Tesla’s Elon Musk Wants Coinbase to Become DOGE-Friendly
Tesla CEO and unabashed dogecoin fan Elon Musk wants the Coinbase exchange to end its “No DOGE Allowed” policy and list the meme-based cryptocurrency.
Musk tweeted an exclamatory “Yes” on Saturday after a Twitter user asked the billionaire investor whether Coinbase should enable the Shiba Inu-represented cryptocurrency on its platform.
A listing on Coinbase would expose dogecoin to a whole new breed of investor and thus unleash its potential. That’s because the U.S.-regulated exchange is considered synonymous with institutional investors and high net worth individuals. Tesla bought bitcoin worth $1.5 billion in February via Coinbase.
Recommended News
-
Market Wrap: Bitcoin Rallies Near $58K, Stocks Soar to Record Highs
Bitcoin (BTC) trading around $57,572.97 as of 21:00 UTC (4 p.m. ET). Climbing 2.11% over the previous 24 hours. Bitcoin’s 24-hour range: $54,323.61-$57,632.81 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. bitcoin trading on CoinbaseSource: TradingView The bitcoin market is back in bull mode but for one key attribute, almost like a missing tooth: low trading volume. Bitcoin’s price on Thursday extended its winning streak to a seventh day as a renewed appetite for risk-taking in traditional markets sent U.S. stocks to…
-
The EAFF E-1 Football Championship 2022 Begins. CoinW writes a new chapter of sports event cooperation.
On July 19 at 15:00 Beijing time, along with the opening of the Korea Women’s Football Team vs. Japan Women’s football match, the EAFF E-1 Football Championship 2022 was officially begun. In the next 9 days, a total of 12 matches, male and female soccer players from China, Korea, Japan, Hong Kong, China, and Taiwan will bring a feast of soccer to fans in Asia and around the world. It is worth mentioning that leading digital asset exchang, CoinW debuted in the EAFF E-1 Football Championship 2022 for the firsttime. According to…
-
Cryptocurrency Fund Flows Decline as Bitcoin Price Trades Sideways
Cryptocurrency fund inflows declined by roughly 58% to $99 million last week. Lower investor appetite for digital asset funds could reflect uncertainty over bitcoin’s price, which recently has traded in a range between $53,000 and $61,000. “Since the February price highs and heightened volatility, we have seen a steady decline in appetite amongst investors,” according to a report by CoinShares, a digital asset management firm. “We have also seen a decline in bitcoin investment product trading volumes to $713 million per day last week, versus $1.1 billion per day for 2021,” wrote CoinShares. Fund flow…
-
Whale Shark’s NFT Collectors Playbook
Thinking about buying some non-fungibles? Maybe you’re even thinking about investing? Maybe you still can’t wrap your brain around the idea of digital art being sold for $69 million, but you’re open-minded, you’ve done your homework and you think the rewards outweigh the risks. And maybe this is money you can afford to lose, so what the hell? [Obligatory disclaimer: Nothing that follows is financial advice. Investing in NFTs – or anything in crypto – is packed with risk and you can lose everything. Proceed with caution.] But if you’re trying to get your…
-
NFL Player Taylor Rapp Is Launching an NFT to Fight Anti-Asian Hate
A young defensive back with the Los Angeles Rams is the latest pro athlete launching a non-fungible token (NFT), hoping to use the sale to raise money, and awareness, to combat the wave of anti-Asian hate crimes this year. Taylor Rapp, the free safety entering his third season in the National Football League, completely lacks the star power of a Rob Gronkowski or a Patrick Mahomes, marquee players who leveraged their splashy brands into multimillion-dollar NFT sales earlier this month. But the backfield starter, who said he’s been hustling with his co-creators for…
-
Forget Buying the Dip, MicroStrategy Buys $15M of Bitcoin as It Nears the All-Time High
Business analytics firm MicroStrategy has made yet another large bitcoin (BTC, -0.15%) purchase, buying a further $15 million worth. MicroStrategy announced Friday it purchased approximately 262 more BTC at an average price per coin of $57,146, just a little over $1,000 away from the cryptocurrency’s all-time high. This latest purchase brings the firm’s total bitcoin holdings to around 91,326, bought for an average of $24,214 apiece. At the time of writing, this is equal to around $5.1 billion, compared to the approximate $2.21 billion MicroStrategy paid for them. The company’s share price has partly recovered from a…
-
Bitcoin Gains Ahead of $6B Options Expiry After Market Finds $50K Floor
Bitcoin rose for the first time in three days as traders looked past Friday’s record $6 billion expiration of option contracts to a stronger market next week as April begins. “Returns after prior bitcoin options expiration dates have tended to be positive,” David Grider, strategist at Fundstrat, told clients in an email. “The market is calm based on bitcoin VIX [a volatility index] falling, with room to fall further.” BTC was changing hands at roughly $52,700 as of 12:03 UTC (8:04 a.m. ET), up 2.9% on the day. An oversold signal on Thursday…
-
The Node: Beeple Sold Out. So What?
Not long after Mike Winkelmann, aka Beeple, received his $53 million in ether (ETH, +3.76%) (ETH) for selling a non-fungible token (NFT) through Christie’s (after fees), he reportedly converted the cryptocurrency into fiat. What was seen as a vote of confidence for this new technological medium – it was the third-largest art sale ever, right behind Jeff Koons’ “Rabbit” and David Hockney’s “Portrait of an Artist (Pool With Two Figures)” – might now be seen as a betrayal. He quite literally sold out. Beeple told The New Yorker on Monday, “I’m not remotely a crypto-purist. I was…
-
Crypto.com Launches Tool to Simplify Crypto Taxes
Crypto.com has launched a free service it says reduces the complexity of filing cryptocurrency tax returns. In a blog post Wednesday, the Hong Kong-headquartered exchange said its new tool provides “an estimation of taxable gains/losses on relevant crypto transactions,” which can be downloaded for tax filing. Users can import transaction records from supported exchanges and wallets via CSV files or using API synchronization where supported. Initially, the service is only available in Canada but will later be rolled out to other jurisdictions. When that happens, the tool will use country-specific tax calculation…
-
Hayek’s public chain
Hayek’s public chains are open-source public chains independently developed Hayek team based on the blockchain technology. To salute the Nobel Economics Prize winner Hayek, it is named Hayek. Hayek’s public chains apply the unique blockchain data structure and virtual machine design, apply the on-chain upgrading system and off-chain channel technology to realize expandability, high efficiency, usability, and interoperability of Hayek’s public chains, maximize protection of community completeness, solve the impossible trinity problem of the blockchain, and turn into the global top-notch public chains covering different fields including DeFi, payment,…
