2021 has been a busy year for all manner of crypto events – from the spicy tweets of Elon Musk and the ups and downs of Shiba Inu to the cryptocurrency ban introduced in mainland China and the legal battle in Ripple course with the SEC. Ahead of the countdown to 2022, let’s take a look at the top five news from the past day.
Shiba Inu developers tease big surprise in early 2022
The recent AMA session on Twitter The spaces held by the official Shiba Inu Discord channel have kept coin holders excited even as Queenie, the channel’s moderator, hinted at a big surprise awaiting the community in early 2022. To further intrigue plus SHIB supporters, Queenie didn’t go into specifics, leaving them guessing. Other than that, the moderator answered questions regarding Shibarium (it would be released “as soon as humanly possible”), Bone ShibaSwap (it will be used as a native token on Shibarium) and a rivalry with Dogecoin (it is “healthy” and most of the time just “joking”).
Ripple CTO Says It Optimized Bitcoin Code In 2011
David Schwartz, chief technology officer at Ripple, appeared to be working on optimizing BTC code for mining pool applications in 2011. It was first discovered in 2017 by big XRP supporter Tiffany Hayden, who checked out GitHub and found Schwartz among the large group of developers who tweaked the BTC code. Now the Ripple CTO openly admits this fact.
Schwartz is on the BTC Developer List along with Peter Todd and Gavin Andresen. The latter was chosen as the “main maintainer” of the open source Bitcoin code by Satoshi Nakamoto himself.
Shiba Inu whales increase their average possessions by 28%
According to recent data on the channel, the average SHIB Balance on whale wallets rose 28%, reaching 2.6 billion tokens. The surge in balances on whale-level addresses was detected after retracements during the rally rally that landed SHIB investors a 28% profit in four days. However, the Shiba Inu push came to an end due to the massive sell-off of larger cryptocurrencies such as Ethereum and Bitcoin, causing the coin itself to drop 13% in two days.
In addition to the increase in balance sheet value, the average value of Shiba Inu holdings on whale addresses also increased by around 18%. The value of Shiba Inu’s holdings has reached nearly $ 90 million at present.
Bitcoin Expected To Soar To $ 200,000 In 2022 By Brock Pierce
In his recent interview, the co-founder of Tether Brock Pierce told Fox Business that if Bitcoin hit highs of $ 100,000 next year, it wouldn’t hit it as something unexpected. He later added that in his opinion the flagship cryptocurrency could even exceed $ 200,000. Pierce believes that the key catalyst for Bitcoin growth will be a global uncertainty within the financial system. However, he does not view it as a gold-like hedge against inflation due to its risky and volatile nature.
Satoshi Era Bitcoin Wallet Activated After 10.5 Years
For the first time since 2011, a Satoshi era Bitcoin wallet woke up and moved his funds. Thanks to the massive growth of Bitcoin over the past decade, an initial investment of $ 8,425 turned into $ 23.7 million. The most likely explanation behind getting this awesome Bitcoin stash is that someone accidentally discovers or finally unlocks a dusty crypto wallet.
Right now, BTC is trading at $ 48,000, according to CoinMarketCap.