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.
Cryptocurrency prices exhibit a range of changes, with Ethereum (ETH) rising over 7% and NEAR gaining more than 9%. Bitcoin (BTC) increased nearly 2%, while several altcoins like Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) also posted gains. ...
Cardano (ADA) experienced a sharp increase in liquidations, rising 1,085% as its price dropped to around $0.20 due to ongoing selling pressure and bearish market sentiment. Approximately $2.06 million in ADA positions were liquidated in 24 hours, mos...
Zcash (ZEC) dropped more than 10% to below $1,100 following hotter-than-expected US inflation data that sparked a broad crypto market selloff. The altcoin's market cap fell from over $20 billion to $18.5 billion, though it remains the 10th-largest di...
Cardano (ADA) is currently forming a critical 5-wave advance pattern from its August 31 lows, with the next major move potentially pushing the price to $0.28 if it holds support between $0.197 and $0.214. This Elliott Wave analysis suggests the third...
Cardano's ADA has risen over 8% this month, driven by the integration of the x402 codebase, enabling AI-powered payments on its network. This positions Cardano alongside leaders like Solana in blockchain payment innovation. Additionally, Cardano's up...
