Valeria Blokhina
What happened in the crypto world over the weekend? Read U.Today’s News Digest to find out!
DOGE price surges as Elon Musk debuts Dogecoin with drones during ‘Cyber Rodeo’ event
To celebrate the opening of Tesla’s recent Gigafactory in Texas, Elon Musk organized a small drone show called “Cyber Rodeo” featuring a Shiba Inu mascot. During the event, 15,000 guests saw a symbol of the original meme cryptocurrency Dogecoin made up of drones. As the video of Shiba Inu in the dark skies made its way to Twitter, Dogecoin price surged over 5% to hit $0.1527. However, since then, the meme crypto has retreated to the $0.1408 level.
Record 1.3 billion SHIB burned, but token price keeps falling
A total of 1.3 billion Shiba Inu were poised as of Saturday, according to Shibburn. This amount of meme coins accounts for $32,155 in fiat equivalent. Some transactions stand out from the rest because of their size: three transactions burned more than 100 million SHIB, while another three deadlocked between 210 million and 270 million tokens. However, this doesn’t seem to affect SHIB’s price in any way; According to CoinMarketCap, the coin is trading at $0.00002322, having lost 11.57% over the past week.
James K. Filan: Here is a possible timeline of events in the Ripple-SEC case
In his Saturday thread, defense attorney James K. Filan shared a possible timeline of events in the Ripple SEC lawsuit. He wrote that Ripple executives Brad Garlinghouse and Chris Larsen have submitted their responses to the SEC’s first amended complaint and that there are two key dates to look forward to – April 15, when the SEC will announce its position additional discoveries, and April 22, the deadline for the joint proposed scheduling order.
Cardano Creator Says Bitcoin Didn’t Go Far Enough
Charles Hoskinson, founder of Cardano and CEO of IOHK, recently stated that Bitcoin didn’t go too far with its UTXO model due to its limited programmability. “The logical next step,” he believes, is the Extended UTXO (EUTXO) accounting model. Hoskinson wrote this in response to a viral thread by Twitter user Sooraj, who claimed that the EUTXO architecture is superior to Ethereum’s account-based model. According to the Cardano founder, the EUTXO model offers a high degree of parallelism and scalability, which is what Ethereum developers “fundamentally” lack.