Cardano News Roundup: CIP-69 Implementation Confirmed, Hoskinson on CBDCs, Gemini Listing Rumors, and Price Analysis

Cardano (ADA) has been in the news lately for a variety of reasons. Here’s a quick rundown of the latest developments:

CIP-69 Included in Chang Hard Fork

Cardano founder Charles Hoskinson confirmed the inclusion of CIP-69 in the upcoming Chang hard fork. This change will improve security and flexibility for developers building decentralized applications (dApps) on Cardano by allowing a single validator script to serve multiple roles.

Hoskinson Criticizes CBDCs

Hoskinson expressed his concerns about Central Bank Digital Currencies (CBDCs) in a social media post. He believes CBDCs could lead to increased financial surveillance and limit user privacy and autonomy.

Cardano Gemini Listing Rumors Swirl

Speculation is rising about a potential listing of ADA on the Gemini cryptocurrency exchange. This follows the publication of a Cardano founder’s article on Gemini’s educational platform, Cryptopedia. While Gemini has been hesitant to list ADA in the past, historical trends suggest exchanges often cave to community pressure eventually.

ADA/USD Technical Analysis: Cardano Price at Critical Support

ADA’s price is currently hovering near a crucial support level. A break below this level could see it fall out of the top 10 cryptocurrencies by market capitalization. Technical indicators and on-chain data suggest a possible price decline, but bullish momentum from the MACD indicator offers a glimmer of hope.

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Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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