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Cardano Foundation Reveals Its ADA Holdings

  • Alex Morris
    📰 News

    The Zug-based Cardano Foundation is bringing more transparency to the table by publishing a link to its new wallet


Cardano Foundation Reveals Its ADA Holdings
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Cardano Foundation has just brought more transparency to the table by posting a link to their current wallet. That followed their decision to move its funds from the ‘old’ CF wallet.

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No funds have been spent

In its forum post, CF states that no ADA funds have been spent so far. They had to transfer the funds to another wallet in order to make sure that their funds were secure. Furthermore, they also state that they can use additional addresses for managing ADA funds if there is such a necessity.


If CF doesn’t cooperate

It is worth mentioning that CF is a non-profit organization that is based in Switzerland. The funds that the foundation currently holds can only be used for the activities that have been specified in the foundation’s deed and statutory purpose. If CF refuses to cooperate with IOHK and Emurgo, the Cardano community can take legal actions through Swiss authorities (there are supervisory authorities in the canton of Zug).

Cardano Foundation Reveals Its ADA Holdings

What’s next for Cardano?

As U.Today reported earlier, Cardano CEO Charles Hoskinson is expected to reveal a new roadmap during his keynote speech during the upcoming IOHK summit, where he will also outline the 2020 Cardano vision. Meanwhile, Cardano Foundation, Emurgo, and IOHK (three independent organizations) are joining forces in order to move the project forward.

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Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader


Bitcoin's April 2 Breakout Was Reportedly Orchestrated by One Trader
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It’s been over two weeks since Bitcoin’s astronomical surge on Apr. 2, but new theories about what might have caused this bullish uptick continue to pop up. According to crypto-oriented analytical firm CoinMetrics, that epic surge was causes by a single trader.

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Mammoth-size trades

CoinMetrics claims that ‘a single committed trader’ concocted a plan to push the BTC price, and he successfully managed to do that by picking the time of the day when the global liquidity is at its lowest level.


(Source: CoinMetrics.io)

(Source: CoinMetrics.io)  

The report also suggests that the trader started to execute his plan on HitBTC (500,000 USDT were traded for Bitcoin prior to the price movement). After that, large trades were observed on Coinbase and Bitfinex.      

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Focusing on the future

Meanwhile, as reported by U.Today, another theory states that the rapid price surge was triggered by the expiration of the CME futures contracts and heavy spot and over-the-counter buying. One expert went as far as claiming that a simple April joke about the Securities Exchange Commission (SEC) could do the trick.

While no one is quite sure about what could have triggered the short-living rally, there is even a bigger disconnect when it comes to Bitcoin price predictions. While some share their bullish predictions for 2019, another report states that it could take 22 years for Bitcoin in order to match its current ATH of $20,000.

'Bitcoin symbol and graph.Vector illustration.' image by 123rf https://ru.123rf.com/photo_69329295_bitcoin-symbol-and-graph-vector-illustration-.html?term=bitcoin&vti=njv6v7w01tymanucm1-1-82
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