Cardano is listed in Japanese exchange: ADA price corrected
Cardano is listed in Japanese exchange: ADA price correctedCardano is listed in Japanese exchange: ADA price correctedCardano Kurs, ADA Münzen StapelCardano Kurs, ADA Münzen Stapel

Currently, Cardano is undoubtedly the coin of the moment. Most recently, the price of the cryptocurrency rose sharply due to the announcement of the Alonzo update. Now, Japanese cryptocurrency Bitpoint is the first exhange in the country to list the cryptocurrency. While this means that around 126 million residents of Japan will be able to buy Cardano, the crypto market is experiencing a slight correction. Cardano (ADA) also falls to below $2.60.

Charles Hoskinson celebrates admission with Japanese poem

Input Output HongKong founder Charles Hoskinson expressed his delight at Bitpoint’s move, tweeting a haiku poem by Matsuo Basho, considered the greatest Japanese poet of the Edo period, to match the Alonzo development phases named after Goguen and Basho.

For Japanese crypto exchange Bitpoint, the addition of Cardano also represents a big step. The exchange is more than confident in the Cardano project:

“Due to its high scalability, we expect many applications to be developed and used through the adoption of smart contract technology that will be implemented in the future. This should result in growth of the ecosystem and protocol.”

Collaboration with Coinfirm.io

That said, this is not the only news at Cardano. Cardano is still looking for new partners to better position itself in the market.

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In an announcement made by the company this week, the Cardano Foundation said it will use Coinfirm.io’s analytics to ensure it remains compliant with anti-money laundering and counter-terrorist financing requirements.

The foundation said the partnership will enable “full compliance” with the FATF and the European Union’s Sixth Anti-Money Laundering Directive, as well as other supranational organisations.

Mel McCann, head of technical integration at the foundation, commented, “AML/CFT analytics are essential to ensure that a crypto

The foundation said it will be able to track the same analytics across all exchanges and custodians.

The

tools and services provided by Coinfirm will allow any exchange, custodian or any other third party to track clearly. “

The foundation also said it will be able to provide the same analytics for all assets minted on the Cardano blockchain. This will become increasingly important as the blockchain prepares for the full launch of the Alonzo Purple hardfork on September 12.

How will the stock price perform after September 12?

After hitting a new all-time high of $2.97 on August 23, Cardano’s price has now corrected significantly to as low as $2.53. Currently, ADA is trading at 2.59 USD. Due to the fact that the other cryptocurrencies also lost value, ADA is still the third most valuable cryptocurrency on the market after BItcoin (BTC) and Ethereum (ETH). It has a market capitalization of $83 billion.

Still, many expect the ADA price to rise significantly before the final realization of smart contracts on September 12. Just a few weeks ago, Michael van Poppe spoke of an ADA price of USD 5

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, which could be reached shortly.

However, the question of the long-term price development of the Ethereum competitor is much more exciting. After all, if there really is a very sharp rise up to the Alonzo update, the price is also likely to experience a major correction once again. Whether Cardano can actually move past Ethereum to become the number two remains to be seen.

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