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What’s going on in the crypto industry? Read U.Today’s news digest to find out!
Here are the top four news stories presented to you by U.Today. Stay tuned to keep up on the latest crypto events!
Elon Musk urges McDonald’s to accept Dogecoin
It looks like Elon Musk will do whatever it takes to persuade 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 manufacturer, started pricing some of its merch products in Dogecoin, making the coin’s price spike 12%.
Shiba Inu now accepted by New York-based jewelry collection via BitPay
Good news for jewelry lovers who hold SHIB tokens: SuperJeweler, a New York-based jewelry collection, has announced that it now accepts cryptocurrencies via 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). From now on, Shiba Inu holders are able to buy diamonds, rings and other jewelry offered by the New York-based jewelry collection.
Bitcoin could be hacked with extremely powerful quantum computers
Even though Bitcoin is perfectly safe for now, some scientists continue studying the potential vulnerabilities of the flagship crypto. 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 should not be expected in the near future; so far, IBM unveiled a 127-qubit quantum computing chip, which is way too far from the technical characteristics needed to break BTC’s encryption.
Two ETH whales buy 106 billion SHIB amid token price decline
Yesterday, WhaleStats blockchain tracking service detected that two Ethereum whales acquired a total of 106 billion Shiba Inu tokens. They made two transactions: the first transaction carried 51,796,042,392 SHIB worth $1,084,609, and the other one wired 54,345,553,998 SHIB, which equals $1,067,346.
Apart from SHIB, Ethereum whales keep acquiring other popular tokens: MATIC and LINK. An Ethereum whale ranked 131th on WhaleStats purchased 5,630,000 MATIC, equaling $8,501,300. Another large ETH holder, ranked 4th, bought 199,999 LINK, spending $3,129,999 on it.