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Cardano Foundation held $478M in assets in 2023

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The Cardano Foundation has released its 2023 financial report, showcasing a strong performance in both its operational growth and financial health. The report highlights the foundation’s continued commitment to the Cardano blockchain ecosystem, with a focus on advancing decentralization, driving innovation, and supporting community-led projects. Cardano’s total assets and reserves showed significant growth, reflecting the success of its strategic initiatives throughout the year.

The foundation’s financial report underscores its expanding role within the blockchain space, with a notable increase in the Cardano treasury balance. This growth is attributed to the continued success of its native token, ADA, as well as revenue from various partnerships, grants, and ecosystem contributions. In addition to financial growth, the Cardano Foundation reported substantial progress in key areas, including the development of decentralized applications (dApps) and the onboarding of new projects onto the Cardano network.

One of the key achievements outlined in the report is Cardano’s continued investment in sustainability and scalability through its partnerships and the ongoing rollout of key protocol upgrades. These developments aim to improve the Cardano ecosystem’s functionality, security, and user experience. The foundation also pointed to the increasing number of community-driven initiatives, including education programs, hackathons, and developer incentives, designed to foster growth within the Cardano ecosystem.

Looking ahead, the Cardano Foundation plans to expand its focus on global adoption and regulatory compliance, with an emphasis on enhancing the scalability of the blockchain. As the report suggests, the foundation’s strategy moving forward will be centered on creating long-term value for its community, driving innovation, and strengthening its position as a leading blockchain platform. With its solid financial position, the Cardano Foundation appears well-positioned for continued growth and influence in the blockchain space.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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