updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Bitcoin News: MicroStrategy Inc (NASDAQ: MSTR) on Monday submitted a letter responding to the Financial Accounting Standards Board (FASB)’s proposed accounting standards for crypto assets. MSTR in response supported the authority’s quest to back fair value accounting for Bitcoin and other cryptos.
Also Read: U.S. Debt Ceiling Talks Set To Resume; Will Crypto Market Rally?
As per MicroStrategy, it is the largest public company holder of Bitcoin. MSTR revealed that as of March 31, 2023, it is holding 140K Bitcoins (approx worth $3.78 billion on 22 May 2023). It mentioned that the company bought these BTC at an original cost basis of $4.17 billion.
The market value of MSTR’s Bitcoin holdings stood at around $3.986 billion. This is twice the amount it carried in its BTC on the consolidated balance sheet. MicroStrategy supporting the FASB proposed air value model mentioned that it would enable them to provide investors with more relevant information.
Bitcoin price is dealing with increased selling pressure over the past 7 days. BTC is trading at an average of $27,036, at the press time. Its 24 hour trading volume is up by 27% to stand at $10.4 billion.
Also Read: SEC Staff Emails Reveal XRP Failed Howey Test
In the response, MSTR gave a nod to FASB’s intent to make the scope criteria narrow initially in spite of expanding range of crypto assets in the market. However, it believes that there are various complexities linked to non-fungible or wrapped tokens and more.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
OpenAI‘s ChatGPT is revolutionizing the way people engage on social media with its unique ability to answer almost any question posed to it.
Benzinga decided to put the chatbot to the test with questions on cryptocurrency. It should be noted that ChatGPT emphasized investor safety and education as every answer was accompanied by a disclaimer alerting users to the highly volatile nature of the asset.
Here’s how it handled the queries:
Question: Which cryptocurrency should I invest in?
ChatGPT: It is not appropriate for me to provide personalized investment advice. It is important to thoroughly research and carefully consider any investment decision. It is also a good idea to consult with a financial adviser or professional before making any investment decisions. In addition, it is worth noting that investing in cryptocurrency carries a high level of risk and may not be suitable for all investors.
Question: Which crypto should I invest in, Bitcoin BTC/USD or Ethereum ETH/USD?
ChatGPT: Bitcoin and Ethereum are two of the most popular and widely recognized cryptocurrencies, and they have both seen significant price fluctuations and price growth over the past several years. Ultimately, the decision to invest in Bitcoin or Ethereum, or in any other cryptocurrency, should be based on your own research and risk tolerance.
See More: Best Crypto Day Trading Strategies
Question: Is Dogecoin DOGE/USD a safe investment?
ChatGPT: Dogecoin, like other cryptocurrencies, has seen significant price fluctuations and has a high level of price volatility. This means that the value of Dogecoin can fluctuate significantly over short periods of time, and investing in it carries a high level of risk. It is important to carefully consider your own risk tolerance and investment goals before deciding to invest in Dogecoin or any other cryptocurrency. It is not appropriate for me to provide personalized investment advice. It is important to thoroughly research and carefully consider any investment decision. It is also a good idea to consult with a financial adviser or professional before making any investment decisions.
Question: Rate cryptocurrencies based on their level of risk
ChatGPT: It is difficult to accurately rate cryptocurrencies based on their level of risk, as the risk associated with any particular cryptocurrency can change over time. The level of risk associated with a cryptocurrency may depend on a variety of factors, including its market capitalization, level of adoption, regulatory environment, and the security of its network. Additionally, the risk of investing in cryptocurrency may be influenced by your own risk tolerance and investment goals.
Question: What are the top 10 cryptos according to you?
It is not appropriate for me to provide a ranking of cryptocurrencies or to recommend specific investments. The value and ranking of cryptocurrencies can change rapidly and is highly volatile, and it is important to thoroughly research and carefully consider any investment decision. It is also a good idea to consult with a financial adviser or professional before making any investment decisions.
Price Action: BTC was trading at $17,211, up 1.53%. ETH at $1,310, up 3.66% in the last 24 hours, according to Benzinga Pro Data.
Critic Mocks Hoskinson’s Predictions for Cardano; Hoskinson RepliesThe co-creator of Cardano, Charles Hoskinson retaliated against the critic, a Twitter analyst that goes by the name Mr. Charles, who criticized and mocked Hoskinson, claiming that he wasn’t correct with his predictions on Cardano.
Recently, Charles tweeted that the promises made by Hoskinson were yet to be delivered:
Blah blah blah more ‘under promises, Under deliver Brother’. pic.twitter.com/olDCt2z4zg
— Mr. Charles. (EVERYOTHERPROJCTIS**EXCFORMINE)HK (@reng4567821) November 13, 2022
In his tweet, Charles shared the screenshots of a tweet uploaded by Hoskinson in which he had made promises about the better future of Cardano when the platform would own thousands of decentralized apps and other digital assets.
Notably, the community received criticism with a mixture of reactions. Some of them celebrated the words while others supported Hoskinson.
Just after the post was retweeted and liked by many, Hoskinson answered the critic. He tweeted that the great irony in the criticism against him is that the tendency to retweet itself shows that his predictions have come true.
Furthermore, he commented that, as Cardano possesses more than 1000 decentralized apps, 6 million assets, and 3.6 million wallets, it could be assured that his predictions were fulfilled.
In addition, in a recently uploaded video, he said that eventually, Cardano would emerge into a large ecosystem of blockchains, mainly because of its accessibility to the public, when compared to the other crypto platforms.
It is not surprising that Hopkinson countered his criticism immediately, as he is the one known for quick responses, especially for criticisms against the development of Cardano. For instance, most recently, he had a verbal fight with the Founder Do Kwon and the Galaxy Digital CEO Mike Novogratz.
The post Critic Mocks Hoskinson’s Predictions for Cardano; Hoskinson Replies appeared first on Coin Edition.
There has been a lot of controversy in the Cardano community as the network approaches a major milestone. This blockchain has been preparing to deploy an update via a Hard Fork Combinator (HFC) event called “Vasil”, but there has been some disagreement between the community and the lead developer, Input Output Global (IOG).
“Vasil” will introduce network performance on Cardano that is set to improve its ecosystem and potentially expand its decentralized finance (DeFi) sector. However, the HFC event has been pushed back on several occasions causing frustration in some sectors of the community.
IOG’s CEO and Cardano founder Charles Hoskinson asked stakepool operators (SPOs) to upgrade to a new version of this network’s client v1.35.3. This request prompted two developers and influential community members, Adam Dean and Andrew Westberg, to publicly expressed their disagreement with Hoskinson.
Westberg took to Twitter and claimed the Cardano founder is “not on the same as his DevOps and test teams”. The developer and SPO believe version 1.35.3 require more testing. Thus, he asked the community the following:
Run 1.35.3 on the preview network. Run either 1.34.1 or 1.35.3 on the preprod network. Wait until they hardfork successfully and we verify there are no issues. THEN we can upgrade mainnet.
Adam Dean shared a similar sentiment claiming version 1.35.3 on the testnet is “catastrophically” broken as a result of a bug. The team at IOG, according to the developer, has been moving back and forth with this version of the Cardano client.
At what point, SPOs were told that 1.35.3 was “tested and ready for the Vasil Hard Fork”, but the community kept on discovering “bugs”. In that sense, Dean believes the process of deploying “Vasil” on mainnet is being “rushed”. Dean added:
Testnet is still broken, due to the majority of operators having upgraded to 1.35.2 on testnet to simulate a Vasil HFC event there, 1.35.3 is now incompatible and incapable of syncing the chain, legacy installations are still on one fork or another…

The events around the Vasil HFC event might have endangered the entire Cardano blockchain, Dean said. The developer believes that the project came close to a potentially apocalyptic event, adding that “if there were a nuclear clock for Cardano, we got perilously close to hitting midnight”.
Earlier today, Hoskinson replied to the concerns expressed by a sector of the ADA community. He classified the allegations about “rushing” v 1.35.3 as “bizarre and alarmist”.
The Cardano founder believes the code has been “thoroughly tested for months” in a process that included community members and SPOs. In that sense, any issues with the code have been “removed”. Hoskinson wondered:
We of course could as a community delay the launch of Vasil for a few months to retest code that’s already been tested a dozen times and is already running. Is that worth it to all the DApp developers who have been waiting for this update for almost a year now?
However, Hoskinson delegated the decision about implementing v 1.35.3 to the community. The current controversy was seen as a sign that users have more power and a voice about the changes on this blockchain, but IOG’s CEO expressed frustration with the process.
You’re the SPOs, you ultimately decide. I’m seriously tired of taking the blame on both sides. Cardano is decentralized. The people running the network ultimately decide upgrades not me.
— Charles Hoskinson (@IOHK_Charles) August 19, 2022
The inventor of Cardano Charles Hoskinson has been the source of controversy in the crypto space. Journalist Laura Shin reported that Hoskinson was allegedly unable to complete a Ph.D. in Mathematics, and get degrees in the same field, as an undergrad, from the University of Colorado and the University of Boulder.
Related Reading | Why Cardano’s Founder Charles Hoskinson Was Right All Along
Hi Charles, speaking of fiction, do you want to address the discrepancies between your claims of dropping out of a PhD program and the schools’ assertions that you were enrolled as an undergrad? pic.twitter.com/gBULGEa6KK
— Laura Shin (@laurashin) March 6, 2022
In a recent video uploaded to his YouTube channel, the inventor of Cardano and Input-Output Global (IOG) CEO addressed the accusations in an attempt to clear out his “integrity” and reputation. Cardano is supposed to operate as a decentralized project, but Hoskinson is an important leader of its community.
In addition, his company is the core developer of the network. Thus, any accusation made towards Hoskinson could reflect back on the price of ADA, as it seems to have happened during the past weeks, or could affect investors’ confidence in the project. Hoskinson said regarding the controversy:
I’m not here to address everything, certainly some things are a bit bizarre (…) and other things I think are a bit unfair and semantical. Yes, I do have a college degree. Yes, I do have graduate credits at CU Boulder in Math. Yes, I am a dropout because I didn’t by definition complete the things that I set out to do with the degrees programs I was in.
Hoskinson emphasized the work he and his team at IOG have completed with Cardano in a “very transparent open way”. These works have merits, he added, and “stands on its own”.
Later, he clarified that any attempts to tie his personal achievements and reputation to the Cardano project, as a way to challenge the network’s legitimacy and the work of IOG, is “not fair”. The project, Hoskinson highlighted, is a product of the combined effort of multiple people.
Furthermore, Hoskinson tried to minimize his role by declaring that he or any founder of a project “does not matter”. Neither does, in his opinion, rumors, and personal fights. In that regard he noted:
Founders don’t matter, petty squabbles don’t matter, rivalries don’t matter. Yet there seems to be this amazing human tendency to declared angels and demons.
Thus, dividing the space into supporters and detractors. For the formers, the founder of the team behind a project is perceived as deities. For the latter, they embodied malicious intentions. Hoskinson added:
(…) humans are enormously complicated they have all kinds of things in life. Ups and downs, and we let you down sometimes, and other times we inspired you (…). The entire point of the labors of Cardano and all these other projects has always been to take the things where we can’t afford people to let us down (our money, our privacy, our life, our liberty) and put it in the hands of agents who never can by design.
Hoskinson called the current world state “bizarre” as a lot of parts of his life story. In addition, he talked about the ongoing narratives that are allegedly created to hurt Cardano and to omit “the remarkable things” Hoskinson claims to have achieved.
IOG’s CEO promised to write a memoir, telling his life story, when “he retires”. In the meantime, he will focus on the Cardano project, and recommended his viewers to take interest in “things that matter” and to “stop looking for heroes and villains”.
Despite the video trying to clarify the accusations, users still demanded Hoskinson provide more details. Via Twitter, the inventor of Cardano said to have received a degree in Associate in Science (AS) from Front Range Community College, almost 18 years ago.
At 18 an AS from front range community College in 2005. Go verify it. You guys are really having a meltdown
— Charles Hoskinson (@IOHK_Charles) March 11, 2022
Related Reading | Vitalik Buterin Speaks To Argentina: “Decentralization Goes Far Beyond Money”
At the time of writing, ADA’s price trades at $0.79 with a 1.6% profit in the last 24-hours.

The inventor of Ethereum Vitalik Buterin launched a poll via his Twitter account asking his followers to choose between Cardano (ADA), Bitcoin (BTC), Solana (SOL), and the U.S. Dollar. Buterin has been more active on social media after taking a self-imposed hiatus, and his latest poll sparked a debate amongst crypto users.
Related Reading | Why Delisting Of Cardano On eToro Could Benefit Its Price
The inventor of Ethereum presented two hypothetical scenarios specifically targeted at ETH holders. His poll’s question consisted of the following:
Poll for Ethereum community. You wake up in 2035, and 80% of all transactions + savings in the world are in one currency that is not ETH. Which would you prefer it to be?
The Ethereum community was presented with 8 choices, Cardano (ADA), and the aforementioned cryptocurrencies, alongside TRON (TRX), Binance Coin (BNB), China’s CNY, and NEO. As of press time, the poll records almost 1 million votes with 5 hours still to go for users to reply.
The poll was conducted in two separate posts due to the number of choices allowed by the social media platform. However, Cardano (ADA) seems to be the winning choice so far with 40,7% of the 557.040 votes cast on the first post.
Bitcoin (BTC) closely follows with 39,8%, TRON with the most votes, around 42,4% on the second post, and Solana (SOL) with 13%. The least voted currencies, at the moment, are the U.S. dollar and China’s yuan with less than 7% of the total votes in the first post suggesting that the crypto community lacks trust in the fiat currency.
Of the projects mentioned by Buterin, the Cardano community seems to have been the most active. The inventor of this network and CEO of its main developer company IOG, Charles Hoskinson, replied to Buterin with “Ok V, I’ll bite” and then encourage the ADA community to “win this one”.
OK V, I’ll bite
https://t.co/kHPe7Uo2ty
— Charles Hoskinson (@IOHK_Charles) January 14, 2022
The Ethereum and Cardano community have a complicated past, as was reflected in the comments for the poll. Some users accused the project of “buying votes” and of driving their support on the backs of bots, such as Evan Van Ness who also pointed out the alleged low number of transactions on the Cardano blockchain.
literally less than 1 transaction per second on $ADA a few weeks ago pic.twitter.com/nC1Pf8nSrh
— Evan Van Ness
(@evan_van_ness) January 14, 2022
However, IOG has been putting a lot of effort into providing proof that the Cardano ecosystem is growing. The network implemented smart contracts capabilities in Q4, 2021, but its critics claim the development of operational projects has been slow.
In a recent post made by the company, projects such as Cardano Cube, Essential Cardano, and others are confirmed to be on final testing, amongst others already testing on this network’s testnet. Similar data claims there are already around 200 projects building on this network with 18 already operational.
Prolly nothing?
Tune in to the mid month update tomorrow evening UK time for some updates on scaling plans for 2022 and meet a few more of the projects #BuildingOnCardano
Subscribe to the @InputOutputHK YouTube and hit the bell to get the alert
#Cardano $ADA pic.twitter.com/Dt4qKBSG1I
— Tim Harrison (@timbharrison) January 13, 2022
Related Reading | Total Value Locked In Ethereum 2.0 Hits $30 Billion Milestone
As of press time, ADA trades at $1,27 with a 1,1% loss in the past day.
