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Cardano Partners with Simplex to Allow ADA Purchase via Credit Cards and Apple Pay

Cardano’s native cryptocurrency, ADA, will now be available for direct purchases from credit or debit cards, Apple Pay, or even bank transfers. Its partnership with Simplex, a solution facilitating fiat on/off ramps to the cryptocurrency ecosystem, makes this possible. Cardano’s Integration With Simplex Simplex, a crypto infrastructure provider, based in Israel, was launched in 2014. Read More

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How Cardano Will Integrate 5 Million Users Into Its Platform With Ethiopian Deal

Charles Hoskinson gave new details on a very expected announcement in the Cardano community. The CEO of IOG uploaded a video on his YouTube channel and talked about the partnership with the Ethiopian government. The partners intend to “overhaul” the country’s education system. The Ethiopian Embassy in the United Kingdom and its Ambassador Teferi Melesse Desta also shared the news via their Twitter handle. The government official called the partnership a “fantastic” development and a part of the country’s “Digital Transformation Strategy”. The embassy added: IOG partners with Ethiopia’s Ministry of Education to create a #blockchain-based national student & teacher…

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“World’s Biggest Blockchain Deployment”: Ethiopian Government To Use Cardano’s Technology To Revamp Its Education System

Cardano developer IOHK has announced a strategic partnership with the Ethiopian government to use Cardano-based technology to revolutionize the nation’s education system. Cardano’s Identity System To Be Rolled Out To 5 Million Ethiopian Students  Based on the Atala PRISM framework, the identity solution will be deployed throughout Ethiopia in what will be the “world’s biggest blockchain deployment”. In particular, it will be used to create forgery-resistant records of academic performance across 3,500 schools and verify the grades of more than five million local students. The system will also create records of 750,000 teachers, allowing monitoring and lesson planning. This means…

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Cardano (ADA) Price Analysis: Fresh Increase Likely Above $1.30

ADA price started a fresh increase after testing the $1.00 support against the US Dollar. The price is now trading above the $1.200 support and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $1.150 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue high above the $1.300 and $1.348 resistance levels. Cardano price is rising and trading above $1.200 against the US Dollar, similar to bitcoin. ADA price could accelerate gains once it clears the $1.300 resistance. Cardano Price Analysis After a steady decline,…

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What Cardano traders can expect before the asset gets close to its ATH

Ever since the third week of April, Cardano has seen its price move southward, maintaining a steady downtrend. Since then, ADA lost over 34 percent of its trading value falling from $1.5 to $0.98. However, in the past day, a strong trend reversal has finally taken place enabling ADA to surge by over 7 percent […]

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Cardano’s Inventor Predicts A “Internet Of Blockchain”, Will Users Benefit?

In an interview for Forbes, Cardano’s inventor and the CEO of Input-Output Global (IOG), Charles Hoskinson talked about consensus mechanisms, energy consumption, and the potential future for this industry. Based on interoperability, a subject IOG has been developing, Hoskinson called out Ethereum for trying to “lock” users into its ecosystem. Over the next three to five years, as IOG’s CEO estimated, the crypto ecosystem could be connected via “the internet of blockchains”. This will allow the user to remain “liquid” and able to jump from a platform, like Ethereum, Polkadot, or Cardano, to another just with the click of a…

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What to expect from top alts like Ethereum, XRP, LTC, ADA, LINK and DOT during BTC’s dip

The most recent bloodbath was a result of increasing liquidity across exchanges and a week ago, the 17th of April had the highest amount of BTC perpetual futures long liquidations so far in 2021. This was a key to Bitcoin’s price drop. Cascading sell-off has not yet hit, since the price has recovered to the […]

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Stellar, Cardano, VeChain Price Analysis: 26 April

During the course of the past day, the altcoin market has seen renewed bullish momentum enter the market. With Bitcoin moving upwards on the charts, many popular altcoins like Stellar, Cardano, VeChain all saw their trading price appreciate by up to 10 percent. At the time of writing, BTC was trading at $52,748 after having […]

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Cardano, Monero, Crypto.com Coin Price Analysis: 25 April

While some altcoins were trying to find stable ground, a few had already recovered from the volatile market. As Cardano’s [ADA] price moves cautiously, Monero [XMR] and Crypto.com [CRO] had witnessed growth. Meanwhile, Bitcoin continued to trade around $49,834 and has seen a 24-hour price change of +0.97 percent. Cardano [ADA] The above chart of […]

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Bitcoin’s Market Dominance Slides to 50%, While Ethereum’s Valuation Climbs Higher

Bitcoin dominance, the metric that measures bitcoin’s overall market capitalization against all the other crypto asset valuations have dropped considerably in recent weeks. At the end of February, bitcoin dominance levels started sliding downward from 61% to today’s 50%. Meanwhile, from the same point in time ethereum’s market capitalization has increased from 11.8% to today’s 14.5%. Bitcoin Dominance Sinks to 50% Ever since the birth of alternative crypto assets, people have used a metric called bitcoin (BTC) dominance, a measurement that records BTC’s entire capitalization against all the market capitalizations held by other coins. Interestingly, minus a few small dips,…

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This Is How Cardano’s First DEX Will Try To Disrupt DeFi

As Hard Fork Combinator (HFC) “Alonzo” approaches, more DeFi projects are emerging for Cardano. A few days ago, Input-Output Global (IOG) Marketing and Communications Director, Tim Harrison, said there is a “huge” interest from developers towards the platform and its smart contract capabilities. In that sense, a team of developers led by Ryan Morrison from Quant Digital launch Cardax. A project conceived to be Cardano’s first decentralized exchange. According to an official post, the project is seeking $50,000 to finance the development of Cardax. The proposal has been made via Cardano’s Project Catalyst Fund 4. Morrison is a stake pool…

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Cardano Monthly Transactions Reach All-Time High as It Plans to Introduce Cardax

As of now, Cardano does not have a native exchange to list its token. However, with the $50,000 Project Catalyst fund proposal, the team seeks to develop Cardax, which will serve as the first DEX on the Cardano ecosystem. Launched in 2017, Cardano is still very much in its infancy. But there is a lot Read More

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Scores of Developers Predicted to Ditch Ethereum for Cardano as Blockbuster Update Nears

Cardano (ADA) has been doing great of late. The crypto has scored impressive gains over the last 10 weeks, with an even more impressive 3,800% over the last 12 months. Notably, Cardano’s good fortunes are rooted in the team’s ambitious focus on developing the most prolific and user-friendly blockchain network in the industry. This effort hasn’t gone unnoticed.  BTCUSD Chart By TradingViewThe blockchain platform is currently preparing to run ‘Alonzo’, a rather revolutionary upgrade that is in itself the last part of the Goguen phase. Now, Cardano’s director of marketing and communications, Tim Harrison, thinks that the Alonzo update will…

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Why The Crypto Market Could Face A Crackdown, says Cardano’s Inventor

Charles Hoskinson, Cardano’s inventor, and Input-Output Global (IOG) CEO, talked about the current regulatory outlook in the United States. Hoskinson believes the crypto market will see a “long overdue” regulatory framework in the coming months. IOG CEO stated in a new video for his YouTube channel that the current market cap of the entire crypto market will force regulators and authorities in that country to take measures. Over the past years, under the previous presidential administration, there was an environment with a lack of unity from the political parties, according to Hoskinson. However, the current president of the U.S. Joe…

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Cardano (ADA) Price Analysis: Risk of More Downsides Below $1.05

ADA price started a strong decline from well above the $1.350 level against the US Dollar. The price is now well below the $1.300 support and the 55 simple moving average (4-hours). There was a break below a key contracting triangle with support near $1.305 on the 4-hours chart (data feed via Bitfinex). The price is likely to continue lower below the $1.100 and $1.050 support levels. Cardano price is declining and trading well below $1.200 against the US Dollar, similar to bitcoin. ADA price could decline heavily if it fails to stay above $1.050. Cardano Price Analysis After forming…

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This is Why Cardano Has Seen a “Huge” Spike in Developer Interest

Tim Harrison, Marketing and Communications Director at Input Output Global (IOG), Cardano’s developer company, published a job advertisement for a Data Engineer, Consulting Lead, Java Consultant, Solutions Architect, and other positions at this company. The applicants will have the opportunity to, according to Harrison, become part of a new “dedicated team”. Their objective will be to support Cardano’s growing community. In addition, IOG’s new team will help brim Cardano’s user “on board” as the platform approaches its third Hard Fork Combinator (HFC) event “Alonzo”. With a tentative deployment date set for Q3, 2021, Alonzo will integrate Cardano’s smart contract platform…

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Cardano Price Analysis: 19 April

Cardano’s price witnessed a significant price drop during the early hours of Sunday along with the altcoin market. While the BTC-induced price drop did bring its trading price all the way down to the $1.04 range, the altcoin has been able to manage a substantial recovery in the past 24 hours. At the time of […]

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Did you buy the Cardano dip? Is a perfect entry price important with ADA?

A solid correction period on the 18th of April momentarily halted the current bullish rally of cryptocurrencies. Bitcoin tanked around 7% and the effect was witnessed across the board except for Dogecoin. Cardano dropped as much as 25% at one point, down to $1.07 but managed to recover strongly at press time.  Several analysts and […]

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Cardano, Aave, Dogecoin Price Analysis: 18

Cardano needed to rise above $1.23 resistance to regain some form of bullish control. Aave attempted a comeback above $372.8-resistance, while Dogecoin moved within a symmetrical triangle but a breakout would largely depend on broader market cues. Cardano [ADA] Prior to the sharp pullback seen over the last few sessions, Cardano made three lower peaks […]

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