Charles Hoskinson has criticized “all the dunking of Cardano,” and asserted that the protocol offers the “optimal route for scalability, governance, and innovation.” According to Hoskinson, the crypto industry’s problem is that it allows “carnival barkers [to] dominate the conversation.” Cardano FUD Charles Hoskinson, co-founder of Input Output Global Inc., has criticized “all the dunking […]
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Charles Hoskinson Signals Alert of Legacy Finance’s Creeping Influence in Crypto
In a video address, Charles Hoskinson casts a spotlight on the advance of traditional financial mechanisms into the realm of cryptocurrency, warning that the essence of digital currencies is at stake. Charles Hoskinson Warns of Crypto’s Creeping Centralization In a recent video titled “Legacy is Eating Crypto,” Charles Hoskinson, the co-founder of Ethereum and Cardano, […]
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Analysts Suggest Financial Giant Charles Schwab Poised to Shake Up Bitcoin ETF Market With Potential Late Entry
In the wake of a noteworthy 11-day period during which U.S.-centered spot bitcoin exchange-traded funds (ETFs) amassed a trading volume totaling .36 billion, discussions have emerged about the potential involvement of Charles Schwab, the American multinational financial services corporation. Eric Balchunas, Bloomberg’s lead ETF analyst, advises, “don’t sleep on Schwab, they’re never first to market in anything but they make back impact when they come in.”
Analyst Predicts Charles Schwab’s Delayed Move to Disrupt Bitcoin ETF Arena
Recent conversations have surfaced about Charles Schwab gearing up to introduce a spot bitcoin ETF, hot on the heels of the debut of ten U.S.-based ETFs on Jan. 11, 2024. In her article on riabiz.com, Lisa Shidler touches upon this development, remarking that “Charles Schwab Corp. is being cryptic about cryptocurrency.” Shidler delves into how Schwab might leverage its extensive scale and competitive low-fee pricing strategy to make a bold move with its bitcoin ETF.
She further explores this topic in a discussion with Eric Balchunas, Bloomberg’s senior ETF analyst. “They may shock the world and offer something that is 10-basis-points in a few months,” Balchunas told Shidler. “I wouldn’t be surprised. They could have something up their sleeve. They might like to do something like that.” Morningstar analyst Bryan Armour clarified to Shidler that this approach is typical of Schwab’s operational style.
“It’s consistent with what we’ve seen from Schwab, overall. They’re more methodical with their approach to product development than others,” Armour told the riabiz.com reporter. “They trade the first-mover advantage for having a more thoughtful lineup that can stick with them for the long-term.” On the social media platform X, ETF Institute co-founder Nate Geraci agrees with Balchunas and stated:
Schwab to enter spot bitcoin ETF race? I say it’s already [a] foregone conclusion. Agree [with] Eric [and] believe will happen (sooner rather than later).
Charles Schwab offers a full range of brokerage, banking, and financial advisory services including dealing with exchange-traded products (ETPs). Schwab founded in 1971 offers a wide range of ETPs, including complex ETPs, leveraged, and inverse ETPs. On X Balchunas explained that Schwab could get aggravated by Fidelity’s significant lead in the spot bitcoin ETF race.
“Don’t sleep on Schwab,” Balchunas said. “They’re never first to market in anything but they make back impact when they come in [with] dirt cheap fee [plus] 30 [million] active brokerage accts. And they do NOT like Fidelity, so FBTC’s success could annoy them to file something sooner rather than later.”
What do you think about the predictions that Charles Schwab may enter the spot bitcoin ETF race? Let us know what you think about this subject in the comments section below.
Cardano’s Charles Hoskinson Clashes With Blockstream’s Adam Back Over Crypto Security Classification
Charles Hoskinson, co-founder of Input Output Global (IOHK) and the Cardano blockchain initiative, recently expressed his frustration in a video over the U.S. regulator’s decision to categorize the cryptocurrency cardano as a security. He’s perplexed and critical about the exemption of bitcoin from being tagged as a security, mocking the situation as a “pathetic joke” and pointing out the apparent free pass granted to “Team Orange.”
Hoskinson Shows Frustration Over ‘Team Orange’ Getting a Pass
In a video clip shared by Altcoin Daily on a social media platform referred to as X, Charles Hoskinson passionately discussed his views on cardano’s (ADA) classification as a security, contrasting it with bitcoin (BTC) and others in the crypto space. He questions the logic, highlighting what he perceives as inconsistencies and unfair treatment in the regulatory approach.
Hoskinson, in the video, questions the absence of expectation of profit among fervent bitcoin supporters, known as the “Orange pill moon boys.” He criticizes the perceived decentralization of Bitcoin, noting that subpoenaing or targeting a few entities could potentially lead to a 51% attack on the network due to the nature of its hashpower distribution. He lambasts this oversight as a glaring, “pathetic f***ing joke.”
Following the video’s release by Altcoin Daily, users of platform X reacted to Hoskinson’s assertions. In a thread on X, Blockstream founder Adam Back responded, tagging Hoskinson. Back simplified the distinction, stating, “[Charles Hoskinson] it’s very simple: Bitcoin did not do an ICO, most people thought it had no value, it was mined from zero, it is decentralised, there is no CEO, ICO warchested ‘foundation,’ incorporation etc. so Cardano, ETH etc clearly pass Howey, Bitcoin is a commodity and does not.”
Responding to Back, Hoskinson clarified that Cardano didn’t have an ICO. Instead, he detailed an airdrop and subsequent trading of ADA by a diverse group of individuals who also used the platform for various projects.
He further elaborated:
A voucher sale of a different asset outside of the United States, priced in Yen, settled in Bitcoin, explained in Japanese to Japanese citizens, and without a single U.S. participant does not constitute an ICO of ADA.
As per Cardano’s Genesis records, these ADA token vouchers were distributed through sales in Asia from October 2015 to early January 2017. A Japanese company facilitated these sales, which garnered 108,844.5 BTC. The debate continued with Back countering Hoskinson’s explanation, suggesting that an airdrop, premine, and some market activity still classify as an ICO. He also pointed to the reliance on a management team for profit expectations.
Hoskinson: ‘I’m Done With Team Orange Lobbying the U.S. Government to Criminalize Everything but Bitcoin’
Hoskinson refuted the notion that an airdrop equates to an initial coin offering (ICO), citing even the SEC’s ambiguity on the matter. He pointed to the SEC’s settlement with EOS and Block.one as a case in point. Hoskinson emphasized that ADA was not publicly offered by a centralized entity, contrasting it with Ethereum’s ICO for ether, which has not been classified as a security.
Expressing his frustration, Hoskinson criticized the bitcoin community for labeling non-Bitcoin projects as inferior or fraudulent. He condemned what he perceived as efforts by Bitcoin advocates to push U.S. authorities to outlaw cryptocurrencies other than Bitcoin. He also dismissed the argument that Bitcoin’s mining process was fundamentally different, noting that Satoshi Nakamoto, Bitcoin’s creator, initially had complete control over the network and remained anonymous due to legal uncertainties.
The Blockstream executive responded by comparing bitcoin with gold and diamonds, arguing that none of these are securities. Despite claims that gold prices are influenced by sovereign entities and diamond prices by companies like Debeers, Back asserted that they, like bitcoin, are commodities. He maintained that ether, ADA, and similar cryptocurrencies are, in contrast, securities. Furthermore, he emphasized that these assets are “both unregistered, and unregisterable securities too.”
What do you think about the debate between Charles Hoskinson and Adam Back? Share your thoughts and opinions about this subject in the comments section below.
Cardano Summit 2023: Charles Hoskinson Takes The Stage, Day 1 Recap
In the financial center of Dubai, the Cardano Summit 2023 will gather some of the most prominent projects in the crypto space. During the three-day event, speakers, founders, and the community will voice views on the growing sector and the future of the network and blockchain technology as Cardano enters a critical stage in its development.
Kicking off the Networking Soirée in Dubai! #CardanoSummit2023 pic.twitter.com/6KwkVHSlZo
— Cardano Foundation (@Cardano_CF) November 2, 2023
What’s Missing In The Cardano Ecosystem?
The Cardano Summit 2023 began with a networking soirée leading to the ‘Battle of the Builders’ competition. The event, sponsored by industry leaders like CV Labs and Genius X, featured ten projects in a pitch contest showcasing the versatility of the Cardano ecosystem.
Frederik Gregaard, CEO of the Cardano Foundation, highlighted the robust number of Cardano GitHub repositories as evidence of the platform’s readiness for innovation. The number of developers working and shipping products on this blockchain has increased following its implementation of smart contract capabilities.
After intense deliberation by a panel of seasoned judges, including Gregaard and representatives from EMURGO and STORM Partners, Maestro claimed the top spot, with NEWM and zkFold rounding out the winner’s circle. The summit continues with more workshops and sessions.
Speaking with our team, Sheraz Ahmed, Managing Partner at STORM Partners, gave his perspective on the event, the obstacles of the building during a bear market, the topics dominating the Summit, the key component missing in the ecosystem, and the distinct quality of the Cardano community: passion.
STORM has been a long-time partner of Cardano and its ecosystem, aiding them in projects like Ergo Media, marketing, and educational efforts. Ahmed told us:
So there are three main topics of the conference. Operational, resilience, education and adoption. Those are the three ones that things are centered towards today’s on the innovation stage. The last discussions are around stablecoins and the importance of stablecoins within the Carano ecosystem. I think a lot of the Cardano community and projects are feeling the pressure of not having a Cardano interoperable (stablecoin). And you can really see that it’s impeding the ability to create DeFi products and applications.
Ahmed was one of the judges during the startup competition and saw how the community and the Cardano Foundation leadership leaned towards those projects building stablecoin solutions. In 2024, Ahmed expects Cardano to launch its native stablecoin, which could have major implications for this ecosystem, similar to the “Alonzo” Hard Fork Combinator (HFC) event:
So that thing is something (a native stablecoin) that’s just a missing piece of the puzzle that just needs to be filled in the Cardano ecosystem, and that it will be within the next, I’d say by mid next year, it should be the case from what I saw about some of the announcements, some of the discussions, etcetera. So that was the first one. Then education was a big topic this morning because there’s quite a wide community in Cardano. Cardano has quite a widespread community on a variety of different things.
I think one topic that wasn’t approached today that was kind of on the tongues of a lot of people in the audience was like, well, “all these things are good, but if we don’t have the funding or the money to do so, how is that going to work out?” And you probably know that the funding of Cardano happens through Catalyst, which is their funding mechanism. And they’ve done 10 funding rounds so far and so the mood at the conference was not bad in terms of the funding round 10, which was I think million just closed a few weeks ago or a month ago. So people are kind of happy or in good sentiment because those that got the approval have money to start building, doing things, etcetera. Because it’d been a year since they hadn’t had a funding round, and that was quite a long time. Normally, the cycles have been at maximum of four to six months.
Ultimately, Ahmed believes the Summit marks a major milestone for the Cardano ecosystem as it moves into the Middle East and North Africa (MENA) region.
Cardano Summit 2023: Founder Hoskinson Speaks
Today, the founder of Cardano and CEO at Input Output Global (IOG), Charles Hoskinson, took the main stage to speak about the blockchain’s “Past, Present, and Future.” Using his famous whiteboards, Hoskinson presented the “strategic pillars” underpinning Cardano’s evolution: Scaling, Governance, and Interoperability.
Whiteboard session with @IOHK_Charles about #Cardano: Past, Present and Future #CardanoSummit2023 pic.twitter.com/VXLOaLbc7i
— Romain Pellerin (@rom1_pellerin) November 3, 2023
In addition, Hoskinson outlined upcoming enhancements like Hydra for scaling and governance tools like 1694 and Intersect, emphasizing the network’s direction towards self-amendment capabilities. For interoperability, the Cardano founder cited advances with sidechains and the implementation of Non-Interactive Proofs of Proof-of-Work (NiPoPoWs).
Hoskinson introduced the Cardano Settlement Layer (CASL) as a mainnet foundation for service layers, alongside PartnerChains for service layer collaboration, leveraging Minotaur’s consensus algorithm for cross-consensus interoperability. The framework will utilize Parity Substrate with Babel fees, enabling native asset transactions.
Cover image from Unsplash, chart from Tradingview
Cardano Summit 2023: Charles Hoskinson Takes The Stage, A Conversation With SingulariyNET
In the financial center of Dubai, the Cardano Summit 2023 will gather some of the most prominent projects in the crypto space. During the three-day event, speakers, founders, and the community will voice views on the growing sector and the future of the network and blockchain technology as Cardano enters a critical stage in its development.
Kicking off the Networking Soirée in Dubai! #CardanoSummit2023 pic.twitter.com/6KwkVHSlZo
— Cardano Foundation (@Cardano_CF) November 2, 2023
What’s Missing In The Cardano Ecosystem?
The Cardano Summit 2023 began with a networking soirée leading to the ‘Battle of the Builders’ competition. The event, sponsored by industry leaders like CV Labs and Genius X, featured ten projects in a pitch contest showcasing the versatility of the Cardano ecosystem.
Frederik Gregaard, CEO of the Cardano Foundation, highlighted the robust number of Cardano GitHub repositories as evidence of the platform’s readiness for innovation. The number of developers working and shipping products on this blockchain has increased following its implementation of smart contract capabilities.
After intense deliberation by a panel of seasoned judges, including Gregaard and representatives from EMURGO and STORM Partners, Maestro claimed the top spot, with NEWM and zkFold rounding out the winner’s circle. The summit continues with more workshops and sessions.
Speaking with our team, Sheraz Ahmed, Managing Partner at STORM Partners, gave his perspective on the event, the obstacles of the building during a bear market, the topics dominating the Summit, the key component missing in the ecosystem, and the distinct quality of the Cardano community: passion.
STORM has been a long-time partner of Cardano and its ecosystem, aiding them in projects like Ergo Media, marketing, and educational efforts. Ahmed told us:
So there are three main topics of the conference. Operational, resilience, education and adoption. Those are the three ones that things are centered towards today’s on the innovation stage. The last discussions are around stablecoins and the importance of stablecoins within the Carano ecosystem. I think a lot of the Cardano community and projects are feeling the pressure of not having a Cardano interoperable (stablecoin). And you can really see that it’s impeding the ability to create DeFi products and applications.
Ahmed was one of the judges during the startup competition and saw how the community and the Cardano Foundation leadership leaned towards those projects building stablecoin solutions. In 2024, Ahmed expects Cardano to launch its native stablecoin, which could have major implications for this ecosystem, similar to the “Alonzo” Hard Fork Combinator (HFC) event:
So that thing is something (a native stablecoin) that’s just a missing piece of the puzzle that just needs to be filled in the Cardano ecosystem, and that it will be within the next, I’d say by mid next year, it should be the case from what I saw about some of the announcements, some of the discussions, etcetera. So that was the first one. Then education was a big topic this morning because there’s quite a wide community in Cardano. Cardano has quite a widespread community on a variety of different things.
I think one topic that wasn’t approached today that was kind of on the tongues of a lot of people in the audience was like, well, “all these things are good, but if we don’t have the funding or the money to do so, how is that going to work out?” And you probably know that the funding of Cardano happens through Catalyst, which is their funding mechanism. And they’ve done 10 funding rounds so far and so the mood at the conference was not bad in terms of the funding round 10, which was I think million just closed a few weeks ago or a month ago. So people are kind of happy or in good sentiment because those that got the approval have money to start building, doing things, etcetera. Because it’d been a year since they hadn’t had a funding round, and that was quite a long time. Normally, the cycles have been at maximum of four to six months.
Ultimately, Ahmed believes the Summit marks a major milestone for the Cardano ecosystem as it moves into the Middle East and North Africa (MENA) region.
Cardano Summit 2023: Founder Hoskinson Speaks
Today, the founder of Cardano and CEO at Input Output Global (IOG), Charles Hoskinson, took the main stage to speak about the blockchain’s “Past, Present, and Future.” Using his famous whiteboards, Hoskinson presented the “strategic pillars” underpinning Cardano’s evolution: Scaling, Governance, and Interoperability.
Whiteboard session with @IOHK_Charles about #Cardano: Past, Present and Future #CardanoSummit2023 pic.twitter.com/VXLOaLbc7i
— Romain Pellerin (@rom1_pellerin) November 3, 2023
In addition, Hoskinson outlined upcoming enhancements like Hydra for scaling and governance tools like 1694 and Intersect, emphasizing the network’s direction towards self-amendment capabilities. For interoperability, the Cardano founder cited advances with sidechains and the implementation of Non-Interactive Proofs of Proof-of-Work (NiPoPoWs).
Hoskinson introduced the Cardano Settlement Layer (CASL) as a mainnet foundation for service layers, alongside PartnerChains for service layer collaboration, leveraging Minotaur’s consensus algorithm for cross-consensus interoperability. The framework will utilize Parity Substrate with Babel fees, enabling native asset transactions.
Cover image from Unsplash, chart from Tradingview
Charles Hoskinson Asserts Cardano Will Surpass All: Envisioning ADA as the Leading Global Cryptocurrency
During the Rare Evo blockchain and cryptocurrency convention, Cardano’s founder Charles Hoskinson expressed his conviction that ADA will eventually become the “biggest cryptocurrency in the world.” Simultaneously, ADA’s value has plummeted 15.2% against the U.S. dollar over the last month, earning it the seventh-largest spot based on crypto market capitalizations.
Cardano Poised to Outshine Bitcoin and Ethereum, Claims Founder Charles Hoskinson
At the recent Rare Evo blockchain event, Charles Hoskinson, an Ethereum co-founder and Cardano founder, shared his thoughts on ADA. He anticipates that ADA will eventually overtake Bitcoin (BTC) and Ethereum (ETH) by climbing to the top of crypto asset rankings worldwide. “So, that is our challenge, and this is why I think that Cardano is probably going to become the biggest cryptocurrency in the world,” Hoskinson opined from the main stage.
“I think that it’s going to become more than just a cryptocurrency. I think it’s going to become the backbone of a new digital nation, a new society—a place where we can finally begin to trust each other again, where we move from ‘don’t be evil’ to ‘can’t be evil,’” added Hoskinson.
Nonetheless, ADA, the digital currency built on Cardano, has recently struggled in the market. Over the past month, ADA has lost 15.2%, and two-week figures reveal a 9.2% drop against the greenback. Furthermore, in U.S. Securities and Exchange Commission (SEC) lawsuits, ADA has been identified as a security by authorities. The Cardano development team fired back with their response, stating:
Under no circumstances is ADA a security under U.S. securities laws.
Cardano currently has 1.8 million in total value locked (TVL) within its decentralized finance (defi) ecosystem. Base, a defi blockchain backed by Coinbase and launched just weeks ago, already surpassed Cardano in TVL amounts with 5.53 million.
In terms of weekly non-fungible token (NFT) sales, Cardano falls below Bitcoin, taking eighth place with ,507,729 in digital collectible sales over the past week. Cryptoslam.io all-time statistics reveal that Cardano holds the sixth-largest position, amassing 2,699,836 in sales.
What do you think about Charles Hoskinson’s opinion shared at the Rare Evo blockchain event? Share your thoughts and opinions about this subject in the comments section below.
ElmonX Releases Rare Digital Collectables From The Charles Salvador ‘Bronson’ NFT Collection
PRESS RELEASE. London, United Kingdom, August 18th, 2023, ElmonX proudly presents the Charles Salvador ‘Bronson’ NFT Collection. This exclusive edition release captures the raw and intense art of Charles Salvador, previously known as Charles Bronson, and represents a unique opportunity to own a piece of his creative genius.
Charles Salvador ‘Bronson’ | ElmonX
There will be four pieces:
· Broadmoor Criminal Lunatic Asylum (Rarity: Common)
· Dare to Dream (Rarity: Uncommon)
· Insanity is Alive and Kicking (Rarity: Rare)
· Bedlam Insanity (Rarity: Prestige)
About Charles Salvador ‘Bronson’:
Since embarking on his artistic path in 1994, Charlie has dedicated himself to creating thousands of paintings, doodles, caricatures, and other works, reflecting the brutality and madness of prison life. His honours, global exhibitions, and the movie “Bronson” stand testament to his artistic genius, reaching beyond confinement to inspire and evoke.
The Charles Salvador ‘Bronson’ Collection:
Delve into the captivating realm of Charles Bronson’s art on prison paper — an extraordinary showcase of creativity that flourishes even within the confines of incarceration. Bronson’s art, meticulously crafted on the textured canvas of prison paper, embodies a fusion of emotions, experiences, and artistic ingenuity.
With every stroke and meticulous detail, he transforms this unconventional medium into a gateway to his innermost thoughts, providing a unique perspective into the mind of an artist who discovered liberation through artistic expression. Each artwork stands as a testament to the boundless power of creativity, transcending physical limitations and underscoring that true artistry knows no barriers, not even the walls of a prison.
400 Digital Collectables will be available to purchase for £50.00 via credit card and ETH*, available only via public sale while supplies last at ElmonX.com.
Key Information:
Random Rarity Release Sale: Saturday, 19th August 10AM PT
Price: £50.00
Editions: 400 (13 Reserved)
License: Charles Salvador ‘Bronson’
Available Globally at ElmonX:
Random Rarity: How it Works
This unique approach redefines the traditional NFT drop, infusing an element of anticipation and chance that keeps collectors on the edge of their seats.
The concept is simple, yet exhilarating. Each NFT is assigned to a particular rarity level. There are four rarity tiers, each with its own limited-edition count:
· Broadmoor Criminal Lunatic Asylum — 175 editions
· Dare to Dream — 125 editions
· Insanity is Alive and Kicking — 75 editions
· Bedlam Insanity — 25 editions
Upon purchasing an NFT from the collection, collectors won’t know which rarity level they’ve acquired until the moment of revelation!
· Rarity’s to be revealed within 24H after the drop
Chances and Possibilities:
Let’s break down the excitement further by exploring the chances associated with each rarity:
· Common Rarity: With 175 editions available, collectors have a 52.5% chance of receiving a common NFT.
· Uncommon Rarity: 125 editions result in a 37.5% chance of obtaining an uncommon NFT.
· Rare Rarity: A more elusive find, collectors have a 18.75% chance of securing a rare NFT from the 75 available editions.
· Prestige Rarity: The epitome of rarity, with only 25 editions in existence. Collectors daring enough to try for this rarity level have a 6.25% chance of attaining it.
How to Purchase:
The NFT collection is available for purchase at https://elmonx.com/ on a first-come, first-served basis. Each person is entitled to purchase 4 collectibles per transaction.
As buyers proceed with the checkout process, they will be required to input their Ethereum (ETH) address and then mark the checkbox to make the payment using a card or ETH. After making their selection and clicking the buy button, a popup will emerge for them to finalize the payment for their NFT. Following a successful payment, this NFT will be minted into their wallet, undergoing a brief waiting duration for the transaction to confirm on the blockchain.
*Please note that currently, only MetaMask is available for ETH transactions. Transactions will incur an added gas fee which will fluctuate. ETH transactions can only be used on a desktop or laptop.
Buyers must be logged into the ElmonX.com website with a registered account. This will be the same as their app login username and password. It is suggested to setup an account before the launch and confirming one’s email.
Please note that ElmonX cannot be held responsible if buyers mistakenly enter an incorrect ETH address during checkout.
Additional Information:
ElmonX will retain Edition #1 of each rarity and another 9 editions.
The distribution of mint editions is sequential through Crossmint (note that there is no sequence to the rarity’s this will be random order).
This collection comprises a total of 400 editions (not four separate collections) For instance, if a buyer acquires the prestige edition (numbered 25), it will be one of the 400 minted editions.
Each edition will be numbered in addition to the mint, for example mint number 300/400 might have the trait 16/25.
ElmonX 3D / Augmented Reality:
The purchase of any Charles Salvador ‘Bronson’ edition unlocks exclusive access to view your NFT in augmented reality by connecting your wallet to ElmonX.com. This feature is only accessible to holders of the NFT. Holders can scan a barcode to view the AR / 3D NFT on mobile as well as desktop.
Secondary Market Fees:
A 10% secondary market fee will be applied to the Charles Salvador ‘Bronson’ collection in the secondary market. Additional fees may be applied by external marketplaces such as Open Sea.
Born For Art & Art Is The Cure:
A portion of the profits from the NFT sales will be contributed to two worthy causes.
Born For Art:
Founded by Charlie, Richard and Oliver, the Born for Art Foundation provides young people from underprivileged backgrounds with art supplies, equipment, and resources. The foundation focuses on overall well-being, educational enhancement, and healing with a mission transcending mere artistic exploration.
Richard’s visionary leadership, particularly his six-year lead of two AR learning projects focusing on prison education, has earned international acclaim, even presenting at the United Nations. His efforts align seamlessly with the foundation’s goal of reducing reoffending and enabling law-abiding lives upon release.
Art Is The Cure:
Is an acclaimed non-profit organization, focuses on promoting creativity therapy and raising awareness. Founded by artists and supported by a vibrant community of over 22,000 like-minded individuals, their mission is to inspire healthy creative outlets and become a catalyst for positive change.
About ElmonX:
ElmonX seamlessly integrates with an unalterable and highly secure distributed database of digital assets. By leveraging decentralized and immutable blockchain systems, ElmonX ensures transparent tracking of product origins and traceability across the entire supply chain. Collectors can utilize augmented reality to visualize and engage with the NFTs, adjusting the scale of the assets to perfectly suit their surroundings.
The ElmonX mobile apps are now available in beta, allowing collectors to reserve their username and join the waitlist. With a particular emphasis on licensed products, ElmonX aims to enhance the NFT collecting experience, particularly in the realm of art, through various offerings such as digital products, animation, and immersive experiences.
ElmonX will plant a tree for every sale made. They can be viewed their virtual forest here: https://ecologi.com/ElmonX
To stay up to date, follow ElmonX on social media: https://linktr.ee/elmonx
For complete information, visit: https://elmonx.com/
Media Contact:
ElmonX
Attn: Media Relations
London, UK
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
IOHK’s Charles Hoskinson Warns of CBDC Agenda and Potential Dystopian Future Amid Binance Lawsuit
Following the lawsuit filing by the U.S. Securities and Exchange Commission (SEC) against Binance, encompassing 13 allegations of “operating unregistered trading platforms” and “participating in multiple unregistered offers and sales of crypto asset securities,” Charles Hoskinson, co-founder of IOHK, provided his insight on the matter. Hoskinson commented that the complaint appears to be a component of a larger plan aiming to establish an “agenda based [central bank digital currency (CBDC)].”
Binance Lawsuit Triggers Warning From IOHK’s Charles Hoskinson
Charles Hoskinson, co-founder of IOHK (Input Output Hong Kong) and Ethereum, has weighed in on the recent lawsuit against Binance. IOHK is the development team that develops the Cardano (ADA) network, the world’s eighth-largest cryptocurrency project by market capitalization. On Monday, Hoskinson revealed that the complaint appears to be a component of a larger plan to establish increased control over the U.S. financial system.
“[The complaint is] over 130 pages, but seems like the next in a series of steps to implement chokepoint 2.0 in the United States,” Hoskinson tweeted. “The end goal is a agenda based CBDC partnered with a handful of massive banks and end-to-end control over every aspect of your financial life.”
Hoskinson is not alone in expressing concerns about central bank digital currencies (CBDCs) ushering in a new era of totalitarian surveillance capitalism. U.S. Congressman Tom Emmer from Minnesota, for instance, has introduced the Anti-Surveillance State Act “to halt efforts of unelected bureaucrats.” Democratic presidential candidate Robert F. Kennedy Jr. also shares the apprehension that a CBDC could result in financial enslavement and tyranny.
The IOHK executive insisted that the regulatory development highlights a fundamental disagreement questioning the very existence of cryptocurrencies and the core principles they embody. “An unelected group of people have decided that concepts like self-sovereign identity, owning your wallet, and the freedom to control your economic agency should be removed from the masses and given to the ‘enlightened’ few,” Hoskinson said.
Hoskinson continued:
Honestly, what is happening isn’t anything new. It’s always the same fight between freedom and authoritarianism just with different players, technology, and words.
However, Hoskinson thinks that amidst the challenges, the industry has a chance to unite and establish rational regulations to avert a 1984-like dystopian future for the United States. Despite the obstacles, the IOHK co-founder remains optimistic and he insisted “everything’s alright and the future is bright for the industry.”
What are your thoughts on the potential impact of a CBDC agenda and the concerns raised by Charles Hoskinson amidst the Binance lawsuit? Share your thoughts and opinions about this subject in the comments section below.
Cardano’s Charles Hoskinson Says Ethereum Classic Now a ‘Scam’
Charles Hoskinson, co-founder of the Cardano blockchain, has labeled the decentralized computing platform Ethereum Classic (ETC) a scam that is benefiting “insiders who dump on those they recruit.” Hoskinson claimed that “Ergo is what ETC should have been and continues to innovate, has a purpose, good ethical leadership, and funding for the future.”
The POW Summit
According to Cardano founder Charles Hoskinson, the decentralized computing platform Ethereum Classic (ETC) is now a scam and “its only purpose is for insiders to dump on those they recruit with blind hope of some magical future that will never come.” In his rant against ETC on Twitter, Hoskinson, himself one of the co-founders of Ethereum, also slammed what sees as the platform’s lack of a roadmap or vision.
The first annual Proof-of-Work Summit will be held in #Prague on Sept 25-27 presented by the @LTCFoundation & $ETC Cooperative.
Join us for an in-depth look at the current state, opportunities, and future of #POW.https://t.co/8Jw17cyYfd
— POWSummit (@PowSummit) May 18, 2023
The remarks by Hoskinson were an apparent response to Bob Summerwill, the executive director at ETC Cooperative. In his tweet on May 18, Summerwill seemingly took umbrage at two Twitter users for mentioning or asking if the programmable blockchain Ergo is going to be represented at the upcoming Proof of Work (POW) Summit. Summerwill then attacked Ergo Foundation for ditching “their own 60K follower account to squat on stolen goods from Charles.”
As explained on its official website, Ergo is described as “a next-generation PoW smart-contract contract platform that enables new models of financial interaction.” The platform is said to be underpinned by “a safe and rich scripting language and flexible and powerful Zero-Knowledge proofs (Σ-protocols).”
ETC Is Now ‘Just Anger and Toxicity’
In subsequent tweets, the ETC Cooperative executive director also doubled down on his belief that Ergo was not only handed stolen property by Hoskinson but was also complicit in hurting the ETC community.
However, in his response to Summerwill’s taunts, Hoskinson sought to draw Twitter users’ attention to what Ergo has achieved and how this epitomizes what ETC should have been doing over the years.
“ETC is now a scam and its only purpose is for insiders to dump on those they recruit with blind hope of some magical future that will never come. There is no roadmap, innovation, team, or vision. It’s just anger and toxicity. The Twitter account was built up from years of effort and marketing at IOG. It wasn’t ethical to inflict upon those followers a project that is now a scam. Ergo is what ETC should have been and continues to innovate, has a purpose, good ethical leadership, and funding for the future,” Hoskinson said in his response.
Although some followers of Ergo and Hoskinson on Twitter have bemoaned the absence of Ergo from the event that will run from Sept. 25-27, an official website for the summit shows that the meeting will still be graced by the crypto industry’s biggest names. Some of the high-profile individuals that are expected to speak at the summit include Charlie Shrem, Jameson Lopp, Litecoin founder Charlie Lee, and Caitlin Long of Custodia Bank.
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