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Top Crypto News: Ripple Lawsuit, SHIB Hack, and Airline Crypto Payments

Discover the latest updates in the crypto world, including the Ripple lawsuit’s impact, SHIB token hack, and crypto payments for airline bookings.
Published on 2023-07-03

Ripple Lawsuit's Growing Significance

The Ripple lawsuit continues to capture the crypto community's attention as its implications become increasingly significant. A key figure in the legal proceedings suggests that the outcome could have a profound impact on the broader cryptocurrency landscape. A favorable ruling for Ripple's XRP could set a positive precedent for other digital currencies. Conversely, a negative verdict might reinforce the SEC's current enforcement strategies, potentially limiting the trading options for Americans to major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

SHIB Token Hack by PolyNetwork

In a recent security breach, hackers targeted PolyNetwork, a cross-chain protocol, marking their second attack. The cybercriminals sold off a massive 94 billion Shiba Inu (SHIB) tokens, acquiring 360 Ethers (ETH) and additional assets such as 495 million COOK tokens and 15 million RFuel tokens. The stolen assets, valued at over $4.39 million, were quickly exchanged on various crypto platforms, including KuCoin, FixedFloat, ChangeNOW, and Tornado Cash. Further transactions involved swapping the stolen tokens for mainstream assets worth $1.22 million via Uniswap and PancakeSwap.

Airline Bookings with Cryptocurrencies

In an exciting development for crypto enthusiasts, a partnership with Alternative Airlines now allows the use of cryptocurrencies like Shiba Inu (SHIB), Bitcoin (BTC), and Ethereum (ETH) for booking flights. Supported by Binance Pay, this collaboration enables crypto holders to book over 600 airlines, offering a new level of convenience. Moreover, customers who book flights from July 1 to August 31 and pay via Binance Pay can enjoy a 3% discount, marking a noteworthy advancement in the practical application of digital currencies.

These developments highlight the dynamic nature of the cryptocurrency sector and its growing influence on various industries. As legal battles, security challenges, and innovative partnerships unfold, the crypto landscape continues to evolve.

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