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  • The CEO of EMURGO, Ken Kodama recently sat down with CryptoSlate in a recent interview where he discussed some of the milestones the team have had.
  • As the chief of the subsidiary, Kodama spearheads the overall mission to further the adoption of Cardano.

The CEO of EMURGO, Ken Kodama recently sat down with CryptoSlate in a recent interview where he discussed some of the milestones the team have had as well as Cardano’s progress in the space.

For those that don’t know, EMURGO is the commercial arm of Cardano and as the chief of the subsidiary, Kodama spearheads the overall mission to further the adoption of Cardano by building, investing in, and giving advice to projects or organisations that adopt the third-generation decentralised blockchain ecosystem. 

Here are some of the highlights of the interview Kodama had with CS.

To start with, the interviewer asked Kodama about the big fets the project had made over the past two years and how EMURGO can assist the rate of adoption:

“EMURGO, as the official commercial arm of Cardano & its Cardano ecosystem partners IOHK and the Cardano Foundation recently celebrated the 2nd year anniversary of Cardano’s ADA first exchange listing in September 2017. Over the past two years, EMURGO has rapidly expanded its bases in Singapore, Japan, India, Indonesia and New York.”

He continues, saying:

“From the onset, EMURGO has strategically laid out a multi-pronged approach to build a global Cardano by embracing a set of dual objectives:

  • Add value to ADA holders by building, investing in, and advising projects or organizations that adopt Cardano’s decentralized blockchain ecosystem.
  • Accelerate and drive the practical application of ADA and provide utility & liquidity to ADA holders. For example: getting ADA listed on exchanges, getting merchants to adopt ADA payments, developing a mobile ADA wallet, developing a Cardano Blockchain Explorer (Seiza), and so on.”

Following on from this, CS asked Kodama about the products they are working on including Yoroi Wallet, Seiza Cardano Explorer, and Tangata Manu.

Kodama said:

“All three of these products were developed by EMURGO to drive adoption of Cardano and bring value to ADA holders. Yoroi Wallet is a light-client wallet for Cardano ADA users that is specifically designed to be simple, fast, and secure – a financial gateway to the future. Yoroi is fully functional and available for free download on iOS, Android, Chrome, & Firefox extension. To date, Yoroi Wallet has consistently enjoyed an excellent rating in all of its available app stores as it has delivered a spectacular user experience and also has a full engineering team developing updates and offering technical support on a full-time basis. Over the coming months, EMURGO will roll out new updates and features for Yoroi Wallet to make for a greater user experience.”

More of these highlights will be posted later today, so make sure you keep it with CryptoDaily!

To read the original interview, click here.

Robert Johnson , 2019-11-23 11:00:00 ,

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NewsBlock © 2019 - 2020 All rights reserved.

NewsBlock © 2019 - 2020. All rights reserved.

While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock

Nick Chong , 2019-11-10 12:00:38

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