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ADA’s Increased Liquidity Could Bring In Further Institutional Investment

The decentralised public blockchain and cryptocurrency project known as Cardano intends to attract institutional investment into the cryptocurrency market by increasing the liquidity and accessibility of its cryptocurrency, ADA. Last month, the project teamed up with Algoz, a market maker solution service, as a step in the right direction in making ADA more attractive to institutional players. Institutional investment The ADA currency was initially released in 2015 and came with the promise of bringing in major industry players into the industry. Even so, the project is still fighting the same challenges that the space still faces to this day.  In...

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Cardano Signs Up To Global Digital Finance Group

At the end of last month, the Cardano Foundation became part of the board for the Global Digital Finance Group (GDF). The London based organisation has teamed up with many industry leaders with Cardano being just the start. The focus for this group is to maintain and pursue the overarching factors that establish the best practices among the cryptocurrency industry. On its website, the GDF states that it is: “An industry membership body that promotes the adoption of best practices for cryptoassets and digital finance technologies, through the development of conduct standards, in a shared engagement forum with market participants,...

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Komodo (KMD) and Nebulas (NAS) Drive CD Mid-Cap Index to 46.78

The CryptoDaily 21 Leaders Cryptocurrency Index fell to 50.26 on Thursday from 50.29 on Wednesday, a 0.05% decline.  The 21 Leaders Index is up 1.53% over the past 7 days and is up 1.10% over the past 30 days.  Chainlink (LINK) was off 6.4% to a market capitalisation of US$ 3.26 billion. Cardano (ADA) fell 1.5% to a market capitalisation of US$ 2.02 billion while Litecoin (LTC) led gainers with a +4.6% climb. The CryptoDaily Large-Cap Cryptocurrency Index improved to 35.28 on Thursday from 34.95 on Wednesday, a 0.94% rally. The Large-Cap Index is up 2.20% over the past 7...

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Ren and Waltonchain Skyrocket and Elevate CD Mid-Cap Index to 46.98

The CryptoDaily 21 Leaders Cryptocurrency Index improved to 50.61 on Tuesday from 49.79 on Monday, a 1.64% climb. The 21 Leaders Index is down 8.19% over the past 7 days and is up 1.70% over the past 30 days.  NEO (NEO) expanded +7.6% to a market capitalisation of US$ 1.26 billion as traders reacted to progress listed in NEO’s June 2019 Monthly Report released today.  Chainlink (LINK) contributed to gains with a +4.0% climb while Cardano (ADA) led laggards with a 3.9% decline. The CryptoDaily Large-Cap Cryptocurrency Index appreciated to 35.21 on Tuesday from 34.78 on Monday, a 1.24% rally....

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Cardano CEO Believes ADA Will Outcompete Facebook’s Libra Coin

The founder of Cardano, Charles Hoskinson believes that the platforms native currency ADA still has a leg up above Facebook in emerging markets. His comments come even after Facebook officially announced its upcoming stablecoin, Libra which has been building up a lot of hype over the past few weeks since its reveal.  Hoskinson made his comments in a new interview with Finance Magnates published on June 26th. The CEO noted the importance of cryptocurrency in emerging markets, relative to established financial systems.  “Emerging markets are where cryptocurrencies matter.” Hoskinson went on to say:  “When I look at the developed world,...

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