Edward Snowden Issues Crucial Warning About Bitcoin, Tesla Officially Adds DOGE as Payment Option, But There’s a Problem: SHIB Could Be on the Verge of a Breakthrough: U.Today’s Crypto News Digest

Edward Snowden Issues Crucial Warning About Bitcoin, Tesla Officially Adds DOGE as Payment Option, But There's a Problem: SHIB Could Be on the Verge of a Breakthrough: U.Today's Crypto News Digest

Guru-Investinghas prepared the three main news stories from last weekend.


Guru-Investinghas prepared the three main news stories from last weekend.

Edward Snowden issues crucial warning about Bitcoin: ‘Time is ticking’

As recently learned from the publication on the official 2024. generated a lot of concern among members of the crypto community, and rightly so, as this will affect not only Wasabi Wallet users but also users of other wallet clients connected to the zkSNACKs coordinator, such as Trezor Suite and BTCPayServer. Although its coinjoin coordination service has been discontinued, Wasabi Wallet will continue to function as a Bitcoin wallet, albeit with reduced privacy features. The news caught the attention of Edward Snowden, the world-famous whistleblower; In an X post, he wrote about warning Bitcoin developers for 10 years that privacy must be provided at the protocol level. “This is the final warning. The clock is ticking,” Snowden urged as he concluded the conference. your publication.

JPMorgan issues warning on Bitcoin

DOGE Officially Added to Tesla Payment Options, But There’s a Problem

Dogecoin, the dog-themed meme cryptocurrency, was recently added as an official payment option on the website of Tesla, an electric car manufacturing company run by Elon Musk. However, those who wish to use their Dogecoin on the Tesla website can only do so in the online Tesla Store to purchase merchandise. The Payment, Payment and Pricing sections in the Tesla Shop resources says: “Dogecoin may also be accepted on select products.” However, this modest development was enough to generate excitement among the Dogecoin community; Following the news, the price of DOGE was observed to increase by more than 21% on Saturday, May 4, reaching $0.159. However, at the time of writing, DOGE is trading at $0.156, down 2.70% in the last 24 hours, according to CoinMarketCap. As a reminder, the first experimental adoption of DOGE by Tesla was attempted in January 2022. Later in March 2024, Elon Musk stated that they should add DOGE as a payment option at some point in the future.

Shiba Inu Spotlight: 1,084 Days After Vitalik Buterin’s Historic 410 Billion SHIB Burn

Shiba Inu to erase zero? 110 trillion SHIB key to 100% price hike

Shiba Inu could be ready to do a significant change in its price action, with a threshold of 110 trillion SHIB being the key to the SHIB price doubling in value. Data provided by IntoTheBlock’s breakeven price indicator shows that 327,200 Shiba Inu addresses purchased 110.27 billion SHIB between the range of $0.000026 and $0.000051 at an average price of $0.000034, which is quite close from the current Shiba Inu price range. This suggests that over 327,000 addresses would need SHIB to rise to $0.00005 to break even. Although the 110 billion SHIB tokens represent a strong barrier, they also hold the key to a possible price increase. Based on current Shiba Inu prices, a jump to $0.00005 would indicate a 100% increase in SHIB value. What gives this threshold additional importance is that a successful breach above it could help SHIB remove a zero from its price. At the time of writing, SHIB is changing hands at $0.0000243, down 2.43% in the last 24 hours.

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