Elon Musk

<ul>
 <li><strong>Charles Hoskinson’s new platform aims to provide Brazil with a censorship-resistant social media solution amid government crackdowns on traditional platforms.</strong></li>
 <li><strong>This move highlights Cardano’s broader mission of decentralization and could enhance Cardano’s visibility and influence in global digital governance.</strong></li>
</ul>
<p>Alongside recent developments like Cardano’s preparation for a major governance shift with a new Constitutional Committee, as <a href="https://www.crypto-news-flash.com/cardano-prepares-for-major-governance-shift-with-new-constitutional-committee/" rel="noopener noreferrer nofollow">reported</a> by CNF, Brazil is set for a major change in social media as Cardano founder Charles Hoskinson plans to launch a decentralized network following the country’s ban on X (formerly Twitter).</p>
<p>Specifically, The ban, enforced by Brazil’s Supreme Federal Court, was due to X’s non-compliance with court orders and its role in spreading harmful content, raising concerns about censorship.</p>
<h2 id="cardano-s-ada-faces-volatility-amid-brazil-s-social-media-ban">Cardano’s ADA Faces Volatility Amid Brazil’s Social Media Ban</h2>
<p>Hoskinson aims to counter this by introducing a decentralized platform that resists government control, aligning with Cardano’s mission for secure blockchain solutions. Elon Musk <a href="https://www.crypto-news-flash.com/elon-musks-twitter-purchase-generates-mixed-reactions-as-ripple-exec-expresses-concern-over-free-speech/" rel="noopener noreferrer nofollow">criticized</a> the ban as illegal, while X faces ongoing challenges in Brazil, including office closures. Hoskinson’s move seeks to offer Brazilian users a new alternative.</p>
<p>Previously, we <a href="https://www.crypto-news-flash.com/cardanos-ada-stuck-at-0-44-can-decentralized-exchange-activity-propel-the-price-forward/" rel="noopener noreferrer nofollow">discussed</a> that Cardano’s ADA was stuck at $0.44, with analysts predicting a potential breakout if it surpasses the $0.45 resistance, suggesting a possible price surge.</p>
<p>At present, ADA is trading at <strong>$0.3329</strong>, reflecting a decline of<span style="color: #ff0000;"> <strong>3.37%</strong></span> over the past 24 hours and a more significant <span style="color: #ff0000;"><strong>13.55%</strong> </span>drop over the past week. This recent downturn highlights the ongoing volatility and challenges facing Cardano’s price movement. For a detailed view of these fluctuations, refer to the price chart below.</p>
<p><span data-sheets-root="1"></span></p>
<div class="cryptoboxes" id="mcw-419861" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="cardano" data-symbol="ADA" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Cardano’s Charles Hoskinson Announces New Decentralized Social Media Platform for Brazil Amid X (Twitter) Crackdown

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