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Cardano (ADA) founder Charles Hoskinson announced that Algorand (ALGO) is now on the Cardano network in reaction to the news that Mikomedia A1 Rollup is live on Algorand.

Mikomedia is a blockchain interoperability provider which focuses on giving EVM capabilities to smart networks like Cardano, which are originally non-EVM. On the Layer-2 A1 rollup, wrapped ALGO dubbed milkALGO will be the native currency for all transactions.

According to the announcement, Algorand is a non-EVM chain with multiple other unique factors that make it the perfect candidate for one of the first rollups outside the Ethereum (ETH) ecosystem.

Milkomedas chief focus is fostering blockchain interoperability, accomplished by bringing EVM capabilities to non-EVM chains, while creating a seamless user experience.

Two products are already live on the A1 rollup: Celer and Blueshift. Blueshift is a decentralized exchange based on the Milkomeda Cardano C1 sidechain. Now that it has been deployed on the AI Rollup, it will be possible for Algorand users to access the protocol.

Launching the Layer-2 A1 rollup is a big deal for Cardano and Algorand because it will allow the two networks to connect. This could not have happened without the rollup since both blockchain networks use different architectures.

Cardano is based on the UTxO architecture, while Algorand uses Algorand Virtual Machine (AVM). Without the Layer-2 rollup, it would be impossible for the two to connect or swap assets.

Blueshift is also planning to release features that will make it possible for users of both networks to make Cross-chain swaps.

Meanwhile, the development did not impact the price of ADA or ALGO.

ADA was down 0.5% over the past 24 hours and down 7.3% over the past seven days trading at $0.3536.

ALGO was trading at $0.3132 as of press time, down 0.2% in the last 24 hours.

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Amid stablecoin turbulence, Djed to expand to Ethereum, Binance Smart Chain - CryptoSlate

Bitcoin and Ethereum both fell in the last 24 hours, but the former has performed stronger than major indices this last month.

Bitcoin, the largest coin by market cap, slipped 2% to US$27,641, although the digital gold is still up 12% in the last week.

Yesterday, Bitcoin reached a three-month high when the asset hit US$28,638.

Ethereum, on the other hand, lost 2% to US$1,752, butis alsoin the black over the seven days, up nearly 6%.

As markets panicked in the wake of the collapse of Silicon Valley Bank (SVB) and UBSs takeover of fellow Swiss lender Credit Suisse, Bitcoin has gone strong.

Since 10 March, the coin has risen by nearly 37% from US$20,376 to todays price.

To put this into perspective, only 12 companies in the S&P 500 have achieved higher returns than 35% this year to date.

This means that Bitcoin is outperforming the likes of FedEx (NYSE:FDX), Apple and Amazon.

Among some of the altcoins,XRP shed 1.6% to US$0.44,Solana lost 2.4% to US$21.73 while Litecoin gained 8.2% to US$87.70.

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Bitcoin and Ethereum: Bitcoin falls, but still going stronger than most ... - Proactive Investors UK

Ethereum (ETH) and Stellar (XLM) whales have recently shown strong interest in the presale token Collateral Network (COLT) and for a good reason. With the potential for widespread adoption of Collateral Network (COLT), experts predict that the price of Collateral Network (COLT) could skyrocket by a staggering 3500% from its current level of $0.01 during the initial presale period, presenting a golden opportunity for savvy investors to get in on the ground floor of this exciting new technology.

>>BUY COLT TOKENS NOW<<

Several crypto projects have been implemented on Ethereum (ETH), a major smart contract platform. ETH, the Ethereum (ETH) networks native cryptocurrency, has remained a pillar of cryptocurrency for years due to the Ethereum (ETH) networks dominant position.

Despite the emergence of several blockchain networks with similar smart contract execution and decentralized application development capabilities as Ethereum (ETH), the Ethereum (ETH) platform remains the most popular.

Over the years, the native cryptocurrency Ethereum (ETH) has been one of the most favored repositories of wealth among investors. Several individuals have discovered lucrative profits from this method, particularly around the crypto craze of 2020. Yet these same large holders who have profited from Ethereum (ETH) are focusing on a new presale, Collateral Network (COLT), that aims to revolutionize crowdlending.

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With its decentralized platform for financial goods and services, Stellar (XLM) connects the financial world with blockchain technology. Stellar (XLM), introduced in 2014, provides a quick, safe and inexpensive infrastructure for financial transactions and asset issuances, making Stellar (XLM) a beneficial tool for consumers and businesses.

Stellar (XLM) is loaded with functionality, such as linking individuals, banks, and payment processors, transferring financial resources rapidly, reliably, and cheaply and enabling Stellar (XLM) users to develop, send and trade several cryptocurrencies.

Stellar (XLM) also takes pride in its quick transactions; to its consensus method, transactions take less than five seconds, and verifying them incurs minimal expense. Stellar (XLM) is significantly more environmentally friendly and energy-efficient than other cryptocurrencies, therefore contributing to the improvement of our world.

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Collateral Network (COLT) is a trailblazer in the DeFi field since it was the first to market in the crowdlending industry. Collateral Network (COLT), an innovative platform, will allow borrowers to lend against their physical assets, such as art, rare metals, cars, watches, and many more to secure loans using tangible assets, providing a secure and reliable means of collateralization in the world of cryptocurrency.

Collateral Network (COLT) offers a groundbreaking asset-backed lending marketplace for physical assets, with token holders who are borrowers receiving discounts on borrowing costs and interest and token holders who are crowdlenders receiving discounts on trading fees in the Collateral Network (COLT) marketplace.

The advantage of Collateral Network (COLT) is that it allows users to leverage their actual assets without having to sell them. Collateral Network (COLT) enables users to borrow against a variety of assets which would be held in a vault until the loan has been paid off completely by the investors, and the asset is then returned to the lender. However, in the event that the loan is defaulted, the asset is sold in auction.

As a result, Collateral Network (COLT) may see broad acceptance in the next months, with its price expected to rise 3500% from its present level of $0.01 in the first presale phase. The Collateral Network (COLT) native token, COLT, is intended to fuel the ecosystem. Collateral Network (COLT) token holders will get a variety of benefits and utilities.

Website: https://www.collateralnetwork.io/

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

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Ethereum (ETH) and Stellar (XLM) Whales Buy Into Presale Token ... - Blockzeit

The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours.

With crypto assets swelling in value and the crypto economy rising 1.2% to $1.24 trillion, the total value locked (TVL) in defi on Wednesday was $50.34 billion. The defi platform Lido Finance dominates the top defi protocols with $10.76 billion, up 10.60% in seven days and up 24.61% over the past month. Makerdaos TVL is the only defi protocol out of the top five that has seen a TVL reduction of 1.29%. Aave, Curve, and Uniswap have seen increases with Curve jumping ahead by 13.62%.

Most of the rise in defi has stemmed from the smart contract platform market capitalization rising 3.6% over the last day to $357 billion. The top five smart contract tokens have increased in value over the last week except for polygon (MATIC), which is down 3.9% over the past seven days. In terms of TVL by blockchain, Ethereum dominates the $50.34 billion by more than 59% with a total of $29.71 billion. Ethereum is followed by Tron ($5.35B), BSC ($5.1B), Arbitrum ($2B), and Polygon ($1.07B).

As far as liquid staking, the top protocol on Ethereum is Lido, on Tron its Neopin Staking, on BSC its Ankr, on Arbitrum the top liquid staking app is Tenderize, and the top staking protocol on Polygon is Thunderpokt. For Ethereum, theres 7,843,929 ETH worth $14.29 billion locked into liquid staking protocols today, with Lido dominating the pack. Behind Lido is Coinbase ($2.15B), Rocketpool ($805.53M), Frax ($224.22M), Stakewise ($158.34M), and Stakehound ($118.85M). The top five bridges, as far as TVL is concerned, include WBTC, Justcryptos, Multichain, Poly Network, and Portal.

At 3:30 p.m. (ET) on March 22, 2023, after the recent Fed rate hike and bitcoin (BTC) dropping 3.4%, the TVL in defi has managed to remain just above the $50 billion range at $50.08 billion.

What do you think is driving the rise in defi and its TVL? Share your thoughts about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, defillama.com,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Value Locked in Defi Rises Above $50 Billion Mark, Ethereum ... - Bitcoin News

We now have the chance to join the technological revolution while being conscious of our financial status thanks to cryptocurrencies. Users now have a handy option to enter the trading and investment markets thanks to the growing acceptance and popularity of cryptocurrencies.

Everyone, from multinational businesses to the average consumer, is keenly searching for the greatest digital currencies to invest in. Cryptocurrencies attractiveness stems from its self-governing, decentralised business architecture, which does away with the middleman while safeguarding users money by recording each transaction in a thorough ledger known as a blockchain. Not to forget that it allows for a creative and intellectual reinvention of money and banking.

New industries are revealed every year that were just praying for their opportunity to shine. The fintech sector is constantly evolving. With all of this movement, hitting your shot can be difficult. In this article, well look at five coins that are good investments: Solana, Big Eyes Coin, Binance, Ethereum, and Bitcoin.

By earlier standards, Bitcoins current situation is difficult. Because of how unpredictable Bitcoins price has always been, its most recent dip is not all that different from its past declines. When it first launched, Bitcoin was only worth one dollar.

It peaked at $19,000 in 2017, then dropped to under $10,000 before surging to over $63,000 in 2021. Yet, Bitcoin, the cryptocurrency industrys pioneer, is still by far the most recognisable brand name in existence.

Only Ethereum deserves to be valued significantly more than it is at the moment. Ethereum is required for the production of well-known NFTs, the construction of blockchain technologies, and the storage of new coins like Big Eyes Coin (BIG).

Also, since its upgrade in September 2022, when it changed from a proof-of-work method to a proof-of-stake protocol, Ethereum is currently considered one of the most environment-conscious cryptocurrencies on the planet. As a result of The Merge, Ethereums energy consumption has been reduced by 99.99%, making it much less harmful to the environment.

Weve previously talked about two of the most influential people in the cryptocurrency industry, whose businesses were founded on sophisticated, cutting-edge technology and amazing computational feats. That could all appear a little mysterious and technical. Thankfully, there are certain currencies out there that value entertainment and user-friendliness equally to technology.

Big Eyes, a cryptocurrency that is now in pre-sale, is about to enter the market. This tiny coin has its sights set on the major leagues with 200 billion tokens and an amazing presale. The premise that Big Eyes understands NFT culture and recognises its importance in the modern era is another significant aspect.

Big Eyes are conscious of and sensitive to this demographic and aim to expose alt-coins to a completely new generation. Big Eyes are developing a hospitable and friendly company image for itself because of its instantly recognisable character. In recognition of our shared obligation to preserve the ocean, Big Eyes plan to donate 5% of its public wallet to organisations doing so.

Currently, Big Eyes are. running both a loot box programme and a promotional offer using code BULLRUN250

The Binance Chain, a private blockchain network, is owned by BNB. Binance maintains an equilibrium between its supply and value since it is a deflationary coin. Most experienced investors prefer it. An increase in demand is the result. Because holders of Binance Coin can use their coins to pay for transactions, it is widely used to streamline exchange operations.

Solana is highly known. Solana was established in the latter part of 2017 and got all of its uniqueness from speed. The creator of the cryptocurrency, Andrei Yakovenko, did research to develop the blockchain technology upon which it is based. The fundamental idea is to force distant devices to sync up with each other by having them depend on a reliable clock. Solana registered an amazing 500,000 transactions per second during their open testing phase in 2018. The pinnacle of programming is this.

By 2023, Solana will be among the top 20 fastest-growing currencies worldwide. Yet, given how volatile the world of cryptocurrency is, anything might arise out of nowhere and change the scenario.

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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Bitcoin, Big Eyes Coin, Ethereum, Solana, and Binance: Coins You ... - NewsWatch