Connect with us

Cryptocurrency

Cardano, Linux Foundations To Drive Blockchain Innovation

Published

on


Cardano, Linux Foundations To Drive Blockchain Innovation

    • The Cardano Foundation has recently joined the Linux Foundation.
    • The recent membership makes the Cardano Foundation the first non-profit gold member.
    • The Cardano Foundation expressed its excitement to have the opportunity to work on its commitment to open-source.

The Cardano Foundation has joined the Linux Foundation. In an announcement released by the Cardano Foundation yesterday, Cardano stated that they have joined the Linux Foundation as a gold member. The announcement added that this makes the Cardano Foundation the only non-profit active at this level.

The Cardano Foundation also expressed its excitement to have the opportunity to work on its commitment to open-source, while also “contributing to the positive advancement of blockchain as a world-changing technology.”

The Chief Open-Source Officer at Cardano Foundation, Dirk Hohndel, sat down in an exclusive Q&A with Linux creator, Linus Torvalds, at the Open Source Summit in Austin.

Commenting on the event, Hohndel stated, “Open-source is about communities. It’s about bringing together people from different companies, countries, and backgrounds. The Cardano Foundation is focused on driving the adoption of blockchain technology and we strongly believe that building a vibrant open-source community around our technology is a key part [of] achieving that goal. “

Hohndel also stated that “The Linux Foundation, with its outstanding track record as a facilitator of collaboration around interesting open-source technology, is a perfect place for us to be.”

In addition, Jim Zemlin, executive director of the Linux Foundation, noted that “The Cardano Foundation represents a natural path to adoption of blockchain technologies to enable decentralized computing across a diverse set of applications.”

He also added that “With Dirk leading Cardano’s open-source ecosystem and the strong community already supporting this work, we’re excited to bring to bear our resources to build together into the future.”

Continue reading on CoinQuora

Cryptocurrency

Institutional crypto asset products saw record weekly outflows of $423M

Published

on


Institutional crypto asset products saw record weekly outflows of $423M

Digital asset investment products saw record outflows totaling $423 million last week, with institutional investors from Canada representing nearly all of the carnage.

According to the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, Canadian investors offloaded a whopping $487.5 worth of digital asset products between June 20 and June 24.

Flows by Asset: CoinShares

Continue Reading on Coin Telegraph

Continue Reading

Cryptocurrency

‘Crypto is just like the end of the 90s with the internet bubble,’ says Hodl CEO Maurice Mureau

Published

on


‘Crypto is just like the end of the 90s with the internet bubble,’ says Hodl CEO Maurice Mureau

For Maurice Mureau, CEO of crypto investment fund operator Hodl, there’s “not a lot left” to invest in anymore. With soaring inflation, bonds are no go, real estate is getting more difficult but there is one asset class that’s (unsurprisingly) catching the fund manager’s attention — cryptocurrencies. During the European Blockchain Convention in Barcelona this week, Cointelegraph editor Aaron Wood sat down with Mureau, who gave his insight on the outlook of the digital assets investment landscape.

“It’s just like the end of the 90s with the internet bubble, so you’re still early in the space,” said Mureau. “A very solid use case for crypto is becoming apparent in the gaming industry, where people invest time that you can earn from it, and that’s all arranged by the blockchain.” He reiterated that there would be only 21 million Bitcoin in existence with no more printing. Therefore, alluding to hyperinflation in Turkey and Argentina, Mureau said that central banks can’t print more of the digital currency. “So that, for me, makes for a very safe hedge. Thirty percent volatility in asset prices can be bad, but not if you lose 70% on your local currency’s purchasing power each year.”

Continue Reading on Coin Telegraph

Continue Reading

Cryptocurrency

Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000

Published

on


Final Capitulation — 5 reasons why Bitcoin could bottom at $10,000

Bear markets have historically been challenging to navigate for traders and the conventional set of “reliable” indicators that determine good entry points are unable to predict how long a crypto winter might last.

Bitcoin’s (BTC) recent recovery back above the psychologically important price level of $20,000 was a sign to many traders that the bottom was in, but a deeper dive into the data suggests that the short-term relief rally might not be enough proof of a macro-level trend change.

BTC/USD price normalized since all-time high (Current vs. 2017 peak) source: Delphi Digital
ETH/USD price percent drawdown (current vs. prior ATH). Source: Delphi Digital
BTC/USD weekly price vs. 14-week RSI. Source: Delphi Digital
BTC/USD price vs. 200-week SMA and 14-week RSI. Source: Delphi Digital
Crypto Fear & Greed Index. Source: Alternative
BTC/USD vs. Fed funds rate vs. Fed balance sheet. Source: Delphi Digital
BTC/USD price vs. percentage of supply in profit. Source: Delphi Digital

Continue Reading on Coin Telegraph

Continue Reading

News

Commodities18 mins ago

U.S. hostage envoy visits Venezuela in bid to free jailed Americans-sources

© Reuters. FILE PHOTO: Venezuelan President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi (not pictured) after...

Stock Markets18 mins ago

China Evergrande says winding-up lawsuit won’t impact restructuring

© Reuters. The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021....

Stock Markets18 mins ago

Toshiba board gains two directors from activist hedge funds

© Reuters. FILE PHOTO: Toshiba logos are pictured at Toshiba Corp’s annual general meeting with its shareholders in Tokyo, Japan,...

Sports & General48 mins ago

More than 40 migrants die in truck in San Antonio, others hospitalized

2/2 © Reuters. Law enforcement officers work at the scene where people were found dead inside a trailer truck in...

Cryptocurrency48 mins ago

Institutional crypto asset products saw record weekly outflows of $423M

Institutional crypto asset products saw record weekly outflows of $423M Digital asset investment products saw record outflows totaling $423 million...

Economy1 hour ago

Asia stocks edge down after Wall Street falls; oil rises

© Reuters. FILE PHOTO: A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic...

World1 hour ago

Rescuers dig for survivors of Russian missile strike on Ukrainian shopping mall

5/5 © Reuters. Rescuers work at a site of a shopping mall hit by a Russian missile strike, as Russia’s...

Sports & General1 hour ago

Dozens of migrants found dead in truck in San Antonio

2/2 © Reuters. Law enforcement officers work at the scene where people were found dead inside a trailer truck in...

Economy1 hour ago

Japan says hard to confirm impact from Russia’s debt default

© Reuters. FILE PHOTO: Japan’s new Finance Minister Shunichi Suzuki wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak,...

World1 hour ago

Russian missile strike kills 16 in shopping mall, Ukraine says

2/2 © Reuters. Ukraine’s President Volodymyr Zelenskiy attends a working session of G7 leaders via video link, as Russia’s attack...

Stock Markets1 hour ago

Asian Stocks Down as Oil Rises on Tight Supply Concerns

© Reuters By Zhang Mengying Investing.com – Asia Pacific stocks were mostly down on Tuesday morning after Wall Street fell...

Commodities2 hours ago

U.S. hostage envoy visits Venezuela for talks about jailed Americans-official

© Reuters. FILE PHOTO: Venezuelan President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi (not pictured) after...

Sports & General2 hours ago

Mexican consul en route to Texas site where migrants found dead in trailer

© Reuters. Law enforcement officers work at the scene where people were found dead inside a trailer truck in San...

Economy2 hours ago

Euro gains traction ahead of inflation data, dollar steadies

© Reuters. A shopper pays with a ten Euro bank note at a local market in Nice, France, June 7,...

Sports & General2 hours ago

At least 40 people found dead in truck in San Antonio – source

2/2 © Reuters. Law enforcement officers work at the scene where people were found dead inside a trailer truck in...

Commodities3 hours ago

Venezuelan officials meet US delegation, Maduro says

© Reuters. FILE PHOTO: Venezuelan President Nicolas Maduro speaks during a meeting with Iranian President Ebrahim Raisi (not pictured) after...

Sports & General3 hours ago

Twenty people found dead in truck in San Antonio, local media report

© Reuters (Reuters) – At least 20 people were found dead inside a trailer truck in San Antonio, Texas, local...

Stock Markets3 hours ago

China Evergrande faces winding-up lawsuit for $110 million deal obligation

© Reuters. The Evergrande Center of China Evergrande Group is seen amid other buildings in Shanghai, China, September 24, 2021....

Stock Markets3 hours ago

Heineken to expand Mexico operations with $90 million plant

© Reuters. FILE PHOTO: Heineken beer bottles are seen at a bar in Monterrey, Mexico June 20, 2017. REUTERS/Daniel Becerril/File...

Cryptocurrency4 hours ago

‘Crypto is just like the end of the 90s with the internet bubble,’ says Hodl CEO Maurice Mureau

‘Crypto is just like the end of the 90s with the internet bubble,’ says Hodl CEO Maurice Mureau For Maurice...

Stock Markets4 hours ago

U.S. commerce secretary presses lawmakers to greenlight $52 billion for chipmaking

© Reuters. FILE PHOTO: Commerce Secretary Gina Raimondo testifies on Capitol Hill in Washington, D.C., U.S., February 1, 2022. Andrew...

Stock Markets4 hours ago

JetBlue refuses to give up its quest for Spirit Airlines

© Reuters. Airplane model is placed on displayed Spirit Airlines and jetBlue Airways logos in this illustration taken, June 21,...

World4 hours ago

Biden pick for immigration enforcement withdraws after long delay

© Reuters. FILE PHOTO: Ed Gonzalez testifies on his nomination as director of the U.S. Immigration and Customs Enforcement (ICE)...

Stock Markets4 hours ago

Four big U.S. banks raise dividends after stress tests

2/2 © Reuters. A person walks past a Bank of America sign in the Manhattan borough of New York City,...

Stock Markets5 hours ago

Blackstone, Carlyle, Apollo to cover U.S. abortion-related travel costs

2/2 © Reuters. Signage is seen outside The Blackstone Group headquarters in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew...

Stock Markets5 hours ago

Nike forecasts downbeat quarterly revenue on lingering China worries

© Reuters. FILE PHOTO: People walk past a store of the sporting goods retailer Nike Inc at a shopping complex...

World5 hours ago

Trump’s election attorney John Eastman says FBI seized his phone

© Reuters. FILE PHOTO: John Eastman, former attorney for former U.S. President Donald Trump, is seen speaking in a video...

Sports & General5 hours ago

Three dead in Amtrak train crash and derailment in Missouri

(Reuters) -An Amtrak train carrying hundreds of passengers derailed in northern Missouri on Monday after hitting a dump truck at...

Stock Markets5 hours ago

Dow Futures Move Higher Following Negative Session

© Reuters. By Oliver Gray  Investing.com – U.S. stock futures were trading slightly higher in Monday’s evening deals after major...

Sports & General5 hours ago

New Mexico shields abortion clinics ahead of expected patient surge

© Reuters. FILE PHOTO: Democratic candidate for governor Michelle Lujan Grisham sits down for a meal at Barelas Coffee House...

Trending