Crypto News Digest by U.Today
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U.Today has compiled a summary of the top four news stories of the past day.
Ripple Becomes Platinum Partner of Global CBDC Symposium
According to a Twitter user who goes by @Rohitku24694375, Ripple The fintech giant has become the only platinum partner of the Digital Monetary Institute Symposium 2023, one of the most crucial meetings for the key players in the CBDC segment. The event is organized in London by the Official Monetary and Financial Institutions Forum (OMFIF) and will take place on 10-11 May 2023, both in offline and online formats. The speakers from Ripple’s part of the symposium will be the company’s top executives: Susan Friedman, head of public policy, and James Wallis, vice president of central bank engagement.
3 things that will help Shiba Inu reach $0.01: big SHIB enthusiast
@ShibBPP, noted SHIB enthusiast, recently took to Twitter to share what they believe could help the second largest meme coin reach the $0.01 level. The user outlined three things: mass adoption, staking/liquidity and burning. SHIB adoption has been expanded recently, with Travala travel company launches a new affiliate program for SHIB holders, and Ralph Lauren begins accepting SHIB and other cryptos at a newly launched Miami Design District store. In terms of burning, the SHIB army removes large amounts of SHIB from the circulating supply. Friday the 7th In April, U.Today reported that the SHIB burn rate jumped tremendously 35,500%.
Bitcoin is forming a pennant pattern near a crucial resistance level of $30,000
As recently pointed out by renowned financial analyst Jesse Colombo, Bitcoin appears to be forming a pennant pattern just below the critical resistance level of $30,000. If BTC manages to break out of this pattern and surpass the $30,000 mark with significant trading volume, Colombo says, it will be a positive confirmation signal for the king crypt. In the next tweet, the analyst emphasized the importance of the $30,000 resistance level on BTC’s weekly chart, saying that this point could be decisive in determining the course of Bitcoin’s price in the future. Market participants are closely watching this level, as a successful break could signal further gains.
The debate over XRP’s security status intensifies as a pro-Ripple advocate claims persuasive factor
On Sunday, April 9, attorney Jeremy Hogan wrote a Twitter thread about why XRP does not qualify as a security. He explained that under the legislative definition of a security, the asset could only “possibly” fit under the definition of an “investment contract.” Hogan then went on to say that even the SEC admits that XRP could only be considered an “investment contract.” The question, according to Hogan, is whether the SEC has proven that there was either an implied or explicit “contract” between Ripple and XRP buyers related to their “investment.”
