Charles Hoskinson, the founder of Cardano, reckons only legit cryptocurrencies will make it through the current market mess. He's not mincing words. In an X post on August 5, Hoskinson warned of a potential domino effect. Japan's economic woes could spill over into broader markets, including crypto. But he's not all doom and gloom. "Japan blowing up could cascade into the greater markets, including crypto on the short term," Hoskinson wrote. He added, "Moonboys will flood X and bark like babbling idiots about how project founders have failed and are evil; regardless, the macroeconomic caravan goes on." Hoskinson believes short-term market jitters are par for the course. The long-term outlook for cryptocurrencies remains rosy, especially for those with "integrity and utility". His stance reflects a growing sentiment in the crypto world. The industry is maturing beyond mere speculation. Current market conditions will separate the wheat from the chaff. Only cryptocurrencies offering real value will survive. Hoskinson remains bullish on the long-term prospects for cryptocurrencies. He argues they represent a fundamental shift away from traditional fiat systems. Hoskinson's comments come amid a global market sell-off. On Monday, Japan's Nikkei plunged 12%. It's the biggest one-day drop since the Black Monday crash of 1987. The rout spread like wildfire. Asian markets fell first, then European and U.S. markets followed suit. South Korea and Taiwan saw stock market declines exceeding 8%. U.S. markets opened with major losses. The Dow Jones fell over 1,000 points. The NASDAQ dropped 6%. The S&P 500 decreased 4.2%. European markets slumped to a 6-month low. The crypto market isn't faring any better. Bitcoin, the big daddy of cryptocurrencies, fell 15.72% in 24 hours. It dropped from around $60,896 on August 4 to $51,325 on August 5. It's since recovered slightly to $55,114 at the time of writing. Other crypto assets like Ether, Solana, and Cardano also took a beating. They experienced substantial price drops. The Crypto Fear & Greed Index paints a grim picture. It plummeted into 'Extreme Fear' territory, hitting a dismal score of 17 out of 100. It's the lowest since July 12, 2022. This index is a key indicator of market mood. Its current reading underscores the bearish sentiment among investors. The crypto world is holding its breath. In this climate, Hoskinson's words carry weight. The market might be in turmoil, but he's betting on substance over hype. Only time will tell if he's right.

Charles Hoskinson, the brains behind Cardano, has thrown Elon Musk a lifeline. The blockchain whiz wants to tackle X's bot invasion for free. Hoskinson's pitch? Decentralized Identifiers (DIDs). He reckons they're the silver bullet for X's woes. "Elon, we need DIDs integrated into X. It solves all of these problems," Hoskinson tweeted on Tuesday. "Again, I'll do it for free." His offer comes on the heels of a high-profile hack. Ben Goertzel, SingularityNet's CEO, fell victim to scammers who hijacked his account. But not everyone's buying what Hoskinson's selling. Timothy Ruff, a bigwig at Digital Trust Ventures, threw cold water on the idea. Ruff argued that blockchain-based DIDs aren't truly decentralized. He questioned their suitability for X. Hoskinson fired back. He clarified that he's not pushing Cardano specifically. Instead, he's backing a "blockchain agnostic" solution based on W3C standards. "It's in Scala like their software. It's an easy lift," Hoskinson explained. He claims it'll boost security and kick out the bots. The debate got technical fast. Ruff and Hoskinson traded jabs about DIDs, blockchains, and identity stacks. Meanwhile, Seira Yun, a Cardano cheerleader, chimed in. He boasted about using similar tech in his own project, Socious Wallet. As of now, Musk hasn't bitten. The X owner is keeping mum on Hoskinson's offer.

Chronoshot, a Cardano-powered sci-fi shooter, has been added to the Epic Games Store wishlist. This marks a significant milestone for the game developer and the ADA ecosystem. Charles Hoskinson, Cardano's founder, celebrated the achievement. His wording was plain, but powerful. "Cardano Games on Epic makes me happy," Hoskinson said. The game introduces a unique mechanic. Time only progresses when the player moves. This allows for strategic gameplay and increased tactical depth. Chronoshot is currently in early access. It's available for wishlisting on the Epic Games Store, a leading digital distribution platform. RFLXT, the development company, shared details on X. "Big news! Chronoshot is now available for wishlisting on Epic Games joining Chains of War & Flux Point Studio," they announced. The company is opting for an open beta approach. This decision aims to involve the community directly in the development process. It's a move towards greater transparency and user feedback. "We want as many people as possible to see what we're doing," RFLXT stated. RFLXT plans deeper integration with Epic Games. This will allow for crossplay and seamless gameplay continuity. The company is also launching a beta for their platform with Chronoshot and partner Cardano games. The game utilizes Cardano blockchain for dynamic NFTs. These provide new leveling mechanisms for characters. Importantly, these NFTs don't offer competitive advantages, unlike one could think. Chronoshot's Early Access version features two single-player modes. Multiplayer mode will be introduced shortly after launch. The full release is targeted for the end of 2024. And it will be highly anticipated, don't you doubt. No external wallet is required to play Chronoshot. However, users can connect one if they choose. The game will remain free at full launch, with optional cosmetic items available for purchase. It's a big deal for Cardano to get a foot in the door of the gaming world. Let's see if they can level up from here.

Charles Hoskinson, Cardano's founder, provided an update on the blockchain's progress and the upcoming Chang hard fork. He spoke from his Wyoming ranch during a live Ask Me Anything session. Hoskinson reflected on recent challenges. "It's been a very long last few years," he said. The ecosystem faced obstacles, particularly in governance. However, these were overcome. A key achievement was completing CIP 1694. This took about two years. It's crucial for Cardano's infrastructure advancement. The Chang hard fork is nearly ready. Node 9.0, essential for the fork, is almost complete. "What's exciting about node 9.0 is, it's the Chang Hard Fork. It's basically there," Hoskinson stated. The new node follows version 8.2.2. It's been refined for compatibility and stability. Release is expected next week. Hoskinson cautiously added, "Monday or Tuesday the signal for the upgrade will come if nothing gets discovered – knock wood." The Chang hard fork is pivotal for Cardano. It marks the transition to the Voltaire phase. This phase focuses on governance. A network node density of 70% will trigger the fork. Hoskinson discussed future complexities. The Basho era concerns network scalability and optimization. It requires substantial community input. Decisions involve balancing on-chain and off-chain data handling. "Basho is a very multi-dimensional thing," Hoskinson explained. It involves trade-offs between various technical aspects. These include on-chain sharding and transaction processing adjustments. Future milestones were outlined. These include Plutus V3, Hydra, Leios, and Mithil. They're candidates for the next governance vote. This vote will shape Basho's final state and resource allocation. Hoskinson celebrated Cardano's progress. "It's been almost 10 years," he reflected. The platform has evolved significantly. It's moved from a static, federated system to a dynamic, decentralized one. The community now has increasing control over the roadmap. Despite technical difficulties, Hoskinson promised to continue discussions. He plans to address unresolved questions from his office on Monday.

The Cardano Foundation has released sustainability indicators for its blockchain network to align with Europe's Markets in Crypto-Assets (MiCA) regulation, required for operating in the EU. The release was made in partnership with the Crypto Carbon Ratings Institute (CCRI). The timing is significant. It comes six months before MiCA's second phase implementation for crypto asset providers. The first phase, targeting stablecoins, took effect on June 30, and has already brought some serios troubles to Tether and other issuers. Inability or unwillingness to comply with MiCA results in a ban to operate in EU. MiCA requires crypto asset issuers and service providers to disclose sustainability indicators. The Cardano Foundation and CCRI collaborated to meet this requirement. The result is a comprehensive report on Cardano's sustainability indicators, which turned out to be rather impressive. Cardano indeed uses an energy-efficient consensus protocol that consumes much less energy than Proof-of-Work blockchains like Bitcoin. As of May 2024, Cardano's network energy consumption was 704.91 MWh. This translates to 0.192 W per transaction per second (TPS). The report also discloses Cardano's carbon footprint. The annualized figure is 250.73 tCO2e. The carbon intensity of consumed electricity is 356 gCO2 per kWh. These metrics align with MiCA's draft regulatory technical standards. In many ways, Cardano sets a benchmark for other blockchain networks with this report. Frederik Gregaard, CEO of the Cardano Foundation, commented on the initiative. He said, "There is a growing need to address sustainability in the crypto space." Gregaard believes the CCRI partnership will help Cardano meet MiCA's requirements. Dr. Ulrich Gallersdörfer, CTO and co-founder of CCRI, also weighed in. He stressed the importance of scientific methodologies and real-world data. These are crucial for measuring and managing blockchain networks' environmental impacts. The report sets a precedent in the crypto industry. It demonstrates a proactive approach to regulatory compliance and environmental responsibility.