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- The Alonzo update, which will bring smart contracts to the Cardano network, has long been on the agenda of Cardano investors and Cardano developers.
- This big anticipation has added 50% of the value to Cardano over the past week.
Late last night, Cardano’s Nigel Hemsley announced in a video he posted that the update would take place on September 12th. This exciting event sparked a sudden spike in the price of Cardano. The ADA is just 20 cents from it’s all-time high of $ 2.49 in April and is trading at $ 2.19.
The integration of smart contracts will allow the platform to include more applications alongside Decentralized Finance (DeFi) platforms. The improvement could put the platform in a better position to challenge Ethereum, which is currently the leader among smart contract blockchains and free crypto signals.
The ADA reacted very well to the update news announcement, posting a gain of 11.59%, climbing as much as $ 2.19 – say analysts of SafeTrading.
While investors wait for the Alonzo upgrade to bring smart contract functionality to the network, popular crypto expert Michael van de Poppe analyzed the Cardano (ADA) case. In a new video, Van de Poppe noted that the ADA broke through critical resistance levels as it rallied higher.
According to Poppe, Cardano’s target with the update is $ 3.35 and $ 5. Cardano investors will be delighted if he shows a similar move towards Ethereum.
Converting the Circle USDC stablecoin to a cryptobank.
The second largest stablecoin circle (USDC) has begun processing the paperwork required to gain approval as a digital bank. Circle also completed its merger with Concord Acquisition Corp on August 9. Now it is turning into a bank.
The USDC, known as the second-largest stablecoin by market capitalization and free crypto signals, is aiming to become a national commercial bank with full reserves, according to the official blog. To this end, the Federal Reserve will ensure full compliance with the regulations of the US Treasury Department, the Office of Foreign Exchange Control (OCC) and the Federal Deposit Insurance Corporation (FDIC).
These moves are likely to benefit the USDC stablecoin price and circulating supply of coins. As a result, it will become an integral part of the new financial system, gaining more space in the emerging new digital economy.
The stablecoin Circle USDC has been showing explosive growth lately with a market cap of $ 28.7 billion. Tether is the largest stablecoin in the cryptocurrency industry after USDT -say analyst of SafeTrading.
Circle has already applied for proper filing with the SEC to become a digital bank and has filed a Form S-4 based on the Securities Act of 1933, which must be filed with the Securities and Exchange Commission (SEC) prior to any merger, acquisition. or the exchange offer is filled. This will work well for the future of the USDC and will increase its value in the crypto ecosystem.
About stablecoin Circle USDC
Circle USD or stablecoin USDC is backed by the US dollar at a 1: 1 ratio. For each stablecoin in circulation, 1 dollar cash or short-term US Treasury bonds is held in reserve. The Center Consortium says USDC is distributed by controlled economic institutions.
Three more new altcoins have been added to the Coinbase Pro listing!
Three new altcoins are now available on Coinbase trading platforms. Users of the leading US cryptocurrency exchange can now buy and sell Request (REQ), TrueFi (TRU) and Wrapped Luna (WLUNA) on Coinbase Pro.
Crypto assets are the latest in a series of new listings for Coinbase that have come up over the past few weeks. We have previously informed you about:
- IoTex (IOTX);
- Tribe (TRIBE);
- Orion Protocol (ORN);
- Quickswap (QUICK);
- Axie Infinity (AXS) lists.
Over the next 24 hours, the prices of the coins in question rose by 20 to 75 percent according to SafeTrading.
Coinbase CEO Brian Armstrong said in a recent phone call to the company that he wants the exchange to eventually back “millions” of assets.
The stock market seems to be heading towards this goal.
Request Network is a protocol for creating and requesting payments without an intermediary. The platform’s proprietary token, REQ, is trading at $ 0.312677 at the time of writing and has grown significantly over the past seven days by 368%.
TrueFi is a Decentralized Finance (DeFi) protocol. TrueFi’s own token, TRU, is trading at $ 0.685162 at the time of writing, up 38.4% over the past seven days.
Wrapped Luna (WLUNA) is an Ethereum token that tracks the Terra (LUNA) value on the Ethereum blockchain. According to Coinbase, WLUNA can be redeemed for LUNA at a 1: 1 ratio through partner WLUNA. WLUNA traded around $ 110 a week ago and is currently around $ 152.
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