Browsing:Cardano

This surge in ADA has resulted in an impressive $13 billion in large transactions
1 month ago 1 min read

The Cardano network witnesses over $10 billion in large transactions

The Cardano network is seeing a significant increase in activity as ADA whales, prominent holders of Cardano’s native crypto, conduct large transactions. This surge has resulted in over $10 billion in large transactions, far exceeding Ethereum’s seven-day average of $5 billion for transactions of comparable size. The recent increase in Cardano whale activity is notable, particularly when compared to Ethereum, a major player in the cryptocurrency market. The $13 billion increase in large transactions on the Cardano network suggests a significant shift in behavior among key investors in the ADA ecosystem. Ethereum’s seven-day average for transactions of comparable size is

Charles Hoskinson Stands Ground on XRP Critique Amid Backlash, Questions Bitcoin's Necessity
2 months ago 1 min read

The founder of Cardano Remains Firm on XRP Criticism Despite Backlash

Charles Hoskinson, the founder of Cardano, has upheld his critical stance on XRP, asserting that XRP lacks both partnership and technical value. This reaffirmation comes a year after his initial comments and follows persistent harassment from the XRP community spanning two years. When questioned about his viewpoint on XRP, Hoskinson highlighted the ongoing harassment and underscored the absence of technical parallels between Cardano and XRP as the basis for his assertions. According to Hoskinson, the objectives of the company behind XRP differ significantly and do not align with the technological goals of platforms like Cardano or Ethereum. After receiving a

Cardano's Charles Hoskinson Sounds Alarm on AI Scams Flooding YouTube
2 months ago 1 min read

Cardano’s Charles Hoskinson Sounds Alarm on AI Scams Flooding YouTube

Charles Hoskinson, the founder of Cardano, raised a red flag in a recent X (formerly Twitter) post about the increasing prevalence of AI-driven scams on YouTube. As artificial intelligence technology advances, Hoskinson sees a new frontier for fraudulent activities in the crypto space. He specifically pointed to a deep fake video on YouTube featuring himself promoting a fabricated ADA giveaway. Despite its initially convincing appearance, closer examination revealed the video to be fraudulent. Hoskinson warned that within a year or two, these deep fake videos could reach a level of realism that makes distinguishing them from authentic content difficult. Hoskinson

Cardano's ADA Surges Over $1 Billion in 24-Hour Rally
3 months ago 1 min read

Cardano’s market cap increases by over $1 billion in 24 hours, reaching $15.5 billion

Cardano’s native crypto, ADA, experienced a spectacular surge, with its market cap increasing by more than $1 billion in just 24 hours. The latest buying frenzy has propelled ADA to the eighth-largest cryptocurrency by valuation, cementing its position as a key player in the digital asset space. According to the most recent data, ADA’s overall market cap has risen to an impressive $15.5 billion, indicating a significant influx of capital into the crypto. This increase in market capitalization places ADA among the top cryptocurrencies, demonstrating its resilience and appeal to investors. ADA’s price rose from intraday lows of $0.412 to

GameStop Memes Surges Past Cardano and Polygon in Crypto Race
3 months ago 4 mins read

GameStop Memes Surges Past Cardano and Polygon in Crypto Race

GameStop Memes (GSM) emerges as a sensational disruptor, redefining the essence of digital assets. This intriguing newcomer has taken the market by storm, raising an eye-popping $2 million in a mere 24 hours of its presale, a feat that sets it apart from established giants like Cardano and Polygon. As we delve into this fascinating crypto landscape, GameStop Memes (GSM) stands as a beacon of potential, promising not just gains but a revolution in how we perceive and engage with meme coins. In this article, we’ll explore the unique allure of GSM and how it contrasts with the steady, yet

Cardano Introduces Innovative Tool for Developers with Enhanced Transparency
3 months ago 1 min read

Cardano Unveils Developer-Friendly Tool to Boost Transparency

The Cardano Foundation has made significant strides in improving the developer experience on the Cardano blockchain. They have introduced a new Java-based data provisioning tool designed to simplify data retrieval and indexing for developers working on Cardano applications. This innovative tool, named “Ledger Sync,” is part of the Cardano Foundation’s efforts to create a more developer-friendly ecosystem. The tool will be released as open source, allowing developers and partners to leverage it freely. By enhancing data accessibility and retrieval, Ledger Sync aims to diversify the Cardano developer community. One of the common challenges in blockchain systems is the inefficient retrieval

Cardano has seen over $600 million worth of ADA accumulated within the price range of $0.249 to $0.271
4 months ago 1 min read

Cardano has seen over $600 million worth of ADA accumulated within the price range of $0.249 to $0.271

Cardano (ADA) may not be making big price moves, but it’s certainly making waves in the world of cryptocurrency. Recent data from analytics provider IntoTheBlock reveals that over $600 million worth of ADA has been accumulated in the $0.249 to $0.271 price range. This substantial investment activity suggests that major investors are quietly positioning themselves, expecting a potential breakout. Over the past month, the number of addresses holding between 100,000 and 1 million ADA has grown by 0.87%. More notably, wallets containing over $10 million worth of ADA have surged by an impressive 138.89%. This surge in investment activity from

Cardano Specialist Debunks Fears and Clarifies Midnight Sidechain Concerns
4 months ago 1 min read

Cardano Expert Responds to FUD and Clears Up Misconceptions Regarding Midnight Sidechain

Cardano, the blockchain project led by Charles Hoskinson, has been dealing with persistent concerns and doubts from the crypto community, primarily related to its Midnight project. Midnight is focused on privacy-oriented sidechains, and even though Charles Hoskinson has offered insights into their potential impact, questions and concerns still linger. The key issues revolve around the launch of Midnight’s native coin, DUST, and the identity of the partners working with Input Output Global (IOG) to ensure the sidechain complies with legal regulations. Cardano enthusiast Dan Gambardello has taken it upon himself to address these concerns. In a recent post on the

A recent dispute between a respected crypto researcher and the Cardano community has ignited debates about the network's true capabilities.
5 months ago 2 mins read

Cardano Community Responds to Transactions Per Second (TPS) Critique

In the dynamic world of blockchain technology, Cardano has been actively striving to enhance its network by introducing innovative protocols. Among them, the Input Endorsers protocol has garnered significant attention due to its potential to greatly boost the network’s transaction processing speed. However, a recent dispute between a respected crypto researcher and the Cardano community has ignited debates about the network’s true capabilities. Renowned crypto researcher Justin Bons recently turned his critical eye towards Cardano’s scaling efforts, particularly focusing on the Input Endorsers protocol. Bons suggested that while this mechanism could theoretically enhance Cardano’s speeds to approximately 2000 transactions per

Project Catalyst has taken a step by introducing a solution to reshape its capabilities and performance of Cardano.
7 months ago 2 mins read

Project Catalyst Unveils Innovative Testnet Rollout to Fuel Cardano Ecosystem Evolution

Project Catalyst, renowned globally as a pioneering decentralized grant fund and a driving force behind the Cardano ecosystem’s innovation, has taken a monumental step by introducing a groundbreaking solution to reshape its capabilities and performance. With a focus on bolstering stability and creating an optimal environment for collaboration and exploration, the fund is set to operate multiple testnet instances alongside its mainnet, ushering in a new era of development. As Project Catalyst charts its course towards evolution, it does so in tandem with Cardano’s governance era of Voltaire. This strategic move is designed to ensure the sustained growth of the

Cardano Soars 23.9% Following Positive XRP Verdict
7 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

Is Cardano's Breakout Imminent? Network Activity and ADA's Oversold Price Suggest So
7 months ago 2 mins read

Cardano Network Activity Signals Potential Breakout as ADA Price Remains Oversold

Cardano’s native token, ADA, has faced significant setbacks in recent months due to regulatory scrutiny from the United States Securities and Exchange Commission (SEC). However, the network’s DeFi ecosystem has continued to flourish, providing a glimmer of hope for ADA bulls. Hydra Upgrade Boosts DeFi Activity In May 2023, Cardano launched the Hydra upgrade, a layer-2 scaling solution that has significantly improved the network’s throughput and scalability. This upgrade has led to a surge in DeFi activity on Cardano, with the total amount of ADA deposited in DeFi applications reaching twice its peak value during the 2021 bull market. Decentralization