Tag Archives: Dogecoin

Elon Musk, the CEO of Tesla Motors (TSLA) during the day and a Johnny-come-lately cryptocurrency influencer in his spare time, is no stranger to setting trends.  He can now add a special breed of dogs to that list.  On Friday Musk tweeted, “My Shiba Inu will be named Floki,” sending both dog and crypto lovers on a frenzy amid heightened interest around dogecoin (DOGE-USD), the digital currency that features the Shiba Inu dog.  Interestingly enough, dog breeders Tom & Sandie Rolenaitis… Source link

Unlike other cryptocurrencies like bitcoin (BTC-USD) and Litecoin (LTC-USD), Dogecoin (DOGE-USD) has no legitimate use and was created as a joke, Ric Edelman, founder of Edelman Financial Engines, told Yahoo Finance Live. “I am strongly opposed to Dogecoin, Doggy-coin, because it was invented as a joke,” Edelman said. “It was not serious. It has no legitimate use-case. It is not something that I think is doing the crypto community any good in its efforts to generate credibility and… Source link

(Bloomberg) — Dogecoin, the Shiba Inu-themed cryptocurrency started as a joke in 2013, outperformed top rivals in the week as it launched on the Coinbase exchange. While the biggest cryptocurrencies Bitcoin and Ether were up 6.2% and 14.9% over the past seven days respectively, Dogecoin advanced 24% over the same period as of 7:50 a.m. in London, according to CoinGecko pricing. While Coinbase said weeks ago that it planned to add Dogecoin, the announcement that it now supports the meme-based… Source link

Reuters Top Credit Suisse European FIG banker joins Jefferies -sources LONDON (Reuters) -Credit Suisse has lost a key dealmaker in Europe, two sources familiar with the move said, as a pay-driven exodus of top investment bankers which began in the United States spreads. Switzerland’s second-largest bank is struggling to retain staff after trimming bonuses to tackle losses of more than $5 billion stemming from the collapse of U.S. investment firm Archegos and the impact of suspending funds… Source link

More financial advisers are adding cryptos them to their clients’ portfolios. Photo: Getty Images Dogecoin (DOGE-USD) rose sharply after cryptocurrency exchange platform Coinbase announced it will begin accepting inbound transfers of the joke token that also continues to receive support from Tesla (TSLA) chief Elon Musk. The crypto was up 30% on Wednesday morning, trading at $0.42 (£0.3).  Musk, responding to the news about Coinbase, retweeted a picture that shows dogecoin taking over the… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, May 21, 2021 Retail and crypto are dominating market interest The year isn’t even half over yet, but it’s already been a memorable 2021 for market watchers.  The GameStop (GME) and meme stock drama, the latest bull cycle in cryptocurrencies, and Elon Musk tweeting have all created off-the-wall storylines that keep getting refreshed.  And… Source link

Dogecoin, which started as a joke crypto token, has swung to and fro on Elon Musk’s tweets. Photo: Yuriko Nakao/Getty Images The price of Dogecoin (DOGE-USD) spiked on Thursday, before retreating slightly, after Tesla (TSLA) founder Elon Musk again posted his support for it on social media. The cryptocurrency climbed as high at $0.40 (£0.28) from lows of $0.29 earlier in the day after a brutal sell-off on Wednesday. The price of dogecoin spiked immediately after Musk tweeted on Thursday…. Source link

Before Dogecoin (DOGE-USD) there was GameStop (GME). And before GameStop, there was Hertz (HTZ), the original meme stock whose bankruptcy last May and resulting zombie price surge (and fall and resurge) defined the original meme stock. Now, it’s back and better than ever. If you kept your cheap $1.50 Hertz shares from last summer that were expected to be worth zero dollars in a bankruptcy restructuring, you’ll have quadrupled your money. A new deal for the company’s assets would pay… Source link

When in February Glauber Contessoto decided to invest his life savings in Dogecoin (CRYPTO: DOGE), his friends questioned his mental soundness. Now that this decision has made him a millionaire (on paper), many may also be bewildered by his decision to not liquidate the investment. What Happened: Contessoto told The New York Times that his friends and family called him “crazy” when he made the decision that made him a millionaire. “It’s a joke coin. It’s a meme. It’s going to crash,” he… Source link

Watch: Coinbase set to offer Dogecoin Dogecoin soared on Friday after Elon Musk said he was working with the crypto’s developers to improve its efficiency as a means of payment. The Tesla (TSLA) boss, who has previously said his Dogecoin tweets shouldn’t be taken seriously, tweeted that he was “working with doge devs to improve system transaction efficiency” and said the work was “potentially promising.” The cryptocurrency, which was conceived as a joke in 2013, rose over 30% on Friday morning… Source link