HOSKINSON PISSED OVER

CARDANO (ADA) ETORO

DELISTING!
eToro has surprised crypto investors by announcing it will delist cardano's ada
token and the TRON Foundation's tron token for US customers from December 26.
The Israeli exchange cited regulatory concerns as the reason for its decision to
delist the two cryptocurrencies. From Boxing Day, US-based users will no longer
be able to buy ada or tron, while staking for those assets will end on December 31.
If you want to know more about this, then I suggest you keep on watching
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Hello, and welcome to our YouTube channel. In today’s video, we will be talking
about Cardano’s eToro delisting!

Cardano founder Charles Hoskinson told followers this week on Twitter that
eToro's decision to delist the ada token for US customers had come as a complete
surprise to him.
eToro, an online trading platform based in Israel, said it would delist ada, along
with the TRON Foundation's trx token for customers in the United States by
December 26. eToro first added ada to its crypto offering in 2018. The exchange
told Insider the rapidly shifting regulatory landscape was behind its decision to
limit the ability of US customers to open new positions in the two digital
currencies.
Cardano is a third-generation, decentralized proof-of-stake (PoS) blockchain
platform designed to be a more efficient alternative to proof-of-work (PoW)
networks. Scalability, interoperability, and sustainability on PoW networks like
Ethereum are limited by the infrastructure burden of growing costs, energy use,
and slow transaction times.
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click the notification bell right now because if you don’t, you will also get delisted
from your family!

Moving on…
The price of Cardano (ADA) has recovered slightly, after crashing from $1.80 just
over a week ago. It jumped by about 6 per cent on Thursday before taking a slight
dip, and is now valued at $1.67. Cardano had been declining over the last month,
after reaching a record high of almost $3 back in September.
The crash was likely down to trading platform eToro announcing it will delist the
coin by the end of the year in the United States due to regulatory concerns.
Users will still be able to close existing positions, but will not be able to open new
ones. The platform said: “US users will not be able to open new ADA or TRX
positions starting on 26 December 2021. Additionally, staking for those assets will
end on 31 December 31 2021.
“These changes are due to business-related considerations in the evolving
regulatory environment.”
"The regulatory landscape for crypto is evolving rapidly," an eToro spokesperson
told Insider. "As a result, we will be limiting the ability for US users to open new
positions in, or earn staking rewards for, ADA and TRX."
Cardano, has surged this year but struggled in recent months. Ada rocketed from
18 cents at the start of 2021 to an all-time high of $3.10, but has since collapsed to
$1.70. It is still the sixth-largest cryptocurrency by market capitalization.
"Above all, we are disappointed to take this step," an eToro representative said.
"eToro will continue to be active supporters of the crypto ecosystem."
The news came as a surprise to the crypto community, particularly after
Luxembourg exchange BitStamp announced it would list cardano last week.
Hoskinson downplayed concerns.
"We didn't even get delisted," he tweeted, in response to a comment about the
BitStamp listing. "Ada is still on etoro and non-US customers can freely trade."
eToro also announced it will delist tron, the native token for Chinese-American
entrepreneur Justin Sun's TRON Foundation. Tron's price has risen from 3 cents to
10 cents this year, and it is currently the 30th-largest cryptocurrency by market
value on CoinMarketCap.
Cardano founder Charles Hoskinson says he was 'blindsided' by eToro's decision to
delist ada for US customers
Many critics have argued that the regulatory landscape in the US for crypto is not
clear yet but officials do believe that regulation is necessary and more policies are
set to be put in place by 2022.
Hoskinson, who founded cardano in 2015, said that he still needed further
clarification on the trading platform's decision to delist ada for US customers.
"There's currently nothing we've received, no regulatory event, no subpoena,
nothing from any regulatory agency, no threats of lawsuits, none of these things,
that's why we're so blindsided by it, because actually, the trend has been over the
last six months a significant increase of liquidity on cardano," Hoskinson said.
"On our side, we had no indication of this from eToro and it's rather unfortunate
that nothing was sent our way," he said.
The decision knocked almost 4.8% off the value of the ada token and sent it to
three-month lows, while trx fell 5% to a one-month low on Wednesday,
But ada has still been one of the top-performing cryptocurrencies of 2021. It's
gained around 850% so far this year, which has made it the world's sixth largest
digital token by market value. It's fallen short of the 14,000% gain in rival solana's
sol token this year, but has roundly beaten bitcoin's 102% rally.
It's a smaller competitor to the ethereum network, thanks to its capability of
hosting smart contracts and other applications that are key to decentralized finance.
Cardano's ada has been listed by some of the biggest exchanges. It was listed on
Coinbase on March 19 this year and on Binance in 2017, and Kraken listed it in
2018. Bitstamp decided to list ada last Thursday. The altcoin is not listed on
Gemini yet.
"We at least could have better understood the reasons and we'll of course reach out
on our side to better understand reasons but it's primarily the foundation's
responsibility," Hoskinson said, referring to the Cardano Foundation, a non-profit
organization in Switzerland that is the custodian of the Cardano brand.
While eToro's decision came as a surprise, Hoskinson was ultimately sanguine.
“It doesn't surprise me from the perspective of these things happen. Everybody has
a different compliance desk. Everybody has a different regulatory tolerance.
Everybody has a different customer base," he said.
Meanwhile, there are three upcoming DEXs on Cardano to look out for. Just a
couple of weeks after SundaeSwap announced that the decentralized exchange had
processed its first ever transaction on the Cardano (ADA) blockchain, the hype has
since died out, and ADA is ranging in anticipation for user activity to pick up
steam.
If you’re unfamiliar with decentralized exchanges, they are essentially an
application accessible through smart contracts running on a blockchain, which
enable financial services, such as trading tokens or lending and borrowing,
traditionally facilitated by a centralized authority.
Now, these are three potential Cardano DEXs that could drive new users to the
network.
Starting with the most well-known, SundaeSwap is the first Cardano-native DEX
on the list. With the largest social media presence amongst all competitors and its
first processed transaction under the exchange’s belt, SundaeSwap could certainly
be positioned to capture the largest portion of the market.
The DEX is planning to offer a broad range of decentralized financial (DeFi)
products, like swaps, order book trading, and “more toppings” – which could refer
to additional features like staking pools.
In an interview with SundaeSwap’s lead developer Pi Lanningham, he says that the
team has finished the first phase of its design audit, but they are still optimizing
SundaeSwap’s code to increase the upper limit of transactions.
While he doesn’t give a clear launch date, he mentions that the team is actively
looking for digital wallets to partner with that can properly integrate with the DEX.

ErgoDEX
Ergo is a typical automated-market-maker protocol (AMM) that has close ties to
the Cardano team and founder Charles Hoskinson. If you’re unfamiliar with an
AMM, it works like a traditional DEX, however, rather than transacting with
individual token holders, users can swap tokens held within an existing pool that is
funded by the DEX network.
The DEX is planning to integrate an order book feature to its platform, allowing
users to interact and trade on the exchange in a familiar fashion to its centralized
alternatives.
Hoskinson has highlighted Ergo multiple times in the past on various live streams,
suggesting that the teams may have tighter connections than Ergo’s competition.
The last DEX to pay attention to is OccamFi. The team at OccamFi also has
official links to the Cardano team from both the development and investment
perspective, and have even worked with EMURGO, the makers of ErgoDEX, to
bring similar DeFi features to Occam. The platform wants to extend beyond just a
decentralized exchange to become a DeFi ecosystem to onboard new developments
teams to build decentralized applications (dApps) on their platform.
One of the platform’s flagship products, Occam Razer, is a Cardano-based
launchpad that will enable investors to invest in initial direct offerings (IDOs) and
other new token launches.
Unlike other Cardano DEXs, OccamFi’s native token is already available to trade
on the Ehtereum-native DEX Uniswap. Currently, the token is holding a modest
market cap of just $84 million, trading at $5.25.

OUTRO
So there you have it. What can you say about Cardano’s delisting on eToro? Let us
know your thoughts in the comment section down below.
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