Summary:
- The founder of Cardano, Charles Hoskinson, is considering an exit from Twitter
- He cites an influx of impersonators, scams and frauds
- Hoskinson wants Twitter to step up and provide a path towards verification of his account
- Cardano has been gaining popularity lately and has even been listed by Coinbase Pro
The founder of Cardano, Charles Hoskinson, is considering an exit from the social media platform of Twitter ‘if there is no path to verification’. According to Mr. Hoskinson, such a move would put an end to all the unscrupulous individuals impersonating him in a bid to defraud the Cardano community. He also pointed out a lack of action from Twitter support via the following tweet.
If there is no path to verification, then I'm considering leaving Twitter. It seems to be the only way to resolve the impersonation issues. I'm disappointed with @Twitter they just don't seem to care about fraud, scams, and impersonation.
— Charles Hoskinson (@IOHK_Charles) March 16, 2021
Cardano continues to Rise in the Crypto Markets
An increase in scammers and fraudsters targetting the Cardano community is a result of ADA rising to become the third-ranking digital asset according to market capitalization. In the last few weeks, Cardano has edged out heavyweights such as Binance Coin (BNB), XRP, Polkadot and Litecoin, to claim the number 3 spot below Ethereum and Bitcoin.
The success of Cardano can be attributed to the recent Mary Upgrade. This mainnet upgrade turned Cardano into a multi-asset platform that will allow users to create custom tokens such as NFTs without the use of smart contracts.
Furthermore, institutional demand for Cardano could be around the corner due to Cardano’s recent market performance. Evidence of this can be found in Cardano recently being added to the Bloomberg terminal as well as Galaxy Digital’s Mike Novogratz, seeking additional information about ADA as seen in the following tweet.
Last question before I go shower, can anyone make a real bull case for $ADA? Does anyone build on it? Use it? Why is market cap so high? Should it be a funding asset? It’s one of the few cryptos I haven’t traded in my life.
— Mike Novogratz (@novogratz) March 9, 2021
Cardano Listed on Coinbase Pro
The rise and popularity of Cardano has not gone unnoticed as Coinbase Pro announced yesterday, that it would be listing ADA. Users and investors of Cardano can now deposit their ADA to Coinbase Pro with trading scheduled to begin on or after 9 am Pacific Time, Thursday, March 18th.
(Feature image courtesy of Unsplash.com)