$76,819.00
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0.00%$126.29
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1.71%$1,518.24
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3.03%$0.999724
0.04%$1.082
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6.60%$1,459.06
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4.91%$2.36
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1.74%$0.02554283
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0.04%$0.195006
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54.99%$19.47
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6.11%$0.497933
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0.03%$0.596662
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3.66%$0.086908
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0.53%$16.16
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-6.23%Reading
Role
Chief Executive Officer at Input Output HK
Location
Broomfield, Colorado
Education
University of Colorada Boulder, Metropolitan State University of Denfer
Current Project
Input Output, Cardano Foundation
Previous Projects
Ethereum,Invictus Innovations Incorporated
Editor's note: This story initially reported, via another news site, that the Cardano token had been "added to Bloomberg Terminal." That was incorrect—as a Bloomberg spokesperson has confirmed to Decrypt, the terminal only shows a definition of Cardano, not its price data.
According to BeInCrypto, Cardano has been added to the Bloomberg Terminal, a platform used by professional traders. It is a move that could expose the cryptocurrency to a new wave of potential investors.
Cardano is a peer-reviewed blockchain that uses the native currency ADA. Bloomberg on Sunday ran a story about the token's recent meteoric price rise, but by Monday ADA was following the broader crypto market’s downtrend, falling by almost 5% in the last 24 hours and 9.5% over the past week.
Still, since the start of 2021 ADA has seen high levels of growth—opening the year at 18 cents, but currently sitting at $1.02.
ADA ranks fifth by market capitalization among all cryptocurrencies, according to Coinmarketcap, with a total market cap of $32 billion.
#Cardano was just added to Bloomberg Terminal 🙂 pic.twitter.com/vcpVGpwTEA
— Jérôme S. 🇫🇷 (@CryptoJeromeFR) March 14, 2021
Just last week, Galaxy Digital CEO Mike Novogratz asked his Twitter followers whether any of them could make a bull case for ADA. “Does anyone build on it? Use it? Why is market cap so high?” he wrote, adding, “Should it be a funding asset? It’s one of the few cryptos I haven’t traded in my life.”
Last question before I go shower, can anyone make a real bull case for $ADA? Does anyone build on it? Use it? Why is market cap so high? Should it be a funding asset? It’s one of the few cryptos I haven’t traded in my life.
— Mike Novogratz (@novogratz) March 9, 2021
Cardano is in the midst of a phased upgrade.
“Mary”—named after Frankenstein author Mary Shelley—Cardano’s newest upgrade, goes live at 21:44:51 UTC today. It means that, for the first time, users will be able to create their own unique tokens, including NFTs, and transact directly with these on the Cardano platform. Mary’s main purpose is to transform Cardano into a multi-asset network similar to Ethereum but with some advantages. According to IOHK, the protocol’s developers, users can transact with tokens, but without the need for smar...
The Cardano roadmap is organized into five eras: Byron, Shelley, Goguen, Basho and Voltaire. The Goguen phase, which aims to give Cardano users the opportunity to create and execute smart contracts on the Cardano network itself, is expected in the coming months.
This post was updated on March 16 at 9:40pm EST.
Ripple has acquired crypto-friendly prime brokerage Hidden Road for $1.25 billion, marking one of the largest deals in the crypto industry's history. The blockchain technology firm is aiming to use Hidden Road's platform to serve a wide range of institutional clients on a bigger scale, according to a company statement released on Tuesday. “We are at an inflection point for the next phase of digital asset adoption – the US market is effectively open for the first time due to the regulatory over...
Digital asset trust bank Anchorage Digital will safeguard some of the Bitcoin and Ethereum held by BlackRock’s exchange-traded funds, according to two Securities and Exchange Commission filings submitted on Tuesday. A digital asset trust bank is like a regular bank, but it’s allowed to hold cryptocurrencies on behalf of clients, while Anchorage also specializes in staking, trading, and governance. The world’s largest asset manager may use several custody accounts at the San Francisco-based bank...
The Securities and Exchange Commission will host its first-ever dedicated crypto trading roundtable on April 11, bringing together crypto industry leaders and traditional finance experts to help “restart” and reshape digital asset regulation. The event, titled "Between a Block and a Hard Place," is the first of a four-part series announced earlier in March. These talks were designed to establish clearer frameworks for crypto companies that have long operated in regulatory uncertainty. SEC Schedu...
