Tag: Cardano

Bitcoin Inches Toward $29K; Cardano Leads Gains Among Crypto Majors

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Cardano launches wrapped bitcoin (cBTC) on its anetaBTC testnet 

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cardano has successfully launched a wrapped bitcoin (BTC) token dubbed cBTC on its anetaBTC testnet. The move is aimed at attracting bitcoin users to Cardano’s DeFi ecosystem.  cBTC goes live on the anetaBTC testnet  In a bid to attract bitcoin (BTC) liquidity to its burgeoning decentralized finance (DeFi) ecosystem, Cardano, the blockchain network powering ADA, the world’s 7th-largest cryptocurrency has introduced wrapped bitcoin (cBTC) on its anetaBTC testnet. According to the team, the new wrapped bitcoin…

Polygon, Cardano and Solana See Rise in NFT Sales

It appears the overall NFT market has cooled amid an extended crypto winter, with a handful of collections eliciting brief spikes in trading over the past few months. According to a Dune dashboard by SeaLaunch, the number of unique users across top NFT marketplaces including Blur, OpenSea and LooksRare fell to 7,805 on April 19, a low not seen since July 2021. The number of sales across NFT marketplaces also fell sharply, with 16,149 sales recorded on April 19, according to the same data from Dune. The last time the…

How to stake Cardano (ADA) in a self-custodial wallet

Cardano is one of the largest layer-1 blockchain solutions by market capitalization. The project is being driven by Input-Output (a Charles Hoskinson company), Emurgo and the Cardano Foundation. The chain was named after the Italian mathematician Gerolamo Cardano and its token ADA is named after the 19th-century mathematician Ada Lovelace. Cardano uses Ouroboros, a proof-of-stake (PoS) consensus mechanism where ADA holders can delegate their funds to stake pools. The cumulative stake allows each pool to verify transactions, create blocks and govern the network. Ouroboros uses cryptography, combinatorics, and mathematical game…

IOHK and MELD join forces to address the Cardano transaction Problem

Input Output Hong Kong (IOHK), a blockchain research and development business, has partnered with MELD, a DeFi protocol based on the Cardano blockchain.  The goal of this collaboration is to fix a problem that is hurting Cardano transaction processing on the preprod testnet. In a tweet, IOHK expressed gratitude to MELD for bringing the issue to their notice and indicated it is working closely with the MELD team to solve the problem. MELD discovered the vulnerability after a comprehensive security examination of its lending and borrowing protocol on the blockchain, which led…

Cardano delays due to betting on wrong tech, ambitious roadmap

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Charles Hoskinson, the co-founder of Ethereum and founder of Cardano, joins Elisha Owusu Akyaw on episode 14 of Cointelegraph’s Hashing It Out podcast to discuss the current state of crypto and take a deep dive into Cardano. Hoskinson gives his perspective on the recent happenings in the industry,  crypto adoption in Africa and more. He also addresses issues surrounding Cardano, including delayed updates.  The show begins with Hoskinson’s explanation of why there was a need to create Cardano. Hoskinson explains that even though creating a new network involves rebuilding the network effect,…