U.Today’s daily news feed keeps you up to date with the most important updates in the crypto industry
U.Today presents the top four stories of the past day. Take a closer look at the world of cryptocurrency!
SEC vs. XRP: Settlement is Possible, as the Commission May Not Want to Risk It All, Advocate Sees
In a recent tweet, Bill MorganThe famous lawyer and cryptocurrency enthusiast stated that there is a real possibility of a settlement agreement between Ripple and the SEC. Responding to a Twitter user asking if Hinman’s emails would be released regardless of the regulator not approving them, Morgan said non-disclosure of such data could be a condition of the settlement, allowing Ripple to gain the upper hand. In the case thanks to its possession. of emails. Morgan also added that Ripple’s response to the SEC’s brief on the summary judgment proposal, which will be sent to the case judge on November 30, could be one of the trial’s most telling documents.
SHIB burn rate increased by 1.083% amid the highest daily burn rate in weeks
Data provided by Sheburn It shows that yesterday, a total of 134,952,334 SHIB tokens were burned in 10 transactions, which made the meme coin burn rate rise by 1,082%. At the time of writing, the number of destroyed tokens is probably even higher, as Shebburn has likely received the awaited burn from Shib Burn radio ads and a super-follower. The last time daily burning reached this high was on October 12, when 154 million grays were burned. This increase was fueled by the increased enthusiasm of the SHIB community following recent developments in the ecosystem. as such Reported by U.TodaySHIB President Shytoshi Kusama announced that the World Economic Forum wanted to work with the SHIB project on global policy.
New York partially bans cryptocurrency mining
On Tuesday, Governor of New York Cathy Hochul signed a two-year moratorium on fossil fuel-powered cryptocurrency mining operations. The bill was approved by the New York State Senate in early June. Hochul has stated that she wants New York to remain the center of financial innovation, but there is a strong need to balance economic development with climate goals. New York became a hotspot for many cryptocurrency mining companies thanks to its cheap hydroelectric power sources, and miners quickly took advantage of it. However, they soon faced strong reactions from local environmental groups for using too much energy and dramatically increasing greenhouse gas emissions. This is when the controversial bill appeared on the scene.
Elon Musk viciously shut down a false rumor about Twitter and Sam Bankman-Fried
According to a Business Insider article, Sam Bankman-Fried reportedly owns a $100 million stake in Elon Musk’s Twitter. The article states that the Tesla CEO suggested that Bankman-Fried transfer his public shares of Twitter to a stake in Musk’s private company just weeks after the billionaire offered to buy Twitter for $44 billion. FTX’s balance sheet shows that the company has some illiquid assets, which, according to the article, could be shares of Twitter. Soon after the post, Musk was quick to shut down the rumours, denying Bankman-Fried’s involvement in the Twitter buyout and criticizing the media, while calling Business Insider “not a real post.”
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