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Cardano (ADA) Attempt to Break Above $0.4800: Latest News Summary

Cardano (ada) attempt to break above $0. 4800: latest news summary

Cardano (ADA) Attempt to Break Above $0.4800: Latest News Summary

Cardano (ada) attempt to break above $0. 4800: latest news summary

Per time of writing one of the only in the green among leading coins by market capitalization is Cardano (native token ADA  ranked 11th) counting 3.35% increase in the last 24-hours. Despite that it is lower compared to Yesterday (10th of March) the transaction volume of ADA is currently on the rise reaching for the big $40 mln ($39.1 mln present) on various crypto-exchanging platform.

Source: coinmarketcap

The pair ADA/USD is currently changing hands at $0.04666 and as it is standing on the rising on the hourly trading chart it is possible that in the coming days the value will test the major $0.4800 with the chance of breaking above the monthly declining trend while riding on the supportive trend.

Cardano (ADA) Latest:

– One of the three parties that make Cardano [ADA] the project that it is today – the venture and commercial arm EMURGO announced that it is planning to expand further into India via opening a blockchain academy.

Called EMURGO Academy – the institution targets to train developers that are interested into blockchain-crypto developing thus increasing adoption of block-tech. EMURGO’s academy aims at supplying talented developers with the tools needed to thrive in the blockchain industry.

– During YouTube’s Cryptocurrency Virtual Summit, the co-founder and creator of the 11th largest digital coin by market capitalization – Charles Hoskinson, also co-founder of Ethereum [coin lead by Vitalik Buterin], dug dipper into the progress which Cardano made until now since its debut and what kind of mindset does it take to run a project of this scale even during cold weather. According to Mr. Hoskinson, what stands the most out for him is the teachings that the road until now gave him and his team on how to introduce and make a cryptocurrency function in the market.

“The big accomplishment is just learning how to have a cryptocurrency in the market, learning how to have a product that can evolve at a reasonable pace, and being able to actually execute on the science, because the science is so very complicated and it’s all new protocols. And being able to actually go from the lab to a specification to code, and have a reasonable vision of how we’re actually going to roll that code out and ship it to people and get it to work. I think that that’s what I’m most proud of.”

Published at Mon, 11 Mar 2019 18:13:33 +0000

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‘Only Two Individuals’: CNBC Airs Rare Bitcoin Cash Criticism

CNBC has continued its confused cryptocurrency coverage with the airing of fresh criticism of bitcoin Cash and praise of bitcoin itself.


Najarian Turns Spotlight On Centralized bitcoin Cash

In stark contrast to the network’s recent standard angle, which has seen the overly forward support of the bitcoin Cash altcoin and warnings about bitcoin, a recent edition of its Half Time Report witnessed a conspicuous U-turn.

“The fact that bitcoin Cash is controlled… by two individuals – that is a huge difference from bitcoin,” Investite.com CEO Jon Najarian told presenters Thursday.

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CNBC recently hit the headlines when its Fast Money segment began publishing strongly-worded tweets about bitcoin Cash’s superiority, leading to suspicions of collusion between its staff and the altcoin’s executives.

Major proponent Roger Ver appeared twice on the network to plug bitcoin Cash and warn about bitcoin, and the Fast Money feed continues to publish material warding off potential bitcoin investors.

Najarian’s riposte thus marks a curious alternative perspective, something which did not go unnoticed in bitcoin circles.

bitcoin Can Be This And That

In the same segment, ARK Investment Management founder and CEO Catherine Wood also discredited bitcoin Cash as a reasonable alternative to BTC.

“Maybe it will do a hard fork, so it has both the store of value role and the means of exchange role,” she speculated.

The idea of bitcoin being both a currency and exchange instrument is beginning to find favor as a concept in more skeptical non-cryptocurrency circles this month.

Speaking on his own network, Business Insider CEO Henry Blodget suggested the most popular virtual currency could “have a glorious future and change the world” even if prices were to dramatically deteriorate.

Having previously said bitcoin had “no intrinsic value,” Blodget did not discredit the idea that bitcoin could go as low as $100 and fulfil critics’ belief that its price this year has been an archetypal financial bubble.

What do you think about CNBC’s bitcoin approach? Let us know in the comments below!


Images courtesy of AdobeStock

The post ‘Only Two Individuals’: CNBC Airs Rare Bitcoin Cash Criticism appeared first on Bitcoinist.com.

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