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Cardano (ADA) on Coinbase Pro | Here’s What You Need To Know

Coinbase Pro is listing ADA, with buying and selling starting Thursday as soon as enough supply of ADA is established on the platform, the exchange stated yesterday.

Beginning instantly, Coinbase will start accepting inbound transfers of ADA to Coinbase Pro. Trading will start on or after 9AM Pacific Time (PT) Thursday March 18, if liquidity conditions are met.

As soon as enough supply of ADA is established on the platform, trading pairs  ADA-USD, ADA-BTC, ADA-EUR and ADA-GBP will be available to Coinbase’s users. 

Coinbase Pro will only support withdrawals to addresses on the Cardano network’s decentralized Shelley hard fork.

Support for addresses utilizing the earlier, Byron, version shall be enabled shortly, Coinbase said.

ADA is not yet available on Coinbase.com or on their app. Coinbase will make a separate announcement if and when this support is added.

cardano-dao

Cardano has the world’s Largest DAO

Input Output Global shared statistics on what has been achieved by Cardano’s Project Catalyst in its three preliminary phases. What number of Cardanians are contributing to the undertaking’s milestones?

World’s largest DAO with 7,000 supporters onboard

Catalyst, a singular Cardano community-driven initiative targeted on supporting early-stage projects/ideas for its future ecosystem, is approaching its fourth round, Fund4. According to IG, the project managed to draw 1,800 energetic voters and seven thousand registered supporters.

Project Catalyst has already turn out to be the largest decentralized autonomous organization in the world. It took six months just for Project Catalyst to perform such a formidable milestone.

It was launched with out a lot fanfare in early Q3, 2020. A complete of $250,000 in ADA have been distributed among the many most valuable projects introduced in its second stage.

Fund 4 is opening this week. Want to participate? Signup your proposal here: Project Catalyst

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3 reasons why Cardano is up 100% in February

Cardano’s native cryptocurrency ADA has been on a roll since the beginning of February, seeing a price increase of over 100 percent since the beginning of the month. And while the overall bull market has been partly responsible for ADA’s price hike, the rally is mostly fueled by the major developments inside IOHK and a number of hugely important releases planned for this year.

Cardano’s smart contract era is getting closer to launch

Goguen, the era of the Cardano blockchain that will unlock its smart contract functionality, has been in development for at least as long as Shelley has. The teams behind the blockchain have been working on almost all of its phases simultaneously to ensure smooth launches and minimal performance issues.

The first of the two hard fork combinator (HFC) events …

Read the full article at CryptoSlate

cardano project catalyst

Cardano event: IOHK will have a town hall today to discuss Project Catalyst

The next Project Catalyst town hall is today and we’d love to see you there.

Everything starts Wednesday, February 10th at 6 PM UTC. Register on Crowdcast now to save your spot.

 

What is Project Catalyst?

As explained by IOHK, Project Catalyst is “an ongoing experiment” in exploring or looking into different ways that “decentralized” innovation and collaboration can be carried out “at its highest level.” 

As the initial stage in the Voltaire roadmap, it aims to challenge ecosystem participants to “pool their ingenuity, creativity and passion to identify ground-breaking projects that support Cardano’s growth,” the IOHK team noted. 


Learn more about Project Catalyst

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Cardano might onboard 100 million users in Africa by end of February

IOHK, the company behind the Cardano blockchain, is in the final stages of securing a huge government contract in Africa. According to John O’Connor, the director of African Operations at IOHK, the project could add millions of users to Cardano for real-world blockchain implementation.

IOHK making major strides in Africa with real-world blockchain solution built on Cardano

While Africa has long been touted as the next big frontier for blockchain technology, few companies have actually gone through with their plans to invest in its developing countries. IOHK, the company behind Cardano, is one of just a handful of companies actively working in Africa.

Charles Hoskinson, the founder and CEO of IOHK, has been outspoken about the potential Africa has for blockchain adoption, saying that his company was working on a number of projects aimed exclusively at the continent.

And while there is still no concrete information coming neither from Hoskinson nor from IOHK, the latest report have shown that whatever IOHK is working on in Africa is in its final stages of development.

In an interview with the Proof of Africa, John O’Connor, IOHK’s director of African Operations, revealed that there is a real-world blockchain solution being built on Cardano that’s designed specifically to be released in Africa.

“What I can say is that we are at the final stages of a large government contract that would have multimillion users being onboarded onto the platform for real-world blockchain implementation,” he said in the interview.

Decentralized identity solutions coming to five major African countries

While O’Connor is based in Ethiopia, he said that IOHK’s project will focus on other African countries as well. IOHK’s focus countries include South Africa, Kenya, Nigeria, Tanzania, and Ethiopia. Another 15 will be added to the list in the near future, he revealed.

The company’s work in Tanzania will provide each user of the country’s telecom providers with digital identity and access to the ADA payment network on Cardano. When it comes to South Africa, O’Connor said that IOHK was working on an “interesting project” involving insurance.

What is clear so far is that almost all of the projects IOHK is working on in Africa will be based on Atala PRISM, the company’s identity solution.

“We have quite reasonable plans to onboard 100 million users on this identity platform within the next year or two. This might seem ambitious, but actually, the scale of the African continent means that it’s quite realistic,” O’Connor explained in the interview.

All of the process required to launch the mysterious African solution should be done by the end of February, he said, adding that the team at IOHK will be the one that makes the news public. According to O’Connor, the deployment has the potential to be the largest real-world blockchain deployment in the world.

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Why Cardano Will Outshine Ethereum 2.0 According to Charles Hoskinson

The IOHK CEO Charles Hoskinson gave his perspective on why Cardano will outshine Ethereum 2.0. In an interview with Ben Armstrong, AKA Bitboy Crypto, Hoskinson spoke about Cardano having a simpler and more robust design than Ethereum.

What’s more, he doubts whether this added complexity will result in higher throughput, better scalability, and more security for the Ethereum network.

As deadline day fast approaches for the Goguen rollout, the coming weeks and months will prove critical in establishing whether Cardano can gain ground over Ethereum as the go-to smart contract platform.

Today, a strong performance sees ADA breaking the $0.71 barrier, making a 37 month high in the process.

celsius cardano

Celsius have just added Cardano to their “coming soon” list

Celsius Network has just added Cardano to their list of coming soon crytocurrencies.

Why is this important?

Because Celsius has more than 6 million USD in assets from their users. So if they decide to putafraction of that into ADAin order to get a return, then less ADA will be available. Higher demand and lower supply would have a positive impact on ADA’s price.

What is Celsius?

It’s basically a platform that allows users to borrow cryptoand to get a yield basedon their cryptos.

Celsius aims to outperform banks at their own game by offering financial services on the kind of terms which traditional financial institutions no longer offer.

These include much higher rates of returns on savings and deposits, much easier and fairer loan requirements and automated rewards computed for each user algorithmically. Penalties and bank-style fees are also waived.

The platform also functions as a wallet via its CelPay feature, and hosts its own CEL token which users can leverage to increase payout value among other things.

As a for-profit company, Celsius takes a cut of profit margins on interest payments, still returning 80% to users themselves. The company also lends to institutional entities such as hedge funds.

Payments are ensured because loans are asset-backed, and any borrower must supply more than 100% of what they borrow in the destination currency.

This is what some users in the Cardano sub reddit had to say about it: