Millix Vs Blockchain | Energy Efficiency

Blockchains attract large, sophisticated mining operations that compete against each other to win the same race. Normal people don't have enough computing power and money to compete. Thousands of miners run the race but there is only one prize. The miner that wins the race gets to produce the next block to hold a small batch of new transactions. The more miners there are competing in the race, the longer the race gets. The longer it gets, the more energy is wasted. As soon as someone wins, a new race begins and the miners keep competing to win a single prize. All the other miners lose, having wasted energy with no result. This race isn't meaningful to the transactions, it just proves that the miner did a lot of work.

Each millix transaction is individually inspected by a small group of users. A few users analyze each transaction, agree that it's valid and move on to the next transaction. The more users there are, the more transactions can be processed. There is no race or wasted effort. The work doesn't get more difficult as more users participate. Anyone with a laptop or desktop can earn transaction fees, and their computer doesn't become obsolete, because the work doesn't get harder. There are no centralized coordinators or validators. All millix users have equal authority and permission to do work. Unlike blockchains, the more people there are using millix, the faster and cheaper it becomes.

Learn more about millix at: https://millix.org

Millix Vs Blockchain | Energy Efficiency

Blockchains attract large, sophisticated mining operations that compete against each other to win the same race. Normal people don't have enough computing power and money to compete. Thousands of miners run the race but there is only one prize. The miner that wins the race gets to produce the next block to hold a small batch of new transactions. The more miners there are competing in the race, the longer the race gets. The longer it gets, the more energy is wasted. As soon as someone wins, a new race begins and the miners keep competing to win a...

Cardano Investors Lose Big as Billions of ADA Turn Red

Data from crypto intelligence portal IntoTheBlock reveals a disheartening trend for Cardano (ADA) investors, with over 6.5 billion ADAs turning red since Monday. These tokens, purchased at prices ranging from $0.373 to $0.385 per ADA, are now causing losses for their buyers and holders. Today, the price of ADA dipped below the lower end of this range.

Examining the Cardano token price chart, it becomes apparent that a significant portion of this volume was acquired last Friday and over the weekend. During this period, ADA witnessed an 8.3% surge, climbing from $0.354 to a high of $0.384. The buying frenzy was widespread, with more than 160,000 addresses adding Cardano tokens to their portfolios within this price range. Investors likely anticipated that the bullish momentum would continue, but unfortunately, they found themselves trapped in losses with billions of ADA coins in their wallets. At this point, it appears overly optimistic to expect these investments to turn profitable. For now, these investors can only hope to break even.

While the weekend surge might have fueled hope, market dynamics swiftly changed, catching many investors off guard. The coming days will reveal whether ADA's price can recover, providing relief to its investors, or if further downward pressure will persist. In the meantime, those who find themselves facing losses will need to reassess their investment strategies and evaluate their risk appetite in light of these recent developments. #Cardano #Cardano News

Read more on U.Today https://u.today/cardano-investors-lose-big-as-billions-of-ada-turn-red

Cardano Investors Lose Big as Billions of ADA Turn Red

Data from crypto intelligence portal IntoTheBlock reveals a disheartening trend for Cardano (ADA) investors, with over 6.5 billion ADAs turning red since Monday. These tokens, purchased at prices ranging from $0.373 to $0.385 per ADA, are now causing losses for their buyers and holders. Today, the price of ADA dipped below the lower end of this range.

Examining the Cardano token price chart, it becomes apparent that a significant portion of this volume was acquired last Friday and over the weekend. During this period, ADA witnessed an 8....

Cardano Soars Towards Self-Sovereignty: Progress Update Highlights Decentralization Milestones and Cutting-Edge Innovations

• Hoskinson highlighted that Cardano is adopting a governance model that enables the community to play an active role in decision-making.

• Cardano aims to take decentralization to the next level, giving ADA holders a chance to have a direct say in shaping the future of the network. 

In a recent tweet, Charles Hoskinson, the founder of Cardano (ADA) blockchain company, provided an update on the network’s current progress. He has also praised the team’s efforts towards decentralization and highlighted its importance as a future standard for regulating the cryptocurrency industry.

In the 29-minute video, the co-founder emphasized the progress of the Cardano platform despite facing criticism and shared plans for this year, including global workshops on Cardano Improvement Proposal CIP-1694. He also mentioned writing “a ton of really great code,” specifically focusing on decentralization efforts. He said, “My belief is that we’ll be substantially more decentralized than all cryptocurrencies on the market, which is one of the primary goals of these types of protocols.”

Cardano’s Decentralized Future

Hoskinson is no stranger to stirring up controversy and igniting vibrant debates within the cryptocurrency realm. According to Hoskinson, Cardano stands out from other cryptocurrencies because of its distinctive Extended UTXO architecture and the utilization of its programming language, Plutus. He further added that the unique features of Cardano, such as its Extended UTXO architecture and Plutus programming language, compel developers to reevaluate and modify their protocols, promoting creativity and originality.

Read More: https://www.crypto-news-flash.com/cardano-soars-towards-self-sovereignty-progress-update-highlights-decentralization-milestones-and-cutting-edge-innovations/

Cardano Soars Towards Self-Sovereignty: Progress Update Highlights Decentralization Milestones and Cutting-Edge Innovations

• Hoskinson highlighted that Cardano is adopting a governance model that enables the community to play an active role in decision-making.

• Cardano aims to take decentralization to the next level, giving ADA holders a chance to have a direct say in shaping the future of the network. ...

TRON Collaborates With Nansen To Deliver In-Depth Insights From Blockchain Activity

The TRON DAO team is thrilled to announce a partnership with Nansen, a prominent provider of blockchain data and research trusted by the world’s leading crypto teams and enthusiasts. In-depth data-defined insights about TRON user activity will now be available via Nansen’s powerful suite of tools.

Nansen offers users “blockchain data that no one else has, remarkably fast – the way your team works.”

Nansen processes over 500 TB daily, labeling more than 250 million addresses across more than 16 blockchains, which represents more than 80% of all on-chain volume.

Nansen products exist to 10X user insights while reducing user workload.

Query is a powerful no-code crypto analytics tool built for its most ambitious customers, providing exclusive access to professional analytics as well as an exclusive community to network with other top crypto leaders.

Read More: https://dailyhodl.com/2023/05/23/tron-collaborates-with-nansen-to-deliver-in-depth-insights-from-blockchain-activity/

TRON Collaborates With Nansen To Deliver In-Depth Insights From Blockchain Activity

The TRON DAO team is thrilled to announce a partnership with Nansen, a prominent provider of blockchain data and research trusted by the world’s leading crypto teams and enthusiasts. In-depth data-defined insights about TRON user activity will now be available via Nansen’s powerful suite of tools.

Nansen offers users “blockchain data that no one else has, remarkably fast – the way your team works.”...

3.3 Billion Cardano (ADA) Pushes Price Down, Can It Recover?

Cardano (ADA) has recently experienced a downturn in its price, with a significant number of addresses acquiring ADA at a price range between $0.35 and $0.37. As ADA trades around $0.36, many investors wonder whether it can recover from the current slump and regain its upward momentum.

To analyze ADA's future performance, we need to examine the "In the Money" and "Out of the Money" metrics. This involves calculating the average cost at which tokens were purchased and comparing it to the current price. If the current price is greater than the average cost, the address is "In the Money." Conversely, if the current price is lower than the average cost, the address is "Out of the Money."

Currently, ADA is sitting at the 3.28 billion level, with a minimum price of $0.35 and a maximum of $0.37. About 215,000 addresses acquired ADA within this range, creating a resistance level. Resistance is formed when a large number of addresses hold ADA at a specific price range, making it difficult for the price to break through that level. ADA is currently trading at $0.36 and moving in a local downtrend, with descending trading volume. Despite the current downturn, there are several factors that could contribute to ADA's recovery, including market sentiment: positive sentiment within the broader cryptocurrency market could also benefit ADA. If other cryptocurrencies rebound and experience growth, it could create a ripple effect and bolster ADA's price.

Read more on U.Today https://u.today/33-billion-cardano-ada-pushes-price-down-can-it-recover

3.3 Billion Cardano (ADA) Pushes Price Down, Can It Recover?Cardano (ADA) has recently experienced a downturn in its price, with a significant number of addresses acquiring ADA at a price range between $0.35 and $0.37. As ADA trades around $0.36, many investors wonder whether it can recover from the current slump and regain its upward momentum.

To analyze ADA's future performance, we need to examine the "In the Money" and "Out of the Money" metrics. This involves calculating the average cost at which tokens were purchased and comparing it to the current price. If th3....

PancakeSwap's DAO Voting for 'Aggressive Reduction' of CAKE Token Inflation

So far, 70% of the community votes have been in favor of reducing block rewards drastically over the next few months.

A community vote to reduce CAKE block rewards emitted by the decentralized-finance protocol PancakeSwap is nearing completion, with nearly 70% of votes of the decentralized autonomous organization, or DAO, in favor of an “aggressive reduction.” The vote will end 15:30 UTC on Friday.

The version 2.5 "tokenomics" proposal would move CAKE toward a deflationary model by slashing the token rewards paid to traders and stakers by over 68%. CAKE “emissions” on Syrup Pools, PancakeSwap’s main liquidity pool on the BNB Smart Chain, would drop by 94%.

Syrup Pools allows users to lock tokens for up to one year in order to earn CAKE rewards.

Read More: https://www.coindesk.com/tech/2023/04/27/pancakeswap-dao-votes-for-aggressive-reduction-of-cake-token-inflation/

PancakeSwap's DAO Voting for 'Aggressive Reduction' of CAKE Token Inflation

So far, 70% of the community votes have been in favor of reducing block rewards drastically over the next few months.

A community vote to reduce CAKE block rewards emitted by the decentralized-finance protocol PancakeSwap is nearing completion, with nearly 70% of votes of the decentralized autonomous organization, or DAO, in favor of an “aggressive reduction.” The vote will end 15:30 UTC on Friday....

Cardano (ADA) up 7%, Crypto Capital Founder Says Bulls Are up to Something

Cardano (ADA) jumped more than 7% to lead gains among major cryptocurrencies on Wednesday. At the time of writing, ADA was up 7.06% in the last 24 hours at $0.40.

In the early hours of Wednesday, Bitcoin increased toward $29,000 as some speculators pointed to the anticipation of a money injection in the coming weeks in response to signals of yet another U.S. bank collapse. The surprise increase in Bitcoin's price sent the rest of the market up as well. According to Crypto Capital Venture founder Dan Gambardello, it might seem as though Bitcoin and Cardano bulls might be up to something. Gambardello posted price charts for both Bitcoin and Cardano. Most conspicuous is a positive MA crossing on both charts, which might be deemed bullish.

Cardano's ADA validated a head and shoulders pattern, which contributed to its rise to highs of $0.462 on April 15. Shortly after reaching this high, Cardano began to decline as profit-taking occurred.

ADA hit major support at the daily MA 50 at $0.376 on April 24, where bulls aggressively bought the dip. If current gains are sustained, ADA might be set to close on its second consecutive day of positive price action.

Read more on U.Today https://u.today/cardano-ada-up-7-crypto-capital-founder-says-bulls-are-up-to-something

Cardano (ADA) up 7%, Crypto Capital Founder Says Bulls Are up to Something

Cardano (ADA) jumped more than 7% to lead gains among major cryptocurrencies on Wednesday. At the time of writing, ADA was up 7.06% in the last 24 hours at $0.40.

In the early hours of Wednesday, Bitcoin increased toward $29,000 as some speculators pointed to the anticipation of a money injection in the coming weeks in response to signals of yet another U.S.bank collapse. The surprise increase in Bitcoin's price sent the rest of the market up as well. According to Crypto Capital Venture founder Dan Gambardello,U....

Cardano ( #ADA ) and #xrp Take Center Stage as Funds Flow In

(video Credit: fiatleak.com/ada)

Digital asset investment products experienced a surge in inflows last week, with a total of $114 million flowing in, according to a recent report from CoinShares. This marked the fourth consecutive week of inflows, bringing the total amount to $345 million. The strong inflows are a testament to improving sentiment toward the asset class.

Bitcoin continued to be the primary focus for investors, with inflows of $104 million. However, there was also a bullish trend toward XRP, as an additional $100,000 in funds were registered last week. This brought the total inflows for XRP this year to $3 million.

One unexpected development was the sudden interest in Cardano (ADA) investment products. Inflows oriented to Cardano reached the $100,000 mark last week. The rise in interest in ADA coincided with the largest weekly increase in the price of the token since the beginning of the year, up 15.9%. Traditional investors and digital assets This news comes as the overall crypto market has been experiencing a period of upside. Despite the fluctuation, investors have remained optimistic about the long-term potential of digital assets. Traditional investors are also increasingly showing interest in cryptocurrencies, which could be contributing to recent inflows.

Read more on U.Today https://u.today/cardano-ada-and-xrp-take-center-stage-as-funds-flow-in

Cardano ( #ADA ) and #xrp Take Center Stage as Funds Flow In

(video Credit: fiatleak.com/ada)

Digital asset investment products experienced a surge in inflows last week, with a total of $114 million flowing in, according to a recent report from CoinShares. This marked the fourth consecutive week of inflows, bringing the total amount to $345 million. The strong inflows are a testament to improving sentiment toward the asset class.

Bitcoin continued to be the primary focus for investors, with inflows of $104 million. However, there was also a bullish trend toward XRP, as an additional $100,000...

Cardano (ADA) Whales Go on an Accumulation Spree: Data

Over the years, the Cardano ecosystem has come under significant criticism for continued delays and network updates. But ADA whales remain unfettered.

In fact, the top whales have been amassing ADA even as the token struggled to break above the crucial resistance mark of $0.40.

More Gains for ADA?

According to on-chain data shared by crypto analyst and trader Ali Martinez, ADA whales are on an accumulation spree over the past two weeks. During this period, this cohort of token holders (holding between 100 million to 1 billion ADA) has managed to scoop up 560 million ADA, worth around $218.4 million.

Cardano’s price trajectory, for one, has improved since the beginning of the year, pushing its YTD gains to 56% from $0.25 to the press time price of $0.39. The token was up by nearly 26% in the past month alone despite a major drawdown in the second week of March.

The launch of Cardano’s native Djed stablecoin played a major role in improved investor sentiment. Following the launch, ADA’s volume in whale transactions saw a sudden spike. Such an abrupt activity tends to dwindle easily, but whale activity has defied the norm and instead remained steady at high volumes.

Read More: https://cryptopotato.com/cardano-ada-whales-go-on-an-accumulation-spree-data/

Cardano (ADA) Whales Go on an Accumulation Spree: Data

Over the years, the Cardano ecosystem has come under significant criticism for continued delays and network updates. But ADA whales remain unfettered.

In fact, the top whales have been amassing ADA even as the token struggled to break above the crucial resistance mark of $0.40....

What Cardano (ADA) Price Must Do to Trigger a 40% Bull Rally

The Cardano (ADA) price is attempting to break out from the $0.410 resistance area. If successful, this would have massive bullish implications for the future price.

ADA is the native coin of the Cardano blockchain platform. The ADA coin price has increased since the beginning of the year. On Feb. 16, it reached a new yearly high of $0.421. Initially, it seemed that the high caused a breakout above the $0.410 resistance area. This is a crucial area that has acted as both resistance and support since May 2022. 

However, the price failed to break out, instead deviating above the area and falling afterward. 

Nevertheless, the ADA price is in the process of making another breakout attempt. This is also supported by the RSI, which broke out from its bearish divergence trendline and is above 50. 

Read More: https://beincrypto.com/cardano-ada-price-climb-40-bull-rally/

What Cardano (ADA) Price Must Do to Trigger a 40% Bull Rally

The Cardano (ADA) price is attempting to break out from the $0.410 resistance area. If successful, this would have massive bullish implications for the future price.ADA is the native coin of the Cardano blockchain platform. The ADA coin price has increased since the beginning of the year. On Feb. 16, it reached a new yearly high of $0.421. Initially, it seemed that the high caused a breakout above the $0.410 resistance area. This is a crucial area that has acted as both resistance and support since May 2022. 

However, the price fRS...

TRON (TRX) Develops Digital Identification Program for Dominica Metaverse, Binance adds Polygon (MATIC) Support for NFT Marketplace and TMS Network (TMSN) Prevails In Presale

With cryptocurrencies continuing to gain traction, the crypto market remains a dynamic and rapidly-evolving space. This week is no exception, as new developments are emerging, which are likely to impact the industry. From TRON (TRX) bringing a new digital age to Polygon (MATIC) exploring a new platform, and TMS Network (TMSN) bringing us great presale numbers, there’s a lot in store to explore.

TRON (TRX) Revolutionizes Digital Identification for Dominica Metaverse

TRON (TRX) is in the process of developing one of the first Caribbean Digital Identity Initiatives, including the establishment of the Dominica Metaverse. It will also include the Dominica Digital Identity (DDID) as well as Dominica Coin (DMC) programs. This step will allow Dominica to lead the way, and allow blockchain technology to transform everyday life for the years to come. Digital identity is a key component of Web3, and TRON (TRX) will be responsible for the issuance of the aforementioned tokens. Notably, TRON’s (TRX) native tokens have been recognized as legal tender in the Commonwealth of Dominica since last year.

Read More: https://www.newsbtc.com/press-releases/tron-trx-develops-digital-identification-program-for-dominica-metaverse-binance-adds-polygon-matic-support-for-nft-marketplace-and-tms-network-tmsn-prevails-in-presale/

TRON (TRX) Develops Digital Identification Program for Dominica Metaverse, Binance adds Polygon (MATIC) Support for NFT Marketplace and TMS Network (TMSN) Prevails In Presale

With cryptocurrencies continuing to gain traction, the crypto market remains a dynamic and rapidly-evolving space. This week is no exception, as new developments are emerging, which are likely to impact the industry. From TRON (TRX) bringing a new digital age to Polygon (MATIC) exploring a new platform, and TMS Network (TMSN) bringing us great presale numbers, there’s a lot in store to explore.

TRON (TRX) Revolutionizes...

Cardano’s Top NFT Marketplace, JPG Store, Announces Plans To Empower More Artists Globally Today, JPG.Store announced the launch of Language Localization, a feature which improves the quality of the site’s translations for the benefit of its global community. This feature launch is part of a larger strategy aimed at providing the non-English speaking world with equal access to opportunity in the NFT economy. With the cost of minting an NFT on Cardano averaging less than $1, the JPG Team is excited for their language efforts to attract and support more creators globally, especially those previously priced out by blockchains with expensive gas fees. “We’re passionate about creating as much opportunity as we can for all creators,” said Blakelock Brown, CEO of JPG Store. “We’ve proudly paid out millions in royalties to our current NFT creators, but this massive opportunity should belong to all people. Eliminating language barriers is only a small piece of our exciting plans to endlessly empower international artists and collectors alike.” To ensure users receive high quality translations which update quickly, JPG Store now uses a global team of human linguists paired with advanced machine language technology to craft the site’s translations. The first languages to be supported are Japanese, Korean, Chinese (Simp), Portuguese, French, and Spanish (LatAm). JPG Store engineers have also developed an auto-translating Discord bot to ensure users of all languages receive the same high-quality customer service the support team is widely recognized for. “We strive to hire the best minds we can find so we’re a highly diverse team ourselves,” commented Shannon Brown, Cofounder of JPG Store. “We proudly come from over 15 different countries, so nurturing NFT adoption and opportunity globally is something we deeply value on a personal level.” In a little over a year since launch, JPG Store has catalyzed Cardano’s NFT industry to reach over $477M in total sales, handling 97% of the blockchain’s current NFT volume. With recent launches of Coti’s new Djed Stablecoin and Liqwid’s DeFi Lending Protocol attracting outside liquidity to Cardano, the JPG team anticipates NFT trading volume to grow alongside its maturing DeFi ecosystem. At time of writing, Cardano ranks as the 4th largest NFT blockchain by volume over the last 30 days. Read More: https://www.cryptopolitan.com/cardanos-top-nft-marketplace-jpg-store-announces-plans-to-empower-more-artists-globally/
Cardano’s Top NFT Marketplace, JPG Store, Announces Plans To Empower More Artists Globally Today, JPG.Store announced the launch of Language Localization, a feature which improves the quality of the site’s translations for the benefit of its global community. This feature launch is part of a larger strategy aimed at providing the non-English speaking world with equal access to opportunity in the NFT economy. With the cost of minting an NFT on Cardano averaging less than $1, the JPG Team is excited for their language efforts to attract and support more creators globally, especially those pre...
Bored Ape Owner Burns $169K NFT to Move It From Ethereum to Bitcoin The owner of BAYC #1626 burned the NFT, to symbolically shift its existence to Bitcoin. But Yuga Labs says it’s an illegitimate Ape. A valuable digital collectible was permanently removed from circulation over the weekend, as its owner aimed to symbolically shift the asset’s underlying blockchain from Ethereum to Bitcoin. The collectible was Bored Ape Yacht Club (BAYC) #1626, an Ape from the most valuable project in the NFT space. Its most recent sale on OpenSea took place last November when it sold for 108 Ethereum—that's nearly $432,000 at the time of the transaction, or around $169,000 at today's prices. NFTs are digital assets that are provably unique and signify the ownership of an item, often digital art. The ownership of BAYC #1626 is linked to a digital token that is recorded on the Ethereum network, where it could also be traded—that is, up until recently. Read More: https://decrypt.co/121298/bored-ape-owner-burns-169k-nft-ethereum-bitcoin
Bored Ape Owner Burns $169K NFT to Move It From Ethereum to Bitcoin The owner of BAYC #1626 burned the NFT, to symbolically shift its existence to Bitcoin. But Yuga Labs says it’s an illegitimate Ape. A valuable digital collectible was permanently removed from circulation over the weekend, as its owner aimed to symbolically shift the asset’s underlying blockchain from Ethereum to Bitcoin. The collectible was Bored Ape Yacht Club (BAYC) #1626, an Ape from the most valuable project in the NFT space. Its most recent sale on OpenSea took place last November when it sold for 108 Ethereum—t...
Cardano Gets 'Valentine' Upgrade: Here’s How it Benefits ADA Token The ‘Valentine’ upgrade was pushed live on the mainnet in early Asian hours on Wednesday. Native ADA tokens outperformed crypto majors. An upgrade to improve security and interoperability features on the Cardano blockchain was pushed live in early Asian morning hours on Wednesday. Dubbed “Valentine,” the upgrade will make enhancements to cross-chain functionality for decentralized finance (DeFi) applications building on the network. It was proposed earlier in February and voted favorably by network validators, as CoinDesk reported. The upgrade is said to bring enhanced cryptographic features to Cardano while improving cross-chain decentralized application (dapp) development on Plutus – the smart contract platform of the Cardano blockchain. “Interoperability is key for blockchain growth. As more dapps are built on Cardano, it is essential that they are not siloed to just one ecosystem, enabling users to interact with different blockchains and access a wider range of services,” a Cardano developer and code maintainer said in a tweet. Cross-chain bridges are software applications that enable transactions to occur between various blockchains. Such a feature on Cardano would allow developers to build applications that connect Cardano with other blockchains, which would in turn give users access to other blockchains to interact easily with financial services offered by Cardano dapps. Dapps rely on smart contracts instead of middlemen to offer financial services, such as lending and borrowing, to users, who often use that dapp’s token or are rewarded in those tokens. This, in turn, would likely improve the utility of Cardano’s native ADA token. As such, Wednesday’s upgrade preceded buying pressure on the token, with the price up 8% in the past 24 hours, outperforming bitcoin and ether. The locked value of tokens on Cardano-based dapps has increased over 100% since the start of January to over $110 million, suggesting demand. Read More: https://www.coindesk.com/tech/2023/02/15/cardano-gets-valentine-upgrade-heres-how-it-benefits-ada-token/
Cardano Gets 'Valentine' Upgrade: Here’s How it Benefits ADA Token The ‘Valentine’ upgrade was pushed live on the mainnet in early Asian hours on Wednesday. Native ADA tokens outperformed crypto majors. An upgrade to improve security and interoperability features on the Cardano blockchain was pushed live in early Asian morning hours on Wednesday. Dubbed “Valentine,” the upgrade will make enhancements to cross-chain functionality for decentralized finance (DeFi) applications building on the network. It was proposed earlier in February and voted favorably by network validators,...
400 Million Cardano (ADA) Tokens Staked Since Early December: Report According to a report by Staking Rewards, 400 million Cardano (ADA) tokens have been staked since early December. The total number of staked ADA tokens has now grown to 25.5 billion. Despite this increase in staked tokens, the staking market cap remains 9% lower than it was at the start of October 2022. The staking market cap growth rate has outperformed Cardano's market cap growth since the end of December 2022, which signals a positive outlook in ADA holder confidence. The number of staking wallets has declined by 8%, but the average staked tokens per wallet increased by 20% from 19,800 ADA to 23,900 ADA. The report also provides insights into validator activity in the Cardano network, pointing out that the largest validators on the network have a very small percentage of the staked balance. The top 10 validators on Cardano account for about 2.86% of the staked ADA. Additionally, the top 10 providers account for 24.4% of all tokens staked on Cardano across 119 validators. Read more on U.Today https://u.today/400-million-cardano-ada-tokens-staked-since-early-december-report
400 Million Cardano (ADA) Tokens Staked Since Early December: Report According to a report by Staking Rewards, 400 million Cardano (ADA) tokens have been staked since early December. The total number of staked ADA tokens has now grown to 25.5 billion. Despite this increase in staked tokens, the staking market cap remains 9% lower than it was at the start of October 2022. The staking market cap growth rate has outperformed Cardano's market cap growth since the end of December 2022, which signals a positive outlook in ADA holder confidence. The number of staking wallets has declined...
60% of investors believe ETH has better growth potential than BTC – CoinShares survey reveals Around 60% of investors believe that Ethereum (ETH) has a more compelling growth outlook, according to a survey by CoinShares. As opposed to the 60% siding with ETH, only 30% of the respondents said Bitcoin (BTC) had the most compelling growth outlook, according to the CoinShares survey. The survey included 43 investors who managed a total of $390 billion worth of assets. Among the participants, those who identified as Wealth Managers (25%) and Family Office (25%) accounted for half of the group. Another 22% and 17% identified as Hedge Fund and Institutional, respectively. Year-to-year changes It can be seen that a bulk of investors shifted to ETH from BTC when comparing the latest results with results from 2022. The blue columns on the chart below represent the latest results, while the red marks show the results from last year’s survey. Only 40% of the respondents said ETH had more compelling growth potential, while only a little less than 40% chose BTC in the 2022 survey. In one year, investors who opted for ETH spiked to 60%, while the ones who voted for BTC fell to 30%. Even though investors distanced themselves from BTC, this year’s results show an increase in the number of investors who invested in it. 30% of the participants own BTC, which marks an increase from 24% in 2022, according to CoinShares. Full Article: https://cryptoslate.com/60-of-investors-believe-eth-has-better-growth-potential-than-btc-coinshares-survey-reveals/
60% of investors believe ETH has better growth potential than BTC – CoinShares survey reveals Around 60% of investors believe that Ethereum (ETH) has a more compelling growth outlook, according to a survey by CoinShares. As opposed to the 60% siding with ETH, only 30% of the respondents said Bitcoin (BTC) had the most compelling growth outlook, according to the CoinShares survey. The survey included 43 investors who managed a total of $390 billion worth of assets. Among the participants, those who identified as Wealth Managers (25%) and Family Office (25%) accounted for half of the gr...
Charles Hoskinson on the Cardano ‘blip’: Here’s what happened With the devastating developments in the cryptocurrency market still fresh in the community’s memory, every minor incident seems to raise a higher-than-usual level of concern, including the recent issue on the Cardano (ADA) network, warranting its founder Charles Hoskinson to explain what really happened. Specifically, on the evening between January 21 and 22 (between blocks 8300569 and 8300570), the Cardano blockchain experienced a brief “anomaly” that temporarily affected a portion of its nodes, causing them to disconnect and restart, the Cardano team said in its Community Digest on January 23. Full Article: https://finbold.com/charles-hoskinson-on-the-cardano-blip-heres-what-happened/
Charles Hoskinson on the Cardano ‘blip’: Here’s what happened With the devastating developments in the cryptocurrency market still fresh in the community’s memory, every minor incident seems to raise a higher-than-usual level of concern, including the recent issue on the Cardano (ADA) network, warranting its founder Charles Hoskinson to explain what really happened. Specifically, on the evening between January 21 and 22 (between blocks 8300569 and 8300570), the Cardano blockchain experienced a brief “anomaly” that temporarily affected a portion of its nodes, causing them to disconnect an...
VeChain helps big industry players attain tech superiority to 1.4B people in China •VeChain partner CAFA reveals that China has implemented legislation to make agricultural products certification statutory. •A VeChain community member highlights that VeChain and CAFA already have a solution for implementing the bill. VeChain blockchain is set to attain even deeper roots in the Chinese food industry. VeChain partner, China Animal Health and Food Safety Alliance (also CAFA), revealed that China has implemented laws that will make food traceability mandatory. CAFA notes in a news release that the legislation is titled Revised Law on the Quality and Safety of Agricultural Products. The bill came into effect on Jan. 1, 2023. A section of the legislation will essentially strengthen food safety protocols through certification and traceability systems. Per the release, the bill does this by making acquiring food safety certificates and implementing food traceability a statutory requirement for producers. A spokesperson for the bill’s sponsor, the Ministry of Agriculture and Rural Affairs, states that this will ensure the responsibility of producers. The spokesperson said. Full Article: https://www.crypto-news-flash.com/vechain-helps-big-industry-players-attain-tech-superiority-to-1-4b-people-in-china/
VeChain helps big industry players attain tech superiority to 1.4B people in China •VeChain partner CAFA reveals that China has implemented legislation to make agricultural products certification statutory. •A VeChain community member highlights that VeChain and CAFA already have a solution for implementing the bill. VeChain blockchain is set to attain even deeper roots in the Chinese food industry. VeChain partner, China Animal Health and Food Safety Alliance (also CAFA), revealed that China has implemented laws that will make food traceability mandatory. CAFA notes in a news rele...
VeChain Foundation Announces 2023 Steering Committee Elections The VeChain foundation has announced its 2023 Steering Committee Elections. In a statement, the blockchain and smart contract platform has reiterated its commitment to the continued decentralization VeChainThor’s core government through the electoral proceedings. The statement also released notes regarding the VeChain Foundations’ commitment to the continued development of the VeChain ecosystem. Moreover, explaining that the board of the Steering Committee will act as the governing body over the VeChain Foundation. This will be a key aspect of their decision-making. VeChain Foundation Announces 2023 Committee Elections There is no denying how difficult the past year has been for the cryptocurrency industry. Various tokens saw their prices deteriorate. Additionally, the overall health of the industry was impacted by the collapse of several companies. It was a year of resistance for all of the progress previously made. Macroeconomic factors plagued 2022 as well, following a COVID-19 pandemic that ravaged countries just years prior. Yet, blockchain technology is continuing to step forward toward the call to make a positive impact on the world that we know. One of the companies taking that task to heart is VeChain. Read More: https://watcher.guru/news/vechain-foundation-announces-2023-steering-committee-elections
VeChain Foundation Announces 2023 Steering Committee Elections The VeChain foundation has announced its 2023 Steering Committee Elections. In a statement, the blockchain and smart contract platform has reiterated its commitment to the continued decentralization VeChainThor’s core government through the electoral proceedings. The statement also released notes regarding the VeChain Foundations’ commitment to the continued development of the VeChain ecosystem. Moreover, explaining that the board of the Steering Committee will act as the governing body over the VeChain Foundation. This will...
Solana's SOL Token Surges 20% as Dog Coin Bonk Fires Up Community Interest Traders liquidated some $6.7 million worth of shorts amid rally, according to Coinglass. Solana's SOL has surged about 20% in the past 24 hours even as larger cryptocurrencies like bitcoin (BTC) and ether (ETH) barely moved, as a decision by newly launched shiba inu-themed token Bonk (BONK) to do a large airdrop generated interest in the Solana community. SOL leapt back above $13 on Tuesday following nearly nine straight days of losses that saw them trade at just over $8 on Friday. Selling pressure had resulted from Solana's close links to Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, who faces charges of fraud and misappropriation of client funds. The recent price surge has liquidated some $6.7 million of short positions, according to Coinglass. This is the largest short liquidation since the collapse of FTX exchange and the subsequent market crash in November. Funding rates for SOL perpetual swaps are deeply negative, per Coinglass data, suggesting traders are bearish and betting for the token's price to drop, also known as shorting. Full Article: https://www.coindesk.com/markets/2023/01/03/solana-price-gains-as-dog-coin-bonk-fires-up-community-interest/
Solana's SOL Token Surges 20% as Dog Coin Bonk Fires Up Community Interest Traders liquidated some $6.7 million worth of shorts amid rally, according to Coinglass. Solana's SOL has surged about 20% in the past 24 hours even as larger cryptocurrencies like bitcoin (BTC) and ether (ETH) barely moved, as a decision by newly launched shiba inu-themed token Bonk (BONK) to do a large airdrop generated interest in the Solana community. SOL leapt back above $13 on Tuesday following nearly nine straight days of losses that saw them trade at just over $8 on Friday. Selling pressure ha...