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Adaverse

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								<p>EMURGO, a key player in advancing Web3 through the Cardano blockchain, has announced a collaboration with Huawei Cloud. The primary objective of this partnership is to integrate a Cardano Validator Node into Huawei Cloud, with the aim of bolstering the infrastructure of the Cardano network.</p>
<p>Ken Kodama, CEO of EMURGO, highlighted the partnership’s objective to combine Huawei Cloud’s global presence with EMURGO’s expertise in the Cardano ecosystem. This collaboration seeks to accelerate the adoption of Web3 by leveraging Huawei Cloud’s trusted cloud technology alongside Cardano’s robust blockchain network.</p>
<h2>Expanding the Cardano Ecosystem</h2>
<h3>Strategic Expansion in Key Markets</h3>
<p>This collaboration marks the initial phase of a broader partnership focused on expanding the Cardano ecosystem in vital markets across Asia Pacific and Africa. Huawei Cloud, a subsidiary of tech giant Huawei, stands as a prominent global provider of cloud computing services. Through this partnership, Cardano developers will gain access to Huawei Cloud’s extensive network and computing resources to develop Web3 solutions on the Cardano platform.</p>
<p>The integration is poised to enhance Cardano’s scalability and interoperability in the cloud environment, further extending its Web3 offerings through Huawei’s Marketplace, catering to numerous enterprise clients.</p>
<blockquote>
<p>🚀 EMURGO, a key player in the <a target="_blank" href="https://twitter.com/hashtag/Cardano?src=hash&amp;ref_src=twsrc%5Etfw">#Cardano</a> blockchain ecosystem, is collaborating with <a target="_blank" href="https://twitter.com/hashtag/Huawei?src=hash&amp;ref_src=twsrc%5Etfw">#Huawei</a> Cloud to establish a Cardano Validator Node. This move not only bolsters Cardano's network but also opens up access to Huawei Cloud's vast resources for developers, fostering innovation… <a target="_blank" href="https://t.co/qkuDDyxmuX">pic.twitter.com/qkuDDyxmuX</a></p>
<p>— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) <a target="_blank" href="https://twitter.com/CollinBrownXRP/status/1778394979657830510?ref_src=twsrc%5Etfw">April 11, 2024</a></p>
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<h2>EMURGO’s Influence and Presence</h2>
<h3>Strengthening Cardano’s Reach</h3>
<p>EMURGO, an integral part of the Cardano blockchain, oversees a network of over 3,000 stake pools, ensuring the security of the Cardano network and providing staking opportunities to millions of users worldwide. With a foothold in Africa through initiatives like the Cardano accelerator, Adaverse, and EMURGO Africa, the organization is primed to expand its influence across the Asia Pacific, including key markets like Singapore, Indonesia, India, and Japan.</p>
<p>This partnership with Huawei Cloud signifies a strategic maneuver by EMURGO to leverage blockchain technology for innovation and sustainable development across these regions.</p>
<h2>Analyzing Cardano’s Market Performance</h2>
<h3>Insights into ADA’s Market Dynamics</h3>
<p>A comprehensive analysis of Cardano (ADA) reveals a multifaceted perspective indicative of the cryptocurrency market’s dynamic nature. While technical analysis suggests ADA’s downward trend, with moving averages signaling bearish dominance, a positive divergence in the Relative Strength Index (RSI) suggests a potential reduction in selling pressure.</p>
<p>As of the latest update, Cardano (ADA-USD) is trading at approximately $0.58, marking a modest increase of about 1.66%. A breakthrough above the 20-week exponential moving average (EMA) could trigger a rally towards the 50-week simple moving average (SMA), potentially reaching $0.68. Conversely, a breach below the critical support level of $0.29 could signal a continuation of the downtrend, with a potential decline to $0.25.</p>
<p>Market sentiment appears bullish, as evidenced by the defense of the $0.60 support level and increasing funding rates on derivatives trading platforms, indicating a potential retest of the $0.70 level by traders.</p>
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Cointrust

EMURGO and Huawei Cloud: Boosting Cardano’s Web3 Infrastructure

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								<p>EMURGO, a foundational arm of the Cardano network, has <a href="https://twitter.com/emurgo_io/status/1778242733028905273" target="_blank">partnered</a> with Huawei Cloud to amplify the network’s presence and enhance its cloud-based blockchain solutions. Announced on April 11, 2024, this strategic alliance integrates EMURGO’s blockchain prowess with Huawei Cloud’s formidable infrastructure, aiming to accelerate Web3 adoption across the region.</p>
<h2>Cardano Expands In Asia</h2>
<p>At the heart of this partnership is the establishment of a Cardano <a href="https://bitcoinist.com/ethereum-validating-nodes-more-attainable-as-eth-price-collapses/" target="_blank">Validator Node</a> on Huawei Cloud. This strategic integration will leverage Huawei’s expansive cloud infrastructure, offering unprecedented scalability and reliability to the network.</p>
<p>By combining Huawei Cloud’s robust computational resources and global network with Cardano’s advanced blockchain technology, this partnership aims to enhance the performance, scalability, and interoperability of <a href="https://bitcoinist.com/cathie-wood-cheers-hong-kongs-crypto-web3-push/" target="_blank">Web3</a> applications on the platform.</p>
<p>A key aspect of this collaboration is the project’s access to Huawei’s Marketplace, a renowned platform frequented by leading enterprises globally. This integration will significantly extend the reach and applicability of Cardano’s Web3 solutions, fostering innovative applications and services within the blockchain ecosystem.</p>
<p>The partnership thus stands as a beacon of innovation, inviting developers to explore new frontiers in Web3 development on a secure and scalable cloud platform.</p>
<p>In expressing his enthusiasm for the partnership, EMURGO CEO Ken Kodama remarked, “This collaboration converges the traction of Huawei Cloud’s trusted cloud technology with Cardano’s network of blockchain developers and Web3 solutions, representing our shared vision to accelerate Web3 adoption while enabling transparency and trust in the cloud ecosystem.” Kodama’s statement underscores the strategic alignment of both entities in fostering an environment conducive to digital innovation and growth in the Asia Pacific region.</p>
<p>Rex Lei Yang, Managing Director of Huawei Cloud Singapore, highlighted the strategic advantage this partnership offers to Huawei Cloud: “Collaborating with EMURGO enables us access to an expansive network of Web3 developers and innovative solutions on the Cardano blockchain network. This is a significant step towards future-proofing Huawei Cloud’s business and solidifying our position as a leader in the cloud ecosystem.”</p>
<p>Furthermore, the partnership also underscores EMURGO’s commitment to extending the ADA ecosystem across major economies in Asia Pacific and Africa. With an established presence in regions including Singapore, Indonesia, India, and Japan, EMURGO aims to further cement its footprint, leveraging more than 3,000 <a href="https://bitcoinist.com/arthur-hayes-cardano-dog-shit-hoskinson-reacts/" target="_blank">stake pools</a> or validators that secure the network.</p>
<p>The Cardano accelerator, Adaverse, and <a href="https://bitcoinist.com/cardano-developer-emurgo-undaunted-by-bear-market/" target="_blank">EMURGO Africa</a>, are pivotal to this expansion, enhancing accessibility and utility across the continents.</p>
<p>At press time, ADA traded at $0.583.</p>
<figure><img src="https://bitcoinist.com/wp-content/uploads/2024/04/ADAUSD_2024-04-11_14-05-34.png?resize=1024%2C472" alt="Cardano price" srcset="https://bitcoinist.com/wp-content/uploads/2024/04/ADAUSD_2024-04-11_14-05-34.png?resize=1024%2C472?w=3628 3628w, https://bitcoinist.com/wp-content/uploads/2024/04/ADAUSD_2024-04-11_14-05-34.png?resize=1024%2C472?w=640 640w, https://bitcoinist.com/wp-content/uploads/2024/04/ADAUSD_2024-04-11_14-05-34.png?resize=1024%2C472?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/04/ADAUSD_2024-04-11_14-05-34.png?resize=1024%2C472?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/04/ADAUSD_2024-04-11_14-05-34.png?resize=1024%2C472?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/04/ADAUSD_2024-04-11_14-05-34.png?resize=1024%2C472?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2024/04/ADAUSD_2024-04-11_14-05-34.png?resize=1024%2C472?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/04/ADAUSD_2024-04-11_14-05-34.png?resize=1024%2C472?w=1140 1140w, https://bitcoinist.com/wp-content/uploads/2024/04/ADAUSD_2024-04-11_14-05-34.png?resize=1024%2C472?w=3000 3000w" /><figcaption>ADA price, 1-day chart | Source: <a href="https://www.tradingview.com/x/3FH5kmid/" target="_blank">ADAUSD on TradingView.com</a></figcaption></figure>
<p>Featured image from Swissborg Academy, chart from TradingView.com</p>
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		<p><img alt="Jake Simmons" src="https://bitcoinist.com/wp-content/uploads/2023/10/Jake-Simmons.jpg?resize=300%2C300" srcset="https://bitcoinist.com/wp-content/uploads/2023/10/Jake-Simmons.jpg?resize=300%2C300 2x" />		</p>
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				Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.			</p>
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Bitcoinist

Cardano Conquers Asia Pacific: EMURGO, Huawei Cloud Join Forces

<p style="margin-left:0px;"><strong>SINGAPORE, 11 April 2024</strong> — EMURGO, a blockchain company that drives Web3 adoption via the Cardano blockchain, today announced a partnership with <a href="https://www.huaweicloud.com/intl/en-us/">Huawei Cloud</a> to extend support for a Cardano Validator Node on the Huawei Cloud, further strengthening the Cardano network. As a strategic partner, EMURGO will establish a Cardano Validator Node on Huawei Cloud, bringing Huawei’s cloud infrastructure into Cardano’s open-source public blockchain ecosystem, ultimately driving growth and Web3 adoption in Asia Pacific and Africa.&nbsp;</p><p style="margin-left:0px;">Huawei Cloud, the leading cloud service brand under technology giant Huawei, is one of the world’s largest cloud computing companies. Through this partnership, Cardano developers will be able to leverage Huawei Cloud’s expansive network and computing resources to build innovative Web3 solutions within the Cardano blockchain. This collaboration will further enhance the scalability and interoperability of Cardano’s cloud services. Additionally, Cardano will gain access to Huawei’s Marketplace, a platform used by many leading enterprises, expanding the reach of its Web3 capabilities.</p><p style="margin-left:0px;">This milestone marks the first step towards a larger collaboration between EMURGO and Huawei as the former expands the Cardano ecosystem in major regional economies across Asia Pacific and Africa. &nbsp;</p><p style="margin-left:0px;">Celebrating the milestone, <strong>EMURGO CEO Ken Kodama</strong> said: “We are excited to be partnering with Huawei Cloud, a world-leading cloud stack solution with extensive global reach. Marrying Huawei Cloud’s global network with EMURGO’s role as a gateway to the Cardano ecosystem, one of the most distributed blockchain networks in the industry, this collaboration converges the traction of Huawei Cloud’s trusted cloud technology with Cardano’s network of blockchain developers and Web3 solutions. This partnership represents our shared vision to accelerate Web3 adoption while enabling transparency and trust in the cloud ecosystem. We look forward to working closely with Huawei Cloud to drive mutual growth in Asia Pacific.”</p><p style="margin-left:0px;"><strong>Rex Lei Yang, Managing Director of Huawei Cloud Singapore</strong> shared: “At Huawei Cloud, we are on a mission to pursue continuous excellence to bolster our position as a market leader of the cloud ecosystem. We are energised by the opportunity to collaborate with EMURGO which will provide us with access to an expansive network of Web3 developers and innovative solutions on the Cardano blockchain network. This partnership will serve as a springboard for our Web3 services, and will go a long way to future-proof Huawei Cloud’s business in the long run.”</p><p style="margin-left:0px;">EMURGO is a founding entity of the Cardano blockchain, one of the most distributed blockchains in the industry with more than 3,000 stake pools or validators that secure the Cardano network and provide liquid, delegated staking capabilities for millions of Cardano users. EMURGO has an established network across Africa through the Cardano accelerator, Adaverse, and its regional entity EMURGO Africa, with plans to continuously strengthen its footprint across Asia Pacific beyond its existing presence in Singapore, Indonesia, India, and Japan. Nodes or stake pools in Cardano participate in securing the network with access being permissionless.&nbsp;</p><p style="margin-left:0px;"><strong>About EMURGO</strong></p><p style="margin-left:0px;">EMURGO is a blockchain technology company and a founding entity of the Cardano blockchain that provides products and services to drive the adoption of Cardano’s Web3 ecosystem.&nbsp;</p><p style="margin-left:0px;">Established in 2015 in Japan, EMURGO exists to facilitate commercial growth of the Cardano ecosystem and unlock the full potential of the ecosystem through partnerships, investments, education, and infrastructure development. To connect and learn more, visit <a href="https://emurgo.io/">https://emurgo.io</a>.</p><p style="margin-left:0px;"><strong>About Huawei Cloud</strong></p><p style="margin-left:0px;">Founded in 1987, Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. We have 207,000 employees and we operate in more than 170 countries and regions, serving more than three billion people around the world.</p><p style="margin-left:0px;">Our vision and mission are to bring digital to every person, home, and organisation for a fully connected, intelligent world. To this end, we will work towards ubiquitous connectivity and inclusive network access, laying the foundation for an intelligent world; providing diversified computing power where you need it, when you need it, to bring cloud and intelligence to all four corners of the earth; build digital platforms to help all industries and organisations become more agile, efficient, and dynamic; and redefine user experience with AI, making it smarter and more personalised for people in all aspects of their life, whether they’re at home, on the go, in the office, having fun, or working out.&nbsp;&nbsp;</p>

EMURGO

EMURGO Partners with Huawei Cloud to Expand the Cardano Network and Scale Web3 Solutions in Asia Pacific

<p style="margin-left:0px;">It’s been exactly 12 months since Djed’s successful launch, and fast enough, Djed became an integral part of Cardano’s ecosystem with almost 40 million ADA provided to the protocol.</p><p style="margin-left:auto;"><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/0*kyKyAYDd6uAn5A7h" alt="" loading="lazy"></p><p style="margin-left:0px;">To celebrate the first anniversary we’re taking a look back at everything that Cardano’s first overcollateralized stablecoin has achieved over the past year.</p><h2 style="margin-left:0px;"><strong>A Strong Beginning and Exciting Partnerships</strong></h2><p style="margin-left:0px;">Djed’s protocol’s successful Mainnet launch experienced wide adoption of its stablecoin DJED and its reserve coin, SHEN, by various DEXs on the Cardano network from day one. This saw the likes of <a href="https://minswap.org/"><u>Minswap</u></a>, <a href="https://www.wingriders.com/"><u>Wingriders</u></a>, and <a href="https://muesliswap.com/"><u>MuesliSwap</u></a> — all offer yield farming for holders that provided liquidity to the platform. DJED and its reserve coin, SHEN were also listed on <a href="https://www.bitrue.com/"><u>Bitrue</u></a>, and various DeFi platforms including <a href="https://app.vyfi.io/"><u>VyFinance</u></a>, <a href="https://liqwid.finance/"><u>Liqwid</u></a>, <a href="https://www.nmkr.io/"><u>NMKR</u></a>,<a href="https://fluidtokens.com/"><u> FluidToken</u></a>, and more, to enable its proper utilization and adoption across the Cardano network.</p><p style="margin-left:auto;"><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/0*pXRqM6l1F7P_veku" alt="" loading="lazy"></p><p style="margin-left:0px;">Utilizing a <a href="https://medium.com/cotinetwork/djeds-growth-continues-expanding-to-multiple-blockchains-c947fd62308a"><u>bridge created by ChainPort</u></a>, DJED was able to be ported across to the Binance Smart Chain and a liquidity pool created on the <a href="https://medium.com/cotinetwork/djed-is-now-available-on-bnb-dapps-ac5b899feca9"><u>Thena platform</u></a>.</p><h2 style="margin-left:0px;"><strong>The Advantages of Holding SHEN</strong></h2><p style="margin-left:0px;">The first distribution of delegation rewards for SHEN holders took place earlier than anticipated, and rewards were shared among eligible users starting February 23. At the time of writing, around 900,000 ADA have already been distributed amongst SHEN holders.</p><p style="margin-left:0px;">SHEN holders also enjoy a share of both mint and burn fees and DEXs APRs.</p><h2 style="margin-left:0px;"><strong>12 Months of Stability</strong></h2><p style="margin-left:0px;">Over the past 12 months, and throughout some extreme market volatility, DJED’s protocol proved its resilience and maintained its peg. While a healthy reserve ratio ranges between 400–800% overcollateralization, upon launch, a robust 600% reserve ratio had already been bootstrapped to the protocol, and within just 3 days, it surpassed the 800% mark. In fact, more than 30M $ADA in liquidity passed through the platform in the first week alone.</p><p style="margin-left:0px;">Today, the reserve ratio sits at a healthy 505%, allowing the mint and burn of both SHEN and DJED. Regardless of the reserve ratio, DJED kept its peg even throughout the turbulent market conditions and <a href="https://medium.com/cotinetwork/djed-shen-weathering-the-storms-of-market-volatility-while-creating-new-opportunities-a5b320241e3b"><u>black swan events</u></a> of 2023. DJED was always redeemable for $1 worth of ADA on the Djed platform (<a href="https://djed.xyz/"><u>djed.xyz</u></a>)</p><p style="margin-left:auto;"><img class="image_resized" style="width:680px;" src="https://miro.medium.com/v2/resize:fit:1400/0*ki_2amiC8e9KAI9V" alt="" loading="lazy"></p><p style="margin-left:0px;">Confidence in the Djed protocol has continued in the year since its launch, with <a href="https://x.com/AdaverseNews/status/1750211758113915121?s=20"><u>a recent daily volume of 725K $ADA</u></a> passing through the platform.</p><h2 style="margin-left:0px;"><strong>Development Progress</strong></h2><p style="margin-left:0px;">During the past year, a few developments and protocol enhancements have been implemented to the Djed protocol. This includes multi wallet support to more than 5 new wallets, UI improvements to include a better view of both DJED and SHEN’s status, chain index optimization that resulted in an improvement in the robustness and scalability of the chain index, pub user upgrade that also helped increase responsiveness, performance and scalability and elliptic integration that was integrated to ensure Djed’s compliance and prevent bad actors from using the Djed protocol.</p><p style="margin-left:0px;">We will continue to grow and improve Djed in 2024, remaining committed to establishing it as a robust stablecoin within the Cardano ecosystem. Stay tuned for further updates.</p><h2 style="margin-left:0px;"><strong>Stay COTI!</strong></h2>

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