Tag Archives: Cardano

Digital assets investment products ended their 11-week streak of positive cash flows with withdrawals amounting to $16 million. However, trading activity remained significantly higher than the yearly average, reaching $3.6 billion for the week, in contrast to the year-to-date average of $1.6 billion. Bitcoin was the worst hit, witnessing outflows of $33 million last week, while short-bitcoin also experienced minor outflows amounting to $0.3 million. Contrary to the overall...

TL;DR Warning About Fraudulent NFT Scheme: The Cardano Community, a Twitter account, warned users about a scam involving Berry Pool delegators receiving a dubious NFT, falsely promising extra ADA rewards through a fraudulent event. Significant Losses Incurred: Victims who connected their wallets and signed transactions following this scam have suffered losses exceeding 200,000 ADA. The associated website has been identified as a scam. Advice for Caution and ADA Price Surge:...

Although the price spikes following the Fed announcement cleared recent bearish drawdowns and provided support levels, uncertainty remains over the sustainability of the increases. The prices of major cryptocurrencies, including Cardano (ADA) and Solana (SOL), have seen fluctuations around the latest Federal Reserve announcement on interest rates. On December 13th, 2023, the Fed decided to keep rates within a target range of 5.25–5.50%, leading to an initial boost in the price of Bitcoin...

Cardano’s DeFi total-value-locked crosses a significant $450 million with its native stablecoin Djed contributing a significant portion. Smaller protocols like LendFi and Spectrum Finance recorded an impressive 90% surge in TVL. Cardano’s native cryptocurrency ADA has registered massive gains shooting over 15% soon after the FOMC meeting concluded on Wednesday. As of press time, the Cardano (ADA) price is trading 13.85% up at $0.6495 with a market cap of $22.9 billion. The recent price...

ADA price started a downside correction from the $0.650 zone against the US Dollar. The price is now trading above $0.50 and the 55 simple moving average (4 hours). There is a connecting bullish trend line forming with support near $0.540 on the 4-hour chart (data feed via Coinbase). The price could start a fresh increase if it clears the $0.584 and $0.600 resistance levels. Cardano’s price is consolidating above $0.500 against the US Dollar, like Bitcoin. ADA...

Cardano’s ADA has seen a remarkable surge in the last few months, more specifically, over 120% in appreciation since October 20. As the coin rises to new all-time highs by what’s left of December, Cardano’s DeFi ecosystem is flourishing as well. Cardano’s total value locked (TVL) surpassed $370 million this Friday, reflecting a 520% growth since the beginning of the year. This growth is mainly driven by a notable increase in decentralized exchange (DEX) activities, more...

Blast has announced that it is hiring for senior DevOps engineer and senior protocol engineer to ensure a timely mainnet launch in February 2024. Amid the heightened demand for liquid staking on the Ethereum (ETH) network from institutional investors, Blast protocol, a layer two (L2) project backed by Paradigm venture capital and Standard Crypto, has set a new record in Total Value Locked (TVL) and community members. According to the latest market data provided through DeBank, Blast...

ADA price is gaining pace above the $0.3880 zone against the US Dollar. The price is now trading above $0.3920 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.3885 on the 4-hour chart (data feed via Coinbase). The price could continue to rise if it clears the $0.4150 and $0.420 resistance levels. Cardano price is rising above $0.380 against the US Dollar, like Bitcoin. ADA price could rally further if...

The latest development report from IOG (Input Output Global) for Cardano reveals a thriving blockchain ecosystem and significant advancements in technology and community engagement. The report outlines key achievements across various facets of Cardano’s development, with the Site Reliability Engineering (SRE) team playing a pivotal role in improving Cardano’s network and keeping up to date with its latest maintenance. These improvements include updating the Cardano node to...

Coinbase CEO Brian Armstrong voiced frustration over the charges. He mentioned how his company has provided a lot of clarity to the SEC but the commission on the other hand is not making matters easier. Despite over 30 meetings with the SEC in the past 18 months aimed at gaining regulatory clarity, cryptocurrency exchange Coinbase was hit with charges in June for operating an unregistered securities exchange. This came after the company received a Wells Notice for potentially breaking...