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How Cardano plans to dominate global industries with Blockchain technology

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Cardano
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It has only been a couple of months since the launch of Cardano yet this distributed computing platform has a lot more to show in terms of platform developments, partnerships, and leadership than most of the top coins. Granted, the heavy hitters on CoinMarketCap boast of high trading volume with almost double the market capitalization that Cardano’s ADA possesses. However, Cardano’s future looks way brighter considering the moves that IOHK is making to advance the project.

What you should know about Cardano

To the uninitiated, Cardano’s development is backed by a total of three organizations. The Cardano foundation which is an independent Switzerland based organization built to support the Cardano community, while streamlining regulatory and commercial issues. The next organization is IOHK. This is a research and development entity that specifically focuses on cryptocurrencies and is currently under a contract to develop the Cardano Blockchain up until 2020. Additionally, Cardano is also supported by Emurgo. This here is a venture capitalist firm that supports entities built on top of Cardano’s Blockchain.

Cardano’s partnerships in Africa

After a signed MOU between the Ethiopian government and IOHK last month, it has become evident that the vision for Cardano, according to Charles Hoskinson (CEO at IOHK), is to “drive financial inclusion on the continent”.

Furthermore, the Cardano foundation recently posted on Twitter indicating that it believes in a vision for Blockchain in Africa. To this regard, IOHK is currently helping accelerate the adoption of Blockchain technology by training and hiring local programmers and software developers in a bid to develop Blockchain solutions for a variety of industries.

In Ethiopia alone, about 100 programmers have already been added to the program to assist Ethiopia’s ministry of science and technology to achieve long-term deployment of Blockchain technology in various industries including agriculture. The same program has been replicated in Barbados where about 70% of trained Haskell programmers will get a chance to work with IOHK and build the future of Cardano. IOHK has also ventured in Rwanda where Cardano’s Blockchain is being implemented towards the realization of a trustless and incorruptible land registry system built on Blockchain technology.

Testnets and the backing of quality leadership

IOHK has also been at work in the past few weeks, launching testnets such as the KEVM testnet that will establish a first of its kind smart contracts based on Ethereum’s Virtual Machine (EVM). In addition, IOHK is also building bridges with other cryptocurrencies such as ZenCash to build the next level privacy-centric cryptocurrencies.

With these and more developments, it’s easy to see that Cardano is one of the smartest projects in the crypto space. The project is backed by a large team of expert academics and doctorates, and it’s led by Hoskinson who is a competent Blockchain expert. Furthermore, the fact that Hoskinson was also a co-founder at Ethereum with Vitalik Buterin means he brings a lot of experience to the table. Who knows? Cardano might just outperform its peers eventually.

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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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Blogs

We know what the Institutions are saying, but what are they doing?

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institutions
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Many of us hear that institutions are buying tons of BTC, XRP, and other top 20 cryptocurrencies.  The thing is how much truth really is there to that when we cannot even see the market moving in any direction other than on a downtrend. Right now, many do not know this but there is the OTC or the over the counter exchanges that exist. These exchanges like OTC trading desks do the trades off the market hense over the counter. This means that it functions in the same way the black market functions as when you sell these items it is essentially off the books so to speak.

Why does all this matter? Have any of you seen this VIDEO with Tekka Tiwari. Here he explains what I love to say as listening with your eyes. He goes on to show how Wall Street legally manipulates the market, they throw out in the media and go into the limelight and bash the said stocks, or bitcoin. The result is that of them falling drastically as many panic sell the asset. While everyone is selling off tons of their assets when it gets close to the bottom, similar to where cryptocurrency is currently they buy it in droves. He explains how this is exactly what happened in the…

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Why Is Coinbase Stalling With XRP?

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Coinbase
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For a cryptocurrency project, getting their coin to Coinbase is one of their biggest goals. However, the popular exchange has become infamous over the years for only accepting a handful of top-ranking coins, while other ones were deemed unsafe for listing for various reasons. In the first half of 2018, however, Coinbase decided to distance itself from this old way of looking at things, and it has even announced that it will look into numerous altcoins, in order to locate and list the best among them.

Since then, the exchange has kept its word, and while it did not add dozens of new coins, they still did open up to a few projects, such as 0x and even Zcash.

However, for all this time, there was no mention of XRP, a cryptocurrency formerly known as Ripple, which is currently the second largest coin by market cap. Despite high demand, constant requests, and alike — Coinbase did not even consider adding XRP.

That is, until several days ago, when numerous reports of Coinbase considering another group of altcoins emerged. While the XRP community was very excited to see XRP listed as a candidate for a potential listing, many believe that it is still not going to happen.

Why Coinbase doesn’t want to add XRP?

As mentioned, the XRP community has been asking for the addition of XRP for…

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Why 2019 Will Be A Big Year For Crypto

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crypto
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As 2018 is getting close to its end, a lot of crypto investors are turning their gaze towards the future. Considering the crypto bearish trend that has dominated this entire year, not to mention two big market crashes, it is of no surprise that everyone is more than ready to leave these harsh events behind.

However, a few questions still remain unanswered — what to expect in 2019? Is the situation going to change, or will there be just more of the same? Is investing now, when the prices are low, a good idea? These are the issues on every investor’s mind right now.

What to expect in 2019 in terms of crypto value?

Understandably, after a year such as 2018, expectations of the future are quite high. The crypto scene is still in its infancy, as many analysts have stated numerous times. Add a few more issues, such as regulatory uncertainty, mistrust coming from institutional investors, and constant hacks, scams, and theft that have been a significant factor in this and previous years, and it’s no wonder that the market keeps crashing.

However, there is more to it than that. Due to high volatility and no real control over cryptocurrencies, a massive bull run of 2017 brought cryptos to heights that were not supposed to be reached that early. Because of that, some analysts claim that, what…

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