Cardano is one the most well-known digital assets on crypto markets. This network has seen a lot of development and has had to endure constant upgrades. It has fallen since its record high of $3 in 2013 and hasn’t made any significant recovery.
This has recently been further made worse by accusations about the network’s founder, Charles Hoskinson. Hoskinson who founded Cardano in 2017 has come under fire for some information that was published in journalist Laura Shin’s new book.
Hoskinson falsifying information?
Laura Shin, in her book The Cryptopians gives us a peek into the minds of some key people within the crypto space. Charles Hoskinson, Cardano founder was one of the people who made it into this lineup. Shin said that Hoskinson has made false claims about his education. Shin claimed that Hoskinson had told Shin that he dropped out from a Ph.D. program, which Shin confirmed as false.
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Shin made the accusations in response to a comment Hoskinson had made on Twitter calling her book a “great work of fiction.” The crypto journalist had subsequently fired back at Hoskinson asking him to address the discrepancies between his claims about his schooling and the statements from the schools stating that Hoskinson was never enrolled in their Ph.D. program and one of the schools didn’t even offer a math Ph.D. program.
Charles, I’m interested in your thoughts on fiction. Do you wish to clarify the differences between what you claim you did when you quit a PhD program and how the schools claimed that you were an undergrad student? pic.twitter.com/gBULGEa6KK
— Laura Shin (@laurashin) March 6, 2022
Shin had received replies from other users on Twitter claiming that Hoskinson did not claim he was in a Ph.D. program. The crypto journalist countered by recording Hoskinson stating that he was an undergraduate student. “I was trying to get a Ph.D., and I ended up dropping out and never finished,” Hoskinson is heard saying on the recording.
Cardano (ADA) Takes A Hit
Shin’s accusations that Hoskinson had quit a Ph.D. program are still being investigated by Shin. Hoskinson has yet to address Shin’s allegations. The controversy has been reacted by the digital asset.
Shin posted his accusations on March 6. However, the cryptocurrency’s price had not moved much since then, and it was continuing its descent. The effects started to be felt in the charts once the exchange gained more attention.
ADA declines to $0.8| Source: ADAUSD on TradingView.com
The cryptocurrency ADA suffered a very significant decline on Monday, March 7. It fell below $0.8 for more than a month. It had made some small gains since breaking above $0.8, but it hasn’t had any luck with its recovery and is back below $0.8.
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Laura Shin’s book opened a conversation about a lot of leaders in the crypto space and their conduct over the years. Charles Hoskinson is not revealing much information about the book, or any parts that are involving him.
Featured image taken from Cointribune. Chart is from TradingView.com