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“I would love to see Cardano as the first trillion dollar cryptocurrency”, says Charles Hoskinson

Priya

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"I would love to see Cardano as the first trillion dollar cryptocurrency", says Charles Hoskinson
Source: Unsplash

Charles Hoskinson, the CEO and Co-Founder of Cardano, spoke about his visions for Cardano [ADA] during a session with EMURGO, Cardano’s blockchain start-up incubator. The CEO of Cardano said that he would love to see Cardano as the first trillion dollar cryptocurrency in the space.

He stated:

“I would love to see Cardano as the first trillion dollar cryptocurrency and the reason being is that that would effectively mean that we have built a self-sustaining economy.”

He added that Cardano is longer like Bitcoin where users sell BTC when the price hikes and exchange it for Euros and Dollars. He further stated that he wanted to see widespread adoption where Cardano is used by people in restaurants to pay in currency when they get their paycheck.

Charles said:

“I would love to see ADA acheive that level of prominence or currencies connected to ADA achieve that level of prominence because then it basically means that we built a private system that has built-in consistency and fair rules for everybody in the world, not just for the people who happen to be very privileged.”

Charles further spoke about EMURGO. EMURGO is a part of the Cardano project that aims to develop, support and incubate commercial ventures on the Cardano ecosystem. He stated that he hopes that the firms would become a thought-leader which identifies applications, services both on the smart contract side and the enterprise side and addresses core problems of decentralization.

He said that if EMURGO solves problems like corruption, abuse, and fraud, then it would create a ‘Me Too’ movement. Furthermore, Hoskinson expressed his wish that EMURGO finds a way to lead the ecosystem in that direction and find great ventures to invest in and create entrepreneurs to invest in who will be able to raise everybody up and will serve as a wonderful example.



Sicuro_crypto, a Redditor says:

“At max supply that’s $22 per ADA! +12,840% from .17c. I have every hope in Charles, such a great visionary….I could listen to him all day!”

Barbara Taylor, a Youtuber says:

“I’m so excited to see all of his brilliant visions come to life! He is SO amazing!”





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

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Tether’s [USDT] market capitalization hits all-time high, Facebook in talks with Winklevoss twins, trading firms over new cryptocurrency and more

Daily Crypto News – May 25

1) Bitcoin Wallet receives part of 5,000 BTC: A recent Whale Alert highlighted a transaction on May 24, where a large sum of Bitcoin [BTC] exchanged hands between two anonymous wallets. According to the alert the transaction took place at 22:13:23 + 1 minutes and 5,000.00001092 BTC was transferred from an unknown wallet, with address 19SiCYaYKZh9A8HUjuh14eg5wtYzKxiFbB, to another unknown wallet with address 14GcjGjxwadzcpmq9EG3KUgTKATjurbnWt.

Read more at https://bit.ly/2VRQwb0

2) Bitwise Report 2.0: Bitcoin [BTC] futures continues growth: On a month-on-month basis, Bitcoin Futures saw a massive bump in April trading at an average of 10,000 contracts daily, peaking on April 4, with over 22,000 contracts traded. To put that number in perspective, in March 2019, the average contracts traded was less than 4,000. Despite the high standards set in April, the average daily contracts traded in May, with 25 days gone has exceeded 14,000 and still looks to grow, given the price performance of Bitcoin.

Read more at https://bit.ly/2W40sTR

3) Craig Wright on private keys: Craig S Wright has, for years, claimed he is the true creator of Bitcoin [BTC] without providing a shred of evidence to support the same. With the crypto-community levelling, Wright could prove his worth by sending BTC from Satoshi Nakamoto’s touted wallet containing around 980,000 BTCs, the BSV man in a twisted cause and effect situation, stated he will “sign” into his wallet only when he proves he is the creator.

Read more at https://bit.ly/2X6fdlw

4) Tether’s [USDT] market cap hits ATH: Tether and Bitfinex are being closely scrutinized now more than ever due to the NYAG’s lawsuit; however, the scrutiny doesn’t seem to have affected Tether as the market cap of USDT has increased by over $100 million in approximately 70 days.

Read more at https://bit.ly/2McaTjE

5) Tether volume shift: Another controversial topic in the cryptocurrency industry was the issue of fake transaction volumes on many of the popular cryptocurrency exchanges. The magnitude of the topic was so large that even Changpeng Zhao, the Chief Executive Officer [CEO] of Binance had raised red flags. This topic and Tether as a whole received another twist when Larry Cermack, the Director of Research at The Block, pointed out a few parameters when it came to the said volume.

Read more at https://bit.ly/2wmk4mJ

6) Bitfinex’s LEO tokens listed on Delta Exchange: Bitfinex’s Leo tokens faced quite a lot of criticism when they were announced, due to the missing $850 million funds from Bitfinex. The private investment round by Bitfinex also faced a lot of heat from the media. However, in a recent development, Leo tokens are being listed on various exchanges for trading.

Read more at https://bit.ly/2HUEnNB



7) Robinhood en-route a projected valuation of $7 billion: Robinhood, the California-based cryptocurrency exchange made headlines recently when a source close to the organization revealed that it was on the verge of closing their latest round of funding at a valuation of a whopping $7 billion – $8 billion. Sources even claimed that the current round of funding could act as a precursor to an even bigger round of funding, which would pit Robinhood with the bigwigs like Coinbase and Binance.

Read more at https://bit.ly/2W64KKj





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