- Edward Snowden issues a crucial warning to Bitcoin developers about the need for privacy at the protocol level, following the decision by zkSNACKs to cease its coordination service in 2024.
- Dogecoin has been added as a payment option on Tesla’s website, but only for select merchandise, causing a surge in DOGE’s price.
- Shiba Inu could potentially double in value if it crosses a 110 trillion SHIB threshold, according to data from IntoTheBlock’s breakeven price indicator.
Edward Snowden warns Bitcoin developers about privacy, Dogecoin gets a boost from Tesla, and Shiba Inu could be on the brink of a significant price jump. Read on for the latest in crypto news.
Edward Snowden Issues Crucial Bitcoin Warning: “Clock is ticking”
As recently revealed, zkSNACKs, the company behind Wasabi Wallet, has decided to cease its coordination service starting June 1, 2024. This move has sparked significant concern among the crypto community, as it will affect not only Wasabi Wallet users but also users of other wallet clients connected to the zkSNACKs coordinator, such as Trezor Suite and BTCPayServer. Edward Snowden, the world-famous whistleblower, has taken to Twitter to warn Bitcoin developers about the need for privacy at the protocol level. “This is the final warning. The clock is ticking,” Snowden urged.
DOGE Officially Added to Tesla’s Payment Options, But There’s a Catch
Dogecoin, the meme cryptocurrency, has been added as an official payment option on Tesla’s website. However, it can only be used in the online Tesla Shop for purchasing merchandise. This development was enough to ignite excitement among the Dogecoin community, causing the price of DOGE to surge by more than 21% on Saturday, May 4, reaching $0.159. At the moment of writing, however, DOGE is trading at $0.156, down 2.70% over the past 24 hours.
Shiba Inu to Erase Zero? 110 Trillion SHIB Holds Key to 100% Price Jump
Shiba Inu could be set to make a significant shift in its price action, with a 110 trillion SHIB threshold holding the key to a potential doubling in value. Data from IntoTheBlock’s breakeven price indicator shows that over 327,000 addresses would need SHIB to raise to $0.00005 in order to break even. A successful breach above this threshold could potentially help SHIB remove a zero from its price. At the moment of writing, SHIB is changing hands at $0.0000243, down 2.43% over the past 24 hours.
Conclusion
In summary, the crypto world is buzzing with significant developments. Edward Snowden’s warning to Bitcoin developers underscores the importance of privacy in the crypto sphere. Meanwhile, Dogecoin’s addition to Tesla’s payment options, albeit limited, has given the meme coin a boost. Finally, Shiba Inu could be on the brink of a significant price jump if it crosses a crucial threshold. As always, investors should keep a close eye on these developments and make informed decisions.
