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Hoskinson Live on Twitter: Cardano (ADA) Update 1.2 to be Released Next Week




Cardano makes up for a rather promising platform, specifically designed to represent a scalable environment for operating with smart contracts. With over 5 billion dollars in its market cap and is the 8th-best currency in accordance with the global coin ranking list, Cardano has temporarily lost the spotlight cast by the announcement of the Cardano Update of version 1.2 as announced back in March, which was already two months ago.

The release was supposed to happen somewhere in April, specifically around mid-April, as Hoskinson previously stated. Since the update was never released to the public as planned, ADA’s CEO decided to live-stream his announcement on the latest updates of the mentioned ADA version, alongside with talking about Cardano CL test net.

Twitter on Fire: Hoskinson Confirms the Release of Cardano Update 1.2

On May 24th, after he returned from a brief time out from a short fishing trip as mentioned at the beginning of his live announcement on Twitter, Cardano’s CEO, Charles Hoskinson talked about the latest concerns of the ADA community, answering the question about the update that was previously announced to be released to the public in mid-April.

After stating back in March that the team behind ADA is working progressively to get the updates ready for the release, there were no further notes on the team’s progress, so the community was basically left wondering when the long-expected Update 1.2 will happen if not in mid-April.

To remove the unpleasant expectation present among the community, Hoskinson decided to address ADA followers so he went on appearing live on Twitter while seated in Orlando, US.

During this occasion, Hoskinson said that the Cardano update didn’t occur on time due to the unexpected factors that made the team stick to working on the updates longer than expected.

He further added that the public should know that the process of making updates to the network is a long pipeline that takes some time to get properly done due to the fact that there are lots of things that need to be automated in the mentioned process.

He also claims that every time the team is working on new improvements, they are always looking for a way to make the network better during the process and prior to the release of new updates.

All updates should be checked and double-checked, especially for bugs, and so the ADA team did encounter a portion of flaws in the system that required their attention, thus requiring more time.

Hoskinson also said that the team has already finished the implementations regarding the improved security of the network, as well as that they have finished improving the general performance of the network, so the network would be able to support the new updates.

Kubik and Allied Firms: Testing Cardano Updates

Hoskinson added further in his live statement that his team has decided to partner up with Allied Firms and Kubik in order to finalize all preparations of the network before the initial release of the updates.

Allied firms and Kubik are actually testing firms that are working on performing several tests that are due to find and fix all flaws in the network, that way preparing the ADA ecosystem to support a great number of visitors alongside with acquiring the ability to support multiple simultaneous operations on the network.

After the two testing firms are finished with performing regression, smoke and feature testing, the update of the new version of Cardano, 1.2, should be released.

As the long expected detail in this story that Hoskinson told about Cardano and their plans for the future as well as about the newest version of Cardano, ADA’s CEO claims that the new updates are to be released during the next week.

The announcement was made on Thursday, May 24th, so it is expected to see the release operating live the next Thursday on the last day of May and the beginning of June.

The Future of Cardano

Besides from updating the public on the soon-to-be-released Cardano 1.2 version, Hoskinson also went on with mentioning a couple of details regarding Cardano’s future.

He talked about the team working on Ouroboros Hydra, RENA and Cardano Treasury, mentioning that the team will have more details on the mentioned projects at the beginning of summer and fall.

Moreover, he mentioned that the team is more focused on the development of Cardano and the progress that their platform could achieve with features and protocols, while the price of ADA in the market is not among their top concerns.

However, ADA is still worth over 5 billion dollars while trading among the top players in the crypto community.

How is Cardano doing at the Current Moment?

After a single day of taking a short break from trading in the red, we can again see the majority of the top currencies trading in the red with Ethereum as a rare exception in the market today.

Cardano is following up with the latest trend in the market so we can see it going down against the dollar by -2.52%.

After the most recent change in its price, ADA can now be traded around the value of 0.20$ per one unit.

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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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Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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My Crypto Heroes Announces Issuance of MCH Governance Token



Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

During December 2020 the first governance…

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