Browsing:ADA

Cardano Soars 23.9% Following Positive XRP Verdict
2 months ago 2 mins read

Cardano’s Price Skyrockets 23.9% on Positive XRP Ruling, Investors Bullish on Future Gains

Cardano, a leading cryptocurrency, experienced a remarkable price surge, jumping 23.9% on July 13. The significant rally has piqued investor interest, prompting discussions about Cardano’s potential for further gains and whether it can break the $0.40 mark. This surge closely followed a favorable judicial decision related to XRP, which has positively impacted other cryptocurrencies, including Cardano’s ADA. Cardano’s bullish momentum is supported by three key factors. Firstly, its potential to integrate with other blockchains opens up new possibilities and expands its reach, enhancing its overall appeal in the market. Secondly, increased activity in decentralized applications (DApps) built on the Cardano

Revolut Ends Support for Cardano, Polygon, and Solana in the US Market
3 months ago 1 min read

Revolut Withdraws Support for Cardano, Polygon, and Solana in US Market

In a recent email sent to its U.S.-based users on June 28, the prominent U.K. fintech firm Revolut dropped a bombshell announcement: it is discontinuing support for three major cryptocurrencies. Cardano (ADA), Polygon (MATIC), and Solana (SOL) will no longer be available for purchase through the Revolut app, effective immediately. Furthermore, Revolut plans to take things a step further in the future. At an unspecified date, users will no longer be able to hold or sell these cryptocurrencies within the platform. Instead, Revolut will automatically liquidate the tokens and deposit the equivalent cash into each user’s Revolut account. It is

Charles Hoskinson
3 months ago 1 min read

Charles Hoskinson Defends Cardano Against FUD

Charles Hoskinson, the founder of Cardano, recently took to Twitter to defend the cryptocurrency against claims questioning its institutional interest and the health of its DeFi sector. Hoskinson emphasized the ecosystem’s significant growth and commitment to decentralization, urging people to focus on the signal amidst the noise. Hoskinson’s response was prompted by a tweet from a Cardano proponent, Chris O, who highlighted claims made on a popular YouTube channel regarding Cardano’s lack of Total Value Locked (TVL) and institutional interest. In a powerful rebuttal, Chris pointed out several institutional players already involved in the Cardano ecosystem, including Grayscale, Hong Kong

Cardano's ADA cryptocurrency has experienced remarkable adoption and growth in the United States.
3 months ago 2 mins read

ADA Adoption Skyrockets in the U.S., Driving Cardano’s Ecosystem

Despite recent regulatory obstacles, Cardano’s ADA cryptocurrency has experienced remarkable adoption and growth in the United States. The unique staking capabilities of Cardano, along with its commitment to decentralization, have attracted a rapidly increasing number of users seeking to benefit from their ADA holdings. Additionally, the launch of “Project Catalyst” by Cardano developer Input Output Global (IOG) further strengthens the network’s development and growth prospects. According to data from crypto analytics firm Morning Consult, ADA adoption among Americans has nearly doubled in the past year and a half. Currently, approximately 10 million Americans, or 7% of the population, hold ADA,

Cardano's price trajectory by the end of 2023
3 months ago 1 min read

Cardano Price Projections by Finance Experts for 2023: What to Expect

Following Robinhood’s announcement of delisting Cardano (ADA), the cryptocurrency experienced a significant crash, alongside other major digital assets. The crypto market has been grappling with regulatory actions and increased volatility, leaving investors uncertain about the future. In this article, leading finance experts provide insights into Cardano’s price trajectory by the end of 2023, considering regulatory developments, ongoing legal proceedings, and technological advancements. Sebastian Purcell, CEO of 1.2 Capital Management Sebastian Purcell believes that the worst is over regarding the SEC issue related to Cardano. However, he points out that the outcome of the Ripple v. SEC lawsuit could have implications

Cardano (ADA) Plummets Nearly 25% in 24 Hours with $400 Million in Liquidations
4 months ago 1 min read

Cardano (ADA) Plunges by 25% in 24 Hours as Crypto Market Liquidations Near $450 Million

The cryptocurrency market is in turmoil, with Cardano (ADA) and other altcoins plummeting in value. ADA has lost over 24% of its value in the past 24 hours, and the broader altcoin market is also trading in the red. The recent lawsuit filed by the SEC against Coinbase and Binance US has sent shockwaves through the cryptocurrency market. The agency alleges that numerous altcoins, including Cardano (ADA), meet the criteria for being classified as securities. This development has contributed to the market’s volatility and investor unease. In response, Cardano’s development firm, Input Output Global, has released a blog post refuting

Market Anticipates Major Altcoin Sell-Off as $1.3 Billion Held at Robinhood Looms
4 months ago 1 min read

Robinhood’s Potential $1.3 Billion Altcoin Sell-Off Sparks Market Dumping

The crypto market is currently experiencing heightened uncertainty as approximately $1.3 billion worth of altcoins (excluding BTC, ETH, and DOGE) held at Robinhood could potentially flood the market in the next two weeks. This impending sell-off is causing concerns among traders and investors, leading to a market-wide decline. The majority of the altcoins expected to be sold are SOL, MATIC, and ADA, amplifying the selling pressure and exacerbating the current market downturn. Over the next two weeks, a significant amount of altcoins, valued at approximately $1.3 billion, is set to be sold. This sell-off specifically targets altcoins excluding BTC, ETH,

Robinhood announced its intention to delist three tokens
4 months ago 1 min read

Robinhood Removes Cardano in Response to Mounting Regulatory Pressures

The United States Securities and Exchange Commission (SEC) has been cracking down on unregistered securities, and the crypto market is feeling the effects. In its highly publicized case against Binance, the SEC classified tokens like Cardano as unregistered securities. This has led to mounting pressure on crypto exchanges operating within the United States, and some platforms have already begun to delist these tokens. Robinhood Delists Cardano On June 9, popular investing app Robinhood announced its intention to delist three tokens, namely Solana (SOL), Cardano (ADA), and Polygon (MATIC), effective June 27. Robinhood will allow users to continue buying and selling

The Cardano Foundation has expressed its disagreement with the SEC's classification of Cardano (ADA) as a security.
4 months ago 2 mins read

Cardano Foundation Responds Strongly to SEC’s Classification of ADA as a Security

The Cardano Foundation has expressed its disagreement with the SEC’s classification of Cardano (ADA) as a security. The CEO of the Cardano Foundation, Frederik Gregaard, emphasized the need for regulatory clarity and expressed the organization’s commitment to engaging with regulators and policymakers. The SEC’s stance on classifying cryptocurrencies as securities, excluding Bitcoin, has been a contentious issue, as seen in the ongoing legal battle between the SEC and Ripple. Cardano Foundation Disagrees with ADA Security Classification: The CEO of the Cardano Foundation, Frederik Gregaard, has voiced his disagreement with the SEC’s recent classification of Cardano (ADA) as a security in

Charles Hoskinson of Cardano (ADA) has issued a stark warning about the potential dangers of artificial intelligence (AI) technology
4 months ago 2 mins read

Charles Hoskinson warns of AI-driven crypto scams

Charles Hoskinson, the visionary founder of Cardano (ADA), has issued a stark warning about the potential dangers of artificial intelligence (AI) technology in the realm of cryptocurrency scams. Hoskinson raised concerns about the use of generative AI, which could enable scammers to deceive individuals by impersonating prominent figures and tricking them into parting with their hard-earned cryptocurrencies. Hoskinson’s Warning In a recent tweet, Hoskinson shared a screenshot of an email in which the sender impersonated him, attempting to persuade the recipient to invest in a supposedly life-saving medical project on the Cardano blockchain. Hoskinson highlighted the grammatical and stylistic quality

The Cardano network has seen a surge in large transactions in recent days, with over $2.5 billion worth of ADA moved in just 24 hours.
4 months ago 1 min read

Cardano Hits $2.5 Billion in Large ADA Transactions: Is an ADA Price Rally on the Horizon?

The Cardano network has seen a surge in large transactions in recent days, with over $2.5 billion worth of ADA moved in just 24 hours. This surge, along with a growing TVL in the network’s DeFi sector, suggests that there is growing interest in Cardano’s ecosystem. The surge in large transactions can be attributed to a number of factors, including the launch of the Vasil hard fork, the upcoming Alonzo roadmap, and the growing popularity of Cardano DeFi. The Vasil hard fork is a major upgrade to the Cardano network that is expected to improve scalability, performance, and security. The

Atomic Wallet Loses $35 Million in Cryptocurrency Heist
4 months ago 1 min read

Atomic Wallet Compromised, $35 Million Worth of Crypto Stolen

Atomic Wallet, a popular cryptocurrency wallet, was hacked on Saturday, resulting in the theft of millions of dollars worth of cryptocurrencies. The hack was first reported by users on Twitter, who said that their accounts had been compromised and that their funds had been stolen. Atomic Wallet confirmed the hack in a blog post, saying that “a small number of user accounts” had been compromised. The hackers were able to steal funds from over a hundred addresses, including Bitcoin, Ethereum, Tron, BSC, Cardano, Ripple, Polkadot, Cosmos, Algorand, Avalanche, Litecoin, and Dogecoin. The total amount of funds stolen is estimated to

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