All posts by CardanoNews

CARDANO NEWS

Let’s follow the Cardano blockchain developments in cryptocurrencies

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The use of crypto will increase in the near future, and by surpassing cash, crypto will be available everywhere. Check. Traditional money is resisting cryptocurrency, but it seems unlikely to prevent it. Everything is going digital in our lives, it is very normal for financial transactions to be digitized.

In cryptocurrencies, the Cardano blockchain serves a convenient purpose, as does Ethereum. While ADA-USD is the cryptocurrency that fuels it. Investors can own coins that appreciate over time just like any other asset.

Why should you bother? If you had done this about a year ago, you would have gotten a 1600% return on your investment. Investors need to change their perceptions and delve deeper into crypto opportunities.

Cryptocurrency technology is pushing the boundaries of financial technology. This comes into play with legacy processors like Square, Paypal, Visa and MasterCard. A much better investment assets than traditional money as we know it.

We know ADA is a crypto worth having, those who don’t will soon see that. There are very serious developments in Africa and in many countries. We think it should be in your crypto basket with its technological infrastructure and robust updates.

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 NEWS

Raoul Pal Thinks Cardano, Solana, Avalanche, and Terra Will Rise

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Raoul Pal, known to those interested in crypto money, said that Cardano (ADA), Solana (SOL), Avalanche (AVAX) and Terra (LUNA) could rise in this bull cycle.

In his interview, Raoul Pal talked about the possibility of a long bull market by June 2022 that could potentially push Ethereum as high as $40,000.

Raoul Pal said: “I think almost certainly by March but possibly by summer, which will give us higher prices and a different cycle structure than we’ve seen before. I could be wrong. I’m not betting on everything. But I think it could be like this. If I’m right about the adoption of the network, then other layer-1s like Solana, Terra, Avalanche, Cardano and others will be great explosives.”
“But on a risk-reward basis, they’re riskier. They are not as deep a network as Ethereum. For me, Ethereum remains the best option in the world from a risk-adjusted perspective.”

Source: https://www.coinkolik.com

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 NEWS

Cardano Community: We released the beta version of the integrated PAB

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Announcement on Cardano Community twitter account: Today we have released the beta version of the integrated PAB and now we invite our developer community to try it on the Cardano Thumbs up bicepstest network, take the steps and provide us with their feedback.

2020-11-05 PAB Release Notes
This release demonstrates integration with the cardano-wallet backend via the, and endpoints. It also adds a tool to set up and test this integration on a local “private testnet” and a collection of scripts to demonstrate this process end-to-end on the public testnet.

IMPORTANT: This is the first version with support for cardano-wallet. Please use this version with caution and we recommend using it on a testnet only.

New Features and Fixes: 2021-11-05 PAB Release

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 NEWS

ADALend Announcement: Upcoming Cross-Platform Development

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ADALend, which is currently in the process of developing a decentralized finance (DeFi) project, has announced plans to begin development of its cross-platform integrations very soon.

Cross-platform integrations will simplify and enable access to decentralized financial services by a broader segment of users worldwide.

Javed Khattak, Managing Director of ADALend, previously announced that ADALend will work on the user experience and simplicity of the UI and platform, providing less barriers to entry for traditional users to get involved in decentralized finance.

Source: www.adalend.finance

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.

ALTCOIN NEWS

Ethereum ETF approval may come before Spot Bitcoin ETF

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The SEC has yet to give an approval for the Ethereum ETF. Bitcoin ETF are viewed positively, but no clear statement has yet been made. But ETF is not falling off the crypto agenda. Grayscale, on the other hand, thinks that a Bitcoin-based ETF will be more effective.

Bloomberg Intelligence, on the other hand, recently published a report investigating why a spot bitcoin ETF is less likely than an Ethereum ETF. The report laid out the reasons why they believe Ethereum ETFs are much closer to us than Spot Bitcoin Funds. Considering that the language in Bitcoin and Ethereum ETFs is almost the same, Ethereum ETFs are more likely to be released soon.

Bloomberg analysts have said that an Ethereum ETF will be approved as early as the first quarter of 2022, before the market sees a spot bitcoin ETF. The SEC’s slow movement delays EFT and many plans a lot.

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.

POLITICS

India’s Paytm Company May Launch Bitcoin If Government Legalizes Crypto

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Paytm, India’s major digital payments company, may consider adding Bitcoin trading to its offerings if it is approved with crypto in India. According to a report from Bloomberg, Paytm has expressed interest in adding Bitcoin trading to the platform. However, the government needs to clarify regulations regarding cryptocurrencies before considering doing so.

“Bitcoin is still in a regulatory gray area, if not a regulatory ban in India,” Madhur Deora, the company’s Chief Financial Officer, told Bloomberg TV in an interview. Over the past few years, the Indian government has repeatedly changed its stance on crypto, confusing investors with the regulatory rules surrounding it.

The Indian government’s indecision about cryptos is negatively affecting all crypto investors in India. We hope the Indian government will now pass a positive law.

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.

MARKETS NEWS

On the Australian exchange, BetaShares crypto company fund breaks records in 15 minutes

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BetaShares crypto fund management company’s Australian exchange-traded fund (ETF) broke Australian Securities Exchange (ASX) records in the first 15 minutes.

Investors on the exchange broke the current ETF record of A$8 million within minutes, raising a total of about A$42.5 million by the end of its opening day. It signaled a massive pent-up demand for crypto exposure on the Australian Stock Exchange (ASX).

The Australian Securities and Investment Commission has given the green light for the launch of Bitcoin and Ether ETFs, provided a long list of guidelines is followed.

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.

POLITICS

New York mayor Eric Adams says he will receive his first three paychecks in bitcoin

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Eric Adams, the new mayor of New York City, is a Bitcoin-loving mayor. By using the blockchain-based structure in New York City, it is preparing for the future before other cities.

Miami Mayor Francis Suarez has taken important steps to incorporate crypto into his governance, including the use of the CityCoins protocol in Miami. He tweeted that he plans to receive his next paycheck in “100% bitcoin”.

New York City Mayor-Elect Eric Adams said he will receive his first three paychecks in cryptocurrency so he doesn’t get left behind. “We always get big in New York, so when I become mayor I will get my first THREE paychecks in Bitcoin. NYC will be the hub of the cryptocurrency industry and other fast-growing, innovative industries! Wait!” he said in a tweet.

Eric-Adams-tweet

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.

POLITICS

Cryptocurrency purchase limits for local retail investors in Kazakhstan

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Kazakhstan has limited the amount of money local retail investors can put in crypto, Kazakhstan global news site kapital.kz reported on Wednesday.

Retail investors can invest 10% of their annual income or 5% of their total assets up to $100,000 per year, excluding their main residence, as long as they can prove their finances to the regulator, capital.kz reported.

Investors can invest up to $1,000 per month if they don’t provide any proof of their financing, according to Kapital.kz, which says it has obtained information directly from the Astana Financial Services Agency (AFSA).

AFSA was not available for comment at the time of publication.

Limits have been introduced to protect retail investors from crypto-related “high risks,” which could include a complete loss of capital, AFSA told kapital.kz.

AFSA has also created a roadmap to develop the crypto market in the country. According to the plan, crypto exchanges will operate as pilots for a year from the end of 2021.

According to the report, the rules set by AFSA went into effect on October 26.

According to capital.kz, the agreed rules are more stringent than those previously proposed by the Astana International Financial Center (AIFC). An AIFC committee suggested a monthly limit of $2,000 for retail investors.

Kazakhstan has seen a massive influx of crypto miners since China began a crackdown on the crypto mining industry in May. The country faces severe power outages, partly due to the influx of miners, and plans to limit the electricity consumption of new mines.

source: www.kapital.kz

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 NEWS

Cardano continues to work for Africa

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Hoskinson, the founder of Cardano, expects Cardano’s partnerships with African governments to influence regulators in the US. Charles Hoskinson meets the African continent with regulators and develops joint business projects with governments. Thanks to Cardano, Africa will probably use blockchain technology before many other countries.

A blog post by Input Output Hong Kong (IOHK), the company behind Cardano, said:
“Africa is a really special and interesting continent because it is going through a massive update. There is no dependency on systems of the past because those systems have historically not worked very well here. So that means that over the next 10, 20 years, everything is poised for change, from how compliance works to how stock markets work, from how national identity works to how academia works.”

Charles Hoskinson

He also denied recent rumors that a token burning policy will be implemented on Cardano. It has been said that Cardano has no plans to burn tokens. The percentage of staked tokens continues to increase. Investors are eagerly waiting for ADA prices to rise.

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.