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Cardano’s ADA Roars Back: Predicting the Future of the Cryptocurrency
Hey there! How are you? If you’ve been keeping up with the latest cryptocurrency news, you’ll know that Cardano’s ADA has been making some serious waves. With a 10% increase in the last 24 hours and a market cap of $13.1 billion, it’s no surprise that investors and enthusiasts alike are buzzing about what the future holds for this popular cryptocurrency.
Despite some volatility this month, Cardano’s blockchain network has been achieving some significant milestones. The recent news that it reached 4 million wallets is definitely a big deal, and the upcoming launch of Cardano’s beta altcoin zkEVM is expected to generate even more demand for ADA.
Who’s Responsible for DAO Actions? A Legal Analysis of the Liability Debate
The recent ruling by a US court on bZx protocol’s DAO has sparked a lot of discussion around the liability of governance token-holding members. While the court dismissed personal liability claims against bZx founders Tom Bean and Kyle Kistner, negligence claims against the DAO’s governance token holders were allowed to proceed.
This ruling could potentially have some implications for the decentralized nature of DAOs, as it holds members accountable for negligence. The court found that bZx Protocol meets the definition of a General Partnership, and its token holders have a duty of care to maintain the protocol and ensure it has sufficient security measures.
SafeMoon faces liquidity pool compromise due to public burn bug
In some less-than-great news, SafeMoon’s liquidity pool has been compromised, and the cause of the incident hasn’t been disclosed yet. This comes at a pretty inconvenient time for SafeMoon, as it recently promoted its security product, Orbital Shield.
The project has faced a fair amount of controversy lately, with accusations of fraud and lawsuits accusing it of being a pump-and-dump scheme and violating securities laws. Additionally, there has been a sharp decline in SFM’s value since its all-time high in March 2022.
Don’t Fear Crypto, Fear AI: Galaxy Digital CEO’s Bold Statement to Government
Galaxy Digital CEO Mike Novogratz has made a bold statement to governments, saying that they should fear AI more than they fear cryptocurrency. He is concerned about the potential for an “identity crisis” triggered by deep fake technology, where it may become difficult to prove one’s identity.
Novogratz believes blockchain-based applications will play a significant role in combating issues presented by AI and securing identities. He is also confident that the crypto industry will continue to move upwards throughout the year, thanks to the reopening of China and “seller exhaustion.”
Create Your Own Metaverse Reality: RobotEra’s Early Access Presale is Live
RobotEra is a new metaverse crypto project that aims to become a leader in the space. It offers players the ability to create their own virtual worlds, buy land, own NFTs, and participate in various economic activities within the game.
Players can also craft Robot Companions and enhance their experience by trading or leasing them. The presale for TARO tokens is now open, providing an excellent opportunity for those interested in participating in the metaverse gaming experience.
That’s all for today’s crypto news ! Keep an eye out for more exciting developments in the world of cryptocurrencies.