Despite the failure of certain crypto-friendly traditional banks, Cardano’s native cryptocurrency ADA is gaining momentum and defying market-wide turmoil while its decentralized stablecoin DJED sees an increase in trading volume.
Despite recent banking turmoil with US bank stocks battered, crypto prices have been soaring, with Bitcoin bouncing back above $20,000, likely due to reassurance provided by the FDIC’s move to sell SVB assets and a reversal of net inflows onto exchanges suggesting a potential end to the recent sell-off period, while the SHA-256 hash rate is the highest it has ever been, indicating increased network adoption and security.
Mayke and Scarpa are suing WLJC, a company run by Willian Bigode, who allegedly convinced them to invest over $2 million in a fraudulent crypto project. Bigode’s legal team denies acting in bad faith, claiming that he too was a victim of the scheme and had only recommended the project to Mayke and Scarpa after being introduced to it by trustworthy sources.
Cardano’s native cryptocurrency, ADA, is currently going through a rough patch, with the majority of its holders facing losses. The prolonged dip in ADA’s market value has resulted in market sentiment being affected, leading to worry among investors.
Beware! Scammers are on the rise with a new trick up their sleeves. In the world of cryptocurrency, scams have been common on Twitter, especially since Elon Musk’s takeover. If you ever come across an offer that sounds too good to be true, then it probably is. It’s a warning to all traders to be mindful of such scams.
Cardano’s native cryptocurrency, ADA, is currently going through a rough patch, with the majority of its holders facing losses. The prolonged dip in ADA’s market value has resulted in market sentiment being affected, leading to worry among investors.
Traders are saying that Arbitrum will soon give out a new type of digital money called a token by the end of March. Many people think it’s likely to happen. Arbitrum has had a lot of people use its technology to make transactions, even more than Ethereum which is a popular digital money. This is happening because people think they will release their token soon.
The Sandbox is having an exciting festival in March after having lots of fun events in February. They have planned many events for the month, so players can play and earn rewards. There are hundreds of events for players to choose from, so they can have a great time.
President Joe Biden has previously expressed concerns about cryptocurrencies, and he has called on Congress to take action to regulate them. The White House’s attention to Silvergate’s decline suggests that the administration is taking steps to address issues in the crypto industry.
TeraWulf, a company that mines Bitcoin, built a new facility in Pennsylvania that uses nuclear power to operate. This is the first time in the United States that a mining facility will run only on nuclear power.
