Despite Cardano's negative price trend in line with other cryptocurrencies, the network's decentralized finance (DeFi) applications have experienced a surge in transactions, reaching 250,000 per epoch, up from 160,000 during the previous epoch. The increase is attributed to the hype around two new meme cryptocurrencies, Snek and Pepeblue, on the Cardano network. The best-performing crypto exchanges and liquidity protocols on the Cardano blockchain, including Sundaeswap, Minswap, MuesliSwap, Wingriders, and Liqwid Finance, have all reported significant increases in activity. However, the surge in network activity has not yet pushed the ADA token price upwards, which is currently trading at $0.37.

Charles Hoskinson, the founder of Cardano (ADA), has warned of the potential for another financial crisis similar to the 2008 crisis as US banks continue to collapse this year. In an interview with Fox Business, Hoskinson explained that the traditional banking model is becoming outdated, while cryptocurrencies have demonstrated resilience in the face of challenging macroeconomic conditions. He highlighted that the combined assets of banks that have failed so far in 2023 amount to $540 billion, compared to $373 billion during the 2008 crisis. Hoskinson argued that the banking business model is crumbling and expressed concerns that the "too big to fail" mentality could lead to even larger financial institutions. He also criticized the US for lagging behind other regions in implementing reasonable cryptocurrency regulations, warning that the US risks losing crypto companies to other countries with more favorable regulatory environments.

The Cardano blockchain is primed for a meteoric surge following the launch of its first Hydra head on the mainnet. The Hydra protocol is a scaling solution for the Cardano network that is designed to enable faster and more efficient transactions, while also reducing network congestion and improving user experience.

The United States White House has released a national standards strategy for key and emerging technologies, which includes distributed ledger technology (DLT) and digital identity infrastructure.

Adaverse seeks to invest in startups between Seed and Series A with an MVP and ideally, revenue, with ticket sizes typically ranging between $100k and $300k.

Cardano's TVL (Total Value Locked) has been consistently increasing over the last six months, with a seven-day moving average of $154 million, a level not seen since May 2022. The cryptocurrency's TVL has been on a consistent upward trajectory, with recent growth of over 9% in just 24 hours, according to DeFiLlama's. The Plutus team has been developing new built-ins to support BLS12-381 curves, and the upcoming Hydra 0.10.0 mainnet release could have a significant impact on the entire ecosystem, suggesting that Cardano's growth on the development front is likely to continue. Despite recent declines in price and the number of token holders, Cardano's growing network usage and popularity among whales are positive indicators for the cryptocurrency's future.

Blockchain technology firm Input Output Global (IOG), one of the builders behind the Cardano (ADA) blockchain, announced that Anthony Day, former blockchain leader at Deloitte, is set to spearhead the go-to-market strategy for their latest initiative, the Midnight project.

Cardano’s transaction volume surges to new highs not recorded in past months as the wider market also witnesses improved activity. ADA’s price plunged further after losing its stance going below the $0.4 mark in May, trading at $0.38.

As per the short clip <a href="https://twitter.com/BezosCrypto/status/1652687154869567496?s=20" target="_blank">shared</a> on April end, DaVinci Jeremie, the early Bitcoin proponent and investor noted that he is willing to dump the native token of the popular smart contract platform Cardano to accumulate more SHIB and DOGE tokens.&nbsp;

Bears often point to Cardano’s still very low trade value locked (TVL) within its Decentralized Finance (DeFi) ecosystem and refer to its as a “ghost chain” given its low daily transaction count.

Coinbase, one of the world’s leading cryptocurrency exchanges, recently mentioned Cardano as a “heterogeneous crypto network” in a job opening that has stirred up speculation among crypto enthusiasts.

Coinbase has listed Cardano (ADA) as one of the "heterogeneous cryptocurrency networks" in a job opening for a Staff Blockchain Engineer, causing excitement among investors. The job listing says that Coinbase Wallet-as-a-Service (WaaS) will enable developers to interact with networks like Bitcoin, Ethereum, and Cardano in a secure way. Cardano's blockchain is known for its scalability, security, and sustainability, and its unique Proof-of-Stake consensus mechanism has made it popular among investors and developers.

As the world becomes increasingly digitised, blockchain technology has emerged as a game-changer, enabling decentralised transactions that are fast, secure, and transparent.

If you’re looking to invest in cryptocurrency this May, you may want to consider reading this blog to the end.

Fabian Vogelsteller, a core Ethereum Foundation member, has taken to Twitter to discredit the role of Cardano Founder, Charles Hoskinson, in building the Ethereum blockchain. Vogelsteller argued that Hoskinson was never really a founder of Ethereum and had built nothing for Ethereum that he was aware of, contrary to claims made by a Twitter user.

The latest update on Cardano’s ($ADA) network statistics is out, highlighting positive progress made by the platform.

Cardano's transaction volume has surged despite a turbulent start to the year for its native cryptocurrency, ADA. The transaction volume has been steadily increasing this year and has remained stable despite price fluctuations.

Cardano was one of Wednesday’s big movers, as bullish sentiment returned to cryptocurrency markets. Spurred by an apparent collapse of First Republic Bank, the global crypto market cap moved 7% higher, as of writing. Solana was also in the green, rising by nearly 9%.

Cardano (ADA) coin has captured the interest of investors and holders with its recent price drop below the $0.40 mark on April 25. This notable price dip left everyone wondering if Cardano (ADA) will break this barrier, which has proven significant in recent trading sessions.

Cardano (ADA) is a blockchain-based platform that allows developers to build decentralized applications (dApps) and smart contracts. Created by Charles Hoskinson, one of the co-founders of Ethereum to address some of the scalability and interoperability issues faced by existing blockchain networks.