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Cardano [ADA] Onboarded By Swiss-based Crypto Investment Firm

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Cardano scores entry in SwissBorg, a Switzerland-based crypto investment solution, the announcement read. Besides ADA, the SwissBorg app has listed XRP, Polygon [MATIC], SushiSwap [SUSHI], Solana [SOL], and other cryptocurrencies.

Additionally, the crypto platform also offers users the opportunity to receive a daily income on the amount of cryptocurrency they have invested.

It also claims to provide competitive pricing and liquidity from a variety of exchanges, including Binance and Bitfinex, with the use of its Smart Engine function.

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Cardano [ADA] Onboarded By Swiss-based Crypto Investment Firm 2

In times of high volatility, when price disparities between different crypto trading platforms might be quite pronounced, such a tool might be useful.

That said, ADA is riding high on its most ambitious upgrade as evidenced by its numerous adoption across multiple digital assets platforms.

As reported by TronWeekly, ADA was picked up by the Japanese wing of one of the world’s largest crypto exchanges, OKCoin to start spot trading of the token against Japan’s national currency, the yen.

In a related development, Cardano went online as a collateral cryptocurrency on the futures platform of the US-based trading platform Kraken.

Less than a month ago, the token landed in the world’s leading dApp analytics platform DappRadar. Announcing the same via Twitter, the Lithuania-based service, urged developers who are working on Cardano to submit their contracts.

Just recently, Bitfinex, a state-of-the-art digital token trading platform has announced integrating Cardano’s Vasil hard fork, as per the post. Not only that, the world’s largest digital asset exchange Binance, has too declared its support for the PoS blockchain’s new upgrade.

Cardano’s Plutus V2 Went Live

In another key update, the Plutus V2 pricing model was successfully posted to the mainnet by the IOG team on September 23, indicating that developers would have access to the full Vasil capability on September 27, an”important” day for the Cardano blockchain.

This represents a huge accomplishment for the Cardano network as the full functionality of Vasil, including support for reference inputs, inline datums, reference scripts, collateral outputs, and a new Plutus pricing model, will be made available to developers on the mainnet.

The Plutus V2 Cost Model network upgrade is scheduled to take place at epoch 366, or on approximately Sept. 27, at 9:45 p.m. [UTC]. 

Cardano Vasil upgrade: Holy Fork! It’s live!

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Both the Merge and the Vasil hard fork were eagerly awaited by the cryptocurrency community. While the Cardano ecosystem was still working to deploy the Vasil upgrade, the Ethereum network had just finished up and launched the Merge.

It should be noted that this improvement was originally planned to happen in July. The Vasil hard fork was scheduled to occur on 22 September 2022, after a delay. The Vasil upgrade, however, kept to its word and went live without any issues. 

Today, the world saw the official launch of the Cardano Vasil Hard Fork update. The update has been eagerly anticipated by ADA holders and users of the Cardano Blockchain.

Cardano will enhance network capacity and provide faster but less expensive transactions with the hard fork upgrade. In the hours leading up to the upgrade going live, ADA’s value steadily increased.

Fast block construction is another of the upgrade’s most significant enhancements. The Cardano blockchain will become considerably more effective as a result. The Plutus v2 programming language for Cardano is also a part of the Vasil upgrade. Vasil Stoyanov Dabov, an artist and ADA ambassador, is remembered by the name “Vasil” upgrade. In December 2021, Dabov passed dead from a pulmonary embolism.

Extensive traffic to slow down Cardano network 

Input Output, engineers that worked on the upgrade, predicts that heavy traffic may impede Cardano during the upgrade’s initial hours. “Transition should be smooth,” nevertheless. On September 27, full Vasil functionality will be accessible, according to the creators. According to Input Output, the Plutus V2 pricing model will be activated along with the complete capabilities, resulting in decreased transaction costs for smart contracts.

The majority of the main cryptocurrency exchanges back the Cardano Vasil update. Binance, Crypto.com, and Gate.io are examples of these. The upgrade’s deployment was repeatedly postponed beyond an initial target date of earlier this summer. However, all of the bugs and tests for the upgrade have now been worked out by the engineers.

According to CoinMarketCap, the price of ADA is $0.4734 at the time of writing. In the days following the Vasil upgrade, the coin can experience a modest increase, unless it falls victim to a “sell the hype” scenario as Ethereum did with its move to PoS last week.

SHIB, XRP, ADA See A Spike In Social Media Discussions

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Top 10 altcoins such as ETH, SHIB, ADA, XRP, etc are the most talked about tokens, on-chain data analytics platform Santiment revealed. On the other hand, Bitcoin and Ethereum have fallen by 16% and 25% over the last week.

Crypto markets have obviously taken a big hit over the past week, but it’s interesting to see where social interests have shifted. ETH, XRP, ADA, MATIC, and SHIB have increased in discussions, while most other assets are being discussed far less.

Interestingly, each cryptocurrency that made it to the list has at least one active or completed development. The presence of Ethereum, Shiba Inu, Ripple, and Cardano on the roster is therefore not surprising.

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SHIB, XRP, ADA See A Spike In Social Media Discussions 4

Here’s What Is Driving SHIB, XRP, ADA, and ETH’s Social Interest

Memecoin SHIB achieved a three-month record for social media mentions in the latter part of August. Shiba Inu recently launched its Play-to-Earn [P2E] game, Shiba Eternity, for beta testing in Australia.

The project’s leading pseudonymous developer, Shytoshi Kusama, announced the other day that the game would soon go global.

Drawing similar traction is XRP due to the Ripple and SEC’s lawsuit that intensified after both the parties filed their applications seeking summary judgment. Many believed that the outcome would provide much-needed clarity on the token’s classification as a commodity or a security.

With regards to ADA, Vasil’s hard fork is hogging the limelight for the PoS ecosystem that has reached the end of the update as Cardano founder famously tweeted, “The Rocket is in the air.”

On the other hand, the second-largest altcoin, Ethereum, has undergone a smooth transition, which changed the Proof-of-Work protocol to Proof-of-Stake. But its prices continued to register a steep decline, reaching low as $1294 from $1772 this past week.

That said, the crypto market is likely to remain volatile in the near term as investors remain cautious in anticipation of the upcoming Federal Reserve rate hike on Sept. 20 and 21.

Many experts predicted that Bitcoin [BTC] will fall below its June low and continue to decline and the crypto market, in general, will be under pressure.

But if the FED does not shock the markets, anxious traders would take the opportunity to dive straight in, leading to a temporary relief recovery.


Why Is Cardano Experiencing a Market Sell-off? Hoskinson Sheds His Insights

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Cardano suffers a market sell-off and the price plummets. The principal cause of the sell-off, according to Charles Hoskinson, the inventor of Cardano, is a high inflation report. The consumer price index data for August showed a higher-than-expected result for inflation.

Monthly adjustments in headline inflation were up 0.1%, while core inflation was up 0.6%. The annual rate of inflation was 8.3%.

Cardano suffered as the CPI numbers are out

Tuesday’s markets crashed as a result of major inflation data for August coming in higher than expected, undermining investor expectations for a more dovish Federal Reserve. Bitcoin (BTC) has increased 15% over the weekend in anticipation of a good report for August.

When the brand-new data was made public, it dropped by 4%. The Nasdaq Composite fell and the S&P 500 fell by a combined 2.4%.

The cryptocurrency market also fell, and at the time of publication, the bulk of altcoins was experiencing losses. The report is one of the final ones the Fed will review before its meeting on September 20-21, when the central bank is anticipated to vote to raise interest rates by 0.75 percentage points for the third straight meeting to control inflation.

The August strong inflation data may force the Fed to continue its aggressive rate rises longer than some investors had anticipated.

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Why Is Cardano Experiencing a Market Sell-off? Hoskinson Sheds His Insights 6

Charles Hoskinson, the developer of the Cardano cryptocurrency, commented on the low performance of cryptocurrencies in 2022 so far and asserted that markets are “disconnected” from reality. 

Along with praising other cryptocurrency initiatives, Hoskinson added that many of them are “solid” even if their current pricing does not reflect that. The creator of Cardano also emphasized that macro issues were primarily responsible for the present market behavior.

In line with the price decline of other major cryptocurrencies during the past 24 hours, the price of the ADA coin has decreased by about 5.8%. As of press time, Cardano (ADA) was trading for $0.4734.

Cardano’s Vasil Hard Fork Marks Notable Progress

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Input Output, a Cardano developer, has made considerable strides toward the highly awaited Vasil hard fork. A staggering 95% of blocks are now originating from 1.35.3 nodes as of Monday.

The network had to proceed with the upgrade in order to meet the 75% requirement, and version 1.35.3 was picked as the last node candidate for the Vasil hard fork.

By Sept. 12, the vast majority of the most liquid exchanges had either integrated Vasil or begun putting together their high-stakes upgrading plans. Giants like Binance and Coinbase are included in this.

The only top 12 exchanges by liquidity that haven’t started implementing the update are ChangellyPRO and ZB.com. Among the exchanges that haven’t joined the bandwagon are Zipmex, CEX.io, CoinDCX, and Coinbase Pro.

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Cardano’s Vasil Hard Fork Marks Notable Progress 8

Cardano projects have increased at a staggering level

Since 2022, there have been more than five times as many projects built on the Cardano network. IOG’s most recent statistics show that 1,093 projects are actively utilizing Cardano in their construction.

On Cardano, 94 projects have been started, whereas there are 3,196 Plutus scripts. Over six million native tokens have already been created on the Cardano network using 61,314 different minting strategies.

The number increased to 199 in January of this year, at which point ADA founder Charles Hoskinson asked, “Who wants to be project 200?.” As of now, more than a thousand projects are being developed on the Cardano network.

The much-awaited improvement, which bears Vasil Dabov’s name, was planned to launch on September 22. All of the major DeFi projects by total value locked for decentralized apps have either begun testing release 1.35.3 in pre-production or have already done so.

By market capitalization, ADA is now ranked eighth, below XRP and Binance USD (BUSD). According to statistics from CoinMarketCap, it is presently trading at $0.5017 on significant spot markets.

Cardano’s Vasil Upgrade Cannot Be Forced, Says Charles Hoskinson

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In a recent tweet, Cardano’s Charles Hoskinson emphasized the decentralization of the blockchain by stating that he is unable to force the Vasil hard fork in response to a critic. The much-anticipated upgrade is anticipated to happen on September 22.

@btc bryan 21, a Bitcoin maximalist, claimed that Hoskinson could unilaterally alter the supply of ADA as a result of its purported centralization.

Cardano’s highest supply is maxed at 45 million ADA, but the critic claimed that since the blockchain’s monetary policy is very moldable, nothing would halt the crypto tycoon from changing that.

Cardano’s Hoskinson said Bitcoin maxis are beyond stupid

In July, Hoskinson also said that Bitcoin maximalists are the most “toxic” and “useless” people to engage in reply to ex-MicroStrategy CEO asserting that the ADA token is unregistered security. Hoskinson plainly rejected such an idea, adding that they are “beyond stupid.”

Since all ADA tokens are in the possession of their rightful owners, Cardano has consistently opposed the concept of burning them. Hoskinson claims that this would be equivalent to stealing from the ADA community. He compared the notion of burning ADA to stealing food back in September.

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Cardano’s Vasil Upgrade Cannot Be Forced, Says Charles Hoskinson 10

In other news, the Daedalus wallet’s mainnet release was announced by Input Output, the firm that developed the Cardano blockchain. When redeeming incentives testnet (ITN) rewards, errors when selecting syncing wallets are just one of the problems fixed in version 5.0.0.

Older Daedalus executables that wouldn’t be deleted in earlier versions after auto-update has also been removed. In addition, Daedalus 5.0.0 now sends the correct number of tokens when the fee calculation process results in an error.

At the time of writing, ADA is trading at $0.494188, with a 4.9% gain in the last 24 hours. ADA has gained 7.1% and 6.1% in the last 7 and 14 days according to the data from Coingecko.

Cardano’s Charles Hoskinson- “Ethereum Classic Still Gives Me Sadness”

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Cardano founder Charles Hoskinson once again found himself under the target of the Ethereum Classic community member who accused the former of profiting from ETC miners by imposing a 20% miner tax.

The ETC advocate brought up Hoskinson’s name during the discussion of the future of the asset.

In his response, Hoskinson lamented that he was still sad about what happened to the project calling it dead and with no purpose for existence.

I love how a sustainable development fund turns into a miner tax. ETC still gives me sadness for what could have been. It’s a dead project with no purpose or real compelling argument to exist outside of spite.

Cardano’s tryst with ETC goes back to 2014 when he exited from the Ethereum project due to disagreements with Buterin over the project’s open-source, nonprofit structure. Having backed the hard fork in 2016, he eventually became a member of the Board of Directors.

Soon differences cropped after the ETC community rebuffed his proposal for the formation of a decentralized treasury system similar to that of Cardano.

His initial proposal for a development fund was rejected by other devs who feared that cutting down miner rewards would force them to exit the network.

After the latest accusation, Hoskinson chose to give his side of the story in his video podcast aptly titled “Beating Dead Horses.” He claimed that ETC members were harassing him to return the Twitter handle of the Ethereum Classic to the community, which is still under his possession at the moment.

Hoskinson, in turn, offered two options, one of which is to pay him millions of dollars for the development of Ethereum Classic or to agree that no one owes anything more.

Cardano Founder Says This On ADA’s Price Dip

The Input-Output CEO recently spoke about the recent price drawdown, saying that markets are “disconnected” from reality.

“Cardano has never been stronger and frankly many other projects are also solid across the industry, yet you don’t see that reflected- just a sea of red. Macro factors always win out.”

He then went on to add that the focus should instead be on finding the true purpose of the technology. “Cardano is changing the world thanks to all of you and our best days are ahead of us,” he added.

ADA’s price has pulled back by more than 7% in the past 24 hours. The asset is currently sitting at $0.46.

Cardano Dethrones XRP to Rank 7th in Global Market Cap

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Cardano (ADA) is presently outdoing XRP in terms of market capitalization, according to CoinMarketCap data. Cardano is now the seventh largest cryptocurrency, with a market cap of $16.6 billion, in front of XRP’s market cap of $16 billion.

Cardano is gaining traction as a result of positive news about upcoming Vasil updates, exchange listings, and positive investor sentiment. Cardano was outshining the top ten cryptocurrencies in terms of 24-hour gains yesterday.

The asset’s trading interest is also reflected in a 30% increase in trading volumes, with 1.8 billion (1,891,419,122) ADA traded in the last 24 hours as per yesterday’s data from CoinMarketCap.

ADA is currently trading at $0.4867, with a 3% price drop in the last 24 hours.

Cardano’s Vasil upgrade

Cardano’s creator, Input Output, revealed on Friday that the Vasil update is scheduled to release on September 22. The date was also confirmed by ADA’s creator, Charles Hoskinson, which sparked enthusiasm in the community. ADA’s listing on Robinhood is another noteworthy event from the previous week.

The stock trading app Robinhood pledged support for ADA on Thursday.  As the neighborhood processed the news of the upcoming Vasil release, which is expected to bring improvements to, Cardano’s ADA grew slightly to reach a high of $0.5 on September 4.

Plutus is anticipated to benefit from improvements that will let developers build more potent and effective blockchain-based applications.

The SPO and Dapp communities, according to IOG, have expressed optimism in being prepared for the hard fork on the planned date.

The ADA team added in a subsequent tweet that it is keeping an eye on all of the metrics, making it possible to announce an official launch date for the hard fork.

Founder Hoskinson stated in the video podcast that the release date corresponds with Bulgaria’s independence day, which is also the country of the late venerable member Vasil Dabov.

Cardano’s Vasil Hard Fork Date Has Arrived, Less Than 3 Weeks Away

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Cardano founder Charles Hoskinson along with its developer IOG has finally announced the highly anticipated Vasil date on the mainnet. After extensive testing of all core components, and with the community readiness, the release date is set as Sept 22.

The upgrade is expected to bring enhancements to Plutus to enable devs to create more powerful and efficient blockchain-based applications.

IOG also stated that in the past 24 hours, members of the SPO and Dapp communities have expressed confidence in the readiness for the hard fork on the scheduled date.

Further in the series of tweets, the Cardano team said that is monitoring all the above metrics, thus making it possible to hand out an official launch date of the hard fork.      

We’ve been tracking well against all three metrics we & cardanostiftung set for launch: 75% mainnet blocks being created by the final Vasil node candidate (1.35.3). Approx. 25 exchanges upgraded (c. 80% of ada liquidity). Top 10 DApps by TVL confirming readiness.

Founder Hoskinson who appeared in the video podcast stated that the release date coincides with Bulgaria’s independence day which coincidentally is the country the late venerable member Vasil Dabov belongs to.

Just a few days ago, he said that things are moving very quickly and hinted that if everything went well, September would be the most probable month for the launch date.

Hoskinson recently was locked in a verbal exchange with a Twitter user who said that the founder was being “ignorant” for believing that destroying ADA would mean destroying Cardano fans’ property.

Cardano’s Charles Hoskinson, “There is no magic reserve of Ada floating out there”

Hoskinson then retorted by saying there is no “magic reserve of Ada floating out there”. And that its tokens are in the hands of owners and actual people. “To burn it would require it be taken from them and destroyed.”

When asked to elaborate by another user, he explained that founders of other projects sometimes keep a stock of pre-mined coins. During periods of lower liquidity, they control and destroy to manipulate their token’s price. But, he stressed that Cardano does not control any amounts of ADA.

Cardano “Ghost Chain” FUD Is Back; Charles Hoskinson Claps Back

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Cardano founder Charles Hoskinson has slammed self proclaimed influencers for circulating misinformation and warned his followers of the consequences of clickbait titles of people losing faith in blockchain.

The IOG boss feared that the “catastrophic bug” remark along with the infamous ghostchain FUD will remain for a long time. Lamenting he said,

The consequences of headlines: Shallow information gets propagated by influencers to massive networks of people. Truth gets lost in the land of misinformation. As predicted, catastrophic bug is now paired with ghostchain. It will stick for months

He shared his post along with a TikTok video that featured a man who has over 600,000 followers talking about Cardano, and how is it losing relevancy.

Acording to the TikToker, “for a project that has a market cap as high as it has, Cardano does not have much to show for it”.

The guy then cited the vision of the Cardano team, calling it “great” but devoid of any real use cases.

The video ends with the “influencer” comparing Solana to be “much more functional blockchain and a much more functional platform than Cardano has ever even gotten close to being”.

A week back, Hoskinson took to twitter to express his frustration over fud reports after the testnet fiasco. It needs to be told that one of the leading developers Adam Dean had issued a warning that the blockchain’s testnet is “catastrophically broken”.

He even accused the team of unnecessarily rushing to roll out the Vasil hard fork upgrade without implementing crucial tests.

Cardano Founder Responds To Critics

In response to that, Hoskinson asserted that the code had been extensively tested for months, including the network’s stake pool operators [SPOs]. And that the bug in 1.35.2 was fixed in version 1.35.3, which was only released after the discovery of the same.

As previously reported by TronWeekly, Hoskinson also came in support of its ecosystem after being accused as “ghost chain” and being eclipsed by its larger rivals- Bitcoin [BTC] and Ethereum [ETH]. 

Taking a shot at the naysayers, the founder stated “Sometimes you just have to let people build beautiful things regardless of how long it takes.”