Crypto News Digest by U.Today

Make sure you don’t miss any major crypto industry events this past weekend with a roundup of the top four U.Today news stories.

Elon Musk: Senator Warren Who Hates Cryptocurrencies Should Leave Senate Forever

Elon Musk and Senator Elizabeth Warren debate appears to be heating up as the politician continues to criticize the Tesla CEO for “taking advantage” of average working people by not paying enough taxes. Even though Musk said he will pay the highest taxes of any individual in American history (more than $ 10 billion), the senator does not seem to be satisfied. Musk tweeted that Warren offers “a deeply disorderly lie” to Americans, then added that the US Senate and the state of Massachusetts “deserve someone better.”

Many members of the crypto community were quick to support Musk, including Dogecoin creator Bill Markus and none other than Peter Schiff. The latter called Warren “the real tax taker,” saying that Warren is accusing Musk of what she is doing herself.

SHIB’s burn rate will double in the next 60 days

According to a recent tweet from the owner of Bigger Entertainment, Steven cooper, the company’s SHIB burn rate is expected to double over the next two months. Cooper added that his team is “just getting started” as they are currently looking for new ways to burn Shiba Inu. According to the latest data from etherscan, in December, Bigger Entertainment burned seven million SHIB coins.

Burning coins is a common practice to increase the price of the asset. However, despite the community burning two billion SHIBs in November, the token continues to trade in the range of $ 0.000032.

Ethereum Co-Founder Vitalik Buterin Meets With Former Argentine President

Vitalik Buterin, co-founder of Ethereum, unexpectedly arrived in Buenos Aires and visited a crypto event organized by the Web3 The Graph protocol, where he met with former Argentine president Mauricio Macri. During a private meeting, they discussed the opportunities that cryptocurrencies and blockchain present. Later in his tweet, Macri described Ethereum as one of the “most innovative” decentralized technologies of the century.

SBI’s New Crypto Fund Allows Common Investors to Buy XRP, BTC, ETH, and Other Cryptocurrencies

Chinese crypto journalist Colin Wu shared that SBI Group, Undulation lead partner in Japan, is launching a crypto background for ordinary investors, where they can buy XRP, Bitcoin, Ethereum, LINK, Bitcoin Cash, and Polkadot. Before purchasing any cryptocurrency in the fund, investors will need to sign an anonymous partnership agreement with the SBI Alternative Fund. The investment must be in units of one million yen, with a minimum investment of five million yen.


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