Uniswap, one of the main decentralized finance exchanges in the cryptocurrency world, is now taking measures to ensure illegal funds cannot be transacted using its platform. The company has already started blocking addresses linked to “blocked activities” and will apply a filter with data provided by TRM Labs, a blockchain analysis firm that focuses on […]
How can I wrap BTC into wBTC? I am not talking about trading BTC to wBTC which is available on coinbase but rather actually wrapping it. I don't want to use coinlist and I want to only wrap a small amount, less than 1 BTC. Is there a way to do this? Thanks. submitted…
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Welcome to the Daily Discussion. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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I want to store my passwords in the most universally accessible place and retrieve them from the command line whenever I create a new server. I don’t know much about blockchain but the idea is the data would be encrypted so nobody could read my passwords but I could decrypt them because I had the…
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The crypto market has not been in the best of places recently and Cardano (ADA) has been feeling the heat especially hot lately. The digital asset which remains one of the popular and largest by market cap has had a hard run of it lately, pushing it further into the bear territory. As ADA continues on this trend of low momentum, hot on the heels of the market decline, indicators have proven to not be in the favor of the token’s value. Market Declines By $80 Billion During the weekend, the market had suffered consistent dips. Following the price of the leading cryptocurrency Bitcoin, most altcoins had taken a nosedive during this time. One of those was Cardano which had already been trading below $1 going into the weekend. The dip had pushed it further into the bear territory alongside others. By the time the weekend had come to an end, the crypto market had lost north of $80 billion from its market cap at the time of this writing. Related Reading | Can Dogecoin Slide Further? Key Technical Levels To Keep An Eye On This decline had been one that has been in the making. With the low momentum that had rocked crypto last week, prospects for the weekend had been increasingly bearish. This had come to a head as bitcoin had declined below $40,000, now trading at the $38,000 territory at the time of this writing. As different altcoins have taken a hit following this decline, ADA’s outlook at this point has turned for the worse. This is evidenced by the indicators given that the digital asset has declined below every important one, causing a bearish short and long term. Cardano (ADA) Not Looking Good Going into the new week, Cardano looks to have it worse than other digital assets in the market. It is currently trading at one-month lows after a decline to the $0.83 level. A strong contender in the DeFi space, this has not seemed to have translated to the price of the digital asset yet. The cryptocurrency is currently trading below the 50-day moving average at the time of this writing. The average which currently sits at $0.966 is a strong one that helps determine the short-term outlook for a digital asset and for ADA, this indicator points to a very bearish short term for it. ADA trading at $0.856 | Source: ADAUSD on TradingView.com This means that the current decline could not be the end for Cardano. If it is unable to recover and climb back above the $0.86 support level, then the digital asset’s price could revisit $0.7 sooner than investors expect. Related Reading | Bitcoin (BTC) Dips Below $40,000 Over Ukraine And Possibility Of Fed Rate Hike It is also a seller’s market meaning that all of the indicators point toward 100% sell pressure for the digital asset, especially for the long term. The next significant resistance point lies at $0.92 but with the price falling below major support levels, this area is out of reach for now. ADA is trading at $0.839 at the time of this writing. Despite the decline, it remains the 9th largest cryptocurrency with a market cap of $28.36 billion. Featured image from Investing.com, chart from TradingView.com
PRESS RELEASE. Zug, Switzerland, April 25, 2022) – UniX Gaming, a leading crypto gaming guild, has partnered with industry giants DAO Maker and SL2 Capital to launch its own launchpad, ‘Final Round’. UniX also announced that Delysium would be one of the first games to debut on ‘Final Round’. Invested in by the likes of […]
Via an official post, Cardano developer Input Output Global (IOG) confirmed the approval and implementation of a proposal to increase the network’s block size. Currently standing at 80 kilobytes (KB), the mainnet will see a 10% increase to 88 KB. Related Reading | Cardano (ADA) Is One Of The Worst Performing Crypto In Terms Of Profit Set to roll out today April 25 at 20:20 UTC, at the boundary of epoch 335, as confirmed by the company. IOG called this proposal a “significant network enhancement” set to increase Cardano’s throughput and the performance of its decentralized applications (dApp). As the company reiterated, Cardano has been experiencing a series of network upgrades that will allow it to improve its scaling capabilities in 2022. As the block size increase, IOG added, they will keep a close eye on it for future changes: Once deployed, we shall monitor network performance and behaviour closely over at least one epoch (5 days) to determine the next increment. Cardano has seen phenomenal growth in recent months, with performance improvements to match. Furthermore, the company claims that Cardano has been experiencing a “huge recent rise in transaction volume”. In that sense, with the addition of more improvements, they expect this trend to continue. IOG is focused on optimizing Cardano as it prepares for its next Hard Fork Combinator (HFC) event set for around June this year. IOG added: Cardano is one of the most decentralized blockchains in the world, built for correctness and security. As the ecosystem grows, we’re focused on delivering the scaling phase of our roadmap; improving speed and network capacity while maintaining security and decentralization. As NewsBTC reported, the network seems to be experiencing an increase in institutional demand, per data from IntoTheBlock. On-chain transaction volume for ADA appears to be in an uptrend since the start of February. This data seems to match with IOG’s statements about Cardano’s growth. @Cardano is experiencing increasing institutional demand The volume of on-chain transactions >$100k has increased by 50x just in 2022 Yesterday, a total of 69.09b $ADA were moved in these large transactions, representing 99% of the total on-chain volumehttps://t.co/8ME8STvRSF pic.twitter.com/aqH7hYIPiV — IntoTheBlock (@intotheblock) March 29, 2022 What’s Wrong With Cardano (ADA)? Data from Token Terminal paints a different picture. As seen below, ADA’s trading volume saw a massive increase in late 2021 as the cryptocurrency began a persistent downside price action. This suggests investors started taking profit on ADA at that time. Since that period, the cryptocurrency saw an uptick in trading volume during January which led to further losses for ADA. Only the increase in trading volume for March and April has led to profits for this cryptocurrency. Remains to be seen if the network improvements, as IOG claims, will be effective at bringing more users into the Cardano ecosystem which could result in sustainable price recovery. Related Reading | New Wallets Surge On Cardano, What’s Behind This? CEO at IOG Charles Hoskinson addressed ADA’s recent price action. In response to a holder’s concerns about the cryptocurrency’s recent downtrend, and what are the possible factor behind it, Hoskinson said: Nothing. Markets move up and down. Cardano is stronger and more useful as an ecosystem than it’s ever been. At the time of writing, ADA’s price trades at $0.8 with a 2% loss on the 4-hour chart.
So from what I'm hearing, hackers got a hold of the official BAYC Instagram and told followers to connect their wallets to a malicious DAPP that ended up stealing millions worth of NFT's from people. This should give ALL of us pause to think the next time we see a tweet, instagram post or Facebook…
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