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With Cardano (ADA) rising approximately 40% in a year and more than 30% in October alone, investors are again wondering if the cryptocurrency might reach $1 before the year is out.  Additionally, a significant surge in trading volume and the increase of Cardano staking to a value of about $8 billion that was reported on November 7 only added to the overall interest. In its search for answers for whether the current bullish sentiment is justified, Finbold decided to consult the artificial intelligence (AI) of ChatGPT on where ADA might stand on January 1, 2024.  ChatGPT weights Cardano’s merits OpenAI’s ChatGPT assessed that there are six key factors that will determine ADA’s price over the coming two months. As per the AI, these include various development milestones and upgrades of the ecosystem, staking and other on-chain metrics, and regulatory and market attitudes toward Cardano. Key factors influencing the price of Cardano (ADA). Source: ChatGPT and Finbold ...

Solana co-founder Anatoly Yakovenko reflects on the fallout of FTX's failure and its initial impact on Solana ecosystem builders. The now-infamous collapse of FTX sent shockwaves through the broader cryptocurrency space in 2022, but the Solana ecosystem was particularly hard hit in the fallout.  Speaking exclusively to Cointelegraph at the latest edition of the Solana Breakpoint conference hosted in Amsterdam, Solana co-founder and CEO Anatoly Yakovenko recalls his concern for several projects that were building on the layer 1 smart contract blockchain protocol. “I was more worried about the ecosystem of start ups; we didn’t know how exposed teams were,” Yakovenko explains. Solana’s native token SOL saw a significant drop in value in the immediate wake of FTX’s bankruptcy, with its token trading at $36 in early Nov. 2022 before dropping as low as $12 in the days after the exchange’s collapse . Related: Sam Bankman-Fried found guilty on all 7 charges in FTX fraud trial Solana’s ...

Join Our Telegram channel to stay up to date on breaking news coverage Since the advent of cryptocurrencies and blockchain technology, there has been a paradigm shift in the world’s financial ecosystem. Without much ado, let me quickly share a little backstory about my sojourn into the crypto space so that you know where my advice is coming from. I have always had it in mind to invest, starting from the traditional markets, but my investment attempts fell short. While the crypto ecosystem is vast, I have learned to navigate and survive there since I started a crypto business. The moment Bitcoin hit the market, I started researching to gain more knowledge about the asset. I love game theory and statistics, which informed my decision to invest in Bitcoin. Through small plays and craftiness, I was able to increase my portfolio. However, I didn’t know some issues back then and couldn’t foresee the possible consequences, hurting my crypto business down the line. T...

MiCA, which comes into effect by the end of 2024, aims to create a consistent regulatory framework for crypto assets among European Union member states. Publication of the European Union’s crypto law MiCA in its official journal signals the start of the official process of bringing licencing, stablecoin and anti-money laundering regulations into effect by the end of 2024. The European Union’s Markets in Crypto Assets (MiCA) legislation was published June 9 in the Official Journal of the European Union (OJEU). This move triggers the countdown for the law to come into effect from December 30, 2024. The Bill was signed into law on May 31, after having first been introduced in 2020, with the aim of creating a consistent regulatory framework for crypto assets among European Union member states. While the rules officially come into force within 20 days, the rules will begin to apply on December 30, 2024, with some parts of the legislation coming effect six months earlier, on June 30, 2...