All Flash News

Cardano’s Stunning Developer Adoption: 1,221 Projects Are Currently Building on the Platform

Input Output Global (IOG), responsible for Cardano’s research and development, has released its Cardano weekly development report for the week ending March 31, 2023.

The development report included an infographic highlighting various Cardano statistics, such as 119 projects launched on Cardano, 8.06 million native tokens created, 7546 Plutus scripts, 1221 projects building on Cardano, and 63.9 million transactions processed on the network.


Bitcoin's Average and Median-Sized Network Fees Rose 40% Higher in March

In March 2023, Bitcoin’s average and median-sized fees jumped more than 40% higher after rising 122% in 10 days during the first week of February. The fees have followed the Ordinal inscription trend as more than 662,000 inscriptions reside on the Bitcoin blockchain, and 150 bitcoin worth $4.2 million have been added to fees.


$ADA: Cardano Foundation CEO on ‘Very Productive Trip to London’ and Meetings With British MPs

Cardano Foundation CEO Frederik Gregaard recently traveled to London, where he engaged with influential policymakers and stakeholders invested in the UK’s blockchain future.

Reflecting on his trip to London, Gregaard described it as highly productive, marked by engaging conversations and new connections. He noted that everyone he spoke to shared excitement about the UK’s blockchain future. Gregaard is eager to see how the Cardano Foundation can contribute to this growth and development.


National Futures Association Adds Rules for Members Handling Digital Assets

The National Futures Association (NFA), the United States self-regulatory organization for derivatives markets, has issued a new compliance rule addressing members’ conduct. The new rule complements requirements issued in 2018.

The new rule is modelled on the NFA’s antifraud rules for exchange traded futures and swaps transaction and retail foreign exchange. The NFA is the only registered self-regulatory organization that has delegated authority from the CFTC, giving it an analogous status to FINRA with the Securities and Exchange Commission.


Binance.US Transitioning to New Bank Providers, Briefly Limiting Deposits and Withdrawals

Binance.US said that some deposit and withdrawal services will be temporarily unavailable as it transitions to new services in a status update on March 31.

That update says that several transfer methods will be unavailable including wire deposits and withdrawals, Apple Pay deposits, and Google Pay deposits. It also said that debit card deposits are not available to 5% of its customers.

The issue seems to be related to Signature, as Binance.US said that ACH deposits from Signature Bridge Bank are no longer available. Even though Signature Bank has failed, it has been acquired by Flagstar and there are still efforts to sell parts of the company.


Crypto Exchange Trader Joe Nears Launch of Upgraded Trading Engine

Decentralized crypto exchange (DEX) Trader Joe will upgrade its Liquidity Book, its trading engine automated market maker as soon as next week, the project’s pseudonymous marketing lead Blue said.

The upgrade will also introduce “auto-pools” that will automatically manage depositors’ active positions in high-yield liquidity pools to mitigate risk. A new rewards program also set to launch will focus on distributing tokens for those that participate in Trader Joe’s concentrated liquidity.


Michael Saylor’s $4B Bitcoin Gamble Is Slowly But Steadily Inching Towards Profitability

With Bitcoin maximalist Michael Saylor at the helm of the business, the cloud-based technology company MicroStrategy has acquired 138,955 BTC over the course of the past three years, investing over $4 billion in the world’s first decentralized cryptocurrency.

It is possible that MicroStrategy will be able to avoid incurring an impairment charge and writing down the value of its holdings for the first time in ten quarters, as per a Bloomberg report. 


Central African Republic’s Sango Project Announces Delay of Token Listing

In a March 31 message on its Telegram channel, the Central African Republic’s Sango Coin said the government of the Central African Republic, or CAR, had made “significant progress” in establishing laws and regulations which will allow its cryptocurrency Sango Coin to be listed on crypto exchanges. However, according to the project, the Sango Coin listing will be postpone for a few weeks before the frameworks are finalized.

“There are also some other new surprises that will come along with these laws,” said Sango Project. “Rest assured that this delay is necessary to ensure that Sango is fully compliant with all relevant regulations and that our products are launched in the most secure and responsible manner possible.”


Ripple CEO Slams SEC Chair Gensler for Dictating Which Crypto Tokens Are Securities

Ripple CEO Brad Garlinghouse has slammed Securities and Exchange Commission (SEC) Chairman Gary Gensler for claiming that he has the authority to determine which crypto tokens are securities, rather than relying on the legislation that governs his agency’s power. “It’s time for elected officials in the U.S. to take notice,” the Ripple executive stressed.


Solana Overcomes FTX Fiasco — SOL Price Gains 100% in Q1

The price of Solana (SOL) fell nearly 95% in 2022, partly due to its association with tainted crypto entrepreneur Sam Bankman-Fried and his collapsed ventures FTX and Alameda Research. But so far in 2023, things have improved for the SOL price.

Solana's price has risen 104% to around $20.60 per SOL in the first quarter of 2023, the highest gains compared to any cryptocurrency in the top-25, including Bitcoin (BTC) and Ether (ETH).