Cardano-Bitcoin bridge may be first step to true Bitcoin DeFi

November 18, 2024 Coin Telegraph

Bitcoin

The new bridge lets users withdraw Bitcoin even if most Cardano nodes become malicious.

The upcoming Cardano-Bitcoin bridge, based on the Grail protocol, may be a first step toward providing decentralized finance (DeFi) applications that are secured by Bitcoin, documents from the bridge’s underlying protocol reveal.

On Oct. 24, Emurgo, the development team backing Cardano, announced that it was developing the bridge in partnership with Grail’s developer, BTCOS.

In an X post on the following day, Cardano founder Charles Hoskinson clarified that the network will eventually host DeFi applications secured by Bitcoin, adding that, “With babel fees, Bitcoin developers can develop Hybrid Cardano/Bitcoin applications in Aiken and pay their transaction fees in bitcoin.”

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Cardano (ADA) To See One More Drop Against Bitcoin Before Year End, Says Analyst Benjamin Cowen

November 18, 2024 The Daily Hodl

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Closely followed analyst Benjamin Cowen says that Cardano (ADA) is most likely in for one additional drop against Bitcoin (ADA/BTC) before 2024 comes to a close. Cowen tells his 889,100 followers on the social media platform X that historically, ADA has oscillated against BTC roughly between 400 and 4,000 satoshis (sats), while making final declines […]

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PEPE Memecoin, Already Up 94% in a Week, Gets Further Boost From Coinbase Listing

November 15, 2024 The Daily Hodl

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A popular frog-themed meme asset that has surged 94% during the last week is seeing another leg up after gaining support from top US-based crypto exchange platform Coinbase. In a new announcement, Coinbase says that investors can now buy, sell, trade, store and convert the popular memecoin Pepe (PEPE). “Pepe is now live on [coinbase.com] […]

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Cardano Holders Unlikely To See Break of All-Time Highs for ADA, According to Analyst Jason Pizzino

November 15, 2024 The Daily Hodl

ada

A widely followed crypto analyst believes that Ethereum (ETH) rival Cardano (ADA) is unlikely to print new all-time highs this cycle. In a new video update, crypto strategist Jason Pizzino tells his 337,000 YouTube subscribers that ADA is not showing enough market strength so far this cycle, making an explosive breakout improbable at this point. […]

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Benjamin Cowen Says ‘One Last Flush’ for Cardano (ADA) Against Bitcoin Likely Approaching

November 13, 2024 The Daily Hodl

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Widely followed analyst Benjamin Cowen is issuing a warning on Cardano (ADA) as the Ethereum (ETH) rival rallies. In a new video, Cowen tells his 822,000 YouTube subscribers that ADA could suddenly turn bearish against Bitcoin (ADA/BTC) on the weekly timeframe, similar to what happened in December 2020. “It’s probably not going to matter in […]

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Price analysis 11/11: SPX, DXY, BTC, ETH, SOL, BNB, DOGE, XRP, ADA, TON

November 11, 2024 Coin Telegraph

Bitcoin

Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher.

Bitcoin (BTC) has been on a roll and shows no signs of slowing down. The latest leg of the rally above $84,500 pushed Bitcoin’s total market capitalization above $1.67 trillion for the first time.

Analysts remain optimistic that Bitcoin will extend its month-to-date gains of 17% as November’s average return is 44%, according to CoinGlass data. Veteran trader Peter Brandt said in a post on X that “when BTC runs - it runs.” He projects Bitcoin to reach $125,000 by the end of the year.

Daily cryptocurrency market performance. Source: Coin360

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Santiment Says Retail FOMO About To Hit Cardano, Sees Ethereum-Based Coin Decoupling From Altcoin Pack

November 11, 2024 The Daily Hodl

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Smart contract platform Cardano (ADA) could soon witness retail fear of missing out (FOMO), according to crypto analytics platform Santiment. In a new thread on the social media platform X, Santiment says that ADA’s surprising 25% jump last week will prompt retail investors to jump into the crypto asset. “Cardano has been one of the […]

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Price analysis 11/6: BTC, ETH, SOL, BNB, XRP, DOGE, TON, ADA, SHIB, AVAX

November 6, 2024 Coin Telegraph

Avalanche

Crypto markets cheered Donald Trump’s win by pushing Bitcoin to a new all-time high above $75,000, signaling the start of the next leg of the uptrend.

Bitcoin (BTC) hit a new all-time high of $75,407 on Nov. 6, eclipsing the previous high of $73,777 made on March 14. The rally was triggered after Donald Trump edged closer to winning the United States presidential election.

A Trump win is positive because the crypto industry hopes the incoming President will keep the promises made to the crypto community throughout the campaign trail. 10x Research head of research Markus Thielen told Cointelegraph that Bitcoin could skyrocket to $100,000 by Q1 2025.

Crypto market data daily view. Source: Coin360

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Trader Says Cardano Mirroring 2020-Style Price Action, Suggests ADA on Cusp of ‘Pump’ – Here’s His Outlook

October 31, 2024 The Daily Hodl

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Cryptocurrency analyst and trader Ali Martinez is leaning bullish on Cardano (ADA) amid a bounce in the market. Martinez tells his 76,100 followers on the social media platform X that Cardano is currently “following a similar pattern to 2020” where it went up by approximately 4,095% in around 343 days. “If history repeats, we might […]

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Cardano’s Next Move? Charles Hoskinson Teases a Nintendo Emulator on Hydra

October 27, 2024 Bitcoin.com

bitcoin.com

This week, Cardano founder Charles Hoskinson shared that after a team of developers successfully implemented the popular video game “Doom” on Cardano’s Hydra layer two (L2) solution, programmers are now aiming to get a Nintendo emulator working on Hydra. Hydra Heads Take on Classic Games Charles Hoskinson, Cardano’s founder, recently discussed Bitcoin and BitcoinOS (BOS), […]

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