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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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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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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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Altcoins

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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