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Cardano (ADA) founder dismisses allegations of Ripple internship, seeks reconciliation with XRP community

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TL;DR Breakdown

  • In response to allegations that he had served as an intern at Ripple, Charles Hoskinson of Cardano has denied this and stated that Vitalik Buterin, an Ethereum co-founder, was involved.
  • Vitalik Buterin, the co-founder of Ethereum, could not obtain the internship position at the cryptocurrency payment startup due to visa issues.
  • In an effort to promote cooperation, Hoskinson and the XRP community are working to mend their formerly acrimonious relations.

Description

Charles Hoskinson, the creator of Cardano, has addressed claims about his claimed prior internship with Ripple and clarified that he never worked for the blockchain company in any capacity. This is a surprise development. The information was revealed as Hoskinson tried to reach a settlement with the XRP community amid ongoing legal disputes and regulatory … Read more

Charles Hoskinson, the creator of Cardano, has addressed claims about his claimed prior internship with Ripple and clarified that he never worked for the blockchain company in any capacity. This is a surprise development. The information was revealed as Hoskinson tried to reach a settlement with the XRP community amid ongoing legal disputes and regulatory worries.

Did Ripple host Charles Hoskinson’s internship?

A few social media accounts and internet forums started spreading rumors about Charles Hoskinson’s purported internship at Ripple, which is when the controversy around it started. Some others hypothesized that this connection could account for how Cardano and Ripple’s ambitions and aspirations are becoming increasingly in line. However, as Hoskinson himself pointed out, these allegations were unfounded.

Charles Hoskinson openly addressed the speculation over his purported internship position at Ripple in a video message posted on his official YouTube channel. He adamantly denied having ever been an intern for Ripple, making it clear that he has never been associated with the business in any way. Hoskinson expressed his displeasure at the proliferation of incorrect information and underlined the significance of truthful reporting in the Bitcoin industry.

Despite his previous amorous efforts toward Ripple, Buterin has repeatedly opposed XRP. In 2020, he called XRP a shitcoin. Buterin later stated that the crypto asset had lost its claim to industry protection since its community accused Ethereum of being “China-controlled.”

Furthermore, in a December 2022 interview with Bankless, Buterin indicated that Ripple’s XRP was totally centralized.

Relationship between Hoskinson and Ripple’s XRP army

Hoskinson could not be affiliated with Ripple, but he has had a rocky relationship with the XRP community in the past, calling them “toxic and petty.”

After challenging their interpretation of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple, Hoskinson has earned the wrath of the XRP Army. The founder of Cardano claims that the lawsuit is a coordinated assault on the crypto sector, contrary to the XRP Army’s assertion that the SEC singled out the company because of corruption.

The founder of Cardano made a peace offer to the XRP community amid the regulatory assault on the crypto industry. The SEC identified ADA as a security in the action it filed against Coinbase and Binance.

Hoskinson and the Cardano Foundation have strenuously disagreed with this categorization, though.

Hoskinson stated his desire for peace with the XRP community and refuted the Ripple internship claims. Both Cardano and Ripple seek to use blockchain technology to change the financial sector, despite differences in strategy and technology. Hoskinson stated his readiness to work together and have a good relationship in the future while recognizing the power and zeal of the XRP community.

Hoskinson stressed the significance of cooperation within the crypto sector, as it would eventually help the widespread adoption of blockchain technology. He urged greater collaboration, candid communication, and idea sharing for the industry to advance. Hoskinson’s announcement attempted to bring Cardano and Ripple fans together and refute myths that had been going around.

The current dispute around Charles Hoskinson’s purported internship at Ripple highlights the difficulties caused by false information and rumors in the Bitcoin ecosystem. However, Hoskinson’s prompt response and emphatic denial have clarified the situation. He also shows a dedication to fostering unification in the crypto industry by calling for reconciliation and cooperation with the XRP community.

Going forward, it is critical that the Bitcoin community concentrate on encouraging positive dialogue and creating links between various initiatives and communities. The sector can work towards accomplishing its shared objective of using blockchain technology to revolutionize global finance by putting aside unfounded allegations and embracing cooperation.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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