Take a closer look at what’s happening in the world of crypto with U.Today’s News Digest!
Here are the top four news stories presented to you by U.Today.
Shiba Inu now accepted as payment by delivery app Rappi Mexico
Shiba Inu, along with many other cryptocurrencies, is now accepted by the Rapi Mexico delivery app. To support the new service, Rappi has partnered with cryptocurrency providers Bitpay and Bitso, which will allow users to convert crypto into credit and use them to make purchases within the app. This recent act of meme cryptocurrency adoption has gone unnoticed by SHIB supporters, including @shibainuart, a well-known SHIB community-dedicated Twitter user, who wrote that the initiative will provide more support for Dogecoin.
Dogecoin Pumps Up on Elon Musk’s Offer to Buy Twitter
Elon Musk has again helped his favorite meme cryptocurrency, dogecoin, increased after offering to buy 100% of Twitter shares at $54.20 per share. DOGE price reacted with an increase of around 6%, printing two large green hourly candles on the chart. CentiBillionaires decided to buy Twitter for $41 billion in cash because they see great potential to transform the microblogging company into a worldwide platform for free speech. At present, Twitter is considering Musk’s offer. If it is rejected, the Tesla CEO said he would have to reconsider his position as a shareholder.
Here’s Why Ethereum Bounced Back Above $3,100
for great pleasure Ethereum For holders, on April 13, the price of the second largest cryptocurrency bounced back above the $2,950 level from the $3,000 level, and corrected at the $3,140 mark. The Sentiment crypto analytics service suggested that this is because traders started heavy selling when ETH hit lower levels. According to CoinMarketCap, at the moment, there is a minor downside in Ethereum, which is trading at $3,031 per coin.
Ripple vs. SEC: New Class-Action Lawsuit Filed by XRPL Users Against Former SEC Officials
Jeremy Hogan, an XRP-friendly advocate, recently news shared Shannon O’Leary about his colleague Fred Rispoli and about filing a class action on behalf of XRPL users against former SEC executives Jay Clayton and William Hinman. Jay Clayton, the former chairman of the SEC, has been criticized for his handling of cryptocurrency concerns while in office. He previously stated that bitcoin is not a security, which has led to its increase in value. Clayton’s tenure in the SEC ended with the filing of the SEC’s case against Ripple. Subsequently, the nonprofit Empower Oversight launched an investigation into SEC officials William Hinman and Jay Clayton for suspected cryptocurrency conflicts of interest.