The post Cardano’s EMURGO Steps Down From Pentad Governance After $2.4M Hack appeared on BitcoinEthereumNews.com.
Cardano News Cardano (ADA) came under renewed pressure after EMURGO, one of the network’s three founding entities, formally stepped down from the Pentad — the cooperative body that steers Cardano’s strategic governance. The token slipped roughly 4% to 5% over 24 hours as the news circulated. EMURGO confirmed on social media that it had notified the other Pentad members — Input Output Global, the Cardano Foundation, Intersect and the Midnight Foundation — of its departure. The company tied the decision directly to the SecondFi security breach, saying it needed to redirect resources toward compensating affected users rather than splitting attention across governance duties it could no longer prioritise. The breach at the heart of the exit was substantial. On-chain data indicates the SecondFi exploit drained roughly $2.4 million and hit hundreds of wallet holders across the ec
The post Can Cardano (ADA) Reclaim $1 in 2026: 3 AIs Weigh in appeared on BitcoinEthereumNews.com.
“Reclaiming $1 in 2026 is mathematically and technically possible for Cardano (ADA), but it faces a steep, uphill battle,” Gemini stated. June was not kind to Cardano’s native token, whose price briefly crashed below $0.14, marking the lowest point since 2020. Fortunately for the bulls, the asset started July on the right foot, temporarily recovering to roughly $0.20, and is currently trading at around $0.17, representing a 14% increase over two weeks. It will be interesting to see whether ADA can extend its positive momentum in the following months and reclaim the major milestone of $1 before the end of the year. Below is the perspective of three of the most widely used AI-powered chatbots. Possible But Quite Difficult Task ChatGPT estimated that ADA could reach $1 sometime this year, but warned that this will be extremely challenging given current levels. OpenAI’s platform claimed tha
As AI-driven mining stocks retreat, investors are examining executive stock sales, governance and shareholder alignment across leading Bitcoin miners, according to Blocksbridge Consulting.
The post Analyst Predicts ADA Rally if Cardano Price Defends $0.16 Level appeared on BitcoinEthereumNews.com.
Cardano price held above $0.16 on Thursday as ADA traded near $0.170 after a modest daily gain. The token increased 1.75% in 24 hours and gained 4% in the last week. The action comes after a broader crypto market rebounded after the recent consolidation and heavy risk-off selling. Crypto Market Rebound Strengthens ADA Above Key Support The overall crypto market value increased by 1.26% to reach 2.17 trillion as buyers were back to key assets. Analysts attributed the recovery to new institutional buying of Bitcoin and improved optimism about the next Cardano network upgrades. Bitcoin price surged above $63,000 in a short-term resistance test amidst renewed geopolitical stress. Ether also rebounded to around $1,750, and bulls were looking at a potential upward shift to $1,800. XRP price was in a narrow range around $1.03. The market has been cautious since the United States and I
The post Cardano’s wallet hack exposed the user layer holding its on-chain government together appeared on BitcoinEthereumNews.com.
EMURGO said it is stepping down from its role in Pentad, the five-member group coordinating Cardano’s infrastructure funding, to focus resources on recovering funds lost in the SecondFi exploit. The attack exploited a flaw in SecondFi’s wallet address-generation system, draining roughly $2.4 million in ADA from 374 wallets. A wallet-layer product failed, and EMURGO, one of Cardano’s founding entities, stepped back from an infrastructure coordination role as recovery work began. Cardano’s governance system, which grew during its Voltaire era, adds a second layer to the story because the product failure sits inside the same wallet environment where ordinary ADA holders delegate and vote. Yoroi’s help documentation says users can delegate voting power to Yoroi’s own DRep, delegate to a different DRep, abstain, or select no confidence, all from inside the wall
Organizations know AI is important. They’re investing in it, encouraging teams to use it and looking for ways to scale its value. But many organizations are still struggling to turn that priority into governed, scalable action. Leaders are left scrambling to feel confident about whether AI is being used responsibly, creating a widening gap between what leaders want from AI – innovation, efficiency and competitive [...]
The post How to close the gap between AI adoption and governance appeared first on SAS Blogs.
Cardano’s road to the Chang hard fork is now deep in the practical maintenance stage. The release of Node 9.0.2 is not the kind of update that generates glossy marketing, but it is exactly the kind of technical cleanup t
