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Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise

At press time, ADA was trading near $1.36, a 10.6% fall in the last 24-hour. Scaling solution Polygon's MATIC token fell 6% even as the network implemented Ethereum's fee-burning mechanism, which will destroy MATIC tokens making its supply deflationary. Solana's token SOL, binance token BNB, and ether each fell over 2%, while bitcoin traded 1% lower near $41,200, according to … [Read more...] about Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin Nears $41K as Bond Yields Rise

Cardano’s price has declined rapidly since the Alonzo upgrade

Ordinarily, when a crypto network sees an upgrade, its price tends to have a positive reaction, like it was seen during the launch of Ethereum’s EIP-1559 when the value of the asset rallied above the $3,000 mark again.However, in the case of Cardano, despite the implementation of its highly anticipated Alonzo upgrade that brought smart contract features to its blockchain, the … [Read more...] about Cardano’s price has declined rapidly since the Alonzo upgrade

Cardano’s Charles Hoskinson says Tether is “faith based,” making it inconsistent with crypto ideals

Input Output Global CEO Charles Hoskinson said in a recent ask-me-anything (AMA) Tether relies on faith, rather than impartial systems, making it counter to cryptocurrency ideals.He added that as much as regulation gets a bad rap, without it, there would be no checks on companies who make particular claims.With USDT liquidity supporting significant swathes of the cryptocurrency … [Read more...] about Cardano’s Charles Hoskinson says Tether is “faith based,” making it inconsistent with crypto ideals

If the peer review system is broken, what the hell is the point of Cardano’s reliance on it?

In a recent interview with Lex Fridman, Charles Hoskinson, the founder of Cardano and co-founder of Ethereum offered his views on Bitcoin. The 33-year-old was less than complimentary, calling it “slow” and in desperate need of an upgrade. Hoskinson also took issue with the recent Bitcoin conference in Miami, comparing the whole thing to a ridiculous religious movement.“I can't … [Read more...] about If the peer review system is broken, what the hell is the point of Cardano’s reliance on it?