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U.Today Crypto News Digest
Valeria Blokhina
Check out the latest cryptocurrency news and updates this weekend in U.Today News!
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U.Today brings you an overview of last weekend’s crypto events with the three most important news stories.
Ripple CEO Celebrates Historic SEC Ruling on XRP One Year Later
July 13 marks a major turning point in the history of Ripple and XRP: on that day, one year ago, the court officially declared that the Ripple-affiliated token is not a security in and of itself. Celebrating this extraordinary anniversary, Ripple CEO Brad Garlinghouse moved to the X platform to share some of his thoughts on the company’s victory. “July 13, 2023, that day was a very good day, for Ripple and the industry as a whole. And for me personally, a seminal memory,” Garlinghouse wrote. He criticized the SEC’s efforts to suppress cryptocurrency business through “failed lawsuits, misleading rhetoric, slander, and intimidation,” saying the agency’s actions remain wrong, “They were wrong then. And they are wrong now.”
Shiba Inu (SHIB) to Unveil Rare Model for the First Time in 2024
SHIB enthusiasts now they are watching carefully charts of their favorite dog-themed meme token, as it is about to reveal a moving average crossover for the first time in 2024. Data from TradingView shows that the 50-day and 200-day daily SMAs are expected to converge within a few days. The 50-day and 200-day SMAs are commonly used by traders to gauge market trends, with crossovers resulting in either a golden cross or a death cross. When the 50-day simple moving average crosses above the 200-day SMA, it forms a bullish pattern known as a golden cross, which indicates a potential recovery. On the other hand, when the 50-day SMA crosses below the 200-day SMA, a death cross is formed, a pattern that signals a potential downtrend. Currently, it remains to be seen which of these SHIB crosses will experience.
Michael Saylor Issues Crucial Warning About Bitcoin to German Community
In a recent post XMichael Saylor, co-founder of MicroStrategy and Bitcoin proponent, released a major warning to the German government and the country’s BTC community. To ensure that no language barriers stand between his idea and German Bitcoin enthusiasts, Saylor addressed them in their native language; he wrote “Du verkaufst deine Bitcoin nicht,” which means “Don’t sell your Bitcoin.” Earlier this year, Saylor posted similar messages to the global Bitcoin community a few times when the BTC sell-off began and the price began to plummet. According to Lookonchain data, the German government disposed of 50,179 BTC, valued at about $3.3 billion.
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrencies are the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.