ADA, the native token of the Cardano blockchain, is on a bullish run. The token has gained over 13% in terms of price movements as it tries to recover its October losses. ADA also boasted significant gains earlier today; however, it is down 1.46% at $0.4046. Cardano’s weekly gains are not the only thing community members are celebrating. The blockchain’s NFT sector has also experienced substantial gains. Cardano community members also hope that some big changes will come to the blockchain this November.  Related Reading: Dogecoin (DOGE) Rallies With Over 10% Gains; Will Price Finally Hit $0.1? Cardano Gains Over 13% As European Parliament Member Calls It A “Rocket” Cardano has bagged impressive gains in the last 7 days, leaving traders with an overall gain of more than 13%. The blockchain network’s activity in the last 24 hours also shows a substantial increase in trading volume and number of transactions. Specifically, ADA outpaced the market with a 150% increase in trading volume in the last day alone. The token’s weekly chart also showed impressive gains. ADA increased by over 13%, making it one of the top performers among all cryptocurrencies. The ADA/USD pair broke above the resistance level of $0.36, which could be considered a positive sign for investors. The recent surge in ADA prices comes after a European parliament member called the cryptocurrency “a rocket in the crypto space.” MEP Stefan Berger commented on Twitter after his encounter with Frederik Gregaard, CEO of the Cardano Foundation.  ADA listing On FTX Might Be Disastrous, Cardano Founder And BitBoy Argue Ben “BitBoy” Armstrong, a crypto influencer, voiced his reservations over ADA listing on FTX on Tuesday, Oct. 24. BitBoy tweeted that FTX might compel bankrupt crypto broker Voyager to liquidate all ADA holdings with the spot pair listing. In response, Cardano co-founder Charles Hoskinson said that Voyager ADA accounts should not be liquidated if FTX begins trading ADA. FTX’s CEO, Sam Bankman-Fried, has been silent thus far. ADA Experiencing A Mini Bull-Run, Cardano Educator A popular Cardano influencer has remarked that the crypto is in the midst of a bull run. The influencer, known pseudonymously as ADA Whale, made the statement on Twitter yesterday (October 25th) while referring to the network’s recent activities. The influencer wrote: We’re in the midst of a mini bull run in network activity with daily txn tending to 100k at a blockchain load of 50%. The educator noted two factors were responsible for the bull run. “The uptick is mostly thanks to the NFTs bull run, but trading on dexes has also notably picked up in recent weeks,” ADA Whale added. Related Reading: Is Bitcoin Rise Above $20k Sustainable? Here’s What On-Chain Data Says Prior to this, the Cardano educator made bullish predictions about the token. He noted that Cardano would “explode” in the next bull cycle once “DeFi, NFTs, and community engagement” start taking off. The educators mentioned that institutional investors appear to be losing interest in layer one (“L1”) blockchains. Therefore, it should provide space for Cardano (with its highly devoted and passionate community) to “thrive.” Featured image from Pixabay and chart from TradingView.com

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Ethereum reclaimed $3K once again with Bitcoin charting a 20-day high and hit $43,000 as we can see more in today’s latest altcoin news. After dipping below $41,000, BTC went on the offensive again and exceeded $43,000 with other altcoins being in the green and ADA nearing $1 while Ethereum reclaimed $3K. The reports show […]

Music metaverse company Ristband is using all the technology at its disposal to revolutionize the live music industry. Attendees from all around the world converged on Austin, TX last week for SXSW 2022. The ten-day event was filled with incredible sessions led by educators and XR industry leaders that touched on everything from the metaverse, […]

The post AR Technology Meets Music At SXSW 2022 appeared first on VRScout.

In the final 7 days, Cardano is among the finest performers on the crypto high 10 by market cap. Proof-of-Stake networks lead the market, as Bitcoin and others stand within the again. Related Reading | Cardano (ADA) Takes A Tumble After Hoskinson Is Accused Of Falsifying Credentials Avalanche (AVAX) data nearly 30% in income, as […]

The post Cardano Soars 13% On Rumors Of Burn Mechanism, Hoskinson Reacts appeared first on Bitcoin Upload.

In the last 7 days, Cardano is one of the best performers on the crypto top 10 by market cap. Proof-of-Stake networks lead the market, as Bitcoin and others stand in the back. Related Reading | Cardano (ADA) Takes A Tumble After Hoskinson Is Accused Of Falsifying Credentials Avalanche (AVAX) records almost 30% in profits, as Ethereum (ETH) records 16% and Cardano (ADA) 13% profits over the past week. ADA’s price trades at $0.89, as of press time, and could see further gains in the short term as the market experiences further gains. ADA’s price appreciation could be fueled by rumors about the potential implementation of a burn mechanism for Cardano. The news was shared on Twitter by WatcherGuru triggering a reaction from the ADA community. The source of the rumor could be a tweet from Clark Alesna, developer and CEO of a company called SAIB Inc. Alesna accepted a “challenge” from Hoskinson and said he will start production of a burn smart contract for ADA. Alesna said: It seems like no one really took Charles Hoskinson challenge to build a #Cardano $ADA burn smart contract challenge that he put out some time ago. So, I’m taking matters into my own hands and started to plan and code it this weekend. I’ll update you guys soon. However, the tweet and its replies suggest Alesna was simply joking. The message by taken seriously by certain media outlets which triggered a reply from Hoskinson himself. The inventor of Cardano shared the following meme as a response to these reports. https://t.co/f9qU9xW5gl pic.twitter.com/KfaZEEBXrw — Charles Hoskinson (@IOHK_Charles) March 19, 2022 The ADA community seems to agree a burning mechanism will never be implemented on Cardano and classified the rumors as “misleading”. Most of the users seem to agree this system will bring disadvantages to the network. A pseudonym user said: Misleading information. There will never be layer 1 chain burns. You can’t burn utxo protocol just like bitcoin. Token means layer 2 blockchain on Cardano may require burns. Have to get this clear. Why eth burn? Because they build very differently in terms of accounting model. We shall not talk about them as they are struggling to roll out decentralised proof of stake. The Cardano Ecosystem On Fire Data shared by Hoskinson suggest the Cardano ecosystem has been expanding since the implementation of its smart contract capabilities. As seen below, there are over 500 projects building on this network, per Hoskinson. Currently, Non-Fungible Tokens (NFTs) seem to be dominating development on this network, native marketplaces for these digital assets follow at a much smaller scale, with Decentralized Exchanges (DEX), GamiFi, and wallets. Related Reading | Cardano (ADA) Attains 9th Position in Market Valuation During Ecosystem Inflows He hinted at the continuation of this trend, as Cardano deepest into its third era of development, known as Basho. Hoskinson said: “Moving the chains. A large wave will come after June when the Vasil hardfork happens”. This could potentially support the continuation of the current bullish trend for ADA’s price.

Winamp is a media player established by Justin Frankel and Dmitry Boldyrev by their company Nullsoft. In recent news, Winamp, a third-party media player, stole the limelight by announcing an NFT. Tied to the original 1997 skin, Winamp will sell an NFT on the popular OpenSea website. This auction will continue for 7 days, i.e.,...

The post Iconic 1997 Skin to be Auctioned by Winamp appeared first on Cryptoverze.

The Gimmicks is a new Solana NFT animated wrestling series founded by the animation studio Toonstar in collaboration with Six Wall, the production house of American Actress Mila Kunis. In a press conference following the announcement, Toonstar CEO John Attanasio described the Mila Kunis-backed show as “South Park meets WWE, but interactive and greasier.” The...

The post The Gimmicks – New Solana NFT Animated Series Launched by Mila Kunis appeared first on Cryptoverze.

PrimeXBT is a rapidly growing margin trading platform offering cryptocurrencies, commodities, forex, and stock indices under one roof. With the platform recently increasing the list of trading instruments to more than 100, it was high time for an in-depth review to examine more deeply what the award-winning venue has to offer. Within the review below, […]

MELBOURNE, Mar 11, 2022 - (ACN Newswire) - Mitrade, the Melbourne-based Forex and OTC derivatives online trading broker, has received four exalted Forex awards by the International Business Magazine at International Business Awards 2022 (Asia).

Mitrade was named the Best Forex Trading Platform Australia 2022, the Most Transparent Forex Broker Global 2022, the Best Forex Educational Resources Global 2022, and the Most Trusted Forex Broker Asia 2022.

International Business Magazine recognizes better risk management, rapid growth, cross-platform compatibility, and transparency in the execution of transactions along with other elements of the ecosystem of Forex trading. International Business Magazine champions best performing Forex brands on the regional and global levels.

They reward performers for pioneering technology, super-responsive customer support, market research tools, tiered approach to trading education, and a user-friendly interface.

This award is a yardstick of success for Mitrade as award winners are nominated and selected by a team of unbiased, dynamic, and well-trained field experts. The award process is supervised by expert panelists who are experts in key subject matters, judging panelists who make up the research team, and an editor. The team carries out in-depth analysis and declares as winners the best performers among Forex trading service providers.

"We feel privileged and profoundly humbled upon receiving these awards for providing devoted trading services to our worldwide customers. These prizes reflect our commitment to consistently innovate and upgrade our trading platform. In this moment of elation and pride, we extend our gratitude to our customers who embraced our self-developed trading platform and valued our technology. We strive to supply an intuitive trading platform to traders in Australia and around the world. This achievement encouraged our team to further improve our services for our users and be an inspiring leader in Forex trading," said a representative of Mitrade.

Mitrade witnessed brisk growth since it went through the restructuring process in 2019. Key reasons behind its massive and generous acceptance by the global trading community are low threshold trading, extensive market research tools, and a straightforward trading platform.

Mitrade has a user-friendly app for Android and iOS users, and an innovative WebTrader, which respond to users to different platforms. Mitrade has also broadened its platform offerings to 400 products including commodities such as gold, Forex, US shares like Tesla, crypto currencies, and indices.

The founders of Mitrade are experts in technology and finance veterans. Their iron will to achieve excellence and innovation has made possible for Mitrade to win illustrious awards and the trust of the global trading community. The founding team has first-hand intelligence of the specific needs of swing traders and savvy investors. Keeping this in consideration, the founders came up with inventive solutions to streamline trading procedures. On top of this, the founding team has maintained a customer-first strategy.

Mitrade lowers the cost of trading by offering zero commissions. It provides educational programs that suit beginner, intermediate, and advanced level traders. Mitrade furnishes its mobile and web apps with live support. The self-developed platform administers dynamic charting and real-time email and SMS push notifications as well. On top of this, Mitrade regularly updates its systems to ensure that users enjoy an excellent trading experience.

Mitrade's mobile app has hit 1 million downloads on Google Play. The company also has amassed 1,100,000 active users in less than two years. Its transparent transaction execution and user-friendly interfaces have been the key factors in attracting new users from around the world.

For continuous innovation and service delivery, Mitrade has won the Most Innovative Forex financial technology Broker 2021 award by Global Brands Magazine. Mitrade has also won the Best Forex Broker Asia 2021 award by FxDailyInfo. Mitrade has a decorated collection of awards to its credit. View the collection at https://www.mitrade.com/about-us/awards.

For media inquiry, please contact Ms Belle Toh at [email protected].

Mitrade's OTC derivatives trading carry high leverage and may lead to the loss of your whole capital.

About Mitrade

Mitrade is an innovative financial technology group and a leading service provider of Forex trading, crypto currency trading, and CFD trading. The company's functions are strictly regulated by the Mauritius Financial Services Commission (FSC), Australian Securities and Investments Commission (ASIC) and the Cayman Islands Monetary Authority (CIMA). Mitrade has set up its offices across all continents, and it caters to investors and traders across the world. Mitrade is firmly and conscientiously pursuing its mission to bring innovation and simplification in trading, and to ensure transparent transactions. Explore Mitrade at https://www.mitrade.com.

Media contact
Belle Toh, Mitrade Holding Ltd
Email: [email protected]
Website: https://www.mitrade.com/

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comMitrade, the Melbourne-based Forex and OTC derivatives online trading broker, has received four exalted Forex awards by the International Business Magazine at International Business Awards 2022 (Asia).

An end-to-end digital retail experience connecting brand, retailer and consumer PLEASANTON, Calif.–(BUSINESS WIRE)–Tekion, innovator of the Automotive Retail Cloud® (ARC), the first and fastest cloud-native automotive retail SaaS platform, today announced the launch of its Automotive Enterprise Cloud (AEC) to unify the Original Equipment Manufacturer (OEM), retailer, and consumer vehicle purchase journey from website to […]

The post Tekion Launches Automotive Enterprise Cloud appeared first on Fintech News.

Crypto exchange FTX Europe partnered with Tomorrowland to bring NFT and Web3 opportunities to music fans.