Crypto’s Next Big Thing Raises Questions While the Price Surges

54
22
Favorite

Crypto’s Next Big Thing Raises Questions While the Price Surges

Bloomberg2021-03-15

Cardano’s market value recently surged to $34 billion Founder Charles Hoskinson said, ‘I get recognized at airports’ The meteoric rise of Cardano over the past three months is catching the attention ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（22）

Cinnamoon
·2021-03-15
Gotta bet on the blockchain companies that are sure to follow up
Reply
Like
Report
Andrina
·2021-03-15
Nice! Pls help to like and comment
Reply
3
Report
Fold Replies
- KydenC:
  Nice
  2021-03-15
  Reply
  Report
YiiYii
·2021-03-15
Hmm [思考]
Reply
3
Report
Fold Replies
- NARCS:
  ??
  2021-03-15
  Reply
  Report
Poggki
·2021-03-15
Go go go!!!
Reply
Like
Report
Poggki
·2021-03-15
Does this means tesla will be back up?
Reply
Like
Report
shiba
·2021-03-15
Hmm
Reply
Like
Report
Kenny77
·2021-03-15
Crypto stars
Reply
Like
Report
Timz
·2021-03-15
Please like and comment
Reply
3
Report
Fold Replies
- 黑豹钻石拳:
  ✋
  2021-03-15
  Reply
  Report
- YiiYii:
  OK. Please like and comment back.
  2021-03-15
  Reply
  Report
_J_R_
·2021-03-15
To the moon and beyond! Like and comment pls!
Reply
4
Report
Fold Replies
- Gibbie:
  moon
  2021-03-15
  Reply
  Report
- YiiYii:
  ? ? Please like and comment back.
  2021-03-15
  Reply
  Report
Raymond杨
·2021-03-15
Nicee
Reply
1
Report
Tiongwee
·2021-03-15
Stay clear,
Reply
5
Report
capsulefong
·2021-03-15
Further observation
Reply
3
Report
Fold Replies
- ZhiLing:
  yes
  2021-03-15
  Reply
  Report
kksuen
·2021-03-15
Latest
Reply
1
Report
Lanying
·2021-03-15
O
Reply
3
Report
Fold Replies
- Lanying:
  O
  2021-03-15
  Reply
  Report
kksuen
·2021-03-15
Latest
Reply
3
Report
天天有錢賺
·2021-03-15
Wow
Reply
Like
Report
cutemiao
·2021-03-15
Go, go,go, have been waiting for this!
Reply
1
Report
rainman95
·2021-03-15
nice
Reply
1
Report
Dystinvest
·2021-03-15
Wow
Reply
1
Report
Fold Replies
- Huat99:
  wow
  2021-03-15
  Reply
  Report
Ryancmr
·2021-03-15
How high is high?
Reply
5
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1106822661?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-15 08:28","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1106822661","market":"fut","top_or_hot":-1,"title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","media":"Bloomberg","content":"<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_BTC","symbol_name":"CME比特币","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","article_id":"1106822661","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","pubTimestamp":1615768132,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"translate_title":"Crypto的下一件大事在价格飙升的同时引发了问题","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTCmain":0.9,"XBTmain":0.9,"GBTC":0.9},"content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":322397420,"gmtCreate":1615772314760,"gmtModify":1704786258060,"author":{"id":"3575256910067021","authorId":"3575256910067021","name":"Cinnamoon","avatar":"https://static.tigerbbs.com/a2795c1e4a72d648f0a19fab08a62589","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575256910067021","authorIdStr":"3575256910067021"},"htmlText":"Gotta bet on the blockchain companies that are sure to follow up","listText":"Gotta bet on the blockchain companies that are sure to follow up","text":"Gotta bet on the blockchain companies that are sure to follow up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322397420","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322976767,"gmtCreate":1615770452959,"gmtModify":1704786227524,"author":{"id":"3568946937740136","authorId":"3568946937740136","name":"Andrina","avatar":"https://static.tigerbbs.com/70bdcf072029ba2af0033d027b710294","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568946937740136","authorIdStr":"3568946937740136"},"htmlText":"Nice! Pls help to like and comment&nbsp;","listText":"Nice! Pls help to like and comment&nbsp;","text":"Nice! Pls help to like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322976767","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3795673,"gmtCreate":1615778355956,"gmtModify":1680780386833,"authorId":3568891514747061,"author":{"id":3568891514747061,"idStr":"3568891514747061","authorId":3568891514747061,"name":"KydenC","avatar":"https://static.tigerbbs.com/80d84946aef477bc8aa11431b6dd130d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322976767,"type":1,"supId":0,"prevId":0,"content":"Nice  ","text":"Nice  ","html":"Nice  "}],"langContent":"EN"},{"id":322976699,"gmtCreate":1615770431311,"gmtModify":1704786227847,"author":{"id":"3567052123559984","authorId":"3567052123559984","name":"YiiYii","avatar":"https://static.tigerbbs.com/bb10d436567743e0e60ba0933900bf20","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":3,"crmLevelSwitch":0,"idStr":"3567052123559984","authorIdStr":"3567052123559984"},"htmlText":"Hmm&nbsp;[思考]&nbsp;","listText":"Hmm&nbsp;[思考]&nbsp;","text":"Hmm [思考]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322976699","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3794640,"gmtCreate":1615770590716,"gmtModify":1663224269168,"authorId":3568505541532942,"author":{"id":3568505541532942,"idStr":"3568505541532942","authorId":3568505541532942,"name":"NARCS","avatar":"https://static.tigerbbs.com/fbfbc9ae9155d076f1a3c969fa4228ab","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322976699,"type":1,"supId":0,"prevId":0,"content":"??","text":"??","html":"??"}],"langContent":"CN"},{"id":322971677,"gmtCreate":1615770348099,"gmtModify":1704786224124,"author":{"id":"3564876523975472","authorId":"3564876523975472","name":"Poggki","avatar":"https://static.tigerbbs.com/96397c64f0a59449e5573036608f7d30","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"3564876523975472","authorIdStr":"3564876523975472"},"htmlText":"Go go go!!!","listText":"Go go go!!!","text":"Go go go!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322971677","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322979295,"gmtCreate":1615770285317,"gmtModify":1704786221538,"author":{"id":"3564876523975472","authorId":"3564876523975472","name":"Poggki","avatar":"https://static.tigerbbs.com/96397c64f0a59449e5573036608f7d30","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":4,"crmLevelSwitch":1,"idStr":"3564876523975472","authorIdStr":"3564876523975472"},"htmlText":"Does this means tesla will be back up?","listText":"Does this means tesla will be back up?","text":"Does this means tesla will be back up?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322979295","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322979829,"gmtCreate":1615770280161,"gmtModify":1704786222347,"author":{"id":"3578013556091593","authorId":"3578013556091593","name":"shiba","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578013556091593","authorIdStr":"3578013556091593"},"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322979829","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322945186,"gmtCreate":1615769982945,"gmtModify":1704786215971,"author":{"id":"3553679778150469","authorId":"3553679778150469","name":"Kenny77","avatar":"https://static.tigerbbs.com/77c5e512c4b7983d3f3075d8ec4c2f2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3553679778150469","authorIdStr":"3553679778150469"},"htmlText":"Crypto stars","listText":"Crypto stars","text":"Crypto stars","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322945186","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322949268,"gmtCreate":1615769520254,"gmtModify":1704786209113,"author":{"id":"3571747705728957","authorId":"3571747705728957","name":"Timz","avatar":"https://static.tigerbbs.com/19e77b88776ef617e42d53d1b67fb8bb","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3571747705728957","authorIdStr":"3571747705728957"},"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/322949268","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3794465,"gmtCreate":1615769607928,"gmtModify":1680780363757,"authorId":3570880740385047,"author":{"id":3570880740385047,"idStr":"3570880740385047","authorId":3570880740385047,"name":"黑豹钻石拳","avatar":"https://community-static.tradeup.com/news/b985aa64c924e2e2db014d0b48b16d96","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.24","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.12.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":322949268,"type":1,"supId":0,"prevId":0,"content":"✋","text":"✋","html":"✋"},{"id":3794598,"gmtCreate":1615770365563,"gmtModify":1680780361424,"authorId":3567052123559984,"author":{"id":3567052123559984,"idStr":"3567052123559984","authorId":3567052123559984,"name":"YiiYii","avatar":"https://static.tigerbbs.com/bb10d436567743e0e60ba0933900bf20","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322949268,"type":1,"supId":0,"prevId":0,"content":"OK. Please like and comment back.","text":"OK. Please like and comment back.","html":"OK. Please like and comment back."}],"langContent":"EN"},{"id":322957721,"gmtCreate":1615769408563,"gmtModify":1704786206513,"author":{"id":"3578740811020073","authorId":"3578740811020073","name":"_J_R_","avatar":"https://static.tigerbbs.com/ea3e25891715133cf383f8a5bbd5435a","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":5,"crmLevelSwitch":1,"idStr":"3578740811020073","authorIdStr":"3578740811020073"},"htmlText":"To the moon and beyond! Like and comment pls!&nbsp;","listText":"To the moon and beyond! Like and comment pls!&nbsp;","text":"To the moon and beyond! Like and comment pls!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/322957721","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3794449,"gmtCreate":1615769516469,"gmtModify":1680780363695,"authorId":3564398446314499,"author":{"id":3564398446314499,"idStr":"3564398446314499","authorId":3564398446314499,"name":"Gibbie","avatar":"https://static.tigerbbs.com/ac29ad2a0a11289a908ae00b770dc0c5","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322957721,"type":1,"supId":0,"prevId":0,"content":"<u>moon</u>","text":"<u>moon</u>","html":"<u>moon</u>"},{"id":3794604,"gmtCreate":1615770383727,"gmtModify":1680780360187,"authorId":3567052123559984,"author":{"id":3567052123559984,"idStr":"3567052123559984","authorId":3567052123559984,"name":"YiiYii","avatar":"https://static.tigerbbs.com/bb10d436567743e0e60ba0933900bf20","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322957721,"type":1,"supId":0,"prevId":0,"content":"? ? Please like and comment back.","text":"? ? Please like and comment back.","html":"? ? Please like and comment back."}],"langContent":"EN"},{"id":322954409,"gmtCreate":1615769330501,"gmtModify":1704786205061,"author":{"id":"3560481430779928","authorId":"3560481430779928","name":"Raymond杨","avatar":"https://static.tigerbbs.com/a0e904d9a1021ec74841e99e765cf608","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3560481430779928","authorIdStr":"3560481430779928"},"htmlText":"Nicee","listText":"Nicee","text":"Nicee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322954409","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322950939,"gmtCreate":1615768743921,"gmtModify":1704786194711,"author":{"id":"3573775111920367","authorId":"3573775111920367","name":"Tiongwee","avatar":"https://static.tigerbbs.com/e90910e406e67c77f42e225b16b69020","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573775111920367","authorIdStr":"3573775111920367"},"htmlText":"Stay clear,&nbsp;","listText":"Stay clear,&nbsp;","text":"Stay clear,","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322950939","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322927807,"gmtCreate":1615768704309,"gmtModify":1704786193574,"author":{"id":"3576880831453882","authorId":"3576880831453882","name":"capsulefong","avatar":"https://static.tigerbbs.com/25f18e70d07b538bd6b81cf112a09cde","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576880831453882","authorIdStr":"3576880831453882"},"htmlText":"Further observation","listText":"Further observation","text":"Further observation","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322927807","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3794403,"gmtCreate":1615769248667,"gmtModify":1680780366246,"authorId":3557823792637532,"author":{"id":3557823792637532,"idStr":"3557823792637532","authorId":3557823792637532,"name":"ZhiLing","avatar":"https://static.tigerbbs.com/40d052b9f7db59b50f72a3cbcbc99234","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322927807,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes"}],"langContent":"EN"},{"id":322924910,"gmtCreate":1615768624030,"gmtModify":1704786194061,"author":{"id":"3557629001242050","authorId":"3557629001242050","name":"kksuen","avatar":"https://static.tigerbbs.com/e1eb0ceb998a78cefb82c2f66d2addb1","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3557629001242050","authorIdStr":"3557629001242050"},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322924910","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322925990,"gmtCreate":1615768547010,"gmtModify":1704786190811,"author":{"id":"3571641801586244","authorId":"3571641801586244","name":"Lanying","avatar":"https://static.tigerbbs.com/44079e6feb39117800ea99462f8cae40","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3571641801586244","authorIdStr":"3571641801586244"},"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322925990","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3794326,"gmtCreate":1615768556092,"gmtModify":1680780361783,"authorId":3571641801586244,"author":{"id":3571641801586244,"idStr":"3571641801586244","authorId":3571641801586244,"name":"Lanying","avatar":"https://static.tigerbbs.com/44079e6feb39117800ea99462f8cae40","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322925990,"type":1,"supId":0,"prevId":0,"content":"O","text":"O","html":"O"}],"langContent":"EN"},{"id":322922485,"gmtCreate":1615768539947,"gmtModify":1704786190325,"author":{"id":"3557629001242050","authorId":"3557629001242050","name":"kksuen","avatar":"https://static.tigerbbs.com/e1eb0ceb998a78cefb82c2f66d2addb1","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3557629001242050","authorIdStr":"3557629001242050"},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322922485","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322922375,"gmtCreate":1615768483197,"gmtModify":1704786189349,"author":{"id":"3569157961325264","authorId":"3569157961325264","name":"天天有錢賺","avatar":"https://static.tigerbbs.com/a87d6821c87a3f5345fd3b39e87a3710","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3569157961325264","authorIdStr":"3569157961325264"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322922375","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322926457,"gmtCreate":1615768453879,"gmtModify":1704786188535,"author":{"id":"3574384014717887","authorId":"3574384014717887","name":"cutemiao","avatar":"https://static.tigerbbs.com/bb482433c2ea26132373994768ab7de2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574384014717887","authorIdStr":"3574384014717887"},"htmlText":"Go, go,go, have been waiting for this!","listText":"Go, go,go, have been waiting for this!","text":"Go, go,go, have been waiting for this!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322926457","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322926186,"gmtCreate":1615768435145,"gmtModify":1704786188369,"author":{"id":"3572571664064025","authorId":"3572571664064025","name":"rainman95","avatar":"https://static.tigerbbs.com/09f5cf470640486a0ceddbbc72bc8eed","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572571664064025","authorIdStr":"3572571664064025"},"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322926186","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322928153,"gmtCreate":1615768366172,"gmtModify":1704786186906,"author":{"id":"3573044991181175","authorId":"3573044991181175","name":"Dystinvest","avatar":"https://static.tigerbbs.com/b694d4209d8456f46a47b42c4e0ab22c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3573044991181175","authorIdStr":"3573044991181175"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322928153","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3794389,"gmtCreate":1615769110573,"gmtModify":1680780366388,"authorId":3555376654101817,"author":{"id":3555376654101817,"idStr":"3555376654101817","authorId":3555376654101817,"name":"Huat99","avatar":"https://static.tigerbbs.com/2c30eb3331cf3fbbc42818b462456369","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every week","bigImgUrl":"https://static.tigerbbs.com/271475ceaf67d40016c8cfa16c08c8b3","smallImgUrl":"https://static.tigerbbs.com/5a6336061b9ba82ba9177c7ec476f5f2","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":3,"allocatedDate":"2022.09.26","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2004},"crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322928153,"type":1,"supId":0,"prevId":0,"content":"wow","text":"wow","html":"wow"}],"langContent":"EN"},{"id":322921899,"gmtCreate":1615768317611,"gmtModify":1704786185583,"author":{"id":"3557046876100463","authorId":"3557046876100463","name":"Ryancmr","avatar":"https://static.tigerbbs.com/1a5f47c7f77ea2004e6a74fe5381fcd6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3557046876100463","authorIdStr":"3557046876100463"},"htmlText":"How high is high?","listText":"How high is high?","text":"How high is high?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322921899","repostId":1106822661,"repostType":4,"repost":{"id":"1106822661","kind":"news","pubTimestamp":1615768132,"share":"https://ttm.financial/m/news/1106822661?lang=&edition=fundamental","pubTime":"2021-03-15 08:28","market":"us","language":"en","title":"Crypto’s Next Big Thing Raises Questions While the Price Surges","url":"https://stock-news.laohu8.com/highlight/detail?id=1106822661","media":"Bloomberg","summary":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recogni","content":"<ul>\n <li>Cardano’s market value recently surged to $34 billion</li>\n <li>Founder Charles Hoskinson said, ‘I get recognized at airports’</li>\n</ul>\n<p>The meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.</p>\n<p>Billionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.</p>\n<p><img src=\"https://static.tigerbbs.com/d5c7f5f4101c7e0a46513963f9202620\" tg-width=\"753\" tg-height=\"373\"></p>\n<p>Novogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.</p>\n<p>Cardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.</p>\n<p>“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”</p>\n<p>While his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.</p>\n<p>“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”</p>\n<p>Cardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.</p>\n<p><img src=\"https://static.tigerbbs.com/734589e46ae74ceab63f56604d557f7b\" tg-width=\"863\" tg-height=\"465\"></p>\n<p>Perhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.</p>\n<p>“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.</p>\n<p>“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.</p>\n<p>Hoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.</p>\n<p>“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”</p>\n<p>More than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.</p>\n<p>“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.</p>\n<p>Hoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.</p>\n<p>Hoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.</p>\n<p>While 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”</p>\n<p>“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto’s Next Big Thing Raises Questions While the Price Surges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto’s Next Big Thing Raises Questions While the Price Surges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-03-14/crypto-s-next-big-thing-raises-questions-while-the-price-surges","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106822661","content_text":"Cardano’s market value recently surged to $34 billion\nFounder Charles Hoskinson said, ‘I get recognized at airports’\n\nThe meteoric rise of Cardano over the past three months is catching the attention of some of the savviest investors in cryptocurrencies.\nBillionaire Michael Novogratz sought to crowdsource information on the digital token, also known as Ada, on Tuesday, asking for help to explain the more than sixfold surge since the middle of December that briefly made it the third-biggest cryptocurrency by market value after stalwarts Bitcoin and Ethereum.\n\nNovogratz isn’t the only one asking what’s going on with a network that still lacks many functionalities available on its more established rivals. That hasn’t stopped it from developing a loyal following on Reddit, similar to many of the so-called meme stocks that surged at the start of the year. Unlike the likes of GameStop Corp., Cardano has been able to maintain its upward momentum.\nCardano is the brainchild of Charles Hoskinson, a 33-year-old who looks like the PhD student that he was before crypto mania took over his life. He’s now a bit of a crypto rock star, running a YouTube channel with 105,000 subscribers, gets fan mail and even gifts from admirers, such as a letter Albert Einstein wrote and a bronze eagle.\n“That’s the most surreal part of all of it,” Hoskinson said in an interview from Longmont, Colorado. “I get recognized at airports.”\nWhile his YouTube videos are being watched by tens of thousands of people, Cardano is still a work in progress. Even after an upgrade that happened in early March, it can’t yet be used to run many of the hottest applications in crypto, such as decentralized-finance projects that let users lend, trade with and borrow money from each other. The so-called smart-contract functionality is expected to come this year.\n“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of researcher Coin Metrics. “I am truly mystified as to why it is enjoying a resurgence in popularity.”\nCardano previously peaked in early 2018 during the crypto boom and bust, before crashing badly. This year, Cardano went to a market value of about $34 billion from about $5.6 billion, according to data tracker CoinMarketCap.com.\n\nPerhaps investors are buying Cardano’s promise or just fear missing out on the gains. It’s billed as a better Ethereum, which has emerged as the innovation hub for projects ranging from DeFi to NFTs, efforts to issue digital art on blockchain. With transaction fees on Ethereum high, developers have been looking at alternative networks such as Cardano and rivals Tron and Polkadot.\n“We did it right, but it meant we were one of the last ones to get to market,” Hoskinson said. He said he doesn’t know why Cardano’s value suddenly shot up.\n“It’s been a wild ride, broke to a billionaire in eight years is pretty crazy,” Hoskinson said.\nHoskinson said Cardano’s blockchain security and governance are superior to Ethereum, and should allow for applications such as voting and supply-chain tracking. He is less interested in decentralized exchanges such as Uniswap and collectible art like digital cats.\n“My goal is to run countries on this blockchain,” Hoskinson said. “I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes and it goes, like Pet Rocks and Beanie Babies.”\nMore than 100 companies are “in the pipeline,” looking to shift from Ethereum to Cardano when its functionality matures, he said.\n“You can take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost,” he said.\nHoskinson dove into crypto as a disenfranchised 20-something, who wanted to see heads roll on Wall Street after the financial crisis -- and they didn’t. After he stumbled onto the Bitcoin white paper in 2010, he looked at all the references it cited, and concluded that Bitcoin will fail. Still, he started mining the cryptocurrency, most of which he said he gave away or spent.\nHoskinson started the for-profit company IOHK in 2015 to develop Cardano and other cryptocurrency projects. The effort was funded by several large angel investors and through an initial coin offering in Asia that raised about $70 million. IOHK received 8% of the coin supply, plus about $30 million in cash to write code for Cardano over a three-year period, Hoskinson said. IOHK now has about 300 employees and contractors, Hoskinson said.\nWhile 12 companies are working on Cardano development, IONK is the largest, he said. Between 2018 and October 2020, the average number of developers actively working on Cardano has roughly doubled, according to tracker Electric Capital, which calls this growth “modest.”\n“My job is to set it all up,” Hoskinson said. “What I can be is a kind of Steve Wozniak to Apple. Pass iPhones at the store.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":54,"commentSize":22,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}