moves The post Cardano (ADA) tests critical level of resistance after rallying 10% appeared first on Coin Rivet.