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- Weekly Digest #29: Post Finance offers ADA trading, Cardano's head start on MiCA compliance, Project Catalyst voting, & More!
Weekly Digest #29: Post Finance offers ADA trading, Cardano's head start on MiCA compliance, Project Catalyst voting, & More!
Weekly Digest #29: Post Finance offers ADA trading, Cardano's head start on MiCA compliance, Project Catalyst voting, & More!
Hey Cardanians! Welcome aboard the Weekly Cardano Digest #29!!
We've filtered through all the noise to distill crucial updates into a breezy, 5-minute read. No need for you to sift through endless info — we've got you covered. Ready to delve into this week's top Cardano news? Let’s dive in.
Here are the topics of the week:
Shape Cardano's Future: Vote Now in Fund 12
Cardano Goes Mainstream: Swiss Bank PostFinance Now Offers ADA Trading
Head Start on MiCA Compliance: Cardano Meets Indicators Six Months Early
Charles Hoskinson Appears on “Unshielded,” Midnight’s New Podcast Series
Cardano's Chang Hard Fork Upgrade Foresees a Positive Impact on ADA Pricing
Weekly Development Report
& More!
This newsletter is segmented into categories of less technical news topics to those that are more technical, in an effort to make it easier for our readers to follow. The first category will focus on news involving the Cardano ecosystem, while the second category will focus on projects that have been announced recently. The third category, which will be found towards the end of the newsletter, will focus on the most technical topics.
This week on Cardano…
Shape Cardano's Future: Vote Now in Fund 12
The Cardano community is actively shaping its future through Project Catalyst's Fund 12 voting round. Until July 11th, ADA holders have the opportunity to directly influence Cardano's global expansion by selecting the most impactful proposals.
Leading the charge is our very own Lucas Macchiavelli, Cardano ambassador and team member of the Cardano Newsletter. As an active member of the Latam Cardano Community, Lucas has co-authored six compelling proposals across two categories: Cardano Open: Ecosystem and Cardano Use Cases: MVP. These proposals address key areas with the potential to significantly advance Cardano's global adoption.
Strategic Growth Initiatives:
"Cardano Worldwide Marketing Campaign": This proposal outlines a professional marketing strategy targeting major crypto hubs worldwide, aiming to solidify Cardano's presence in critical markets like the USA, Switzerland, and Singapore.
"Scaling Cardano Adoption in Latam: A University & Incubator Outreach Program": Building on previous successes, this proposal aims to bridge the gap in Cardano awareness within Latam universities and incubators, fostering a strong foundation for future growth.
Education and Community Building:
"Academic Research at UBA, a Top LATAM University, with Focus on Decentralized Governance Research": This proposal facilitates a thought-provoking educational event at the prestigious University of Buenos Aires, fostering deep discussions on decentralized governance and Cardano's innovative approach.
"LATAM Cardano 2024: Driving Crypto Adoption in Mexico": Recognizing Mexico's burgeoning crypto scene, this proposal seeks to organize a large-scale event in Mexico City, featuring workshops, panels, and networking opportunities to engage a wider audience.
Leveraging Strategic Partnerships:
"Bring Tier 1 influencers to Cardano through Impact marketing": This proposal emphasizes the power of targeted marketing campaigns. By collaborating with top influencers in Argentina, it aims to reach millions on social media and significantly enhance brand awareness within the region.
"The bridge from JAPAN to LATAM, by Token Allies DAO": This innovative proposal promotes cross-regional collaboration by facilitating connections between investors in Japan and promising projects in Latam. By dismantling barriers and promoting transparency, Token Allies DAO envisions a more inclusive venture capital landscape.
From the Cardano Newsletter, we encourage you to explore these innovative proposals in detail on the Project Catalyst voting platform! By casting your vote before July 11th, you have a direct say in shaping Cardano's future and supporting the initiatives that align with your vision for the ecosystem's growth.
Cardano Goes Mainstream: Swiss Bank PostFinance Now Offers ADA Trading
PostFinance, a major Swiss government-owned bank, has just announced it's adding Cardano (ADA) to its list of tradable digital assets. This means you can now buy, sell, and hold ADA directly through PostFinance, offering greater convenience and accessibility for the Cardano community in Switzerland.
The announcement also means that PostFinance will be the first systemically important bank in Switzerland to bring crypto trading directly to its customers. The institution manages over 106 billion francs in customer assets and facilitates more than a billion payment transactions annually. This extensive track record has earned the trust of over 2.5 million customers who rely on PostFinance for their financial needs.
A significant development for Cardano, the partnership signifies growing mainstream adoption from a well-established financial institution. In addition to Cardano (ADA), PostFinance is also expanding its offerings to include other cryptocurrencies like Ripple (XRP), Solana (SOL), Avalanche (AVAX), and Polkadot (DOT).
PostFinance leverages Sygnum's established B2B banking infrastructure, which already facilitates secure buying, selling, and storage of major cryptocurrencies for PostFinance clients. This latest move caters to the growing demand for a wider range of digital asset investment options in Switzerland. For the Cardano community, this is a chance to leverage a secure and trusted platform for managing their ADA holdings. READ MORE
Head Start on MiCA Compliance: Cardano Meets Indicators Six Months Early
Cardano is taking a proactive stance on regulation! The Cardano Foundation, in collaboration with the Crypto Carbon Ratings Institute (CCRI), has updated Cardano's MiCA compliance indicators a full six months ahead of schedule. This move positions Cardano as a leader in regulatory compliance and transparency within the cryptocurrency industry.
Early compliance demonstrates Cardano's commitment to responsible growth and positions it favorably within the European market.The MiCA compliance report details Cardano's energy consumption, carbon footprint, and transactional efficiency, fostering trust among investors and stakeholders. These actions set a new benchmark for energy efficiency and regulatory foresight within the crypto metaverse.
What's the benefit for ADA holders?
Cardano's proactive approach to MiCA compliance signals its ability to navigate the evolving regulatory landscape, offering reassurance to ADA holders and stakeholders about the project's long-term resilience. READ MORE
Charles Hoskinson Appears on “Unshielded,” Midnight’s New Podcast Series
Midnight, a data privacy network in the Cardano ecosystem, launched a new video podcast series. “Unshielded” explores the field of zero-knowledge technology, highlighting Midnight's contributions, its engaged community, and the wider data protection landscape.
Unshielded offers regular episodes featuring in-depth conversations with Midnight community members and leading tech figures: developers, engineers, cryptographers, and data privacy experts shaping the future of zero-knowledge technology. Together, they'll explore how this technology can create a more equitable internet and foster wider adoption of blockchain technology.
The inaugural season of Unshielded featured exclusive interviews with the Midnight team, including a special two-part whiteboard session with Charles Hoskinson. Using his signature whiteboard session, Hoskinson broke down the core concepts behind Midnight, including how it integrates identity, private smart contracts, and a unique consensus mechanism to enable secure, decentralized, and privacy-preserving transactions. This video format visually explained and simplified complex concepts, resulting in a richer and more engaging experience for viewers. READ MORE
Cardano's Chang Hard Fork Upgrade Foresees a Positive Impact on ADA Pricing
The upcoming Chang Hard Fork remains a major point of interest for ADA holders, with some speculating it could trigger a price rally. The update is significant because it marks a step towards decentralized governance within Cardano. This means ADA holders will have a greater say in the future direction of the project through a community-driven constitution.
Here's a breakdown of the key aspects:
Hard Fork Progress: A critical update for the network's infrastructure is now ready. However, further progress depends on stake pool operators implementing the changes (estimated to take around a month).
Decentralized Governance: The hard fork paves the way for a three-stage process towards on-chain community consensus.
Stage 1: Delegate Representatives: ADA holders will be able to delegate their voting rights to representatives. Registration for these representatives is expected to start later in 2024.
Stage 2: Cardano Constitution: A draft constitution outlining the governance framework will be created and voted on by the community.
Stage 3: Long-Term Governance: If approved, the constitution will guide Cardano's future development with community participation. READ MORE
Weekly Development Report
Interesting Stories:
🎊 A Message from Lucas 🎊
Hi everyone! This week has been packed with activities as preparations for the Argentina Digital Nation are in full force. If you haven’t heard already, this event will bring key players from both the public and private sectors together to discuss blockchain adoption, Web3 technology, and entrepreneurship. A limited number of early bird tickets for the event are now available at a massive 60% discount. Act fast to secure yours before they're gone!
If you’re traveling from abroad, please don’t hesitate to reach out to me if there is any help or information you need regarding traveling logistics. I’d be more than happy to help.
As always, my team and I are constantly working to make the Cardano Newsletter the best it can be, packed with all the information that you need. If you have a spare minute, please fill out this quick form with your feedback.
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