Activity on the Cardano blockchain is starting to heat up, with 400 new projects in the works along with 100,000 new wallets being created over the past month. According to a Tuesday Twitter post from Cardano creators Input Output (IOHK), there are nearly 900 projects in development on the network. The figure has grown by roughly 400 since March 11, after IOHK Vice President Tim Harrison stated that the total stood at around 500 via Linkedin post. As of today, nearly 900 projects are #BuildingOnCardano⚒️ And this number goes up day by day. Keeping track of all the news from …

Cardano’s (ADA) price risks undergoing a severe correction in the next few months despite touting its blockchain network’s bolstering growth and a “major” hard fork event in June. Descending channel hints at ADA sell-off ahead ADA, which makes up about 1.75% of the total crypto market capitalization, has been trending lower since September 2021 inside a “descending channel” pattern that has successfully capped its multiple upside attempts, as illustrated in the chart below. The channel showed further strength as ADA broke above its upper trendline on March 27 only to reverse entirely in later sessions, showing a lack of conviction …

Crypto intelligence firm IntoTheBlock reports that the number of large transactions on the Cardano blockchain has increased by more than 50X this year. Large Transaction Volume (LTV) refers to aggregated volume from transactions denominated in Cardano’s native ADA token valued at more than $100,000. Since Jan. 1, LTV has increased from 1.35 billion ADA per day to 69 billion ADA (worth $81.4 billion) changing hands on Cardano on Mar. 28. That’s a 51-fold increase in about three months and marks one of the highest volume levels since mid-2018, according to IntoTheBlock. In a Mar. 29 tweet, the firm said that …

Cardano founder Charles Hoskinson gave a keynote speech on the first day of this year’s Binance Blockchain Week, held at the Dubai World Trade Centre in the United Arab Emirates. Addressing the audience, Hoskinson used his keynote to discuss topics like Bitcoin (BTC), Web3 and philosophy, bringing up topics like what happens next when the community moves forward from the comfort of Bitcoin and toward centralization. “As blockchains become more advanced and more powerful, we have to start making some difficult and uncomfortable philosophical decisions.” The CEO raised questions about Web3 and what the lines are between decentralization and regulation. …

Co-founder of the Cardano blockchain Charles Hoskinson has cheekily admitted that his July 2020 forecast of the number of DApps coming to the blockchain has not yet come to fruition. Referring to his famed July 2020 tweet, Hoskinson tweeted on Mar. 23, “Remember when I predicted thousands of assets and DApps on Cardano? Well I was wrong, there are now millions of native assets issued and DApps are now in the hundreds. #SlowAndSteady.” Remember when I predicted thousands of assets and DApps on Cardano? Well I was wrong, there are now millions of native assets issued and DApps are now …

A debate has surfaced online following claims that Cardano founder and Ethereum co-founder Charles Hoskinson may have fudged the specifics of his educational background. While the issue is a hardly a major scandal, it concerns conflicting reports around whether Hoskinson dropped out of a Number Theory focused PhD program – as he suggested – or if he embellished the story. Crypto journalist and Unchained Podcast host Laura Shin suggested in her new book and on social media that he never finished an undergraduate degree or enrolled for a PhD. The dispute started on March 6 after a Twitter user stated …

Africa-focused blockchain internet company 3air has officially abandoned the Cardano blockchain in favor of SKALE, a network powered by Ethereum, after reporting a “massive talent shortage” for Haskell developers. The skillset for Haskell, which is Cardano’s primary programming language, appears to be in short supply, according to 3air CEO Sandi Bitenc. After spending months actively recruiting for senior Haskell coders to build on Cardano, 3air was only able to obtain two entry-level part-time developers, said Bitenc. Although the company reached out to development agencies recommended by Cardano, 3air still wasn’t able to find the talent it needed. By migrating to …

According to both Cardano Blockchain Insight and pool.pm, the Cardano (ADA) network has maintained record capacity for nearly two weeks due to the launch of decentralized exchange, or DEX, SundaeSwap; the first of its kind to go live on Cardano. At the same time, the total value locked for the ADA blockchain reached a record of approximately $80 million, despite the recent fall in the token's price from the ongoing down market. The current average blockchain load of the network hovers at 93.19%, which means that 93.19% of its blocks are being filled. In context, the metric amounted to only …

The ongoing drama between two projects built on the Cardano (ADA) blockchain escalated across multiple social media platforms Monday, much to the dismay of the ADA community. The issues began in April when accelerator program CardStarter announced it would launch its own decentralized exchange or DEX. Shortly thereafter, its founders incentivized investors to provide liquidity for the project on Uniswap in exchange for native CSWAP tokens. The platform's developers landed an agreement with a third-party DEX called SundaeSwap sometime later, marketing the deal as a "merger" last June. As per the agreement, CardStarter would no longer develop its promised DEX, …

In a recent YouTube video, Charles Hoskinson highlighted the rapid growth of the Cardano (ADA) ecosystem while clarifying the concerns raised by other members of the crypto community over the past year. “We live in a world where arbitrary groups of people get to be fact-checkers and decide what's legitimate,” said Hoskinson while speaking about the government’s perception of cryptocurrencies. He pointed out that a vast majority of financial crimes are done with the U.S. dollar or other fiat currencies. According to Hoskinson, the growth of the crypto ecosystem this year might be slower than 2022: “It's hard to argue …

Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter. As the calendar year comes to an end, Cardano’s personable leader Charles Hoskinson shares a message of optimism, unity and collaboration for the future of crypto. As a gesture of goodwill for the holiday season, this week our long-form DeFi newsletter will be published in full here as an article alongside the regular email. Subscribe below for full access to next week's edition! Polygon fixes potential billion-dollar protocol vulnerability Layer-two protocol Polygon announced this week the rectification of a potentially multi-billion-dollar vulnerability in its proof-of-stake Genesis contract through implementing an …

The total value locked, or TVL, in decentralized finance (DeFi) has soared to over $250 billion as 2021 closes out, according to DeFi Llama, with most activity on Ethereum. The budding DeFi industry only became mainstream during summer 2021. While TVL valuations underscore the rapid growth of the industry, Cardano (ADA) founder Charles Hoskinson has warned about the challenges facing DeFi. In a YouTube video entitled "DApps and Cardano DeFi Alliance," Hoskinson talked about DeFi's potential as well as Cardano's small role within the industry. According to Hoskinson, who has been on a decade-long quest to transform traditional finance, there …