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$ADA Price Reverses Downtrend, Surges Above 30 Cents with Bullish Momentum

June 22 (Cointime) - Cardano's ADA saw a reversal of its downtrend, with buyers pushing the price back above 30 cents. Key support levels are at $0.29, while resistance levels are at $0.32 and $0.35. The buying volume has increased, with buyers dominating in the past four days. Short-term predictions for ADA's price are bullish, with key targets at 32 and 35 cents if recent gains can be protected.

Crypto Entrepreneur Charles Hoskinson Defends Himself Against Accusations of Misusing Funds

June 22 (Cointime) - Charles Hoskinson, the founder of Cardano, faced criticism after sharing photos from his search for aliens. One follower sarcastically commented on how Hoskinson was spending their money, to which Hoskinson responded on Twitter, defending himself and clarifying that his own funds were not connected to his followers' wealth.

Cardano( $ADA ) Witnesses Surge in Large Transactions, Potential Price Rally on the Horizon

June 20 (Cointime) - Cardano's (ADA) large transactions have surged, indicating a potential price rally. According to IntoTheBlock, the number of transactions valued at $100,000 or more increased by 990 in 24 hours, reaching a total of 6,460.

Cardano Releases Node 8.1.1 Mainnet and Lace 1.2 Wallet Upgrade, $ADA Price Eyes Recovery

June 20 (Cointime) - Cardano founder Charles Hoskinson announced the release of Cardano Node 8.1.1 mainnet and Lace 1.2 wallet upgrade, which are expected to boost the Cardano ecosystem and potentially increase the price of ADA. Despite the US SEC's crackdown, the Cardano community remains committed to improving the network.

Cardano ( $ADA ) Investors Report Unauthorized Transactions and Losses from Nami Wallets

June 20 (Cointime) - A growing number of Cardano investors are reporting unauthorized transactions and losses from their Nami wallets, with their ADA assets being transferred without their consent. These incidents are likely due to weak passwords and compromised devices rather than a flaw in the Nami wallet itself.

Cardano's Downtrend Could Last Five More Months, Says Analyst Benjamin Cowen - Here's His Outlook

June 20 (Cointime) - Crypto analyst Benjamin Cowen predicts that Cardano's bear market may continue for the rest of 2023 before hitting bottom. Cowen suggests that monitoring the ADA/BTC pair and its ability to hold at around 0.000004 BTC ($0.11) could signal a bottom for the smart contract protocol.

Cardano Urges Stake Pool Operators to Update to Latest Node Version for Improved User Experience

June 20 (Cointime) - Developers of Cardano are requesting stake pool operators to update to the latest Node version, 8.1.1, which was launched today. The update aims to improve the platform's operations by distributing computations throughout the entire epoch, making transitions between epochs smoother for users. The new version also addresses issues related to peer-to-peer connections (P2P) and the domain name system (DNS), adding another layer of efficiency to Cardano's mainnet. The release of Node 8.1.1 highlights the developer team's continuous commitment to improving its blockchain technology, providing an improved and more efficient user experience on the Cardano platform. Stake pool operators are strongly encouraged to update to this latest version for a better user experience.

Cardano ( $ADA ) Price Drops Over 3% on June 19 Amid SEC Crackdown and Fed's Hawkish Guidance

June 19 (Cointime) - Cardano's (ADA) price has dropped by over 3% on June 19, following a 30% decline in the past two weeks. This has led to concerns that ADA may experience its fourth consecutive weekly decline. The recent mention of Cardano on the US Securities and Exchange Commission's list of "unregistered securities" has contributed to the decline, as has the Federal Reserve's hawkish guidance.

Solana and Cardano Listed as Tradable Digital Assets in Indonesia Amidst Regulatory Scrutiny

June 19 (Cointime) - Indonesia has listed Solana and Cardano as tradable digital assets, offering hope to their holders despite recent scrutiny from the US Securities and Exchange Commission. This decision provides regulatory clarity that was previously lacking and presents a contrasting perspective to the US regulatory situation. The announcement could potentially impact the market dynamics of these cryptocurrencies and encourage increased trading activities.  

Cardano Founder Joins Expedition to Search for Interstellar Meteor and Possible Alien Life

June 19 (Cointime) - Charles Hoskinson, the founder of Cardano, has joined an expedition searching for a meteor of interstellar origin that crashed onto Earth in 2014. The Galileo Project, led by Harvard professor Avi Loeb and his student Amir Siraj, is conducting the search. Hoskinson invested $1.5 million in the project in March 2023 and has been sharing updates on Twitter from the coast of Papua New Guinea, where the expedition is taking place. Meanwhile, Cardano's native cryptocurrency, ADA, has experienced a decline in value over the past few weeks due to ongoing legal challenges faced by Binance and Coinbase from the US Securities and Exchange Commission.