ADA

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

Atomic Wallet Compromised, $35 Million Worth of Crypto Stolen

June 5, 2023 1 min read

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

Cardano Could Reach $1 as New Protocols, Decentralization Accelerate

June 3, 2023 2 mins read

Cardano, a third-generation cryptocurrency, had an exceptional month in May, cementing its position as a formidable contender in the industry. The network is gaining momentum and poised to challenge its competitors. Cardano’s development team has been tirelessly pushing out new solutions and expanding the network to meet the surging demand and adoption of DeFi protocols. As Cardano continues to gain prominence in the DeFi space, its native token ADA is

Cardano’s DeFi Ecosystem Grows, Fueling Speculation for $1 ADA Price

May 22, 2023 2 mins read

Cardano is set to experience significant growth following notable developments within its network. Several key advancements were highlighted in the latest weekly development report released Friday, May 19. Hydra Upgrade In scaling efforts, the Hydra team achieved significant milestones with the release of the first mainnet-compatible Hydra node version. These advancements address critical issues that need resolution before integrating Hydra Head with real ADA, ensuring users’ smooth and secure experience.

Charles Hoskinson Addresses FUD Over Cardano’s Governance: What You Need to Know

March 17, 2023 1 min read

Charles Hoskinson, the founder of Cardano, recently addressed concerns about the network’s governance structure, reassuring ADA enthusiasts and users that development processes will be robust and transparent. In a March 16 video, Hoskinson responded to FUD (fear, uncertainty, and doubt) about CIP 1694, a new governance proposal set to usher in the age of Voltaire to Cardano. The Voltaire era of Cardano will be the fifth major phase of the