According to Tony Richards – Head of payments policy at the Reserve Bank of Australia (RBI) – the assumption that 5% of the local population are Dogecoin owners is exaggerated. He also does not think that cryptocurrencies present a threat to the Australian dollar or the country’s financial network. Crypto Investors in Australia Are Not That Many The results of a recent survey revealed that one in every six Aussies is a cryptocurrency holder. Taking a closer look at the...
Read More »Bitcoin Reclaims $58K as Avalanche Taps New ATH (Market Watch)
Following a few days of price nosedives, bitcoin finally bounced off and added more than $2,000 of value. Most altcoins are also well in the green, with Shiba Inu adding double-digit percentages and Avalanche registering a new ATH. Bitcoin Reclaims $58K The past several days didn’t go well for the primary cryptocurrency. Shortly after tapping $69,000 for its latest price peak, the asset headed straight down and lost $9,000 in days. This culminated in a drop to $60,000 on...
Read More »Following FLOKI Ad Campaigns: London Wants to Ban Crypto Ads on Public Transport
The British authorities have reportedly urged Transport for London (TfL) to stop allowing cryptocurrency ads on its infrastructure. The move comes after Floki Inu – a meme coin named after Elon Musk’s puppy – was advertised on the city’s underground stations, buses, and trains for the last couple of weeks. Crypto Ads Are ‘Unethical’ “Missed Doge? Get Floki” – this was the slogan that appeared on some of London’s underground stations at the end of last month. Promising to...
Read More »Bitcoin Consolidation Continues, Avalanche Touched $100, Breaking New ATH (Market Watch)
Following the past few days of enhanced volatility, bitcoin has calmed around $64,000. Most alternative coins have also remained untypically stagnant on a 24-hour scale, with the apparent exception of Avalanche, which went on a roll and registered a new ATH. Bitcoin’s Consolidation Rolls On Last week was going quite well for the primary cryptocurrency as it had recovered from its dip to $60,000 and went on to chart new records. It broke the October peak of $67,000 on Tuesday...
Read More »Crypto Market Cap Lost $100B in a Day as Bitcoin Dropped to a Weekly Low
The bears continued to push bitcoin south in the past 24 hours, and the asset dropped to a weekly low of just over $62,000. Most altcoins are also in the red, with Litecoin losing the most value in a day. Bitcoin Saw a Weekly Low Just a few days ago, the primary cryptocurrency broke its previous ATH two times in a row, and the latest peak came at $69,000. As the community was anticipating another run up to $70,000, the entire landscape changed. Instead of going upwards,...
Read More »Dogecoin to the Moon in Q1 2022 as DOGE-1 Set for Launch by SpaceX
Dogecoin is reaching new highs, but not in the way one might think. Unizen – a smart crypto exchange ecosystem – has partnered with Geometric Energy Consumption (GEC) to fund a mission to the moon with Dogecoin. What’s more, it may be set for launch before any other mission of its kind. Dogecoin To The Moon, Literally The organizations are prepared to launch a 40kg Cubesat spacecraft into lunar orbit in Q1 of 2022. A CubeSat is a miniature satellite used for space research....
Read More »Bitcoin Consolidation Continues: BNB Crossed $100B Cap Nearing ATH (Market Watch)
Bitcoin’s indecisive price movements have continued in the past 24 hours, with the cryptocurrency staying above $60,000. Binance Coin has been among the best performers from the larger-cap alts as the asset has neared its ATH. BNB Eyes New ATH; AVAX Up 12% Most alternative coins were slightly in the red yesterday, as reported, but the landscape is relatively different today. Ethereum had fallen below $4,500, but a minor 2% increase on a 24-hour scale has driven the...
Read More »Market Watch: Shiba Inu Rebounds 20% as Bitcoin Struggles With $60K
Bitcoin continues with its untypically flat price movements as the cryptocurrency has stalled around $61,000 once again. Most altcoins have marked minor losses in a day, while Shiba Inu has recovered roughly 20%. Shiba Inu Bounces Off Most of the altcoin space is in the red today after the recent gains. Ethereum, which saw new all-time highs just days ago, is down by a bit more than 1% on a 24-hour scale and stands below $4,500. Cardano has slipped to $2, while Ripple,...
Read More »Pro Bitcoin Senator Cynthia Lummis Takes Aim at SHIB And Other Memecoins
The US Senator Cynthia Lummis does not believe memecoins such as Shiba Inu (SHIB) and Dogecoin (DOGE) are “here to stay.” She opined that Bitcoin (BTC) is the only decentralized commodity, while the rest of the crypto assets behave like securities. Memecoins Are Not Like Bitcoin Despite garnering a lot of attention and tapping new all-time highs during 2021, investors should beware when dealing with memecoins like Shiba Inu and Dogecoin, asserted Republican Senator Cynthia...
Read More »Burger King and Robinhood Will Give Away 2 Million Dogecoin to Customers
Fast-food giant Burger King has partnered with Robinhood to distribute cryptocurrencies to its customers. All buyers that make a $5 purchase will receive guaranteed Dogecoin, alongside a chance to win ether and bitcoin. Crypto With Your Combo Meal As detailed in a press release from Burger King earlier today, the new crypto giveaway is part of the business’ Royal Perks program. Members earn “crowns” for every dollar they spend at the restaurant, which may be redeemed for more...
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