Items tagged with Dogecoin
Is cryptocurrency a capitalistic scam, only benefitting the wealthy? That is what Jackson Palmer, co-founder of Dogecoin, seems to think after reemerging on Twitter to explain his take on the current state of crypto. On July 14th, Palmer addressed the frequent question of whether he will return to cryptocurrency after leaving Dogecoin behind. While his simple answer is “no,” there is much more behind this than meets the eye. First of all, Palmer believes that cryptocurrency is “an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially...
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It has been a tumultuous week for cryptocurrencies as many of the major coins have taken a nosedive off a cliff, such as Bitcoin sitting at $34,000 at the time of writing. As this is happening, many crypto exchanges, like Binance and Coinbase, are feeling the pressure and may be struggling for it. Citing issues like network congestion and partial outages, these companies temporarily paused transactions, either by choice or involuntarily but have now restored some service. Earlier this morning, Coinbase faced “intermittent downtime” on its platforms, tweeting that some customers were “experiencing some issues with logging in, seeing their balances, and trading.” The initial...
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Meme coins have been on the rise, with Dogecoin taking off and other cryptocurrencies attempting to follow suit. This has caused some trouble for the rest of the cryptocurrency world as fees have gone up and the legitimate cryptocurrency market is diluted. Now, one of the cofounders of Ethereum, Vitalik Buterin, has donated $1 billion in meme coins to a COVID-19 relief fund for India, which may have rippling effects. While Buterin donated quite a bit to other charities, the big donation of the bunch is 500 Ethereum, and a whopping 50 trillion SHIB worth roughly $1.14 billion at the time of the transaction was sent to the India Covid-Crypto Relief Fund. The founder of this fund, Sandeep Nailwal,...
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Elon Musk might not have done Dogecoin any favors when he hosted Saturday Night Live (SNL) over the weekend, but he's still bullish on the hot cryptocurrency. And as it turns out, it's not just Musk that is enamored with Dogecoin; SpaceX customers are also getting in on the action. Geometric Energy Corporation (GEC) yesterday announced the "Doge-1 Mission To The Moon" and that it will be paid for entirely using Dogecoin. The mission involves a 40-kilogram CubeSat that will ride aboard a SpaceX Falcon 9 rocket during a mission planned for Q1 2022. According to GEC, the lunar satellite will be tasked with obtaining "lunar-spatial intelligence" using its onboard cameras and sensors. SpaceX launching...
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Elon Musk giveth, and Elon Musk taketh away. Such is the case with Dogecoin, the "joke" cryptocurrency that has been on a dramatic rise during 2021 (especially during the past month). This past Wednesday, Dogecoin hit a high of $0.53, a dramatic surge from January 27th when it was trading at a minuscule $0.0075. The very next day, it was $0.65 and hovered around that price until last night. Last night, of course, is when Musk took his controversial turn as guest host of Saturday Night Live (SNL). Musk has been a regular champion of Dogecoin and has even referred to himself as the "Doge father." Dogecoin investors held watch parties for the SNL episode in hopes that Musk would praise the cryptocurrency,...
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Dogecoin may have started out as a joke cryptocurrency, but some investors who took it seriously are laughing all the way to the bank. That's because it just hit a new high, surging 30 percent in the past 24 hours to reach $0.53 cents. A small amount compared to crypto like, say, Bitcoin and Ethereum, but bear in mind Dogecoin was trading for a fraction of a cent at the beginning of the year. On January 27, Dogecoin was not even worth a penny, trading at $0.0075. But then it rose to over 3 cents the next day and trended at around 5 cents the following weeks, until mid-April when it jumped to around 40 cents, giving it a market cap of nearly $36 billion. Several factors led to its rise, like the...
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When people think of cryptocurrencies, they typically think of the big players like Ethereum or Bitcoin, both of which hit new heights this year. Besides these two major cryptos, there is a whole world of alternates out there that people have created, including a smaller meme-coin called Dogecoin. This coin was previously lower than a penny earlier this year and then shot up to $0.43 yesterday, so what exactly is going on here? Dogecoin is a cryptocurrency created by engineers Jackson Palmer and Billy Markus back in 2013 as a fun poke at the other cryptocurrencies coming up at the time. The Doge mascot, according to KnowYourMeme, is "a slang term for 'dog' that is primarily associated with...
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Dogecoin, a form of cryptocurrency that seemingly began as a gag based on a popular meme featuring Shiba Inu, is rapidly rising in value. How high it ultimately goes remains to be seen, but the joke coin currently has owners of the cryptocurrency laughing all the way to the bank, with their digital coin wallets in tow. These are interesting times we find ourselves in, folks. Everything you might have learned in Investing 101 went right out the window when, in recent weeks, the WallStreetBets subreddit turned the stock market into the so-called "stonk" market, drumming up interest in shares of struggling companies like GameStop, AMC, and others. Then the attention turned to Dogecoin. Back on January...
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In the last week, the GameStop fiasco has expanded to several other stocks and now cryptocurrencies. The whole event is becoming something of a meme, which has angered some people higher up the chain. Some companies, such as the now-infamous Robinhood, began to lock down what stocks and cryptocurrencies investors could buy, much to the ire of the internet and WallStreetBets. As Robinhood has fallen from grace, consumers are now looking for new platforms to buy stocks and cryptocurrency, and we have compiled some options to help you along. Buy Dogecoin And Other Cryptocurrencies Binance And Binance.US We list Binance and Binance.US first because it seems to be one of the most fully-featured cryptocurrency-buying...
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When I first caught wind of Markus "Notch" Persson's latest game, called Cliffhorse, the first thing I thought was, "Is this a joke?" As it turns out, it is a joke, and personally, I think it's a pretty good one. "Early Access" games are common, and it seems that everyone has an opinion on them. Personally, while I can appreciate their purpose, I'm not a big fan. There's such a big risk that a game will go unfinished (which has happened), that I am not sure I'd ever want to back a title being developed by a small company. In perusing the Web, I know I'm not alone. It appears that Notch feels the same way as well. After spending two hours in the Unity game engine, he created Cliffhorse, a game...
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