Cardano Foundation, the non-profit organization behind the Cardano ecosystem, has unveiled its financial report for 2023, detailing its expenses across three major areas. Notably, the Financial Insights Report is the foundation’s first and part of its efforts to uphold the principles of transparency and openness. According to the report, the Cardano Foundation primarily spent most...Read More
Crypto may soon witness a significant expansion in exchange-traded fund (ETF) offerings. Industry expert Nate Geraci has forecasted a potential uptick in spot crypto ETF filings this week involving major digital assets such as Ripple (XRP), Solana (SOL), and Cardano (ADA). A Strategic Moment for Issuers In a November 11 post on X, the ETF...Read More
EMURGO – the blockchain project advancing Web3 adoption on the Cardano blockchain – announced a strategic collaboration with BitcoinOS (BOS), a smart contract operating system built for Bitcoin. The latest move aims to provide Cardano DeFi users with access to Bitcoin’s capital, valued at $1.3 trillion, without relying on third-party intermediaries. The first technical collaboration...Read More
As the US presidential race becomes more intense with less than a month away until Election Day, data from last week suggests that digital asset inflows have surged to $2.2 billion. This figure marked the highest level since July, spurred by optimism for a potential Republican success in the election. Inflows Surge Amid US Election...Read More
Digital asset investment products recorded minor outflows of $147 million over the past week, likely driven by stronger-than-anticipated economic data that reduced expectations for substantial rate cuts. ETP investment product trading volumes rose slightly by 15% to $10 billion, while overall crypto market volumes remained lower. Bitcoin saw significant investor focus, according to the latest...Read More
Ethereum’s five-week decline has been reversed as ETH-based product inflows jumped to $87 million during the previous week. According to Coinshares, this was the first measurable inflow since early August, and it comes amidst a significant revival across digital asset investment products. The latest edition of the European asset manager weekly report revealed that digital...Read More
Layer-1 blockchain Cardano, founded by Ethereum co-founder Charles Hoskinson, has completed its much-anticipated Chang hard fork, entering the final stages of the project’s development dubbed Voltaire era (the last era of the blockchain’s roadmap, focusing on decentralized governance). Completed on September 1, at 21:44 UTC at block 10764778, the upgrade will transform Cardano’s governance, where...Read More
One of the biggest upgrades on the Cardano network is set to be deployed in the next three days. It will introduce new features and finalize the blockchain’s transition into a community-run network. The Chang hard fork was initially scheduled to go live on Tuesday, August 27, per an announcement on August 20; however, Cardano...Read More
Digital asset investment products attracted $533 million in inflows last week, the biggest in over a month, following Jerome Powell’s hint at the Jackson Hole Symposium that an interest rate cut might occur in September. While trading volumes were lower than in recent weeks, these products still totaled $9 billion for the past seven days....Read More
Artificial intelligence has been one of the hottest topics in the cryptocurrency industry (and well beyond it) for more than a year now, and many teams are looking for ways to leverage their tech stack and build off of AI. Charles Hoskinson, the founder of Cardano, recently took to X to share his thoughts on...Read More
Artificial Intelligence is undoubtedly one of the hottest topics within the cryptocurrency industry (and well beyond it) throughout the past few years. With the advent of firms dedicating their efforts to further improving and developing various AI-based tools and programs, many crypto projects have also integrated novel technology within their protocols. You can take a...Read More
Charles Hoskinson, the co-founder of Input Output Global (IOG) and the Cardano blockchain platform, believes that re-electing President Joe Biden is a vote for the death of the American crypto industry. While strongly refuting Ethereum co-founder Vitalik Buterin’s stance on political engagement, Hoskinson advocated for a more aggressive approach to safeguarding the industry while simultaneously...Read More
Open-source blockchain platform Cardano is about to reach its most significant milestone since its inception: becoming a fully decentralized network with an advanced governance system. According to an X post by the network’s founder, Charles Hoskinson, Cardano Node will reach version 9.0 this month, and the blockchain will be ushered into its next development era,...Read More
Cardano founder Charles Hoskinson has dismissed claims that the network suffers from weak fundamentals. He criticized media outlets for their continued negative portrayal of the ecosystem, asserting a stark contrast between the reality of Cardano’s progress and the media’s depiction. Cardano Founder Refutes Media’s Gloomy Forecasts In a sharp rebuke this week, Hoskinson accused the...Read More
Markets got a big spike in Ethereum price this week on crypto exchanges. What’s behind it and what factors can investors take into consideration to determine whether Ether or its friend Cardano is the better buy? Ethereum has a birthday coming up on July 30. It was launched in 2015 to create a “world computer”...Read More
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
