Crypto News Digest by U.Today

Here are the top four news items on the last day presented to you by U.Today.

Binances CZ continues to hold these cryptocurrencies

The unstable situation in the market does not seem to care Binance CEO Changpeng Zhao as he continues to hold on to his cryptocurrencies. To show his strong conviction, CZ shared in a recent tweet that he has not sold any Bitcoin or Binance Coin despite the fact that the two cryptocurrencies are now down 70.85% and 65.86% from their respective peaks over time. According to the Bloomberg Billionaire Index, Zhao is worth $ 18.7 billion, making him the 77th richest person on the planet. His net worth has suffered a huge drop of $ 77 billion due to the serious state of the cryptocurrency market.

Shiba Inus’ leading developer announces launch of SHI stablecoin in 2022

After teasing the SHIB community with his mysterious tweetsShytoshi Kusama, one of the main developers of the Shiba Inu project, has shared more insights regarding both the future of Shiba Inu and its side branches. First, Kusama pointed out the intensified work with the interface and usability of Shibarium, Shiba Inus Layer 2 solution, and added that everything goes as planned. Then the developer gave an update on Shiba Inus SHI stablecoin. If there are no obstacles, SHI should be released as early as 2022, Shytoshi said. The developer further apologized for the delay in working with SHIB Metaverse, and explained that the release date should not have been published in the first place. He also mentioned additions to the project team, which was to make SHIB Metaverse a project at AAA level.

Veteran trader Peter Brandt highlights important Bitcoin chart patterns

Peter Brandt, one of the most well-known traders in the crypto and finance industry, shared with its subscribers the Bitcoin chart pattern that could determine the next movement of the digital currency. In addition, Brandt made a sarcastic remark, saying that if a pattern on the chart looks like a pennant and behaves in the same way, it is most likely a pennant. Unfortunately, another pennant for Bitcoin suggests that the royal crypto may experience more losses over the next few days or weeks. The accompanying chart showed that Bitcoin had already painted two patterns earlier indicating an upcoming increase in volatility. Unfortunately, it was a downward peak that pushed the price of the first cryptocurrency to below $ 20,000.

Cardano has got “Tsunami” in work: IOG’s technical architect

In his latest interview, Duncan Coutts, Cardano’s IOG Principal Technical Architect, shared his enthusiasm for incoming projects and upgrades for Cardano, and touched on three specific topics: Input Supporters, Peer-to-Peer Networks, and Vasil Hard Forks. transaction speeds by making it possible to separate transactions into preconstructed blocks. Peer-to-peer networking is an additional step towards giving the community control over the network; it will eliminate node-to-node connectivity and instead promote direct communication between peers. Vasil enhancements are a key element in optimizing and scaling Cardano to better support DeFi applications. A crucial component of Vasil will be the introduction of “diffusion pipelining” which will allow continued network setting and optimization, including an increase in block size.