Main navigation

EU Parliament Votes to Ban Anonymity in Crypto, DOGE Co-Founder Slams SHIB’s Metaverse: Crypto News Digest by U.Today

Fri, 04/01/2022 - 16:18
article image
Valeria Blokhina
Don’t miss anything important in the crypto industry; read U.Today’s news digest to stay updated!
EU Parliament Votes to Ban Anonymity in Crypto, DOGE Co-Founder Slams SHIB’s Metaverse: Crypto News Digest by U.Today
Cover image via
Read U.TODAY on
Google News

Check out the top four news stories over the past day presented to you by U.Today.

EU Parliament votes to ban anonymity in crypto

Yesterday, the European Parliament’s plan to clamp down on self-hosted wallets first presented last week became a reality - the majority of lawmakers voted in favor of banning all anonymous cryptocurrency transfers. The draft of the amendment does not specify any lower limit for crypto transfers, meaning that all of them will be subject to identity checks. Some crypto proponents see the amendment as a ban on anonymity in crypto, with Tether CTO Paolo Ardoino describing it as a “big step back for human rights.”

EU Cracking Down on Unhosted Wallets

Dogecoin co-founder harshly criticizes Shiba Inu’s Metaverse

After the Shiba Inu team revealed the details of its Metaverse project, Billy Markus, Dogecoin co-founder, poured cold water on the project’s newest initiative in his recent tweet. Markus does not understand how selling fake land with Ethereum is supposed to enhance the utility of the Shiba Inu cryptocurrency. He also claimed that the Metaverse project is just a cash grab for developers who want to make even more money.

Shiba Inu's Metaverse Project Is Here. These Are the Top Features

Shiba Inu teases a year full of other surprises, here are its plans for development

In its recent blog post, the Shiba Inu team shared that 2022 is aiming to be “a year full of surprises,” yet again teasing the community with upcoming updates, highlighting Shibarium, the Layer 2 (L2) solution, and SHI, the Shiba Ecosystem stablecoin. The blog post followed Shiba Inu’s revelation of Metaverse project details. To stir up SHIB Army’s curiosity even more, the statement ends with this intriguing phrase: “But that’s not all.”

Public Testnet of Shiba Inu’s Layer 2 Solution to Launch "Very Soon"

Ripple partner QNB launches new payment solution in partnership with RippleNet

QNB Group, a Ripple partner, has introduced a new payment solution as part of its payments ecosystem and cross-border payment strategy with Ripple. The official bank sponsor of Smart City Expo Doha 2022, QNB Group demonstrated the RippleNet product at the two-day event organized by the Ministry of Communications and Information Technology. By being the first to market with RippleNet, QNB enhances cross-border payments and expands its remittance service across many nations.

article image
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.