U.Today presents the top three cryptocurrency news stories from the past day.
Shiba Inu holders warned as interesting developments unfold at SHIB
Shibarmy Scam Alerts, an X account that aims to protect the Shiba Inu community from scams, posted a warning for meme coin enthusiasts. The team behind the account reminded SHIB holders that scammers will stop at nothing to separate them from their assets, so it is crucial to always use links only from official Shiba Inu sources, check URLs, and never connect your wallet. until you do your due diligence. As an example of the bold actions of bad actors, the Shibarmy Scam Alerts account used an incident related to the recently launched SHIB magazine, a portal that offers updates on Shiba Inu, Shibarium, and the crypto market in general. The scammers even went so far as to copy the homepage of SHIB magazine and ask users to connect their wallets to it.
CZ supports Michael Saylor in his Bitcoin (BTC) strategy, here’s what he says
Last weekend, MicroStrategy CEO Michael Saylor made an X post, showing a comparison of Bitcoin and gold’s performance since August 10, 2020, when Saylor’s company adopted its BTC strategy. With Bitcoin demonstrating a 214% increase and gold losing 3% of its value, according to the chart, the CEO concluded that gold “is dead money.” Many cryptocurrency fans took to the comments of the post to express their support for Bitcoin, as did the co-founder and CEO of Binance. Chang Peng Zhao (also known as CZ). CZ reposted Saylor’s post and commented that Bitcoin cannot be a good store of value because it is “too volatile.” Obviously, the Binance CEO’s comment was tongue-in-cheek in nature and was directed at numerous Bitcoin haters. As a reminder, MicroStrategy recently reported a staggering unrealized gain on the BTC it holds: over $1.1 billion.
Ripple-SEC Settlement Discussion: Here Are Key Dates to Keep in Mind
The XRP community and those closely following the development of the Ripple-SEC case have recently received a crucial update, since Judge Analisa Torres established a schedule regarding the discovery of remedies and the presentation of reports. According to the judge’s letter, February 12, 2024 was set as the date by which both parties were to have completed their discovery related to the resources. The SEC will have until March 13 of next year to present its brief in support of the solutions it seeks, and Ripple Labs until April 12, 2024, to present any opposition. Before Judge Torres rules on any relief based on these events, the SEC will have one last opportunity to file its response to Ripple’s opposition, and this must be done by April 24, 2024.
