Despite criticisms for the alleged abandonment, Cardano remains one of the top blockchain protocols in terms of GitHub activity. According to the data compiled by IntoTheBlock, Cardano has once again surpassed Ethereum and other major Layer-1 blockchains such as Avalanche, Litecoin, and Tron in GitHub commits, reflecting its leading position in developer engagement. Between March...Read More
Investments in digital asset products clocked in a massive surge in weekly inflows, reaching a total of $2.9 billion. According to the latest data compiled by CoinShares, the inflows surpassed the previous week’s record of $2.7 billion, propelling year-to-date investments to $13.2 billion, significantly exceeding the total inflows for the entire year of 2021, which...Read More
Cardano’s development and utility have been subject to significant scrutiny within the community, with recent discontent focused on the Hydra project. This layer 2 scalability solution aims to expedite transactions, reduce costs, and optimize Cardano’s functionality. However, Charles Hoskinson has moved to quash rumors of the project’s demise. Charles Hoskinson Sets the Record Straight Cardano...Read More
Cardano (ADA) is a “shitcoin” without purpose that has no distinct advantage over competitors, according to BitMEX co-founder Arthur Hayes. “Who gives a fuck? Zero?” said Hayes when asked “What about Cardano?” in an interview with Coin Bureau published on Sunday. Cardano Is A Shitcoin, Says Hayes Continuing to describe the cryptocurrency – a top...Read More
The digital asset investment products experienced inflows of $2.25 billion throughout the entire 2023. This places it as the third-best year based on data dating back to 2017, with 2020 recording $6.6 billion and 2021 reaching $10.7 billion, according to the latest report by CoinShares. As such, the inflows for 2023 were 2.7 times higher...Read More
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,...Read More
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...Read More
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...Read More
Cardano co-founder Charles Hoskinson blasted U.S. regulators on Monday for labeling ADA and other cryptocurrencies as unregistered securities while giving bitcoin (BTC) a “complete pass” from the same level of scrutiny. According to the developer, Bitcoin could easily meet the legal criteria of an investment contract due to the “overly broad” nature of securities laws....Read More
Cardano has witnessed significant development activity in September, with developers consistently fueling the network’s advancement. According to the latest chart posted by CryptoDep using Santiment’s data, Cardano topped the chart for developer activity over the past 30 days with an impressive score of 572, even during the crypto market slowdown. As such, the network continues...Read More
Minswap – which is the largest decentralized exchange on Cardano – witnessed a spike across various metrics after months of low activity. According to the latest update by DappRadar, Minswap’s unique active wallets (UAWs) and transaction count increased by 89.85% and 63.05%, respectively over the past seven days. The volume was also up by a...Read More
Investor sentiment remained sour as digital asset investment products witnessed yet another week of extensive outflows. However, Bitcoin was still the most loved investment product according to the latest edition of CoinShares’ report. In the past week, digital asset investment products experienced outflows totaling $54 million, marking the fifth consecutive week of such withdrawals. In...Read More
Cardano’s native token has recently undergone a notable decline in its value, with its price dropping by approximately 17% over the last month. During the same period, however, the on-chain activity has defied expectations. According to the latest data by Santiment, Cardano’s surging transaction volume is noteworthy, given the contrast with its subdued market value...Read More
Cardano’s founder, Charles Hoskinson, believes the United States Securities and Exchange Commission (SEC) will not come after the project’s native token, ADA. During a recent YouTube interview on Corey Costa’s Crypto Coins, Hoskinson pointed out that there has been no enforcement action against ADA so far, and that would not change because the asset was...Read More
In recent years, the non-fungible token (NFT) space has expanded into a billion-dollar industry, with Ethereum traditionally leading the way as the dominant ecosystem. Cardano, on the other hand, faced criticism from numerous quarters, being labeled a “ghost chain” due to its absence of a DeFi and NFT economy. However, the NFT landscape is undergoing...Read More
The developers of MuesliSwap, a decentralized exchange built on the Cardano blockchain, have announced plans to provide refunds to users who experienced significant slippage issues throughout the past year. In an announcement on August 8th, the platform admitted falling short in offering adequate clarity on the slippage feature within the MuesliSwap Pool DEX protocol. Slippage refers...Read More
The summer period’s lackluster trading activity is evident as digital asset investment products recorded outflows of $107 million this week. The profit-taking has gathered tremendous pace lately, with weekly trading volumes in investment products 36% below the year-to-date average. The wider on-exchange market has experienced a more significant decline, with volumes down 62% relative to...Read More
The cryptocurrency data aggregator CoinGecko added a new section on its website showing the top 48 crypto assets deemed securities by the US SEC. The combined market capitalization of those digital currencies is currently over $91 billion, representing 7.5% of the whole $1.21 billion cap. CoinGecko introduced a new index that tracks the performance of some...Read More
Amidst heat waves, a multi-year drought, and devastating floods, environmentalists have shifted their focus to celebrities using emissions-spewing private jets. The latest high-profile individual from the crypto industry who has made it to the list is Cardano founder Charles Hoskinson. The exec’s private jet is reportedly among the top 15 biggest polluters in the US,...Read More
The Securities and Exchange Commission alleged that some of the largest altcoins, such as ADA, MATIC, and SOL, are unregistered securities. Most assets slumped in value shortly after the allegations went out. Now, though, the organizations between the blockchains and the tokens have published official statements to refute the SEC’s claims. Polygon Responds MATIC traded...Read More
At the center of the high-stakes case brought by the United States Securities and Exchange Commission is determining which crypto-assets are securities. While the agency has been hinting for some time that it considers most crypto-assets to be unregistered securities, this week’s charges up the ante considerably, much to the industry’s horror. Bitcoin, for one,...Read More
Cardano founder Charles Hoskinson believes the project’s decentralization would act as a “wake-up” call for the industry. In a recent update to the community, Hoskinson said ADA is “substantially more decentralized” than all cryptocurrencies in the market. The exec stressed that the Cardano Improvement Proposal (CIP-1694) – which is a mechanism for on-chain governance that...Read More
Over the years, the Cardano ecosystem has come under significant criticism for continued delays and network updates. But ADA whales remain unfettered. In fact, the top whales have been amassing ADA even as the token struggled to break above the crucial resistance mark of $0.40. More Gains for ADA? According to on-chain data shared by...Read More
On April 6, Charli3 was launched on Cardano as its first oracle integrator. The platform’s oracles have been integrated by Liqwid, a leading DeFi project on Cardano. Charli3 provides a decentralized node network with the framework for projects to supply secure, accurate, and safe data to their platforms and users. It could be viewed as...Read More
With Bitcoin’s astronomical surge, the crypto market has witnessed an overall bullish trend, touching a new mark in the global market cap. However, with each passing day, investors are witnessing several altcoins rise and fall, and one such cryptocurrency that has been caught under intense bearish domination lately is Cardano. Despite bringing many developments to...Read More
Cardano’s Founder – Charles Hoskinskon – believes the cryptocurrency industry should differentiate itself from the “unstable and volatile” banking sector. Three of America’s leading financial institutions – Silvergate Capital, Silicon Valley Bank, and Signature Bank – were shut down by regulators earlier this month, propelling severe losses for numerous crypto-focused firms. In a recent tweet,...Read More
According to Dua Crypto’s research, The Netherlands rank as the most interested European nation in cryptocurrencies. Russia (where the local central bank is predominantly negative on the asset class) is at the bottom of the list. Bitcoin (BTC) is the most popular digital currency in most countries, while Dogecoin (DOGE) is second. The Dutch Reached...Read More
Input Output Global (IOG), the organization behind the Cardano blockchain, has launched a valentine upgrade for its Standards for Efficient Cryptography (SECP) primitives on the network’s mainnet. With the update, developers can now use a broader range of native multi-signature designs to build secure and cost-effective decentralized applications (DApps). Happy St. Valentine’s day. 💙 We...Read More
Input Output Global (IOG), the organization behind the Cardano blockchain, has launched the public testnet of its proof-of-concept Ethereum virtual machine (EVM)-compatible sidechain. The launch follows an announcement last month about the release of a new toolkit for developers to deploy custom sidechains on the Cardano network. A Proof-of-Concept EVM Sidechain According to an official...Read More
Cardano’s native overcollateralized stablecoin – Djed – went live on the mainnet on January 31st, more than a year after preparations, development, and a successful security audit. Djed is developed jointly by the layer 1 blockchain network, COTI, and Input-Output Global (IOG), the blockchain-engineering company behind Cardano. Currently, the stablecoin is also available on Cardano-based...Read More
