Bitstamp's XRP Announcement Leaves Community Upset, XRP and BTC Print Golden Cross, SHIB to Host Outdoor Cabana Party in Canada: Crypto News Digest by U.Today
U.Today has prepared the top three news stories over the past day.
Bitstamp's epic XRP announcement leaves community upset
After teasing a major announcement regarding XRP on Aug. 2, Bitstamp finally shared what was anticipated to become exciting news for the community yesterday. The exchange revealed that XRP holders and those wishing to start earning yield can now enjoy a 2% boost in the APY on lending XRP. However, the announcement left the XRP community disappointed, failing to gain the expected cheers and recognition. Considering that Bitstamp is one of Ripple's main ODL corridors, XRP enthusiasts hoped for something truly monumental, such as major financial institutions adopting XRP applications. All in all, Bitstamp's effort to innovate and foster profitability through the XRP lending service might still have merit, but supporters of Ripple-affiliated tokens have obviously had hopes for an update of a higher level.
Godfrey BenjaminXRP, BTC print rare golden cross: Details
The three-day charts of Bitcoin and XRP have recently demonstrated an interesting occurrence, as both cryptocurrencies printed a golden cross pattern. According to market experts, this rare long-term signal has only appeared twice in Bitcoin's history, making this time the third occasion, and in both previous cases, new all-time highs were scored between 400 and 500 days later. The golden cross implies the potential for the emergence of a long-term bull market, but one should note that no indicator can truly predict the future. Many times, an observed golden cross produces a false signal, failing to manifest. However, the surge in price could be of use for both cryptocurrencies, considering the fact that Bitcoin is currently stuck below the $30,000 level, and XRP's rally on the back of positive court judgment has gradually slowed down.
Arman ShirinyanSHIB to host outdoor cabana party in Canada, here's how you can join it
According to a recent post by Shiba Inu's official "X" account, the project team is going to sponsor and host an outdoor cabana party during the upcoming Blockchain Conference in Toronto, Canada, on Aug. 15 and 16. Attendees are promised to enjoy "an unforgettable fiesta of music, mouthwatering food and refreshing drink." Party entry is included in the price of all conference tickets. The post ends with the hashtag "SummerOfShibarium," implying that the party is a continuation of the special season announced by SHIB lead Shytoshi Kusama last month. Meanwhile, Shibarium beta Puppynet has scored yet another utility milestone. Per data provided by Puppyscan, the total number of transactions on Puppynet has broken through the 34 million level, sitting at 34,826,935 at the moment of writing.
Related articles
Alex Dovbnya
Vladislav Sopov
Dan Burgin