Crypto News Digest by U.Today
What is happening in the crypto industry? Read U.Today’s news feed to find out!
Here are the top four news stories that U.Today presented to you. Stay tuned to stay up to date with the latest crypto events!
Elon Musk Urges McDonald’s to Accept Dogecoin
It seems that Elon Musk will do everything in his power to convince McDonald’s to accept Dogecoin. In his recent tweet, the centibillionaire announced that if the fast food giant starts accepting the meme coin, he will eat a McDonald’s Happy Meal on TV.
Earlier this month, Tesla, the flagship e-car maker, began pricing some of its merch products in Dogecoin, pushing the price of the coin up 12%.
Shiba Inu Now Accepted By New York-based Jewelry Collection Via BitPay
Good news for jewelry lovers who own SHIB tokens: SuperJeweler, a jewelry collection based in New York, has announced that it is now accepting cryptocurrencies through BitPay. The list of cryptos includes Shiba Inu, Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin, Wrapped Bitcoin and five USD pegged stable coins (BUSD, DAI, GUSD, USDP and USDC). As of now, Shiba Inu holders can purchase diamonds, rings and other jewelry offered by the New York-based jewelry collection.
Bitcoin can be hacked with extremely powerful quantum computers
While Bitcoin is perfectly safe for now, some scientists continue to study the flagship crypto’s potential vulnerabilities. According to a quantum physicist at the University of Sussex, Mark Webber, Bitcoin’s encryption could be broken with futuristic quantum supercomputers that have at least 13 million qubits. To become quantum resistant, Bitcoin could potentially perform a hard fork, the physicist says.
However, a Bitcoin hack is not to be expected in the near future; so far, IBM has unveiled a 127-qubit quantum computer chip, which is far too far removed from the technical features needed to break BTC’s encryption.
Two ETH Whales Buy SHIB 106 Billion Amid Token Price Drop
Yesterday, WhaleStats blockchain tracking service discovered that two Ethereum whales have acquired a total of 106 billion Shiba Inu tokens. They executed two trades: the first trade carried 51,796,042,392 SHIB worth $1,084,609 and the other wired 54,345,553,998 SHIB, which equals $1,067,346.
In addition to SHIB, Ethereum Whales continue to acquire other popular tokens: MATIC and LINK. An Ethereum whale in 131st place on WhaleStats bought 5,630,000 MATIC, which amounts to $8,501,300. Another major ETH holder, ranked 4th, bought 199,999 LINK and spent $3,129,999 on it.