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Burger King UK Crowns Floki Inu “Top Doge,” Ripple CTO Addresses XRP’s Security Status, SHIB Army Urged to Beware of TREAT Scam Tokens: Crypto News Digest by U.Today

Thu, 03/30/2023 - 16:16
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Valeria Blokhina
U.Today’s daily news digest keeps you informed of the most important updates in the crypto industry
Burger King UK Crowns Floki Inu “Top Doge,” Ripple CTO Addresses XRP’s Security Status, SHIB Army Urged to Beware of TREAT Scam Tokens: Crypto News Digest by U.Today
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Take a look at the most important crypto events with U.Today’s top three news stories.

Burger King UK crowns Floki Inu "Top Doge" in playful Twitter banter

A playful conversation between Burger King UK and Floki Inu has recently taken place on the fast-food restaurant chain’s Twitter page. It all started with an anonymous user sharing a photo of two AI-generated Elon Musks and a Shiba Inu dog in a Viking helmet, commenting that Burger King needs Floki Inu. “Is that doge wearing a viking hat?” the fast-food chain responded, spotting similarities between the Dogecoin and Floki Inu mascots. This is when Floki Inu joined the conversation, writing that the dog in the picture is a Viking dog. Burger King UK dubbed it "top doge," to the great excitement of all FLOKI enthusiasts. The response has currently gained more than 77,000 views on Twitter and drew many members of the FLOKI army to the comments section, where they expressed their support for the Viking-themed canine coin. Some even encouraged Burger King to accept Floki Inu as a form of payment.

Ripple CTO addresses XRP's security status: turning point revealed

Twitter user ScamDetective5 recently shared a post, asking everyone who is following the fate of XRP about at which point people felt that the Ripple-affiliated token was not a security anymore. The tweet has gained the attention of Ripple CTO David Schwartz. He responded that it happened when the company’s server code became open source and people no longer had to rely on Ripple to maintain the XRP Ledger. ScamDetective5 then stated that Ripple's control of the dUNL and the company's responsibility for code updates to Rippled indicated XRP Ledger's reliance on Ripple. The user suggested that this dependence might contribute to XRP being classified as a security. In response, Schwartz emphasized that there were no significant barriers stopping others from maintaining the ledger and that Ripple's activities were motivated by convenience rather than necessity.

Shiba Inu (SHIB) community urged to beware of TREAT scam tokens

A warning about scam TREAT tokens has been recently shared by several Shiba Inu-themed Twitter accounts, including LucieSHIB, Xandershib and Kuro. Speculation started to arise after a SHIB community member who goes by SHIBKIND on Twitter posted images of TREAT transactions on the Shibarium beta testnet. As a countermeasure against scam spreading among the community, LucieSHIB took to Twitter to quote the words of Shiba Inu lead Shytoshi Kusama. He urged the SHIB army to “ignore basically anything not from an official account,” adding that all statements about TREAT tokens allegedly appearing on Shibarium beta are “someone trying to scam as always.” Kusama also said, as a reminder to Shibarium users, "Remember that we said not to ape into any test tokens. They don't even know that we will name it Treat. So they're just making stuff up.”

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About the author

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.