Crypto News Digest by U.Today
Take a closer look at what’s happening in the crypto world with U.Today’s news roundup!
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Here are the top four news stories presented to you by U.Today.
Ripple CTO ends speculation about Satoshi Nakamoto’s identity
Among many speculations about the real identity of Satoshi Nakamoto, there is a connecting CTO of Ripple David Schwartz to the mysterious Bitcoin creator. However, in a recent Twitter exchange, Schwartz put an end to the speculation. When asked about being the brains behind the flagship cryptocurrency by an XRP community member, the Ripple CTO responded by saying that he didn’t discover Bitcoin until 2011 and that he wished he had found it earlier. He then added that he saw BTC drop as low as $2.50. Schwartz has thus put an end to all the rumors linking him to Satoshi Nakamoto.
Shibarium beta hits big new milestones, here’s what they are
Prominent SHIB enthusiast @LucieSHIB pointed to several milestones seen on the Shibarium testnet Puppynet in a recent tweet. According to a screenshot shared by @LucieSHIB, the total number of transactions on Puppynet increased to 2,255,398, showing significant progress compared to the figure at the end of March, when it was only 195,000. Also, the number of wallets linked to the blockchain has increased by 165,282, total 365,282. As for the total number of blocks created on Puppynet, it has increased to 324,129. @LucieSHIB also added that the amount of tokens that have been distributed on Puppynet now tops 71.
XRP: Coinbase begins Flare (FLR) airdrop distribution to users
As tweeted by the @CoinbaseAssets Twitter account yesterday, leading cryptocurrency exchange Coin base has started Flare (FLR) token airdrop distribution for qualified users. Customers of Coinbase (simple and advanced trading categories), as well as users of the Coinbase exchange in authorized jurisdictions, who held XRP on the snapshot date of December 12, 2020, will be eligible to receive FLR tokens. After processing is complete, which is expected to take the next 72 hours, the funds will be distributed to Coinbase user accounts. Outbound transfers for Flare (FLR) will not be available in the meantime. On Coinbase, in areas where trading is supported, incoming transfers have already begun.
Bitcoin Rise: Bank of America Expects Sustained Rally
According to a recent Bloomberg report, Bank of America strategists Alkesh Shah and Andrew Moss predicted that Bitcoin’s impressive rally is set to continue. The prediction is based on the recent flow of funds between crypto exchanges and personal digital wallets. The year’s second largest net Bitcoin outflow from crypto exchanges occurred during the week to April 4, when a total of $368 million in Bitcoin was transferred to personal wallets. According to Shah and Moss, this trend points to a decrease in selling pressure since investors often transfer tokens from exchange wallets to personal wallets when they intend to hold, or “HODL,” them.
