Behind the rise, fall, and rise of the TVL on Cardano (ADA)

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Cardano (ADA) has been fighting a vicious battle trying to secure its place in the DeFi market in the past few months. Since the coveted Alonzo Hard Fork upgrade in September 2021, the development efforts at IOHK, EMURGO, and the Cardano…

Regulatory concerns taking a toll: Bitcoin, Ethereum investment funds record $120 million in outflows 

After seven consecutive weeks of inflows, crypto investment products recorded significant outflows last week, according to the latest report by institutional crypto fund manager CoinShares. The report which analyzes weekly flows into cryptocurrency funds suggests regulatory concerns and geopolitical turmoil have diminished investor interest in both the Americas and Europe. $80 million of the outflows…

Acta Finance Enters The Avalanche Ecosystem After Successfully Rebranding From ADA Finance

Press Release: DeFi ecosystem, ADA Finance, has rebranded to Acta Finance, launching a new native token $ACTA, as well as developing its own AMM, ActaFi Swap. March 14th, 2022, Mahe Victoria, Seychelles – ADA Finance, a pioneering decentralized finance (DeFi) ecosystem which will operate on Avalanche initially, has successfully completed a rebrand, changing its name…

Ethereum investment funds record largest inflows in 13 weeks

Crypto investment products attracted large inflows in the Americas last week, versus minor outflows recorded in Europe, according to the latest report by institutional crypto fund manager CoinShares. The report which analyzes weekly flows into cryptocurrency funds suggests enduring investor interest despite the geopolitical unrest which spurred a sell-off in risk assets.  Bitcoin attracts $95…

European crypto investment products recorded outflows totalling $59 million last week

Despite the raging conflict in Eastern Europe, crypto investment products saw inflows totaling $36 million in the week ending February 28, according to the latest report by institutional crypto fund manager CoinShares. However, the report which analyzes weekly flows into crypto asset funds observed regional variances–while the Americas saw inflows, European investment products recorded outflows….

Cardano’s scaling solution based on ZK Rolloups unveiled 

The official blog post by the team behind Cardano’s first ZK Rollup dubbed ‘Orbis’ revealed how the solution will allow the network to tackle those scaling problems Hydra won’t be able to solve. ZK Rollups leverage computation and verification of transactions to be performed on a specialized off-chain network. The revealed Layer 2 solution is…

Ethereum co-founder Vitalik Buterin condemns Putin for Ukraine invasion

Russia’s invasion of Ukraine has officially begun, as President Vladimir Putin announced that he is launching a “special military operation” in the country. Putin’s move was followed by reports of explosions in multiple major Ukrainian cities, including the country’s capital, Kyiv. Ethereum co-founder Vitalik Buterin, once again voiced his distress about the conflict, calling out…

Who’s the most active crypto trader in the US Congress?

According to a recent CNBC analysis, eight of the highest-ranked politicians in the US or their immediate family have traded crypto over the past year–with bets spanning from $1,000 to $100,000.  Altogether seven Republicans disclosed buying or selling crypto, including Senator Pat Toomey of Pennsylvania. Meanwhile, only one Democrat reported a trade–Representative Marie Newman of…

Cardano blockchain surpasses 30 million transactions milestone

The number of smart contracts running on the Cardano blockchain has been growing rapidly since the launch of the Alonzo hard fork in September 2021, which for the first time enabled the network to process smart contract code. The number of smart contracts on Cardano reached 1,000 at the end of January, and the number…