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All Eyes on Cardano ADA After Coinbase Stellar XLM Addition

Following yesterday’s sudden addition of Stellar XLM to U.S.-based cryptocurrency exchange Coinbase, investor interest has quickly shifted to Cardano ADA.

While the entire industry is experiencing a bump in price, with Bitcoin making another run at $4000 for the third time in 2019, eleventh-largest coin by market capitalization Cardano has managed to outpace the rest of the market.

Some of the ADA price action is being driven by a buoying of the rest of the market, with most coins experiencing a double-digit appreciation since the start of the year–a welcome change from 2018’s endless downward spiral. However, many investors are also piling into Cardano from FOMO and anticipation of another Coinbase listing, with ADA being the last of a long-awaited group to be added to the exchange.

In July 2018, Coinbase announced exploration into five new cryptocurrencies for listing, addressing one of its most common customer complaints that the exchange’s offering was too limited. Of the five coins that were originally outlined in that update, Cardano is the only coin to not yet be listed.

Despite, at the time, Stellar XLM and Cardano ADA being the most popular and heavily favored choices for Coinbase to offer investors, it’s surprising that they were the last two coins to be considered–with ADA still waiting for integration. However, both coins offer significant advantages to both Coinbase users and the industry of crypto. Stellar has been at the forefront of non-profit cryptocurrency engagement, and is targeting unbanked populations in developing countries.

Cardano, similar to Ethereum, is looking to build a network of blockchain use that extends beyond monetary transfers. With the guidance of IOHK CEO and former ETH co-founder Charles Hoskinson, ADA has managed to build a fair amount of interest in the 1.5 years it has been available on the open market.

However, the current rush of ADA investors would be wise to consider the position of Coinbase. While it does appear that the exchange is set on increasing its cryptocurrency selection at an accelerated pace relative to past engagement, there is no guarantee that Cardano will be coming to Coinbase any time soon. Investors are basing their decision on the fact that XLM followed XRP’s listing by a few weeks, as opposed to the months that have traditionally passed between Coinbase listings.

Despite Coinbase announcing in December their intention to add hundreds of new currencies–with XRP being listed as one of the possible coins–some community members believe that Ripple paid for the coin to be added to the exchange. For one, the timing was convenient for both Ripple and XRP, giving a positive boost to the currency in the wake of J.P. Morgan’s JPM Coin announcement. And, as other analysts have pointed out, XRP violates Coinbase’s guidelines for listing new currencies by way of Ripple’s majority stake in the coin.

That being said, investors are attempting to make the most out of the Coinbase FOMO and new coin excitement, given the waning we have seen over the last year in the exchange’s influence on cryptocurrency prices.

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Cardano (ADA), Stellar (XLM) See Green as Investors Respond to Coinbase

Cardano (ADA), Cryptocurrency, Stellar (XLM)–Yesterday, as reported by EWN, popular U.S. based cryptocurrency exchange Coinbase announced ongoing examination of  31 new currencies, including the previously announced Cardano and Stellar. Since first teasing the world with an update last July that Coinbase would be exploring five new currencies, investors have been waiting for the addition of ADA and XLM, the eleventh and fourth positioned currency, respectively, by market capitalization.

However, instead of going with the more obvious choice of crypto listing, Coinbase has instead chosen an alternative route for delivering new coins to its 13 million and growing customer base. Following the announcement in July, the company has followed through with the listing of 0x, Basic Attention Token and ZCash, leaving the two more popular coins longer to wait as investors anticipate the usual price bump that accompanies listings. In addition, both ADA and XLM would provide an attractive addition for the exchange, with both constituting low price per coin, high supply currencies that are a deviation from what the exchange offers. Both coins also have strong ties to the growth of cryptocurrency, with XLM being in a featured relationship with IBM (including rumors possibly connecting the token to Facebook), and ADA having a host of ties to other projects through its founder and IOHK CEO Charles Hoskinson who also co-founded Ethereum. Coinbase has had a history of choosing tokens they believe promote the industry of cryptocurrency and the support of decentralization, a policy the company has pointed to when updating users about their coin addition process.

However, as we enter the final month of the year and one of the worst bearish turns for the market in an already abysmal year for token prices, investors are having to contend with the possibility that an ADA and XLM listing on Coinbase may not occur until next year. As EWN reported last week, given the mediocre price movement for ZCash ZEC following its most recent addition to the exchange, the “Coinbase Effect” on providing substantial boosts coin prices may be a thing of a past. The bulls have still managed a slight rally for ADA and XLM on the day, with both currencies posting 2-3 percent gains in an otherwise sea of red.

Interestingly, the update on 31 new currencies being explored by Coinbase also included the option of listing XRP, a coin that has had to contend with its own frustration throughout the year in relation to being added to the exchange. In the early weeks of January, while the cryptocurrency bull run was hitting its crescendo, XRP was at an all time high of $3.80 with investors pumping the price in anticipation of an addition to the exchange. Instead, Coinbase pulled the rug out from the second largest coin by market capitalization, causing its price to tumble throughout the year to a relative low of $0.25.

GIven the dire situation of the crypto markets at present, with a recovery to December 2017 prices potentially still years away, Coinbase could be looking to XRP as a way to catalyze further growth to its exchange in providing users with higher market cap coins.

The post Cardano (ADA), Stellar (XLM) See Green as Investors Respond to Coinbase appeared first on Ethereum World News.

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Cardano (ADA), Tron (TRX) and BAT Listed on the Abra App

From the 4th of September, users of the Abra app have been able to access three new cryptocurrencies on the mobile app. These cryptocurrencies are Cardano (ADA), Tron (TRX) and Basic Attention Token (BAT). The team at Abra acknowledged the main reason for listing the new digital assets, was the constant requests from the app’s users to add them. The announcement went on to add that:

We’ve been getting a lot of user requests to add various coins and tokens to the Abra app, and we are working diligently to make that happen.

We are really excited to have these coins listed on Abra, and we are working to bring more investment options to Abra users.

28 Cryptocurrencies

The mobile app now supports 28 cryptocurrencies as can be seen in the screenshot below.

28 cryptocurrencies on Abra. Source,

The Abra wallet allows you to gain exposure to all these crytocurrencies without creating a separate wallet, managing separate keys, or figuring out how to buy these digital assets on a regular crypto exchange. You can also redeem your cryptocurrencies for Bitcoin (BTC) or USD for withdrawal to your bank account.

Global and Flexible

For the aforementioned withdrawals, Abra allows users in the US and the Philippines to withdraw to their bank account. In the case of the latter country, residents in the Philippines can also deposit and withdraw funds to their wallet using a regular teller. This service is currently only available in the Philippines.

Listing Cardano (ADA) and Basic Attention Token (BAT) Before Coinbase

Popular American crypto exchange of Coinbase had earlier announced that it had plans to list the five digital assets of Cardano (ADA), Basic Attention Token (BAT), Ox (ZRX), ZCash (ZEC) and Stellar (XLM). The team at Abra have managed to beat Coinbase at listing 2 of the 5 digital assets.

Furthermore, it has been over 3 weeks since Coinbase made the announcement about exploring the possibilities of listing the 5 cryptocurrencies, therefore a verdict from the exchange should not be that far away in time.

[Photo courtesy of]

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How Cardano (ADA) Will Use GeoGnomo To Enhance Interoperability & Standards

GeoGnomo is an open source project by Long Finance’s Distributed Futures research programme.

The idea is proudly financed by Cardano (ADA) foundation and it is targeted towards researching and sharing methods employed in smart ledger geostamping. It enjoys progress owing to its ways of recording areas that also aid efficient retrieval.

It is no doubt that applications needs to go beyond storing transactions (timestamping), they requires geolocation information. This has led to the rise of ‘geostamping. Geostamping is seen as a combination of timestamping and geolocation information.

How It Works

The innovation, GeoGnomo, has built-to-share 3 approaches for recording areal information:

A Quaternary Triangular System.

Quaternary Rectangular System.

A Variable Rectangular System.

All this can be used to record geographic areas into a blockchain by generating source code, and an online translation from latitude & longitude areas to geocodes.

In this wise the blockchain use case has an immediate ‘global post code’ or ‘global zip code’ system.

In a research work published by Long  Finance, it was indicated that GeoGnomo, an open source project “exploring various forms of geocoding for use in Smart Ledgers (aka blockchains with embedded computer code). The GeoGnomo project focuses on memorable systems that provide easy ways to aggregate areas together, as well as giving users some clues to location and distance and scale.”

“By using consistent geocoding data retrieval is easier. Users can share information easily – “tell the drone to come to F49PUR9B7-20”, a resolution of 7.6 metres,” Long Finance said in a statement.

The idea is going to be added to Smart Contract platform, thereby enhancing operability and standards. Interestingly, it may be deployed by Cardano (ADA) any time soon to enhance its Smart Contract platform.

To make the idea well grinded in the minds of people interested in smart contract geostamping, Long Finance is planning a presentation on “Smart Ledger Geostamping – Steps Towards Interoperability & Standards”. This is to keep blockchain enthusiasts abreast of how.

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Bittrex to Open CryptoFiat Pairs for Cardano (ADA) and Zcash (ZEC)

Bittrex, one of the top 50 cryptocurrency exchanges by trade volume around the world, announced a few hours ago its decision to enable crypto/fiat trading pairs for Cardano and Zcash. Its official account tweeted this and later confirmed via an email sent to its subscribers.

Bittrex is excited to open two new US Dollar (USD) markets, Cardano (ADA) and Zcash (ZEC), on September 5, 2018! …

The approval process is fast and once approved you can trade all USD markets Bittrex offers today and in the future. When approved for USD deposits and withdrawals we will reply with wire transfer instructions and you will enjoy industry-leading same or next-US-business-day deposits and withdrawals. Follow us on Twitter for new USD market announcements and the latest updates.

The approval of a crypto-fiat pair is of great importance as it demonstrates the proven trustworthiness of a cryptocurrency as well as its legality and legitimacy.

Cardano is a blockchain that promises to solve the problem of scalability and interoperability by using a configuration that its team classifies as that of a third-generation blockchain. Zcash is a blockchain that has been in charge of perfecting a protocol that they qualify as zero-knowledge proofs.

The community has well received the announcement. In a few hours, the official tweet accumulated more than 1.4k likes and near 500 retweets, with positive comments from traders and enthusiasts around the world.

zcash investment

Bittrex: Crypto/Fiat Isn’t For Everyone… (Yet)

It is important to note that due to legal reasons, only some states are eligible for the Crypto/fiat markets. According to Bittrex the most suitable option for those who are not eligible is to trade crypto/crypto using the USDT (Tether) market, a stable coin that is created to maintain a constant value of 1 USD.

On its official website, Bittrex explains who can trade in USD fiat-to-crypto pairs:

“To be eligible for the USD markets you must be living or operating:

  • Outside the United States, or
  • Inside the United States in California, Washington State, New York State, Montana, or Arizona
  • Corporate customers operating in Pennsylvania are also eligible

To apply, it is important to fill out the form available in this link

At the time of writing Cardano (ADA) has a price of $0.10 for a market cap of 2.69Bn USD occupying the 9th place in the global market cap. Zcash (ZEC) is worth $149 for a market cap of $400.54Mn

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Why Cardano (ADA) And Ethereum (ETH) Co-creator Praised Tron’s (TRX) BitTorrent

It is surprising to see the founder of Cardano (ADA) and co-creator of Ethereum (ETH) Charles Hoskinson praise and regard the newly acquired BitTorrent as an example of scalable protocol thereby adding a feather to the cap of Tron (TRX).

Speaking during Crypto ICO Summit, Hoskinson said IOHK was approached in 2015 for solving three principal problems face by cryptocurrencies. According to him, the problems include scalability, interoperability, and sustainability.

He said: “So in terms of scalability, what do we want to do? Do we have any example of scalable protocols? Probably used it. It’s called BitTorrent.”

He furthered on why BitTorrent is a scalable product using the Game of Thrones and Pee-wee’s Playhouse as examples.

He made known that it is faster to download Game of Thrones with the use of BitTorrent, adding that it is the number one pirated show on the universe. He however said the download speed of Pee-Wee’s Playhouse is slow for the fact that many do not like it.

“Well, why does it get faster? When people join a torrent’s swarm, they usually add resources more than they take. So more people, more resources, faster better performance. That is a really good distributed system. That’s why half a billion users. That’s why a third of all the internet’s traffic is carried by this protocol. It’s wildly successful”

Tron (TRX) acquired BitTorrent recently, pointing that the biggest Torrent application has made them completely decentralized.

Tron’s Justin Sun acquired the product for $140 million. Then, he said all users of the protocol are automatic members of the Tron community. At the moment, Tron Foundation is working on Project Atlas, which is the integration of Tron and BitTorrent.

Tron Is Ahead

Tron may be ranked 12th in the market today, but it is among the most sophisticated coins. More than often, Tron introduces myriads of gigantic development into its ecosystem so as not to lose its class or remain moribund like some coins.

Unlike some altcoins that are full of leap service, Tron may be unsung, but it has been able to achieve quite a number of significant partnerships and adoptions that places way ahead of ordinary Cryptocurrency.

Tron Acquired Blockchain.Org

With the aim to decentralize the world, Tron delved into the Search Engine, Big Data, and Project Evaluation sector by acquiring BlockChain.Org.

Procuring BlockChain.Org, Tron intends to overthrow Google in the Search Engine sector, giving Cryptocurrency better data evaluation.

At the moment, the market may not be so bearish enough to excite lovers of Cryptocurrency, but Tron tries to encourage its supporters and investors with bounties on occasions.

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Cardano’s (ADA) Latest Update: Icarus And ‘Unsung’ Yoroi In Focus

Cardano (ADA) founder, Charles Hoskinson, decided to unveil some of the altcoin’s secret project earlier before the intended date. While unveiling the secret project, he mentioned Icarus, and today what he added to it was Yoroi, which Cardano foundation said has been updated on Cardano’s roadmap.

Many have been wondering what Icarus is.  Cardano’s blog referred Icarus as a chrome extension and “a reference implementation for a lightweight wallet developed by the IOHK”.

The idea will give developers the advantage to invent their own secure light and mobile wallets for Cardano.

Icarus is a fully open source code base that will be the first step in a range of open source initiatives to provide developers with a suite of tools for Cardano.”

Icarus, according to the update, was born out of a series of proof of concepts which began back in March, this year.

“A small section of the IOHK engineering team were interested to find out if they could demonstrate that it would be possible to create a lightweight Cardano wallet with all the features of Daedalus but that was easy to use and fast to set up.”

Unsung Yoroi: What is It?

Yoroi is a light-client wallet launched by Emurgo earlier today. Emurgo is an organisation that supports new Cardano ventures. The organization declared it was interested in releasing the first implementation of Icarus to the community. Emurgo is working on launching their implementation of Icarus, the Yoroi wallet.

However, the idea is still in the oven, but soon, Emurgo will unveil their version of Icarus, since they have already presented their technical report on how to go about it.

In Japanese, Yoroi means “great armour”, it could be linked to the kind of “secure armament that Samurais would wear to protect themselves”.

Cardano (ADA) In The Fresh Market Boom

The last 24hrs has been a turnaround for most coins in the market, as their colour got modified from red to green like a chameleon.

Ranked 8th in the market according to market cap, Cardano seems to be part of the top gainers in the market today moving towards the north.

With about 11% addition in value, Cardano (ADA) which started the last 24hrs with a market price of $0.0903 against Dollar now maintains $0.1003 after reaching $0.1013 which is its highest price of the day.

Even though the altcoin experienced about 11% reduction in value in the last seven day after falling drastically on August 13, its fresh green colour looks to appease the mind of its lovers and investors a bit.

Attaching believe to the well decorated road map of the altcoin, many have hyped their hope that a bigger development awaits Cardano in the coming days.


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Coinbase Custody Service Is Considering Storage for XRP and More Digital Assets

The Coinbase Custody storage service made an announcement on the 3rd of August, that it was exploring a range of new digital assets. They however made it clear that they were not considering the assets for trading. The announcement clearly stated the following:

Coinbase Custody is exploring the addition of many existing and forthcoming crypto assets for storage only, and will be working to add them as quickly and safely as possible. At this time, we have not yet considered these assets for trading. We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.

The new digital assets being explored are 37 in total and as follows:

  1. Cardano (ADA)
  2. ZCash (ZEC)
  3. Stellar (XLM)
  4. XRP
  5. EOS
  6. Monero (XMR)
  7. VeChain (VEN)
  8. Tezos (XTZ)
  9. Qtum (QTUM)
  10. Bytecoin (BCN)
  11. Bitcoin Gold (BTG)
  12. Decred (DCR)
  13. Bithsares (BTS)
  14. ICON (ICX)
  15. Ontology (ONT)
  16. STEEM
  17. Dogecoin (DOGE)
  18. SiaCoin (SC)
  19. Wanchain (WAN)
  20. Nano (NANO)
  21. Telegram
  22. Filecoin
  23. TaTaTu
  24. Dfinity
  25. Blockstack
  26. Basis
  27. NEO
  28. DASH
  29. NEM (XEM)
  30. TrustToken
  31. Hedera HashGraph
  32. TokenCard
  33. Polkadot
  34. Kik
  35. Props
  36. Origin
  37. Foam

The team at Coinbase Custody went on to explain to their users that they might see public-facing APIs and other signs that indicate they are conducting engineering works to support these new digital assets. This however will not be an indication of 100% commitment of adding the digital assets and they will provide updates to their customers about the process and what to expect via their Twitter page.

Coinbase Custody is a storage service for institutional investors that provides a secure storage for crypto assets for institutions in both the US and Europe. They also hope to expand to Asia by the end of the year.

Coinbase has pioneered digital storage for the last 6 years and has a track record of being in custody of up to $20 Billion in crypto assets. This experience and expertise in the industry will allow the crypto exchange to offer the following additional unique features for its clients:

  • On-chain segregation of crypto assets
  • Split, offline private keys that require a quorum of geographically distributed agents to use cryptographic hardware to sign transactions
  • Multiple layers of security
  • Robust cold storage auditing and reporting


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Is Cardano (ADA) a Better Investment Option than XRP and LTC for The Rest of 2018?

The signs and signals in the crypto-markets are indicating a resurgence of Bitcoin (BTC) to past glory as witnessed in the second half of 2017. By the end of July last year, The King of Crypto was valued at $2,700. Less than 6 months later, and on the 17th of December, BTC was valued at $20,000: a percentage increase of 640%. Could we be headed for a similar rally in 2018?

It is with the latter question that many crypto-traders and investors are looking for investment choices that will bring favorable returns once BTC confirms that this is indeed a Bull run and not a bull trap.

Looking at our favorite options of XRP (XRP) and Litecoin (LTC), the two coins have a lot going on both in terms of still being a favorable investment option as well as what might make crypto-investors to think twice about the two digital assets.

XRP (XRP) has recently gone through a rebranding effort to separate the digital asset from the company of Ripple. This is partly due to the fact that the SEC has yet to classify the digital asset as a security or not. There are also 3 pending lawsuits against the Ripple company that all claim XRP is a security and the Ripple company failed to register the asset as such. The outcomes of the lawsuits are a great unknown that is probably leading a few investors away from XRP.

With respect to LTC, the Litecoin Foundation recently acquired a 9.9% stake in Germany’s WEB bank through a partnership with TokenPay that also touches on Verge (XVG) indirectly. This is due to the fact that TokenPay and Verge are solid partners. LTC is trying to recover from the disappointments of Litepay and the FUD that Charlie Lee sold out on the project. In fact, Charlie has removed the proverbial boxing gloves and is responding to criticism on twitter directly as can be seen when he stated the following:

I’m trying my best to get LTC to $400 so people like you will stop shitting on me all the time. Who abandoned LTC?!

Switching our attention to Cardano (ADA), the coin is looking more attractive by the day. To begin with, there are news of the Coinbase exchange considering the addition of ADA to the platform together with 4 other digital assets of BAT, XLM, ZRX and ZEC. This news sent the values of each of these digital assets to the roof in a matter of hours. A Coinbase addition of ADA would confirm that ADA is indeed a solid investment option for Coinbase has been known to pick only the best digital assets and to provide services geared towards institutional investors.

Secondly, Charles Hoskinson, CEO of IOHK and co-founder of Cardano, recently expressed his vision for the cryptocurrency when he said the following:

I would love to see Cardano as the first trillion dollar cryptocurrency and the reason being is that that would effectively mean that we have built a self-sustaining economy.

Knowing that the Cardano project is driven purely by research, his vision could become a reality in the near future also due to the fact of the stellar team behind the project and platform. When making an investment option, researching who is behind the project, is wise before you buy in. The team at Cardano look like the real deal.

Therefore, it is with these few points that it might be a wiser decision to stock up on Cardano for the rest of 2018 rather than our favorite assets of XRP and LTC. With BTC looking ready to Run with the Bulls, early investment decisions are what make the difference.

Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.


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Bitcoin (BTC) Breaks $8,000 as Alt-coins Suffer

Bitcoin (BTC) has done it! Bitcoin (BTC) has broken the $8,000 price ceiling. According to, BTC gained well from values of $7,724 to $8,006 in a matter of 5 hours. Some exchanges such as Binance, witnessed a higher value of BTC at around $8,047. The King of Crypto is currently trading at $7,989 and up 3.72% in the last 24 hours at the moment of writing this.

BTC reaching $8,006. Source,

Many crypto-traders and enthusiasts believe this is the start of something great in the form of another Bitcoin Bull run that could lead to the King of Crypto finishing the year at a value greater than last year’s peak of $20,000.

In an interview to CNBC’s ‘Fast Money’, Brian Kelly, CEO of the digital asset focused BKCM fund, gave the following reasons as to why Bitcoin is beginning to look more bullish.

  • Upcoming Bitcoin ETF decision by the SEC
  • More institutional investors considering cryptocurrencies and blockchain tech as investment options
  • The advancement of blockchain as ‘Web 3.0’
  • End of Bitcoin selling pressure in the markets

Brian Kelly’s remarks coincide with Bitcoin further gaining dominance in the crypto markets to current levels of 46.8%. BTC dominance was 46% only 24 hours ago when Ethereum World News covered the story. With the total crypto market capitalization yet to reach $300 Billion and at current levels of $293 Billion, it is the alternative coins that seem to be suffering from the dominance of Bitcoin.

Looking at the cryptomarkets, Ethereum (ETH) is yet to break the $500 mark and is currently trading at $470 and only up 1.11% compared to Bitcoins 3.79% in the last 24 hours. XRP is currently $0.45 and down 0.84% in the last 24 hours.

The losses of XRP are not unique to the remittance coin. Other coins that have shown a decrease in value are as follows and at the moment of writing this:

  • EOS –  down 1.53% in the last 24 hours and trading at $8.09
  • Stellar (XLM)  – down 0.08% in the last 24 hours and trading at $0.29
  • Cardano (ADA) – down 0.73% and currently trading at $0.168
  • IOTA – down 2.84% in the last 24 hours and currently trading at $0.96
  • Tron (TRX) – down 1.22% in the last 24 hours and currently trading at $0.035

The only logical conclusion is that investors, who include regular crypto-traders, have transferred their funds from their favorite alt-coins to BTC for the King of Crypto is showing signs of sprinting to the finish line at a value higher than last year’s peak of $20,000.

Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.