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Cardano users will soon be able to utilize any ADA wallet to access Ethereum Virtual Machine (EVM) contracts. The move has been made possible due to an upcoming feature on Milkomeda. Milkomeda links EVM contracts to blockchains like Cardano and Algorand. The move will greatly enhance ADA’s utility for developers and users. Sebastien Guillemot, CEO of Milkomeda, took to Twitter and said that ADA will be a “top EVM chain next month.” Guillemot further added that the move will make Cardano one of the largest Ethereum Virtual Machine chains by user count. Cardano will be a top EVM chain next month Milkomeda (Cardano’s EVM layer) is launching a feature allowing EVERY Cardano user to use EVM contracts directly from ANY Cardano wallet All in pure ADA This will instantly make Cardano one of the largest EVM chains by user count pic.twitter.com/fp6WwdFmF4 — Sebastien Guillemot (@SebastienGllmt) March 30, 2023 The CEO further stated that “Milkomeda will be enabling staking reward...

Join Our Telegram channel to stay up to date on breaking news coverage Cardano’s coin price recovery has a local resistance level of $0.385 zone. If this resistance level is broken, it could fuel further buying pressure and boost the ongoing price rally. However, if the price is rejected at this level, sellers are still actively defending this barrier. As a result, traders may want to wait for a confirmed breakout before making any significant trades. Cardano’s ADA Token Could Be Set for Bullish Decoupling from Wider Crypto Market According to a recent tweet from top crypto analytics platform Santiment Feed, the native token of the Cardano network, ADA , may be poised for a bullish decoupling from the broader crypto market. As of now, ADA has surged by 11.89% over the past 24 hours. Santiment’s tweet highlighted that large ADA holders, owning over 10,000 ADA, have acquired an additional 1.03 billion ADA over the last 5 months leading up to this rally. ...

Unlike other regions, Hong Kong’s crypto sector has been making positive strides. With regulators softening their stance without compromising on consumer protection, the special administrative region has managed to garner interest from a host of firms, that want to set up their base in Hong Kong. A recent report from Bloomberg highlighted that a Hong Kong-based fund aims to raise $100 million this year, to invest in crypto and other digital asset-related startups. JUST IN: Hong Kong fund led by Ben Ng aims to raise $100 million to invest in #crypto startups. — Crypto Trends (@CryptoTrends) March 30, 2023 Also Read: 80+ Crypto Firms Eyeing Hong Kong As a Foundation Base The fund is led by Ben Ng, a venture partner at equity firm SAIF Partners, and technology investor Curt Shi. In fact, it has reportedly secured at least $30 million in “funding commitments.” Till now, the fund has invested in six digital-asset projects, including Hong Kong-based metaverse company GigaS...

The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has pushed the U.S. economy closer to a recession. “We have fundamental issues, regulatory issues facing our banking system,” the Fed official stressed. Neel Kashkari on U.S. Economy, Banking Crisis, Recession Federal Reserve Bank of Minneapolis President Neel Kashkari shared his thoughts on the state of the U.S. economy, the current banking crisis, and whether the U.S. is headed toward a recession in an interview with CBS News Sunday. Responding to a question about whether the present banking crisis has caused the U.S. economy to edge closer toward a recession, Kashkari said: It definitely brings us closer. Right now, what’s unclear for us is how much of these banking stresses are leading to a widespread credit crunch. “That credit crunch … would then slow down the economy,” he cautioned, noting that the Fed is monitoring the situation “very,...

While most crypto trading platforms have an intimidating user interface, Millionero has come to offer a beginner-focused trading platform for novices in crypto. The exchange is full-packed with Features and tools that streamline the trading process for new traders, making it easily accessible. The Millionero team designed a sleek and straightforward trading interface with the end user in mind, including an intuitive registration and login process, allowing users to start trading quickly and hassle-free. According to official documentation, Millionero sets a 3x leverage on perpetual contracts by default, including pre-set data setups for Amount and Take Profit orders. The team said these settings help new traders get started without overwhelming them with complicated configurations. Furthermore, Millionero has a referral program to reward users for introducing their friends and family to the platform. With five levels of rewards, users can earn up to 55% of trading fees...

SPACE ID (ID) prices have moved between a 24-hour high and low of $0.5206 and $0.4631, indicating a bullish trend. At this writing, the bulls were still in the market, causing ID to trade at $0.4725, a 6.12% increase from the previous day’s closing price. Continued positive momentum in the market may push prices beyond the $0.5206 barrier level, with further resistance at $0.5500 and $0.5800. On the other hand, a rapid change in market mood might trigger a negative reversal. During the upturn, market capitalization, and 24-hour trading volume increased by 5.83% and 24.87%, respectively, to $135,402,469 and $237,426,907, indicating the market’s purchasing pressure. This spike illustrates investors’ rising trust in the market and indicates a bullish prognosis for ID’s future success. ID/USD 24-hour price chart (source: CoinMarketCap) In the ID/USD 4-hour price chart, the Aroon up reading of 64.29% and the Aroon down the reading of 50.00% indicate...

Tone Vays, who has been trading for a long time, thinks that Bitcoin’s (BTC) current consolidation is preparing the king cryptocurrency for a soon-to-come breakout. In a new strategy session, Vays tells his 123,000 YouTube subscribers that Bitcoin’s consolidation is good because it gives BTC a chance to catch its breath before continuing its trend. He gives an example of how Bitcoin changed during the worst of the bear market last year. Vays says that Bitcoin slowed down for a while between May and June of 2022 before falling below the psychologically important level of $20,000. “Consolidations tend to lead to continuations of trends… We saw that here [May 2022]. Consolidation after a big drop led to another big drop.” Source: Tone Vays/YouTube Even though Vays gives a bearish example, he says that BTC is still in an uptrend as long as it stays between $27,500 and $28,500. “So now we have a new range, and let’s see if we [are] now going to...

This week, a web3 altcoin that isn’t getting much attention rose to a new all-time high after a new $40 million funding round. Last week, Tomi (TOMI) was trading at $1.36. On Friday morning, it hit a new all-time high of $5.18. Since then, the 205th crypto asset by market cap has dropped to $3.25, but it is still up more than 138% in the past week. TOMI has also gone up by more than 42% in the last day. The anonymous team working on Tomi has made a project called tomiNET, which calls itself a “DAO-governed, surveillance-free alternative to the World Wide Web.” A press release from the company says that DWF Labs, which makes a market for digital assets, led a new fundraising round that brought in $40 million for the project. There are also private investors and the investment firms Ticker Capital and Piha Equities, as well as the Japanese crypto whale Hirokado Kohji. Says Kohji, “As an investor, my focus is not only on providing financi...

Join Our Telegram channel to stay up to date on breaking news coverage Crypto markets remain in green, as the rise in interest rates turns out to be concerning for traditional equity investors. Amidst this, there are a few tokens that made it to the spotlight, making solid two-digit percentage returns. In this article, we’ll take a look at such top gainers for the day along with a bunch of promising projects yet to be launched. Biggest Crypto Gainers Today March 24 1. Mask Network (MASK) Mask Network is a decentralized social media platform and supports a range of blockchain networks including Ethereum, Binance Chain and Polygon. On the platform, users can create and share content without having to worry about their privacy or security. The platform allows users to easily send and receive cryptocurrency in a highly encrypted and decentralized manner. MASK is the native token of the project, based on the ERC-20 standard. The token allows users to participate in the voti...

Users can earn staking rewards by delegating the staking process to Cardano staking pool operators via reputable exchanges. Founded in 2015 by Ethereum co-founder Charles Hoskinson, Cardano is a proof-of-stake (PoS) blockchain that is often referred to as the “Ethereum killer,” owing to its superior technology and high level of security and sustainability. Much like Ethereum, Cardano also allows users to stake its native cryptocurrency, ADA, to earn staking rewards. Cardano allows individuals to stake via staking pool operators and pool their tokens with other users or run their own Cardano staking pool. Staking pools are frequently operated by those with technical experience and the appropriate hardware for effectively staking on the Cardano network, although anyone can become their own staking pool operator. Users also have complete autonomy to decide which pool they’d prefer to join and can assess each based on pool size, uptime and past performance. Cardano divides periods of time...

Bitcoin sees swift fluctuations after the Fed hikes 0.25% but Chair Jerome Powell hints that policy may now change. Bitcoin (BTC) saw heavy volatility on March 22 as the United States Federal Reserve hinted that it may stop interest rate hikes. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell on rates: "'May' and 'some' instead of 'ongoing'" Data from Cointelegraph Markets Pro and TradingView showed sharp moves both up and down for BTC/USD as the Fed hiked by an anticipated 25 basis points. During an ongoing press conference, Fed Chair Jerome Powell appeared to play down the ongoing U.S. banking crisis and its aftermath, while hinting that the day's interest rate hike may be the last. Powell said in prepared remarks the Fed believes that "events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and businesses, which would in turn affect economic outcomes." ...

Bitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange, according to a media report. The Russia-linked trading platform was targeted by Western law enforcement and had its France-based server infrastructure seized in January. Bitzlato Customers Allowed to Withdraw Up to 50% of Their Bitcoin at the Exchange Users of Bitzlato’s web portal and app can now withdraw a portion of the funds they had with the crypto exchange when it was busted by French and U.S. authorities in mid-January. Since Monday, its clients have access to half of their bitcoin (BTC) balances. Account holders can withdraw up to 50% of their bitcoins, Bitzlato representatives told the Russian-language crypto news outlet Forklog. The minimum withdrawal amount is 0.001 BTC and the commission is 0.0003 BTC, the report detailed. Withdrawals can be ordered through a Telegram bot and users need to provide the email address of their Bitzlato account, the article expla...