QUICK TAKE Elon Musk reiterated his support for the cryptocurrency dogecoin in an interview at the Qatar Economic Forum today. The SpaceX and Tesla CEO is a proponent of digital assets, previously tweeting his support of crypto over fiat currencies. Elon Musk has reiterated his support for dogecoin in anContinue Reading
The top memecoins Dogecoin and Shiba Inu haven’t been spared in the latest crash in the crypto market as the coins are currently down 16% and 12%, respectively. Dogecoin And Shiba Inu Bleed Amid Wider Crypto Crash The memecoins had been having a rough time for a while now, muchContinue Reading
Dogecoin creator Billy Markus shared his view on the popular belief about cryptocurrencies being an inflation hedge. The creator of the memecoin believes that it is nothing but “marketing” and that people mostly trade or hold crypto because of its hyper volatile nature. The “inflation hedge” narrative about the cryptocurrency market appeared a few months ago, whenContinue Reading
In a recent interview with The Project, Dogecoin co-founder Jackson Palmer said that cryptocurrencies are the facilitator of scams: Because it is this thing that exists outside of the control of the government, because it is this irreversible transaction, it really has provided a means for scammers to come in and doContinue Reading
The Mexican food chain Chipotle has announced customers can now start making payments in Bitcoin, Dogecoin, and other cryptos using Flexa. Chipotle Starts Taking Bitcoin And Dogecoin Payments Through Flexa As per a post by Flexa, customers can now start paying at the Mexican restaurant chain Chipotle using digital currencies. Chipotle MexicanContinue Reading
In a recent interview with Bloomberg, Dawn Fitzpatrick, CEO of Soros Fund Management, predicted that Ethereum would gain “more traction” compared to Bitcoin. Fitzpatrick claims that climate impact will increasingly come into focus. This could hamper the adoption of Bitcoin, which relies on the energy-guzzling proof-of-work consensus algorithm. Ethereum is expected toContinue Reading
Don’t miss any events in the crypto industry with the top four news stories over the past weekend presented to you by U.Today. SHIB will now be burned via Amazon On Friday, May 27, the Twitter account of Travis Johnson’s SHIB burn games announced that SHIB Super Store, a regular canine coinContinue Reading
It was a relatively quiet week over on Crypto Twitter … other than a convicted felon calling an Ethereum co-founder “full of shit.” It was the eighth consecutive week of broader crypto market losses—although Bitcoin proved to be one of the more robust coins over seven days, taking just a 2% hit—butContinue Reading
Deepfake videos victimize all kinds of individuals. That includes influential people like Elon Musk. A new scam involving a Deepfake video of Musk spreading an investment opportunity that happens to be a dodgy or illegal crypto trading platform has gone viral. Crypto scams have been mushrooming quickly on Twitter, suchContinue Reading
Open-source code, in-app payments and… Dogecoin? Here’s what the Tesla CEO plans for the social media platform post-takeover. Since announcing his intention to take over Twitter in a $44 billion deal, Elon Musk has had plenty of time to elaborate on his ideas for transforming the platform. Cracking down on spam,Continue Reading