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C. Hoskinson slams Coinbase for not mentioning Cardano in 2023 crypto outlook report

C. Hoskinson slams Coinbase for not mentioning Cardano in 2023 crypto outlook report

Cardano (ADA) founder Charles Hoskinson has taken a swipe at crypto exchange Coinbase for its failure to mention the platform in its 2023 market outlook report. Notably, the report by Coinbase overviewed themes likely to dominate the crypto market in 2023 after an extended winter in 2022. 

In this line, in a tweet on December 21, the Ethereum (ETH) co-founder slammed Coinbase for not incorporating Cardano, terming the omission as ‘pretty sad.’ 

“Not a single mention of Cardano. Pretty low and pretty sad. I honestly expected better,” he said. 

Hoskinson’s disappointment with Cardano’s omission from the report aligns with his previous sentiments, where he has argued that the platform is not receiving sufficient credit amid the ongoing network developments. 

Hoskinson on Cardano attacks

For instance, the Cardano founder had earlier warned that the network would likely be attacked after Ethereum shifted to the proof-of-stake (PoS) following the Merge upgrade. According to Hoskinson: 

“Now begins the Era of everyone assuming that all Proof of Stake works like Ethereum’s Proof of Stake. The maxis will attack Cardano for slashing and label all the Ethereum problems as ours.”

Coinbase 2023 outlook 

Elsewhere, in the report, Coinbase projected that moving into 2023, institutional investors will continue increasing their position in the crypto space alongside the emergence of creative destruction that will likely usher in a new cycle for the digital assets markets.

“However, it is not all bad news. This environment has helped cryptocurrencies pull back from their speculative fervor and paves the way for new innovations in the asset class,” Coinbase said. 

At the same time, the exchange stated that the crypto regulatory landscape will likely become clear in 2023, led by institutions’ demand for better governance. 

Hoskinson’s decision on XRP 

In the meantime, Hoskinson has come under from the crypto community, specifically XRP fans, who accused him of siding with the Securities Exchange Commission (SEC) in its case with Ripple

In this line, as reported by Finbold, Hoskinson resolved not to comment on any topic regarding XRP and Ripple over what he termed vicious attacks from the community. 

In spite of its absence from the report,  Cardano is undergoing significant development on different fronts as the platform aims to increase the adoption of cryptocurrencies. For instance, Cardano has recorded growth in the number of staking addresses and smart contracts.

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