As a seasoned crypto investor with several years of experience under my belt, I’ve seen my fair share of market volatility and scams. So when I read about Lucie’s warning to the Shiba Inu community regarding fraudulent activity surrounding their upcoming TREAT token, I couldn’t help but nod in agreement. It’s always important to remain cautious and follow only legitimate sources for accurate information. I’ve learned the hard way that impostors are all too common in this space.
Check out the top three news stories over the past weekend presented to you by U.Today.
Shiba Inu insider shares crucial message with SHIB community
Last weekend, the Shiba Inu community was advised once more to exercise caution as fraudulent activities have been on the rise in the crypto market. In response, Lucie, the marketing head of the project, used social media to remind everyone about the unlaunched TREAT token within the Shibarium ecosystem. She issued a warning against impostors pretending to be part of the #SHIBArmy and advised SHIB supporters to follow only legitimate accounts for accurate information and to avoid any confusion. To clarify, TREAT is a multifunctional reward token, one of its purposes being to supply liquidity for the SHI stablecoin.
Ripple CTO demystifies tokenization, stuns XRP community
A leading fintech company in the Ripple sector, known for its expertise, has shared a new video titled “Crypto In One Minute” on its official X handle. In this clip, the company’s Chief Technology Officer (CTO), David Schwartz, discusses how tokenization enhances efficiency using an alleged quote from Albert Einstein: “If you can’t explain it in 60 seconds, you probably don’t understand it.” Schwartz emphasizes that a profound comprehension does not demand a full minute. He explains that tokenization streamlines processes by addressing complications related to asset transfer and ownership through digital distributed ledgers. This innovation facilitates easier verification of asset ownership for lenders, ensuring that borrowers do not pledge the same asset across multiple ledgers. Schwartz proudly concludes his explanation within the minute limit.
Ethereum’s Vitalik Buterin surprises with Dogecoin message
Last week, the crypto community and the DOGE army were shocked to learn of sad news: Kabosu, the canine symbol of the Dogecoin meme cryptocurrency, had passed away peacefully in his owner Atsuko Sato’s sleep. The loss deeply affected many prominent figures in the crypto industry, with Ethereum co-founder Vitalik Buterin expressing condolences by simply saying “Rest in Peace Kabochan.” The Dogecoin Foundation also mourned the loss of their cherished mascot, posting on Reddit, “Rest in peace, dear Kabosu, beloved Doge. You were truly one in a million.” Kabosu’s iconic photo went viral back in 2010, and three years later, Dogecoin was created with Kabosu as its mascot.
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2024-05-27 19:24