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SHIB’s Lead Dev Teases Community, Cardano’s Vasil Goes Live on Testnet, Singapore to Restrict Leverage Trading: Crypto News Digest by U.Today

Crptoz by Crptoz
July 5, 2022
in Cryptocurrency News
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Solana Price Positive As It Trades Near $44, Are The Bulls Back On Chart?

Ethereum Price Broke Past $1,800 Despite Higher Demand At Lower Levels


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Valeria Blokhina

Can’t keep up with the rapidly changing crypto industry? Read U.Today’s news digest to stay updated!

U.Today brings you the top four stories from the past; Don’t miss this piece!

The Shiba Inu’s Head Dev Has Something To Say To The SHIB Community

lead developer Shiba Inu Shiotoshi Kusama has teased the SHIB community with a mysterious tweet posted on his official account, saying he will soon have “a lot to say”. The post has left canine coin enthusiasts with a lot of unanswered questions, but they were not given a chance to speculate on the news, as Kusama closed the comments section under the tweet in question. At the time of publication, the lead developer of Shiba Inu has yet to post an update on its surprise announcement. Meanwhile, SHIB price dropped an additional zero as its price once again reached the $0.00001 support level.

Cardano’s Vasil Upgrade Goes Live on Testnet

On Sunday, Input Output announced that Cardano’s Vasil Hard Fork Blockchain is launched on the testnet. According to the company, the incident signaled an “important next step” in the implementation of the much-anticipated upgrade. Over the course of the next month, Vasil will undergo testing by stake pool operators, developers and cryptocurrency exchanges. After that, the hard fork will be triggered on the mainnet of the blockchain. The Vasil upgrade is expected to significantly improve the performance capabilities of the blockchain by ensuring high throughput and enabling interoperability.

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Crypto Investors in Singapore Could Soon Be Banned from Leveraged Trading

According to Tharaman Shanmugaratnam, the senior minister and head of the Monetary Authority of Singapore, MAS may impose restrictions on the participation of individuals in the crypto market, as well as regulations relating to margin trading. He added that Singapore has over the past five years adopted a strategy of restricting individuals’ access to cryptocurrency transactions, prohibiting advertising of crypto services in public places, as well as restricting the installation of crypto ATMs there. While all crypto companies in Singapore are required to comply with the January MAS guidelines, the regulator has the authority to impose additional rules under the Payment Services Act (PS Act) to protect customers and maintain the stability of the financial system.

Ross Gerber Says Peter Schiff Still Hasn’t Detected Bitcoin

In a recent tweet, Gerber Kawasaki Wealth CEO Ross Gerber commented on an article dedicated to Peter Schiff And in Puerto Rico they faced tax problems. Gerber wrote that the gold bug has tried to talk him into moving to a Caribbean island for tax reasons. Ross Gerber ended his post saying “and he still hasn’t figured out bitcoin,” possibly implying that had the BTC counterparty adopted the dominant crypto, he could have avoided his current struggles. According to the article, the Puerto Rican bank regulator recently suspended operations at Schiff’s Euro Pacific Bank as part of an investigation. Schiff’s bank was allegedly used to enable money laundering and tax evasion. The regulator has said the financial commentator’s bank has a “long history” of non-compliance.


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