IOHK’s proposal for the ETC community could use Cardano or Bitcoin for prevention of 51% attacks

Earlier today, IOHK presented its checkpointing proposal to the Ethereum Classic (ETC) community. This is meant as a short-term solution for preventing future 51% attacks. In the past several weeks, the network has suffered a number of such attacks, which has cast doubt on ETC’s future. One of these attacks cost OKEx $5.6 million. In the wake of these problems, several exchanges increased validation times for ETC transactions.  Checkpointing consensus. Source: IOHK presentation. As its name would imply, the solution proposes the introduction of checkpoints that would validate the network.…

Here’s How Low Cardano (ADA) May Plunge Before Starting Its Next Uptrend

Cardano (ADA) has been struggling to maintain its momentum in recent weeks, with the hype surrounding the launch of the Shelley mainnet upgrade beginning to fade. This has had dire implications for ADA’s price, which has been struggling to maintain the intense uptrend that it has previously been caught within. Analysts are noting, however, that the cryptocurrency is finally nearing what is being described as the “sweet spot” that may ultimately allow it to reverse its multi-week descent and begin forming a new leg higher. One analyst is specifically looking…

Cardano (ADA) Just Formed This Textbook Bullish Reversal Against Bitcoin

Since the highs that were seen in July, Cardano (ADA) has seen a strong retracement against Bitcoin. The altcoin has collapsed by dozens of percent against the leading cryptocurrency, crushed despite a rally in many other crypto assets. Cardano may soon be able to outpace Bitcoin, though, according to a popular technical indicator that predicts reversals in the trend of an asset. Related Reading: Crypto Tidbits: MicroStrategy’s $250m Bitcoin Purchase, Ethereum DeFi Boom, BitMEX KYC Cardano Could Soon Reverse Higher Against Bitcoin Cardano is poised to reverse against Bitcoin to the…

Cardano (ADA) Shows Continued Signs of Weakness Despite Bullish Fractal

Cardano (ADA) has been one of the strongest major cryptocurrencies throughout the past year. The token has been posting consistent gains since the start of the year, which has been driven by massive inflows of new investors as well as some positive fundamental developments. One such development would be the recent Shelley mainnet upgrade, which has long been anticipated by investors. The successful implementation of this upgrade is expected to bring ADA’s usage and utility to the next level. Despite this strength, it has been facing some short-term technical weakness…

Cardano ‘Dwarfs’ Tezos After Shelley Hard Fork, Says Security Auditor

Quantstamp, a company that has been auditing Cardano’s (ADA) code base for the past two months, believes that after the Shelley hard fork, Cardano will trail only Ethereum (ETH) as a smart contract platform, dwarfing its arch-rival Tezos (XTZ). Cardano’s code base “one of the best” Quantstamp CEO Richard Ma told Cointelegraph that in his opinion, Cardano has some of the best code in all of the blockchain space. He believes it is on par with ETH 2.0’s Prysm: “It’s clear they’ve put a lot of internal effort to solidly…

Hoskinson AMA Reveals Details of Cardano Foray into Africa

Charles Hoskinson, CEO of Cardano (ADA) developers IOHK, took to YouTube on July 25 for one of his regular ask-me-anything sessions. Among a wide range of topics covered, Hoskinson gave details about the status of a number of tenders aimed at making inroads into Africa. Can’t win ‘em all Hoskinson admitted that IOHK had been underbid on its primary tender, to facilitate a fertilizer voucher scheme for farmers with Ethiopia’s Agricultural Transformation Agency, or ATA. This was despite putting in what he felt was an incredibly low bid himself. “It…

Cardano Surges 11% as Shelley Launches: What’s Next for ADA?

While all eyes may now be on Bitcoin and Ethereum, Cardano (ADA) has been one of the best performing digital assets over the past day. According to data from Coin Market Cap, the popular altcoin has surged over 11% in the past 24 hours, moving towards $0.14 once again. As of this article’s writing, the altcoin changes hands for $0.137, making it the sixth-largest public cryptocurrency in circulation. This price action comes as Cardano’s developers have confirmed that the Shelley hard fork has started. Shelley is an upgrade to the…

Massive Supply Wall Ahead of Cardano (ADA) Suggests Incoming Retracement

One of the so-called “Ethereum killers,” Cardano has decoupled from Bitcoin throughout the month of July. Since the first day of the month, the smart contracts token has seen its price rise by nearly 70%. It went from a monthly open of $0.083 to hit a new yearly high of $0.14. Cardano Rises Nearly 70% Since the Beginning of the Month. (Source: TradingView) The mounting buying pressure behind it seems to be fueled by the progress the IOHK team has made to finally roll-out the Shelley upgrade by the end…

Cardano (ADA) is “Primed to Explode” Higher Despite Market-Wide Weakness

Cardano’s intense uptrend has started showing signs of faltering as the aggregated cryptocurrency market flashes some warning signals. Although the token is still trading just a hair below its 2020 highs, it has now faced two harsh rejection at $0.135 – elucidating that this is a massive resistance level. Overnight, sellers pushed ADA to lows of $0.119, but the buying pressure it found here proved to be quite significant. Although they have since stabilized the crypto above $0.12, it does appear that Cardano is forming a striking correlation to Bitcoin…

These 4 Factors Suggest Cardano (ADA) Has Room to Rally Higher

Cardano (ADA) has been caught in the throes of an intense uptrend throughout the past several weeks. Its massive climb has primarily been rooted in the excitement surrounding the rollout of the highly anticipated Shelley mainnet upgrade, as well as some other positive news that its community has rallied behind. Although it’s uptrend has stalled as the market flashes some tempered signs of weakness, analysts are still optimistic regarding the cryptocurrency’s mid-term outlook. One respected trader is now pointing to four primary factors that seem to suggest further upside could…