Cardano News Today- Bitcoin and other digital currencies have become popular due to the solution they provide to the payment system. Besides, they evade the control exercised by the government over the traditional financial system. However, it seems the crypto space will soon bid its independence goodbye.Cardano News Today – Cardano Latest Update – The Cardano Foundation Spare Heads Regulations
On Thursday, the Cardano Foundation announced that it recently joined Global Digital Finance (GDF), to contribute to setting regulations for cryptocurrencies. The Cardano Foundation is among the three groups behind the creation of the Cardano blockchain and its cryptocurrency, ADA. The Cardano Foundation, IOHK, and EMURGO were the three organizations that developed the Cardano blockchain.
The Foundation aims at expanding across the globe. The founder, Charles Hoskinson, predicts that with its blockchain products, the company can beat Facebook’s Libra in the emerging markets. Recently, Cardano Foundation partnered with AlgoZ to obtain liquidity and trading services for ADA, its cryptocurrency.
Cardano (ADA) Price Today – ADA / USDName Price 24H (%) Cardano (ADA) $0.078809 2.45%
Meanwhile, Cardano launched a staking testnet last month for its Shelley upgrade. This development will get rid of miners and encourage the use of a proof-of-stake (PoS)-based system. The upgrade will also usher in Ouroboros BFT, a new consensus protocol.Cardano News Today – Cardano Latest Update – Collaboration Between Cardano and the Industry Trade Group, GDF
Cardano Foundation underwent a “mandatory rigorous process” as a requirement for joining GDF before the official announcement of the collaboration. Finance Magnates reported that the London-based industry membership organization, GDF, sets a “comprehensive code of conduct and overarching principles” to guide fund managers, token sales, and platforms. It also assesses the websites of its members to mak...