Cardano founder Charles Hoskinson addressed criticism from Director of Research of the Digital Asset team at Ark Invest, Lorenzo Valente, in an X post.
Cardano's IOG launches Pogun, a platform using mirroring technology to give Bitcoin holders DeFi access while maintaining self-custody of their Cardano and Pogun enable Bitcoin DeFi access with mirroring technology.
Historical patterns indicate that Cardano (ADA) could still rally by 180% despite its depressed on-chain metrics and the recent hack of the Wanchain bridge.
Cardano saw a significant drop in spot flows in a matter of hours as traders reacted to the ongoing decline in the market.
The Cardano wallet says it will shut down after attackers derived private keys from public transaction data, as affected users still wait on recovery tools promised weeks ago.
Questions about recovery and wallet security remain unanswered.
SecondFi will shut down its services after the theft of 16.1 million ADA, equivalent to approximately $2.6 million, due to a cryptographic flaw in its software. The Groom Lake investigation identified a sophisticated attacker with indicators potentially linked to North Korea's Lazarus Group.
The breach stemmed from a vulnerability in transaction signing software that enabled the derivation of private keys from blockchain transaction data.
A major exploit involving a bridge connected to the Cardano ecosystem sent Midnight's NIGHT token to an all-time low on July 20 after an attacker drained roughly 515 million tokens from infrastructure operated by Wanchain.
SecondFi will wind down after a $2.6 million ADA theft, while users still await recovery tools that were initially expected within weeks of the exploit.
Cardano (ADA) currently exchanges hands around the $0.16 level, registering a decline of approximately 1.88% in the last 24-hour period. The cryptocurrency maintains a market capitalization hovering near $6.07 billion, accompanied by daily transaction volume of roughly $188 million.
Cardano (ADA) is showing encouraging signs of recovery after enduring one of its longest periods of sustained weakness. Trading around $0.175, the cryptocurrency has steadily regained key short-term moving averages while building a stronger technical base above its June lows.