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Cardano & Crypto News

ShapeShift is Decentralizing

In the coming year, a company of about 65 people and 6.5 Million USD in revenue will relinquish control of its future to its 1 Million plus customers. Shapeshift is transitioning from a typical corporation to a Decentralized Autonomous Organization (DAO). Currently, Shapeshift is headquartered in Zug, Switzerland, and is run out of Denver, Colorado, USA. After the transition, the company will be fully controlled by its 1 million customers, employees and community members. If a “DAO” is a new concept to you, we wrote all about it here: DAOs Demystified: Organization that puts people first.

Shapeshift is a cryptocurrency exchange that lets users exchange cryptocurrencies without relinquishing control of their digital assets. This is very unlike exchanges like Coinbase or Binance where users must provide a lot of personal information and relinquish direct control of their assets. Coins held on Coinbase or Binance are in the custody of these exchanges until you withdraw them.

During its transition to a DAO, any customer that has used Shapeshift will receive FOX tokens. FOX tokens will function like “shares” in the company….

Cardano launches support for smart contracts on testnet

On August 2nd, 2021, Cardano enabled smart contracts in their public test network. The concept of “Smart Contracts” goes back to the 1990s. It simply means that a computer can execute an action automatically, in response to a predefined event. When smart contracts are combined with blockchain technology, their potential is tremendous.

The first hurdle to understanding smart contracts is imagining the real-life scenarios where they might be useful. Here are some examples to spark your imagination:

–> When someone buys a song or digital artwork, royalties are paid automatically to the artist or creator. These royalties could apply not only to the original sale, but every time the digital creation changes hands!

–> When my Lyft driver arrives at…

Cardano ADA coming to a bank near you!

In July month, the Cardano Foundation released a 36 minutes video outlining their plans for the next five years. They outlined five areas of…

Amazon to start accepting Crypto: Including Cardano

In late July 2021, exciting clues emerged that Amazon is getting ready to join the blockchain revolution. Rumors started to swirl when the company…

Cardano Project Catalyst Reaches 200,000 Plus Voters

On July 2, the Cardano Project Catalyst team posted the final voting results for “Fund 4”. According to the project’s website: “**Project Catalyst is…

University of Wyoming Research Lab Launches Cardano Staking Pool

In an exciting reprise of the old Wild West days, Wyoming is forging trails in new territory. In 2020, the University of Wyoming established…

Grayscale Investments adds Cardano to its Fund - as its 3rd largest holding!

Cardano has been invited to the big kid table at Grayscale Investments. The world’s leading digital asset management fund recently rebalanced its portfolio, selling…

Cardano Cash! Ahhhhhhh!!!

About a week ago, Cardano’s Director of African Operations tweeted a phenomenal tidbit that largely went unnoticed by crypto media. We here at LIDO…

Why is the price of ADA down

One of the top questions we’ve received this week from our delegates is “how come the price of ADA is going down?” If this…

Reflection on recent global internet outage

If you are a frequent user of the New York Times online, CNN, Pinterest, Reddit, Twitch, Spotify or many others, you may have been…

Regulatory FUD from the United States Senate Committee on Banking

If you live in the United States and follow blockchain enthusiasts, your twitterverse may be in a small frenzy this morning. All the fuss…

University of Wyoming may be staking ADA

If you live in the United States, “Wyoming” and “crypto currency” in the same sentence might seem like a strange pair. But in fact,…

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