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How a stake pool managed to produce Cardano’s first Quantum block

Cardano inventor and IOG CEO Charles Hoskinson has celebrated the production of the platform’s first “quantum block”. Created by Cardano’s stake pool called Onyx, the operator claimed to have successfully used an algorithm on the IonQ quantum computer. The stake pool operator has set out to use this technology to give Cardano’s blockchain a source of “true entropy.” On April 4, the operator posted the following message via its Twitter account: Success! I have sampled 32k random bits from an eight-qubit circuit with Hadamard gates on the Rigetti quantum computer! This is now the first candidate data block for the…

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Hoskinson Tweets Birds Again: Is a Cardano Announcement Coming Soon?

Charles Hoskinson teases the Cardano community with more talk of birds, this time in a tweet featuring an image of an exotic bird pictured next to John Hancock. The text accompanying it read: “For some reason, I have this strong desire to tweet these two pictures. Must be the blending of my ornithological endeavors with my love of 18th century American history….“ Source: @IOHK_Charles on Twitter.com The IOHK boss has been tormenting the community with cryptic bird messages since February. After those birds failed to land, Hoskinson explained that changing the world is an uphill task, to say the least.…

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$500 B in ADA delegated for this purpose, Community takes over Cardano

Driven by a community initiative, US$500,000,000 has been raised in ADA to be given to charity through so-called “mission-driven stake pools”. Via a post on the Cardano forum written by Elliot Hill, part of the Cardano Foundation team, platform users were informed of the following: The rewards from these pools, generated by the collective power of you, our Cardano community, are being donated to more than 100 charitable organizations worldwide. Mission-driven stake pools, according to the post, are those that have committed a portion of their block rewards to charity. This initiative is part of a new donation system that…

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Cardano Launches Anti-Scam Task Force to Combat Fraudsters

Cardano Founder Charles Hoskinson has announced the formation of an internal action force aimed at countering scammers. This comes as a report from fraud prevention firm Bolster showed cryptocurrency scams almost doubled in 2020. “One of the things we’ve been thinking about is setting up some sort of dedicated body in the Cardano ecosystem that does nothing but builds tools to help people report scams and propagate the knowledge that a scam has occurred.” The Cardano Anti-Scam Task Force Nabs First Case Last month, a frustrated Hoskinson hosted a live stream in which he warned the Cardano community of giveaway…

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Charted: Cardano (ADA) Holds Key Support, Why It Could Rally Above $1.22

Cardano’s price recovered sharply from the $1.050 support zone. ADA is likely to continue higher if it clears the main $1.220 resistance zone in the near term. ADA is showing a lot of positive signs above the $1.150 pivot level against the US dollar. The price is trading nicely above $1.165 and the 100 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $1.218 on the 4-hours chart of the ADA/USD pair (data source from Bitfinex). The pair is likely to start a strong increase if there is a clear break above $1.220. Cardano…

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Backlash Following Later Than Expected Rollout For Cardano Smart Contracts

At yesterday’s Cardano 360 event, IOHK CEO Charles Hoskinson gave an update on the long-awaited Alonzo upgrade. Due to stress testing and exchange integration, Hoskinson expects a rollout in mid-August. IOHK had previously penciled in a date of the end of March 2021 for this to happen. A five-month delay hasn’t gone down well with some sections of the community. Cardano Smart Contracts Won’t Be Ready This Month The Goguen phase is the great equalizer in terms of bringing smart contracts to Cardano. It was split into three development stages. First was Allegra, which enabled token locking; this laid the…

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Hoskinson: Partnership With SingularityNET is a Chance For Cardano to Become The Best

AI firm SingularityNET today announced a partnership deal with Cardano. Previously, SingularityNET operated exclusively on the Ethereum blockchain. As such, many have taken the news as a significant blow for Ethereum stakeholders. We're extremely excited to announce our collaboration with #IOHK @InputOutputHK, a company led by @Cardano founder Charles Hoskinson @IOHK_Charles. Review some of the motivations, synergies and possibilities underlying this collaboration here: https://t.co/v1Kf449JCn pic.twitter.com/ME1H3z1hJs — SingularityNET (@singularity_net) September 30, 2020 However, SingularityNET CEO Dr. Ben Goertzel said it was always in the plan to make SingularityNET multi-chain. While Ethereum does have scaling and cost issues, Goertzel made it clear…

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Cardano (ADA) Rally Could Gather Steam Above This Key Breakout Resistance

Cardano’s price rallied more than 8% and it broke the $0.1000 resistance. ADA is likely to accelerate higher once it surpasses the key $0.1050 resistance zone. ADA is up over 8% and it broke the $0.1000 resistance zone against the US dollar. The price is currently testing the $0.1050 resistance and trading above the 100 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $0.0872 on the 4-hours chart of the ADA/USD pair (data source from Bitfinex). The pair is likely to continue higher if it clears $0.1050 resistance and breakout zone.…

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Here’s How Low Cardano (ADA) May Plunge Before Starting Its Next Uptrend

Cardano (ADA) has been struggling to maintain its momentum in recent weeks, with the hype surrounding the launch of the Shelley mainnet upgrade beginning to fade. This has had dire implications for ADA’s price, which has been struggling to maintain the intense uptrend that it has previously been caught within. Analysts are noting, however, that the cryptocurrency is finally nearing what is being described as the “sweet spot” that may ultimately allow it to reverse its multi-week descent and begin forming a new leg higher. One analyst is specifically looking towards a 30% bounce in the near-term, which will only…

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IOHK Gives Date For Payout of Delayed Cardano Incentivized Testnet Rewards

Participants of the Cardano Incentivized Testnet (ITN) were expecting to receive reward payouts on August 3. A Shelley rollout plan had scheduled the payout days after the Shelley hard fork, on July 29th. While the Shelley mainnet launched without a fuss, the ITN rewards date came and went with no sign of a payout. Source: twitter.com Updates from IOHK on the matter were non-committal in terms of giving a firm date. But the latest information is that rewards will be redeemable from tomorrow. Boom https://t.co/rHWdlxJ2q7 — Charles Hoskinson (@IOHK_Charles) August 7, 2020 The market showed no significant reaction to the…

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Cardano Continues Building Steam by Concluding Project Renovare

The Cardano Foundation has unveiled a new-look website as part of its brand repositioning. This forms part of a company-wide initiative, called Project Renovare, to rebrand Cardano as it moves into the smart contract phase of development. In a blog post, PR and Communications team member Elliot Hill said the move was more than just updating the look. Rather, it’s also part of a strategy to grow the community and drive the adoption of Cardano. “… it is vital that both Cardano and the Cardano Foundation brand become synonymous with innovation, tenacity, and progress.” In conjunction with design experts McCann…

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Cardano (ADA) Shows Continued Signs of Weakness Despite Bullish Fractal

Cardano (ADA) has been one of the strongest major cryptocurrencies throughout the past year. The token has been posting consistent gains since the start of the year, which has been driven by massive inflows of new investors as well as some positive fundamental developments. One such development would be the recent Shelley mainnet upgrade, which has long been anticipated by investors. The successful implementation of this upgrade is expected to bring ADA’s usage and utility to the next level. Despite this strength, it has been facing some short-term technical weakness alongside Bitcoin and virtually all other major digital assets. After…

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Why Cardano (ADA) Founder Predicts Big Ecosystem Growth in 2021

IOHK CEO Charles Hoskinson shared his prediction for the future of the Cardano ecosystem, in which he sees a project rivaling Ethereum in terms of the number of assets and dApps running on the platform. This time next year I predict there will be hundreds of assets running on Cardano, thousands of DApps, tons of interesting projects and lots of unique use and utility. 2021 is going to be so much fun watching Cardano grow and evolve. The community is definitely ready to innovate — Charles Hoskinson (@IOHK_Charles) July 26, 2020 Cardano is on something of a roll of late.…

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Top 3 Cryptocurrencies Outperforming Bitcoin Amidst Altcoin Rally

While several trends in the past have evidently pointed out that the price of altcoins is heavily influenced by the price movement of Bitcoin, the latest data says otherwise. This week was eventful for altcoins as the price of almost every coin had witnessed a significant surge.  The Big Altcoin Price Rally Satoshi Nakamoto went ahead and gave the world its first-ever cryptocurrency, Bitcoin. This coin further paved the way for the launch of many other coins. Today there are more than a thousand cryptocurrencies excluding Bitcoin. These crypto-assets are identified as an alternative to Bitcoin popularly known as altcoins.…

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