Some industry pundits say USDM has superior properties to USDT and USDC in that it can’t be frozen — but problems could arise if regulators demand action.
Cardano News
Cardano is a blockchain-based smart contract platform that aims to compete against similar platforms such as Ethereum, Tezos, and EOS, among others, through a more modular, layered protocol that runs on a proof-of-stake consensus algorithm called Ouroboros.
Identifying itself as a third-generation blockchain and cryptocurrency system following Bitcoin and Ethereum, Cardano’s development is quite different from its competitors in that it is heavily informed by theoretical, peer-reviewed research before implementation in software.
Its native cryptocurrency, ADA, is named after Ada Lovelace, a 19th-century writer and mathematician who has been referred to as the world’s first computer programmer.
Cardano’s development is backed by three companies: IOHK, a blockchain R&D company founded by Charles Hoskinson and Jeremy Wood; the Cardano Foundation, a nonprofit dedicated to Cardano adoption and development; and Emurgo, a venture capital firm based in Japan.
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Crypto traders are struggling to hold Bitcoin price above $68,000, and altcoins are suffering as a result of BTC's weakness.
4290Hydra being abandoned is “just pure FUD,” wrote Cardano co-founder Charles Hoskinson in a post on X.
5656Mehen Finance planned to launch USDM in early 2023 but saw delays after crypto-friendly banks shuttered in 2023 and its banking partner went to work with Circle.
5225Bitcoin is showing the first signs of profit booking, but the bears are struggling to hold the price below $69,000, indicating buying at lower levels.
13871The crypto market rally is starting to show signs of exhaustion, but Bitcoin and altcoin charts highlight traders' desire to continue buying each dip.
8772Bitcoin is showing no signs of slowing down as demand for the spot Bitcoin ETFs remains robust. Can altcoins keep pace?
10528Bitcoin hit a new all-time high, but the failure to sustain the breakout suggests that bears remain active at higher levels.
13522The sharp recovery in Bitcoin and Ether shows that the bulls remain in control, and every dip is being viewed as a buying opportunity.
11290Bitcoin looks ready to blast above its all-time high, but traders should remember that vertical rallies are rarely sustainable.
7427Bitcoin targets new highs above $55,000. Will altcoins follow?
10337Bitcoin is trading sideways with a negative bias, increasing the possibility of a short-term correction that could pull altcoins lower.
7095Bulls failed to hold Bitcoin price above $52,000, possibly marking the start of a short-term trend change in BTC and altcoins.
5214Bitcoin price struggles to find support at the $52,000 level, but the next phase of consolidation could be beneficial to altcoins.
5689Spot Bitcoin ETF demand remains robust, but Bitcoin could face stiff resistance near $52,000. How could altcoins react?
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