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Security Talk Leads to Surprise $100M Cardano DeFi Proposal from Charles Hoskinson


by Peter Mwangi
for CoinEdition
Cardano (ADA) founder Charles Hoskinson proposes a $100 million fund to support the network's DeFi ecosystem.
  • Cardano community discusses hot wallet security after FluidTokens Lending V3 audit release.
  • Hoskinson proposes a $100M ADA allocation to boost Cardano’s DeFi ecosystem and stablecoin use.
  • ADA trades at $0.85 amid debate on liquidity impact of large-scale treasury allocation.

A community discussion about hot wallet security in the Cardano ecosystem recently prompted founder Charles Hoskinson to weigh in. The conversation itself was sparked by the release of a new audit report for the DeFi platform FluidTokens.

It all started when a community member, MadMusicMaker, asked Hoskinson for the best way to secure funds in a hot wallet, acknowledging the risks but asking for practical advice. This question came after several recent incidents where scammers had targeted Cardano project team members. Another participant, Bobcorn, pointed to a specific case where victims were tricked into downloading a fake Zoom application, which led to compromised devices and exposed wallet seeds.

He recommended avoiding unfamiliar links and refraining fro…

The post Security Talk Leads to Surprise $100M Cardano DeFi Proposal from Charles Hoskinson appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Cardano (ADA) Price Prediction for August 14

Cardano (ADA) Price Prediction for August 14

The Cardano price today is holding around $0.849, gaining nearly 1% intraday as buyer...
Cardano (ADA) Price Prediction for August 12

Cardano (ADA) Price Prediction for August 12

The Cardano price is stable around $0.812 today, just below a group of resistance at ...

Security Talk Leads to Surprise $100M Cardano DeFi Proposal from Charles Hoskinson


by Peter Mwangi
for CoinEdition
Cardano (ADA) founder Charles Hoskinson proposes a $100 million fund to support the network's DeFi ecosystem.
  • Cardano community discusses hot wallet security after FluidTokens Lending V3 audit release.
  • Hoskinson proposes a $100M ADA allocation to boost Cardano’s DeFi ecosystem and stablecoin use.
  • ADA trades at $0.85 amid debate on liquidity impact of large-scale treasury allocation.

A community discussion about hot wallet security in the Cardano ecosystem recently prompted founder Charles Hoskinson to weigh in. The conversation itself was sparked by the release of a new audit report for the DeFi platform FluidTokens.

It all started when a community member, MadMusicMaker, asked Hoskinson for the best way to secure funds in a hot wallet, acknowledging the risks but asking for practical advice. This question came after several recent incidents where scammers had targeted Cardano project team members. Another participant, Bobcorn, pointed to a specific case where victims were tricked into downloading a fake Zoom application, which led to compromised devices and exposed wallet seeds.

He recommended avoiding unfamiliar links and refraining fro…

The post Security Talk Leads to Surprise $100M Cardano DeFi Proposal from Charles Hoskinson appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Cardano (ADA) Price Prediction for August 14

Cardano (ADA) Price Prediction for August 14

The Cardano price today is holding around $0.849, gaining nearly 1% intraday as buyer...
Cardano (ADA) Price Prediction for August 12

Cardano (ADA) Price Prediction for August 12

The Cardano price is stable around $0.812 today, just below a group of resistance at ...