Priyeshu Garg

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Stats Has written 36 posts about cryptocurrency

Nov 30 2020

CoinMarketCap’s Twitter poll reveals the problem behind online voting

Nov 30 2020 Published at CryptoSlate under tags  adausd adoption altcoins

After posting a poll asking the community to vote on which crypto project is to receive an infographic, CoinMarketCap found itself in the middle of a war between Cardano and VeChain. With around 15,000 voices cast for VeChain in the final...

Nov 26 2020

Despite losing $120M in a day, MicroStrategy is still up on its Bitcoin investment

Nov 26 2020 Published at CryptoSlate under tags  analysis btcusd price watch

Bitcoin’s latest price slump wiped out over $100 million in value from MicroStrategy’s crypto portfolio. However, despite suffering devastating losses in the past 24 hours, the company is still up almost 50 percent the 38,250 BTC it bought this year, showing that there’s no place for weak hands in billion-dollar NASDAQ companies. A billion-dollar company with a Bitcoin treasury Despite being a billion-dollar...

Nov 25 2020

What makes the crypto market’s rise to $500 billion different from 2017?

Nov 25 2020 Published at CryptoSlate under tags  adoption analysis btcusd defi ethusd

The last time the total market capitalization of cryptocurrencies surpassed $500 billion, in December 2017, the industry had no idea a world-shattering crash was waiting just around the corner. And now, with Bitcoin nearing the coveted $20,000 point, the industry holds its breath once again as it prepares to leap into the unknown. But, this time around,...

Major announcements on Cardano set to take place by the end of the year

Nov 25 2020 Published at CryptoSlate under tags  adausd adoption altcoins price watch

With a week left before the official November product update, Charles Hoskinson, the CEO of IOHK, took to YouTube to share a brief glimpse of what’s been accomplished at Cardano this month. Hoskinson said that the regular update will take place at the end of November, while a bigger,...

Nov 24 2020

Cardano introduces Smash, a new open-source stake pool metadata aggregation server

Nov 24 2020 Published at CryptoSlate under tags  adausd altcoins price watch technology

IOHK, the company behind Cardano, has introduced Smash—a new metadata framework that will act as a better and more accurate source of stake pool information. Smash is a server that can aggregate, fetch, and store stake pool metadata such as owner details, pool name, and homepage. As the server code is open-source and can be deployed by anyone, IOHK said that it...

Exploring the idea of interoperability between Cardano and Litecoin

Nov 24 2020 Published at CryptoSlate under tags  adausd altcoins ltcusd technology

During the latest Litening Series webinar, the heads of the Litecoin Foundation explored the idea of introducing interoperability between Cardano and Litecoin. David Schwartz, the project director of the Litecoin Foundation, said that it was important to generate as much talk about this idea as...

Nov 20 2020

Ethereum 2.0 Guide: Everything you need to know about ETH2 – launch phases, rewards, deposits, VMs, and testnets debunked

Nov 20 2020 Published at CryptoSlate under tags  eth 2.0 ethusd technology

While the second iteration of Ethereum is becoming more tangible each day, some of the technical aspects of Eth 2.0 remain largely unknown. To bring the community up to date with what’s been accomplished and what’s yet to come, Vitalik Buterin, the founder of Ethereum, and some of the network’s lead...

Nov 19 2020

This shift in the k-parameter marks the next phase of Cardano’s decentralization

Nov 19 2020 Published at CryptoSlate under tags  adausd altcoins technology

Cardano’s k-parameter is set to increase to 500 on Dec. 6, drastically diminishing rewards for large, oversaturated stake pools. The sharp rise in the parameter will mean that the top 100 stake pools on the network will all become saturated, with IOHK advising users to slowly begin re-delegating their stake to smaller pools to increase their rewards. Stakers should redelegate their ADA to...

Nov 17 2020

ConsenSys acquires Truffle Suite, the world’s most used blockchain developer tools

Nov 17 2020 Published at CryptoSlate under tags  adoption altcoins ethusd technology

ConsenSys, the largest Ethereum venture production studio, has acquired Truffle Suite, the company behind one of the most widely used blockchain developer tools. In a press release shared with CryptoSlate, the company said that the addition of Truffle to ConsenSys will provide enterprise customers with a wider array of services and a slew of high-quality, enterprise-grade development tools. Truffle joins a slew of...

Nov 16 2020

Cardano’s Goguen update brings native tokens implementation and better dev tools

Nov 16 2020 Published at CryptoSlate under tags  adausd adoption technology

Cardano’s Goguen team has spent the first two weeks of November working on bringing native token and token locking functionalities to the Ledger hardware wallet. In the latest Goguen rollout development update, the team revealed that they kicked off the Marlowe Alpha grogram and gave the community a glimpse of the work that’s set to be done in the...

Nov 13 2020

Introducing BeefChain, a rancher-to-retail supply chain traceability solution using Cardano

Nov 13 2020 Published at CryptoSlate under tags  adausd adoption technology

BeefChain is a Wyoming-based traceability solution on a quest to track the origin of cattle and sheep using Cardano. Aside from its strong Wyoming connections, it was Atala TRACE, a traceability solution built on top of Cardano, that made the blockchain a perfect choice for BeefTrace, which aims to promote more sustainable farming practices by making it easy for end customers to...

Nov 11 2020

FTX has listed quarterly futures on stocks with 100x leverage

Nov 11 2020 Published at CryptoSlate under tags  adoption derivatives exchanges

Cryptocurrency exchange FTX has announced the launch of quarterly futures on stocks, allowing users to trade with up to 100x leverage on Tesla, Google, Netflix, Amazon, Apple, Pfizer, and Alibaba stock futures. The exchange partnered with CM-Equity, a German financial services provider, to offer the service, and will require users to submit their KYC information to the company. Users can now trade quarterly...

Nov 04 2020

Hoskinson says building a system as complex as Cardano requires a lot of time

Nov 04 2020 Published at CryptoSlate under tags  adausd altcoins analysis

In an interview with the KiBloc Show, Charles Hoskinson, the CEO of IOHK, laid out some of the reasons behind a lack of concrete dates for Cardano’s future launches. Discussing the progress made with Goguen, Hoskinson said that every update and launch is challenging due to the amount of work being done in parallel. Why Cardano’s product updates take so long to complete...

Nov 03 2020

Binance could be behind over a dozen stake pools on the Cardano blockchain

Nov 03 2020 Published at CryptoSlate under tags  altcoins technology

Binance, one of the world’s largest cryptocurrency exchanges, might be behind around a dozen stake pools on the Cardano network. The latest information from the Daedalus wallet shows that there are 18 stake pools whose metadata pages indicate that they may have been founded by the exchange. While some members of the Cardano community celebrated the move, others feared that it may bring...

Nov 01 2020

How Marlowe Playground rounds up all of the work being done on Cardano’s Goguen

Nov 01 2020 Published at CryptoSlate under tags  adausd altcoins technology

Today’s release of Marlowe Playground marks an important milestone for Cardano—the beginning of its Goguen era. Charles Hoskinson, the CEO of IOHK, looked back at why introducing semantic clarity between various users of a blockchain’s infrastructure took so long and the impact it will have on the future—both Cardano’s and the global one. Cardano’s complexity reflects the huge expectations from...

Oct 31 2020

IOHK rolls out Marlowe Playground and announces winners of $10,000 Cardano hackathon

Oct 31 2020 Published at CryptoSlate under tags  altcoins technology

IOHK, the company behind the Cardano blockchain, has officially rolled out Marlowe Playground, an application-building platform that allows non- programmers to build financial smart contracts on Cardano. Alongside the news about the new platform, the company also announced the winners of its Wyoming hackathon, listing three projects that presented the best use cases for Cardano that could accelerate the United Nations’ sustainability goals. IOHK...

Oct 29 2020

Harvest still has over $300M in deposits after a massive $24M exploit

Oct 29 2020 Published at CryptoSlate under tags  defi hacks

After seeing its native token lose 65 percent of its value during the weekend following a massive exploit, Harvest Finance seems to have entered into a consolidation period. At press time, deposits in Harvest have surpassed $311 million. While this is a far cry from the $1 billion in TVL the protocol saw last week, the quick recovery led many to believe that...

Oct 25 2020

How IOHK built Cardano from the ground up

Oct 25 2020 Published at CryptoSlate under tags  adoption technology

Speaking at the third BlockDown conference, Charles Hoskinson, the CEO of IOHK, looked back at the way his company approached designing Cardano. Noting that IOHK, despite what many may think, is first and foremost a research and development company, he explained that they saw Cardano as a blank slate and began by asking the most fundamental questions first and using the answers...

Oct 22 2020

Vitalik Buterin discusses the values and ideas that formed Ethereum 2.0

Oct 22 2020 Published at CryptoSlate under tags  technology

With Ethereum 2.0 expected to ship in the near future, the values that underlie the world’s second-largest blockchain have become increasingly important. Vitalik Buterin, one of the creators of Ethereum, discussed both the abstract and the technical aspects of the values that went into designing Ethereum over six years ago and how they are going to shape the network’s upcoming iteration. The political...

Oct 21 2020

Rampant DeFi speculation makes DEXs the undisputed winners of Q3 2020

Oct 21 2020 Published at CryptoSlate under tags  analysis exchanges

While it might seem that DeFi reached its bottom during Q3 2020, the sector still closed the last quarter with incredible performance. However, few of its aspects did as well as decentralized exchanges (DEXs) did, according to the latest report form Messari, which saw a significant increase in on-chain trading due to heightened speculation around yield farming DeFi projects. People were making money...

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