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Cardano

After a disagreement with Ethereum co-founder Vitalik Buterin, Hoskinson ventured out on his own to create a blockchain improving on issues including scalability and interoperability. Unlike Bitcoin and Ethereum, Cardano is a proof-of-stake blockchain platform, which many consider to be a more sustainable and energy-friendly alternative to proof-of-work.

Cardano was founded by Charles Hoskinson, the co-founder of Ethereum. Development of the blockchain platform began in 2015 and was launched in 2017. 

After a disagreement with Ethereum co-founder Vitalik Buterin, Hoskinson ventured out on his own to create a blockchain improving on issues including scalability and interoperability. 

Unlike Bitcoin and Ethereum, Cardano is a proof-of-stake blockchain platform, which many consider to be a more sustainable and energy-friendly alternative to proof-of-work.

Cardano has a supply cap of 45 billion ADA. There are currently 32 billion ADA in circulation. ADA is the native token used on the Cardano network. 

Cardano is named after an Italian Renaissance mathematician, Gerolamo Cardano, and its native token ADA is named after Ada Lovelace, a 19th-century English mathematician sometimes credited as the first computer programmer.

Cardano (ADA) co-founder Charles Hoskinson is outlining the timeline for the layer-1 blockchain's Voltaire phase, the fifth stage of the 11th-largest crypto asset's roadmap. Hoskinson says that a new Cardano node which will usher in two Chang upgrades is ready for deployment.

Cardano About To Witness ‘Most Significant Milestone' As It Gears Up for Chang Hard Fork: Charles Hoskinson

The network is ready for its Chang fork and waiting for 70% of operators to install the new node.

Cardano Is on Track for Voltaire Upgrade This Month, Co-Founder Hoskinson Says

Bitcoin

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: Mexican billionaire Ricardo Salinas advises purchasing Bitcoin, Cardano partners with an Argentine province, and Argentina launches a VASP registry.

Latam Insights: Mexican Billionaire Ricardo Salinas Recommends Purchasing Bitcoin, Cardano Partners Argentine Province

The Cardano blockchain co-founder, Charles Hoskinson, has expressed frustration over what he perceives as a disconnect between the public perception of Cardano—shaped by influencers and media—and the project's actual progress and fundamentals. Hoskinson highlighted technological advancements such as Hydra, the development of partner chains, and many community events as some of Cardano's achievements.

Hoskinson Laments the Disconnect Between Public Perception of Cardano and Its Fundamentals

The price of Cardano (ADA) has risen and reached a high of $0.489. Price analysis by Coinidol.com.

Cardano Crashes And Encounters Resistance At $0.489

Shiba Inu

A handful of crypto assets have been witnessing “exploding” whale activity amid an uptick in digital asset prices this week, according to the analytics firm Santiment.

Cardano, Shiba Inu and One Ethereum-Based Altcoin Witness ‘Exploding' Whale Activity, Says Santiment

The Cardano Foundation has announced an interesting new public partnership in Argentina. The collaboration, which follows a public signing between Rogelio Frigerio, the Governor of Entre Ríos, and Rafael Fraga, the LATAM Lead for Business Development at the Cardano Foundation, is with the state of Entre Ríos, a central province of Argentina.

Cardano Foundation Forges Government Partnership in Argentina to Boost Blockchain Adoption

Whale investors, known to move cryptocurrency markets with their moves, are showing significant interest in coins like Shiba Inu, Cardano, and the latest sensation, JasmyCoin. What Happened: Large transactions, worth at least $100,000, for each of these cryptocurrencies have more than doubled this week compared to the 2024 averages, according to on-chain analytics firm Santiment.

Whale Accumulation Drives Shiba Inu, Cardano, JasmyCoin Upwards: Do They Know Something We Don't?

Solana

Ripple CEO Brad Garlinghouse foresees the emergence of exchange-traded funds (ETFs) for cryptocurrencies beyond bitcoin and ether, following the U.S. Securities and Exchange Commission (SEC) approval of spot bitcoin and ethereum ETFs.

Ripple CEO Says XRP, Solana, Cardano ETFs Are ‘Inevitable'

The price of Cardano (ADA) has fallen below the moving average lines after being rejected twice at the $0.51 resistance.

Cardano Price Consolidates And Approaches The Rebound Above $0.42

Ether

Brad Garlinghouse, CEO of Ripple, has forecasted the advent of exchange-traded funds for XRP (CRYPTO: XRP), Solana (CRYPTO: SOL), and Cardano (CRYPTO: ADA), following positive developments around Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) spot ETFs. What Happened: Garlinghouse anticipates that the establishment of these ETFs is imminent and views this as a positive trend at the Consensus 2024 Event, as reported by Coindesk.

Ripple CEO Brad Garlinghouse Foresees XRP, Solana, Cardano ETFs Amid Bitcoin, Ethereum Approvals

It's only a matter of time, the CEO of Ripple said on stage at Consensus 2024 in Austin.

Ripple's Brad Garlinghouse Foresees XRP, Solana, Cardano ETFs: Consensus 2024

Charles Hoskinson's Cardano has fallen out of the top 10 crypto coins by market cap after Toncoin leapfrogs it.

Cardano Drops Out of Top 10 by Market Cap Again as Toncoin Rises

The price of Cardano (ADA) has fallen to its current range following a rejection at a high of $0.51.

Cardano Stabilizes Above The $0.46 Support Level

The price of Cardano (ADA) is rising after breaking above the 21-day SMA or resistance at $0.45.

Cardano's Price Fluctuates Around $0.49

Charles Hoskinson, founder of Cardano, recently sounded off on President Joe Biden regarding his current stance on cryptocurrency, specifically as it pertains to the upcoming presidential election. Hoskinson was a member of the founding team of ethereum before leaving to focus on developing a new blockchain called Cardano.

Cardano Founder Charles Hoskinson Accuses Biden Administration Of Attempting To 'Kill Crypto'

It was an eventful week in the crypto world, with former President Donald Trump expressing his support for the industry, Charles Hoskinson accusing President Joe Biden of stifling the American crypto industry, and Trump's pledge to enable crypto donations for his 2024 campaign. Here's a roundup of the top crypto stories from the weekend.

Trump's Pro-Crypto Stance, Cardano Founder Slamming Biden, Kevin O'Leary On Cathie Wood's Bitcoin Prediction: Top Crypto Stories This Week

The price of Cardano (ADA) is consolidating within a price range above the $0.43 support level.

Cardano Is Trading Above $0.43 And Is Vulnerable To A Breakout

Charles Hoskinson, the founder of Cardano (CRYPTO: ADA), has accused President Joe Biden of actively working to stifle the Bitcoin (CRYPTO: BTC) and cryptocurrency industry in the United States. What Happened: Hoskinson, in a video posted on social media platform X on Thursday, criticized the Biden administration for its alleged efforts to “destroy the American cryptocurrency industry,” reported Cointelegraph.

Cardano Founder Charles Hoskinson Says Voting For Biden Is A 'Vote Against American Crypto Industry'

The creator of smart contract platform Cardano (ADA) is calling out President Joe Biden's stance on a planned resolution that would enfeeble the U.S. Securities and Exchange Commission (SEC). In a new video update, Charles Hoskinson tells his 315,000 YouTube subscribers that Biden saying he would veto H.J.

‘Just a Bunch of Noise and Garbage': Cardano Creator Blasts Biden's Stance on Planned Repeal of SEC Custody Law

Cardano (CRYPTO: ADA), the tenth-largest cryptocurrency by market cap, defied the broader market downturn to post impressive gains in the 24-hour timeframe. What Happened: ADA spiked 4.23% in the last 24 hours to trade at $0.463 at the time of publication, according to data from Benzinga Pro.

This Ethereum Killer Is Defying Gravity Amid Downturn In Major Crypto Prices — Are We Getting Ready For A 'Parabolic Bull Run?'

The price of Cardano (ADA) is in an upward correction and is approaching the 21-day SMA or the $0.48 level.

Cardano Is Under Strong Selling Pressure At Its $0.48 High

A closely followed crypto strategist believes that one Ethereum (ETH) competitor is ripe to witness steep bursts to the upside. Trader Ali Martinez tells his 61,400 followers on the social media platform X that he is bullish on Cardano (ADA).

Crypto Trader Says Top Ethereum Rival Primed for Massive Bull Run Ahead, Updates Outlook on Bitcoin

Technical chart analyst Ali Martinez points out Cardano (CRYPTO: ADA) may be set for an impressive bull run like in 2019. What Happened: In a May 3 thread on X, Martinez drew a parallel to the 2019 cycle when ADA consolidated within a parallel channel, signaling an end to the bear market.

Cardano's Corrective Phase Could End Soon, Potential 'Impressive Bull Run Ahead,' Writes Analyst

A Cardano (ADA) whale metric recently indicated the Ethereum (ETH) competitor could be primed for a price reversal, according to the crypto analytics firm Santiment. On Monday, Cardano whale transactions exceeding $100,000 in value surged to their highest number since November 8th. Explains Santiment, “These spikes in whale activity historically correlate with potential price reversals.

News for Cardano Crypto (ADA)