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Crypto News Digest by U.Today

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Crypto News Digest by U.Today

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Valeria Blokhina

Keep an eye on the latest crypto industry updates with U.Today’s news digest!

U.Today has prepared the four main news stories of the past day.

Will Shiba Inu breed? Here is the Shiba Inu developer’s response to the user who wants SHIB to “go up”

It’s no secret that the SHIB Community wants to see his beloved piece fly “to the moon,” just like this Twitter user with the nickname @xRetroNenex. He left a comment under a recent tweet from Shytoshi Kusama, lead developer of Shiba Inu, who said, “We want SHIB to rise.” Kusama responded to the enthusiast saying that this is the exact reason why he is working on the project. Whether the Shiba Inu price will rise is still open as the macroeconomic concerns plaguing the crypto market make price predictions speculative. However, investor sentiment and popularity can be catalysts for bullish prices as well as positive news and major releases. Token burning is also believed to have a positive impact on the price, although this is not guaranteed.

Cardano Critic Mark Cuban Sued for Promoting Collapsed Crypto Broker

Dallas Mavericks NBA team owner and multi-billionaire Marc Cuban is being sued for his promotion of Voyager, a now bankrupt cryptocurrency broker. Cuban is accused of hiring inexperienced investors to use Voyager’s services. In addition to the billionaire, the class action also holds Voyager CEO Steven Ehrlich to account. Mark Cuban has yet to comment on the lawsuit. Nevertheless, last week the billionaire made a number of statements on the subject of cryptocurrencies, in which the Cardano blockchain was particularly criticized. First, Cuban said that Cardano smart contracts posed no challenge to the industry, and then that Dogecoin is more useful that Cardano and its African campaign has little future.

BabyDoge 60% reversal possible for this reason

Even though the 40% rally babydoge seen on August 9 faded, the Dogecoin imitator could be on the verge of a new one as it hits a milestone. According to a recent announcement on the official BabyDoge Twitter account, the canine crypto has reached 1.6 million holders, which shows the token’s popularity among retail investors and could fuel an upcoming increase in value. With the recovery of the crypto market, entries into the industry have increased, which means that in the next rally, assets with a large number of holders (including DOGE, Shiba Inu and BabyDoge) could see a peak in power. buy as investors look for various risk exposure tools. At press time, BabyDoge is trading with a 1.18% price correction in the past few hours, according to CoinMarketCap.

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Ethereum merger date revealed

Ethereum enthusiasts have finally received an answer as to when it will transition to the Proof-of-Stake (PoS) consensus algorithm: the event is set to take place on September 15. However, this is the preliminary launch date, which means that the upgrade could still happen a few days later. It is difficult to determine the precise date of the long-awaited upgrade due to potential problems. First, the Beacon Channel will need to activate the Bellatrix upgrade, which is now set to take place on September 6. Tim Beiko, one of the lead developers at the Ethereum Foundation, has confirmed that the current version of the blockchain will have a specific Total Terminal Difficulty (TTD) of 58,750,000,000,000,000,000,000. It will mark the last block mined on the proof-of-work (PoW) version of Ethereum. The next block will be mined using PoS.

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