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A Dubai based crypto-based investment fund, FD7 Ventures says it will offload bitcoins worth $750 million and will use the proceeds to increase positions in Cardano and Polkadot tokens. According to FD7 Ventures, this switch to the two altcoins will help the fund to better serve the interests of investors who are looking to diversify […]

FD7 Ventures, a cryptocurrency investment fund based in Dubai with $1 billion in assets under management, has announced it plans to sell $750 million worth of bitcoin over the next 30 days, so it can increase its positions in Cardano (ADA) and Polkadot (DOT). According to a press release, the move will see the fund […]

With this move, the crypto investment fund would be selling most of the $1 billion under management to invest in the upstart blockchains. Both ADA and DOT are high-speed, low-cost smart contract deployment networks that claim to enable scalability. BTC Served its Purpose According to FD7 Managing Director, Prakash Chand, the fund feels as though … Continued

For many investment firms, bitcoin is perhaps the only asset worth buying. Its popularity and value give the asset unique credibility that other altcoins are yet to attain. But for this Dubai-based global investment crypto fund, Bitcoin does not meet the requirements of a flagship digital asset. Hence, the firm’s decision to sell an astounding […]

Input Output HK inks a partnership with Mutual Knowledge Systems startup (MuKn) to add one more programming language to Cardano (ADA) devnet. What is special about Glow?

FD7 Ventures will sell off $750 million of its Bitcoin holdings and allocate the funds in Cardano (ADA) and Polkadot (DOT).

But institutional investors appear to be propping up prices by buying the dip. Cardano also breaks into the top 3 biggest cryptocurrencies.

Old semi-ironic ranking by Adam Back inspired the name of ADA staking pool operated by Cardano (ADA) inventor Charles Hoskinson

The Dubai-based fund says Bitcoin is “pretty useless” and altcoins like Cardano are a better bet for new investors.

In brief: Dubai based FD7 Ventures, plans to sell $750M worth of its Bitcoin over the next 30 days The global investment fund will use the proceeds to increase the company’s position in Cardano (ADA) and Polkadot (DOT) The company explained the move was in response to the needs of its investors Cardano’s founder, Charles Hoskinson, welcomed FD7 into the ADA ecosystem FD7 Ventures, a Global Crypto...

Bitcoin spent Thursday, Feb 25 not doing too much. The alpha crypto remained range-bound for most of the day having briefly tapped over $50,000. The cryptocurrency could not hold above that level and fell below the mark once again.  SEC After Musk Again The market excitement came in the form of the U.S. Securities and … Continued

In an official tweet, the Cardano core development team (IOKH) notified the community that the Mary Cardano protocol update would go live on March 1. The team hailed Mary’s deployment to Mainnet as another key milestone that brings ADA closer to the Goguen era.   the IOHK team added in a follow-up tweet:  “We shall shortly … Continued

The open interest for ADA futures rose to $580 million, flipping Litecoin to become the third-largest derivatives market.

Cardano is up by a strong 9% today. Against Bitcoin, ADA set a fresh high for 2021 as it hits 2300 SAT.

The largest cryptocurrency in the market, Bitcoin slipped under $50k, and in its footsteps, the altcoin market also noted price dips. However, despite facing a strong blow, some altcoins were quick to bounce back, like Cardano [ADA]. With a market capitalization of $33.33 billion, Cardano has secured the fifth position on the CoinMarketCap’s list. Despite […]

According to Cardano Founder Charles Hoskinson, there is room for more than one smart contract platform in the market. In a recent interview, Hoskinson said, “ I think there’s definitely room in the marketplace for several strong protocols.” Highlighting the co-existence of several big tech companies, such as Google, Apple, and Microsoft, he said that […]