Cryptocurrency market will see crash and then consolidation, Ethereum co-founder says

Cryptocurrency market will see crash and then consolidation, Ethereum co-founder says

The cryptocurrency market will strengthen after bitcoin alternatives that lack substance have failed, a former chief executive and co-founder of Ethereum said. "My personal opinion is that we’re going to see a consolidation after a crash," Charles Hoskinson told CNBC in an interview Friday. Hoskinson now runs blockchain research firm IOHK, but was previously in charge of Ethereum, which develops the underlying technology for the cryptocurrency ether (also known as ethereum). A number of alternative cryptocurrencies — including Cardano, a cryptocurrency overseen by Hoskinson’s company — have rallied substantially in recent weeks as investors look beyond the most prominent […]