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Cardano founder Charles Hoskinson is considering retiring from the social media platform Twitter ‘if there is no path to verify’.
Such a move would put an end to unscrupulous individuals impersonating him to defraud the Cardano community, according to Hoskinson. He also pointed out the lack of action from Twitter’s support team through the following tweet:
If there is no path to verification, then I’m considering leaving Twitter. It seems to be the only way to resolve the impersonation issues. I’m disappointed with @Twitter They just don’t seem to care about fraud, scams, and impersonation.
– Charles Hoskinson (@IOHK_Charles) March 16, 2021
The rise of scammers targeting the Cardano community is a result of ADA’s rise to become the third-most-ranked digital asset by market cap in the past few years.
Over the past few weeks, Cardano has outpaced heavyweights like Binance Coin (BNB), XRP, Polkadot and Litecoin to take third place, behind only Ethereum and Bitcoin.
Cardano’s success can be attributed to the recent Mary upgrade. This mainnet upgrade event has turned Cardano into a multi-asset platform, allowing users to create custom tokens like NFT without using a smart contract.
Furthermore, institutional demand for Cardano is likely to be about to increase due to Cardano’s recent market activity. Proof of this can be found in the fact that Cardano has been added to the Bloomberg terminal, as well as Mike Novogratz of Galaxy Digital tweeting about ADA:
Last question before I go shower, can anyone make a real bull case for $ ADA? Does anyone build on it? Use it? Why is market cap so high? Should it be a funding asset? It’s one of the few cryptos I haven’t traded in my life.
– Mike Novogratz (@novogratz) March 9, 2021
In addition to that recently, Coinbase Pro announced that the exchange will list ADA. Cardano users and investors can now submit their ADA to Coinbase Pro with trading expected to commence Thursday, March 18.
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