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.
Cardano has introduced native support for BLS12-381 elliptic curve cryptography in its Plutus smart contracts, enabling the verification of thousands of signatures on-chain at a low and predictable cost. This technology compresses multiple signatures...
Ethereum has strengthened its position as the top staking network with a 12.13% weekly increase in staked market cap, reaching $78.08 billion. This growth highlights a shift of investor interest back to large-cap, liquid networks despite mixed result...
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 ...
