On Wednesday (August 31), Cardano-powered crypto lending startup Aada Finance announced that it is launching the Aada Finance V1 lending and borrowing protocol on the Cardano mainnet on September 13. The team’s press release, which was published on Cointelegraph earlier today, went on to say: “After months of public testnet, Aada...
Intense speculation has been circulating in the NFT community about falling NFT prices. The views have been echoed vastly by many blockchain experts on social media regarding the “first NFT bear market.” But lately, the blue-chip NFT collections are staging a comeback in the market. Consider this- the Bored Ape Yacht Club is showing strong signs of revival in the NFT market. At present, the BAYC collection is leading the 30-day sales volume charts according to CryptoSlam. It has accumulated over...
Chainlink, a popular oracle network, has been seeing a lot of interest from whales lately. According to WhaleStates, LINK has overtaken WETH to become the most traded asset for the top 500 ETH whales. The network has been down by 62.90% since April. Fortunately, the whale interest isn’t the only thing going for the token, there has been a spike in the activity of Chainlink holders as well. A huge spike in addresses with...
Cardano, the eighth largest cryptocurrency, prior to the much-anticipated Vasil hardfork, has laid out three critical indicators. Consequently, Cardano’s native token ADA witnessed some significant traction on the price chart.
Responding to claims that the stablecoin is not adequately backed by reserves, Tether described the allegations as ‘unsubstantiated conclusions’. After a Wall Street Journal article said there were doubts about the company’s reserves, Tether reacted with a clarification. A recent article in the publication said there was a long pending demand for the company’s audited information.
With the onset of the bear market, many short sellers have been trying to make a quick buck and are looking for a coin or a token to bet against. While betting against ETH and ADA may not be the best idea because of the upcoming Merge and hardforks, Polkadot does seem like the right fit. Polkadot may be a safe bet when it comes to shorting a cryptocurrency, as things haven’t been looking so good for Gavin Wood’s coin...
Input Output Global (“IOG”), the blockchain technology firm behind Cardano’s research & development, is giving $4.5 over three years to Stanford University for a blockchain research center named “Stanford IOG Research Hub”. According to Stanford University, the idea is to bring “IOG and inter-disciplinary academics from Stanford together...
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