Cardano Founder Calls Crypto ‘An Escape Valve’ For Those Hit By Banking Turmoil

Cardano (CRYPTO: ADA) founder Charles Hoskinson debunked the idea that cryptocurrency was to blame for the banking crisis, going so far as to say that digital assets have become an “escape valve” for those affected. What Happened: In a live stream on Tuesday, Hoskinson, who is also the co-founder of Ethereum (CRYPTO: ETH)  spoke about legacy banking — warning of the current issues seen as a natural consequence of this Ponzi-style system.