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Charles Hoskinson Denies Claims of Cardano (ADA) Being a Security

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Cardano'S Much Awaited Vasil Hardfork Upgrade Postponed To Next Month
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  • Hoskinson likened Michael Saylor to Tone Vayes in the current market environment.
  • Cardano founder says ADA offers greater usefulness than Bitcoin does.

In response to MicroStrategy CEO Michael Saylor’s assertions that ADA is security, Cardano’s creator Charles Hoskinson has issued a statement. Hoskinson likened Michael Saylor to Tone Vayes in the current market environment during an AMA session on July 15th.

Throughout the crypto community, Vayes gained notoriety by deeming any digital asset other than Bitcoin a hoax. Hoskinson says Saylor has adopted Vayes’ perspective in several of his statements. According to the Cardano creator, ADA is a more decentralized kind of cryptocurrency than Bitcoin.

Bitcoin Maximalists Vs Remaining Digital Assets

In addition, he said that Cardano offers greater usefulness than Bitcoin does. According to Hoskinson, Bitcoin’s primary function is to serve as a store of value. He said that those who acquire ADA aren’t simply speculating like many Bitcoin investors but are using the tokens to fund different initiatives.

It puzzled him that Saylor would identify a crypto asset with more applications than Bitcoin as security but refuse to do the same for his favorite, Bitcoin. According to Hoskinson, arguing with Saylor about ADA would be pointless since “the most difficult, toxic and useless people to engage with” are Bitcoin maximalists.

He cautioned that Saylor might go bankrupt if Bitcoin fails to return to its former glory. Digital assets that have gone through initial coin offerings and hard forks, according to Saylor, are security. According to Saylor, assets like Ethereum and other digital currencies should be categorized as securities.

Michael Saylor is a well-known Bitcoin advocate. Additional units were acquired by his company MicroStrategy even in crypto winter. According to CMC, the live Cardano price today is $0.462410 USD with a 24-hour trading volume of $716,817,337 USD. Cardano has been up 6.37% in the last 24 hours. Bitcoin is trading around the $21.5k mark.

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NFT Marketplace OpenSea Relists Azuki NFTs After Delisting

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  • OpenSea had to cope with an email data breach and the delisting of BAYC NFTs in June.
  • Azuki’s floor price hardly budged from the time of the delisting fiasco.

Many of the Azuki NFTs that were delisted yesterday on the leading NFT marketplace OpenSea have been reinstated. After the marketplace discovered an error in their Trust & Safety flagging mechanism.

The team stated:

“Hey all, rough morning. There was an error in our Trust & Safety flagging system and a number of Azuki NFTs were briefly delisted. We DID work fast to resolve the issue + all impacted items have been relisted. Also, we’re in direct contact with the @AzukiOfficial team.”

When word spread that the Azuki NFTs had been delisted, the blue-chip NFT collection turned to Twitter to address the issue, stating that they had contacted OpenSea about the delisting emails that had been issued to Azuki holders and were waiting to hear back.

Not the First Time

The official announcement from OpenSea was released about two hours after the first issue was discovered. The NFT marketplace mentioned they did work rapidly to remedy the problem and they have been in direct communication with the Azuki team.

OpenSea further tweeted:

“We’re so sorry for any inconvenience and confusion this may have caused.” 

OpenSea has removed NFTs from a blue chip collection before. Recently, OpenSea had to cope with an email data breach and the delisting of Bored Ape Yacht Club (BAYC) NFTs in June. The situation was fixed in the same amount of time as Azuki’s.

Fortunately for Azuki’s, the floor price hardly budged from the time of the delisting fiasco on Friday and now, when it stands at 9.97 ETH as per recent data.

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Circle Partners With Truefi To Boost Usdc Adoption

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Firm Behind Usdc Stablecoin ‘Circle’ Announces Launch Of Euroc Stablecoin
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