Cardano reveals the extent of progress on its plans to digitally connect Zanzibar

Cardano developers IOHK, in conjunction with World Mobile, have released a video documenting progress on their plans to connect the Tanzanian archipelago of Zanzibar. News of a partnership with the Tanzanian government first broke in late April during the Cardano Africa Special. Since then, as evidenced by the video, great strides have been made in…

Cardano founder sets the record straight over talk of an ADA burn

Speaking over the weekend in a surprise AMA from Ethiopia, Cardano founder Charles Hoskinson called a viewer “another idiot” following his question about plans to burn ADA. Recently, rumors of an ADA burn have been building. But as explained by Hoskinson, token burning is a fruitless exercise that won’t achieve what burn proponents expect. [embedded…

Cardano (ADA) Catalyst Fund6 votes are in, which projects made it?

Daniel Ribar, who works in a community and communications capacity at Cardano Project Catalyst, has released the results of the Fund6 vote. He took the opportunity to state that Catalyst exemplifies transparency in governance protocols. GM #Cardano ☕️🍪 What’s happening in your world? I got some goodies for all the data/visual wizards out there! 🏓…

Cardano (ADA) is on track with its “digital transformation” of Ethiopia

This month, the IOHK team, headed by Charles Hoskinson, has been in Africa meeting entrepreneurs and politicians in a bid to further the Cardano cause. In doing so, Hoskinson and the team “dropped by” Ethiopia’s Ministry of Education for a follow-up on the student credential system first mentioned in August. “Dropped by the MOE today…

Luxury homes in Portugal worth $4.7 million paid for in Cardano (ADA)

High-end real estate developer Prometheus International sold two luxury properties on the island of Madeira for Cardano totaling €4.1 million ($4.7 million). Madeira is an autonomous region of Portugal comprising four islands about 430 miles off the northwest coast of Africa. It is known for its mild climate and exotic vegetation, making it a tourist…

Is a Cardano-Ethereum bridge likely to stoke their rivalry even further?

Bondly Finance has announced the rollout of a cross-chain bridge to connect the Cardano and Ethereum blockchains. What’s more, the firm estimates the bridge will be ready by early 2022. Blockchain bridges are a solution to link previously siloed chains. By enabling different blockchains to work together, developers can build on each other’s protocols and…

Cardano (ADA) Foundation CEO says being late to the smart contract party is an advantage

Frederik Gregaard dismissed any notion that Cardano (ADA) is on the back foot, having released smart contracts just five weeks ago. The Cardano Foundation CEO added that, rather than being handicapped, he thinks this puts the project in a much stronger position because the foundational groundwork to get to this point ensures longevity. Let’s explore…

Here’s why Cardano (ADA) average transaction fees are up 1,500% in the past year

Data from Messari shows, over a year, average transaction fees on the Cardano network have increased from $0.03 to $0.47 – this represents a 1,466% increase. Source: messari.io Transaction fees are calculated in ADA at a mainly fixed or constant rate. Therefore, it’s expected that as the price of ADA increases, so do the transaction…

Analysts turn bullish on ADA as gold-backed stablecoins come to Cardano

During a crypto summit held by British financial newspaper City A.M., decentralized finance (DeFi) liquidity protocol MELD has announced a three-way partnership with Tingo Holdings, Nigeria’s largest mobile network, and Ubuntu Tribe, an ethical crypto company that tokenises natural resources. As a part of the new partnership, the Cardano-based DeFi protocol, which enables users to…