Cardano founder Charles Hoskinson has dismissed the “lies and misinformation” surrounding the network’s staking operations. In a Sept. 11 post on X, Hoskinson expressed frustration over the spread of misinformation about ADA, noting that the network does not lock its staked tokens. He stated: “The lies and misinformation about Cardano …
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However, the situation has since shifted, and the token now faces challenges that may prevent it from trading higher in the near term. Cardano Users Are Slow to Embrace Recent Changes Using Santiment’s on-chain data, BeInCrypto reported that Cardano’s active addresses surged to 54,800 on September 6, indicating a delayed positive response …
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Digital asset investment products saw significant outflows totaling $726 million, matching the highest outflow recorded earlier this year in March, according to CoinShares‘ latest report. James Butterfill, head of research at CoinShares, attributed this negative sentiment to stronger-than-expected macroeconomic data from the previous week. This increased the likelihood of a …
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However, on-chain data reveals that market participants are now allocating their capital to buying ADA around its current price. Will this bullish pressure drive a notable upswing? Cardano Investors Get Ready to Splash the Funds Cardano’s price is currently $0.32, reflecting a 7% drop over the past week. However, data …
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Charles Hoskinson, the founder of Cardano, has voiced opposition to burning the blockchain network’s over 1.5 billion ADA treasury tokens, which are worth around $500 million. On Sept. 5, Hoskinson, in a social media post on X, pointed out that the treasury assets weren’t just preprinted tokens but were generated through …
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This Week in Crypto: Polygon’s MATIC Migrates to POL, Cardano’s Chang Fork, and More
by Lynn Wangby Lynn WangThese updates mark major steps toward enhanced decentralization and governance improvements for both blockchain ecosystems. Shiba Inu’s DAO Proposes New Directions for Funds The Shiba Inu community is currently voting on a proposal to allocate 37.5 ETH (approximately $100,000) received from its partnership with Welly’s. Shiba Inu’s lead developer, Shytoshi …
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However, this may be temporary as the altcoin eyes its August 5 low. Upgrade Puts Holders in Profit As reported earlier, Cardano’s Chang hard fork, which occurred on September 1, was a “sell the news” event. Its whale investors reduced their holdings by selling large amounts of ADA after the …
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As ADA’s price inches closer to a potential reversal point, Cardano’s founder, Charles Hoskinson, has released new details about the project’s next steps. Here is an in-depth analysis of what could be next for the blockchain and the cryptocurrency’s price. Cardano Targets New Upgrade in 90 Days The Chang hard …
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The video resurfaced on social media and captured Hoskinson claiming the crypto sector no longer requires Bitcoin to thrive. He hinted that newer technologies could potentially replace it as “digital gold.” Bitcoin Needs Crypto Industry to Survive: Charles Hoskinson The controversy began when Hoskinson, in the circulated footage, expressed skepticism …
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In addition to being overvalued, the altcoin’s key investors, the crypto whales, are showing no bullishness either. Cardano Needs Some Time After Hard Fork Considering the network’s condition, the recovery in Cardano’s price is slightly skeptical at the moment. The Network Value to Transaction (NVT) ratio shows that ADA is …