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What has Cardano (ADA) been doing in the past few days?

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Cardano
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Daedalus, the highly secure wallet developed for ADA, plans to incorporate other cryptocurrencies and along with Cardano become blockchain application platform and an app store. The team of Cardano has already completed QA tasks for the upcoming launch of Daedalus 0.10.0 with Cardano 1.2.0.

Last week saw the “expansion of the Ada redemption feature with support for redeeming Ada with the certificates from the recovery service.” The Daedalus update makes way for the addition of two new tabs to the Ada redemption screen—“Recovery-regular” and “Recovery-force vended”. The process has been completed and the code is currently being reviewed. The team has already finalized the execution of test coverage enhancements of the React-Polymorph library.

Transport Layer Security (TLS) and Wallet Backend

Last week, other than conducting server side Transport Layer Security check, the team had sewn up all the strings of the story and again merged the branch with the latest developing branch. The code is currently being processed by the team and also needs to go through final checks. The team is also working on adding certain features and developing the new wallet. The weekly report (published 24th May 2018) of Cardano states that preliminary work has been done on choosing a feasible existent solution. Talks are also about the implementation of a tailored key-value storage for transaction metadata. But, at the moment it is not yet possible to merge the pull request due to certain Continuous Integration (CI) issues. Currently, the development team is working on it with the assistance of DevOps. At the same time, the developers are also working on the issues regarding submitting transactions to the network.

A part of the developing team has covered the unit tests, completed the upcoming UTxO specifications, and translated the “rollback invariants to Haskell”. The team has worked hand in hand with a specialist regarding the formalization of the Coq specifics. There have also been improvements on the wallet data migration front. Migration code has been written down and tests have also been conducted.

Another update for the Cardano network is that all the tests regarding API have been completed and 1.2 version is ready for release. Currently, the team is focused on improving the wallet’s error handling process.

Peer Discovery Implementation

Some security issues were discovered last week and the team has successfully solved them. According to the team, there has been good progress on Peer Discovery Implementation. The routing table maintenance task is also being looked into.

DevOps

DevOps constant efforts in making CI systems more transparent will hopefully result in much more productive CI resolutions in the near future. DevOps is also concentrated on the established conventions for issue reporting and tracking. From the weekly report posted on the official website of Cardano, “The team fixed several classes of build issues, including bypassing a new optional Daedalus development environment feature which broke builds, and overcoming a linker size limit by statically linking macOS builds.”

DevOps connected with the wallet developers to detect the cause behind the formation of the bug that stood as a wall in front of the Daedalus and Cardano 1.2 release. A number of experiments and tests led to the root of the problem- a small type change. The solution was thus implemented and DevOps resynced it into the Daedalus release branch. Now, it is ready to be tested from the user’s point of view.

DevOps has also identified and tracked operational details such that there are no issues after the KEVM testnet launch. Deployment process has also been monitored. For Cardano testnet, tests have been executed for Daedalus multiple times that also relate to different clusters and developing the faucet.

Goguen

The fundamental research for the Goguen project has reached an advanced stage. Now, the team is involved in discussing sidechains, multi-currency and chimeric ledger such that it can be seamlessly integrated into the Cardano Core platform. The first testnet of Goguen will enable the smart contract developers to execute their Solidity contracts on the KEVM. The weekly technical report describes it as “a formal semantics implementation of the Ethereum Virtual Machine (EVM) using the K framework.”

Community Interaction

IOHK Education Department and project managers have decided to create videos and PowerPoint presentations such that the community comes to know what the Cardano team is working on. The team is looking forward to releasing a PM monthly update video to the community by the end of the month.

Price Analysis

The historical data table of Cardano (ADA) from coinmarketcap.com shows that there have been some remnants of the bearish effect of the cryptocurrency market in the first quarter of 2018. However, there has not been massive fluctuations as seen from the price. At the time of writing, according to coinmarketcap.com, the price of ADA shows $0.190 USD (4.52%) approximately. The market cap shows approximately $4,928,943,526 USD and the volume (24h) is above $102,000,000 USD. (As of 29th May 2018) Cardano (ADA) stands at the 7th position now.

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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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