Charles Hoskinson: Cardano Delays Due to Betting on Wrong Tech, Ambitious Roadmap
Charles Hoskinson, the co-founder of Ethereum and founder of Cardano, joined Cointelegraph’s Hashing It Out podcast to discuss the current state of crypto and take a deep dive into Cardano. Hoskinson explained the need to create Cardano despite the rebuilding of the network effect, which allowed for an unadulterated vision. He acknowledged the multichain nature of the industry and believes that to stand out among various blockchains, you need the right product-market fit, great user experience, and a “softer” onboarding process. Cardano has come under criticism for delayed updates and setbacks, which Hoskinson attributes to betting on the wrong technology and being ambitious with the roadmap. He also plans to expand Cardano's reach on the continent from East Africa to West Africa, with Ghana as a prime focus.
Dogecoin Flips Cardano To Become 7th Largest Crypto
According to recent stats from data aggregator Coimarketcap, Doge was able to beat Cardano to become 7th largest crypto in terms of market cap.
Cardano Gets Onchain Gaming Boost as Paima Layer 2 Goes Live
Paima Studios has released a feature for the Cardano blockchain that allows users to play on-chain games using ADA tokens without needing to bridge tokens to other networks. Paima is a layer 2 network that bundles transactions to a base blockchain for faster speeds and cheaper costs, and it also supports the migration of games built on other networks to Cardano. All games on the network are non-custodial, mitigating security risks. The release is the latest in a series of network improvements and features for the Cardano blockchain, which may ultimately add value to ADA tokens. Additionally, Milkomeda released a feature that will allow Cardano blockchain users to gain access to Ethereum Virtual Machine (EVM) smart contracts with any ADA wallet, enabling Ethereum application developers to build on Cardano's network using Solidity without the need to install new toolkits or learn a new computer language.
Biggest Movers: ADA Snaps Losing Streak as BCH Moves to 10-Day High
Cardano ended a two-day losing streak on Monday, as the token moved closer to a two-month high to start the week. Cryptocurrency markets were mostly lower in today’s session, with the global market cap down 0.36% as of writing. Bitcoin cash also climbed, hitting a ten-day high.
Cardano Whales Add 150M ADA, But 3.85B ADA Sell Wall Causing Resistance
Cardano whales have added $150 million worth of ADA to their holdings, but a significant sell wall of $3.85 billion is causing resistance for the cryptocurrency.
Cardano's Unique Staking Wallets Surpasses Ethereum, Founder Praises Network's Staking Protocol
Cardano has surpassed Ethereum in the number of unique staking wallets, with 1.23 million addresses staking on the Cardano Network compared to 88,400 on Ethereum.
ADA Jumps 14% Weekly, BTC Reclaims $28K After Enhanced Volatility
Bitcoin has bounced back above $28,000 after slipping below the level last week, with several crypto analysts pointing out potential bullish scenarios for the next few months. However, several altcoins, including Shiba Inu, Dogecoin, HBAR, and SOL, have retraced hard, with daily declines of up to 6.3%. Cardano is among the few exceptions with daily gains, up by 3.5% in the past 24 hours and more than 14% on a weekly scale. The total crypto market cap has remained stagnant and sits just under $1.2 trillion on CMC.
Cardano Foundation CEO Optimistic About Future of Blockchain in UK After Visit
He expressed optimism for the future of blockchain in the UK, suggesting that there is much to look forward to in the coming months and years.
Cardano’s Stunning Developer Adoption: 1,221 Projects Are Currently Building on the Platform
Input Output Global (IOG), responsible for Cardano’s research and development, has released its Cardano weekly development report for the week ending March 31, 2023.
$ADA: Cardano Foundation CEO on ‘Very Productive Trip to London’ and Meetings With British MPs
Cardano Foundation CEO Frederik Gregaard recently traveled to London, where he engaged with influential policymakers and stakeholders invested in the UK’s blockchain future.
Biggest Movers: Cardano Moves to 6-Week High, Climbing by Over 6% on Friday
Cardano moved to a six-week high on Friday, as consumer sentiment in the United States fell by more than expected. The University of Michigan’s monthly report fell to a reading of 62 in March, lower than the 63.2 sum markets were expecting. Chainlink also climbed, breaking out of a key resistance level.
Cardano Founder Reacts As Craig Wright Calls Him “a Scam”
Charles Hoskinson, the founder of Cardano, has reacted to Craig Wright's recent comments calling him a "scam." Wright, who has claimed to be the creator of Bitcoin, has been involved in a number of controversial incidents in the cryptocurrency industry, and has been accused of making false claims and engaging in fraudulent activities.
CoinLedger Launches Automatic Tax Reporting for Cardano
CoinLedger, a leading cryptocurrency and NFT tax provider, has launched an automatic tax reporting service for Cardano (ADA) investors. Users can add their wallet addresses to the platform to generate automatic tax reports for all Cardano-based transactions. The system automatically imports all transactions and calculates gains and losses to generate the relevant tax forms for users' countries. This is a major step toward helping ADA investors track their crypto taxes, as calculating cryptocurrency taxes can be a daunting task without automated solutions. CoinLedger has also launched a similar service for users who interact with the Solana blockchain.
Cointime News Wrapup-Afternoon Version: Australian ‘Big Four’ Bank ANZ Halts Cash Withdrawals from Many Branches
The move comes as Australians continue to reduce their usage of cash and bank branches, but has sparked fears that the death of cash is near.
Cardano Users Can Soon Access Ethereum dApps Directly From ADA Wallets
Cardano users will soon be able to access Ethereum Virtual Machine (EVM) contracts using any Cardano (ADA) wallet through an upcoming feature on Milkomeda. Milkomeda connects blockchains such as Cardano and Algorand to EVM contracts, expanding the network's utility for developers and users. The feature would allow Ethereum application developers to build on Cardano's network using Solidity without the need for installing new toolkits or learning a new language. Such applications can then be used solely with Cardano tokens instead of ether, increasing utility for holders. Milkomeda is also enabling staking rewards for all EVM users, including smart contract developers. (Coindesk)
Cardano Adds 49K+ Wallets In March, Resulting in 4 Million Wallet Milestone
Cardano (ADA) has welcomed over 49,000 wallet addresses since the start of March, as it recently reached the milestone of 4 million wallets. This impressive increase in the total number of wallets underscores the growing demand pumped into ADA.
Collateral Network (COLT) Continues To Pump In Presale Whilst ADA, UNI Shine Bright
Collateral Network (COLT), a new cryptocurrency project, continues to generate significant interest and investment in its presale, while other cryptocurrencies like Cardano (ADA) and Uniswap (UNI) have also seen significant growth and adoption.
Cardano’s Unstoppable Momentum: 118 Projects Launched, 1215 Building, and Over 63 Million Transactions Processed
Cardano, the groundbreaking blockchain platform developed by IO Global (IOG), has released its latest weekly development report, offering a glimpse into the ongoing advancements and enhancements in the project.
ADA Gets Huge Adoption Boost After Cardano’s Commercial Arm Strikes A Huge Partnership In Thailand
Cardano’s commercialization arm Emurgo has entered into a partnership with Bitkub exchange, the largest crypto exchange in Thailand, and its digital asset education hub, Bitkub Academy.
