https://t.me/Cronos_Cardano_Ripple

2022-12-06 05:10:05 Number of Cardano-based smart contracts surpasses 4,000

The Cardano (ADA) network received a significant update in September 2021, which included the addition of smart contract functionality, allowing the blockchain to scale and perform more quickly. Despite a price drop in 2022, Cardano’s network development has expanded.

Following the Vasil hard fork in September, Plutus Scripts (a Cardano-based smart contracts platform) has rapidly hit over 4,000 smart contacts. According to data acquired by Finbold, the number of smart contracts on Cardano reached the 4,027 mark on December 3, per statistics from Cardano Blockchain Insights.

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2022-12-05 08:04:02 Ripple vs. SEC: Two-Year Legal Battle for XRP Nears the End

Ripple’s general counsel, Stuart Alderoty, tweeted that the firm’s response was its final submission. He said the firm asked the Court to grant judgment in its favor in the filing. Alderoty said the crypto company was proud of the defense it mounted on behalf of the crypto industry.

Ripple’s two years legal battle with the U.S. Securities and Exchange Commission (SEC) is drawing to a close. The crypto company has filed a response to the commission’s opposition to its motion for summary judgment. The crypto payment company CEO, Brad Garlinghouse, echoed Alderoty’s view, saying, “Ripple stood strong and withstood the SEC’s onslaught.”.

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2022-12-04 07:34:02 Cardano (ADA) beats all crypto platforms in monthly development activity

The cryptocurrency sector continues to lick its wounds after the destruction caused by the collapse of FTX, once one of the largest crypto exchanges in the world, but the Cardano (ADA) development team is not lacking commitment to growing the platform.

Cardano recorded the highest development activity during the month of November, according to the analysis carried out by the on-chain market intelligence platform Santiment, which was published on December 1. Specifically, the development activity rates of the Cardano team in its public GitHub repositories in November were 18% higher.

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2022-12-03 15:54:02 New Cardano algorithmic stablecoin evokes old fears for the community

According to its developers, the stablecoin project Djed will be pegged to the United States dollar and backed by Apart from this, it will be using another token as its reserve coin. The project highlighted that it will be overcollateralized and will have on-chain proof-of-reserves.

One community member was seemingly confused as to why another algorithmic stablecoin has come out despite Terra showing that they could go wrong. “I thought we already figured this out, algorithmic stablecoins, not the best option,” they wrote. Meanwhile, another Twitter user mentioned that they would rather keep using Tether.According to the community member, algorithmic stablecoins already proved that they are not stable.

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2022-12-02 05:57:02 Cardano’s Hoskinson: FTX Collapse Proves ‘Absolute Need’ for Decentralization

The recent collapse of crypto exchange FTX highlights the “absolute need” for decentralization, according to Cardano founder Charles Hoskinson. but that recent collapses such as FTX have demonstrated the need for decentralization and proof of reserves.

The failures we’re having aren’t failures of protocols, aren’t failures of DeFi,” Hoskinson said. “They’re failures of trust, they’re failures of regulation, they’re failures of people. He added that these failures of trust—in both the crypto industry and the traditional finance industry—are driving a shift “from companies and people to protocols.”

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2022-12-01 07:42:02 Ripple leads $72 million round into crypto market maker Keyrock

Crypto payments company Ripple has led a $72 million Series B funding round into digital asset market maker Keyrock. Ripple has also been a key client for the firm for the last three years. a service proposition and expand options and over-the-counter operations.

Venture firms Six Fintech Ventures and Middlegame Ventures also participated in the round, which closed mid-September. Keyrock CEO Kevin de Patoul declined to share the valuation but said in an interview with The Block it was a significant lift in valuation — the firm last raised €4.3 million in Series A funding in October 2020. This means providing liquidity to markets that are yet to reach trading volumes sufficient to drive revenue for the market maker.

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2022-11-30 05:54:02 Ripple general counsel calls BlockFi bankruptcy another success for SEC’s ‘regulation by enforcement’ approach

Ripple general counsel Stuart Alderoty described BlockFi’s bankruptcy as another success for the U.S. SEC and its regulation-by-enforcement approach. The Ripple lawyer noted that nothing was ever “registered” in the deal.

BlockFI agreed to pay the US SEC a $100 million fine for its failure to register its lending product with the regulator. The SEC’s top officials repeatedly highlighted how this enforcement action was a major win for the commission. BlockFi received a $400 million line of credit from FTX. The Sam Bankman-Fried-led exchange would later file for bankruptcy

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2022-11-29 20:08:02 Cardano Blockchain Insights Reveal Abnormal Increase in This Metric: Details

The number of Plutus-based smart contracts created on the Cardano blockchain experienced a spike in early November. Looking at the graph presented by Cardano Blockchain Insights, a break can be seen when 49 Plutus-based smart contracts were created between Nov. 7 and 8.

Equally interesting is the statistic that the number of smart contracts created on Cardano has increased by 302% since the beginning of the year. The biggest jump, a near-vertical increase, occurred at the beginning of April. Remarkably, at the same time, according to DefiLlama, Cardano recorded a peak total value locked (TVL).

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2022-11-28 06:47:02 Cardano (ADA) Hits New Milestone as Native Tokens Reach 7 Million

The Cardano blockchain has reached a new milestone as it now has 7 million native tokens. According to pool.pm data, the number of native assets minted on the Cardano blockchain is now 7,055,456 across 65,652 distinct minting policies.

Cardano founder Charles Hoskinson predicted the development that is now seen on the Cardano blockchain. He predicted "hundreds of assets, thousands of dApps, tons of interesting projects and lots of unique and utility.".The Alonzo hard fork deployment in September 2021 ushered in smart contract functionality that allowed for the development of dApps.

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2022-11-27 05:38:02 Cardano adds over 100,000 wallets in November despite FTX debacle

Although the cryptocurrency market activity has largely been suppressed across 2022, several networks are recording increased interest and activity. despite the sector operating in a bear market, with the FTX collapse complicating matters further.

As of November 25, the figure stood at 3,734,363, while at the start of the month, the number of ADA wallets was 3,633,526, according to Cardano Blockchain Insights data. Cardano’s impressive wallet growth can be tied to the increased network activity, considering that the platform has yet to witness any bullish triggers in recent weeks.

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