Take a closer look at the latest crypto happenings with U.Today’s News Digest!
Here are the top four news stories from the past, presented to you by U-Today.
Shiba Inu owners need to be on the “lookout,” says David Gokhshtein
Founder of Gokhashtin Media David Gokhshtein has once again shown support for the Shiba Inu cryptocurrency. In a recent tweet, he hinted at MemeCrypto’s ability to explode, writing that MemeCrypto “wants to rip” and posting an accompanying “Watch Out” emoji. This is not the first time that Gokhshtine has supported SHIB. in may, the former US Congressional candidate said the Shiba Inu has a great model and that the next few months may be necessary for a dog coin. Meanwhile, Shiba Inu teases upcoming new implementations like Shibarium, the Layer 2 platform in which SHIB: Metaverse will be developed, as well as SHI, the Shiba Ecosystem stablecoin.
Cardano: Someone is buying it, but reason unknown
tomorrowCardano user “Pete”, who goes by @astroboysoup on Twitter, shared a CoinMarketCap chart with his followers commenting on significant Cardano buying activity. In his post, “Pete” mentioned that someone is receiving large amounts of ADA tokens and urged interested parties to “watch out for those improvements.” Even though the exact reason for these massive purchases is unknown, a Cardano user came up with a suggestion that the purchase was made with a longer term in mind or perhaps to profit in the short term after the Vasil hard fork. The high expectations for the ADA price increase should not come as a surprise as many Cardano enthusiasts recall that the native token reached its current all-time high before its other hard fork, Alonzo, which brought the capabilities of smart contracts.
Ripple has been named one of the best medium-sized workplaces by Fortune magazine
Fortune magazine recognized Wave Blockchain company is one of the best mid-sized workplaces of 2022. The fintech giant was ranked 34th on this year’s list, which is one place lower than 2021. Ripple CEO Brad Garlinghouse commented on the news, saying it’s “always good” to get a little third-party verification. According to Fortune, Ripple has a total of 575 employees worldwide. Despite the SEC lawsuit, which caused the company considerable legal problems in the US, the company was still able to continue its expansion around the world.
Vitalik Buterin Introduces New Facility for Ethereum
of ethereum Vitalik Buterin has introduced a feature that can be visible on the network, which is stealth address technology. Each stealth address contains a hash of the user’s address, a token ID, and a secret parameter for a user. The assets are stored at the address that comes from the user’s “leaf” in the hash tree that stores the blockchain data. If an additional security mechanism is implemented, SoulBound tokens based on the ERC-721 token format can be completely anonymous, which makes it more secure to use. However, decentralization enthusiasts strongly criticized both Vitalik Buterin and the developer, who suggested the new feature for implementation in the ERC-721 token format.