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

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Cardano
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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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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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coins
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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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