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Cardano intends to be a financial operating system for people who don’t have one, says Charles Hoskinson

Arijit Sarkar

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Cardano intends to be a financial operating system for people who don't have one, says Charles Hoskinson
Credit: Pixabay

While most crypto enthusiasts are focused on Bitcoin’s [BTC] epic comeback, the other half of the cryptoverse has shifted its interests to the technology side of it. The recent Cardano-Polymath partnership announced at the “Consensus 2019,” created a mix of buzz and commotion, in terms of the duo’s roadmap. In order to clear out the resultant confusion, Charles Hoskinson, Co-founder of Ethereum and Founder of Cardano, conducted a livestream on YouTube, explaining the intent behind the collaboration.

The video started with Hoskinson explaining Polymath’s involvement in conducting “over 120 security token offerings on Ethereum network,” and how its growth has been crippled due to existing compliance issues. He also supported the Cardano-Polymath partnership by saying,



“I firmly believe we’re going to need different standards and ecosystems. Cardano intends to be a financial operating system for people who don’t have one.”

Additionally, Hoskinson explained his belief in changing existing standards, including decentralized identifiers, and standards for metadata and interoperability. While the crypto-veteran explained his version of changes that are to be implemented by the world, he added,

“(As a result,) Certain marketplaces will probably be either black listed or less popular with, but it’s the moral and right thing to do. It’s just important for the consumer to be informed that when they hold an asset and have total control over it.”

The livestream also focused on Cardano’s partnership with Atala, which is currently running a pilot program with the pre-discussed framework. With respect to this particular partnership, Cardano’s primary role is to act as an auditor/issuer and maintain transparency and control for users. Finally, Hoskinson concluded the video by announcing his excitement at being part of a group that is “making new standards for the blockchain space and for the next generation of finance.”





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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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