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Cardano's ADA token is making waves in the cryptocurrency market as it shows signs of a potential breakout ahead of the highly anticipated Chang Hard Fork. This development comes after a prolonged period of downward trading, where ADA's price managed to bounce back above a critical falling wedge pattern.
Cardano (ADA) has faced a significant blow after losing its top position as the leading network for development activities. Despite the Cardano founder, Charles Hoskinson, lauding major updates and developments within the blockchain network, ADA has been overtaken by other crypto networks, pushing it down to fifth place.
Overnight, ADA and XRP led the CoinDesk 20 with half the assets trading higher.
In a recent video shared on Cardanians.io, Cardano founder Charles Hoskinson called on US voters to prioritize crypto in the upcoming elections. Speaking directly to the American public, Hoskinson stressed the pivotal role blockchain technology could play in the country's economic, political, and social fabric.
The Cardano Foundation released sustainability indicators for the Cardano network that comply with MiCA, despite regulations impacting crypto asset service providers only coming into effect in December.
On July 2, 2024, the Crypto Carbon Ratings Institute (CCRI) released a comprehensive report on Cardano, aligning with the European Union's Markets in Crypto-Assets (MiCA) regulation. This mandate requires crypto asset issuers and service providers to disclose sustainability indicators, as stipulated by MiCA's Article 6 (1) and Article 66 (5).
TL;DR Cardano's Proactive Compliance: The Cardano Foundation, in collaboration with the Crypto Carbon Ratings Institute (CCRI), has updated its compliance indicators to align with the Markets in Crypto-Assets (MiCA) regulation six months ahead of schedule. Energy-Efficient Consensus Protocol: Cardano's energy-efficient consensus protocol sets it apart. Unlike energy-intensive proof-of-work systems, Cardano's approach consumes significantly less electricity.
The landscape of cryptocurrency adoption in Swiss banking is evolving rapidly, with PostFinance, a government-owned financial institution, at the forefront of this transformation. PostFinance is a well-established financial institution in Switzerland, operating as a subsidiary of Swiss Post. It provides a broad spectrum of banking services, including savings accounts, investment products, insurance, and payment solutions.
The Cardano Foundation, in partnership with the Crypto Carbon Ratings Institute (CCRI), has released the blockchain network's sustainability indicators to ensure compliance with Europe's Markets in Crypto-Assets (MiCA) regulation, according to a July 2 statement. This release comes six months before the second phase of MiCA implementation for crypto asset providers.
Charles Hoskinson raised concerns about AI-driven censorship, highlighting the potential risks of restricted access to information determined by a small, unelected group.
The Cardano Foundation, in collaboration with the Crypto Carbon Ratings Institute (CCRI), has released a set of sustainability indicators designed to comply with the Markets in Crypto-Assets (MiCA) regulation in the European Union.
This effort is geared towards enhancing both energy efficiency and transparency throughout the network.
Despite not being placed first, both Chainlink and Cardano show a respectable amount of development activity. Both assets have been traditionally considered among the most actively developed cryptocurrencies in the industry.
Cardano has updated its compliance indicators for the MiCA crypto regulation six months ahead of schedule.
PostFinance, a Swiss government-owned bank, has expanded its cryptocurrency offerings, according to a recent announcement. The bank has launched Ripple (XRP), Solana (SOL), Avalanche (AVAX), Cardano (ADA), and Polkadot (DOT) trading services.
PostFinance, one of the largest financial institutions in Switzerland, has announced that it now offers trading and custody services for several cryptocurrencies, including AVAX, Cardano (ADA), Polkadot, XRP and Solana (SOL).
The crypto world continues to evolve rapidly: here are the latest news and recent performances of Cardano (ADA), Toncoin (TON), and Solana (SOL).
The Cardano Foundation and CCRI release MiCA-compliant sustainability indicators in an effort to position Cardano ahead of the regulatory curve with a focus on energy efficiency and transparency.
The crypto markets are turning hopeful as the prices of the various tokens have been gaining acute strength. Since the Bitcoin price reclaimed the monthly highs above $63,300, the altcoins have become extremely bullish.
ADA price analysis: The price of Cardano (ADA) increased by 2.3% in the last 24 hours to trade around $0.408 during European business hours on Tuesday. The increase comes just a few days before the eagerly anticipated Cardano Chang hard fork.
The censorship of AI models highlights the need for decentralized AI.
Are altcoins genuinely doomed, or will Bitcoin and Ethereum steal the limelight, leaving altcoins underperforming? Bitcoin is sitting between $62,500-$63,000 and according to one analyst, this marked a fight from the Bulls in the last 24 hours and also a formation of a “pin bar candle”. This pattern suggests a possible bullish reversal.
Hoskinson said that the crypto community has a crucial chance to strategically influence policy. The Winklevoss twins and Messari CEO share Hoskinson's dissatisfaction.
A crypto analyst has uncovered a new technical pattern in the Cardano price movements, signaling the potential for a substantial rebound. Echoing this optimism, another analyst has affirmed that Cardano may have hit its bottom and could be on the verge of rebounding to $0.8.
