PakGazette: Here are the top three news stories from the past day brought to you by PakGazette.
Community receives important warning about new threat: Details
XRPScan, a popular XRP Ledger Explorer, has recently issued an important warning to the XRP community on the The platform urged users to exercise caution and “do their own due diligence before trusting, buying or selling tokens on the public ledger.” XRPScan emphasized that, like any public blockchain, anyone can create an account on XRP Ledger and configure the fields however they want, and that explorers serve as neutral platforms that do not censor information unless absolutely necessary. In light of these concerns, XRPScan marked the suspicious account as spam as a temporary measure.
BlackRock (NYSE 🙂) CEO Suggests Price Could Hit $700,000
During a discussion with Bloomberg’s Francine Lacqua at Bloomberg House in Davos, BlackRock CEO Larry Fink claimed that the price of Bitcoin could rise to $700,000 with broader institutional adoption. Fink shared insights from a recent conversation with a sovereign wealth fund; The fund was asking the head of BlackRock whether it should have a 2% or 5% allocation. “If everyone adopted this conversation, it would be $500,000, $600,000, $700,000 per Bitcoin… By the way, I’m not promoting it. That’s not my promotion,” he said. As PakGazette previously reported, Fink consistently argued that Bitcoin can serve as an alternative to gold, as well as a hedge against currency debasement and political instability. According to SoSoValue, BlackRock’s iShares Bitcoin Trust ETF has surpassed $60 billion in net assets.
SHIB fires soar 5,785%
According to recent data from Shibburn, the SHIB community removed over 3.2 million SHIB tokens in the previous 24 hours. Thanks to their actions, the burn rate of the dog-themed meme crypto increased by 5,785%. However, despite this substantial increase in burning activity, the price of SHIB has remained relatively stagnant. Over the past week, the total amount of SHIB destroyed reached approximately 63.3 million tokens, although compared to the previous week, the burn rate saw a drop of 6.81%. On January 21, SHIB saw a temporary price rise of 7.71%, reaching $0.00002126, but then fell 3.85% to $0.00002043. This price fluctuation appears to be correlated with the movements of Bitcoin, which also hit a recent high before experiencing a drop. Earlier today, SHIB lost its crucial level of $0.00002, but the token finally managed to regain it, currently trading at $0.00002035, according to CoinMarketCap.
