Cardano Latest Update – Cardano’s Former Partner Think Tank in A Legal Battle with the Blockchain Firm – March 24th, 2020

  • Cardano News Update – Why Z/Yen Group is Suing Cardano
  • Cardano ADA Price Analysis – ADA Price adds 9.53% in a Day, Breaks Sluggish Price Trend

Cardano Price Prediction 2020 – The Z/Yen Group Limited recently took legal action against the Cardano Foundation. The root of the problem and the cause of the lawsuit dates back to 2017, and it is related to an agreement between the two partners. Cardano Staking – The start of every partnership is always greats, though sometimes there might be rough patches along the road, this is fine if both parties do not allow it to come between them. In Cardano and Tink Tank’s case, things went south went both parties dissolved.

Cardano News Update – Why Z/Yen Group is Suing Cardano

Cardano News – The Z/Yen Group Limited, which is based in the UK issuing its former partner Cardano Foundation. Commenting on the legal action against the blockchain firm, a spokesperson from Cardano went thus:

“The proceedings relate to an alleged agreement between the Z/Yen Group Limited and the Cardano Foundation dated July 2017. The Cardano Foundation voided/terminated the agreement for various reasons. The Cardano Foundation fully rejects the claims raised by the Z/Yen Group Limited. Due to the ongoing nature of this judiciary process, no further information will be given while proceedings are in progress.”

Cardano News – The Switzerland-based foundation made details on the lawsuit available on its official website. According to the information on the website, there are speculations that the root of the problem seemed to relate to ownership of intellectual property. Cardano Shelley – aside from the information on the official website, the Cardano foundation has not made any other statement, also Z/Yen Group is yet to comment on the issue.

ADA Price Analysis – ADA Price adds 9.53% in a Day, Breaks Sluggish Price Trend

ADA Price Prediction 2020 – In the past 24 hours, the ADA/USD pair has been up by 9.53, the current value has attained $0.029363. ADA price might likely test the next major resistance at $0.030634. ADA Prediction 2020 – ADA has followed the whole market trend, it is currently trading at $0.029363 after an almost $0.003 gain. The current price trend might persist for some days; ADA’s current value is trending beneath its short-term 20 and 50 moving averages.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.030

ADA Prediction 2020 – Currently, the RSI is at 37.87 points, and it is increasing gradually. There might be abrupt increments in the forthcoming days. The next resistance level is looming at around $0.03063. ADA Price Prediction 2020 – Though due to the ongoing market volatility, ADA may encounter price reversal from the upward momentum and correct down to the next support level around $0.027.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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