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Cardano (ADA) price catches no fire despite significant recent strides

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Being in the top to cryptocurrencies list for quite some time now, Cardano (ADA) is one of the top crypto-coins today. Over a year ago, the blockchain project launched a development tool to ease the accessibility of ADA Dapps to its users.

The team behind Cardano has shown dexterity and hard work ever since the digital asset was introduced. Cardano is currently increasing the pace of its mass adoption as it is one of the favorite cryptocurrency today, and there are a number of good reasons behind that.

On Oct 1, IOHK (Input-Output Hong Kong) stated the release of RUST SDK. It has also launched Yoroi Wallet and Cryptocard before its MainNet goes live.

There are no doubts that these recent developments and projects by Cardano will mark a new beginning as these would increase the attraction of different FinTech companies towards the crypto around the world.

Cardano’s Rust SDK

Ever since the creation of Cardano (ADA), it is poised to foster the creation of Dapps. Cardano was created by IOHK which is owned by Charles Hoskinson, who is also the co-founder of Ethereum. It is important to know that Cardano also uses a peer-review system to help in the development of new projects on its platform.

Cardano’s Rust SDK is a production of Mozilla. It is also an open-source library that works well with Haskell to help Dapps developers create Dapps on Cardano’s platform. This project gives developers lots of exciting options to create Dapps well-suited for mobile devices. Dapps developers who make use of Rust SDK will have much flexibility and efficiency while creating Dapps as it also offers data analyzing and block querying.

Cardano’s Yoroi Wallet

Another recent project by Cardano is the creation of a light-weight wallet known as Yoroi Wallet. The Yoroi Wallet is a secure wallet that helps to secure ADA tokens. The wallet also comes with low bandwidth use; it also functions like a Chrome extension.

Cardano Enters the Cryptocurrency Debit Market by Launching Crypto-card

As part of its quest to remain a leading digital asset to reckon with, Cardano has decided to partner with Mataps to create prepaid crypto-cards for Cardano users to buy goods from stores in partnership with Cardano.

Thanks to the recent alliance, Cardano users can now have the opportunity to have plastic cards – just like ATM cards, to use their ADA tokens more easily.

Overall, these new strides by Cardano are superb developments, but more so, they haven’t affected the price of ADA positively in the market yet, since, at the time of publication, the price of ADA is still trading at $0.080 after seeing a decrease of 3.60% in the last 24 hours.

But the current dip might be because of market trends as almost all the top virtual coins are flirting with red at the moment. Indeed, only the time will tell how far Cardano goes, but the blockchain is undoubtedly making some good move lately. Way to go ADA.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of LaughingRaven/Pixabay

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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