In May, Ethereum’s Co-Founder – Vitalik Buterin – burned 410,24 trillion Shiba Inu tokens which would now be equivalent to $27.8 billion. Additionally, he donated 50 trillion SHIB ($3.4 billion calculated at today’s prices) to India, struggling with the COVID-19 infection by that time. Five Months Difference Dogecoin’s success since the beginning of 2021 has led to the rise of many copycats that aimed to steal from its public attention. Arguably the most popular one is Shiba...
Read More »Crypto Price Analysis Oct-29: Ethereum, Cardano, Ripple, Shiba, and Doge
This week was very intense in terms of price action, and we take a look at Ethereum, Cardano, Ripple, Shiba, and Doge. Ethereum After a lot of anticipation, Ethereum has finally managed to set a new all-time high today. At $4,400, this new peak is a bit of a disappointment considering the previous one was at $4,380. The bulls did not have the strength to push higher, but this may change in the following week. Overall, another good week for ETH with a 6.3% rally. Chart by...
Read More »Blockstream CEO Adam Back Goes Against Meme Coins: A Low Res Gif of a Rock Has No Merit
The belief system between Bitcoiners and “Shitcoiners” continues to widen. While the two groups agree every once in a while, they are often completely on separate pages criticizing themselves. For clarity, “shitcoiner” may have varying meanings, depending on who’s speaking, but it is mostly used by Bitcoin maximalists to describe people who trade in other cryptocurrencies. Recently, Blockstream co-founder and CEO Adam Back blasted Shitcoiners, saying that they are terrible at...
Read More »Dogecoin Price Analysis: DOGE Facing Critical Decision Point, Breakout Can Quickly Lead to $0.3
Dogecoin is trading inside a symmetrical triangle and is getting close to its apex and deciding its next direction. As of now, a bullish breakout seems to have higher chances than the bearish case; however, anything might change. Once the resistance at $0.25 is cleared, DOGE will likely rally towards the next significant resistance areas found at $0.30 and $0.38. Such a move is likely to be quick and sharp, which is typical for the behavior of the meme coin. Key Support...
Read More »US Mortgage Lender UWM Will No Longer Accept Bitcoin Payments
United Wholesale Mortgage (UWM) – a leading mortgage provider in the USA – has decided to stop allowing its customers to settle payments in cryptocurrencies, citing “regulatory uncertainty” in the industry as a reason. Change of Heart In August, the Michigan-based wholesale lender – United Wholesale Mortgage – announced that clients could pay for home loans in Bitcoin and thus became the first major US mortgage lender to adopt digital assets as a payment method. Later on, it...
Read More »Ethereum Has The Most Upside Potential, Says Mark Cuban
The owner of the Dallas Mavericks – Mark Cuban – praised Ethereum and its native cryptocurrency as the investment option with the most upside potential. Speaking of bitcoin, he once again said it is superior to gold. Investors Should Pick ETH In a recent interview for CNBC, the American billionaire Mark Cuban advised beginners in the cryptocurrency industry to select Ethereum (ETH) as an investment choice. According to him, it has the biggest upside potential: “As an...
Read More »Mark Cuban: NBA Fans Prefer Paying with Dogecoin Because Bitcoin Is an Appreciable Asset
The owner of the professional basketball team the Dallas Mavericks – Mark Cuban – revealed that people don’t like buying tickets with their Bitcoin holdings because it is an appreciable asset. Instead, they employ Dogecoin, which is “easy to spend.” ‘Bitcoin Is a Little Bit of a Different Animal’ During an interview for Fox Business, the American billionaire Mark Cuban shared his views on some of the most popular cryptocurrencies. Starting with bitcoin, he said the asset is a...
Read More »Coinseed Ordered to Halt Its ‘Illegal And Fraudulent Operations’ Related to Dogecoin
The New York Attorney General (NYAG) – Letitia James – won the case against the cryptocurrency trading venue Coinseed. Following the court decision, the platform must shut down after it defrauded its customers by converting their funds into Dogecoin (DOGE) without permission. NYAG Scores a Victory against Coinseed According to a recent press release, Letitia James – New York Attorney General – won a court order against the digital asset exchange Coinseed and its Chief...
Read More »Elon Musk Tweet schießt Low Cap Coin zum Mond
Elon Musk flirtet immer wieder mit dem Cryptomarkt. Besonders auf Twitter haben seine Nachrichten großen Einfluss auf die Preisentwicklung zahlreicher Coins. Neben Bitcoin sind es vor allem die „Dog-Coins“, die von Musk mit einem simplen Tweet zum Mond geschossen werden können. Crypto News: Elon Musk Tweet schießt Low Cap Coins zum MondWer sein Geld in die Dog-Coins steckt, muss sich darüber im Klaren sein, dass dieser Micromarkt eine Volatilität aufweist, die noch um ein Vielfaches höher ist...
Read More »Elon Musk Bought a Shiba Inu Dog: New Dogecoin Copycats Skyrocketed as a Result
Tesla’s CEO – Elon Musk – bought a new dog and gave him a name (Floki) – so far, nothing out of the extraordinary. But the puppy’s name has caused fluctuations in the cryptocurrency space, with recently emerging coins called Floki skyrocketing in value. The Hype Around Meme Coins and Musk’s Role It’s safe to say that the digital asset industry has its rather controversial moments. Meme coins are typically a good example. Dogecoin – a token created as a joke in 2013 – surged...
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