C. Hoskinson Criticizes Coinbase for Not Mentioning Cardano in 2023 Crypto Outlook Report

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Cardano (ADA) founder Charles Hoskinson criticized crypto exchange Coinbase for not mentioning the platform in its 2023 market outlook report. likely to dominate the crypto market in 2023 after a prolonged winter in 2022.

Along those lines, in a December 21 tweet, the Ethereum (ETH) co-founder criticized Coinbase for not incorporating Cardano, calling the omission “rather sad.”

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

Hoskinson’s disappointment with Cardano’s omission from the report matches his previous sentiments, where he argued that the platform was not getting enough credit amid ongoing network developments.

Hoskinson on Cardano attacks

For example, the founder of Cardano previously warned that the network would likely come under attack after Ethereum moved to proof-of-stake (PoS) after the Merge upgrade. According to Hoskinson:

“Now begins the era where everyone assumes that all proof of stake works like Ethereum’s proof of stake. Maxis will attack Cardano for cutting and labeling all Ethereum’s problems as ours.

Coinbase Outlook 2023

Elsewhere in the report, Coinbase predicts that in 2023, institutional investors will continue to grow their position in the crypto space alongside the emergence of creative destruction that will likely usher in a new cycle for digital asset 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 said the regulatory landscape for crypto will likely become clear in 2023, thanks to institutional demand for better governance.

Hoskinson Decision on XRP

Meanwhile, Hoskinson came from the crypto community, especially XRP fans, who accused him of siding with the Securities Exchange Commission (SEC) in his case with Ripple.

Along those lines, as Finbold reports, Hoskinson decided not to comment on any topics regarding XRP and Ripple over what he called vicious community attacks.

Despite its absence from the report, Cardano is seeing significant development on different fronts as the platform aims to increase cryptocurrency adoption. For example, Cardano has seen growth in the number of staking addresses and smart contracts.

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