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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.

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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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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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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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