SEC Lawsuits Against Binance and Coinbase Cause $5 Billion Loss for Solana, Polygon, Cardano, and Other Tokens
June 27 (Cointime) - According to a Decrypt analysis of CoinGecko data, Solana, Polygon, Cardano, and other tokens involved in the SEC court battles have lost $5 billion, or 15%, of their collective market capitalizations. The SEC filed lawsuits against Binance and Coinbase on June 5 and 6, accusing them of selling unregistered securities. The lawsuits named several cryptocurrencies, including Solana, Cardano, and Polygon, which have suffered losses since the lawsuits were filed. Despite the drops in token prices, the crypto market has been on a bullish rally over the past week, with Bitcoin reaching over $31,000 for the first time in months.
Huobi Removes Cardano Trading Pair Amid SEC Investigation
June 26 (Cointime) - Huobi, a major cryptocurrency exchange, has removed the Cardano (ADA) trading pair from its platform, citing a commitment to enhancing the trading experience for users.
Cardano Founder Denies Working with Ripple as an Intern, Says People Confuse Him with Ethereum's Co-Founder Vitalik Buterin
June 24 (Cointime) - Charles Hoskinson, the founder of Cardano, has denied rumors that he worked as an intern for Ripple. He took to Twitter to clarify that he never worked for Ripple in any capacity and that people are confusing him with Ethereum co-founder Vitalik Buterin, who applied for an internship at Ripple in 2013 but was unable to work there due to visa issues. Hoskinson's tweet sparked reactions from the crypto community, with some making fun of the situation while others urged him to focus on building Cardano. Former Ripple executive Matt Hamilton confirmed that Buterin had applied for an internship at Ripple.
$ADA Price Reverses Downtrend, Surges Above 30 Cents with Bullish Momentum
June 22 (Cointime) - Cardano's ADA saw a reversal of its downtrend, with buyers pushing the price back above 30 cents. Key support levels are at $0.29, while resistance levels are at $0.32 and $0.35. The buying volume has increased, with buyers dominating in the past four days. Short-term predictions for ADA's price are bullish, with key targets at 32 and 35 cents if recent gains can be protected.
Crypto Entrepreneur Charles Hoskinson Defends Himself Against Accusations of Misusing Funds
June 22 (Cointime) - Charles Hoskinson, the founder of Cardano, faced criticism after sharing photos from his search for aliens. One follower sarcastically commented on how Hoskinson was spending their money, to which Hoskinson responded on Twitter, defending himself and clarifying that his own funds were not connected to his followers' wealth.
Cardano( $ADA ) Witnesses Surge in Large Transactions, Potential Price Rally on the Horizon
June 20 (Cointime) - Cardano's (ADA) large transactions have surged, indicating a potential price rally. According to IntoTheBlock, the number of transactions valued at $100,000 or more increased by 990 in 24 hours, reaching a total of 6,460.
Cardano Releases Node 8.1.1 Mainnet and Lace 1.2 Wallet Upgrade, $ADA Price Eyes Recovery
June 20 (Cointime) - Cardano founder Charles Hoskinson announced the release of Cardano Node 8.1.1 mainnet and Lace 1.2 wallet upgrade, which are expected to boost the Cardano ecosystem and potentially increase the price of ADA. Despite the US SEC's crackdown, the Cardano community remains committed to improving the network.
Cardano ( $ADA ) Investors Report Unauthorized Transactions and Losses from Nami Wallets
June 20 (Cointime) - A growing number of Cardano investors are reporting unauthorized transactions and losses from their Nami wallets, with their ADA assets being transferred without their consent. These incidents are likely due to weak passwords and compromised devices rather than a flaw in the Nami wallet itself.
Cardano's Downtrend Could Last Five More Months, Says Analyst Benjamin Cowen - Here's His Outlook
June 20 (Cointime) - Crypto analyst Benjamin Cowen predicts that Cardano's bear market may continue for the rest of 2023 before hitting bottom. Cowen suggests that monitoring the ADA/BTC pair and its ability to hold at around 0.000004 BTC ($0.11) could signal a bottom for the smart contract protocol.
Cardano Urges Stake Pool Operators to Update to Latest Node Version for Improved User Experience
June 20 (Cointime) - Developers of Cardano are requesting stake pool operators to update to the latest Node version, 8.1.1, which was launched today. The update aims to improve the platform's operations by distributing computations throughout the entire epoch, making transitions between epochs smoother for users. The new version also addresses issues related to peer-to-peer connections (P2P) and the domain name system (DNS), adding another layer of efficiency to Cardano's mainnet. The release of Node 8.1.1 highlights the developer team's continuous commitment to improving its blockchain technology, providing an improved and more efficient user experience on the Cardano platform. Stake pool operators are strongly encouraged to update to this latest version for a better user experience.
Cardano ( $ADA ) Price Drops Over 3% on June 19 Amid SEC Crackdown and Fed's Hawkish Guidance
June 19 (Cointime) - Cardano's (ADA) price has dropped by over 3% on June 19, following a 30% decline in the past two weeks. This has led to concerns that ADA may experience its fourth consecutive weekly decline. The recent mention of Cardano on the US Securities and Exchange Commission's list of "unregistered securities" has contributed to the decline, as has the Federal Reserve's hawkish guidance.
Cardano Records 69.1 Million Transactions Despite SEC Lawsuit and Limited DeFi Growth
June 19 (Cointime) - Despite the impact of the SEC lawsuit on the Cardano network, the number of transactions on the network reached 69.1 million, indicating continued usage and adoption.
Solana and Cardano Listed as Tradable Digital Assets in Indonesia Amidst Regulatory Scrutiny
June 19 (Cointime) - Indonesia has listed Solana and Cardano as tradable digital assets, offering hope to their holders despite recent scrutiny from the US Securities and Exchange Commission. This decision provides regulatory clarity that was previously lacking and presents a contrasting perspective to the US regulatory situation. The announcement could potentially impact the market dynamics of these cryptocurrencies and encourage increased trading activities.
Cardano Founder Joins Expedition to Search for Interstellar Meteor and Possible Alien Life
June 19 (Cointime) - Charles Hoskinson, the founder of Cardano, has joined an expedition searching for a meteor of interstellar origin that crashed onto Earth in 2014. The Galileo Project, led by Harvard professor Avi Loeb and his student Amir Siraj, is conducting the search. Hoskinson invested $1.5 million in the project in March 2023 and has been sharing updates on Twitter from the coast of Papua New Guinea, where the expedition is taking place. Meanwhile, Cardano's native cryptocurrency, ADA, has experienced a decline in value over the past few weeks due to ongoing legal challenges faced by Binance and Coinbase from the US Securities and Exchange Commission.
Bakkt Joins Robinhood and eToro in Delisting Major Altcoins
June 17 (Cointime) - Bakkt, a U.S.-based firm, has announced that it will delist ADA, MATIC, and SOL due to regulatory ambiguity surrounding the tokens.
Cardano Founder Charles Hoskinson Funds Expedition to Search for Interstellar Object Crash Site in Pacific Ocean
June 17 (Cointime) - Charles Hoskinson, founder of Cardano, is leading an expedition as part of the Galileo Project to search for a crashed UFO or space object near the coast of Papua New Guinea.
Meme Coin PEPE Plummets as Insider Sells Trillion Tokens; Cardano and Arbitrum Also Struggle
June 16 (Cointime) - The popular meme coin Pepe (PEPE) has suffered a significant decline, losing almost 90% of its gains and facing bearish market sentiment. This drop was triggered by the sudden sale of one trillion PEPE tokens by a potential insider, causing a sharp contraction in its market value.
NOWNodes Supports Cardano Blockchain Infrastructure and Services
June 15 (Cointime) - Cardano has established a strong position in the blockchain market due to its scientific approach, unique proof-of-stake consensus protocol, and emphasis on compliance. Its success can also be attributed to extensive peer-reviewed research, scalability and sustainability features, and growing ecosystem and partnerships.
Cardano ( $ADA ) Price Prediction 2023-24: Bearish Momentum Continues with Resistance at $0.3035
The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. A resistance level of $0.3035 may offer significant resistance upon a retest. Bearish sentiment is revealed through declining OI and a negative funding rate. Cardano [ADA] has suffered a 38% price drop between June 5th and June 10th due to regulatory issues surrounding major crypto tokens. While Bitcoin [BTC] has climbed to $26k, ADA's long-term price movement suggests more bearish activity. The bearish sentiment may drag ADA down to $0.2000 or $0.1750, but a bullish BTC could rally buyers.
Cardano Experiences Significant Decrease in Price, Development Activity, Volume, and Sentiment, With 90% of Holders at a Loss
Cardano (ADA) has seen a significant drop of almost 22% in the past week, with its development activity, volume, and weighted sentiment all indicating a bearish outlook. Currently trading at $0.2738, data from CoinMarketCap shows that 91.52% of ADA holders are out of the money.
