Crypto News Digest by U.Today

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Valeria Blokhina

Learn about the latest crypto industry news and updates with the U.Today News Digest!

U.Today gives you an overview of the crypto events of the past few days with the top four news.

JPMorgan CEO Slams Bitcoin as a Decentralized Ponzi Scheme

JPMorgan CEO Jamie Dimon once again slammed the world’s biggest crypto. While speaking at JP Morgan’s 41st Annual Healthcare Conference, Dimon slammed Bitcoin, describing it as a decentralized Ponzi scheme. JPMorgan’s CEO has maintained his negative stance towards Bitcoin since 2017 after calling it a “fraud”, and it appears he hasn’t softened to date. He sees it as a speculative “asset” that can never replace real money or become an efficient payment system.

map: https://u.today/jamie-dimon-slams-bitcoin-as-dirty-and-expensive

Shibarium Launch Will Trigger Massive Buys From BONE: PawZone Founder

According to a recent tweet from JD, founder of the SHIB-themed PawZone project, the launch of the long-awaited Shibarium Layer 2 protocol will become a driver for massive BONE token purchases. As JD stated, when Shibarium starts, all of its users will need BONE tokens to pay for gas charges on the network. So, tweets the PawZone founder, it’s only a matter of time before every SHIB holder starts buying BONE to prepare for the long-awaited release of Shibarium.

4 trillion SHIB transferred out of Binance, what’s going on?

Yesterday, January 10, tracker Whale Alert spotted a big trade carrying a huge SHIB of 4 trillion. The moving tokens are worth $34,736,666 and have been moved from Binance to an unknown wallet. The exchange has seen significant pullbacks due to the FUD that has engulfed Binance since the collapse of FTX. Previously, Binance saw over $12 billion in outflows in two months. However, the trading platform is still seeing inflows, with over $8 million recently moved by a MATIC whale.

Shiba Inu will be showcased at the world’s largest menswear showcase

Renowned fashion designer and SHIB partner John Richmond recently announced that he will be showcasing his new collection at the Pitti Immagine UOMO event in Florence. Richmond also hinted at featuring the crypto meme on the world’s best platform for men’s collections by adding See you there, SHIB Army to the tweet. Shiba Inu teamed up with John Richmond in February 2022 to release an NFT collection of fashion pieces.

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