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Here’s The Most Recent Cardano ADA News

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The Cardano ADA project has been making major strides amidst the crypto market turmoil that we have been experienced in the last few weeks. Many of the updates have been made public via Twitter, medium, and Reddit, but it is worth reminding ourselves why we love the project. Therefore, let us look into the recent Cardano ADA news.

Numerous Meetups Around the Globe

The Cardano Global community is constantly growing with a lot of meetups being organized across the world. Below is a list of future meetups. Local Cardano community members are encouraged to attend.

    • Meetup in Mongolia with Charles Hoskinson – 15th September 2018
    • Meetup in Colombia – 26th September 2018
    • Meetup in Palo Alto – 26th September 2018

Cardano ADA news featured on Forbes

The Cardano project was featured on Forbes in a post that was published on the 7th of September. In the article by Yoav Vilner, he described Cardano as one of the best-known blockchain projects due to its research-based approach. He also added that the IOHK team differentiates itself by employing a first principles approach that is driven by peer-reviewed academic research to build the platform from the ground up.

September Technical Updates

The Cardano team released the latest version of the Daedalus Wallet that is now available on the Cardano website. The new wallet fixed a lot of networking issues as well as making the loading of the blockchain much faster and from scratch. Daedalus is currently the only wallet that supports ADA.

The project is currently in the Byron phase and the team is making back-end improvements to the code as well as improving the Daedalus wallet. After the Byron phase is complete, the much awaited Shelley phase will commence which is the decentralization of the network.

Existing smart contract models on the Cardano network are still being worked on by IOHK. The team has increased the allocation of resources to enable its team to embark on parallel tracks of research on the smart contracts in terms of fixing the issues seen in Ethereum smart contracts, as well as improving the general foundational design of the contracts.

A voting system is going to be implemented where the community decides on Cardano Improvement Proposals (CIPs). Details of the voting system will be released soon. The prospects of the community voting on project improvements is a sign that the platform is going to be purely decentralized.

Brief Market Analysis

The crypto markets have once again shown us that they are capable of bouncing back after a massive decline that left many of our cryptocurrency portfolios declining by at least 20%. Checking the charts, the King of Crypto, also known as Bitcoin (BTC) has once again risen to levels above $6,500 and at the moment of writing this. Further looking at Ethereum (ETH), the digital asset had scared many of us when it looked like it was losing its mojo when it had depreciated to new lows of $171. ETH is now valued at $207 and up 20.40% in the last 24 hours.

Further going down the list of the top 20 digital assets, we find Cardano (ADA) ranked 10th according to market capitalization. The digital asset is currently up 10.67% in the last 24 hours and is currently trading at $0.070. One can attribute the massive bounce of ADA in the markets as being due to the recent listing on Bittrex.

With the Cardano roadmap constantly evolving and with the prospects of the community voting system, the Cardano project is setting itself up for a bright future in terms of technical advancements and complete decentralization. These two factors will be crucial in propping the price of the digital asset of ADA to new heights.

Check out the new Global Coin Report YouTube channel as we address all the highlights in crypto and the financial markets. With guests from all over the cryptosphere bringing you news, editorial, and of course, money making opportunities.

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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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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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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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