Cardano co-founder Charles Hoskinson revealed that 1,096 BTC, now worth about $70 million, was spent on auditing the project's 2016 crowdsale. The funds were held by an Isle of Man foundation, which dissolved in December 2025, raising concerns over record-keeping. Investor Thomas Braziel demands detailed receipts to verify the spending. This disclosure comes amid a sharp drop in Cardano's ADA token price, increasing scrutiny on the project's early fund management. Hoskinson aims to clarify the matter, but further documentation is awaited to fully resolve the dispute.
Charles Hoskinson, founder of Cardano, addressed concerns about treasury spending and ecosystem support following the shutdown of several projects like TapTools. He warned that difficult market conditions are causing financial pressure on projects, p...
Charles Hoskinson, founder of Cardano, predicted that ADA could eventually surpass Bitcoin through sustained ecosystem growth and strong community support. However, critics argue that ADA would need to increase its market capitalization by about 205 ...
Over the weekend, ZEC surged 15.3%, marking the largest gain among cryptocurrencies, while Bitcoin remained stable around $65,621. Other altcoins like HYPE, ADA, RAIN, and SOL also showed modest gains. Despite these selective advances, overall market...
Cardano (ADA) has dropped sharply by almost 30%, falling below a critical support level near $0.24 that had held since February. This breakdown triggered increased selling pressure and liquidations, pushing ADA near $0.17 and into deeply oversold ter...
In Q1 2026, Cardano's ADA token price dropped 27.4% to $0.24, reflecting short-term market weakness amid broader ecosystem declines like a 23.5% drop in DeFi value locked and 28.1% fewer active addresses. However, Cardano advanced significantly in bu...
