Could This New Partnership With Blockchain Venture Studio Be The Catalyst That Sparks A Resurgence Of ADA?

Cardano (ADA) Remains Bullish And Overtakes Bitcoin SV As Market Sees Slight Price Slip

Charles Hoskinson, the founder of Cardano seems to be a busy bee in the cryptosphere lately. Just a few days ago, he announced that Cardano version 1.6 would be going live in a few days. Now yesterday, Cardano Foundation broke the news of a major with blockchain venture studio based in Berlin, Germany, Konfidio to foster widespread adoption of Cardano.

The Dream Team

In a tweet, Cardano foundation stated:

“The Cardano Foundation and @konfidio a Berlin-based blockchain venture studio, have entered into a strategic partnership to enable real-world business use cases on the #Cardano #blockchain with corporations, SMESs and government.”

The tweet also provides a direct link to a blog post giving further details about this partnership. As per this publication:

“This is the first such alliance for the Zug-headquartered Foundation, one of the world’s leading not-for-profit blockchain organizations and is in line with the mission to create and unlock value by driving the adoption of the Cardano blockchain.”

Konfidio is a company builder and enterprise accelerator that utilizes the blockchain technology to build decentralized applications (DApps) that are enterprise scale. In the initial stages, this partnership will laser in on use cases in four major sectors: banking, pharmaceutical industries, logistics, and trade finance. Later on, the partnership will incorporate use cases in the government and public services.

Nathan Keiser, the chairperson of the Cardano Foundation mentioned that the location of Konfidio gives this collaboration an edge, referring to Berlin as a “global blockchain center”. He also said that the partnership will help the Cardano Foundation gain traction in Europe and Germany.

Konfidio’s founder and CEO Dr. Mervyn G. Maistry expounded on the role of Konfidio in this collaboration saying:

“Our aim is to increase the understanding of the protocol in both corporate and startup environments and accelerate value-add for both Cardano, the blockchain community and our clients.”

What Does This Partnership Mean For ADA Prices?

This grand partnership is envisioned to boost the prices of ADA and the effects be evident in the next coming days. Meanwhile, ADA continues to display a lackluster performance.

On Thursday, ADA showed a few signs of a price recovery before succumbing to the market pressure engulfing the overall crypto market. ADA has since dropped from $0.0472 to $0.045277 at press time, with 2.44 percent losses within the last 24 hours. The short-term bias looks bearish for the 13th largest cryptocurrency but this partnership could be ADA’s silver bullet.

The post Could This New Partnership With Blockchain Venture Studio Be The Catalyst That Sparks A Resurgence Of ADA? appeared first on ZyCrypto.


Source: zycrypto
Could This New Partnership With Blockchain Venture Studio Be The Catalyst That Sparks A Resurgence Of ADA?

Related posts

BTC At $220k: Could Ancient Mathematics Be The Key To Unlocking Bitcoin Prices?

Investment Executives Of Multi-Billion Dollar Firms Are Biting The Bitcoin Pie

The code that runs behind any cryptocurrency is always a mystery to many, especially considering that cryptography is basically mathematical models put together to form a meaningful system. For all it’s worth, Bitcoin takes the mantle as the very first successful system that came into existence as a functioning crypto network. 

However, what’s now interesting many mathematicians and analysts is ’s apparent adherence to a particular mathematical model in regard to how it’s price changes. A recent report by an analyst claims that Bitcoin may be following a Fibonacci number sequence that seems to dictate its price ups and bottoms over time.

What If The Number Sequence Is Legit?

The Fibonacci number sequence is a mathematical model developed by a renown mathematician, Leonardo Bonacci, back in the Middle Ages. Leonardo may well be the most successful and talented European mathematician of his time. For years, crypto traders have used Fib Tools to guide them in decision-making by analyzing price levels, price charts, trends, and turning points to estimate the next good moment to invest.

As a matter of fact, there are claims that Bitcoin has adhered to a given price mechanism for four consecutive times, raising questions of whether its coding might actually be designed that way. If that’s the case, the analyst pegs the next Bitcoin ups at around $220k and the bottom at around $36k.

What It Means

Basically, what this means is that Bitcoin isn’t yet done with positive price action. Also, the apparent anticipation of huge price hike in the future may very well trigger FOMO within the fan base and actually cause the initial bull run as people rush in to buy before it’s too late. Looking at the current price at $10k, it’s pretty clear that the next bottom would still be more than thrice higher than the current value.

The post BTC At $220k: Could Ancient Mathematics Be The Key To Unlocking Bitcoin Prices? appeared first on ZyCrypto.


Source: zycrypto
BTC At 0k: Could Ancient Mathematics Be The Key To Unlocking Bitcoin Prices?

Related posts

Bitcoin could possibly gain from economic uncertainty in China as one source describes the country’s third major bank bailout of 2019 as the world’s “biggest credit bubble

Bitcoin could possibly gain from economic uncertainty in China as one source describes the country’s third major bank bailout of 2019 as the world’s “biggest credit bubble submitted by /u/ICO_CONSULTING
[link] [comments]


Source:
Bitcoin could possibly gain from economic uncertainty in China as one source describes the country’s third major bank bailout of 2019 as the world’s “biggest credit bubble

Related posts

XRP Could Fall 20%, Says Trader Accusing Ripple of Manipulating Market

Peter Brandy prepares traders for big losses


Source: cointelegraph
XRP Could Fall 20%, Says Trader Accusing Ripple of Manipulating Market

Related posts

Investors could exit at any time from a project they invest on FutureDAO

Investors could exit at any time from a project they invest on FutureDAO submitted by /u/NewEconoLab
[link] [comments]


Source:
Investors could exit at any time from a project they invest on FutureDAO

Related posts

Dash could remain one of the few major coins to have optional privacy. Could be a better choice for regulation in the future

Dash could remain one of the few major coins to have optional privacy. Could be a better choice for regulation in the future submitted by /u/Lama_43
[link] [comments]


Source: dashpay
Dash could remain one of the few major coins to have optional privacy. Could be a better choice for regulation in the future

Related posts

NEO 3.0 could supercharge its growth

NEO 3.0 could supercharge its growth submitted by /u/justin7942163
[link] [comments]


Source:
NEO 3.0 could supercharge its growth

Related posts

Argentina situation : could Bitcoin be a hero?

Mauricio Macri’s poor showing in primary elections on Sunday will likely trigger a major selloff in (on equities).Opposition candidate Alberto Fernandez and his running mate, former President Cristina Fernandez de Kirchner, won by a much wider-than-expected margin over Macri, worrying who were already trimming exposure to Argentine assets.

The result of the primaries, a key gauge of voter intentions ahead of the Oct. 27 election, will likely be seen as a signal that the country may look to return to policies such as currency and capital controls, steering away from Macri’s more market-friendly positions. This benefit again as a worldwide alternative to traditional fiat and government control.

What do you think? Could Bitcoin be a Hero?

submitted by /u/Sylfaen8
[link] [comments]
Source:
Argentina situation : could Bitcoin be a hero?

Related posts

Could Britain’s Brexit Boost Bitcoin to New All-Time Highs?

bitcoin brexit

A number of fundamentals have been driving in recent weeks, such as the escalating US China trade war and the UK’s from the EU. Some analysts foresee a all-time high for on the back of one of these events.


Bitcoin Boosted by Economic Woes

According to a report in the Independent, a no-deal send bitcoin soaring. The UK has been in a stalemate with European lawmakers over its departure from the union for almost three years now. This economic uncertainty has caused the GBP to slump to its lowest levels in over a decade. With EU bureaucrats standing fast and not willing to negotiate, a no-deal or ‘hard’ is looming on October 31.

CEO of blockchain firm CommerceBlock, Nicholas Gregory, commented that this could send bitcoin to a new all-time high this year.

Bitcoin has rediscovered its mojo this year with multiple mini surges, but a no-deal Brexit could see a massive and unprecedented breakout. Not only will a no-deal departure from the EU create turmoil and volatility across two major fiat currencies, it will also trigger an identity crisis for the global system as the contingency and vulnerability of major global fiat currencies is laid bare.

The ‘safe haven’ argument has been increasingly applied to bitcoin in recent months as global economies and their fiat currencies come under pressure from political and financial tensions. Just like gold, BTC is now viewed as a store of value free from state meddling or global politics. Bloomberg noted that bitcoin’s price correlation with gold has doubled over the past three months.

Analyst at trading platform eToro, Simon Peters, noted that gold has traditionally been the go-to safe haven asset, adding;

Yet bitcoin also seems to have served a similar purpose. Given that Chinese make up a large proportion of crypto , there’s a strong possibility some are backing bitcoin’s chances against the yuan.

The pressure on and its new prime minister, Boris Johnson, is mounting. He has maintained that the UK will exit the EU on that date with or without a deal. Following a majority vote in a referendum in June 2016, has been in a state of economic uncertainty as inept politicians argued over their own agendas with no clear path forward.

Fiat Failures

Gregory added that this would cause bitcoin’s place in the global economy to shift.

Come 2020, we expect an increasingly populist and politically unstable world to cement the safe haven status of bitcoin and other cryptocurrencies more generally. And if central banks revert to ramping up the money printing all over again, the case for cryptocurrencies like bitcoin whose supply is capped will be further reinforced. Each time a central bank increases the money supply, it’s another nail in the coffin of fiat.

This may be closer to the truth since Britain is hardly a center for bitcoin and cryptocurrency adoption; very few of its 66 million people even know what it is. Nonetheless, the wider implications of Brexit and financial uncertainty regarding fiat could certainly increase demand for BTC and digital assets which are immune from government or central bank manipulation.

Will Brexit have an impact on bitcoin prices? Add your thoughts below.


Images via Shutterstock

The post Could Britain’s Brexit Boost Bitcoin to New All-Time Highs? appeared first on Bitcoinist.com.


Source: bitcoinist
Could Britain’s Brexit Boost Bitcoin to New All-Time Highs?

Related posts

Bitcoin Could Surge To $20k In A Few Weeks According to Cryptocurrency Analyst

Nicholas Merten, a recognized YouTuber and crypto analyst, considers that move towards $15,000 and $20,000 in a matter of weeks. He said that in a recent […]

The post Bitcoin Could Surge To $20k In A Few Weeks According to Cryptocurrency Analyst appeared first on UseTheBitcoin.


Source: usethebitcoin
Bitcoin Could Surge To k In A Few Weeks According to Cryptocurrency Analyst

Related posts