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Cardano had a noteworthy second quarter. Cardano's blockchain activity has seen growth in both the value locked and transactional metrics compared to the first quarter. This uptrend is due to technical enhancements and heightened developer interest. Notably, the decentralized exchange Minswap experienced significant growth, and various new decentralized applications (dapps) also contributed to this surge.
However, it's interesting to note that while transaction activity increased, there was a 4% decrease in the number of active daily users, marking the fourth such decline in address activity over the past five quarters. Nevertheless, the ratio of transactions to active addresses has been steadily rising, indicating that the average user is now more active than before. In Q2, this ratio saw a 6.1% increase compared to the previous quarter and a 13.2% increase year-on-year.
The blockchain load, which measures the amount of data contained in blocks over a specific period, rose to 50% from under 40% in the previous three months, with a peak at 81% in May.
Interestingly, $175 million worth of tokens are currently locked on Cardano, the highest level for this year. This increased activity follows key Cardano upgrades implemented since the beginning of the year. These upgrades include a change to reduce "epoch" transitions, making the blockchain smoother for network users. An epoch is a time period on Cardano, lasting 432,000 slots, with each slot equivalent to one second. During these epochs, ADA tokens are staked, potentially increasing demand for the tokens as block rewards become more attractive based on network activity.
In March, a feature on Milkomeda, a network connecting blockchains to the Ethereum Virtual Machine (EVM), allowed Cardano blockchain users to access EVM smart contracts with any Cardano (ADA) wallet. This expansion of the ecosystem's utility enables Ethereum application developers to build on Cardano's network using Solidity, the coding language used for Ethereum, without the need for new toolkits or learning a different language.
Cardano's blockchain activity is on the rise, driven by technical improvements and increased developer interest. Despite a drop in the number of active daily users, the ratio of transactions to active addresses suggests increased user engagement. Key upgrades and expanded compatibility with Ethereum's ecosystem contribute to Cardano's growing presence in the blockchain space.
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BTC Bitcoin Update. Check the live show for more cryptos and deeper Bitcoin analysis, check chapters to skip to the bits that interest you though the rest is also good.
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00:00 BTC price analysis
#BTC #BTCD #BTC1 Bitcoin spot bitcoin futures bitcoin dominance.
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#CS #Credit Suisse Chart Technical Analysis, are we looking at a bounce. a forever sleep for CS?
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Big Banks are In danger. The Fed is in danger. Quantitative Tightening is about to hit the floor while capitulation has come at the worst moment as it always does. Hold on to your pants. If we drop they will be a valuable commodity where we are going. If you're looking for top side targets watch until the end.
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In a recent revelation that has sent shockwaves through the financial world, the Financial Conduct Authority (FCA) has determined that former Barclays PLC chief executive, Jes Staley, acted "recklessly" concerning the disclosure of his association with the infamous financier, Jeffrey Epstein. The FCA’s findings have ignited a maelstrom of questions, leaving the public wondering why such lies were told, what these untruths imply about the connection between the ex-Barclays CEO and Epstein, and what secrets might be so significant that they outweigh the staggering financial penalties imposed.
Barclays issued a statement, encapsulating the FCA’s verdict, stating that Staley had acted recklessly by approving a letter dated 8 October 2019, which contained misleading information about his relationship with Jeffrey Epstein. The Regulatory Decisions Committee at the FCA board concluded that this letter breached multiple rules of conduct, including integrity, cooperation with regulators, and appropriate disclosure of information. Consequently, the FCA imposed a hefty fine of £1.8 million on Staley and banned him from the financial services industry.
The critical questions that emerge from this case are myriad. Why did Staley feel compelled to mislead regulators about his ties to Epstein? What was the nature of their association, and why was Staley willing to jeopardize his career by withholding crucial information? These questions lead to a broader inquiry into the hidden truths that might be lurking beneath the surface.
Furthermore, the connection between Staley and Epstein raises eyebrows and prompts speculation. What could prompt a high-profile banking executive to associate with someone like Epstein, especially considering the serious legal implications surrounding Epstein's activities? The answer to this question could unveil a web of relationships and alliances that extend far beyond what is currently known.
As Staley prepares to contest the FCA’s decision in the Upper Tribunal, the financial world waits in anticipation. What could be so significant that Staley is willing to face such severe consequences? The staggering financial penalties, including the suspension of his deferred bonus and executive incentive share plan awards, totaling an estimated £17.8 million, underscore the gravity of the situation. Additionally, the cancellation of £2.1 million in unvested bonuses further emphasizes the seriousness of the misjudgment.
It is crucial to note that the FCA’s investigation did not implicate Barclays or any of its other employees, focusing solely on Staley’s actions. However, the shadow of doubt looms large, leading observers to wonder if there might be more to this story than meets the eye.
In the wake of Epstein’s tragic demise in 2019, the questions surrounding his connections continue to reverberate. The world watches, intrigued and disturbed, as the truth behind the lies, secrets, and financial penalties slowly unravels, shedding light on a complex web of relationships, decisions, and consequences that have far-reaching implications for the individuals involved and the financial industry as a whole.
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