Crypto News Digest by U.Today
U.Today’s daily news digest keeps you informed of the most important updates in the crypto industry
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U.Today presents the top three news stories of the last day. Take a closer look at the world of crypto!
“XRP CEO” Responds to Ripple’s Billion-Dollar XRP Business Rumors
Following the publication of a Forbes article about Ripple’s multi-billion dollar sale of XRP through its main Malaysian partner Tranglo, Tiffany Hayden, the self-proclaimed “XRP CEO,” took to Twitter to comment on the matter. She emphasized how Ripple encourages ODL partners, such as Tranglo, to transact using XRP. In a subsequent tweet, Hayden wondered why Ripple doesn’t give a discount to all its customers if they reimburse Tranglo and other partners for charging lower fees for XRP transactions. At the same time, Ripple CTO David Schwartz addressed the speculation, saying the company was created to distribute XRP “as widely as possible.” He believes that if Ripple is lucky, it will generate enough revenue to sustain its operations.
Trillions of Shiba Inu (SHIB) tokens could hit major US exchanges after the Voyager deal
According to a recent Twitter announcement from the Official Committee on Unsecured Creditors Voyager, a crypto broker that filed for bankruptcy earlier this year, has reached a settlement with the US government. With the resolution, Binance US will be able to buy the bankrupt broker and its digital assets. As stated in the agreement, the complaints will continue with regard to the plan’s exemption provision. However, the government has agreed that the plan can go ahead without such a provision and will not otherwise be subject to the stay. With this decision, it is expected that the plan will soon come to fruition and the acquisition process will go faster. Voyager currently has $266.7 million worth of stablecoins, with Shiba Inu being the third largest asset in Voyager’s wallet (3.1 trillion SHIB). The acquisition of Voyager by Binance US is a significant development as it will strengthen Binance US’s position in the market.
Shiba Inu advisor tips Hollywood’s growing interest in the Shib Metaverse
Marcie Jastrow, a member of Shiba Inu Metaverse team, recently posted a tweet hinting at Hollywood’s growing interest in the virtual world. The tweet reads “Shib the Metaverse is the talk of #hollywood and the #Shibarium can run it all – we have this #shibarmy.” Previously, Jastrow was a senior vice president at Technicolor; she joined Shiba Inu Project last May and is currently working on securing various brand partnerships to strengthen the meme coin’s presence in the entertainment world. Hollywood insiders’ growing interest in Shib the Metaverse shows how the entertainment sector has begun to see the potential of virtual worlds and blockchain technology. Earlier this year, the Shiba Inu team was invited to exhibit the metaverse project at the 2023 SXSW festival held in Austin, Texas.
