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Cardano ADA News: Chairman Pressured via Twitter

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It’s only natural for the crypto investors to want to see their chosen coin’s growth, expansion, and progress, in general. The same goes for Cardano (ADA) community, which is among the strongest and most vocal ones. The community is keeping a close eye on the coin’s progress, eagerly expecting any and all Cardano (ADA) news that would bring something new.

According to the coin’s roadmap, it still continues steadily on its course. The developers are working on creating a secure, decentralized network, developing a Quantum-resistant signature tech, and, of course, are working on the Daedalus wallet.

Despite all of this, the community is still getting impatient in their desire to see the progress of their favorite coin. Because of it, they recently put a lot of pressure on the Cardano’s chairman.

Cardano Chairmen under fire

Only yesterday, Cardano ADA news about the Foundation’s chairman, Michael Parsons, being under fire on Twitter spread all over the internet. The coin’s fans were not shy of criticizing Parsons, claiming that his commitment to the project is low. According to them, this is the reason why the coin’s development has been so slow recently, and why Cardano’s ecosystem has failed to grow as much as it could.

Some even asked for Parson’s resignation, believing that others would be able to do more for the coin’s growth.

Additionally, the upcoming London meetup was recently canceled without sufficient explanation. It would seem that many in the Cardano community were looking forward to it, and were even planning on attending it. Because of this, Parsons also received numerous questions regarding the event’s cancelation.

Clearly, the community is not satisfied with where Cardano is going at the moment, or at least, with the speed at which it’s traveling towards that destination. However, some also started to wonder whether Parsons’ role in the progress of the blockchain is actually as significant as many believe.

How much can Parsons actually influence the project?

Despite what many in the crypto community believe, the chairman’s role in the project’s growth is actually pretty important. Especially when considering the mission of the Cardano Foundation. Parsons is not only an important influence on the project’s overall growth, but his role is especially important in the short-term development.

Cardano’s goal at the moment is to expand its community, as well as its ecosystem. Because of this, many believe that it is Parsons’ responsibility to represent the project and increase its exposure. That way, more investors would join the Cardano community, and the coin would become that much stronger.

We can see just how much a good representative of the coin can make a difference when we take a look at TRON’s (TRX) Justin Sun. Sun is famous for being the most vocal crypto representative on Twitter, and because of that, it is among the best-known individuals in the entire crypto world. Following his efforts, TRON has managed to create just as vocal community, which is probably the strongest and most supportive community in the space.

Considering Parsons’ modest approach to spreading awareness about Cardano, it is understandable why the community is not satisfied with his efforts. Still, Cardano has always been known for taking its time and paying more attention to detail and quality. Because of that, and its very capable team, the coin continues to meet all of its milestones, and thus continue to grow at its own pace. Even so, the argument could be made that a more efficient method of spreading the awareness would be good for Cardano.

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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.

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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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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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