The Cardano Foundation canceled its 2026 flagship summit in Singapore after a revised treasury funding proposal requesting 7.8 million ADA (~$2 million) failed to achieve the required 66.67% approval from the network's decentralized governance voters. Despite endorsements from key leaders, the proposal received only about 65.21% approval, highlighting the strong influence of decentralized token holders over ecosystem initiatives. This decision underscores the challenges decentralized networks face in funding large events compared to traditional corporate entities. The cancellation is seen as a setback for Cardano's institutional presence in Asia but a win for decentralized governance principles.
SecondFi, formerly Yoroi, revealed a security flaw in its web wallet generation software that allowed hackers to steal about 16 million ADA, worth roughly $2.4 million, from 178 users. The company suspended services, froze user balances, and hired a ...
New analysis suggests co-founder Charles Hoskinson may be connected to large ADA transfers around Cardano's 2021 price peak, sparking debate over transparency in early token distribution. The Cardano Foundation denies involvement and stresses indepen...
Cardano's ADA currently trades around $0.15 with a market cap near $5.6–$5.9 billion. Projections for 2031 vary: a baseline scenario expects ADA to reach $0.60–$1.00, reflecting steady growth and improved governance. An optimistic outlook sees prices...
Cardano (ADA) has been trading mostly sideways recently, reflecting broader hesitation in the crypto market and a 6% drop over the past week. Analysts are divided: some see potential for a rally if market sentiment improves, citing historical price s...
Cardano is launching a public testnet called Musashi Dojo to trial its new consensus upgrade, Ouroboros Leios, which aims to increase transaction throughput by 10 to 65 times while maintaining security and decentralization. This upgrade introduces in...
