All posts by CardanoNews

MARKETS NEWS

BitTorrent (BTT) completes initial investment in WOO network

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BitTorrent announced on November 9, 2021 that it has completed its first investment in the WOO Network as part of its $30 million Series A round.

BitTorrent (BTT), one of the decentralized P2P networks ranked 48th in the coinmarketcap, plans to use WOO to establish a new R&D regional office in Warsaw and accelerate global development.

Of course, BitTorrent will allocate a serious budget to develop products such as income generating products, social trading, DeFi trading.

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, IOHK

Cardano launches AGIX ERC20 converter testnet

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In the announcement made on December 7, it was reported that the AGIX ERC20 converter now launches in testnet mode. ERC20 tokens can be converted to the new format and transferred to EMURGO’s Yoroi or Input Output’s Daedalus.

Working initially with SingularityNET and their AGIX token, Cardano shared how it would support ERC20 token migration from Ethereum. Today AGIX announced that its ERC20 converter testnet is live and ready for community evaluation.

SingularityNET is the first partner to this initiative. Transformer is an important step in our shared journey towards a much deeper collaboration with the SingularityNET community.

For detailed information on exactly how the AGIX ERC20 converter tool works, go here.

source: iohk.io

CARDANO NEWS

Charles Hoskinson Cardano Founder Yotube AMA live stream Video

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Cardano founder Charles Hoskinson went live on YouTube on Monday to do the AMA. He answered the questions and shared his thoughts. During the AMA he also shared his thoughts on crypto and for Christmas.

When Charles Hoskinson is faced with hateful comments due to the ADA’s declines in recent months, he shared his thoughts on how everyone should get along and be more understanding. “All I want for Christmas is for everyone to start getting along in our industry. It’s extraordinary to me that when people are so close in philosophy and perspective, and in some cases in technology, they can be as far apart as humans. This is extraordinary,” he said.

Charles Hoskinson, in his statements, said that investors in the other financial space have not seen as much hate as the crypto industry. “You don’t see that in other industries,” he said. “You don’t see the amount of tribalism, hatred, and vitriol our industry has for each other, whether it’s in physics, biology, cell phone manufacturing, or whatever.”

You can watch the entire video, which lasts for 2 hours and 49 minutes, here.

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

Binance prepares to apply for FCA approval to enter the market in the UK

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Changpeng Zhao (Binance founder and CEO) announced that he is preparing to apply for approval from the FCA to offer its wide range of products in the UK. FCA said Binance was operating without permission in the UK and warned about it. It is seen that Binance has started to work on this issue.

Following the opening of the Financial Conduct Authority (FCA), Changpeng Zhao said in a statement that Binance has recruited “a number of ex-regulatory staff and several hundred compliance workers from the UK”. “We want to continue to have a presence in the UK and to serve UK users in a fully licensed and fully compliant manner,” he said.

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 dApp announces SundaeSwap testnet

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Cryptocurrencies, which fell in the global market, also negatively affected the ADA price. All Cardano (ADA) lovers now want prices to go up. Cardano offers a Decentralized app called SundaeSwap. The lack of decentralized application in the Cardano network was very negative for Cardano.

Cardano is now launching the SundaeSwap testnet application and will launch decentralized application on its own network as allowed by the Alonzo update, which we think will be positive for Cardano thanks to the decentralized applications in this network. Many analysts said that the biggest reason why the expected rise did not come after the Alonzo update was the lack of dApps (Decentralized Applications). Now that Cardano has dApps (Decentralized Applications), we all expect Cardano to grow stronger.

After the Cardano Alonzo update, many dApp (Decentralized Applications) projects have said that they intend to develop Cardano. Some of them are Charli3, Adax, Liqwid and SundaeSwap. We hope that maybe dApp (Decentralized Applications) projects will accelerate the mobilization of ADA.

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

Sapphiren RDNA 2-based mining cards GPRO X080 and GPRO X060 models

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It turned out that Sapphiren company produces special RDNA 2 based mining cards GPRO X080 and GPRO X060 models for mining. We know that the graphics card industry has been affected by the chip crisis in the world. For this reason, there was an increase in the price of graphics cards.

The Sapphiren RDNA 2-based GPRO X080 and GPRO X060 cards are mining specific, thus slightly increasing mining earnings. With Sapphiren GPRO X080 Navi 22 chip, it shows 165W TDP/38.05 MH/s excavation value by default. Sapphiren GPRO X080 can also be set to 93W to 41.6 MH/s. It also has 2,304 stream processors, a maximum clock speed of 2,132 MHz, 10GB of GDDR6 memory and a 160-bit memory bus.

On the other hand, Sapphiren GPRO X060 model, Navi 23 XL chip, offers 100W TDP/28 MH/s excavation power by default. It can be adjusted to 60W as 30 MH/s. Coming with 1,792 stream processors, a maximum clock speed of 2,044 MHz and 8GB of GDDR6 memory, the mining card offers a 128-bit memory bus.

We think that the price and in which countries it will go on sale will be announced soon.

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

MBOX (MOBOX) price rises, backed by Binance

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The MBOX (MOBOX) project, which has been operating an NFT-based gaming platform on the Binance network for a long time, has been the rising star of this week. MBOX (MOBOX) has now launched an NFT campaign.

What is MBOX (MOBOX) : NFT-based gaming platform on the Binance network. It entered the Bianance stock market in recent months. MBOX (MOBOX), which is also supported by Binance, normally offered services on its own domain, but this support was later integrated into the Binance application.

In addition, Binance has launched an Airdrop that will conclude next week and will distribute 5000 NFT characters to those who open a MBOX account. But due to the intensity, there is difficulty in accessing the MBOX campaign in the Binance application.

MBOX’s previous price was around $4. It started to rise with Binance support and campaign. It was 8$ as a province, then it increased to 15$. Currently, its price is around $10.2 The current market cap has grown to $1.2 billion, and 24-hour volume has also surpassed $3 billion.

POLITICS

Indian Finance Minister made a statement on Cryptocurrencies

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Indian Finance Minister Nirmala Sitharaman said in a statement on cryptocurrencies that “The government of India is watching crypto ads closely but is currently not weighing the ban on crypto ads, and the crypto bill that should be submitted during the government’s current parliamentary session is based on input from the 2019 bill and other recommendations.”

The Indian government continues to work on cryptocurrencies. Finance Minister Sitharaman tried to clear some of the confusion surrounding cryptos in India during the parliamentary question-and-answer session. But she didn’t say anything specific about whether they would be banned or regulated. She said the crypto bill is coming to parliament very soon, she said.

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

Coinbase acquires Unbound Security company

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Coinbase cryptocurrency exchange is preparing to acquire Israel-based crypto custody infrastructure company Unbound Security.

Coinbase said in a statement: “As this technology eliminates the need for offline storage, NFTs are critical to enabling DeFi and other Web3 applications.” Coinbase plans to integrate MPC technology into its retail and corporate products over time.

Brief about Unbound Security: Unbound Security has raised at least $40 million in external financing to date and has over 70 employees.

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 ADA active addresses increased by 200 percent

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The number of active addresses on the Cardano (ADA) network increased by 200% in November 2021. The number of correct active addresses this month was 485,000. The number of ADA active addresses has reached its peak. At the beginning of November, there were around 161,000 active addresses.

Cardano network token ADA successfully rolled out the Alonzo update this year. The price had increased significantly before the Alonzo update arrived, but the expected performance unfortunately did not. Despite the decrease in ADA price, the increase in the number of active addresses shows the confidence in ADA.

Although the ADA price has dropped, Cardano’s future looks pretty bright. Developments regarding DeFi in Cardano continue unabated. Ardadex is the first DEX and NFT marketplace in Cardano, and a new stablecoin is released on the COTI network. The new loan protocol ADALend is expected to be an important part of the ecosystem.

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.