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Cardano News Today – Cardano ADA Starts Recovering Higher While Charles Hoskinson Blasts YouTube Over Crypto Scam – July 12th, 2020

  • ADA Goes Back to the Bullish Lane Retesting the $0.1200 Level
  • Cardano’s founder Charles Hoskinson Blasts YouTube Over Cryptocurrency Scams 

Cardano News Today – Cardano ADA has been the star of the cryptocurrency market since the beginning of the year. Over the last few months, the bullish momentum has only increased. Last week, ADA moved as high as $0.1370 after which it started facing correction against the USD. It declined and went back to the $0.1100 where it found strong support. Toward the end of yesterday, ADA started to recover once again and it has maintained the bullish momentum until now. Meanwhile, Cardano’s founder Charles Hoskinson recently blasted YouTube for their role in promoting cryptocurrency scams.

Cardano News Today – Cardano Bulls Return To The Market Allowing it to Retest the $0.12000 Level

At the time of writing, the price of Cardano ADA was $0.123915. It is up by 3.93% against the USD and up by 3.22% against Bitcoin BTC. The trading volume over a 24 hour period is $329,881,688 and the market capitalization is $3,212,742,737. Things are looking up for ADA so it will most likely keep rising for the foreseeable future. As long as ADA remains above the $0.1000 level, it will most likely keep moving higher against the USD. If it falls below this $0.1000 level, there will be a strong risk of falling back to the $0.0700 level mid-term. With developments on the Cardano blockchain going as scheduled, the token is more likely to rise than fall.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardanoCardano$0.123

In other news, Cardano Hoskinson blasts YouTube for allowing scammers to promote cryptocurrency scams on the platform. Earlier today, Charles Hoskinson said that the cryptocurrency community is tired of elaborate video scams that are published on YouTube. Hoskinson said that the latest move by scammers involves using his last keynote address to promote fake giveaways and YouTube is doing nothing about it. He promised to take legal action against those responsible if possible.

Apart from the keynote scam, Hoskinson talked about the Cardano airdrop scams that have been trending in the industry for weeks. In his words;

“I’ve been reporting these for weeks. Instead of going away, they seem to be ramping up. Now that pop up on videos I click on and I go out thinking I clicked the wrong video. Youtube bans people for speaking of bitcoin but allows this!”

While the video has been removed from YouTube, there is still a lot of heat surrounding it. The fact that cryptocurrency ads are censored but scammers can post scam videos online with impunity is annoying.

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