ADA

Cardano’s ADA Loses Ground, Drops 6% Despite Attempted Uptick

October 5, 2023 1 min read

Cardano, the blockchain platform known for its ADA cryptocurrency, has been on a rollercoaster ride lately. It started October with a bang, surging 10% from its low point of $0.24, which had acted as a solid support level for a while. This upward move brought a sense of hope and optimism among ADA holders, who were eagerly eyeing the $0.3 mark. However, Cardano’s recent price action tells a different story.

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

July 16, 2023 2 mins read

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

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

June 30, 2023 1 min read

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

Charles Hoskinson Defends Cardano Against FUD

June 29, 2023 1 min read

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

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

June 25, 2023 2 mins read

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

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

June 15, 2023 1 min read

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

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

June 10, 2023 1 min read

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

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

June 10, 2023 1 min read

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

Robinhood Removes Cardano in Response to Mounting Regulatory Pressures

June 10, 2023 1 min read

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

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

June 8, 2023 2 mins read

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

Charles Hoskinson warns of AI-driven crypto scams

June 5, 2023 2 mins read

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

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

June 5, 2023 1 min read

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