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You are here: Home / Archives for Dogecoin

Dogecoin

Dogecoin Creator and Influencer are at Loggerheads over Rug Pull charges

March 31, 2022 by Lipika Deka

Dogecoin founder Billy Markus and DOGE Influencer Matt Wallace are locked in a bitter fight, as the former accused Wallace of defrauding investors over the YouTuber’s newly created token. To give a better context, the feud started on March 23 March when Wallace revealed that he is planning to encourage the adoption of dogecoin payments by educating the retailers.

For his pet project, he attempted to raise funds by developing a new token dubbed Dogecoin, which Markus found suspicious. The Doge creator then sent out a tweet warning legal action against Wallace advising him to not release the token as it amounts to a trademark violation and asked him to stop talking about the coin.

"DogeTuber" Matt Wallace launches another shitcoin and it instantly rugs, lmao. Their telegram is pure chaos. pic.twitter.com/2mBOvFd06k

— Coffeezilla🇺🇦 (@coffeebreak_YT) March 30, 2022

But Wallace did not stop there. He along with his fellow YouTuber Myles G launched another token called AcceptCrypto on 30 March, whose inauguration was a huge flop causing its value to crash after seeing a 12,000% surge. That stirred the hornet’s nest and the dogecoin community accused Wallace and Co. of employing a pump and dump scheme which he vehemently denied.

Things went further south when the YouTuber threw auditing firm Solidity Finance under the bus claiming the latter to be responsible as they are the ones who created the actual code. Following this, the firm tweeted that even though they had created the code and audited it, they have no control whatsoever over the project and called the accusation as “disheartening.”

How did the Dogecoin founder react?

The uproar further infuriated Markus who responded via Twitter that he does not enjoy calling out scammers as it invites harassment and death threats because “Evil is Evil”. But can make an exception in this case, as he feels the reputation of the meme coin is at stake and urged the community members to take action.

Markus warned if not acted, this ‘disaster’ would have been named “accept doge”. The founder then explained to the users how one can identify a shitcoin and advised against investing in these tokens as they are rife with scams, and rug pulls. In his own words, the tweet read,

“What’s a shit token? every single BSC token ever made, if there’s an exception I don’t know about it. any “meme” token. Anything that has no use case. any token that people spam on threads. If you buy them, you’re stupid. if you make them, you’re stupid.”

Filed Under: Crypto Scam, News Tagged With: Billy Marcus, Dogecoin, Matt Wallace

Dogecoin themed UAE burger joint will let you pay in crypto

February 23, 2022 by Vignesh Karunanidhi

A new online-only restaurant in Dubai pays homage to the meme cryptocurrency Dogecoin (DOGE) with themed cuisine, packaging, and the possibility for customers to pay using cryptocurrency.

Doge Burger is a new virtual restaurant in Dubai, the United Arab Emirates’ most populated city.

The eatery bills itself as the “first online, Dogecoin-inspired e-commerce platform.” Rocket Kitchens, a virtual restaurant company, introduced Doge Burger. The chain’s first cryptocurrency-based hospitality idea is Doge Burger.

Burgers, chicken sandwiches, hot dogs, fries, and a variety of other foods are available at the restaurant. Some of the highlights in their menu include doge burger chicken, doge burger beef, and special hot doge.

Sandwich wraps include inscriptions like “HODL,” “Wen Lambo,” and “Satoshi Nakamoto,” the name of Bitcoin’s enigmatic founder. There are also various rocket ships and phrases like “to the moon” on the packaging.

Bitcoin BTC, Ethereum ETH, Binance Coin BNB, Crypto.com Coin CRO, Ripple XRP, Tether USDT, Shiba Inu SHIB, and Dogecoin are among the cryptocurrencies that may be used to pay for orders.

there's a doge burger virtual restaurant in dubai, where you can buy fast food burgers in dogecoin

apparently the entire endeavor was funded with the dogecoin gains of the founders pic.twitter.com/KRmdwuSmaU

— Shibetoshi Nakamoto (@BillyM2k) February 22, 2022

Dogecoin and its popularity among celebrities

Elon Musk, the CEO of Tesla, sent a tweet in January asking McDonald’s to accept DOGECOIN donations in exchange for him eating a Happy Meal on TV. Elon Musk’s statement was not only well-received, but numerous celebrities also weighed in to urge McDonald’s to embrace crypto payment options.

While Elon Musk’s initiative did not pan out as planned, another competing fast-food restaurant, MrBeast Burger, an American delivery-only fast-food chain founded by Jimmy Donaldson, gave Musk’s proposal a nod. If the meme-inspired coin received an RT, the corporation agreed to consider accepting it.

.@elonmusk if you retweet this we will work on accepting Dogecoin 🤝

— MrBeast Burger (@MrBeastBurger) January 26, 2022

What is Doge Burger upto?

Doge Burger seeks to contribute to the UAE’s rising use of cryptocurrencies by accepting all major crypto coins. The creators invested in Dogecoin early on in its development and used the proceeds to completely support Doge Burger.

Doge Burger isn’t the first restaurant in the UAE to accept cryptocurrencies; several eateries began taking cryptocurrency payments as early as 2014.

The UAE appears to have been leaping into the future recently. MetaTerrace, a mixed-reality crypto club in the DIFC, has recently launched as a destination for Dubai’s blockchain community as well as nightlife fans.

Filed Under: News, World Tagged With: Crypto payments, Dogecoin, UAE burger joint

Dogecoin leads crypto chatter on social media following Bitcoin

February 7, 2022 by Vignesh Karunanidhi

Dogecoin has constantly shaken the crypto market with its growth. But it has been on the downfall ever since Shiba Inu seems to have taken over its position in the meme coin segment. Dogecoin has amassed a sizable fanbase over the years, generating a hail of imitators such as Shiba Inu, Dogelon Mars, Samoyedcoin, and Doge Dash, among others.

Despite the fact that they are frequently made as a joke, these coins have the potential to become widespread. Dogecoin, for example, saw a significant increase in value on May 08, 2021, where it hit its all-time high of $0.7376. According to CoinMarketCap, it is presently ranking at the eleventh place in terms of market capitalization. As of now, DOGE has dropped 78 percent and is currently trading at $0.15 at the time of writing.

image 3

Dogecoin slowly growing as a social media sensation

The official Dogecoin Twitter account currently has more than three million followers. With 4.5 million followers, it is the cryptocurrency with the most followers behind Bitcoin. Shiba Inu, often known as the Dogecoin killer, is a close second with 2.7 million followers. In just one year, the Dogecoin Twitter account has grown by 681 percent in followers.

Dogecoin price surges began in 2021 with Elon Musk. He went out and tweeted to show his support for DOGE. Dogecoin investors often had an eye out for Elon Musk’s tweet, which continuously surged the price of DOGE—particularly following the announcement that Tesla will accept DOGE as payment for select Tesla-branded merchandise. Dogecoin achieved one million followers in April 2021 as a consequence of these rallies.

Will Elon go all in on Dogecoin?

On January 14, 2022, Elon’s tweet that Tesla will accept dogecoin for buying their merchandise surged the coin price almost by 20%.

Tesla merch buyable with Dogecoin

— Elon Musk (@elonmusk) January 14, 2022

The development of SHIB is considered due to Elon Musk sharing a photo of his Shiba Inu puppy on social media. This sparked speculation that Elon Musk will abandon dogecoin for a new meme token. But Elon has always shown his support for DOGE.

While it is possible to profit with meme coins, there is never a guarantee. These cryptocurrencies are much more volatile than conventional ones, and their value may drop instantly.

Do your homework before buying meme coins, just like you would with any other financial investment. Be wary if the coin has no history and information is difficult to get. A lack of a whitepaper or established team, as well as a whitepaper littered with typos and vague assertions, might be red flags.

Filed Under: News, Altcoin News Tagged With: Dogecoin

Dogelon Mars snags a spot on Huobi and Gemini

December 24, 2021 by Aishwarya shashikumar

Gemini, a prominent crypto exchange and custodian, followed suit and resorted to Twitter to reveal that Dogelon Mars token was available for custody and trading on their website and their mobile application.

“$ELON is now available for custody and trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on our mobile application and website for USD, GBP, EUR, and CAD pairs

Welcome to the Gemini family, #DogelonArmy”

After Gemini, today, Huobi Global, a Seychelles-based cryptocurrency exchange, one of the world’s leading assets platforms announced to its users and the world that it will be opening ELON (Dogelon Mars) spot trading (ELON/USDT) at 06:00 (UTC) on Dec 24.

Huobi, took to Twitter to announce the listing of Dogelon Mars on their platform.

🔊 YOU asked, WE listened! 🔊$ELON @DogelonMars will be listed on Huobi! 👇

First 200 users to
🔹 Comment and share
🔹 RT your favourite meme of Huobi x $ELON to stand a chance to share 2000 USDT worth of $ELON #Airdrop!

Comment and fill in the form below! 👇

— Huobi (@HuobiGlobal) December 24, 2021

So far, the altcoin has been listed on various exchange platforms like Crypto.com, Uniswap, OKEx, KuCoin, Gemini, and now on Huobi.

Dogelon Mars is a dog-themed meme coin that is based on Ethereum and Polygon. It follows the example of other successful coins like Dogecoin, Shiba Inu, and Floki Inu. The symbol on the coin is similar to that on Dogecoin but in Elon Musk’s appearance. the $elon token plays on several popular themes in the meme coin space. The name of this coin is a combination of the name of the Tesla CEO and his favorite cryptocurrency.

Restrictions and Reminders for Dogelon Mars users

Alongside the announcement, Huobi has also added a few commands to its users. During the first three minutes after Huobi commences the trading of $ELON, there will be a restriction on the price for limit orders of ELON to not more than 5 times the opening price. It is said that normal trading will resume after the 3-minute opening price restriction.

Huobi has reminded its users that in the case of no orders on the order-book within 90% -110% of the last price, all the new market orders that have been placed for buying or selling will be canceled automatically to prevent slippage.

Filed Under: News, Altcoin News, World Tagged With: altcoin, Crypto Market, Cryptocurrency, Cryptocurrency Exchange, Dogecoin, dogelon mars, Ethereum (ETH)

Cryptocurrency to be bought on BitPay at 0 fees

December 21, 2021 by Aishwarya shashikumar

Cryptocurrency can now be bought on the BitPay wallet app for no fees at all, but only for a limited period. This statement was out in a press release that was published by BitPay on 20 December 2021. BitPay also took to Twitter and announced that it has partnered with Simplex to offer 0% fees on the next cryptocurrency purchase.

We’re partnering with @SimplexCC to offer 0% fees on your next #crypto purchase. Happy holidays! Learn more: https://t.co/Ba1Z4Ps75O [US only] #bitpay #simple pic.twitter.com/EKNrzSaqLY

— BitPay (@BitPay) December 20, 2021

One of the world’s largest bitcoin providers and digital asset payment services, BitPay had announced in a promoted collaboration with Simplex, that BitPay Wallet users can now buy virtual coins without any additional charges through their wallet debit cards and ApplePay, only for a limited time.

According to BitPay CEO, Stephen Pair, this is a straightforward way for the residents of the USA that want to try out the world of digital assets for the first time to buy, store and spend crypto. He also adds,

 “BitPay wants to help consumers start to live life on crypto and by working with Simplex, we make it simple to acquire crypto by eliminating the need for users to navigate to a cryptocurrency exchange to fund the wallet.”

Typically, this collaboration is meant to counter-check the requirement of people to use a crypto exchange to fund their wallets. It was announced that users can instantly buy gift cards from hundreds of top retailers in-store and online with Bitcoin (BTC), Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum (ETH), Litecoin (LTC), Shiba Inu (SHIB) Wrapped Bitcoin (WBTC), as well as five USD-pegged stable coins BUSD, DAI, GUSD, USDP, and USDC.

Cryptocurrency market highs to be capitalized by users through this solution

The founder and CEO of Simplex, Nimrod Lehavi said that buying crypto usually involves fees to make a purchase with a debit or credit card making it difficult for those new to crypto, so by working with BitPay they are waving those fees for users so anyone, anywhere has the opportunity to enter into the crypto space and capitalize through this solution.

At the time of writing, Bitcoin (BTC) enjoyed a bullish market price at $48,660.41 with a daily high of 5.26%.

Filed Under: News, Altcoin News, Bitcoin News, World Tagged With: Bitcoin (BTC), BitPay, Cryptocurrency, digital assets, Digital Currency, Dogecoin, Etherium, Litecoin (LTC), Shiba Inu, virtual assets, virtual currency

Shiba Inu faces lawsuit by Ask The Doctor

December 21, 2021 by Aishwarya shashikumar

Shiba Inu seems to be facing a lawsuit filed by the Canadian company- ‘Ask The Doctor’. The company not only wants to file a lawsuit against the Dogecoin killer but also its creators.

The Canadian online medical service provider had earlier added $1.5 million (roughly Rs. 11.26 crore) worth of Shiba Inu (SHIB) to its balance sheet. The depredation saw the healthcare startup acquire approximately 31 billion SHIB tokens through crypto exchange Kraken, as the healthcare company prepared to start accepting the token as a payment option from its partners. This disclosure came up within hours of the startup tweeting that it had been receiving demands from Crypto users, specifically by the “SHIBARMY” to start accepting payments in the token.

https://twitter.com/askthedr/status/1466073125628653571?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1466073125628653571%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fgadgets.ndtv.com%2Fcryptocurrency%2Fnews%2Fcanada-healthcare-company-ask-the-doctor-adds-shiba-inu-token-payments-2635655

Soon after this, the company started to transfer all it’s coins to SHIB. While all was well, a certain tweet turned the two into foes.

Can't he be reported to the SEC for this tweet? 🤔 For market manipulation? pic.twitter.com/nBN89srbR4

— Prinny (@PrinnyMegido) December 21, 2021

This is when the true colours of the Canadian company showed. ‘Ask The Doctor’ was trying to captivate the Holders into buying another coin. this sort of a manipulation was not a foreseen one, this move was only in the interest of ‘Ask The Doctor’. Here on, the Canadian health provider started to call Shiba Inu a scam.

Shiba Inu founders threatened to be unmasked and sued

‘Ask The Docotr’ got into a twitter war with Shiba Inu followers, SHIBARMY and Shytoshi Kusama. They many a time shared articles regarding why Shiba Inu is a scam. Shytoshi Kusama has been threatened to be sued by the Canadian Company.

‘Ask the Doctor’ took to twitter to announce that they will be their legal team will be filing a law suit again $Shib and Shytoshi, seen as a responsible person with respect to Shiba Inu, for libel. They have also stated that they will be unmasking the true identity of the SHIB founders.

In their recent tweet, ‘Ask The Doctor’ has said that their legal team will be proceeding with filing of the lawsuit in the UK, tomorrow. At the time of writing, Shiba Inu was priced at $0.00003237 and was bullish at 9.07% in the last 24 hours.

Filed Under: News, Altcoin News, Crypto Scam, World Tagged With: Crypto, Dogecoin, Shiba Inu

Spencer Schiff finds Musk’s obsession with Dogecoin bizarre

December 16, 2021 by Aishwarya shashikumar

Spencer Schiff, a former goldbug and now an advocate for Bitcoin [BTC] finds it bizarre that Elon Musk is still so enthusiastically consumed by Dogecoin [DOGE].

Spencer Schiff, the son of an American stockbroker, financial commentator, and radio personality, Peter David Schiff, wonders why the Tesla CEO, Musk, cherishes the meme coin.

Elon Musk has been an evident supporter of the DOGE asset ever since 2019. He took to Twitter, not very long ago, to announce that his company, Tesla, will be accepting DOGE in exchange for some merchandise, specifics of the merchandise haven’t been mentioned though. Musk has always expressed his firm views of the altcoin and has been supporting cryptocurrency for a while now.

Elon Musk aware of Bitcoin Lightning Network, yet favors DOGE

The Time Magazine named Elon Musk ‘The Person of The Year” for 2021. The owner of the Bitcoin account, ‘Bitcoin Meme Hub’ posted a video of the interview and tweeted that it’s almost 2022 and the CEO of Tesla should know about the Bitcoin Lightning Network. Under this Twitter huddle , Spencer Schiff stated,

“He does. He’s mentioned it before. But for some reason he’s still obsessed with Doge, which is bizarre”

Lightning Network(LN) is a second layer to Bitcoin’s blockchain which is adduced to unblock it’s network by creating micro-payment channels between two parties, which makes the transaction faster, cheaper and more readily approved than those conducted directly on the Bitcoin blockchain. The scalability of LN is quite high, as capable as millions to billions of transactions per second across the network. According to Spencer Schiff, Elon Musk is aware of how Bitcoin LN functions, but he still calls the meme coin, Dogecoin his favorite.

Musk, in Time’s interview, said that Dogecoin is better for transactions in many ways. At the time of writing, Dogecoin was priced at $0.1827 and enjoys a bullish market with a soar of 1.75% in the last 24 hours.

Filed Under: News, Altcoin News, Bitcoin News, Blockchain, World Tagged With: Dogecoin, Dogecoin (DOGE), Elon Musk, Lightning Network, Peter Schiff, tesla

Another Indian Crypto Exchange embraces Shiba Inu and Dogecoin

December 14, 2021 by Lipika Deka

A leading Indian crypto exchange Unocoin finally lists the two most popular meme coins Shiba Inu [SHIB] and Dogecoin [DOGE] according to an announcement made on 13th December 2021 on the platform’s Twitter handle. The latest listing comes after a month when CoinDCX, India’s first crypto unicorn, announced the addition of Shiba Inu into its retail-focused application. Prior to that ZebPay, which is reportedly the oldest crypto exchange in the country integrated SHIB back on 13th October 2021.

With respect to the latest listing, the trading platform informed that its users would be able to trade DOGE against the Indian rupee. However, there is no fiat pair for the second-largest canine token Shiba Inu but can be traded against Tether, the largest USD-pegged stablecoin.

That being said, Unocoin was founded back in 2013, and is known as India’s leading BTC-INR trading platform, earning the tag “Indian Coinbase”. Earlier in October, the digital asset exchange added support for Unified Payment Interface [UPI] transactions, enabling its customers to deposit fiat to the forum significantly quicker. 

So far in the Indian crypto scene

Meanwhile, things haven’t budged much in the Indian crypto scenario. The latest update has been from the nation’s Finance Ministry informing during the winter session of Parliament in Lok Sabha [Lower House] that a bill on Cryptocurrency and Regulation of Official Digital Currency is under finalization for Cabinet’s approval. Previously, the Ministry mentioned that Prime Minister Modi would take the final call on the much highly anticipated crypto regulations in India.

According to Lok Sabha Bulletin, the aim behind the cryptocurrency bill is

“to create a facilitative framework for the creation of the official digital currency to be issued by the RBI. The bill also seeks to prohibit all private cryptocurrencies in India. However, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses.”

So far there have been multiple reports discussing the possible options for the bill -one of them has been including a ‘ blanket ban on all private crypto assets, partial ban, allowing all or just a selected few.’ However, the latest updates have been from sources close to the government who is supposedly mulling plans to give a deadline to the digital assets holders in declaring their assets with fines and jail terms for those who do not comply.

Filed Under: News Tagged With: Dogecoin, indian government on cryptocurrency, Shiba Inu, Unocoin

Dogecoin [DOGE] suffers bear’s wrath as support fluctuates

August 27, 2021 by Akash Anand

As the week drew to a close, the cryptocurrency market began leaning towards the bear. Altcoin graphs blinked green with Dogecoin [DOGE] suffering the biggest hit on Friday. The meme coin , after enjoying a bull run last week, fell by double-digit numbers as the market cap had a big chunk taken from it.

At press time, Dogecoin was trading for $0.227 while the market cap closed at lunch for $35.76 billion. DOGE’s 25 percent dip over the past week brought its daily trading volume to 2.157 billion. Sitting in the 7th position on the charts, Dogecoin still had some ways to go before overtaking its nearest competitor ie. XRP.

Dogecoin 1 hour:

doge 1 hr
Dogecoin [DOGE] suffers bear's wrath as support fluctuates 4

Technical indicators pointed to the cryptocurrency trying its best to level the playing field with a positive user sentiment push. Dogecoin’s immediate price support fell to $0.268 over the past 24-hours as the bull took charge of the market.

Bollinger bands- The upper band and the lower band moved parallel to each other with a lack of a strong Bollinger cloud.

Chaikin Money Flow- Dogecoin’s CMF crossed the zero line as the capital coming into the market overtook the outflow.

Relative Strength Index- The RSI was near the oversold zone which meant that more users were selling their DOGE than keep it.

Dogecoin 1 day:

doge 1 day
Dogecoin [DOGE] suffers bear's wrath as support fluctuates 5

In the long term, Dogecoin was still in its nascent stages. Recent price actions have allowed its volatility to be showcased with its histogram interspersed with green and red candles.

Chaikin Money Flow- Dogecoin’s sideways movement put a dampener on investor sentiments with capital influx dropping to 2-week lows.

Relative Strength Index- The RSI saw an uptick after a strong push by its user base. DOGE HODLers are driven by the sentiment that the cryptocurrency will “shoot to the moon” in the coming years.

Bollinger bands: Both the band’s formed an open mouth punctuated by Dogecoin’s last bullish run.

Filed Under: News, Altcoin News, Market Analysis Tagged With: Cryptocurrency, Dogecoin, Dogecoin (DOGE), Price Analysis

Dogecoin trades form the largest chunk in all of Robinhood’s crypto portfolio, says report

August 20, 2021 by Akash Anand

The start of the pandemic had triggered an avalanche of new users in the digital payment sphere. Several exchanges and trading platforms benefited from this spike as the new users used its services to their fullest potential. Robinhood was one of the companies enjoying a slice of the bull run with half-yearly earnings bettering all of the 2020s by a factor of more than 45.

In Robinhood’s second-quarter financial reports, the firm stated that the year-to-date earnings from cryptocurrencies were a whopping $233 million. The spike becomes apparent when compared to 2020’s earnings which were just $5 million. Officials from the company embraced the new wave of users and encouraged more to participate.

One surprising fact from the report was that 60 percent of the revenue came from Dogecoin trades. The meme coins massive spike in May had resulted in hundreds of thousands of new users. Elon Musk’s added jumpstart to Dogecoin’s spike further fuelled another influx of users. Since Dogecoin’s last run, the cryptocurrency witnessed price stagnations interspersed a few bullish spikes.

At press time, Dogecoin was trading for $0.29 with a total market cap of $38.97 billion. A 9 percent increase in the weekly timeframe had elevated the trading volume to $38.98 billion, placing it in the 7th position on the cryptocurrency charts. DOGE’s performance only made Robinhood’s cryptocurrency asset grow multifold.

The company’s total revenue was tagged at %565 million for the second quarter of 2021. This was a whopping 131 percent increase compared to the same time frame from last year.

Filed Under: News, Altcoin News Tagged With: Cryptocurrency, DOGE, Dogecoin, Robinhood

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