Cardano’s ADA token becomes third largest cryptocurrency

Cardano ADA Token

ADA, Cardano’s native token, has surpassed stablecoin Tether to become the third largest cryptocurrency based on market cap.

According to cryptocurrency tracker CoinGecko, the ADA token now has a market cap of $64.9 billion (£47.2bn) compared to recently overtaken Tether which sits just shy at $64.6 bn (£46.9bn).

Perhaps more notably, the Cardano coin has a seven day growth rate of 20.8%, putting it leaps and bounds ahead of Tether’s 0.7% growth or top dog...

Visa partners with neobank First Boulevard for new crypto API initiative

Visa has chosen First Boulevard, a neobank with a focus on financially empowering the Black American community, as a partner for its new crypto API program anticipated to launch later this year.

First Boulevard will be the first to pilot Visa’s suite of crypto APIs which will allow the neobank’s customers to purchase, hold, and trade digital assets held by Anchorage, a federally chartered digital asset bank.

For Visa, this marks an important step in expanding the...

Kirobo claims ‘retrievable’ crypto transaction solution

Meet Kirobo. The Israel-based startup claims its solution can retrieve cryptocurrency that has been sent to the wrong address.

The company aims to add an extra layer of logic to give users and crypto service providers new capabilities. Kirobo 'provides a unique code to every transaction that must be entered by the recipient in order to receive the transfer', the company notes. 'Until the right code has been provided by the recipient, the sender can retrieve the funds at any...

Switzerland wants to accommodate crypto within existing financial laws

Cryptocurrency coins.

The Swiss Government believes that its existing financial laws are compatible to deal with new technologies like the 21st century’s most talked about distributed ledger technology (DLT) – the blockchain. And that is why the country’s Federal Council recently issued a report that outlines a legal framework for distributed ledger technology (DLT) to be included in the current financial system.

In the report, the council has proposed an amendment to the country’s securities...