Crypto News Digest by U.Today

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Valeria Blokhina

Check out the U.Today news roundup to stay up to date on the latest crypto events!

U.Today has prepared the four main news of the last day.

Amazon proved to be SHIB “solid daily burner”

According to a recent tweet from @shib_superstore, the official Twitter account for Travis Johnson’s game store, Amazon has proven to be a successful SHIB burner on a day to day basis. The Shib Super Store has been incinerating meme tokens through an Amazon affiliate program for a few months now, destroying 426,621 to 4,212,299 SHIBs per day. However, the value of these seemingly huge amounts of tokens is only $5 and $50, respectively. Therefore, the maximum amount of SHIB that Amazon can destroy per month is 122,306,201 ($1,500). Overall, the SHIB consumption rate does not look good for the token price: over the past week, only 0.0002% of the circulating SHIB supply (1.13B tokens worth $13,500) was burned.

Cardano founder “facepalms” Solana (SOL) multimillion dollar wallet hack

The founder of the Cardano blockchain, charles hoskinsonhas turned to Twitter to comment on the latest from Solana billionaire hack as the rivalry between the two blockchains continues. Hoskinson weighed in on the incident in his usual scathing style by posting a GIF of Star Trek’s Captain Jean-Luc Picard slapping his face. The image is enhanced by a tongue-in-cheek expression: “Smart contract standards…”, which, according to Hoskinson, Solana considers herself. Following the publication of this bitter tweet, Cardano fans were quick to point out the superiority of their favorite blockchain in the field of security and reliability. Solana’s fans, for her part, went straight to making caustic jokes about her more modest competitor.

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Dogecoin and Polkadot are now supported by Japan’s Bitbank

Yesterday, bit bank, a Japanese cryptocurrency exchange, announced that it has added support for Dogecoin (DOGE) and Polkadot (DOT). According to the blog post, the two coins will also be supported by Bitbank’s crypto lending service. The Tokyo-based exchange was officially recognized by the Japan Financial Services Agency (FSA) as a registered crypto exchange along with 10 other companies in 2017 as part of the country’s support program for fintech innovations. Last month, as reported by U.TodayDogecoin was also listed on another Japanese crypto exchange, FTX Japan.

Whales buy 150 million dollars in Shib since Sunday

According to data from WhaleStats, as of Sunday, the total number of Shiba Inu held by the 100 largest Ethereum whales has risen to $657,836,948 worth of this meme token. However, this figure has been fluctuating as the whales first sold SHIB and then bought it back. However, it is worth mentioning that the whales’ largest crypto holding title belongs to Silverway (SLV), which is ranked 5269th on CoinMarketCap and was valued at $0.0001679 at press time. MATIC, MANA and LINK are also present in the list of the main properties of the whales provided by WhaleStats. Based on Shiba Inu price movement, the token is up 4.61% over the past week and is currently trading at $0.00001185.

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