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 6131Strategy, previously MicroStrategy, has announced another weekly Bitcoin purchase despite failing to make the S&P 500 last week. This comes as the Bitcoin price rebounds, breaking above $112,00 today, although the MSTR stock is still down in premarket trading. Strategy Acquires 1,955 BTC For $217 Million In a press release, the company announced that it
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Cardano founder Charles Hoskinson has revealed that he was not invited to the upcoming White House Crypto Summit on March 7.
His exclusion has sparked discussions, especially since the blockchain network’s ADA token is included in US President Donald Trump’s proposed crypto reserve.
In a March 6 broadcast, Hoskinson revealed that he had not received an invitation to the highly anticipated crypto event.
According to him:
“We did not get an invitation on Monday. We did not get an invitation on Tuesday. We did not get an invitation today on Wednesday. So I’m going to operate under the assumption I have not been invited to go to this gathering.”
Hoskinson downplayed the event’s significance, suggesting it might not involve meaningful policy discussions. He argued that real policy work happens within the legislative branch, where he has collaborated with lawmakers over the years.
He reaffirmed his commitment to pushing for regulatory clarity through legislative engagement, particularly on key bills related to stablecoins and market structure.
Despite his absence, several key figures in the crypto industry have confirmed their attendance. Among them are Michael Saylor, Chairman of Strategy—the largest corporate holder of Bitcoin—along with Brian Armstrong of Coinbase, Arjun Sethi of Kraken, and Vlad Tenev of Robinhood.
Meanwhile, Hoskinson’s exclusion is particularly striking given that ADA has been listed as part of Trump’s proposed crypto reserve.
The president recently announced plans to create a reserve featuring Bitcoin, Ethereum, XRP, Solana, and Cardano. He is expected to outline his strategy for this initiative at the event.
The Cardano founder admitted that he was unaware of ADA’s inclusion until the news broke.
According to him:
“We knew nothing of ADA being selected for the reserve. It was news to me. I woke up on Sunday, looked at my phone, and I had over one hundred fifty messages saying congratulations, great job, and I had no idea what the heck was going on.”
Cardano founder Charles Hoskinson has threatened legal actions over the blockchain network’s omission from the Wyoming Stablecoin project.
In a Nov. 25 video broadcast on social media platform X, Hoskinson accused the Wyoming Stable Token Commission of favoring certain blockchains and ignoring transparency. He noted that his company, Input Output Global (IOG), had served in an advisory capacity over the past 18 months but was not informed about the criteria or procedures for selecting blockchains.
Wyoming is set to debut the U.S. dollar-backed stablecoin Wyoming Stable Token (WST) in the first quarter of 2025. The Wyoming Stable Token Act passed in March 2024, authorized the creation of a commission to oversee the project. The act mandates that the stablecoin be backed by cash, U.S. Treasuries, and reverse repos, specifying strict maturity limits to maintain liquidity and stability.
Hoskinson’s comments were ignited after reports emerged that the Commission has announced plans to launch its stablecoin using blockchains such as Solana, Ethereum, Avalanche, Stellar, and several layer-2 solutions, including Polygon and Optimism.
Cardano’s absence sparked widespread criticism within the blockchain network’s community, considering Hoskinson’s longstanding ties to Wyoming’s blockchain initiatives.
In his video, Hoskinson argued that Cardano’s exclusion violated Wyoming’s good-faith procurement laws. He stated that the Commission denied Cardano a fair chance by bypassing a formal request-for-proposal process.
The Cardano founder also dismissed claims about Cardano’s alleged technical shortcomings, calling them baseless and biased. He wrote on X:
“Nothing was published and an unelected bureaucrat decided himself what Cardano can and cannot do and then unilaterally excluded a nearly 40 billion dollar protocol without any debate or oversight. IOG isn’t even allowed to bid on an RFP. This isn’t what we fought for over the last few years in Wyoming. It’s disgusting and shameful.”
Furthermore, Hoskinson expressed concerns that the selected blockchains might divert economic benefits away from Wyoming. He highlighted that Wyoming-based firms, including IOG, which have invested heavily in the state, might not gain from the project.
Due to this, the Cardano founder warned that the decision could harm Wyoming’s blockchain ecosystem. He disclosed that his team is weighing potential litigation and other strategies to challenge the decision. He also warned that the issue could have political ramifications, particularly during future elections.
In a subsequent X post, Hoskinson stated:
“Several lawmakers have already reached out to both the commission and governor, saying that this process did not reflect their wishes with the bill and hurts Wyoming. Many options are moving forward, and they will follow a systematic process to address what was a broken and biased pre-qualification process designed to exclude IOG.”
The UK IPO market has come under scrutiny as analysts believe it has lost its appeal in attracting big-name tech listings.
Tech investors have questioned the UK market as a veritable IPO destination after native semiconductor giant Arm shunned the country. The British designer recently opted to list in New York at London’s expense, which many fear could have ripple effects for other IPOs down the line. According to industry analysts and observers, London could miss out on additional lucrative tech initial public offerings. Analysts also cited the capital city’s perceived lack of finesse in treating high-growth tech companies as contributing to its current appeal. Other macroeconomic headwinds, such as Brexit, were also cited as overcasting the outlook for tech listings.
An unfavorable consensus narrative regarding the flotation of an IPO in the UK market is beginning to steepen. For instance, Accel general partner Harry Nelis said, “It’s a known fact that London is a very problematic market.” Pointing to antecedents, observers conclude that the UK might be an ideal place to build a tech company, but not so great for IPOs. As Nelis put it, London creates “globally important businesses”, but the issue is the country’s capital market is “not efficient, essentially”.
According to observers, the institutional investors that dominate the capital landscape lack a fundamental understanding of tech-related matters. For instance, this systemic limiting factor was at play when Deliveroo went public in London in 2021. Although the British online food delivery company’s IPO occurred at the height of the pandemic-triggered food delivery boom, its shares dramatically plunged 30%. While many blamed Deliveroo’s legal framework as a factor for the swift stock collapse, a prominent venture capitalist player disagrees.
Summing up the inefficiency of the British IPO landscape, Hoxton Ventures founding partner Hussein Kanji said:
“It’s not the exchange; it’s the people who trade on the exchange. I think they’re looking for dividend-yielding stocks, not looking for high-growth stocks.”
Kanji also added:
“Two years ago, you could have said, you know what, it might be different, or just take a chance. Now a bunch of people have taken a chance, and the answers have come back. It’s not the right decision.”
Kanji and several tech investors suggested that this inefficient machinery prompted Arm to seek an IPO in the US.
In 2021, several tech firms joined the UK IPO market listing on the London Stock Exchange, spurring investor hopes for sustained capital growth. Many of these investors anticipated that more major tech names would feature on the FTSE 100 benchmark. However, most of these firms have sustained considerable losses in share value, with Deliveroo plummeting over 70% from its start price of £3.90.
Other embattled stock includes British money transfer venture Wise which has crashed over 40% since its 2021 listing. However, there have also been a few notable exceptions where companies increased in value following their initial listing. For instance, British-American information technology platform Darktrace is up approximately 16% from its listing price.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
Dogecoin (CRYPTO: DOGE) traded flat in the early hours of Monday after the buzz surrounding a possible acceptance by McDonald’s Corp (NYSE:MCD) fizzled out.
| Time-frame | % Change (+/-) |
|---|---|
| 24-hour | 0.1% |
| 24-hour against Bitcoin | 1.3% |
| 24-hour against Ethereum | 2.35% |
| 7-day | -7.3% |
| 30-day | -23.5% |
|
YTD performance |
-41.7% |
See Also: How To Buy Dogecoin (DOGE)
Why Is It Moving? Dogecoin traded flat while other major coins traded lower at press time. The global cryptocurrency market cap declined 1.7% to $1.9 trillion.
DOGE was among the most mentioned coins on Twitter. It attracted 2,908 tweets at press time, according to Cointrendz data.
The three most mentioned coins — Bitcoin, Shiba Inu, and Ethereum — attracted 9,535, 7,450, and 4,887 tweets, respectively.
Major coins plunged on Sunday night remained under pressure after the United States said earlier that Russia was amassing troops on the border of Ukraine in preperation of an invasion.
WhaleStat data, reported on Sunday, indicates that whales are hoarding DOGE as its price climbs back to the $0.15 level.
Meanwhile, the hope building around possible announcement of DOGE acceptance by McDonalds was dashed Sunday after the restaurant chain released a new advertisement for the Super Bowl game.
A McDonald’s tweet — that referenced the as-of-yet-unreleased advertisement — was acknowledged by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk with a “sweat droplets” emoji.
DOGE co-creator Billy Markus told his Twitter following that if they “believed the rumor, examine your thought process and who you were listening to very carefully, cuz it was a pretty silly one.”
Dogecoin Chatter: Some in the DOGE Army are expressing their disappointment with McDonald’s on social media.
Uhhhhhhhhhhhhh there is the #Doge announcement ? I’m gonna unfollow u uhhhhhhhhhhhh uhhhhhhhhhhh pic.twitter.com/XVeG12usjB
— CryptoArchitect (@CryptoArchit3ct) February 13, 2022
Doge army it’s time to unfollow @McDonalds .
— Doge army (@Soumitr74847830) February 14, 2022
However, some called for a more calm approach.
#Dogecoin community, please don’t be mad and angry if @McDonalds mentions nothing #doge just remember to #DoOnlyGoodEveryday this is the way pic.twitter.com/cnGcD7mwxv
— Privatedoge (@PrivatteDoge) February 13, 2022
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