Cardano’s Vasil upgrade goes live on testnet

Cardano (ADA) finally deployed the Vasil upgrade on its testnet on June 3, Input Output Hong Kong (IOHK) announced. The upgrade sets the stage for features that will improve the blockchain’s performance and interoperability. The #Vasil upgrade – deployed yesterday on the Cardano Testnet- will implement a host of widely anticipated features to increase network performance…

Cardano commences long-awaited Vasil hard fork

Input-Output (IO), the company behind the Cardano blockchain, announced today it has submitted the long-awaited update proposal to hard fork the Cardano testnet. Changes from the Vasil hard fork are set to take effect on July 3. Vasil is finally coming to Cardano Set to bring speed and scaling improvements to the Cardano network, the…

Bitcoin sees record outflows as Ethereum bucks trend

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Crypto investment products witnessed the largest outflows in its history as $423 million was withdrawn from the space in the week of June 20, according to CoinShares’ weekly report. Most outflows happened on June 17 and are likely responsible for the…

Cardano launches EVM side chain alpha

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Input-Output Hong Kong (IOHK), the parent company for the Cardano blockchain, announced the launch of an Ethereum Virtual Machine (EVM) sidechain alpha on June 12 and added that the sidechain is currently available on the testnet. The launch means it will…

New stats show Cardano on the up despite ‘crypto winter’

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Cardano Foundation has released its monthly wrap-up of on-chain data showing that its on-chain transactions have increased by 7.74% to reach 42.5 million. 📊Monthly wrap-up of on-chain data 🚀#Cardano #blockchain #ProjectCatalyst pic.twitter.com/Z49EzDFSaL — Cardano Foundation (@CardanoStiftung) June 1, 2022 The comprehensive…

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…

Bitcoin, Ethereum lead outflows as crypto investments see red week

👋 Want to work with us? CryptoSlate is hiring for a handful of positions! Digital asset investment products saw outflows totaling $141 million in the week of May 16 due to the bearish stance of investors towards the market, according to CoinShares’ weekly report. Bitcoin led the pack as investments in the asset saw outflows…

Memes in red as Dogecoin and Shiba Inu shed over 80% of their ATH

Based on recent price performance, the crypto market is at its lowest ebb for the first time in a very long time. According to data on CryptoSlate, most meme coins have lost more than 80% of their ATH value in this current market downturn. Dogecoin and Shiba Inu lead meme coin losses Data from CryptoSlate…

Hoskinson says Cardano has decentralized treasury valued at $723M in ADA, pokes fun at Terra

Cardano founder Charles Hoskinson said that ADA’s $723 million treasury is decentralized. Hoskinson, who is also an Ethereum co-founder, said this in response to a tweet made by dcSpark founder Sebastian Guillemot about the Cardano treasury. And that’s only going to grow. Cardano has its own growth fund and its decentralized! https://t.co/uzTUaciMPE — Charles Hoskinson…

Cardano wallet addresses reach 3.6 million even as price drops

Cardano blockchain continues to see more adoption as the number of wallets holding its native token has reached 3.6 million, according to on-chain data aggregator, Messari. Per Messari, most of these wallets on the network hold around 100 ADA, with over 3,000 wallets holding at least 1 million tokens. This means that the network has…