Investor Thomas Braziel has hired a crypto forensics firm to investigate Cardano's early finances, including its ICO that raised about 108,000 BTC (over $6 billion at current value). The probe targets the original ICO Bitcoin addresses, fund movements, and the financial history of founding entities like Input Output Global, Emurgo, and the Cardano Foundation. This comes amid warnings from analyst Dan Gambardello about insufficient support for Cardano's community and ecosystem projects, alongside recent infrastructure challenges and price declines. The investigation seeks transparency on how funds were managed and distributed, potentially influencing governance and trust in the Cardano ecosystem going forward.
With Bitcoin down over 50% from its peak and market sentiment in extreme fear, an analyst highlights Cardano as a safer crypto option due to its balanced mix of security, decentralization, and steady development. Unlike other chains chasing trends, C...
Cardano wallets holding between 100,000 and 100 million ADA have increased their holdings to over 25.6 billion coins, the highest since early 2023. This accumulation happened over four months while ADA traded near multi-year lows, indicating large in...
Cardano has ratified the van Rossem hard fork, scheduled for July 18, marking the first upgrade fully driven by its decentralized on-chain governance. This upgrade advances Cardano to Protocol Version 11, introducing cheaper smart contract execution ...
Large Cardano wallets holding between 100,000 and 100 million ADA have accumulated 320 million tokens since early July, reaching their highest holdings since February 2023. Meanwhile, retail investors have reduced their ADA exposure amid the token's ...
Large Cardano holders, or whales, have increased their ADA holdings to a 3.5-year peak by absorbing over 25.6 billion tokens amid retail investors selling at multi-year lows. This shift reflects strong hands capitalizing on market pessimism, as small...
