Charles Hoskinson, founder of Cardano, joins search for aliens and UFOs.

The founder of Cardano, Charles Hoskinson, has confirmed on Twitter that he is part of an expedition that is searching for a “meteor of interstellar origin” that crashed onto Earth from outer space in 2014.

The United States Department of Defense verified the origin of the meteor back in 2019, and the search for it is being conducted by the Galileo Project, which is a part of Harvard University.

The project is led by Harvard professor Avi Loeb and his student Amir Siraj.

Cardano founder invests in search for aliens

Back in March 2023, Charles Hoskinson, the founder of Cardano, invested $1.5 million in the Galileo Project.

On June 16th, Hoskinson confirmed his presence with the researchers on the coast of Papua New Guinea in the Pacific Ocean, sharing updates through a series of Tweets.

In one of his tweets , he mentioned that there was still much ground to cover and that they hadn’t yet started using the sluice sled.

Meanwhile, Loed, another member of the expedition, is maintaining a blog where he provides daily updates on the progress of the expedition so far.

In a post dated June 16th, he mentioned the discovery of a manganese-platinum wire with a unique abundance pattern that differs from commonly available commercial products.

The scientists involved in the expedition have a strong belief in the existence of alien life and speculate that the meteor that crashed into the ocean is actually a fragment of an unidentified flying object.

Cardano founder invests in more fun projects

Hoskins is known for investing in quirky, fun projects that look to overstep the boundaries of the known.

In March 2022, the Cardano founder said that he invested in a project aiming to resurrect the woolly mammoth with aims of bringing blockchain into the “field of de-extinction”.

How is ADA holding up?

Cardano’s native cryptocurrency, ADA, has experienced a decline in value over the past few weeks. According to CoinMarketCap data, the token has lost approximately 1.72% of its value in the last week.

From June 1, 2023, when it was priced around $0.3751, ADA has dropped to about $0.2766 on June 18, 2023, marking a decrease of 18.9% this month.

The recent bearish price action of ADA can be attributed to the ongoing lawsuits faced by Binance and Coinbase from the US Securities and Exchange Commission (SEC).

These legal challenges have caused concerns among investors, leading some to sell the cryptocurrency they were holding, including ADA.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Market

AltSignals outlook amidst Huobi insolvency rumors and crypto market slowdown.

Justin Sun, the visionary founder of TRON, has boldly refuted any unfounded rumors surrounding Huobi's financial stab...

News

Shady Transactions Raise Eyebrows as $110 Million Evaporates from HECO Bridge and HTX Exchange – What in the Crypto World is Happening?

Recent blockchain breaches on the HECO bridge and HTX platform have been reported by security firms, resulting in an ...

DeFi

Curve's value increases by 22% as the founder sells CRV tokens to repay an Aave loan.

Curve experiences significant growth, with a 22% increase, thanks to the founder's successful sale of CRV to influent...

DeFi

Justin Sun's platform, Poloniex, was hacked for over $100 million. The hackers then bought TRX, causing its price to skyrocket.

Poloniex lost over 114 million USD to a hacker attack, with the hacker using the stolen funds to purchase TRX, causin...

Policy

New name HTX raises eyebrows in Huobi community

Huobi is excitedly marking its impressive 10th anniversary by embarking on a bold marketing campaign – a rebranding i...

DeFi

Decentralized Finance and the Rise of Liquid Restaking Tokens (LRTs) on Ethereum

The emergence of popular liquid restaking platforms such as Puffer and Ether.Fi has generated billions of dollars in ...