All posts by CardanoNews

Binance will burn tokens with Bruno upgrade

Binance will release the Bruno update and burn tokens with every transaction. Binance Smart Chain (BSC) Bruno v1.1.5 upgrade goes live today. The update also improves full node syncing, which Binance said was a challenge on Nov 17. On November 17, 2021, the network’s daily active addresses exceeded 2 million, with the number of transactions processed reaching an all-time high of 14 million within 24 hours.

As Binance states on its official website: “This hard fork will introduce a real-time write mechanism to BSC’s economic model to introduce a new Binance Coin (BNB) write process, accelerating full node synchronization by more than 60%.”


Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

eToro Exchange Announces It Will Delist Cardano (ADA) and Tron (TRX)

Cryptocurrency exchange eToro has decided to delist the cryptocurrencies Cardano (ADA) and Tron (TRX) due to regulatory issues. However, Cardano founder Charles Hoskinson doesn’t seem very happy with this lack of communication.

Popular Israeli-based trading platform eToro has recently announced that it will delist Cardano (ADA) and Tron (TRX) for users in the United States.


Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

Cardano ADA Enters Europe’s Largest Exchange Bitstamp

Bitstamp on Europe’s Largest Exchange announced on twitter that it will start listing Cardano ADA.

Bitstamp announced: “Good news for CardanoCommunity: we are listing ADA. It is finally happening. The 6th largest crypto by market cap, powering CardanoStiftung, is ready to appear on Bitstamp! With a full list of Cardano pairs and launch schedule, read more see.”

Description and detail on the Bitstamp website:

Listing program

  • Transfer only mode: Deposits and withdrawals are open but trading is not yet activated.

Tuesday, November 23

  • Post-only mode: You can place and cancel limit orders, but they will not be matched. Therefore, no order will actually be completed at this stage.

Wednesday, November 24 approx. 11:00 UTC

  • Limit only mode: Order matching will start and trades will run normally. However, only limit orders will be valid.

Wednesday, November 24 approx. 15.00 UTC

  • Full trade: Once the order books have gathered sufficient liquidity, we will also enable all order types and card purchases for new trading pairs.

Here is the full list of new trading pairs to be added to Bitstamp:

  • ADA / BTC
  • ADA / EUR
  • ADA / USD

Source: Bitstamp


Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

Joe Biden cryptocurrency law negatively impacted the crypto industry

The crypto money bill that Joe Biden signed includes some changes, these changes are as follows.

“Aims to review structuring rules for information reporting requirements and other purposes applied to brokers regarding digital assets. Under current law, those engaged in digital asset mining, staking, digital asset hardware, providing software wallets or developing digital asset protocols may fall under the definition of ‘broker’ and may be subject to certain taxes.
“It will separate miners, stakers, wallet providers, developers and digital asset brokers from investors and allow brokers to report to the IRS.”

Currently, section 80603 of the law says:
“Return Requirement for Certain Transfers of Digital Assets Not Subject to Other Reporting.
Any broker (that is not part of a sale or exchange conducted by that broker) for one year in connection with, or known to, any transfer of security covered as a digital asset from an account held by that broker to an account not held by that broker. or an address unknown to a person who has reason to know is also a broker, in a manner to be determined by the Secretary for the calendar year in question, showing the information otherwise required.


Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

Huobi will send a user to space travel

Huobi, which is among the major exchanges, announced that it will send a user to space with a lottery among users. Space travel, which the world’s rich go, is now offered to crypto money users.

Huobi cryptocurrency exchange, which will celebrate its eighth anniversary, announced that it has decided to organize a space raffle as a promotional event. Who will participate in the draw: Only 1 person will be sent into space by Huobi Global in the draw, in which current and new members can participate.

The winner of the lottery will train the winner of the space travel company, will also undergo a physical preparation process and will be given a salary during the training period. It is said that the cost of space travel will be 500 thousand dollars.

Huobi also stated that other prizes will be distributed in the draw. Applications will close on 16 December and the winner will be announced on 30 December 2021.


Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

Cryptocurrencies are falling fast today and institutions are buying altcoins

Recently, there has been a sharp decline in the cryptocurrency market. For some investors, this is an opportunity. Especially institutional investors are turning to some altcoins.

We don’t know how long the cryptocurrencies will fall, but it seems like some forces don’t want the coins to go up and whenever they go up something comes up to make them fall. Institutional investors are probably the ones who evaluate these declines best.

Some reports also show that institutional investors are buying certain coins. One of these reports is the CoinShares report. In the new report from CoinShares, ADA nearly tied institutional Ethereum (ETH) entries last week, bringing its year-to-date total to $108 million.

According to the report, Ethereum inflows stood at $17.3 million last week, while Cardano outpaced $16.4 million. In the previous week, Cardano entries reached $5 million while Ethereum entries reached a valuation of $31.4 million.


Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

RBI Meets Crypto Gamers For The First Time

The meeting, called at the last minute by the RBI, was attended by senior central bank officials, three exchanges, a crypto broker, and industry association Indiatech.org, which has published a white paper on cryptocurrencies.

There is a growing understanding that in India, crypto trading may be allowed with some type and certain limitations, rather than an absolute ban as in China. Only cryptos with trace and traceable features should be allowed. The KYC system and the possibility of making illegal transactions were also discussed.

Aside from the money laundering issues, the RBI is concerned about potential economic uncertainty should crypto amounts increase over time. In contrast to the shrinking mining of Bitcoin, the leading cryptocurrency whose supply is decreasing year by year, the amount of crypto is increasing due to the release of new coins.

Source: cryptonewsz


Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility

How Much Can Cardano ADA Coin Price Rise?

Cardano ADA Coin is a cryptocurrency known to everyone. Everyone is waiting for the ADA cryptocurrency to experience an increase. But it is progressing much slower than expected. But although Ada coin is slow, it is predicted by experts that it will experience a serious increase.

Cardano ADA Coin gave bullish signals last week. It was a development that made island investors happy. According to crypto experts, the steady progress of the Cardano ADA coin price rally shows that it is on the right track. But let’s not forget that it has experienced a decline again in the last few days.

After Cardano’s top price reached $3.10 USD, it started to decline. According to FXStreet analysts; this altcoin will have a big pump after nine weeks of consolidation.

Of course, it is very difficult to predict the exact price of Cardano. A rise is expected when the island crypto currency rises above $ 2.50. According to experts, Cardano price shows a Downtrend on a Medium Term basis and an almost Neutral trend in the Long Term as well as the Short Term.

The prediction of Wallet Investor is as follows, the ADA price is showing bullish signals, on average, by the end of 2021, the price may rise to $ 2,483. The website also says that the price could be around $4,837 by the end of the next year, 2022.


Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

Twitter has set up its own Crypto team

Twitter, which is the most used in social media, is entering the world of Crypto money fast. Blockchain and Crypto platforms have established the “Twitter Crypto” unit to strengthen their own infrastructure in areas such as NFT, as well as to make better use of cryptocurrencies.

Twitter has long opened its doors to the world of cryptocurrencies. It looks like he wants to be more active in the cryptocurrency world with his “Twitter Crypto” unit. Tess Rinearson, head of the Twitter Crypto team, will be a blockchain engineer.

Twitter Crypto

Blockchain engineer Tess Rinearson said of Twitter Crypto: blockchain will serve as a “centre of excellence” for everything related to NFT and web3. How ideas from crypto communities can help us push the boundaries of what is possible with identity, community, ownership and more we will discover


Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

The country that calls cryptocurrencies Haram, Sharia and Crypto

The Indonesian Ulema Council has considered cryptocurrencies haram. They say that the reason why they consider cryptos haram is that cryptos are harmful and contain uncertainties.

The Ulema Council announced at its meeting this week that crypto money is haram because it resembles gambling. They said cryptocurrencies can be bought and sold as commodities if they provide a benefit and comply with Sharia.

More than 200 million Muslims live in Indonesia and it is the largest Muslim country in the world. We are sure that the Ulema Council will definitely change their minds one day.

According to the news from Bloomberg; The statement made by the Ulema Council stated that it does not impose an official restriction on the use of cryptocurrencies. Despite being considered haram, there are an estimated 4.45 million crypto money investors and a crypto currency transaction volume of approximately $ 8.8 billion in the country.


Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.