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U.Today has compiled a summary of the top four news stories from the past.
Robinhood introduces new feature for Shiba Inu and other coins
As per the official announcement on Twitter, Robin Hood, a popular trading app, introduced a new option for crypto transfers. From now on, its users can send and receive all digital assets available on the platform including Shiba Inu and Bitcoin. The news was retweeted from the Shiba Inu’s official Twitter account, which garnered over 6,000 likes from thrilled members of the SHIB community. as Reported by U.TodayRobinhood finally added support for the second-largest meme crypto in early April, when a Change.org petition asking the company to list SHIB received more than half a million votes. Earlier this year, the trading app launched a non-custodial wallet, making it possible for traders to manage their own crypto.
Solana Labs faces class-action lawsuit in California
Solana Labs Has been hit with a class-action lawsuit that could have massive implications for the cryptocurrency industry. The main plaintiff, Mark Young, alleges that the SOL token is an unregistered security. As written in the complaint, the SOL token satisfies the Howe test, supporting the conclusion that the asset is a security, as the success of the project and its potential return depend on Solana’s ability to deliver on its promise to build the network. were dependent. Young claims that the defendants managed to make “huge” profits with the help of cryptocurrency. The plaintiffs also accuse Solana Labs of making “deliberately misleading” statements regarding the circulating supply of SOL securities. Young wants the court to indemnify him and other class members “in the amount provable at trial.”
DOGE climbs back to critical price level
dogecoin, the original meme coin, has managed to climb back to a price level of $0.07 after more than half a month of falling in early June. DOGE credits its winning return to Elon Musk and his The Boring Company; CentiBillionaire’s company now allows customers to pay for rides on its Las Vegas transit system loop with Dogecoin. Some other news regarding DOGE adoption and overall positive sentiment on the market also played a part. Earlier this week, it became known that DOGE was accepted as pay for products From Canadian food tech start-up WeCook. And last Tuesday, FTX JapanOne of the top crypto exchanges, announced the addition of support for Canine Coin. All this positive news completely overlapped on the Dogecoin chart, which was actively indicating a possible breakout of a key price level.
Cardano creator denies “FUD” about smart contracts
Charles Hoskinson, Input Output’s CEO addressed the fear, uncertainty and doubt (“FUD”) that surround the upcoming Vassil hard fork in a recent tweet, saying that blockchain smart contracts are still in the works following the implementation of the much-anticipated upgrade. will do. This came after some Twitter users started claiming that Cardano’s Smart contracts will have to be rewritten because they are incompatible with Vasil hard forks. Tim Harrison, VP of Community and Ecosystem of Input Output, rushed to reassure Cardano enthusiasts, explaining that current dApps using the first version of the Plutus smart contract platform will still be compatible after the Vassil upgrade. Developers who wish to take advantage of all the enhancements offered by Plutus v2 must use and deploy them in their applications.