Charles Hoskinson, founder of Cardano, clarified that the 1,096 Bitcoin linked to Cardano's early ADA crowdsale were used to pay auditors who reviewed the fundraising process in 2016. The audit, requested by then-Cardano Foundation chairman Michael Parsons, aimed to verify the integrity of the token sale which raised about $62 million mainly from Japanese investors. Hoskinson estimated the BTC payment was worth around $400,000 at the time and was split among three auditors. Despite this explanation, controversy remains due to the current value of the Bitcoin being around $70 million, and calls for more documentation continue as questions about the allocation of funds persist.
Cardano founder Charles Hoskinson warned that more decentralized finance (DeFi) protocols on the Cardano network could shut down in the second half of 2026 due to structural challenges. These include difficulties in commercialization, fragmented fund...
Cardano's ADA token fell below $0.16 for the first time since 2020, driven by founder Charles Hoskinson's announcement of a temporary retreat from public platforms and warnings about project liquidations. Despite Hoskinson clarifying he is not leavin...
Starknet has released a new appchain framework that allows developers to create sovereign blockchains with custom execution logic while inheriting security from Starknet's zero-knowledge (ZK) core stack. This framework focuses on modular settlement a...
Charles Hoskinson, founder of Cardano, announced plans to move the Cardano community from X (formerly Twitter) to Discord to foster more positive and well-moderated discussions. This move follows Hoskinson's criticism of X as a toxic platform filled ...
Research suggests Cardano's founding entities sold more than 1.5 billion ADA tokens during the 2021 bull run when prices peaked at $3.09. This has sparked debate in the crypto community about governance and transparency, although the Cardano Foundati...
