Cardano

Cardano (ADA) trading volume soars by over 30%, gaining over $2 billion in 24 hours

March 5, 2024 1 min read

Cardano’s (ADA) market capitalization increased significantly, gaining over $2 billion in value during a 24-hour trading period. Cardano’s market capitalization has risen to $27.68 billion due to an increase accompanied by a 42% surge in trading volume. The network has reinforced its position as one of the leading cryptocurrencies, second only to Dogecoin (DOGE) in terms of returns. Furthermore, the increase has raised the total turnover for spot and derivatives

Cardano (ADA) introduces Plutus V3 engine, enhancing smart contract functionalities

February 28, 2024 1 min read

Cardano (ADA) Network has unveiled its Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation. The team said that the engine enhances performance and functionality on Cardano’s PoS network. This in fact enhances smart contract capabilities and driving interest among developers seeking advanced blockchain solutions. Furthermore, it is noted that it offers enhanced cryptographic capabilities, including optimal algorithm usage, Ethereum porting ability, and sidechain bridging. Besides,

Cardano (ADA) sees a substantial increase in the creation of new wallet addresses

February 26, 2024 1 min read

Cardano (ADA) has seen a significant increase in new wallets addresses, with the number of new ADA wallets per day rising from 1,700 on February 22 to over 3,210 by February 24. This comes as a result of increasing confidence and interest in Cardano’s potential. However, the daily creation of new wallets still falls short of the peak of around 5,410 on February 2, when the network experienced a record

The Cardano network witnesses over $10 billion in large transactions

January 19, 2024 1 min read

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

The founder of Cardano Remains Firm on XRP Criticism Despite Backlash

December 19, 2023 1 min read

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

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

December 16, 2023 1 min read

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

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

December 7, 2023 1 min read

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

GameStop Memes Surges Past Cardano and Polygon in Crypto Race

November 16, 2023 4 mins read

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

Cardano Unveils Developer-Friendly Tool to Boost Transparency

November 13, 2023 1 min read

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

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

November 8, 2023 1 min read

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

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

October 28, 2023 1 min read

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

Cardano Community Responds to Transactions Per Second (TPS) Critique

October 7, 2023 2 mins read

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