cardano Archives - The Block

Cardano Summit 2021 sees DeFi, NFT and climate partnerships

A protester holding a sign that reads 'Earth is more valuable than money'.

The Cardano Summit 2021 on September 26 has led to a number of strategic partnerships designed to drive adoption of the Cardano blockchain being announced.

Held by the non-profit custodian of the blockchain, the Cardano Foundation, the Summit was co-located across a mixture of virtual and physical events in New York, Miami, Wyoming, London, Berlin and Cape Town.

At the event, Frederik Gregaard, CEO of the Cardano Foundation, said: "At Cardano, our goal is to provide...

30 September 2021 | Altcoins

EMURGO to invest $100m into Cardano ecosystem

EMURGO, a blockchain solutions company and the commercial arm of Cardano, plans to invest $100 million (£73m) into the network’s ecosystem.

In a tweet, the company said the funds will be used to “accelerate DeFi, NFT solutions and blockchain education".

The announcement came during the Cardano 2021 Summit on September 26.

EMURGO CEO Ken Kodama followed the announcement with another tweet, saying: “Please contact us if you would like to receive investment...

28 September 2021 | Cryptocurrency

Cardano’s ADA token becomes third largest cryptocurrency

ADA, Cardano’s native token, has surpassed stablecoin Tether to become the third largest cryptocurrency based on market cap.

According to cryptocurrency tracker CoinGecko, the ADA token now has a market cap of $64.9 billion (£47.2bn) compared to recently overtaken Tether which sits just shy at $64.6 bn (£46.9bn).

Perhaps more notably, the Cardano coin has a seven day growth rate of 20.8%, putting it leaps and bounds ahead of Tether’s 0.7% growth or top dog...

18 August 2021 | Altcoins

Charles Hoskinson, Founder, Cardano: On restoring trust through decentralisation

The Block spoke with Cardano founder Charles Hoskinson about the blockchain industry and restoring trust through decentralisation ahead of the platform’s upcoming launch of smart contracts.

Hoskinson co-founded the current decentralised app platform leader, Ethereum, but left the project following a dispute about accepting venture capital and the need for a more formal governing structure. He went on to found Cardano in 2015 and became the CEO of the project’s main developer,...

9 February 2021 | Cryptocurrency

Cardano is ‘building bridges’ to Ethereum with new KEVM testnet

Cardano is launching a new KEVM (K Ethereum Virtual Machine) to build a bridge with the leading smart contract platform’s developers.

Charles Hoskinson, Founder of Cardano and CEO of IOHK, was a co-founder of Ethereum.

Disagreements over Ethereum’s direction led Hoskinson to create Cardano, taking a more academic approach to its development and fixing the notorious problems which have plagued the largest smart contract platform.

Cardano launched after...