#cardano crypto

[tokenlauncher]

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[ada-crunch]

Cardano will soon be offered on the world’s first digital asset bank

Read the original article HERE.

On August 2, Team Sygnum announced in a press release that the digital asset bank will integrate Cardano into its “bank-grade staking offering.��� Valued at over $800 million, Sygnum’s integration of Cardano (alongside similar moves made by Ledger Live) foreshadows more adoption in the future for the Crypto world’s eighth largest coin by market cap.

The bank initially only supported staking for Ethereum, Internet Computer, and Tezos. Although earning profits from staking is already possible, Sygnum allows users to earn staking profits through their “institutional-grade” banking platform (customers still have control of their ADA and can withdraw them anytime without charges or penalties). Sygnum empowers clients and large-scale investors (banks and other financial institutions) to delve into the crypto market with the “complete trust” of a regulated banking platform.

This comes as Cardano prepares to implement the VASIL Hard Fork — a change that will significantly improve the scalability and reduce transaction fees on the network.

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ADA Crunch

[luxeweb]

Cryptocurrency forecast

What are the most promising cryptocurrencies in 2023? Many financial analysts call Tezos - XTZ , ALGO , SOL ( Solana ), and Cardano.Classic of the genre - bitcoin is also not going anywhere)

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[harmon4lyf]

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[cryptorecoveryservice]

Liquidity mining (or pig butchering) scams often start with a wrong number text, going on to draw you into a fake investment platform. If this matches what you've experienced so far, you may be in the scam. The scam works by getting you to authorize a smart contract with an infinite allowance (i.e. allowed to take all funds in your account. You can check for such contracts and revoke them by following instructions from the cryptocurrency platform you are using for your wallet. Note: do not ask the scammers for directions on this. My advice is to withdraw your money from the scam site if possible, transfer your money out of the wallet, cut contact, and contact law enforcement. If you confront the scammers about being unable to withdraw the money, they may guilt trip you into paying more fees to do that, for example asking for money to pay "taxes" and offering to cover a part of your expenses.Report the scammer. If you’ve been scammed, you absolutely no need to to blame yourself anyone can get scammed even top traders have gotten their crypto stolen or lost at one point. Send a direct message to our email Cryptorecoveryservice@outlook.com to recover back your funds.

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[leemaakbar]

Who is Satoshi Nakamoto? What is Bitcoin? And why it is so popular?

"What is bitcoin?" Who is Satoshi Nakamoto? What technology drives bitcoin? Get all of your bitcoin-related questions answered here.

What is Bitcoin? A Detail Beginner Guide on Bitcoin | Coinpedia

[alessandrodecrypto]

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[ada-crunch]

The Ridiculousness Continues: Retik Finance Fails CertiK Audit

Read the original article HERE.

As I covered in my last article, Retik Finance is obviously a scam. But that didn’t stop them from rushing to reassure the public that their scammy token isn’t actually a scam by informing us all that their CertiK audit is complete (spoiler: it’s still a scam).

A quick look at the audit report reveals that Retik Finance still did horribly on the audit. Take a look at this detail in the contract code found by CertiK:

The owner of the Retik Finance contract has the ability to take Retik tokens from users (renounceOwnership) and send them to his own account (transferOwnership). This alone should scare away any users. Retik Finance is entirely centralized.

But it doesn’t stop there. CertiK also reports a very low Fundamental Health score for Retik Finance. Largely because Retik Finance hasn’t verified their identity. Probably because scammers don’t want to reveal who they are, making it more difficult to hold them accountable.

To top it all off, CertiK reports that their website has vulnerabilities as well:

So Retik Finance is a centralized mess with dangerous code and unverified owner(s). The only good thing on their audit report is that they have thousands of followers on Twitter/X and a lot of telegram users, which is a sad sight to witness. Hopefully people don’t keep falling for this obvious scam.

This also brings up another point: why is CertiK not immediately warning users that Retik Finance is a scam? Any body with any sense can figure out for themselves that Retik Finance is a malicious project in less than a minute (I highlighted the reasons why in my previous article). CertiK is supposed to be a professional crypto audit company; auditors at CertiK should be more than capable to see behind Retik Finance’s lies and point them out as a scam. CertiK needs to do a better job of exposing scummy projects.

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ADA Crunch

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[bitcoinversus]

'I Told You So': Benjamin Cowen Faces Scrutiny Over Accurate Cardano Prediction

In April 2023, cryptocurrency analyst Benjamin Cowen forecasted that Cardano (ADA) would decline to 400 satoshis (sats) against Bitcoin (BTC). At that time, some Cardano supporters dismissed his analysis, with one individual reportedly taunting Cowen and subsequently blocking him on social media. As of October 2024, Cowen’s prediction has materialized, with ADA/BTC trading near 490…

[cryptoconnect09]

"Cardano Unlocks the Future of Decentralized Governance with Chang 2 Upgrade"

Cardano has released Node 10.1.1, marking a major step in its decentralized governance evolution. This update, supporting the Chang 2 hard fork, allows ADA holders to directly participate in protocol decision-making, transitioning Cardano from its “bootstrap” governance phase to full decentralization as envisioned in CIP-1694.

Key Features of the Chang 2 Upgrade

Direct Participation in Governance ADA holders can now vote directly on protocol decisions, significantly shifting governance power to the community.

Delegated Representatives (DReps) ADA holders can delegate voting power to DReps, trusted intermediaries who represent them in decisions. Alternatively, they can become DRep themselves, increasing engagement.

Plutus and Smart Contract Enhancements The upgrade introduces new Plutus primitives (CIP-0122, CIP-0123, CIP-0127), enhancing Cardano’s smart contract capabilities for more robust and flexible decentralized applications (DApps).

Improved SPO Support Stake Pool Operators (SPOs) gain enhanced tools for delegating voting power and streamlining their governance participation.

Network and API Enhancements Improvements across the ledger, API, and networking layers will optimize performance and scalability.

Full Implementation Steps

For Chang 2 to be fully implemented, 51% approval from SPOs and a vote from the Interim Constitutional Committee (ICC) are required, followed by a one-epoch ratification period.

Preparing for the Upgrade

SPOs, DApps, and exchanges must ensure compatibility with Node 10.1.1. Intersect, the governance overseeing body, provides a readiness page to track progress, and the hard fork working group will host Q&A sessions for guidance.

What’s Next for Cardano Governance?

Once Chang 2 is live, ADA holders will use tools like GovTool to vote on proposals and influence network development. The upgrade brings Cardano closer to its decentralized governance goal, empowering the community to shape its future. Additionally, continued improvements in smart contracts and governance will keep Cardano competitive in the blockchain space.

This upgrade represents a major leap forward in decentralization, with ADA holders now central to Cardano’s evolution.

Cardano (ADA) is currently trading at the price of $0.36 at the time of this writing.

This marks a significant turning point for Cardano, and the coming months are sure to bring even more exciting developments for the platform and its community.

Stay tuned for more updates and opportunities to get involved!