Hoskinson disclaims any responsibility for the controversial “Ether Speech”
Charles Hoskinson, one of Ethereum’s creators, has denied any wrongdoing in the “Ether speech” debate.
Cardano’s developer and an Ethereum co-founder Charles Hoskinson has rushed to Twitter to deny any role in the “Ether speech.” The charges implied that officials looked the other way on Ethereum while scrutinising other cryptocurrencies.
Hoskinson responded quickly to the allegations, denying his participation and providing further context. He pointed out that the mentioned emails and other materials were all from 2018, far after he had left the Ethereum team in June of that year.
Hoskinson distanced himself from the scandal by emphasising that the actions in question had place long after he had left the company. He categorically denied involvement, saying, “You got beef with Uncle Joe not Charlie.”
Due to its current price below the 200SMA, ADA’s candlesticks may be entering a bearish trend. In addition, the RSI keeps dropping following the bearish crossing, suggesting that sellers are still active and the indicator may soon reach the oversold zone. Since the candlesticks have been trading below the SMA indicator, the current 200SMA might be the next objective for ADA.
The price of ADA may shortly correct downwards, as the candlesticks are now testing the lower Bollinger Bands. There is an opportunity for a market shift if ADA’s price drops below the 200-day simple moving average (SMA). However, ADA has to show symptoms of a trend reversal before its bull run can be confirmed.