TapTools, a leading Cardano analytics platform, announced it will shut down within two weeks following the departure of its fifth senior executive this year, leaving it without critical technical leadership. The closure comes amid financial pressures and ongoing governance disputes within the Cardano ecosystem, including recent project shutdowns like the NFT marketplace JPG.Store. Cardano founder Charles Hoskinson acknowledged the challenges and noted a proposed support plan for struggling projects was never implemented. Despite the shutdown, TapTools remains open to acquisition or funding offers to continue operations.
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...
