March 8, 2021

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Crypto News of the Day (1.4.) | Hoskinson: Cardano will be a better cryptocurrency than Bitcoin and other news

3 min read
Crypto News of the Day (1.4.) | Hoskinson: Cardano will be a better cryptocurrency than Bitcoin and other news

Here you can find an overview of the most important events that took place during the last day in the cryptoworld.

 

Markets

Today, crypto markets are still relatively quiet, Bitcoin has not seen any significant decline or growth and altcoins are also moving more or less horizontally. Bitcoin is currently priced about $ 6,300.

 

You can monitor the current cryptocurrency prices – here.

Cryptocurrency

Opera browser announced plans to extend crypto services to more EU countries and also Switzerland, New Zealand, Mexico, and Australia via its continued partnership with Wyre. Furthermore, the collaboration between Wyre and Opera will see the elimination of middlemen, as Opera Android users can carry out digital currency transactions directly from Opera’s crypto wallet. Speaking Charles Hamel, Crypto Lead at Opera browsers, said:

“Being able to acquire cryptocurrencies without having to go through an exchange, directly from the wallet makes the process easy for our users. Expanding this feature to more regions is key to driving blockchain-adoption. We’re excited to expand on our collaboration with Wyre and deliver the best-in-class crypto buy experience to even more countries.”

 

In a new Periscope video on the future of Cardano, Charles Hoskinson says advancements in smart contracts and wallets in recent years have been revolutionary, and he believes Cardano is pulling all the pieces together to become the most advanced blockchain in existence. The improvements are poised to make Cardano’s native crypto asset ADA the best cryptocurrency on the planet, according to Hoskinson, who also co-created Ethereum.

These are amazing achievements in a very short period of time. They were incredibly expensive in terms of thought, time and money. But they were achievements nonetheless. And they are achievements that have moved the entire state of the industry forward.

 

Cryptocurrency exchanges, Banks

Coinbase says its retail payments platform has now processed $200 million worth of Bitcoin (BTC) and crypto transactions since it launched in February of 2018. Coinbase Commerce allows merchants to accept payments in different cryptocurrencies, including BTC, Bitcoin Cash (BCH) and Ethereum (ETH) without fees. The platform hit the crypto payment milestone on Thursday.

 

Commerce product lead John Zettler says crypto payments appear to be undeterred by the pandemic-induced economic downturn. He says that the platform has not seen any significant changes in activity this month, as both cryptocurrency and traditional markets plummeted. Zettler says that consumers prefer to use Bitcoin, the largest cryptocurrency by market cap, although he also observes that consumers are starting to use stablecoins, especially USD Coin (USDC), a cryptocurrency collaboration between Coinbase and Circle that is backed by the US dollar.

 

Blockchain, Technology

Magic Internet Gathering (MINTGOX) hosted its inaugural event on Sunday, showcasing what video game tournaments could look like with in-game Bitcoin microtransactions. MINTGOX is the brainchild of Zebedee, a platform that helps developers integrate Bitcoin Lightning payments into video games. The event involved collaboration with Lightning Labs, Bitcoin 2020, and THNDR Games. 

 

 

Australian startup Meld Gold will launch a blockchain-based platform for tokenized gold trading in the third quarter of 2020. Meld Gold said the platform will offer a digital method to buy and sell physical gold that is more efficient and transparent than traditional gold markets. Unlike other gold-backed tokens, the issuer doesn’t have a stash of gold in its own custody — rather each token represents one gram of gold held across different companies in the network, including the Melbourne Mint.
 

The original prototype platform was built on Ethereum (ETH) in mid-2019, but the final version is being built in partnership with Algorand (ALGO). It’s due to launch in July or August. 

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