Charles Hoskinson, founder of the blockchain Cardano, has suggested a radical plan. Specifically, he intends to use $100 million of ADA to buy Bitcoin and Bitcoin-based stablecoins. This new initiative, aimed at deepening Cardano’s decentralized finance (DeFi) ecosystem, will focus on increasing adoption of stablecoins and bringing in Bitcoin liquidity....
Charles Hoskinson, the founder of Cardano, has a grand, ambitious vision. Shortly thereafter, he made headlines again when he announced a $100 million plan to grow Cardano’s decentralized finance (DeFi) ecosystem. This effort has the crypto community all abuzz. There is a lot of excitement as to whether it can...
Charles Hoskinson's proposal to convert $100 million of ADA into Bitcoin and stablecoins to juice Cardano's DeFi ecosystem has the whiff of desperation about it. That’s a big jump, for sure, but is it a smart move or a foolish gamble? As someone who's spent years analyzing DeFi protocols, I'm...
