Cardano (ADA) Announces New CTO To Scale Product Pipeline
Cardano Foundation welcomes Giorgio Zinetti as CTO to expand its product pipeline and strengthen its position in the blockchain sector. Cardano has garnered significant attention in the crypto community with the introduction of its new Chief Technology Officer (CTO) amid the recent volatility in the ADA price. In the interim, the project’s strategic decision to recruit Giorgio […]
Cardano Denies Abandoning Layer-2 Project Hydra
Charles Hoskinson, co-founder of Cardano, has dispelled allegations that it had abandoned the network’s Hydra layer-2 scaling initiative, saying it is just pure FUD. The IOHK CEO confirmed to X on March 18 that the project’s developers had not abandoned it. “I am seeing videos that purport Hydra has been abandoned,” he stated, adding, “That […]
ADA Price Consolidates as Bulls Await Breakout
Cardano (ADA) is trading sideways in a tight range between $0.25 and $0.45, frustrating investors looking for a clear direction. However, this period of low volatility could be the calm before the storm as ADA prepares for a major move in the near future. ADA is down 0.1% to $0.2895, with $112 million in volume […]
Revolut Sets to Delist ADA, MATIC, and SOL
Cryptocurrency-friendly neobank Revolut will delist Cardano (ADA), Polygon (MATIC), and Solana (SOL) from its platform in the United States; however, holding and selling remain available until mid-September. According to a company spokesperson, Revolut plans to entirely delist tokens such as Cardano, Polygon, and Solana from its platform in September. Revolut notified its U.S. customers of […]
IOG Defends ADA Against SEC’s Security Claims
IOG, the development company behind Cardano, has rejected the SEC’s allegations that ADA is a security under U.S. laws. The company has stated that the SEC’s lawsuits against Binance and Coinbase, which listed ADA among other tokens, contained factual inaccuracies and did not affect its operations. IOG also emphasized its commitment to collaborating with regulators […]