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Bitcoinist

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Cardano Founder: Crypto’s Crisis Is Cultural, Not Just Technical

  • Cardano founder Charles Hoskinson criticized the crypto asset industry for cultural issues over technical problems during a speech in Buenos Aires.
  • Hoskinson condemned crypto media for spreading unverified allegations and proposed veracity bonds as a solution to ensure accurate reporting.
  • Legal and reputational pressure mounted on IOG as it faces investigations over ADA diversion during a network hard fork, an accusation Hoskinson denied.
  • Hoskinson also highlighted legislative developments like the bipartisan GENIUS act and called for a shift towards a moral project in the crypto sector.

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