Tag: Cardano (ADA)

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Crypto News

Stellar (XLM), Cardano (ADA), And OmiseGO (OMG) Skyrocketed Thanks To Good News

The cryptocurrencies market showed yesterday a general increase that has led to different altcoins such as Stellar (XLM), Cardano (ADA), and OmiseGO (OMG), to score significant gains. The total crypto market reached a value of more than $296 billion on Wednesday, according to CoinMarketCap.

In order to know the causes that are generating this behavior, two types of factors come into play. The first is the global aspects of the ecosystem itself, which include the good times the market is experiencing and the momentum it has taken over the past few days. The second relates to each particular crypto and the announcements that have been made over the past week that have had a positive impact.

Stellar (XLM) is Sharia-approved

Stellar (XLM), the sixth most valuable currency by market capitalization received a certification on Tuesday to use DLT technology in Islamic financial institutions. The trading volumes in the hours following the announcement were over $200 million, which led to a rise of 27% in XLM price. However, at the time of this writing, Stellar (XLM) trades at $0.30, scoring a 1.56% increase in the last 24 hours.

Cardano (ADA) might get on Coinbase

The market’s momentum also boosted Cardano (ADA), which experienced a 13% jump on Wednesday, although it already shows a slight correction, and is now trading at $0.18 increasing by about 2.1% in the last 24 hours.

The increase, which is still going on, could be due to Coinbase’s announcement that it is considering adding Cardano (ADA) to its platform, along with Zcash (ZEC), Stellar (XLM), Basic Attention Token (BAT), and 0x (ZRX).

OmiseGO (OMG) teamed up with McDonald’s in Thailand

In the case of OmiseGO, which rose 5% yesterday, the cause of its rise could be the announcement made by the CEO of McDonald’s in Thailand, Hester Chew, who talked about the successful conclusion of the partnership with the OmiseGO platform. The performance of this currency has been very uneven over the last day and is currently showing a slight correction.

As you may recall, McDonald’s subsidiary in Thailand reached an agreement last September establishing the use of the cryptocurrency payment service provided by OmiseGO.

OMG is now trading at $8.04, dropping by about 1% in the last 24 hours.

In short, yesterday, only good news surrounded a few of the most appreciated altcoins in the cryptocurrency market, including Stellar (XLM) and Cardano (ADA).

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Crypto News

Cardano (ADA) Blockchain Is Spreading In Africa And Asia

IOHK, a blockchain company that runs the Cardano (ADA) blockchain, is taking its general ledger distribution platform to a number of Asian and African countries. In May 2018, IOHK concluded a MoU (memorandum of understanding) with the Ethiopian Government to take its agricultural activities on the blockchain.

Cardano doing business in Africa and further

It is possible that the supply chain of Ethiopian coffee will use the Cardano blockchain shortly. IOHK will support the Ethiopian Government in hiring and coaching young software developers to master Cardano’s blockchain systems and deploy them into the country’s coffee supply chain.

The first series is scheduled to graduate in September 2018, and we’re talking about 30 fully-trained developers. The leading devs will be contracted by IOHK to develop the agricultural blockchain system solutions and provide support for Cardano’s code base.

We come not with solutions, but with a commitment to find them. Seeing the ideas that emerged from the dialogue between the IOHK and the ministry, we validated our launch in Ethiopia and our belief in a productive and mutually beneficial relationship. This belief is enshrined in the MoU that Charles signed with the Minister of Science and Technology, Dr. Getahun.

John O’Connor, Cardano (ADA) Director of Africa Operations

Cardano (ADA) spreading in Asia

The IOHK plans, as well, to deploy the Cardano blockchain to monitor beef supply chain in Cambodia and Vietnam.

One of the many Cardano development firm, Emurg Hong Kong, is keen to issue digital university certificates through the Cardano (ADA) blockchain. The new technology may reduce counterfeiting and forgery, while at the same time improve the system’s transparency and permit fast information verification on the blockchain.

The adoption of Cardano blockchain creates a single global market that allows anyone to trade on a global scale, which is revolutionary. The blockchain platform can solve many problems and make the world a better place.

Charles Hoskinson, Cardano (ADA) founder and IOHK CEO

Charles Hoskinson also said that using blockchain technologies could reduce smuggling, and he gave the example of China which bans Japanese imports but buys the Japanese Wagyu beef from Cambodia which, in turn, imports it from Japan.

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Crypto News

Cardano (ADA) And Google Are Discussing A Possible Partnership

Charles Hoskinson, Cardano (ADA) founder, is unstoppable lately. After advising Justin Sun, the TRON (TRX) founder, to use Cardano’s mantis client instead of Ethereum’s Javascript, now, Hoskinson went to talk with Google for a possible partnership between Cardano (ADA) and Google.

As a matter of fact, Google asked Charles Hoskinson to come to a meeting where the two enterprises, Google and Cardano, discussed the potential of applying new technologies that would benefit both companies in equal measure.

Charles Hoskinson was invited to talk about Cardano and the future of cryptocurrencies at Google’s London Headquarters last month.

Cardano Community

According to Hoskinson, more details about the topics debated during the meeting will roll out soon, but, in the meantime, the founder of Cardano (ADA) offered some clues, saying that he talked about the functionality of the ADA cryptocurrency, the features of the Cardano blockchain, and the superiority of the Ouroboros algorithm behind the Cardano project.

Cardano (ADA) and Google are discussing a possible partnership

The meeting was the perfect environment for cryptocurrency and FinTech enthusiasts to listen to Charles Hoskinson debating Cardano (ADA) and its future in the cryptocurrencies market. Many questions were asked during the meeting, but one, in particular, demanded an answer on how is Cardano (ADA) planning to overcome Ethereum. Charles Hoskinson said:

How many Java, C++ or Go developers are writing code on Ethereum? You can’t, Ethereum doesn’t support any of these languages. They can’t even run a single viral app on the platform (…) With Cardano, first off, we’re backward-compatible, 100%, we’re running an EVM.

Charles Hoskinson

Cardano (ADA) is currently the 8th in the cryptocurrencies market, scoring a market cap of about $4 billion. At the moment of this writing, ADA trades at $0.15, rising by about 8% in the last 24 hours.

The meeting between Charles Hoskinson and Google’s representatives was meant to give a signal that both Cardano (ADA) and Google are discussing a possible partnership that would benefit both companies equally.

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Crypto

Traxia (TMT), The First Running Cardano (ADA) Smart Contracts Technology, Listed On KuKoin

KuKoin, the most popular and appreciated cryptocurrency exchange platform based in Hong Kong, listed Traxia (TMT) which is the first cryptocurrency to implement the new Cardano (ADA) smart contracts technology. TMT will trade on KuKoin against the Bitcoin (BTC) and Ethereum (ETH) trading pairs.

The new cryptocurrency rolled out on June 6th after ending a very successful ICO during which it raised over $15,1 million.

The announcement of this addition, significantly surged the TMT price against the USD, rocketing to $0.044, after growing up by about 25%, right after KuKoin listed the crypto coin. However, the craze after the announcement stopped slightly and the support reduced. At the moment of this writing, Traxia (TMT) is trading at $0.040, recording a growth of only 16% in the last 24 hours. Therefore, TMT dropped about 9% since the KuKoin announcement.

What is Traxia (TMT)?

Traxia (TMT) admits that it is a “decentralized global trade finance ecosystem” which targets the development of an open and decentralized marketplace for both enterprises and individuals for exchanging invoices.

As said above, TMT is a new entry in the cryptocurrencies market but promises to be strong crypto, eventually. At this moment, we don’t know many details regarding this one, except that it has a total supply of 1 billion TMT and its last 24 hours trading volumes slightly exceed $1,8 million.

Traxia (TMT) is the first cryptocurrency network to work on Cardano (ADA) smart contracts technology

The Traxia invoices trading platform will be operated by the new Cardano (ADA) smart contracts technology which will handle each operation and transaction occurring within the Traxia (TMT) marketplace.

However, at this moment, this trading platform doesn’t use crypto coins in its design but, as they recently announced, Traxia (TMT) marketplace will ultimately integrate with Cardano (ADA) network by the end of the year.

Even though is an eight days old coin, its future sounds bright, so it wouldn’t hurt to keep an eye on this one, especially since KuKoin listed Traxia (TMT).

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Crypto

Cardano (ADA) Ouroboros May Be Better Than Both EOS (EOS) and TRON (TRX)

Cardano (ADA) is a smart contracts platform established by Charles Hoskinson, CEO of IOHK. It is on the eighth position among the largest cryptocurrencies regarding market capitalization, higher than TRON (TRX) but lower than EOS (EOS). Smart contracts platforms are now available, although not most of them can endorse what they assert. But Cardano (ADA) appears to be among the exceptions. This smart cryptocurrency trading platform is safer, more resilient, and also more scalable. Its management is even more equitable and accountable.

When blockchain technology was introduced into the smart contracts business, a significant challenge was the transparency and equity of these systems. The primary intent of cryptocurrencies is to suppress centralized control and permit a decentralized economic system. Sadly, that’s not exactly what some of the smart contract platforms like Ethereum (ETH) and EOS (EOS) are currently implementing.

This is why Cardano (ADA) Ouroboros may be better than both EOS (EOS) and TRON (TRX)

A finite group of miners is in control of the platform’s future, as the voting power is profoundly focused on a limited number of people. This might be a potential issue with the work test (WTP), mainly if sufficient measures are not in place to secure the majority’s best interests. A number of these ventures have sought to explore the participation test (PfP) but have so far been unsuccessful. Thankfully, Cardano (ADA) has fixed this issue with its Ouroboros algorithm.

Cardano (ADA) Ouroboros algorithms oversee how any and all nodes reach consensus and guarantee that rights to vote are equitably distributed to secure a decentralized and democratic economic system. This is another fact that distinguishes Cardano (ADA) from its rivals including EOS (EOS) and TRON (TRX), because Cardano (ADA) has a practical answer to the voting transparency issue, whereas the other platforms do not.

Cardano (ADA) is renowned for its belligerent movements both against Bitcoin (BTC) and the US dollar (USD) and is now trading at $0.167, while against BTC ADA has increased by over 6%.

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