Cardano Founder Discusses Latest ADA Developments, XRP Lawsuit, And Crypto Regulations

Cardano Founder Charles Hoskinson Bullish On Crypto Growth In the US

Charles Hoskinson in an AMA on July 29 started with the launch of Intersect, a member-based organization shaping the Cardano future, with over 200 members joined in the last few days. He will provide details on various things including moving code from IOHK and Intersect in the coming days. He also talked latest Cardano workshops and partnerships.

advertisement

Talking about Judge Torres’ ruling in the US SEC v. Ripple lawsuit, Charles Hoskinson said it’s a big win for the community, with XRP getting listed on major crypto exchanges. It also establishes a legal foundation to argue on crypto like Cardano, Solana, Polygon (MATIC), and others are not securities.

He asserts the ruling certainly weakens the US SEC’s argument and urges lawmakers to pass crypto legislation in the US to provide clarity to the crypto industry. ADA is not a security irrespective of what SEC say as the project is run by the community and open-sourced.

Charles Hoskinson revealed successful progress regarding data protection-focused sidechain Midnight, congratulated Ergo for being the first blockchain to roll out NIPoPoWs, and his focus on multi-delegation on Lace 1.4 version.

Recommended Articles
ethereum price crypto news
Crypto Presale Projects For 2023 To Invest; Updated List
Must Read
crypto exchange affiliate programs
Best Crypto Exchange Affiliate Programs In 2023
Must Read
ethereum price crypto news
Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated]
Must Read
ethereum price crypto news
Crypto Telegram Channels List 2023 [Updated]
Must Read
ethereum price crypto news
Top 10 Web3 Games To Explore In 2023; Here List
Must Read

He went on to explain the Hydra layer 2 scalability solution, showing releases, contributors, and Features expected in the coming updates.

Presidential Candidate Robert Kennedy Jr. wanting to back USD with Bitcoin is difficult due to limited supply, argues Charles Hoskinson. Monetary policy has helped anyone, “They are stealing from you on a day-to-day basis.” Inflation, rising US debt, and other tensions signal there is something wrong.

When asked about crypto bills passed by the House recently, he said the move is monumental but still needs to talk about it with his “government affairs people and think about it.”

ADA price currently trades at $0.31 and is up 1% in the past 24 hours, moved mostly sideways this week.

Also Read: Binance And CEO CZ Facing Intense Scrutiny In Euro Area Amid Banking Woes – WSJ

Comments

Post a Comment

Popular posts from this blog

Grayscale Investments Files for 3 New Exchange Traded Funds

On May 9, digital currency fund manager Grayscale Investments announced the establishment of the Grayscale Funds Trust and submitted registration filings for three exchange-traded funds with the U.S. Securities and Exchange Commission. Grayscale Introduces Grayscale Funds Trust and Files for 3 ETFs As the leading digital currency fund manager, in terms of assets under management (AUM), Grayscale Investments unveiled the Grayscale Funds Trust launch. The trust is a Delaware statutory trust structure designed to strengthen the company’s worldwide asset management capabilities. “A registration statement relating to Grayscale Funds Trust has been filed with the SEC but has not yet become effective,” Grayscale stated on Tuesday. Grayscale highlighted that they had previously established Grayscale Advisors, an SEC-registered investment advisor, which will serve as the new trust’s advisor. Besides the trust, Grayscale has also filed a registration statement for three additional funds. Thes
Read more

SlowMist Uncovers Fraudulent ImToken Wallet on Third-party Stores

The SlowMist Security Team has investigated and analyzed fake Web3 wallets from third -party app stores, warning users about the dangers of downloading wallet apps from questionable sources. In a recent tweet, the team shared their findings and urged users to stay vigilant in enhancing their security awareness when using wallets in the blockchain space. Investigation and Analysis of Fake #Web3 Wallets from Third -party A thread about the risks of using third -party app stores and the dangers of fake wallets in the #blockchain space. Full article here https://t.co/lYNDnM7Qzj — SlowMist (@SlowMist_Team) April 26, 2023 According to the team, third -party app stores like apkcombo and uptodown pose significant risks as anyone can publish apps with minimal cost, making phishing attacks more accessible. The team found a fraudulent version of the well-known imToken wallet on apkcombo, which transmits sensitive data, like mnemonics, to the attacker’s server. The report
Read more

Binance Breaks New Ground with Japan Launch, BNB Token to Take Center Stage

Image
BNB Token To Debut In Japan The cryptocurrency behemoth’s “Build and Build ( BNB )” exchange token, a native token of the BNB chain with broad usage on the Binance exchange, will launch in the Japanese market. The creation of this coin demonstrates Binance ’s strategic goal to target seasoned users. advertisement A variety of decentralized finance (DeFi) and Web 3-based blockchain-based game stocks, such as Solana (SOL), Aster (ASTR), Avalanche (AVAX), Jasmy (JASMY), and Axie (AXS), will be included in the cryptocurrency choices on sale. Domestic unlisted concerns that are not already managed by other exchanges are still being considered, despite not being included in the most recent notification. Binance Japan will not allow leveraged trading, which often entails using margins to purchase and sell assets repeatedly. This is a divergence from several of its rivals. Binance would need to meet stringent requirements to obtain a “Type 1 Financial Instruments Bu
Read more