The SEC has withdrawn its request to classify certain tokens, including Solana ($SOL) and Cardano ($ADA), as securities This move marks a pivotal shift in the case and could have far-reaching implications for the crypto industry. The SEC initially sought to label a range of digital assets, including $SOL and $ADA, as securities. SEC Revises Stance on $SOL and $ADA This was part of its lawsuit against Binance, one of the world’s largest cryptocurrency exchanges.  Classifying these tokens as securities would have imposed stringent regulatory requirements on their trading and handling. This could have potentially reshaped the landscape for both the exchange and its users. The SEC’s withdrawal of this request is seen as a strategic recalibration in the case. It reflects broader discussions and ongoing legal interpretations surrounding cryptocurrency regulation. By not labeling these tokens as securities, the SEC acknowledges the complexity of digital asset regulation. https://twitter.com/ImZiaulHaque/status/1818175396904603728 $SOL and…

Cardano (ADA) is poised to launch the highly anticipated Chang hard fork as over 70% of nodes have signaled readiness for the new version. This milestone suggests that the fork, which aims to enhance decentralization and coordination among nodes, may be announced soon. The Chang hard fork is a significant update for Cardano, targeting improvements in network decentralization without central oversight. It will rely on nodes running version 9.1.0, and its success hinges on broader node adoption. While several exchanges have updated their nodes, the community is still awaiting upgrades from major services like Coinbase and Binance. In the second phase of the Chang hard fork, Cardano will introduce a new governance model proposed by the Intersect organization, including a seven-member interim constitutional committee with community representatives. This phase will also enable ADA holders to participate in governance more actively, moving beyond simple staking to proposing and voting on future…

Cardano is struggling to grow its user base amidst increasing challenges from new blockchain platforms like Solana and Base. According to IntoTheBlock, the number of addresses holding ADA has remained steady at about 4.45 million for over a year, indicating stagnant growth. https://twitter.com/intotheblock/status/1823272401448095853 Despite significant price fluctuations, Cardano’s user base has shown resilience, with consistent address growth since mid-2021. However, recent trends show a shift of interest towards newer competitors, making it difficult for Cardano to attract new users. The network continues to handle around $7.2 billion in daily transactions, suggesting robust activity despite these challenges.  Cardano’s Network Value to Transactions (NVT) ratio is low at 2.62, which could imply that ADA is undervalued relative to its usage. The percentage of ADA held by long-term investors is also strong, with 40% of the total supply in their hands, signaling ongoing confidence in the platform’s potential.  Currently, ADA is priced at…

Cardano founder Charles Hoskinson has issued a challenge to anyone who could hack the newly launched Lace Paper Wallet Cardano founder Charles Hoskinson made something of a bold move toward beefing up security when he issued a challenge that riled up the crypto community. In his keynote speech at the Rare Evo 2024 event, Hoskinson issued a challenge to anyone who could hack the newly launched Lace Paper Wallet—for a prize money amounting to $1 million. This is not about the money; it is more about ensuring that the Cardano ecosystem is always robust and secure.  The challenge comes in handy as cyber threats continue to rise and further proofs that proactive security measures are a must in this evolving world of cryptocurrency. https://twitter.com/IOHK_Charles/status/1824694973738127541 Ambition For Security The Lace Paper Wallet is designed with user-friendliness and security in mind. It allows users to restore access from only one encrypted QR…

In an unexpected twist of events, Cardano (ADA) has officially been ousted from the top 10 crypto by market cap.  The popular altcoin has also been usurped by Tron (TRX), marking a significant shift in the crypto market.  Cardano’s Fall From Grace  According to reports from CoinMarketCap, Cardano has dropped out of the top 10 largest cryptocurrencies by market capitalization.  The popular altcoin lost its long-standing position following significant price declines over the past week, which reduced its market capitalization to around $12.3 billion. Bill Morgan, a popular crypto enthusiast and analyst has also commented on the cryptocurrency’s recent fall from grace. https://twitter.com/belisarius2020/status/1825494983220265213 Cardano, once ranked top three amongst all cryptocurrencies during the bull run in 2021 has been experiencing drastic price declines due to widespread market correction.  Over the past few months, Cardano’s price has consolidated around the $0.3 mark, witnessing only slight upticks during stable market conditions.  Generally,…

A respected crypto expert recently made a bold claim about an under-the-radar Ethereum (ETH) coin, ETFSwap (ETFS). Currently trading at just $0.03846, ETFSwap (ETFS) is poised to reach $1 before established players like Cardano (ADA) and Tron (TRX). The prediction has got heads turning in the investment community.   Cardano (ADA) and Tron (TRX) Target $1  Cardano (ADA), currently trading at $0.32, has struggled to gain bullish momentum in the last few weeks. The current crypto market decline has Cardano’s (ADA) 50-day Simple Moving Average (SMA) at $0.38, and its 14-day RSI indicates a slightly overbought condition at 46. According to market experts, Cardano (ADA) may struggle to reach the $0.5 price level by the end of 2024 as its gains remain short-lived — dropping after rising. Given this, Cardano (ADA) hitting $1 may require a more extended period, possibly in 2025.    Current crypto market conditions also affect Tron's…

Speculating prices (and returns) is a critical part of the crypto market. While predictions might not be 100% accurate, they help investors know which crypto token to sell, hold, and buy. This article provides insights about analyst predictions on Cardano (ADA), Ripple (XRP), and ETFSwap (ETFS). Follow closely to learn which speculation is accurate or otherwise.  ETFSwap (ETFS): The Only Token That Guarantees 4,000% Gains Although it is still on presale, ETFSwap (ETFS) offers many exciting promises. According to predictions, current holders can enjoy up to 4,000% gains with this high-yielding Ethereum-based token. These predictions are plausible because of the network's integral quality. ETFSwap (ETFS) unifies traditional and digital finance to create an ecosystem that allows traders to invest in tokenized ETFs and trade with decentralized access. Also, traders will enjoy up to 50x marginal capital trading, optimal market liquidity, and 87% APR on all investments.  ETFSwap (ETFS) offers the…

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