Hoskinson Demands Apology Over $600 Million Theft Allegations
Cardano founder Charles Hoskinson criticized the Cardano Foundation after an audit reportedly cleared him of allegations of misappropriating $600 million in ADA.Cardano (ADA) is a Proof-of-Stake blockchain platform written in Haskell, designed for creating decentralized applications.
Hoskinson Demands Apology Over $600 Million Theft Allegations
Cardano founder Charles Hoskinson criticized the Cardano Foundation after an audit reportedly cleared him of allegations of misappropriating $600 million in ADA.
ZachXBT Labels Ripple, Cardano, and Hedera as ‘Insider Enrichment Schemes’
The operational model of Ripple, Cardano, and Hedera resembles financial pyramids, according to on-chain investigator ZachXBT.
Cardano Community Allocates 96 Million ADA to Developers
The IOG team has secured approval for funding amounting to 96 million ADA (approximately $70.6 million at the time of writing) from the Cardano treasury. The funds are earmarked for network development over the next 12 months. The Cardano community just made history. For the first time ever, core development funding has been directly approved […]
Solana Co-Founder Criticizes Cardano’s Reserve Conversion Proposal
Converting Cardano’s treasury into the first cryptocurrency and stablecoins is “foolish,” stated Solana Labs co-founder Anatoly Yakovenko. He was commenting on a proposal by the project’s founder, Charles Hoskinson. This is so dumb. Projects should keep 18-36 months of post kill list runway in short term tbills but that’s about it. Why would anyone want […]
Hoskinson Proposes $100 Million ADA Swap for Bitcoin and Stablecoins
Charles Hoskinson, the founder of Cardano, has proposed allocating $100 million in ADA tokens from the project’s reserves to purchase Bitcoin and stablecoins to boost the DeFi segment within the network. “We could take $100 million in ADA from the treasury, convert it into a mix of stablecoins used in Cardano, namely USDM and USDA, […]
Hoskinson to Audit Cardano Foundation Amid $600 Million ADA Misappropriation Allegations
The Cardano Foundation is set to release an audit report on the state of its treasury following allegations of misappropriating $600 million in ADA. NFT artist Masato Alexander claimed that Cardano blockchain platform founder Charles Hoskinson used a genesis key to alter the ledger and transfer 318 million ADA during the Allegra hard fork in […]
Charles Hoskinson Unveils Details of Midnight Project Airdrop
Tokens from the privacy-focused sidechain Midnight, part of the Cardano ecosystem, will be distributed among 37 million wallets across eight blockchains. This was announced by the network’s founder, Charles Hoskinson, according to CoinDesk. Users will receive governance tokens NIGHT and utility assets DUST. The economic model of Midnight aims to ensure cross-chain interaction: developers will […]
Brave Browser Embraces Cardano Support
The Brave browser has introduced support for the Cardano cryptocurrency in its native and standalone wallets. Users will now be able to manage assets directly and participate in ecosystem voting. This integration is the result of a partnership between Brave and Input Output (IO), the company behind Cardano’s development. Brave’s CEO, Brendan Eich, stated that […]
Interactive Brokers Expands Cryptocurrency Offerings with Solana, Cardano, XRP, and Dogecoin
Brokerage firm Interactive Brokers has added four cryptocurrencies to its platform. Some of these were mentioned by former U.S. President Donald Trump in the context of a national digital asset reserve, reports Bloomberg. The cryptocurrencies in question are Solana, Cardano, XRP, and Dogecoin. Previously, the firm had already provided clients with access to Bitcoin, Ethereum, […]
Ripple Advocates for Solana in US Crypto Reserve as Bitcoin Gains Special Status
Ripple pushed for SOL to make the inclusion of XRP appear more legitimate. Donald Trump will reveal new details about the reserve’s composition. Former Morgan Stanley executive Michael Grimes is expected to lead the Sovereign Wealth Fund. Executives at Ripple Labs proposed to US President Donald Trump the inclusion of SOL in the Strategic Blockchain […]
Bitcoin Surges to $95,000 Following Trump’s Remarks on Altcoin Inclusion in Crypto Reserve
On the evening of March 2, the price of digital gold soared to $95,000 following reports of the potential inclusion of SOL, XRP, and ADA in the U.S. crypto reserve alongside Bitcoin and Ethereum. After Donald Trump’s posts, the president’s special advisor on AI and cryptocurrencies, David Sacks, hinted that on March 7, the head […]
Experts See High Chances for Approval of ETFs Based on LTC, SOL, XRP, and DOGE
Following an analysis of applications for launching spot exchange-traded funds (ETFs), Bloomberg analysts noted a high probability of positive decisions “across the board.” Priority is given to products based on Litecoin, Dogecoin, Solana, and XRP. NEW: @EricBalchunas and I took a look at the filings for spot crypto ETFs. We’re putting out relatively high odds […]We use cookies to improve the quality of our service.
By using this website, you agree to the Privacy policy.