Cardano

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

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 ($ADA) Price Down 80% From ATH, Over 70% of Addresses in Losses

May 31, 2023 1 min read

The price of Cardano (ADA) has been on a downward trend since its all-time high of $3.10 in September 2021. As of May 31, 2023, ADA is trading at around $0.379 per token. This represents a decline of over 70% from its all-time high. Despite the decline in price, the DeFi activity on Cardano’s network has continued to grow. As of May 31, 2023, the total value locked (TVL) in

Cardano DeFi Market Soars, DEX Volume Reaches $66.88 Million

May 29, 2023 1 min read

Cardano’s decentralized exchange (DEX) volume surged by 91% in the past week, reaching $66.88 million, according to data from DeFiLlama. The surge was driven by a significant uptick in activity on Cardano-based DEX platforms, particularly Minswap, which saw a weekly change of 99.72%. Minswap, the leading DEX on Cardano, accounted for the majority of the platform’s volume, with a 24-hour volume of $6.91 million and a seven-day volume of $60.52

Cardano Price Could Soar in the Coming Months, Says Hoskinson

May 29, 2023 2 mins read

In a recent video, Cardano founder Charles Hoskinson shared his vision for the future of the blockchain platform, claiming that it could climb to the top of the cryptocurrencies list soon. Hoskinson attributed his optimism to a number of factors, including the upcoming release of a number of major updates and proposals, as well as the platform’s ongoing efforts to measure and quantify decentralization. One of the most significant updates

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.

Cardano’s Hydra Scaling Solution Goes Live

May 13, 2023 1 min read

On May 11, Cardano’s first Hydra node compatible with the mainnet was launched, ushering in a new era of scalability for the blockchain. According to developer Sebastian Nagel, the launch follows months of rigorous testing to ensure that the layer2 scaling solution is ready for prime time. The Hydra protocol aims to enhance the network’s scalability by increasing transaction speed through low latency and high throughput while minimizing transaction costs.

Cardano sees record transaction volume as BTC and ETH fees reach all-time highs

May 10, 2023 1 min read

Cardano (ADA) is emerging as the top blockchain in terms of daily transaction volume, taking the lead from Bitcoin (BTC) and Ethereum (ETH), which are currently facing skyrocketing network fees. According to data from the cryptocurrency monitoring and analytics platform Messari on May 9, Cardano recorded a massive $13.25 billion in 24-hour transaction volume, while Bitcoin came in second with $0.59 billion, followed by Ethereum with $3.03 billion. The surge

Cardano’s Hydra Scaling Protocol Finally Launched on Mainnet

May 4, 2023 1 min read

Input Output Hong Kong (IOHK), the company behind the Cardano protocol, has recently launched the first Hydra head on the blockchain’s mainnet, setting a new standard for scalability on the proof-of-stake (PoS) network. This development is considered one of the most important in the Cardano ecosystem for this year, as it is expected to support the adoption of the blockchain in areas where cheap and fast transactions are required. Hydra

Cardano ($ADA) Reports Impressive Growth: 1,227 Projects Being Built and 65 Million Transactions Processed

April 22, 2023 1 min read

Input Output Global (IOG) has released the weekly development report for the week ending on Friday, April 21, 2023, showcasing the latest statistics on the Cardano ($ADA) network. The report highlights the progress of various teams working on core technology, wallets and services, smart contracts, scaling, and governance. Among the updates, the Adrestia team released an update for Cardano-wallet with new endpoints for shared wallets and performance improvements. The Marlowe