Cardano [ADA] makes back to back crypto news- as a Nexo collateral, possible collaboration with Google and new wallet declaration 17469
News
Ashmita Dutta
Jul 2, 2018 at 1:28 PM

Cardano [ADA] hits the crypto headlines with the recent activities undertaken by this particular cryptocurrency. Nexo, as a popular FinTech group, after accepting Binance coin [BNB] as a collateral is enhancing the crypto domain by including Cardano [ADA]. Secondly, the Google invitation received by Cardano [ADA] makes another significant news. Finally, declaration of a new Cardano [ADA] wallet together makes the crypto world filled with buzz. According to a previous report by BCFocus, Charles Hoskinson, the creator of Cardano [ADA] took the initiative in this June to introduce blockchain technology to Ethiopia.

The Three Crypto Events

Nexo, firstly accepted Binance coin [BNB] in the form of a crypto collateral with an assurance to include more in the list. It selected the Binance coin [BNB] for its safer investment term along with the potential to maintain stability at the time of turmoil in crypto prices. Finally, now Nexo comes up with the decision to include Cardano [ADA] for the loans backed by cryptocurrencies. The advantageous features associated with this coin are its open-source, public and decentralised nature.

The primary motive behind Cardano [ADA] cryptocurrency’s framework is its contribution to the world’s development. This is precisely the reason for Naxo to opt for this digital currency. However, for a considerable span of time, Cardano [ADA] crypto coin remained in a state of dormancy. It was at this time when Cardano [ADA] was gearing up to become technologically stable and reliable. Among the list of cryptocurrencie, the current ranking of Cardano [ADA] is eighth with a positive price change of 3.50% and market capitalisation of $25.63 billion.

See also: Cardano [ADA] creator is optimistic about Wallstreet bringing in free capital

The second in the list of top crypto news made by Cardano [ADA] is collaboration with Google for technological advancement. Charles Hoskinson, the founder of Cardano [ADA] stated that a detailed deliberation has been held between the two significant enterprises which would soon be revealed. In the meeting with Google, the CEO of IOHK, Hoskinson presented a basic introduction and functionality of this virtual currency. He also mentioned about the algorithm followed by Cardano [ADA] known as Ouroboros.

He sheds light on their current project of launching test network for carrying out experiment. Once all the flaws are detected and rightfully addressed, launching of the live network the company would be done. The conference explicitly sends out the message to the world about the future collaboration between Google and Cardano [ADA]. This association would bring about technological advancement and also development in cryptocurrency domain.

See also: Cardano [ADA] and Tron [TRX] can possibly benefit from EOS issues

Finally, in a recent Twitter post, Charles Hoskinson mentioned about the upcoming Cardano [ADA] wallet. The wallet is a complementary purse based on digital functioning for Daedalus. According to the tweet, “Now for that promised end of month ANN. A new wallet is coming soon to the Cardano ecosystem. It’s really exciting and complimentary to Daedalus. I think people are really going to like it. Details coming in August.

Hoskinson informed that new details about the wallet would be revealed in August, 2018. In the initial days of June, 2018 while the wallet became operational few issues regarding bugs popped up. However, these issues were addressed and resolved by the development team of IOHK.

Social media response (Reddit)

  • Courimis - I agree man, business relationships are based on reliability and trust. I feel like Cardano's approach is the best as they don't hype the project and keep delivering on clear objectives. I have no doubt that this will be a project that will succeed on the longer term
  • Josseh80 - This is indeed exactly the reason ADA will prevail in the end. Big businesses aren't going to gamble on hyped blockchains. They'll pick the chain that has been thouroughly tested / audited 10 out of 10 times over some random hyped chain.Patience is all that it takes.

Image via Google

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