Tag Archives: Cardano

The SEC-regulated digital asset management company Wave Financial unveiled – the “Wave ADA Yield Fund” with an initial amount of $100 million. The exec said that the new fund will support the new decentralized exchanges, lending protocols, and stablecoin issuers building on top of Cardano. Wave ADA Yield Fund According to the official blog post, the main aim of the ADA Yield Fund is to provide liquidity and other resources to Cardano’s increasingly growing decentralized...

IntoTheBlock – a blockchain intelligence firm – has reported a surge in interest for Cardano among institutional buyers. It cites a parabolic 50x increase in the cryptocurrency’s on-chain transactions worth over $100,000 in 2022 alone. As tweeted by the firm yesterday, over 69 billion ADA were moved as part of such large transactions just yesterday. They represented over 99% of the total on-chain volume for Cardano. That’s compared to just 1.35 billion ADA in trading volume...

It’s been an interesting week in the cryptocurrency space, and finally, we saw some green. The market recovered the coveted $2 trillion total capitalization mark as the majority of the cryptocurrencies charted considerable gains. All in all, the total market cap is up by some $200 billion in the past seven days. Bitcoin surged by 8.4% over the same period and tested the important technical resistance at $45,000. This is the third time the cryptocurrency is coming against this...

ADA price started a strong increase above the $0.90 resistance against the US Dollar. The price is now trading above $1.00 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.9900 on the 4-hours chart (data feed via Bitfinex). The price could correct lower, but dips might be limited below $0.9800. Cardano price is surging above $1.00 against the US Dollar, similar to bitcoin. ADA price could continue to rise if there...

ADA price declined below $0.85 and $0.82 against the US Dollar. The price is now trading below $0.82 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.800 on the 4-hours chart (data feed via Bitfinex). The price could start a recovery wave if there is a move above $0.820 and $0.833. Cardano price is struggling below $0.85 against the US Dollar, similar to bitcoin. ADA price could start a recovery wave if there...

Cardano network has seen notable traction in terms of total locked value (TVL) that has been on a steady rise since the beginning of the year. DeFi TVL on Cardano Skyrockets The latest stats from DeFi TVL aggregator Defi Llama suggests the total value locked (TVL) on Cardano’s decentralized finance (DeFi) protocols has broken a new high of more than $188 million on March 14. The figures cross $270 million when staked governance tokens are added to the valuation of the...

Cardano’s network is reportedly attracting considerable interest, at least according to the Marketing and Communications Director of IOHK: Input Output. Back in September 2021, Cardano went through one of the most important mainnet upgrades called Alonzo. It was part of the development cycle of Cardano known as the Goguen era and the most important part of it was the integration of smart contracts. Since then, the network went through other important upgrades and saw...

The Nordic-based financial technology firm – Lunar – closed a $77 million financing round. The organization reached a valuation of $2 billion and introduced a cryptocurrency trading platform. Lunar Dives Into The Crypto Industry The Danish company Lunar secured a $77 million Series D-2 funding round, bringing the series’ total to $310 million. The investment was led by prominent financial backers such as Heartland, Kinnevik, Tencent, and IDC Ventures. Apart from the...

ADA price declined below $0.90 and $0.85 against the US Dollar. The price is now trading below $0.90 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.820 on the 4-hours chart (data feed via Bitfinex). The price could start a recovery wave if there is a move above $0.820 and $0.832. Cardano price is struggling below $0.90 against the US Dollar, similar to bitcoin. ADA price could start a recovery wave if there...

AdaSwap – one of Cardano’s first decentralized finance (DeFi) protocols – recently raised $2.6M to build a new decentralized exchange (DEX) native to the developing blockchain. Funding was led by iAngels – a female-led Venture Capital firm – and included nine other leading VCs such as Shima Capital, Pluto Digital, and Coti. Even the producer, model, and actress Gal Gadot, alongside producer Jaron Varsano, have taken part in the round. Explaining the AdaSwap DEX The AdaSwap...