Cardano News News

Cardano Foundation Going to be a Powerhouse in 2019” Says Founder on Releasing Cardano 1.4

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While being down 97 percent from its peak, Cardano (ADA) is currently focused on the development phase as its creator Charles Hoskinson announced December 18 as the date for the release of Cardano 1.4 along with changes in the Foundation council in order to strengthen it.

Development in Bear Market

Cardano (ADA) is one of the highest bearers of losses, having lost more than 97 percent from its all-time high (ATH). In a month only, Cardano (ADA) Price has lost over 55 percent of its value as it currently trades at $0.0279 with 24 hours loss of 4.17 percent while managing the daily trading volume $10 million.

Cardano Price Chart ADA Price Chart
Source : Coinmarketcap

At one side, the price is tanking while on the other side, Cardano development is progressing as its founder Charles Hoskinson announces the launch of latest version of Cardano in his tweet

This has the Cardano community elated as one enthusiast comments, “Cardano users will understand this is slow process to try and perfect the end product many years down the line. Great work. Keep it up.” While another one compliments, “Quality takes time..”

Hoskinson further clarified about “Nano Ledger support still on the table for December,” as asked by one enthusiast,

The issue is on ledger’s side not ours. We are working with Emurgo and Vacuum labs to clean up the CF mess here and will make a dedicated statement after 1.4 ships.

Just last week, Cardano founder had shared the updates,

1.4 is almost out, testnet has been released, rust cardano is making epic progress, the haskell rewrite is underway, plutusfest in a few days, Emurgo is growing and the Foundation will soon re-awaken from its long slumber. Cardano’s future is looking very bright!

Apart from the new version, Cardano Foundation is also working on strengthening the “Foundation Council with three proven experts from the Cardano ecosystem.”

Hoskinson has big expectations for both Cardano and Cardano Foundation as he states

In its official announcement, Cardano Foundation shares that in order to strengthen the Council, three new members have been elected viz. Nathan Kaiser as the General Counsel of IOHK, Manmeet Singh as the CIO of Emurgo, and Domino Burki, the Managing Partner of Du Lac Capital Ltd.

On this development, Pascal Schmid, a member of the council who acted as interim Chairman after Michael Parsons’ resignation has this to say ;

I am delighted that we have been able to add three proven experts to the Board of Trustees in such a short time. This means that the Cardano Foundation is now back on solid ground and can fully dedicate itself to the upcoming tasks within the framework of the foundation’s purpose.

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Bitcoin (BTC) Price Party’s Only Getting Started after 2019’s Monster 100% Surge

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According to eToro senior market analyst Mati Greenspan, bitcoin is in amidst a parabolic bull cycle and is on track to sustain its strong momentum over the medium to long term.

Since January, within less than six months, the bitcoin price has increased by nearly 100 percent against the U.S. dollar.

Bitcoin Charts BTC Charts Prices

With a 98% gain year-to-date, bitcoin has outperformed most assets in 2019
(source: coinmarketcap.com)

Still, despite its large short-term rally, Greenspan noted that the dominant cryptocurrency is only at the start of a bigger cycle that may lead to new highs for the asset.

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Ripple (XRP) Explosive Two Day 31% XRP Rally

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World’s third largest cryptocurrency Ripple (XRP) has appreciated up to 31-percent against the US dollar in just two days.

The XRP-to-dollar exchange rate Tuesday established an intraday high towards $0.405, up 25.05% since the market open on Luxembourg-based Bitstamp exchange. The pair dropped as much as 5.05-percent ahead of the European session to neutralize its overbought sentiments, finding interim support at $0.384-level.

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RIPPLE (XRP) SURGES 25% IN A DAY | SOURCE: TRADINGVIEW.COM, BITSTAMP

The sentiment was the same across the rest of the cryptocurrency index, with almost all the leading cryptocurrency posting surplus intraday gains. Bitcoin (BTC), for instance, extended its rally action to establish a new 2019 peak towards $8,836.19. Ethereum, EOS, and Bitcoin Cash too recorded double-digit percentage gains on a 24-hour adjusted timeframe.

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Bitcoin Price Smashes $7,500 With Spectacular Return of Bull Market

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The crypto market has made a spectacular return as it added $28 billion in the past 48 hours. The bitcoin price surged past $7,400 and hit a new 2019 high, marking the start of a new bull market.

In many major markets, the volume of bitcoin has returned to the late 2017 level with the “real 10” daily spot volume of bitcoin surpassing $1.9 billion.

bitcoin charts 24hr volume, Bitcoin Price

The bitcon price hit a new 2019 high after surging over $7,500

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“Starting 5 June, we will update our Prohibited Financial Products and Services Policy to no longer allow ads promoting contracts for difference [CFDs], complex financial products that are often associated with predatory behaviour. These products, due to their complexity, often mislead people.”

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How To Prove You’re Bitcoin Creator Satoshi Nakamoto..

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Craig Wright, a man who, as WIRED wrote about back in 2016, either created Bitcoin or very badly wants someone to believe he did.

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