Rajarshi Mitra
Independent Analyst
- Cardano Gold Coin ICO set a record for the shortest and the fakest ICO to date.
- Cardano Gold Coin also listed famous cryptocurrency developers/influencers as its team.
The Cardano Gold Coin ICO was rolled out recently but it went offline after a while. It also set a record for the shortest and the fakest ICO to date. The construction of the website was substandard, offering "6,00,000 coins [sic] for $25.20 each." It also listed famous cryptocurrency developers/influencers as its team. They listed Enrico Campagnol as the CEO and Arnab Naskar as the crowd sales advisor. Both of them posted on twitter that they have nothing to do with Cardano Gold Coin and that it is a scam.
The Cardano Foundation quickly pointed out that Cardano Gold Coin had nothing to do with the Cardano (ADA) cryptocurrency. They labeled the Cardano Gold Coin as a scam in a tweet:
#Cardano Gold is not associated with us in any way. It is infringing on our trademark and violating our registered TM. Cardano Gold’s use of our trademark is illegal and we urge you to beware of this #scam.
Cardano Gold Coin also stole ideas for its agenda from other projects. The company would reportedly grant cryptocurrency debit cards, which is something that Monaco (MCO) and TenX had planned to carry out previously.
The Cardano Gold Coin site is no longer available and are facing potential lawsuits from the Cardano Foundation and the people that were fraudulently listed as their team members. The website, however, can still be viewed using the wayback machine.
ADA/USD daily chart
-637088611398799809.png)
ADA/USD has had a heavily bearish Friday, where the price fell from $0.043 to $0.042. Currently, ADA/USD is priced around $0.0425. The price has found support on the 20-day Simple Moving Average (SMA 20) and SMA 50 curves. SMA 20 has crossed over the SMA 50, which is a bullish session.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Crypto today: Bitcoin, Ethereum, XRP tests key support, TRON network non-stablecoin activity hits new highs
Bitcoin, Ethereum, and XRP hover around key support levels after registering a steep correction earlier this week. TRON network’s stablecoin activity hit new highs following the release of SunPump. TRON trades at around $0.1500, almost flat on the day.
Bitcoin Weekly Forecast: $50,000 on the horizon if it breaks below key support level
Bitcoin price tests the key support level at $56,000 on Friday, consolidating over a 1% decline this week. If it drops below this support, a continued downtrend is likely for BTC, as suggested by substantial outflows from US spot Bitcoin ETFs, rising institutional selling, and bearish on-chain indicators.
Vitalik Buterin says all Layer-2 token holdings will be donated to charity, won’t sell for profit
Vitalik Buterin, Ethereum co-founder, has not sold Ether since the altcoin’s ICO in 2018. On-chain transfers by Buterin make headlines as ETH holders keep eyes peeled for selling pressure on the altcoin.
WazirX, PenPie and Bo Shen hackers launder $42.7 million in stolen funds through Tornado Cash
Three different hackers responsible for the exploit of crypto assets worth millions of dollars from crypto exchange WazirX, DeFi protocol Penpie, and Founder of Fenbushi Capital Bo Shen are using Tornado Cash to move part of the stolen funds.
Bitcoin: $50,000 on the horizon if it breaks below key support level
Bitcoin (BTC) price tests the key support level at $56,000 on Friday, consolidating over a 1% decline this week. If it drops below this support, a continued downtrend is likely for BTC, as suggested by substantial outflows from US spot Bitcoin ETFs, rising institutional selling, and bearish on-chain indicators.
Moneta Markets review 2024: All you need to know
VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.