Cardano

Cardano (ADA) was founded in 2017 by Charles Hoskinson, co-founder of Ethereum, as a third-generation blockchain platform built on peer-reviewed academic research and formal verification methods. Using the energy-efficient Ouroboros proof-of-stake consensus mechanism, Cardano aims to provide a more sustainable and scientifically rigorous approach to blockchain development than its predecessors.

The Cardano ecosystem centers around its native ADA token, which enables staking rewards for network validators, and a growing collection of decentralized applications following the launch of smart contract functionality through the Alonzo upgrade. The platform emphasizes interoperability, sustainability, and scalability while supporting DeFi protocols, NFT projects, and identity solutions across emerging markets, particularly in Africa through partnerships with governments and educational institutions.

At CoinDesk, we provide comprehensive Cardano news coverage tracking the platform's methodical development approach, major protocol upgrades, and real-world adoption initiatives. Our reporting covers everything from staking developments and DeFi growth to Cardano's unique governance model and expanding partnerships in developing nations.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Markets

Bitcoin Holds Above $30K as Investors Await Historically Strong July, Eye Options Expiry

BTC has gained at least 20% in July in each of the past three years. Depending on its price heading into the expiry, bitcoin could rally additionally or retreat.

By James RubinJun 26, 2023

Markets

Crypto Exchange BIT Unveils Options Market for Cardano's ADA Token

BIT's unified margin system allows ADA holders to trade options at a discount.

By Omkar GodboleJun 21, 2023

10x recommends short strangle. (Wance Paleri/Unsplash)

Markets

Cardano's ADA Paints 'Death Cross' Amid Regulatory Uncertainty

Moving average crossovers are lagging Indicators. That said, the latest death cross is consistent with the dour regulatory outlook.

By Omkar GodboleJun 20, 2023

Tech

Latest Cardano Node Upgrade Goes Live on Mainnet

The upgrade 8.1.1 also contains software patches for minor issues from a previous node version.

By Shaurya MalwaJun 20, 2023

Finance

Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff

The blockchain research and engineering company has cut jobs as it pivots to a smaller venture studio business model.

By Elizabeth NapolitanoJun 12, 2023

Videos

ADA Falls After SEC Lists Token as Security in Lawsuits Against Binance and Coinbase

Cardano (ADA) fell 14% this week after it was listed as a security in the U.S. Securities and Exchange Commission's lawsuits against crypto exchanges Binance and Coinbase. This comes as Cardano development company IOG dismissed the SEC's claims in a blog post, saying the allegations have no impact on operations and that the filing quote contains numerous factual inaccuracies. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Jun 9, 2023

Videos

Robinhood Ends Support for Some Tokens Named in SEC Lawsuit as Securities

Robinhood (HOOD), the popular trading platform, will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL), tokens that were named as securities in recent SEC lawsuits against Binance and Coinbase. Separately, Binance.US says it's transitioning to an all-crypto exchange as of June 13, citing pressures from the SEC. The Hash" panel discusses how the crypto industry is impacted by the regulator's recent actions.

Jun 9, 2023