On Nov. 24, Ardana, a leading decentralized finance (DeFi) and stablecoin ecosystem building on Cardano (ADA), abruptly <a href="https://twitter.com/ArdanaProject/status/1595594077260709888" target="_blank">halted</a> development, citing "funding and project timeline uncertainty." The project will remain open-source for builders while treasury balances and remaining funds will be held by Ardana Labs "until another competent dev team in the community comes forward to continue our work."

Ardana, a decentralized ecosystem on Cardano, has halted its development, much to the dismay of the crypto community. The project tweeted on Nov. 24 that “recent developments with regards to funding and project timeline uncertainty” were the reasons behind the halt. It did note that the code would remain open source and that others could build upon it if they wished.

After Input Output Global (IOG) announced the launch of the world’s first blockchain decentralization index, the builder of the cryptocurrency Cardano (ADA) has informed the public about the new resource section for Plutus DApp developers.

Hoskinson says VCs prefer to deploy capital into FTX and Terra than Cardano.

The cryptocurrency market continues to wade through the murky red waters of a bearish trend – made worse by the collapse of FTX. Despite the negative market mood, ADA has so far held well against the rest of the market, down only 0.6% in the past 24 hours.

Coinbase Japan adds ADA support.

Proof-of-stake blockchain platform, Cardano, has partnered with COTI, a DAG-based Layer 1 protocol, to launch what it refers to as an over-collateralized algorithmic stablecoin. The project said in an announcement provided to Cointelegraph that the stablecoin will be backed by excess collateral in the form of cryptocurrency stored in a reserve.

Tuition Coin, a novel Crystal Chain product, is the newest Teach to Earn project on the Cardano blockchain. Designed to incentivize further participation in educational technology, Tuition Coin powers a new system that will benefit both teachers and students.&nbsp;

Cardano’s ecosystem is set to take off its first fully fiat-backed, regulatory-compliant stablecoin by the end of the first quarter of 2023. The stablecoin will be called USDA and is set to create the Cardano Decentralized Finance (DeFi) ecosystem healthier and more sustainable.

Monero has slammed Input Output Global’s data protection blockchain, deriding the idea that it has a backdoor for regulators, in a tweet today.