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Cardano founder Charles Hoskinson urges U.S. voters to prioritize cryptocurrency in the forthcoming elections, criticizing Biden’s policies. In a video…
The post Cardano Founder Criticizes Bidens Crypto Policies, Urges Voters to Prioritize Crypto first appeared on The Crypto Basic.
Cardano-based meme coin RIO dropped 96% after Cardano founder Charles Hoskinson revealed his pet parrot’s real name is Daisy, not…
The post Cardano Founders Comment Triggers 96% Drop in Cardano Meme Coin first appeared on The Crypto Basic.
A memecoin inspired by Cardano founder Charles Hoskinson’s pet pig Nike has captured the community’s attention. Within just 12 hours of Hoskinson‘s post on X, NIKE’s market capitalization soared close to $1 million, underscoring the volatile and often unpredictable crypto market dynamics. Cardano Founder Sparks New Memecoin The genesis of the NIKE token was a simple, casual tweet by Hoskinson, featuring his pet pig, Nike. The tweet rapidly captured the imagination of the Cardano community, leading to the creation of a new memecoin named NIKE. Fun Fact: I have a pig named Nike pic.twitter.com/53KeeYD1Sf Charles Hoskinson (@IOHK_Charles) June 17, 2024 Within hours of its introduction, NIKE exhibited an astonishing surge in its valuation. According to data from TapTools, the token’s price quickly escalated. Trading metrics painted a picture of frenetic activity: the token’s price increased by an unprecedented 60,200% when it reached $0,00089. Related Reading: Crypto Analyst Lists The Cardano Developments That Will Drive ADA Price To $3 In 2024 The market’s reception to NIKE has been vibrant, with the token swiftly climbing the ranks to become one of the most actively traded within the Cardano ecosystem. As per the latest metrics by taptools.io, NIKE’s 24-hour trading volume stood at $616,000, featuring 2,304 buys and 1,432 sells. The buy volume reached $316,955 while the sell volume was slightly lower at $284,505, indicating a robust but balanced trading interest. Liquidity figures were equally compelling, with the token maintaining a pool of $47,900. The largest NIKE token holder commands a significant 19.37% of the total supply, a factor that adds a layer of risk concerning potential price manipulation or future sell-offs. This trader is followed by holders with 5.58%, 3.35% and 2.93% respectively of the 1 billion token supply. Currently, there are 668 holders of NIKE. The rapid ascent of NIKE has elicited a spectrum of reactions from the crypto community. While some enthusiasts are optimistic about the playful engagement and the potential for profit, others express concern about the speculative nature of such developments. Related Reading: Cardano and MultiversX Attend Launch Of Web3 Initiative In Geneva With Launch of Lightningbox One user commented on the phenomenon, noting, This is everything that’s wrong with Crypto and why a lot of people will never feel comfortable investing in it. Another user jokingly asked: “What other animals do you have?”, which would probably have initiated the creation of another memecoin if the farm owner Hoskinson had replied. Hoskinson expressed his shock and wrote via X, “I’m at a loss that a picture of my pig has resulted in a memecoin that is nearly at a million dollars in under 12 hours.” I’m at a loss that a picture of my pig has resulted in a memecoin that is nearly at a million dollars in under 12 hours. pic.twitter.com/Hzhe0qjkI0 Charles Hoskinson (@IOHK_Charles) June 18, 2024 As NIKE continues to garner attention and trading volume, it could potentially pose a challenge to SNEK, the previously dominant memecoin in the Cardano ecosystem with a market cap of $74 million. While SNEK remains far ahead in terms of total valuation, the sudden rise of NIKE highlights the dynamic and ever-changing landscape of memecoins within the crypto market. At press time, ADA traded $0.373. Featured image from X @IOHK_Charles, chart from TradingView.com
Cardano founder Charles Hoskinson lightheartedly asked if Tesla CEO and American businessman Elon Musk holds 20% of the Dogecoin supply.…
The post Cardano Founder Questions if Elon Musk Holds 20% of Dogecoin Supply first appeared on The Crypto Basic.
Cardano founder Charles Hoskinson has called to what he perceives as an unjust attack from XRP community members as a…
The post Cardano Founder Reveals Why He Cant Apologize to XRP Holders first appeared on The Crypto Basic.
Charles Hoskinson, founder of Cardano, criticizes Michael Saylors view that only Bitcoin is a commodity, not other cryptocurrencies like Ethereum,…
The post Cardano Founder Defends Altcoins Against Michael Saylors Claims first appeared on The Crypto Basic.
The US crypto industry is engaged in an intense battle against the White House, with tensions reaching a boiling point over the Biden administration’s relentless push for onerous regulations and crackdowns on digital assets. According to Charles Hoskinson, the founder of Cardano, this anti-crypto stance may very well cost US President Joe Biden another term in office. Related Reading: Solana Blasts Past Resistance: Buckle Up For $330 Breakout Analyst In a scathing rebuke, Hoskinson accused the administration of harboring a “systematic effort to hurt the crypto industry,” citing numerous policy meetings, private dinners, and open letters where the community has tried in vain to foster understanding. Despite these attempts at engagement, he argues, regulators remain steadfast in their campaign against the sector. “53 million Americans, regardless of their politics and preferences, are being painted as soft criminals,” Hoskinson laments, warning that this hostile environment has already landed some of his industry peers, including Binance’s former CEO Changpeng Zhao, in jail. The Elizabeth Warren Factor Hoskinson has singled out Sen. Elizabeth Warren as the driving force behind the administration’s anti-crypto agenda, going so far as to suggest a clandestine pact between her and Biden. The Cardano founder claims that Warren, known for her staunch opposition to digital assets, was able to extend her influence into the Treasury Department, handpicking like-minded individuals who share her distaste for the industry. This perceived alliance, Hoskinson argues, has resulted in an administration that is heavily tilted against crypto, effectively labeling a significant portion of the population as “criminals.” He views this as a devastating blow, not just for the industry but for the democratic process as a whole. Crypto As The ‘Kingmaker’ Amidst his frustrations, Hoskinson offers a tantalizing prediction: the crypto industry will be the “kingmaker” in future US elections. He asserts that the current administration’s anti-crypto stance is predicated on the belief that there will be no political consequences to its actions. However, Hoskinson is convinced that the voting public will prove them wrong. Hoskinson declares, underscoring the pivotal role that the crypto industry could play in shaping the political landscape: “If this President loses his job and crypto is the decider, no Democrat running in 2028 will be anti-crypto.” The Cardano founder envisions a future where the next generation of Congress members, senators, and presidents are “crypto natives,” paving the way for a more inclusive and progressive regulatory environment. He believes that the industry’s exponential growth and increasing influence will make it a force to be reckoned with in the political arena. How This Impacts The Price Of Crypto The escalating tensions between the Biden administration and the crypto industry have had a direct impact on the broader digital asset market. Investor confidence has been shaken, leading to significant volatility and price fluctuations across major cryptocurrencies. In the wake of the crackdown and the heightened political rhetoric, Bitcoin and Ethereum have seen sharp declines, with prices dropping by over 20% in the past month alone. Related Reading: Bitcoin Boom: Price Explodes Past $67,000 As Investor Confidence Returns Smaller altcoins have fared even worse, as the uncertainty surrounding the regulatory landscape has prompted many investors to steer clear of riskier assets. Industry experts warn that this turbulence may continue until a clearer path forward emerges, either through a change in political leadership or a softening of the administration’s stance on crypto. Featured image from Sky News, chart from TradingView
Cardano (ADA) is again in the spotlight as crypto analysts continue to deliberate on its future trajectory. This time, crypto analyst Alan Santana has laid out a bearish narrative for the crypto token, which could cause its price to drop drastically. How ADA Could Crash To $0.34 In his analysis, Santana stated that ADAs breakout [...]
The post Crypto Analyst Predicts ADA Price Crash To $0.34, Why Is Cardano Founder Bullish? appeared first on Crypto Breaking News.
Over the weekend, the conversation about the ETH Gate theories started again after the news of the Consensys lawsuit against the US Securities and Exchange Commission (SEC). The discussion intensified following the Ripple CTO David Schwartz and Cardano Founder Charles Hoskinson’s debate on X. Related Reading: Ethereum Price Reverse Gains, Can ETH Bulls Save The Day? Is There A Double Standard For Ethereum? On Thursday, crypto firm Consensys sued the US SEC, accusing the regulator of unlawful seizure of authority over Ethereum. Following the news, an online conversation sparked regarding the SECs alleged favoring of the second-largest cryptocurrency by market capitalization. X users commented on crypto exchanges double standard. Many pointed out platforms like Binance, Coinbase, Crypto.com, and Bitstamp delisted XRP after the SECs crackdown on Ripple. Hey @coinbase @cryptocom @BinanceUS @Bitstamp @BittrexExchange when delist Ethereum? Are you still trying to comply with regulatory concerns or no??? pic.twitter.com/QiWG9qEUbZ — Digital Asset Investor (@digitalassetbuy) April 26, 2024 Moreover, members of the crypto community also asked for ETH’s delisting. One user stated that if the crypto asset doesnt get delisted, we know #ETHGate is real. The theories about the SEC attacking Ripple and XRP in favor of Ethereum are part of an ongoing saga that has raised concerns and speculation over the agencys regulatory inconsistency. Last year, lawyer and crypto expert Jeremy Hogan weighed in on the publication of Hinmans emails and drafts from his 2018 speech. Hogan alleged that the former SECs Division of Corporation Finance director was likely paid by someone related to the Ethereum Foundation to give a speech giving ETH a free pass. Ripple CTO Questions Hoskinsons ETH Gate Stand Charles Hoskinson stated that an apology from the XRP army and Ripple executives was needed before a project collaboration. Hoskinson alleged during a recent X Space meeting that XRPs community has attacked him daily since 2022. Following the session, members of the XRP army cursed him out and declared he was wrong. Hoskinson replied, seemingly trying to prove his point, alleging the hate It’s never-ending and completely devoid of reason. Jack, a prominent figure in the XRP community, argued that platforming those who attacked Hoskinson would not help the situation. Cardanos founder then corrected someone, claiming he misspoke and mischaracterized the communitys allegations. Hoskinson clarified he didnt misspeak, as people believe members of the Ethereum community bribed the SEC to take out XRP. According to him, this narrative has reignited several times with no evidence of it. Ripples CTO joined the discussion, questioning Hoskinson over his claims of lack of evidence. Schwartz stated: So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason? So, was Hinman not intimately involved? Did he not have a financial interest in Ethereum? Did he recuse himself? Or is that not evidence for some reason? — David "JoelKatz" Schwartz (@JoelKatz) April 28, 2024 To Hoskinson, Schwartz was inciting a mob by spreading false information. He also denied invalidating the ETH Gate arguments, claiming his grand conspiracy statements have always been related to the belief that somebody from Ethereum bribed the SEC to go after XRP. The back-and-forth between the two crypto gurus ended with Ripples CTO further doubling down on his questions. He asked whether Hoskinson didnt think any of his statements were evidence that Hinmans interests influenced and affected the litigation against Ripple, which received no reply. Related Reading: XRP Sees Over $12 Million Sell-Off: Whale Warning Or Buying Opportunity? XRP is trading at $0.50 in the 7-day chart. Source: XRPUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
Cardano founder backs Bitcoin Ordinals as he presents Cardano as the ideal ecosystem for housing the recently-introduced NFT project. In a recent YouTube Ask Me Anything (AMA) session, Charles Hoskinson, the founder of Cardano, waded into the ongoing discussions surrounding Bitcoin Ordinals, a recent innovation on the Bitcoin blockchain. Hoskinson expressed his belief that the […]
The post Cardano Founder Says Bitcoin Ordinals Should Migrate to Cardano first appeared on The Crypto Basic.
The Cardano founder Charles Hoskinson has reacted to a disclosure from IOHK CTO detailing the network's important achievements since 2020.Notably, Cardano has marked a remarkable journey since 2020, as emphasized by Romain Pellerin, the Chief Technology Officer at Input Output Hong Kong (IOHK). In a recent statement, Pellerin outlined the blockchain platform's key milestones over the past five years.Following this, Cardano founder Charles Hoskinson responded with approval, sharing a moment from Star Trek: The Next Generation that shows his confidence in the platform's trajectory. Cardano's Growth Since 2020In his disclosure, Pellerin highlighted the Shelley upgrade in July 2020, which transitioned Cardano to a proof-of-stake network. This enabled users to stake their ADA tokens and participate in securing the network, enhancing decentralization compared to its earlier federated structure. Later that year, in December, the Allegra upgrade introduced metadata capabilities, allowing users to attach additional information to transactions. This essentially set the stage for more complex applications on the blockchain.Meanwhile, in February 2021, the Mary update expanded Cardano's functionality by enabling native token creation and non-fungible tokens (NFTs). Unlike Ethereum, which relies on smart contracts for token issuance, Cardano's approach made the process better, reducing costs and complexity for developers. Notably, the momentum continued in September 2021 with the Alonzo upgrade, which brought Plutus v1 smart contracts to the platform. This milestone allowed developers to build dApps, as Cardano looked to compete with platforms like Ethereum.Vasil, Valentine and ChangThe following year, in September 2022, the Vasil upgrade improved network efficiency through data diffusion pipelining and introduced Plutus v2, enhancing smart contract performance. This upgrade boosted transaction speeds, making the platform more appealing for large-scale use. Further, in February 2023, the Valentine upgrade strengthened interoperability by integrating support for Bitcoin's ECDSA and Schnorr signatures, alongside dynamic peer-to-peer networking. Fast forward to September 2024, the Chang upgrade marked a pivotal moment by implementing decentralized governance and launching Plutus v3. This version added support for BLS signatures, enabling zero-knowledge proof verification, a critical advancement for privacy-focused applications. In January 2025, Plomin activated all decentralized governance actions, allowing the community to steer Cardano's future fully. Just a month later, in February 2025, an on-chain constitution solidified this governance framework, embedding rules and principles directly into the blockchain.The latest on Pellerin's list is a groundbreaking announcement for this month, March 2025, as Cardano's native token, ADA, joined the U.S. Crypto Strategic Reserve. This disclosure, which occurred on Sunday, boosted ADA's price performance, pushing it above $1.Cardano Founder RespondsIn response to the elaborate list, Charles Hoskinson shared a clip from Star Trek: The Next Generation's "Encounter at Farpoint" episode, where Dr. McCoy advises a crew member to treat the Enterprise respectfully, promising it will always deliver. https://twitter.com/IOHK_Charles/status/1896438785904382061Hoskinson's reply highlighted his view of Cardano as an enduring platform, much like the iconic starship. This analogy ties to Pellerin's list, suggesting that Cardano's consistent growth comes from careful stewardship and community trust.
Cardano founder Hoskinson alleges that the Wagner rebellion in Russia, which ended after a short period, was a plan between Putin and Wagner forces. Renowned entrepreneur and founder of Cardano, Charles Hoskinson, recently shared a controversial take on the Wagner rebellion in Russia. In a recent tweet, Hoskinson alleged that the rebellion was a premeditated […]
The post Cardano Founder Alleges Cooperation Between Wagner and Putin in Recent Rebellion first appeared on The Crypto Basic.
Charles Hoskinson has confirmed that the health and wellness clinic recently launched in Wyoming will accept payments in Cardano (ADA). Charles Hoskinson, the founder of Cardano (ADA), has finally launched the Hoskinson Health and Wellness Clinic, a Wyoming-based medical facility with a goal to proactively address the root causes of ailments, emphasizing preventive healthcare measures. […]
The post Cardano Founder Launches Health Clinic that Accepts ADA Payments first appeared on The Crypto Basic.
World Mobile continues to make moves towards worldwide expansion, as it leverages the Cardano blockchain to connect the unbanked population. In a recent tweet, Charles Hoskinson, the founder of Cardano and CEO of IOHK (Input Output Hong Kong), expressed his admiration for World Mobile as the company leverages the power of Cardano’s blockchain technology for […]
The post Cardano Founder Hails World Mobile as Firm Utilizes Cardano for Global Expansion first appeared on The Crypto Basic.
Cardano Founder Responds to Claims of Low Interest in Cardano NFT. Hoskinson’s sarcastic response comes on the back of NFT.NYC’s decision to move the Cardano NFT panel to the waitlist, citing low interest. Charles Hoskinson, the founder of Cardano, recently delivered a sarcastic response to claims that the Cardano NFT scene sees a low interest […]
The post Cardano Founder Mocks Claims of Lack of Interest in Cardano NFTs first appeared on The Crypto Basic.
Hoskinson believes that the current Dogecoin network cannot support the needs of Twitter. In a series of tweets on Sunday, Cardano founder Charles Hoskinson doubled down his pitch to make Dogecoin a Cardano sidechain. Notably, Hoskinson also released an hour-long video on YouTube arguing that Elon Musk can build a decentralized Twitter for profit […]
The post Charles Hoskinson Slams Dogecoin Doubles Down To Make Doge A Cardano Sidechain first appeared on The Crypto Basic.
Over the last 24 hours, a substantial amount has been wiped off the crypto market. Billions of dollars were taken off the market cap as cryptocurrencies such as bitcoin lost about 10% of their value in the same time period. Following this, Charles Hoskinson, founder of the Cardano network, has shared his thoughts on what caused the market to crash. Inflation Is The Culprit Taking to Twitter, Cardano founder Charles Hoskinson explained that the high inflation rate was the reason behind the market crash. It is no secret that the inflation rate of the United States has been climbing in the last couple of months, and the most recent CPI data report saw another increase in inflation, triggering panic across the financial markets. Related Reading: Investor Sentiment Sees Sharp Positive Spike Following Crypto Market Recovery On the headline inflation, there was only about a 0.1% increase according to the CPI data, while core inflation rose 0.6%. However, despite these numbers not being ‘large’ compared to previous inflation growth rates, it showed that inflation was not slowing down. With the year-over-year inflation rate now sitting at 8.3%, it triggered a massive sell-off in the market. Hoskison shared a report from CNBC that showed that the crypto market was not the only one hit in the sell-offs that accompanied the release of the CPI data. The DOW had fallen 1,200 points in a single day, which was the largest single-day drop recorded in the last two years. Market cap drops to $951 billion | Source: Crypto Total Market Cap on TradingView.com Hoskinson’s statements on the topic of inflation were, “I remember attending a dinner party in Abu Dhabi and sitting next to a famous economist who told me inflation had nothing to do with printing massive sums of money. The people in charge are a delusional cult. You get the bill.” Related Reading: Bitcoin Must Hold This Level Or Risk Falling To $10,000 The crypto market has lost a total of $80 billion in the last 24 hours, which has brought the total market cap below $1 trillion once more. Now, the market looks toward the FOMC meeting that is planned to happen at the start of next week. The decision will also have a significant impact on the market. But before then, the Ethereum Merge presents another event that could have an impact on the market. Bitcoin’s strong correlation with the stock market is also having an impact on the market. This means that for there to be a recovery in the crypto market, a recovery in the stock market would help it along. However, with the inflation rates remaining so high, recovery may remain far off until there is more positive news. Featured image from Forkast, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
New developments in Elon Musk Twitter deal as the shareholder’s vote in favor of the buyout. In a tweet today, the founder of Input Output Global (IOG), the developers of the Cardano network Charles Hoskinson compared the Elon Musk Twitter buyout deal to a one-night stand with long-lasting consequences as Twitter continues to push […]
The post Cardano Founder Compares New Developments In Elon Musk Twitter Deal To A “One Night Stand” With Dire Consequences first appeared on The Crypto Basic.
Cardano founder believes that the TVL on the network could have surged above $19 billion if people were allowed to count their staked tokens. Cardano founder Charles Hoskinson noted that the amount of total value locked (TVL) on the network could have been worth billions of dollars if staked ADA were counted. Hoskinson, the current […]
The post Charles Hoskinson Says Cardano TVL Could Have Surpass $19 Billion If Staked ADA Were Counted appeared first on The Crypto Basic.
New Tweet Suggests Cardano Boss Might Meet With Elon Musk to Discuss the Role He Would Play in Making Twitter Decentralized. I can’t confirm or deny, Charles Hoskinson said in response to comments that he will meet with Elon Musk to discuss how to make Twitter a decentralized social media platform. A new Twitter post […]
The post Is Cardano Founder Charles Hoskinson Meeting With Elon Musk to Make Twitter Decentralized? appeared first on The Crypto Basic.
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