Recent reports have it that the co-founder of Cardano (ADA) CEO and Ethereum (ETH) Charles Hoskinson has been appointed by predictive analytics company Endor. The Blockchain based outfit announced Hoskinson’s appointment via a press release on February 4 Smartereum understands.
Ethereum (ETH) Price Today – ETH / USD
Established in 2014, Endor says it is the first of its kind as an automated predictions engine that focuses on the area of business decision-making through a Blockchain-powered and artificial intelligence (AI)-based analytical platform. In spring of last year, the company reportedly raised up to $45 million via a token pre-sale for its predictive analytics tech.
Hoskinson to Serve as a Senior Supervisor at Endor
As per the press report, Endor has decided to higher Hoskinson to work as a senior advisor. His duties will be to provide guidance and counseling with respect to the digital asset sector, decentralization, and implementation of Blockchain strategies. Additionally, Hoskinson is also going to lead a new project, which hasn’t been revealed yet.
From the press release, Smartereum understands that the co-founder and CEO of Endor Yaniv Altshuler stressed that Hoskinson’s expertise gotten from his work on the decentralized public Blockchain and crypto projects Cardano (ADA) and Ethereum (ETH) made him ideal for the position. Altshuler also talked about Hoskinson’s involvement in upcoming projects.
Hoskinson’s Thoughts on the Crypto Market
Recently, Hoskinson declared that the crypto market might need 11 years to rise back to the highs from 2017 and the sector will be a “dramatically different space at that point.” According to the newly recruited supervisor at Endor, the industry will have “ millions, or billions” of users, going on to stress that one of the major points for the evolution of digital assets is to draw in institutional investors into the space.
Hoskinson’s recent declaration also echoes the remarks he made on Twitter last June, claiming that the coming of Wall Street to the crypto space will bring “tens of trillions of USD.” When asked what exactly the crypto community is building by a commentator, Hoskinson said “an entirely new world.”
Exchanges Experience Lowest Trade Volume Since 2017
In other reports in the cryptocurrency ecosystem, trading volumes on the digital asset exchanges have purportedly dipped to record new lows as of January 2019. This report is based on an analysis published by Diar a crypto and Blockchain research firm on February 4.
Since the start of the New Year, digital asset exchanges have reportedly been recording lower trade volumes. This new development has resulted in the exchanges recording new lows that were last recorded two years 2017.
Diar, the crypto and Blockchain research startup that gave the analysis, further notes that this has gradually become one of the worst periods for the world’s leading exchange by trading volume adjusted, Binance. Binance’s Bitcoin (BTC)/USD market is said to have reduced by over 40%, which is appalling when compared to that of December last year.
Finally, as for the major U.S crypto exchange Coinbase, its BTC/USD trades is reportedly also experiencing new lows as well. These lows have not been observed in the space since May 2017, were loses to the tune of $1 billion were recorded.