Read U.Today’s News Digest to not miss the latest crypto news!
Last weekend brought a lot of important updates to the crypto industry. Let’s delve deeper into the details with the top four news from U.Today.
Shiba Inu community reaches new milestone
Shib community Celebrates another milestone achieved by your beloved canine coin. The official account of the Shiba Inu has grown to 3.4 million Twitter followers, with over 700,000 followers since February. Thus, the Shiba Inu catches up with its rival meme crypto, Dogecoin, which has around 3.4 million Twitter followers. In addition, the number of owners of Shiba Inu is constantly increasing. According to WhaleStats, the total number of SHIB holders has increased to 1,182,817, indicating a long-term interest in the asset. Another win that SHIB took last week was Flipping FTT Among the biggest holdings for the top 100 ETH whales, pushing it to the fourth position.
Charles Hoskinson answers the question about his “claim to be Satoshi”
Crypto YouTuber Alexander Lorenzo offered of Charles Hoskinson Followers should suggest questions to ask the Cardano creator during their potential interview. One of them, asked by an anonymous Twitter user, pertains to Hoskinson’s alleged claims to be the mysterious bitcoin developer Satoshi Nakamoto. Without waiting to be interviewed, Charles rushed to respond to the allegations, advising the user not to believe anything he reads on the Internet or in books about the history of crypto. He denied ever claiming to be a BTC creator, adding that he was only 20 when Bitcoin was released in 2009.
In the meantime, new music video by Hoskinson may be featured. snoop dogg and his son. On Friday, Champ Medici tweeted that he would like the IOHK CEO on his project, to which Hosk replied, “Let’s find out.”
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Dogecoin futures to be listed on top US exchange
Kraken, one of the top cryptocurrency exchanges in the US based in San Francisco has announced that it is expanding its support for Dogecoin and will be listing its future contracts. A futures contract derives its value from the underlying cryptocurrency, Dogecoin in this case, and allows one to have exposure to the cryptocurrency without actual ownership. Trading is scheduled to begin today, June 20. Kraken is also ready to offer futures contracts for Tron’s TRX and Phantom’s FTM. In July 2020, Binance announced the launch of perpetual DOGE/USDT contracts on its derivatives platform, Binance Futures.
“Black Swan” Author Destroys Major Bitcoin Narrative
naseem taleb, Lebanese-American mathematician and philosopher, urged investors to ignore bitcoiners who cherry-pick comparative returns for bitcoin. When asked about the poor performance of King Crypto, BTC enthusiasts generally say that if you zoom out far enough, the returns of the cryptocurrency are still huge. However, as Taleb points out, the average purchase price of bitcoin in circulation is currently $23,430. Meanwhile, according to CoinMarketCap, BTC is currently trading at $20,601, which basically indicates that the average buyer is in the red. Taleb also noted that the average purchase price for other prime properties was well below their current market value.
