Cardano (ADA) has seen a surge in large investments despite little price movement, according to data from analytics provider IntoTheBlock. Over $600 million worth of ADA has recently been accumulated in the $0.249 to $0.271 price channel. This indicates major investors are taking positions in anticipation of a breakout. An
Cardano (ADA) has bucked the broader crypto market downturn over the last week, rallying 18%. At press time, ADA was trading at $0.3559, up 2.2% in the last 24 hours. Besides a drop to $0.288 on November 1, the asset has seen a sustained uptrend over the past month, recovering
Cardano blockchain co-founder Charles Hoskinson has unveiled an entirely novel framework called Partner Chains, which he claims will completely alter the way new blockchains are created and run in the future. An IOG blog reports that Hoskinson proposed a new framework for integrating Cardano’s offerings into modular blockchain applications. Some
There is a direct correlation between the ecosystem’s total value locked (TVL) and the current spike in Cardano prices. According to the latest figures from DefiLlama, Cardano’s TVL has risen by 28.14% over the previous two weeks, to $210 million. $97.88 million of this TVL comes from the two major
The trendy new hardware wallet from Tangem, called Tangem Ring, will be unveiled during the Cardano Summit 2023 in Dubai. Fans will get their first glimpse at Tangem’s finest product to date with the global exclusive release of a prototype of the first jewelry crypto wallet. On November 3 in
Accelerating rise of Cardano’s total value locked (TVL) on the DeFi landscape is indicative of the network’s growing popularity and utilization. Cardano’s TVL has reportedly exceeded the $250 million mark, an amazing feat. This solidifies its position as one of the most rapidly expanding DeFi ecosystems. Cardano’s rising TVL is
Cardano’s creator Charles Hoskinson has addressed speculation that the Djed stablecoin may be phased out. In a recent post on twitter, he announced that Djed is not only staying put, but will also be undergoing a major revamp that will give this overcollateralized stablecoin a second chance at success. And
A popular cryptocurrency trader is pointing to the potential for a breakout rally in the battered Cardano token ADA. But he cautions that more downsides could still be ahead. In a recent tweet, trader Gareth Soloway highlighted a bullish chart pattern developing for ADA. The token appears to be forming
The Cardano Summit returns for the 3rd year in a row—and TheNewsCrypto is pleased to announce that it will be in the heart of the action as a Summit 2023 media partner. Taking place at the Grand Hyatt in Dubai from 2 November to 4 November, Cardano Summit 2023 will
Cardano co-founder Charles Hoskinson has dispelled certain myths and clarified some worries about the Hydra project. Hoskinson made a concerted attempt to clarify and transparently dispel claims of dishonesty over the throughput capacity of Hydra in a recording released on Wednesday. In order to improve Cardano’s scalability, the protocol, which
