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Cardano Founder Charles Hoskinson Criticizes Coinbase

Cardano founder Charles Hoskinson has chastised cryptocurrency exchange Coinbase for overlooking the platform in its research report of the industry forecast for 2023. The Coinbase analysis contains predictions of possible happenings in the crypto world for next year.

However, the Cardano CEO attacked Coinbase in a tweet on Wednesday, calling the exclusion “extremely sad.” “Not a single time is Cardano mentioned. Pretty gloomy and low. I honestly thought better would come,” He added.

Hoskinson’s complaints over Cardano’s omission from the report are consistent with his past assertions that the platform isn’t receiving enough credit in light of advancements in the network.

According to the cryptocurrency exchange’s report, the deleveraging in 2022 substantially decreased investors’ interest in accumulating digital currencies. Hence, a full recovery may take months.

The report further noted that the development of frameworks and standards for regulated firms is necessary for the future of digital assets, indicating that these regulatory measures will significantly impact the next cycle of the market.

Hoskinson Speaks On Cardano Cyberattacks 

Meanwhile, the Cardano founder warned of a possible attack on Cardano once Ethereum’s Proof-of-Stake (PoS) is complete.

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According to Hoskinson, “now is the time when everyone will assume that all PoS works in a manner akin to Ethereum’s PoS. The maxis will point the finger at us for all of Ethereum’s problems and go after Cardano for its slicing.”

In the report, Coinbase predicted how institutional investors will continue to build up their cryptocurrency holdings after 2023. It also predicted the arrival of creative destruction, which would usher in a new cycle for the digital asset markets.

The exchange also forecasts that in 2023, a better grasp of the regulatory environment surrounding cryptocurrencies will probably result from institutions’ demand for improved governance.


Hoskinson’s Decision About SEC-XRP Court Case

Recently, Hoskinson has come under fire from the cryptocurrency community, especially from XRP backers who assert that he supported the US SEC in its court battle with Ripple.

Hence, he stated that he would refrain from commenting on any topic involving XRP or Ripple as the network battles with the US financial watchdog in court due to what he calls “harsh attacks” from the community.

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Despite not being listed in the survey, Cardano is expanding significantly in several areas as the platform works to increase public adoption of cryptocurrencies. For instance, there has been a significant increase in smart contracts and staking addresses on the network.

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Bradley Nelson

Bradley Nelson is a US based cryptocurrency news writer for Tokenhell, he helps readers stay up to date with the latest trends and news from the blockchain and crypto world. Bradley has been a crypto enthusiast since 2018.

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