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Cardano(ADA)

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$0.357098
(-1.23%)
0.00001297 BTC
Market Cap (Rank#7)
$12,399,522,059
450,498 BTC
Vol 24h
$138,158,224
5,020 BTC
Circulating Supply
34,723,070,380.88
Max Supply
45,000,000,000
7h ago cointelegraph
Crypto Biz: Mastercard opens network to USDC, OKX departs Canada, Bitcoin climbs
Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend.
8h ago cointelegraph
Price analysis 3/24: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and altcoins could see profit taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise.
12h ago cryptodaily
SWIFT Unveils Results of Blockchain Pilot – Is XRP Involved?
Interbank cooperative SWIFT announced the successful completion of its blockchain-based solution to reduce the costs associated with corporate actions. The Society for Worldwide Interbank Financial Telecommunications (SWIFT) announced that it successfully concluded an experimental solution to reduce the costly frictions associated with corporate actions. In partnership with 6 leading securities players, including @AmericanCentury, @Citi & @NorthernTrust, we've successfully trialled an innovative #blockchain solution to reduce costs & frictions in corporate actions. Check out the pilot results & next steps: https://t.co/8PFjKaNZo0 pic.twitter.com/kYO9koXLlN — Swift (@swiftcommunity) March 23, 2023 Together with six leading securities industry participants, including Citi, Northern Trust and American Century Investments, SWIFT completed a pilot of a blockchain-based solution that could reduce the costs associated with communicating significant corporate events to investors. The cooperative said that its solution could benefit the industry and provide a “clear and consistent” view of the corporate action process throughout the investor ecosystem, along with quickly providing alerts when changes or updates occur. SWIFT Completes Blockchain Solution to Reduce the Costs Associated with Corporate Actions When publicly traded companies share news of corporate actions with their investors, they depend on manual processes. The manual process of relaying this information often results in recipients receiving inaccurate or missing data. To address this issue, SWIFT partnered with Symbiont’s blockchain platform to automate and boost the accuracy of corporate action workflows. Jonathan Ehrenfeld, Securities Strategy Director at SWIFT, said: “Our analysis found that asset managers often receive notifications from up to 100 different sources about the same corporate event, and the data is often different or contradictory from one source to another.” Adding, “This means asset managers need to manually comb through the different sources to gain a single view of the event before they can make necessary decisions.” The program involved participants providing data extracts from corporate actions, which SWIFT’s Translator tool converted into a blockchain-system readable format. The data was then uploaded onto a dedicated platform developed for the pilot. The six participants performed peer-to-peer event comparisons with smart contracts matching common data fields and flagging unmatched data. A single accurate “shared copy” was created with composite data about a specific corporate action. Tom Zschach, Chief Innovation Officer at Swift, explained: Our experiments harnessed the power of blockchain technology to give all market participants a single, accurate view of a corporate action event. Could Ripple Be Involved? When news initially broke that SWIFT would pilot a blockchain-based cost-saving solution in partnership with Symbiont, the idea that Ripple may be involved was mentioned. The idea was fuelled by a 2015 press release announcing that Symbiont created a Ripple Gateway for Counterparty. The Ripple Gateway allows users to send XCP, Counterparty’s native token, or any other Counterparty asset. Mark Smith, CEO of Symbiont, said at the time: By being a member of the Ripple network, one may potentially become part of other users' trust networks'. Such trust networks guarantee, first of all, that one only does business with those whom one has explicitly chosen; and further, may allow you to exchange a wide range of currencies, including fiat. Users of Symbiont's gateway will naturally benefit from the trust networks Symbiont joins. The development of this gateway demonstrates Symbiont's development team's ability to work with any distributed ledger technology. Although Ripple purports to eventually replace cross-border settlements and payments such as SWIFT-based bank transfers and Western Union payments, we might see a partnership soon arise. As SWIFT finally embraces the power of blockchain technology, it would be plausible to think that it might collaborate with an established cross-border payment solution such as Ripple. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
13h ago zycrypto
ADA Gets Huge Adoption Boost After Cardano’s Commercial Arm Strikes A Huge Partnership In Thailand
Cardano’s commercialization arm Emurgo has entered into a partnership with Bitkub exchange, the largest crypto exchange in Thailand, and its digital asset education hub, Bitkub Academy.
14h ago cryptopotato
LiteFinance Launches New Competitions and Promotions
[PRESS RELEASE – Limassol, Сyprus, 24th March 2023] ECN broker LiteFinance has unveiled a new selection of contests and bonus programs. Participants can win valuable prizes and also receive a tradable bonus to their account. New LiteFinance customers can participate in the monthly Best of the Best demo contest with a prize pool of $10,000. […]
14h ago cryptodaily
Coinbase-Backed Decentralized Social Blockchain (DeSo) Revolutionizes with New Proof of Stake System
Los Angeles, California, 24th March, 2023, ChainwireDeSo, the decentralized social media blockchain, has introduced a groundbreaking Proof-of-Stake (PoS) system, setting a new standard for the industry. This innovative technology promises to revolutionize and build upon the successes of previous Proof-of-Stake systems, providing greater energy efficiency and security while making its native currency, $DESO, deflationary.Implementing this new Proof-of-Stake system marks a significant milestone for the DeSo Blockchain, a new layer-1 that raised $200 million from Sequoia, Andreessen Horowitz, Coinbase Ventures, and more.DeSo's state-of-the-art system combines and refines all of the best elements of earlier PoS systems, including Tendermint, HotStuff, DiemBFT, Ethereum, Solana, Avalanche, and Flow.It was aptly named "Revolution" because of its revolutionary new features that build on the successes of previous mechanisms of other leading layer-1 blockchains. One of the most exciting new features is a new concept called Revolt."Revolution represents a major breakthrough in the blockchain industry. Our new concept, Revolt, not only makes Revolution one of the most censorship-resistant systems in existence but also addresses a major issue with existing smart-contract systems - miner-extractable value,'" said Nader Al-Naji, founder of DeSo.Nader Al-Naji added, "We're excited to introduce roughly a dozen distinct breakthroughs over existing proof-of-stake mechanisms with Revolution. These breakthroughs are arguably worthy of their own distinct academic paper." Al-Naji's statement highlights the significant advancements that Revolution has made and its potential to drive innovation in the blockchain space.Like the Ethereum PoS system, DeSo's Revolution PoS requires validator nodes to lock up a deposit of $DESO on the network to participate in consensus. Using crypto as collateral compels the nodes to behave appropriately and helps keep the network secure.Other exciting features include:Maximum deflation, where transaction fees are burned to the maximum extent possible, making $DESO deflationary.Revolution Rule, which automatically times out leaders that are censoring the mempool transactions.Sovereign staking, where users only need to lock their $DESO for roughly three hours, significantly improving security.The white paper has yet to be released but will be very soon. Users can read more about DeSo's Revolution Proof-of-Stake here.Exciting times lie ahead for the decentralized social media blockchain as it gears up to release a series of groundbreaking innovations on top of Revolution Proof-of-Stake.DeSo is changing how we interact with social media with upcoming launches such as DeSo Drive and The Decentralized Web. DeSo Drive provides users with a faster, cheaper, and more secure alternative to Google Drive, while The Decentralized Web lays the foundation for a fully-decentralized internet that is accessible to everyone.These innovations embody DeSo's bold new vision for the future of social media and the internet."As a team, we remain focused on our mission to move away from a world where a handful of megacorps control our information," said Nader Al-Naji, founder of the DeSo blockchain. Nader Al-Naji added, "With the launch of Revolution, DeSo Drive, the Decentralized Web, and our other upcoming launches, we're not just building a better blockchain. We're building a technological foundation that we believe will ultimately replace the current platform monopolies that custody all of our sensitive data today." Al-Naji's statement emphasizes the long-term vision of the DeSo team to create a more decentralized and user-centric future for the internet.This is just the latest in a string of successes for DeSo that recently saw them launch MegaSwap, which allows instant, cross-chain swaps for Bitcoin, Ethereum, Solana, USDC, and soon to be many more currencies.Additionally, DeSo just went live with Openfund, a breakthrough fundraising platform that allows entrepreneurs to launch tradeable coin-backed fundraising rounds open to anyone in the world. Users can learn more about DeSo and claim their decentralized, censorship-resistant profile here.About DesoDeSo is a new layer-1 blockchain built from the ground up to decentralize social media and scale storage-heavy applications to billions of users. It raised $200 million and is backed by Sequoia, Andreessen Horowitz, Coinbase Ventures, Social Capital, Polychain Capital, Winklevoss Capital, Pantera, and other blue chip funds.ContactGrowth Marketing LeadAsh GhaemiDeSo [email protected]
15h ago cryptodaily
The Best Crypto Staking Pools: Which One to Choose
Now that you have dived into the world of blockchain and its virtual asset and got some experience, we recommend it's time you do some staking! In a nutshell, participants with the largest number of tokens have a higher chance of being selected to validate transactions in a Proof of Stake (PoS) network. Stake pools are a medium that help crypto holders with smaller stakes participate in staking that will increase the likelihood of getting rewards. Today, we have summarized the best crypto staking pools available in the market for your ease. Let’s take a look at our top five recommendations: Everstake Supported cryptocurrencies:37 different coins and tokens. APY:Depends on the cryptocurrency. Lock-up period:Depends on the cryptocurrency. Payout frequency:Depends on the cryptocurrency. Type:Non-custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. Everstake is a responsible validator that claims to be trusted by 625k+ users across 70+ blockchain networks. The platform, currently running over 8,000 nodes, creates liquid staking products. As a non-custodial solution, users can stake directly from their respective crypto wallets. Whether you are an institutional investor or an individual token holder, you can get 5% - 20% profit annually by staking with Everstake, with transparency of rewards. P2P Supported cryptocurrencies:26 different cryptocurrencies. APY:between 4% and 50%. Lock-up period:Depends on the cryptocurrency. Payout frequency:Depends on the cryptocurrency. Type:non-custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. P2P provides secure non-custodialstaking servicesfor professional investors, allowing token holders to participate in staking without the heavy lifting of running a node. The platform has grown to manage +$1.5 billion in staked assets across more than 25,000 investors and 25+ unique blockchain networks. Stake ETH, DOT, SOL, ATOM, XTZ, ADA and all key tokens with P2P. With an average uptime of 99%, P2P ensures that your rewards are generated continuously whilst mitigating performance-related risks. LYOTRADE Supported cryptocurrencies:LYO Credit (LYO) and USDT. APY:24% to 50% Lock-up period:Depends on the cryptocurrency, but ranges from 360 days to 720 days. Payout frequency:Depends on the lock-up period. Type:Centralized, with DEX Swap feature. Additional rewards:The LYO Credit token earns rewards through inflation, or community rewards, versus staking. With inflation, new tokens are added to the network at a rate determined by the protocol, and those tokens are then distributed to holders as rewards. Minimum/maximum staking amount:Depends on the cryptocurrency. LYOTRADE is a centralized cryptocurrency exchange that offers a high liquidity system connected to 300 exchanges, and about 30 risk control mechanisms along with offering DEX Swap service. LYO Credit (LYO) staking up to 50% yearly, and Tether (USDT) up to 24% yearly. When you stake LYO Credit on LYOTRADE, you can get anannual interest rate that starts from 1.5% to 36%, making it one of the preferable choices of tokens to select from for your skating experience. Kraken Supported cryptocurrencies:16 different cryptocurrencies, includingUSDTand all major coins. APY:Depending on the cryptocurrency between 2% for stablecoins and 23% for altcoins. Lock-up period:Depends on the cryptocurrency. Payout frequency:Twice a week. Type:Custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. Kraken is a United States–based cryptocurrency exchange, with over 30 different cryptocurrencies and seven different fiat currencies available for trading. At Kraken, you can earn up to 24%yearly on your crypto. With a wide range of supported assets, you can receive staking rewards up to twice a week, even on Bitcoin. Kraken is acustodialstaking solution, which means that the exchange will be in control of your private key while it is staking your coins. Binance Supported cryptocurrencies:Over 120 different cryptocurrencies. APY:Depending on the cryptocurrency. Lock-up period:Between 15 and 120 days. Payout frequency:Daily. Type:Custodial. Additional rewards:No. Minimum/maximum staking amount:Depends on the cryptocurrency. Binance is the world’s biggest cryptocurrency exchange and the biggest provider of custodial staking solutions. Binance DeFi Staking acts on behalf of users to participate in certain DeFi products, obtains and distributes realized earnings, and helps users to participate in DeFi products with a single click. The platform allows users to obtain generous online rewards without keeping an on-chain wallet. Binance Staking deposits users’ funds into smart contracts on users’ behalf, saving users on-chain gas fees. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
22h ago cointelegraph
Greenpeace war on Bitcoin unintentionally spawns 'badass' new mascot
Greenpeace’s “Skull of Satoshi” artwork highlights their gripes with Bitcoin’s consensus mechanism, but Bitcoin supporters adopted it as a new mascot.
1 day ago nulltx
High Growth Potential: Cardano (ADA), Solana (SOL), Binance Coin (BNB), and Orbeon Protocol (ORBN) Set to Make Waves in 2023
As the cryptocurrency market continues to evolve at a breakneck pace, four major players—Cardano (ADA), Solana (SOL), Binance Coin (BNB), and Orbeon Protocol (ORBN)—are poised to make a significant impact in 2023, offering high growth potential for investors. Among them, Orbeon Protocol (ORBN), a decentralized investment platform, is revolutionizing the crowdfunding and venture capital sectors […]
1 day ago cryptodaily
NFT Collection The GOAT Society Price, Stats, and Review
What is an The GOAT Society? The GOAT Society are a non-fungible tokens collection built on the Ethereum network launched in 6 November, 2021. 7,805 items of the The GOAT Society collection can now be viewed at OpenSea. How many owners does the The GOAT Society collection have? The total number of owners has reached 3154 within 500 days since its release. NFT Collection The GOAT Society Price and Sales The market capitalization of The GOAT Society NFT collection is 77.27 ETH. Since created the The GOAT Society, 7,746 collections sales were made at an average price of 0.14 ETH (~$249.72 at the time of writing). This created a total volume in 1,114.014 ETH. The floor price of The GOAT Society is 0.01 and the 30-day trading volume is kept at 0.46 ETH. The payment tokens of the The GOAT Society collection are ETH, WETH. Why are some NFTs expensive and others not? NFTs are very new to the blockchain ecosystem and are still in their infancy. It is an emerging market meaning there is no historical data or precedence that can assist in determining the value of an NFT. NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage. These “established” NFT projects have also had the opportunity to improve and learn from the issues that have plagued the NFT market and have, in such a way, made themselves more valuable. When the NFT boom took flight, many people realized profits beyond their wildest dreams, creating a space for opportunists to take advantage of the market growth. While some NFTs can be considered digital art, created by an artist who recognizes the value NFTs can add to the creative space, others have been made purely out of greed and a need to exploit the immense market growth. NFT projects that stem from greed and exploitation often have no value and are ultimately garbage. Is the The GOAT Society Collection Over or Underpriced? It is difficult to determine whether NFTs from the The GOAT Society collection is overpriced or underpriced. Making such an assessment will become clearer when the market for NFTs and metaverses develops more actively. The price is also influenced by how the The GOAT Society collection is developed and promoted by its creators and community. The GOAT Society NFT Collection Examples Goat Society #1 Goat Society #14 Goat Society #18 Goat Society #7 The GOAT Society fees Buyer fee to dev: 0 basis points Seller fee to dev: 1000 basis points Buyer fee to opensea.io: 0 basis points Seller fee to opensea.io: 250 basis points Buyer fee: 0 basis points Seller fee: 1250 basis points The GOAT Society editors list The approved editor's accounts of The GOAT Society collection are 0x7a984c84f0fafadaab7d0395e6abe560e26ff370. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day ago cryptodaily
NFT Collection The Divine Order Of the Zodiac Price, Stats, and Review
What is an The Divine Order Of the Zodiac? The Divine Order Of the Zodiac are a non-fungible tokens collection built on the Ethereum network launched in 6 July, 2021. 9,994 items of the The Divine Order Of the Zodiac collection can now be viewed at OpenSea. How many owners does the The Divine Order Of the Zodiac collection have? The total number of owners has reached 3518 within 622 days since its release. NFT Collection The Divine Order Of the Zodiac Price and Sales The market capitalization of The Divine Order Of the Zodiac NFT collection is 115.55 ETH. Since created the The Divine Order Of the Zodiac, 11,472 collections sales were made at an average price of 0.09 ETH (~$164.81 at the time of writing). This created a total volume in 1,088.911 ETH. The floor price of The Divine Order Of the Zodiac is 0.012 and the 30-day trading volume is kept at 2.25 ETH. The payment tokens of the The Divine Order Of the Zodiac collection are ETH, DAI, WETH, USDC. Why are some NFTs expensive and others not? NFTs are very new to the blockchain ecosystem and are still in their infancy. It is an emerging market meaning there is no historical data or precedence that can assist in determining the value of an NFT. NFT projects that started at the beginning of the market boom have garnered legitimacy purely because they had a first-mover advantage. These “established” NFT projects have also had the opportunity to improve and learn from the issues that have plagued the NFT market and have, in such a way, made themselves more valuable. When the NFT boom took flight, many people realized profits beyond their wildest dreams, creating a space for opportunists to take advantage of the market growth. While some NFTs can be considered digital art, created by an artist who recognizes the value NFTs can add to the creative space, others have been made purely out of greed and a need to exploit the immense market growth. NFT projects that stem from greed and exploitation often have no value and are ultimately garbage. Is the The Divine Order Of the Zodiac Collection Over or Underpriced? It is difficult to determine whether NFTs from the The Divine Order Of the Zodiac collection is overpriced or underpriced. Making such an assessment will become clearer when the market for NFTs and metaverses develops more actively. The price is also influenced by how the The Divine Order Of the Zodiac collection is developed and promoted by its creators and community. The Divine Order Of the Zodiac NFT Collection Examples Divine Order of the Zodiac #0 Divine Order of the Zodiac #1 Divine Order of the Zodiac #2 Divine Order of the Zodiac #3 The Divine Order Of the Zodiac fees Buyer fee to dev: 0 basis points Seller fee to dev: 500 basis points Buyer fee to opensea.io: 0 basis points Seller fee to opensea.io: 250 basis points Buyer fee: 0 basis points Seller fee: 750 basis points The Divine Order Of the Zodiac editors list The approved editor's accounts of The Divine Order Of the Zodiac collection are 0x725d49ada4813aec83c3558f0a1aab85ab01846b, 0xe5d009bbce5a5d7ab9c6c2b1b0a56f9b98297cff. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day ago coindesk
Metaverse NFT Trading Volume Hit New All-Time High, DappRadar Says
Virtual land trading spiked this past quarter with 147,000 trades generating $311 million in trading volume, according to a new report.
1 day ago cryptodaily
Terraform Labs Co-Founder Do Kwon Arrested in Montenegro
Do Kwon, co-founder of Terraform Labs, has reportedly been arrested in Montenegro. Kwon has been on Interpol and South Korean authorities’ radar for his alleged involvement in the collapse of the Terra ecosystem. The Minister of the Interior of Montenegro, Filip Adzic, announced in a post that an individual suspected of being Do Kwon had been arrested in the Podgorica region on March 23. Following the announcement, local media outlet Vijesti confirmed that the Twitter account that posted the news belonged to the minister of interior of Montenegro. The person arrested was a South Korean national. Adzic tweeted: Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs. Kwon was reportedly detained at the Podgorica airport with falsified documents. The International Criminal Police Organisation (Interpol) and South Korean authorities were on the hunt for Kwon for his alleged role in the collapse of the $40 billion Terra Luna (LUNC) and Terra USD (USDT) ecosystem in May 2022. Kwon became an internationally wanted man when Interpol issued a red notice on him in September. Interpol’s red notice came only weeks after a court in South Korea issued an arrest warrant for the founder, alleging that he violated the Capital Markets Act. Montenegro is geographically south of Serbia and shares a border with the Balkan nation. In December, it was reported that Kwon was hiding in Serbia. Serbia and South Korea do not share an extradition treaty. At the time, prosecutors indicated that Kwon fled to Dubai as a stopover after he exited Singapore. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
1 day ago cointelegraph
How to stake Cardano (ADA)
Users can earn staking rewards by delegating the staking process to Cardano staking pool operators via reputable exchanges.
1 day ago cointelegraph
Chainalysis breaks down how scammers adapt during the bear market
As crypto traders became wary of making investment decisions amid the Terra collapse in 2022, scammers shifted to free giveaways and romance scams.
2 days ago cointelegraph
Price analysis 3/22: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Technical charts are beginning to suggest that BTC is at the end of its bear market cycle, and traders believe this could yield positive results for most altcoins.
2 days ago cointelegraph
Why is Cardano price up today?
Cardano whales are largely behind ADA's price rally in the last week, helped by Bitcoin's multi-month highs amid the banking crisis and Fed pivot hopes.
2 days ago cryptopotato
XRP, ADA Explode by Double Digits, Bitcoin Stable at $28K: Market Watch
Ripple jumped to a multi-month high of its own after soaring by 16%.
3 days ago cryptodaily
Fall In Love With DigiToads (TOADS): The New Holy Grail of the P2E Market
With new coins and initiatives appearing daily, the cryptocurrency industry is in a perpetual state of flux. One of the latest trends in the market is the rise of play-to-earn tokens, which allow users to earn rewards while playing games. Speculators consider play-to-earn tokens as viable investment prospects due to their rising popularity. Visit DigiToads Website Why is a Play-To-Earn token a good investment? Play-to-earn tokens have several benefits that make them an attractive investment option. Firstly, they provide users with an enjoyable and entertaining way to earn rewards. Unlike traditional investments, which can be time-consuming and complex, play-to-earn tokens allow users to cash out while having fun. Secondly, these tokens are often highly innovative and are designed to leverage the latest blockchain technology. This makes them highly scalable and able to adapt to changing market conditions. Moreover, play-to-earn tokens often have strong communities and are highly decentralized, less prone to manipulation, and market volatility. >> Buy DigiToads Now << DigiToads - Introducing the revolution in the P2E market One of the most exciting new P2E tokens on the market is DigiToads (TOADS). DigiToads is a meme coin with a unique web3 game in its ecosystem. TOADS is the native token of DigiToads, and it can be used to buy in-game items, TOAD NFTs, which serve as digital pets in the game, train these pets, combat, and compete for ranking in the top 25% of players to earn rewards. What sets DigiToads apart from other play-to-earn tokens is its innovative reward system. Players who make it to the top 25% of the game are rewarded with the prize fund raised from in-game sales. The top 25% of players receive 50% of the prize fund proportionally, while those who do not rank in the top 25% still receive prizes of 10% of the prize funds. This reward system ensures that players are incentivized to play and improve their skills while ensuring that all players are rewarded for their efforts. In addition to its innovative reward system, DigiToads has several other features making it an attractive investment option. DigiToads is a DAO, meaning that community decisions govern it. Therefore, the community will decide on the main mascot of the project through a meme competition DigiToads will host on its social channels. Furthermore, TOAD NFT holders can stake their NFTs for higher passive revenue. The NFT staking pool is supported by a 2% tax for each transaction, and whoever stakes longer gets a bigger share. TOAD NFT also serves as a ticket for Toad School. Whoever holds three or more NFTs gets access to an advanced trading course held by the masters. DigiToads is also committed to wildlife protection. 2.5% of the project's profits will directly support charity organizations that protect and recover the Amazon rainforest. DigiToads will also have its own digital merchandise, and 100% of the profits from the merch will support the charity organizations for the Amazon forest. DigiToads is scheduled to launch on Uniswap after ten presale stages, each concluding with a price increase. The project team has also revealed plans to release their DEX once the community and project popularity expands. Therefore, room for growth in DigiToads is large, and joining early means reaching financial freedom in the nearest future. Bottom line With its unique features and innovative reward system, DigiToads is quickly becoming the new holy grail of the play-to-earn market. Its strong community and commitment to innovation and sustainability make it a compelling investment opportunity for those wishing to diversify their portfolio and earn rewards while having fun. So, fall in love with DigiToads and join the exciting world of play-to-earn tokens today! USE CODE: FINTECH10 FOR 10% EXTRA TOKENS ON YOUR NEXT DIGITOADS PURCHASE For More Information on DigiToads: Visit The Website: https://digitoads.me/cdy Join The Community: Linktr.ee/digitoads Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
3 days ago cryptodaily
OKX Plans To Shutter Canadian Operations By Mid-2023
Cryptocurrency exchange OKX has announced that it will shutter its operations in Canada by June 2023 due to growing regulatory issues arising in the country. OKX is currently the 8th largest cryptocurrency exchange in the world and is headquartered in Malta. End Of Canadian Operations OKX informed its users about the developments and its plans to shut operations in Canada via email, stating that users based in Canada will no longer be provided services or be able to open new accounts from the 24th of March, 2023. The exchange advised users to close all open options, along with margins, perpetual, and futures positions, by the 22nd of June, 2023. It also added that all fiat deposits must also be withdrawn by the dates it has communicated. The exchange stated in its email, &ldquo;OKX will no longer provide services or allow users to open new accounts in Canada starting on the 24th of March, 2023, 12:00 AM EST. &ldquo;Your funds will remain safe in your account until you withdraw them. You will be able to withdraw dollars to your linked bank account and cryptocurrency to your self-custody wallet or your cryptocurrency account on another exchange.&ldquo; The exchange stated that its withdrawal from Canada is only temporary and that it will continue to work with regulators to solve the problem around its operations. Staff stated that they hoped to see their customers again soon. Recently, cryptocurrency announced that it was halting operations in Canada and off-boarded its users in Canada on the 29th of July, 2022. The exchange, like OKX, gave advance notice to its users about its intentions to stop operations and cited unfavorable regulatory developments as reasons for the move. Growing Regulatory Concerns Like Bittrex Global, OKX also highlighted growing regulatory issues as the reason for its move to halt operations. However, it has not stated what rules led to its decision and how it was engaging with the authorities. The Canadian Securities Administrators (CSA) had, on the 22nd of February, published a notice stating that crypto exchanges were required to sign new, legally binding undertakings while registering. The new undertakings cover several items, including prohibiting the purchase or depositing of Value Referenced Crypto Assets or stablecoins through crypto contracts without the prior consent of the CSA. According to the CSA, these undertakings would enhance investor protection. The notice stated, &ldquo;If a CTP is unable or unwilling to provide an enhanced pre-registration undertaking, the CSA expects it will take appropriate action to off-board existing Canadian users and impose restrictions to prevent Canadian users from accessing its products or services.&rdquo; Crackdown On Exchanges Regulatory authorities have launched a major crackdown on cryptocurrency exchanges operating in Canada, pushing a host of new regulatory hurdles. As of January, none of the top ten cryptocurrency exchanges by market capitalization were authorized to operate in Canada. Crypto exchanges KuCoin and Poloniex are entirely banned from operating within Canadian borders. Cryptocurrency exchanges that wish to onboard users in Canada are also required to register with regulators. On the 22nd of June, 2022, ByBit and KuCoin were fined millions of dollars by the Ontario Securities Commission after it determined that both platforms were operating in a non-compliant manner in the country. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days ago cryptodaily
Flagstar to Take Over Signature Bank's Deposits
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4 days ago cointelegraph
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About Cardano?

The live price of Cardano (ADA) today is 0.357098 USD, and with the current circulating supply of Cardano at 34,723,070,380.88 ADA, its market capitalization stands at 12,399,522,059 USD. In the last 24 hours ADA price has moved -0.012753 USD or -0.03% while 148,833,805 USD worth of ADA has been traded on various exchanges. The current valuation of ADA puts it at #7 in cryptocurrency rankings based on market capitalization.

Learn more about the Cardano blockchain network and how it works or follow the price of its native cryptocurrency ADA and the broader market with our unique COIN360 cryptocurrency heatmap.

Launched in 2107 by Charles Hoskinson, one of Ethereum’s co-founders, ADA is the native coin of Cardano, a decentralized proof-of-stake (PoS) blockchain platform. The token is named after Ada Lovelace, a 19th-century mathematician and computer programmer. Cardano’s development is collectively supervised and overseen by Emurgo, IOG (Input Output Global) and the Swiss-based Cardano Foundation.

Cardano dubs itself as the third-generation blockchain which aims to solve the scalability and inefficiency issues of its proof-of-work predecessors, namely – BTC and ETH – in an eco-friendly way. It facilitates easy creation, deployment and running of smart contracts and DApps, thereby directly rivaling Ethereum. Cardano network is positioned towards "changemakers, innovators and visionaries" in the Web3.0 space.

However, the project is not without its detractors and is often criticized for its slow pace of development and an overly academic approach.

While the ADA cryptocurrency can be actively used for secure exchange of value without any third-party mediation, each ADA holder receives a stake in the Cardano network too and can participate in its governance. Holders can also delegate or pledge their ADA coins to a staking pool and earn rewards. The coin is also actively used to pay transaction fees on the Cardano network.

ADA price

ADA price remained in the vicinity of $0.02 post its launch in September 2017. This was the time when the crypto market was gearing up for a major bull run. The timing proved just right for ADA coin, and it rallied on to hit an all-time high of around $1.3 on Jan. 4, 2018. 

However, a gradual downtrend followed soon after, which spiraled into a market-wide bearish phase by mid-2018. This bearish trend continued for almost two years, with ADA price staying under $0.10 for the most part and even trading below $0.02 during the March 2020 market crash. 

According to our ADA live chart, the coin started to show some signs of revival only around July 2020 and breached the $0.15 resistance after a long time on July 26. This price resurgence occurred shortly after Cardano blockchain’s second development phase ‘Shelley’ went live in June 2020.

Thereafter, the ADA price chart mostly moved sideways up until late 2020, gathering momentum around January 2021. Buoyed up by a crypto market boom, ADA coin closed in on $2.5 for the first time on May. 16, 2021. The excitement was short-lived, however, and it began testing the newly-formed $1 support level in the months that followed.

Cardano’s third development stage ‘Goguen’ was announced in August 2021, and was scheduled to launch through the Alonzo hard-fork in September 2021. This stage was meant to introduce smart contracts functionality on the Cardano blockchain. The news caused a significant surge in ADA price once again, catapulting it to an ATH of $3.1 on Sept. 2, 2021. ADA’s fully diluted valuation stood at well over $135 billion that day. After that the coin lost a fair bit of ground and continued to trade around $1 during Q1, 2022.

How ADA works

ADA’s blockchain features two different layers, each responsible for different tasks, so as to improve its overall efficiency. These are:

Cardano Settlement Layer (CSL) - which facilitates the settlement of ADA transactions, and the Cardano Computational Layer (CCL) - used for the execution of smart contracts.

Cardano employs an "environmentally sustainable, verifiably secure" proof-of-stake consensus protocol called Ourobros. Ouroboros has a time-period system referred to as ‘epochs’ for verifying transactions and creation of new blocks. Each epoch lasts 5 days and comprises 21,600 units of 20-second time frames called ‘slots’. A different stake pool is randomly picked up as the ‘slot leader’ for each slot, and is tasked with the block creation activity for that timeframe.

Given their differences, PoS blockchains consume negligible energy as compared to their PoW counterparts. In February 2021, Charles Hoskinson estimated that Cardano blockchain uses 6GWh of power per year, which is less than 0.01% of Bitcoin network’s 110.53 TWh consumption.

ADA news, updates and highlights

The Cardano team follows a clearly laid out roadmap for the protocol’s continuous development, which is collectively overseen by three different entities – IOG (Input Output Global), Cardano Foundation and Emurgo.

In September 2021, Cardano launched a significant upgrade via the Alonzo hard fork and introduced smart contracts as part of its third, "Goguen" stage. 

Thereafter, in February 2022, Cardano achieved a noteworthy adoption milestone as the number of ADA wallets crossed the 3 million mark. This was a major improvement from around 190,000 wallets recorded in December 2020. 

In other ADA news, the blockchain platform announced in March 2022 that its much-anticipated Vasil hard fork will be implemented in June 2022. This Cardano update is expected to help the network further enhance its transaction throughput by increasing the block size.

Frequently asked questions about ADA

  • Can you mine or stake ADA?

While it's not possible to mine ADA, you can stake it to earn handsome rewards. This can be done by either delegating or pledging your ADA to a stake pool.

  • What are some of the best ADA wallets?

Cardano recommends its native Daedalus or Yoroi desktop wallets for ADA storage. Some other popular ADA wallets include Ledger Nano X, Trezor Model T and the Exodus Wallet. 

  • What can you do with ADA?

You can use ADA to pay for transactions on the Cardano network and/or trade it with other cryptocurrencies on exchange platforms. Alternatively, you may also stake your ADA coins to earn staking rewards.

  • How to buy ADA?

You can buy ADA on almost any well-known cryptocurrency exchange, using crypto or fiat currencies. 

Cardano Price0.357098 USD
Market Rank#7
Market Cap12,399,522,059 USD
24h Volume138,158,224 USD
Circulating Supply34,723,070,380.88 ADA
Max Supply45,000,000,000 ADA
Yesterday's Market Cap12,349,699,610.14 USD
Yesterday's Open / Close0.368416 USD / 0.355663 USD
Yesterday's High / Low0.368743 USD / 0.353279 USD
Yesterday's Change
-0.03% ( 0.012753 USD )
Yesterday's Volume148,833,804.65 USD
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