Cardano (ADA)

A fraudulent NFT scheme promising extra ADA rewards has scammed victims out of over 200,000 ADA, worth almost $130K, prompting warnings for Cardano users to avoid the scam website and transactions.

A $1.5 billion spike in Cardano whale transactions coincided with ADA’s 63% price increase in December 2023.

Cardano’s native ADA token added $1 billion in market capitalization in 24 hours, fueled by a 100% increase in trading volume to $750 million.

Cardano sees an increase in large transactions, indicating growing whale interest that lifts ADA prices across timeframes.

Though Cardano’s ADA has struggled to break key resistance levels in recent months, analysts remain bullish on major price gains in the coming weeks and months.

KPMG Canada partners with blockchain analytics firm Chainalysis to enhance capabilities in detecting and preventing fraud in the cryptocurrency sector.

Cardano’s Charles Hoskinson reached out to ousted OpenAI CEO Sam Altman on Twitter about collaborating to create a decentralized LLM on the Cardano blockchain.

Cardano founder Charles Hoskinson has offered to partner with crypto exchange Kraken on developing a Layer 2 blockchain after Kraken said it was looking for a partner.

AI firm SingularityNET has enabled staking rewards for its AGIX token on the Cardano blockchain. The move expands staking to a second major platform after Ethereum.

Cardano founder Charles Hoskinson expressed excitement over a new paper detailing improvements to Mithril, a protocol aiming to enhance node efficiency.