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Cardano [ADA]: Charles Hoskinson accuses crypto-journalists of lack of due diligence and level of accuracy

Arijit Sarkar

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IOHK's Charles Hoskinson accuses crypto-journalists of lack of due diligence and level of accuracy
Credit: Pixabay

Cardano and Ethereum Co-founder, Charles Hoskinson’s recent YouTube upload was aimed at proving an insider’s view into Consensus 2019. He started the video by revealing the participation of non-financial companies such as Microsoft, IBM, and Deloitte at Consensus, unlike the 2017 conference.

While Hoskinson mentioned that no major announcements were made, he highlighted his involvement in the launch of Polymesh, the world’s first security token blockchain by Polymath. He also criticized crypto-journalists in general for “lack of due diligence and level of accuracy.” Following the statement, Hoskinson clarified to his users,

“We never signed an MOU with the Mongolian government or FarmaTrust. We don’t have a relationship with them but we admire the work they’re doing and it sounds like they’re trying to solve real problems.”

Hoskinson also shared Cardano’s roadmap to create a repository for providing regular updates on their latest developments. He reasoned this decision as a measure to stop people from spreading FUD. He added,



“They say that we’re all idiots and we don’t know what we’re doing. The reality is there’s an enormous amount of stuff we’ve done and progress made. So it’s really important to make a listing of what was accomplished for things that came before.”

During the live chat, Hoskinson was asked about the ongoing delays from prominent players such as Microsoft, to which he teased,

“You can buy some Tron [TRX] if you’d like!”

He further clarified that Zerocash and Cardano do not have known backdoors. He also warned his viewers to steer away from fake information. Although Hoskinson delivered clear arguments against false accusations, he hinted at making use of Twitter and other social platforms to stop the future spread of misinformation.





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Binance Coin [BNB] registers ATH as it surges by over 16,000% since inception

Namrata Shukla

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Binance coin [BNB] registers ATH as it surges by over 16,000% since inception
Source: Pixabay

The cryptocurrency market continued to register massive growth, as the prices of most major cryptocurrencies soared. However, the late entrant to the list, Binance Coin [BNB] is posing to be tough competition for other coins in terms of performance. BNB which entered the crypto market in July 2017, breached its all-time high and was trading at $28.79, at press time.

Source: Trading view

Source: Trading view

Binance Coin started out in July 2017 with a value of $0.1927 and marked its all-time high on May 18 at $31.91, according to the Trading View chart of the coin on Binance. BNB noted the growth of a massive 16,458.31% since 2017. However, until the beginning of 2019, BNB was valued at $6.59, after which the coin noted a surge by 384.15% and peaked at $31.



Source: CoinMarketCap

Source: CoinMarketCap

In the month of May, BNB noted a 28.16% growth, and the coin was valued at $28.66, with a market cap of $4.04 billion. The 24-hour trade volume of the coin was reported to be $551 million as it spiked by over 10% in a day. In the past seven days, the coin grew by 35.97%, but slipped by a minimal 0.25% in an hour.

BNB was highly traded on its native exchange, Binance via the BNB/BTC and BNB/USDT pairs. The BNB/BTC trading volume noted on Binance was $140 million, while the volume reported on the BNB/USDT pair was $132 million. The third place was taken by BKEX via the BNB/USDT pair as it registered a trading volume of $72 million.





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