Cardano Founder Charles Hoskinson Sparks Controversy with Plan to Swap ADA for Bitcoin
Charles Hoskinson, founder of the Cardano blockchain platform, is facing significant criticism after unveiling a controversial plan to convert a portion of Cardano’s treasury assets from ADA, the native cryptocurrency, into Bitcoin and stablecoins. Hoskinson initially announced a strategy to swap $100 million worth of ADA held in Cardano’s treasury into USDM stablecoins and Bitcoin….