SecondFi, a Cardano ecosystem wallet project, identified a security breach linked to its native Cardano web wallet generation software, causing an estimated loss of around 16 million ADA. Security firm SlowMist suggests the actual losses could exceed $20 million, involving over 129 million ADA and other tokens, due to compromised mnemonic phrases or private keys. SecondFi has paused affected services and is conducting an independent review while working on damage containment. This incident raises concerns about wallet generation security and adds pressure on Cardano as ADA prices near multi-year lows.
XRP commentator Tony Edward criticized extreme price predictions of $10,000, $25,000, and $50,000 per token, arguing they overlook market capitalization and the likelihood that institutions will use multiple blockchain networks, not just XRP. Speakin...
Cardano's network treasury received 115,172 ADA back through two transactions on October 20 and 21, marking the first use of the Treasury Reserve Smart Contract's SweepTreasury function on the mainnet. This function allows administrators to recover u...
Crypto Captain forecasts Cardano (ADA) will reach $4 before the end of 2026, implying a massive 1,833% increase from its price of $0.207 as of October 26. ADA recently dipped below $0.21, and the forecast shows a rise above $1 in January 2025, follow...
Cardano (ADA) has rebounded about 3% from recent lows, trading near $0.205 but struggling to break the key resistance level around $0.22. This recovery follows a sharp decline from early October highs near $0.28. The Federal Reserve's upcoming intere...
Cardano's stablecoin market cap reached $69.23 million as of October 26, showing a 28.57% increase over the past 30 days but a slight 1.41% decrease over the last seven days. Stablecoins on Cardano help facilitate transfers, trading, and decentralize...
