All posts by CardanoNews

EXCHANGE

Could it be a Coinbase stock market crash?

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For a few months now, we’ve heard news of crashes and bankruptcies in the crypto market. In addition, the events in the bear market negatively affected the companies. Many mining companies, stock exchange companies are going through hard times. During this time, some experts began to talk about the collapse of the American-based Coinbase company.

Business Insider reports that Coinbase has temporarily closed its affiliate marketing program in the US. According to an email to the three creators, the crypto exchange will suspend its program from July 19, citing current market conditions and the unfavorable outlook for the crypto industry.

America-based crypto exchange company Coinbase has suspended its affiliate programs, citing market conditions. Coinbase’s share prices have dropped nearly 85% from the all-time high of $357 to the current $53.79. In a letter to shareholders, the company reported that its first fiscal quarter results were directly affected by market volatility. They reported a financial loss of $430 million in the first quarter of 2022.

Coinbase CEO explained: Ben Armstrong, a major crypto influencer and creator of Bitboy Crypto, warned his followers that Coinbase could be in bankruptcy in recent history. Mike Dudas, co-founder of 6th Man Ventures, described the crypto exchange’s NFT platform as a failed launch.

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 Price Ready To Take Action In The Coming Weeks

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Cardano’s ADA price is starting a bullish rally. ADA may be preparing for a 30% move. It ranks 6th on CoinMarketCap’s list of the largest crypto projects with a market capitalization of $22.05 billion.

Looking at 24-hour performance, ADA is up 1.85% in the last 24 hours. This brings its price to $0.6511. The price of ADA has also increased by 13.37% over the past seven days. This makes it the only coin to record double-digit gains on CoinMarketCap’s top 10 list last week.

The main reason for Cardano’s weekly price performance is the formation of the next big hard fork event called the Vasil Hard Fork. Historically, hard forks have seen the price of the ADA pump, and this time around is likely to be no different.

Source: coinquora

CARDANO NEWS

The number of projects created on the Cardano ADA network hits a record

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The number of projects created on the Cardano ADA network has exceeded 1000. A breakdown of the types of projects built on the Cardano network shows that 40.4% of these projects built on the Network are NFT collections. Despite what’s going on in its ecosystem, ADA is still in oversold territory. The Cardano network continues to make progress and has passed a major milestone, which is the number of projects currently being built on the Cardano network.

The distribution of project types built on Cardano Network shows that 40.4% of these projects built on the Network are NFT collections, the category with the highest percentage in the distribution.

The next highest percentage of projects are Community and Social projects, with the category accounting for 6.0% of 1,003 projects in the network.

Looking at the technical specifications of ADA, the token is still in the oversold region and its price is being held by the bears as the ongoing bear market continues. The price of ADA has also been on the decline since peaking around $2.55. Despite the drop in price and the crypto bear market, ADA is becoming a popular platform for blockchain developers due to the team’s rapid innovation aimed at making the network the fastest and most performing network in the crypto space.

The team also plans to make a series of upgrades in the coming months that will increase the throughput of the network, i.e. the transaction processing rate. This will make it an even faster network. Perhaps one of the biggest upgrades to come is the Vasil Hard Fork. Cardano (ADA) investors and the wider crypto community are looking forward to the Hard Fork Event.

Source: coinquora.com

CARDANO NEWS

Cardano ADA, Most Adopted Crypto in Bear Market, According to Survey

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Cardano is one of the most robust and stable blockchain networks in cryptocurrency. A tried and tested robustness has been proven. Hoskinson appears on Twitter in a recent poll conducted by @LondonRealTV, the Twitter account of the media company of the same name.

The survey shows that in a bad market, around 80 percent of respondents chose Cardano’s native token ADA over other major cryptocurrencies.

The value of ADA has risen today and has risen as high as 9 percent in the last 24 hours. Crypto seems to be loved more than Bitcoin, Ethereum or any other cryptocurrency. In the poll, ADA gained 78%, while Bitcoin and Ethereum gained 11% and 5%.

The ADA development team is currently working on the Vasil hard fork, which is expected to be released in July. The patch aims to streamline Cardano’s support for smart contracts.

The Cardano Hydra update is expected to be released for the third quarter of 2022. These features are expected to increase the acceptance of Cardano and raise the price. In light of this, Cardano is an excellent buy in the current bear market.

Source: bitcoinist.com

ALTCOIN NEWS

What is the latest LUNA, Terra blockchain is also discontinued, Binance LUNA removed from the list

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What is the latest status and update of LUNA? Lunada has a new statement. The Terra blockchain has also been discontinued. After the unpinning of the UST, the LUNA is experiencing extreme volatility. One of the reasons for the massive declines in the cryptocurrency market. LUNA is still depreciating. LUNA investors are in a really difficult situation.

In a statement made by Terra (LUNA) on its twitter account today, the Terra blockchain said that it was officially stopped at block 7607789. The full statement reads: ” The Terra blockchain has officially halted at block 7607789. Terra Validators have halted the network to come up with a plan to reconstitute it. More updates to come.”

More updates are coming, but we can say that LUNA investors have no confidence anymore. Exchanges have started delisting LUNA. LUNA’s current value is $0.0000466

MARKETS NEWS

Crypto market cap drops to $1.1 Trillion

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The cryptocurrency fell to the 26 thousand band of Bitcoin (BTC). As the value of cryptocurrencies decreases, its market enters a bearish trend. Cryptocurrency exchanges were also affected by such a rapid decline. According to the information we learned, the total market value of cryptocurrencies decreased to 1.1 trillion dollars.

Cryptocurrency market continues to decline and how much more will it fall. In August 2021, the cryptocurrency market reached a value of $ 2 trillion. But later on, the value also declined with decreases. There has been a massive decline in the overall value of the cryptocurrency market, driven by the recent slump.

In addition, USDT fell to the level of $ 0.95 on all cryptocurrency exchanges.

MARKETS NEWS

How low will Bitcoin go, will it drop to $28,000?

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Bitcoin and altcoins fell very fast. So how much will Bitcoin drop, will it drop to $28,000? famous analyst comments. The month of May was not good for the coin market. Bitcoin and altcoins started very low. And still, the cryptocurrency market continues to decline.

Bitcoin has lost a lot of value in the last 24 hours, falling as low as $ 30,380. Ethereum also fell heavily, dropping as low as $2,260 on Sunday evening and losing its support point. However, some experts have warned that the continued gains of the US Dollar Index (DXY) could push Bitcoin, Ether, Cardano, Solana, Shiba Inu and other cryptocurrencies into further corrections.

Darshan Bathija, co-founder and CEO of Singapore-based crypto platform Vauld, said: “The Nasdaq 100 has dropped once again for its fifth week in a row. The crypto markets are moving at the same pace as the stock market, and what we’re seeing right now is investors’ interest in Bitcoin. He sees i as a risky asset. In light of fears of rising inflation, many investors have taken a risk-averse approach by selling stocks and crypto to mitigate risk.”

Peter Brandt wrote on his twitter account on May 1, 2022; He said that the Bitcoin price could drop to $28,000. Today, reevaluating its stance, the revised support target is “buy when everyone else is selling, sell when everyone is buying”.

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

Elon Musk Officially Acquired Twitter? Yes, Elon Musk is the new owner of Twitter

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Elon Musk Officially Acquired Twitter, Twitter’s new owner and boss is Elon Musk. Elon Musk recently bought a significant amount of shares in the Twitter company. When they wanted to buy all the shares of Twitter, Twitter management did not want to sell it. But Twitter has just been sold.

Elon Musk offered to buy Twitter at $54.20 per share. The offer made at $54.20 was accepted. Twitter shareholders will receive $54.20 in cash for each share.

After Twitter was sold, explanations began to come in.

Elon Musk’s statement: “Freedom of expression is the cornerstone of a functioning democracy, and Twitter is the digital town square where issues vital to the future of humanity are discussed.”

Parag Agrawal, CEO of Twitter, said: “Twitter has a purpose and interest that impacts the world. We are deeply proud of our teams and inspired by the work that matters more than ever before.”

According to the information received, Tesla CEO Elon Musk bought Twitter for $ 44 billion. The sale of Twitter was published as the first news in the world.

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

Hoskinsea Sold 80% of Allocated Tokens

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Hoskinsea marketplace is the largest NFT marketplace in the Cardano network, this marketplace is set to perform all the advanced functions of the NFT marketplace, pulling some of its features from other blockchain networks. Hoskinsea is preparing to solve the Cardano NFT mintage problem by providing multiple mint access, unlimited NFT buy orders and much more.

HSK Token Utilities
NFT Purchase – Token holders can purchase NFTs at a discounted price from the Hoskinsea market.

Transaction Fees – NFT issuance fees can be paid using HSK tokens

Governance and Voting – HSK token holders will be made part of the decision-making process on matters affecting our Ecosystem. Therefore, only the holders of our token will be given the right to vote on the necessary decision-making process that will affect our ecosystem.

It is important to note that the degree of votes you can cast and your participation in the voting process in question will depend on the amount of coins you have.

Exclusive Privileges – Top HSK token holders will be given exclusive access to rare edition NFTs that will only be available during the public mint

Buy AD Slots – Due to the many NFTs that will be on the platform, users will be able to purchase ad slots for their NFTs using HSK Tokens.

Read More: thecryptobasic

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

FLOKI Returns to London With Marketing Ads

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FLOKI had an advertising campaign in the UK in October 2021. England’s Advertising Standards Authority (ASA) took this ad campaign under review and started the review in November 2021 and banned Floki Inu FLOKI ads in March 2022. FLOKI has started to run its ads in London again.

The FLOKI team made a statement for the new advertising campaign on their Medium account and Twitter account :

“FLOKI will be on 300 buses in London for 3 full weeks in October. In other words, FLOKI will be everywhere! #FLOKI to completely lock down London Underground. London Underground, or the Tube, is one of the busiest tube systems in the world — handling up to 5 million passenger journeys daily. Well, you’ll be seeing $FLOKI all over the Tube in October! #FLOKI will dominate the Btok launch page starting October and through the end of the year. That’s 3 full months. Btok was one of our most impactful marketing campaigns during the early days, resulting in tens of thousands of holders. Now, we’ve locked down a bigger deal!”

For FLOKI’s other explanation, be sure to read the links below.

Source 1: realflokiinu
source 2: twitter FLOKI

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.