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Google Does Not Need To Partner With Me, Bitcoin, Or Ethereum, Says Cardano (ADA) Founder

Cardano (ADA) co-founder has made some clarifications on his meeting with crypto enthusiasts at the Google’s London office saying there is no point in Google partnering with a cryptocurrency platform.

Many observers after the meeting have pointed that there is a possible partnership between the two firms for the fact that Google initiated the meeting.

During Charles’s Hoskinson’s surprise Reddit Ask Me Anything (AMA) session, the co-founder of Cardano (ADA) and CEO of IOHK, who also co-founder Ethereum (ETH) expatiated on his visit to the office.

He said Google told him they would like to ask some questions about the technology behind the cryptocurrency, and Cardano’s use cases.

“Hey, We’d like to ask you lots of questions about the cryptocurrency space, about the technology that Cardano has, and what IOHK does as a company.”

To the demand, Cardano founder and team took their time to answer questions posed by the gathering.

However, answering questions on Google decision to partner with Cardano, Charles makes it clear that Google does not need to partner any cryptocurrency to explore the space, inferring that there is no possible partnership between the two firms.

“If Google is going to do a cryptocurrency, Google does not need to partner with me, and they don’t need to partner with Bitcoin, Ethereum, or anything else. They are just going to go ahead and do their own thing.”

He added: “Google is a good patron of open-source technology, and many of their employees do invest their weekends and at least one day a week on contributing to some open-source project. And Google does a very large internal cryptocurrency and blockchain mailing list. A lot of their employees love this space. In fact, Mike Hearn, one of the most famous Googlers was originally a core developer of Bitcoin.”

Since Google put a ban on cryptocurrency related ICO, there is rumour Google is planning to establish its cryptocurrency firm. Interestingly, on a tweet later taken down, Ethereum (ETH) co-founder, Vitalik Buterin, had said Google recruiter contacted him for a cryptocurrency related work with Google.

Meanwhile, cryptocurrency trader Ran Neu-Ner, who hosts CNBC Africa’s Crypto Trader program, has said Cardano is an undervalued.

“It’s a blockchain protocol. Which I think is highly undervalued.”

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CNBC “Crypto Trader” Labels Cardano (ADA) As Undervalued

CARDANO (ADA)–Despite the plunging price of Bitcoin to levels not seen since last October, CNBC’s Crypto Trader remains bullish on the possibility of several altcoins, listing Cardano’s ADA currency as “undervalued.”

Cryptocurrency trader Ran Neu-Ner, who hosts CNBC Africa’s Crypto Trader program, told audiences on Fast Money, “There’s more blood to come,” in regards to the falling price of Bitcoin and the general decline of the cryptocurrency markets. Bitcoin broke the 6k USD mark yesterday evening, extending all the way into the 5800 USD range, reaching a relative low in value for the first time since October 2017. While the plunging price of BTC–and by extension, the entire altcoin market–follows on the heels of news surrounding the failure of lightning network in its present state (a protocol to reduce BTC fees and transaction times), the entire market is also responding to a general sentiment that the price will continue to drop. Cryptocurrency hedge funds, of which hundreds opened throughout last year, are reaching the critical point where investors can ask to take profit from their investment (forced sales), leading to a potential selloff in the market worth billions to the capitalization.

Given the negative attitude towards BTC’s price rallying in the near term, Neu-Ner has taken a bearish stance on the currency, predicting the price fall could extend into the 5300 USD range before the market starts to see a reversal, “Right now my money is on the market continuing to go down.”

Neu-Ner, founder of OnChain Capita, has been negative towards the price of BTC in the past, saying earlier in the month that he could see BTC testing 5000 USD in the near-term. He does argue that BTC pricing could form a floor when the cost of production (miner fees paid in electricity and equipment to process transactions and mine new coins) outweighs the benefit of selling at such a depressed price. Miners, in that situation, will be more compelled to hold their coins until price levels become more palatable–thereby drying up a portion of the current selling population.

Neu-Ner did give support for the future of cryptocurrency, saying that investors bullish on the technology should view this as a buyer’s market,

“If you understand the technology and you’re a bull, then now is a great time to be buying…The blockchain is progressing and this thing isn’t going away.”

In particular, the crypto trader highlighted Cardano’s ADA as a cryptocurrency for investors to consider, in addition to listing the altcoin as undervalued. When determining his next prediction for a successful currency, he stated looking at blockchain technology and infrastructure, which led him to Cardano and Neo.

Speaking specifically about his interest in Cardano, Neu-Ner had this to say,

“It’s a blockchain protocol. Which I think is highly undervalued.”

While the price of Cardano continues to fall coinciding with the slipping crypto market (ADA down to 0.11 USD as of writing), the eighth cryptocurrency by market cap saw positive news in the form of founder Charles Hoskinson meeting with Google to discuss the future of blockchain and crypto application.

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