Cardano’s founder Charles Hoskinson has told Elon Musk that he’s willing to help him build a decentralized version of Twitter. @elonmusk Elon if Twitter rejects your offer, then hit me up. Happy to build a decentralized one — Charles Hoskinson (@IOHK_Charles) April 14, 2022 This is coming after Musk submitted a $43 billion offer to…
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…
Press Release: Paribus is launching a DeFi-based borrowing platform, allowing users to borrow against their digital assets in a revolutionary way. Allowing previously stagnant assets like NFTs to be used as collateral for loans. March 14th, 2022, Miami, USA – Paribus is taking DeFi to the next level with the help of Cardano. Cardano’s interoperability…
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…
Yesterday, the Cardano blockchain experienced a significant surge in its daily transaction volume that pushed it above that of the second-largest blockchain, Ethereum. Transacting on Cardano blockchain is cheaper than Ethereum Data from Messari shows that Cardano’s daily transaction volume beat that of Ethereum by nearly $2 billion. According to the data, Cardano registered more…
Towards the end of last year, the total value of assets locked in decentralized finance plunged to around $230 billion. However, since that low, the space has seen a steady rise of up to 12% in its TVL, with the first four days of this new year accounting for 4% of the rise — an…
There is no denying the fact that the crypto industry is currently bleeding as the market cap of the industry which recently touched a high of over $3 trillion is now barely above the $2 trillion mark. This has had a ripple effect on the market and addresses holding a number of certain digital assets…
Cardano’s silent rivalry with Ethereum seems to be gaining traction as the on-chain transaction volume seen on its blockchain almost doubles that of the network of the second largest crypto asset by market cap. Cardano’s on-chain transaction volume behind only that of BTC According to data from Messari, a leading crypto forensic platform, Cardano’s on-chain…
After rallying to an all-time high of over $68,000 on November 10, the market cap of Bitcoin and the entire crypto industry rose to over $3 trillion too, marking a new ground for the nascent industry. However, within the space of 24 hours, all of those gains appear to have been eroded as the leading…
Crypto adoption and growth has continued at pace in 2021 as the amount institutional investors have invested in the industry this year is already 30% higher than the amount they invested in the whole of 2020. This was revealed by a report released by popular digital asset manager CoinShares. Bitcoin remains number one The Coinshare’s…