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Category: Charles Hoskinson

Cardano (ADA) Partners With Chainlink (LINK) for Oracle Services

Cardano has announced a partnership with oracle solutions provider Chainlink to accelerate the development of its DeFi ecosystem. The news was released at the Cardano Summit, a two-day conference held last weekend.

The post Cardano (ADA) Partners With Chainlink (LINK) for Oracle Services appeared first on BeInCrypto.

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Cardano Founder Firmly Opposes “$ADA Burn” Proposal, Here’s Why

Cardano ($ADA) founder Charles Hoskinson is strongly against the idea of deflationary economics which has become quite popular in the crypto world. Hoskinson during a recent AMA session on Youtube expressed his strong displeasure against the idea of token burn, comparing it to stealing food. He said the proposal reflects people’s greed and stupidity and

The post Cardano Founder Firmly Opposes “$ADA Burn” Proposal, Here’s Why appeared first on Coingape.

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Cardano’s Smart Contract Count Breaches 2,200, Hoskinson Says Defi “up for grabs”

Cardano ($ADA) blockchain successfully integrated smart contracts to the mainnet on September 12 via Alonzo hardfork. The key upgrade was a major milestone coming at a critical time when NFT and Defi market is touching new highs. The smart contract functionality would allow Cardano to support Dapps, Defi protocols, and NFTs which all are governed

The post Cardano’s Smart Contract Count Breaches 2,200, Hoskinson Says Defi “up for grabs” appeared first on Coingape.

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Cardano Founder Charles Hoskinson Says He Wants To Eliminate The Need For CEOs And Presidents

Cardano has recently been in the news for all of the right reasons recently. The project just successfully launched the Alonzo Hard Fork Combinator (HFC) on Sunday and with it comes smart contracts capability for the network. Enabling a whole new world of decentralized finance to be built on the network. This has been founder Charles Hoskinson’s dream for the four years it has taken to get here. The founder took to Twitter to celebrate this monumental feat, which he referred to as the new era of Cardano. “Tomorrow is the big day! We are entering a new Era of Cardano,” the tweet read. The community engaged with Hoskinson on Twitter following his tweet. The replies sported both support and questions from inquiring community. Related Reading | Cardano Network Upgrade And Hard Fork Gets Support From Binance Removing The Need For CEOs And Presidents Responding to an overly optimistic reply from a supporter, Hoskinson made a surprising revelation. The tweet had congratulated the founder for the Cardano upgrade, but referred to Hoskinson as “future POTUS 2032.” Hoskinson then responded saying that he had no desire to be president since he had no taste for politics. Going on to add that the point of his career was actually to remove the need for presidents and CEOs. This is wishful thinking. I have no desire or taste for politics. The entire point of my career is to remove the need for CEOs and presidents. Then I can retire and ranch bison — Charles Hoskinson (@IOHK_Charles) September 12, 2021 Related Reading | Cardano Successfully Deploys Alonzo HFC, But Why Is Price Down? It’s not exactly clear how Hoskinson plans to completely eliminate the need for presidents and CEOs but the statement has been well-received by community-backers, who have gone on to hail the founder as a true leader. Cardano Ready For The Future Smart contracts are now finally a reality on the Cardano network. Developers who have worked tirelessly for the past four years on the project have finally gotten to the finish line. As the entire team celebrates the finish line of one project, it ushers in the start of another. With smart contracts functioning as intended and developers getting ready to launch their decentralized applications (DApps) on the network, the team behind Cardano prepares to take on an even bigger project. Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course The topmost priority now is to maintain security for the project with all of the new development happening on the network. This includes making sure that the ecosystem is safe enough for users to trade on. While also maintaining a developer-friendly environment for devs to build upon. Cardano also boasts a robust NFT ecosystem, with over 780,000 tokens already minted to date and more than 19,000 policies. The HFC launch readies Cardano to go head to head with other leading decentralized finance platforms. ADA price trending in the $2.3 range | Source: ADAUSD on TradingView.com Featured image from The Daily Hodl, chart from TradingView.com
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Cardano (ADA) Posts New ATH of $3.10, Hoskinson Wins Another Bet Before Alonzo Uprgrade

Cardano (ADA), the third-largest cryptocurrency by market cap posted a new ATH of $3.10 crossing the $3 barrier for the first time. The altcoin surged over 12% in the past 24-hours and has weekly gains of over 18%. The new ATH also came just a day after Cardano launched the final testnet before the scheduled

The post Cardano (ADA) Posts New ATH of $3.10, Hoskinson Wins Another Bet Before Alonzo Uprgrade appeared first on Coingape.

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Cardano ($ADA) Founder Heaps Praises For Solana( $SOL), Here’s Why

Charles Hoskinson, the founder of Cardano ($ADA) blockchain is in awe of Solana’s ($SOL) progress as he lauded them for their success. He also wanted to learn more about the project and asked where he can get the necessary information. $SOL became the first altcoin post-May crash to hit a new ATH reaching and continues

The post Cardano ($ADA) Founder Heaps Praises For Solana( $SOL), Here’s Why appeared first on Coingape.

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Cardano (ADA) Founder Responds To Criticism Over Crypto New Crypto Partnership

A new partnership between Cardano and blockchain-based firm Coinfirm has drawn criticism from its community. The Cardano-Coinfirm partnership will enable authorities to track ADA transactions on the blockchain from as far back as when it was first created. This, according to the press release, will enable the apprehension of bad actors and prevent illegal transactions from being carried out on the platform. Complying with anti-money laundering (AML) regulations within regulations. Related Reading | Hoskinson Celebrates Ethereum Smart Contracts On Cardano, How This Company Enables It Even though this move was made as a way to further the adoption of ADA by institutions, it has been seen as a form of betrayal by some in the community. The most prominent of these criticisms have been levied by Weiss Crypto, A subsidiary of Weiss Ratings, a leading financial rating firm. Cardano Faces Criticism From Community In a series of tweets, Weiss Crypto laid out its criticism of this move. It pointed out that excessive regulation is what killed the banking system. This is why people are so distrustful of the current banking systems and are turning to crypto. Now, Cardano is allowing the same regulations that crippled the banking system onto its ecosystem. Weiss Crypto pointed out that this move would make the blockchain political. Also opening it up to censorship and network manipulation. A follow-up tweet said that this defeats the whole purpose of the freedom cryptocurrencies brings to the masses. Regulation like this would take away this freedom from control and repression from the people who already run current world financial systems. Related Reading | Cardano (ADA) Cracks New $2.5 All-Time High, Is $3 Possible? “This brings Cardano closer to becoming a censorship-prone, politicized, and manipulated network. If you’re going down this route, there are far better tools for the job – Facebook’s Diem, CBDCs, and the networks they’ll spring up.” Weiss Crypto’s focus landed on the fact that AML laws are used to surveil the people. Making sure that they know what is happening in the financial markets at every turn. It then concluded by reiterating that this was an all-around bad and disappointing move. Charles Hoskinson Responds To The Backlash Cardano co-founder Charles Hoskinson took to Twitter to respond to these criticisms via video. The co-founder started out by stating that it [Cardano] is a totally agnostic protocol. Hence where a person is located doesn’t matter to it. Related Reading | Crypto Analyst Lays Out Cardano’s (ADA) Pathway To $4 Hoskinson said; “While the base layer of the system doesn’t care if you’re from the United States or Japan, wherever, what you can do is add identity and metadata, and all kinds of other things and those other things give you the ability to be in compliance with your business domain, regulated or otherwise.” “They provide clarity,” Hoskinson said in regards to the partnership. “They provide a lot of business and technical requirements. And they allow us to make the software better for everyone everywhere, and Cardano to get more adoption in all industries, regulated and unregulated.” ADA price back up above $2.8 | Source: ADAUSD on TradingView.com ADA is currently still trading above its previous all-time high. The coin which had successfully clenched 3rd position for largest crypto by market cap has continued to maintain its upward momentum. Currently trading at $2.58. Featured image from CryptoSlate, chart from TradingView.com
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Will Cardano (ADA) Cross $3 Soon? Higher Investor Euphoria Suggests So

The investor euphoria is once again back in the crypto market. Bitcoin (BTC) has crossed its crucial resistance of $50,000 by gaining nearly 3% in the last 24-hours. However, it’s Cardano (ADA) hogging all the limelight in the market recently. Cardano’s ADA price has shot up another 12% in the last 24-hours hitting its new

The post Will Cardano (ADA) Cross $3 Soon? Higher Investor Euphoria Suggests So appeared first on Coingape.

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BIC’s Video News Show: Cardano’s Potential Begins to Show

In this episode of the BeInCrypto video news show, host Jessica Walker will take a look at the recent surge in Cardano. Cardano’s price has jumped 60% since the beginning of August, after the team behind it set a date for its smart contract launch. Will there be a correction after such a serious jump, or is this just the beginning of a larger rally in the coming years?

The post BIC’s Video News Show: Cardano’s Potential Begins to Show appeared first on BeInCrypto.

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Cardano (ADA) Price Shoots 5% One News of Smart Contracts Functionality

While the overall cryptocurrency market looks subdued at this point, the world’s fifth-largest cryptocurrency Cardano (ADA) is showing strong moves! At press time Cardano’s price is up ~5% and trading at $1.37 with a market cap of $42 billion. The optimism is backed by positive comments from founder Charles Hoskinson over the introduction of smart

The post Cardano (ADA) Price Shoots 5% One News of Smart Contracts Functionality appeared first on Coingape.

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Charles Hoskinson Claims Thousands of Assets Live on Cardano, but How Many are Useful?

Cardano (ADA) is currently in a key transition phase, moving towards becoming a smart contract compatible blockchain with Alonzo hardfork. However, critics beleive the network hasn’t delivered on its promises. One Twitter user pointed toward the last year’s tweet made by founder Charles Hoskinson on what the network would be capable of in a year.

The post Charles Hoskinson Claims Thousands of Assets Live on Cardano, but How Many are Useful? appeared first on Coingape.

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