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Here are the top four news stories from the past, brought to you by U.Today.
Binance’s CZ Continues to Hold These Cryptocurrencies
The volatile market conditions are not disturbing Binance CEO Changpeng Zhao as he continues his cryptocurrency. To demonstrate his conviction, CZ shared in a recent tweet that he has not sold any Bitcoin or Binance Coin, despite the fact that both cryptocurrencies are now down 70.85% and 65.86% from their all-time peaks. . According to the Bloomberg Billionaires Index, Zhao is worth $18.7 billion, making him the 77th richest person in the world. The dire situation in the cryptocurrency market has led to a drop in his net worth by $77 billion.
Head Dev of Shiba Inu Announces SHI Stablecoin Launch in 2022
After teasing the SHIB community mysterious tweetOne of the main developers of the Shiba Inu project, Shiotoshi Kusama has shared many insights Regarding the future of both the Shiba Inu and its lateral branches. First, Kusama pointed to the intensive work on the interface and the utility of Shiberium, Shiba Inu’s Layer 2 solution, adding that everything is progressing according to plan. The developer then gave an update on the Shiba Inu’s SHI stablecoin. If there are no barriers, Shi should be released by 2022, Shyotoshi said. The developer further apologized for the delay in working on the SHIB metaverse, explaining that the release date should not have been published in the first place. He also mentioned adding the project team, which should make the SHIB metaverse an AAA-level project.
Veteran trader Peter Brandt highlights important bitcoin chart patterns
Peter Brandt, one of the most well-known traders in the crypto and financial industries, shares with his clients bitcoin chart patterns that could determine the digital currency’s next move. Additionally, Brandt made a sarcastic comment, stating that if a pattern on the chart looks like a pennant and behaves similarly, it is most likely a pennant. Unfortunately, another reveal for bitcoin suggests that King Crypto may experience further losses in the next few days or weeks. The chart provided shows that bitcoin has already painted two patterns that indicate an upcoming spike in volatility. Unfortunately, it was a drop that pushed the price of the first cryptocurrency below $20,000.
There’s a “tsunami” in Cardano’s work: IOG’s technical architect
In his latest interview, Duncan Couts, Cardano’s IOG Principal Technical Architect, shared his enthusiasm about the upcoming projects and upgrades of Cardano, touching on three specific themes: Input endorsers, peer-to-peer networking and Vasil hard forks. Input endorsers aim to improve block propagation times and allow for higher transaction rates by enabling transactions to be separated into pre-generated blocks. Peer-to-peer networking is an additional step towards giving the community control over the network; This will eliminate node-to-node connectivity and instead promote direct communication between peers. Vasil enhancements are a key element of Cardano’s optimization and expansion to better support DeFi applications. A key component of Vasil will be the introduction of “spread pipelining” which will allow for continuous network tuning and optimization, including increasing block size.