Cardano's ADA price dropped following EMURGO's announcement to leave the Cardano Pentad, the network's main governance group, after the recent $2.4 million SecondFi hack that affected many users. EMURGO is focusing on helping those impacted by the breach, activating tools to identify affected wallets and planning secure asset transfers. This exit raises concerns about governance redistribution and investor confidence amid broader market uncertainties. The Cardano community is divided on EMURGO's move, highlighting challenges in managing decentralized governance during security crises.
Cardano's ADA token dropped sharply after breaking a key support at $0.24, hitting a low of $0.14 amid declining transaction volumes and user activity. Despite being labeled a "zombie chain" due to low network usage, ADA has recently bounced 10% and ...
Ethereum researcher Toni Wahrstätter proposed a new payment model using native UTXOs to reduce Ethereum's blockchain state size by about 99.8%, inspired by Bitcoin's UTXO system. This approach contrasts with Ethereum's current account-based system an...
Ethereum developers proposed EIP-8141 to integrate Bitcoin-style UTXO mechanics, similar to Cardano's eUTXO model, to reduce database growth by 99.8%. Cardano founder Charles Hoskinson criticized Ethereum for adopting this approach without acknowledg...
Clearstream, a major European post-trade services provider under Deutsche Börse Group, has expanded its cryptocurrency custody services beyond Bitcoin and Ethereum. The new additions include XRP, Stellar (XLM), Cardano (ADA), Solana (SOL), Litecoin (...
Cardano (ADA) fell 4% to around $0.18 on July 6, becoming the weakest among top 10 cryptos due to long liquidations and falling open interest. Founder Charles Hoskinson remains optimistic, highlighting the upcoming Leios upgrade that could increase t...
