Elon Musk Says Dogecoin Won’t Need To Match Visa’s Speed To Be Useful – Here’s Why

Business

The Daily Hodl 11 July, 2021 - 04:51am 15 views

Tesla CEO Elon Musk is still talking about Dogecoin’s future, discussing what the meme currency must achieve to stay relevant in the digital payments world.

This week, the tech billionaire took to Twitter to share his thoughts on how to improve Dogecoin’s digital payments system.

If Dogecoin (DOGE) aims to build a faster and less cumbersome base layer, other exchanges could work on top of it, says Musk. This strategy, according to Musk, could make the meme currency’s network superior to the networks of Bitcoin and Ethereum.

When asked if the DOGE network would need to be capable of settling transactions at the same speed as the Visa network, Musk argued that DOGE will not have to compete with Visa’s speed.

On-chain analyst Willy Woo rejects Musk’s thesis, claiming that Musk’s DOGE plans will return the world to a fiat-dependent state.

Even as the markets slow down, Musk appears to still be interested in Dogecoin’s development. In late June, Musk supported a proposal that would change the fee structure and policy of the DOGE network.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

COPYRIGHT © 2017-2021 THE DAILY HODL

Read full article at The Daily Hodl

Is Elon Musk's Toxic Reign Coming to an End? - The Tokenist

The Tokenist 10 July, 2021 - 04:43pm

Elon Musk got his first major financial breakthrough when he sold his Zip2 company to Compaq in 1999 for $307 million. Three years later, as a co-founder of PayPal, he sold it to eBay for $1.5 billion. Established business pedigree and these two financial injections were sufficient for him to focus on more concrete projects:

If you were to craft a fictional billionaire character with an exciting background, you wouldn’t have it be about payment processors or business directories. Instead, it would be about transformational technology:

Without going into the details of Tesla’s and SpaceX’s overreliance on government subsidies, each level of Musk’s engagement is straight out of a CyberPunk novel. This alone provides a solid foundation for his global notoriety.

However, what Musk is most popular for nowadays has nothing to do with his main professional focus. Musk seems to have found that leveraging social media influence is a great resource.

What is Google to search engines, Twitter is to social media. However, when Elon Musk joined Twitter in 2009, it was not a big deal as it is now. According to Pew Research data, only 19% of online adults took advantage of Twitter in the Fall of 2009.

Interestingly, this is the same year that Bitcoin launched. Yet, it took over eight years for Musk to notice its existence. In January 2018, he first mentioned the concept of cryptocurrency. A month later, he admitted he didn’t own any cryptos, apart from some BTC a friend sent him that he lost.

Not sure. I let @jack know, but it’s still going. I literally own zero cryptocurrency, apart from .25 BTC that a friend sent me many years ago.

This was a peculiar admission given that his fortunes started in the financial arena, making it easier to execute borderless payments via PayPal. Moreover, for one who has shown interest in cutting-edge technology, it is curious that he wouldn’t engage in cryptos until at the very late adoption stage in 2018. Until then, Elon Musk’s Twitter had under 10 million followers, generating exponential growth and engagement ever since.

Taking his words for granted, his exposure to cryptos came from online crypto spammers he encountered on Twitter. One would expect this exposure vector for an average Joe, not a tech-oriented, self-made entrepreneur who tracks the state of emerging technologies. Whatever the case may be, the period after 2018 was when Elon Musk began to weaponize Twitter.

On September 29, 2018, Musk had to settle a fraud lawsuit with the SEC for violating securities market manipulation with his Tesla tweets. The penalty was $40 million, which represents 40% of the funds he allocated to Neuralink up to July 2019. Since then, his crypto disruptions have become more extreme over time.

The Tokenist was one of the first news outlets noting Musk’s corrosive influence on the crypto space as a latecomer, documenting his multiple escapades on both Dogecoin (DOGE) Bitcoin (BTC) fronts. If you hadn’t yet subscribed to the Tokenist newsletter, you can revisit the extensive coverage of Musk’s disruptions here, to just list the few:

Whether Elon Musk is running out of billions worth of green credits, or his personality is such that inherently causes friction, is a matter of speculation. The fact remains he is looser with the SEC’s lawsuit stipulation to check his tweets with lawyers when it comes to cryptos. They may apply to securities, but the crypto space is still largely unregulated, giving Musk an inroad to crypto market shenanigans.

A day after shilling for Baby Doge, his Dogecoin tweet, depicting a man surrounded by alluring women staring at DOGE graph, had barely any impact on its price. This may have something to do with his performance on the SNL sketch.

Feeling confident #Bitcoin hits new ATH July 8th https://t.co/RXvg2T2leG

Hardly anyone boasts Musk’s 58 million follower count, but dozens of social media influencers are on the same page as Keiser. By wiping out the wealth of thousands, Musk had already achieved a record low level positive-to-negative sentiment in May, according to Awario sentiment tracking firm relayed to Yahoo News.

This disillusionment was bound to happen. As the story of the boy who cried wolf tells us – the people will not blindly trust one loud voice forever.

One email every Friday, everything that matters in the new era of finance.

Advertising Disclosure: Some offers on this page may promote affiliates, which means The Tokenist earns a commission if you purchase products or services through the links provided. All opinions expressed here are the author’s and not of any other entity. The content at The Tokenist has not been endorsed by any entity mentioned at the site. For additional information, please review our full advertising disclosure.

Study: Bitcoin and Dogecoin are the First Investment for 45% of Young Britons

CryptoPotato 10 July, 2021 - 02:27pm

Your browser is ancient! Upgrade to a different browser or install Google Chrome Frame to experience this site.

Almost half of the young Brits choose the crypto market as the first investment option in their lives but most have used debt to do so.

Nearly half of the UK residents aged between 18 and 29 admitted that their first investment was in digital assets. However, more than 50% of the youngsters used debt to purchase cryptocurrencies.

A recent poll conducted by Opinium for the investment platform Interactive Investor revealed that 45% of 18-29-year-olds in the UK dived into the crypto market as a first-time investment in their lives.

Out of all digital assets, bitcoin is by far the most popular among the youngsters as more than 20% of them invested in it. Interestingly, the “meme coin” – Dogecoin – is also one of the most preferred cryptocurrencies.

However, 56% of the participants admitted that they had taken on debt to fuel their bitcoin purchases. 23% of the attendants used their credit cards to allocate funds in the digital asset, while 17% went for student loans. A further 16% employed another type of loan.

Myron Jobson – a personal finance campaigner at Interactive Investor – described this percentage as distressing:

“Young adults using credit cards, student loans and other forms of debt to invest is a worrying trend.”

He sounded a note of caution for the youngsters that the huge debt could damage their credit scores and “therefore cause financial obstacles later in life.”

Speaking of the long-term period, 20% of the attendants revealed that they would store their savings in cash over a 10-year period. Crypto ranked second with 16%, while investment in shares placed third with 14%.

The British people seem to have boosted their interest in cryptocurrencies as recent research revealed that about 78% of adults have heard of digital assets. Moreover, nearly 2.3 million individuals hold or have owned virtual currencies at some point.

It is worth noting that the way UK residents think about crypto has also changed dramatically. They no longer see cryptocurrencies as speculative assets but rather as a serious investment option or alternative to traditional investments. As a matter of fact, last year, 38% of the people compared the crypto market to gambling, while the percentage nowadays has dropped to 9%.

Interestingly, the number of investors who check their balances daily increased to 29% – more than double from 13% in 2020. Overall, most of the Brits are long-term bullish. The survey revealed that nearly 50% of cryptocurrency hodlers plan to increase their exposure trusting that “they’ll make money at some point.”

Sign-up FREE to receive our extended weekly market update and coin analysis report

Think Dogecoin Days Are Over? These Indicators Suggest There's More To Come | Benzinga

Benzinga 10 July, 2021 - 10:01am

Over the last 30 days, Dogecoin (CRYPTO: DOGE) has plunged nearly 36%. This could give rise to the feeling that the DOGE days are over, but the Shiba Inu still has a lot going for it. Here are factors that could see DOGE rise again: 

DOGE Is A Social Animal: The greatest strength of DOGE is its loveable nature and that doesn't seem to have gone anywhere. The cryptocurrency has a strong and loyal following in the form of a DOGE Army. A measure of the numbers can be gauged by the fact that r/Dogecoin, a seven-year-old community on Reddit is 2.1 million strong.

See Also: How To Buy Dogecoin (DOGE)

DOGE attracts a lot of activity on Twitter Inc’s (NASDAQ:TWTR) platform as well. The cryptocurrency frequently tops the list of top 10 mentions on the social media platform, as arranged by CoinTrendz. At press time, the cryptocurrency was mentioned in 5,522 tweets over 24 hours, which is marginally less than the apex cryptocurrency Bitcoin's (CRYPTO: BTC) 5,673 mentions.

The popularity of DOGE is on the upswing as can be evidenced from the fact that the meme coin is now more popular than BTC among eToro users in the United States.

Doggie Doodles: A good gauge of the strength of the Shiba Inu-themed coin is the popularity of its co-creator Billy Markus’ non-fungible token or NFT art.

The Dogecoin co-creator is a veritable doodle machine. On his website, Markus observed, “people are buying [the low effort Doodles] for some reason.” 

A “Crappy Dogecoin Doodle” NFT that Markus created in his underwear attracted a bid of $3,192 last month — 1,500 times over his asking price

Markus is releasing new Crappy Dogecoin Doodles every Monday on the Rarible marketplace. As of press time, Markus had 11 NFTs on sale, while he has created 38 such pieces.

The Dogecoin co-creator has said that he would stop creating these NFTs if not for the demand remaining high. 

Big Money Memes: Markus told Benzinga in March that what sets DOGE apart from “thousands of failed coins” is being a meme.

“The meme is a 7 billion dollar brand right now – no one would have heard of it in the first place if it wasn't a meme, Elon [Musk] wouldn't tweet about it, etc,” said Markus.

See Also: Dogecoin Has A 'Meme Shield' Against Price Drops, Says Elon Musk

Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s tweets have kept coming, whether the coin goes up or down. Late last month, the Tesla and SpaceX boss revealed on Twitter that his Shiba Inu dog would be named Floki

In addition to moving the DOGE price on the day of that tweet, a cryptocurrency called Floki Inu (FLOKI) also emerged quickly and skyrocketed.

Last week, Musk tweeted a modified version of the lyrics from the children’s song “Baby Shark”. The “Baby Doge” lyrics were construed as support for Baby Doge Coin (CRYPTO: BABYDOGE), which shot up over 200% post the tweet. 

On the same day as the Baby Doge tweet, Musk also put out a tweet with a Godfather meme that read “Release the Doge!” The cryptocurrency reacted with a sharp spike.

DOGE has no shortage of celebrity following — Musk, “Shark Tank”  fame Mark Cuban, Snoop Dogg are just some names, but the following is still growing. Recently singer and actor Dionne Warwick also tweeted about DOGE.

Even in the cryptocurrency universe, DOGE draws followers. Ethereum co-founder Vitalik Buterin revealed recently that he was a DOGE holder and it had been one of his best investments.

To The Moon: DOGE aficionados often articulate their desire for upwards price action by using the phrase “to the moon.” It so happens DOGE is slated to go to Earth’s satellite — literally. 

Musk’s SpaceX and Geometric Energy Corporation are planning a “DOGE-1 Mission” which also has an NFT aspect attached in 2022. The NFT art could be programmable, dynamic, and could even be streamed back to Earth, as per a Hypebeast report.

As the buzz builds around DOGE going to the Moon, it is plausible that DOGE will capture the imagination of the people on this planet.

Musk noted that a “new space race has begun” as Bitmex, a cryptocurrency exchange, announced plans to send Bitcoin to the moon ahead of DOGE in the fourth quarter of this year.

DOGE Reform Club: Then there is change, there are serious plans afoot to improve DOGE as it exists today. Late last month, Musk stressed the importance of supporting a fee change proposal that advocates for the revision of the default fee rate to 0.01 DOGE. 

Markus told Benzinga that he has “strong opinions” on low transaction fees. The DOGE co-creator said, “I think Dogecoin is getting back to its roots by reducing the transaction fee, which allows people to tip small amounts or spend small amounts.”

“The fee has been 1 DOGE since 2014, and I'm really glad to see it being reduced as the price has gone up more than 1000x since then.”

Others like Buterin and Cardano (CRYPTO: ADA) founder Charles Hoskinson have also spoken out on how to shore up DOGE technologically.

See Also: Vitalik Buterin Says He Loves 'Doge,' Suggests Dogecoin-Ethereum Collaboration For Scalability

In an interview with Lex Fridman in June, Hoskinson said that Musk’s development push could give DOGE a “value floor.” He touched on Dogecoin and Cardano working together and said that “would be a lot of fun.”

However, for Markus “Value Floor” doesn’t make sense. He said, “The value is always whatever people are willing to buy it for at any particular time. It's not necessarily about how many bells and whistles it has. It's if people want to buy it.”

Read Next: EXCLUSIVE: Dogecoin Co-Creator On Development Efforts Says 'No Knock On Elon,' Others But Actions Speak Louder Than Words

Click here, or sign up for our newsletter to explore more of Benzinga's Cryptocurrency market coverage, in-depth coin analysis, data, and reporting.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the Latest Sports Betting News, Analysis, and Odds on Benzinga!

$27 of crypto when you complete education

$25 in BTC when you deposit $100

4 free stocks when you depost $100

© 2021 Benzinga | All Rights Reserved

Elon Musk Offers Devs Specific Directions on Making Dogecoin Superior to Bitcoin and Ethereum

U.Today 10 July, 2021 - 07:12am

Tesla chief executive Elon Musk who is known to be the most influential Dogecoin fan. On July 9, he published a Twitter post, suggesting that after the major upgrade DOGE will become superior to Bitcoin and Ethereum as the meme coin will offer much faster and cheaper transactions than these top-line blockchains.

This upcoming upgrade of DOGE is expected to boost the speed of the coin’s base layer transactions and bring down the fees at the same time.

In response to his tweet, an IT engineer Pranay Pathole wrote that Dogecoin is already 15 times faster than Bitcoin. However, he pointed out that making block speed ten times faster is going to be hard.

Elon responded, suggesting a way how DOGE devs should implement this task. He tweeted:

Block size & frequency should steadily increase to match broadly available bandwidth

In response to his Friday’s tweet that promised to make DOGE faster and cheaper than BTC and ETH, two Bitcoin community influencers, Gabor Gurbacs and Samson Mow, tweeted that one nuance seems to be forgotten by Musk – Dogecoin is merge-mined with Litecoin.

Litecoin’s transactions are also slow but LTC and DOGE are mined together. This was done in 2014 to prevent 51 percent attacks against DOGE.

Now, if the meme coin transaction speed is to be boosted greatly, developers would have to hardfork DOGE from Litecoin first or suggest another solution.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.

Dogecoin Millionaire Glauber Contessoto Reveals Origins of DOGE Popularity as Crypto

U.Today 10 July, 2021 - 03:39am

The 33-year-old Dogecoin holder Glauber Contessoto, who has recently become a millionaire not only in DOGE but it fiat as well, when the meme coin surged to an all-time high of $0.74, has taken to Twitter to offer a joke explanation for the growing popularity of DOGE as a cryptocurrency.

The DOGE lover admitted that he had done some “extensive and intensely laborious” research to find out “the secret” of the Dogecoin popularity.

Finally, he brought up the popular Superman comic book character and his dog, the superdog, named Krypto.

Hence, Glauber Contessoto, the dog turned into “Doge” and Krypto became “crypto”. Besides, he reminded the community that since dog is a man’s best friend, Doge is the “best crypto”.

After some extensive & intensely laborious research I have finally discovered why #Dogecoin is the best crypto. You guys remember the old Superman cartoons and comic books? Dog is a man’s best friend right? Well guess what SUPERMAN’s DOG’s NAME WAS - Krypto.. I rest my case #DOGE

As reported by U.Today previously, Glauber Contessoto had given up his day job in a HipHopDX online music magazine in Los Angelis to focus on growing his personal brand of a Dogecoin millionaire on the Web.

He has a YouTube channel with almost 80 thousand subscribers, however, he does not monetize his channel yet but so far just sells DOGE merch on his personal website and makes videos about DOGE on YouTube full time now.

On Friday, July 9, the boss of Tesla and SpaceX Elon Musk, who is also the biggest and the most influential fan of Dogecoin, promised in a tweet that after an upcoming major update DOGE would be way faster and superior to Bitcoin and Ethereum.

However, later on crypto influencers Samson Mow (CSO at Blockstream) and Gabor Gurbacs (director of the digital asset division at VanEck asset manager) reminded Elon that Doge has been merge-mined with Litecoin (a fork of Bitcoin) since 2014.

This means that DOGE is being mined together with Litecoin, which also has slow base layer transactions. To change that, Dogecoin devs would first have to hardfork the meme coins away from Litecoin.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.

Dogecoin Gains 8 Percent After Elon Musk Shows Support on Twitter

Gadgets 360 10 July, 2021 - 03:10am

Elon Musk has thrown his weight behind Dogecoin on several occasions and it's no secret now that he wants to take it to the next level. The "Dogefather" regularly tweets about the Shiba Inu face-themed currency, that started as a joke currency but now has a staggering market cap of Rs. 2.1 trillion. On July 9, the Tesla CEO warned that Bitcoin and Ethereum — the world's two biggest cryptocurrencies — were pursuing a multi-layer transaction system, but their transaction rate was "slow" and cost "high."

Musk's comment came as a response to a tweet by Dogecoin investor and YouTuber Matt Wallace. "Reminder: The Dogecoin update is coming soon. It will position Doge perfectly to become one of the most used currencies in the world," tweeted Wallace on Friday.

Reminder: The Dogecoin update is coming soon! It will position Doge perfectly to become one of the most used currencies in the world.

Replying to the tweet, Musk wrote, "BTC [Bitcoin] and ETH [Ethereum] are pursuing a multilayer transaction system, but base layer transaction rate is slow and transaction cost is high."

"There is merit imo to Doge maximizing base layer transaction rate and minimizing transaction cost with exchanges acting as the de facto secondary layer," he added.

That's not it. Musk engaged with a couple of other users as well. Twitter user @PPathole, for instance, underlined that Dogecoin was already 15 times faster than Bitcoin.

"Fee drop is easy to achieve. Block size increase is easy to achieve. Block time speed up by 10x is the hardest part," he wrote.

Musk responded, "Block size and frequency should steadily increase to match broadly available bandwidth."

Block size & frequency should steadily increase to match broadly available bandwidth

Another user, @TeslaGong, then asked, "What would be a sweet spot for the number of transactions per second - should it reach the speed of Visa to be really useful?"

What would be a sweet spot for number Transaction per second - should it reach the speed of Visa to be really useful ?

The Dogecoin enthusiast was once again quick to respond and explain that it didn't need to reach the Visa speed since regulated exchanges will act as de facto second layer. 

"But the perfect should not be the enemy of the good – it is still good to increase base layer transaction speed & lower base layer transaction cost," Musk added.

In May, Musk, replied to a tweet by a Dogecoin fan, said that to win "hands down", the meme-based currency needed to speed up block time, increase block size by 10 times and drop the fee 100 times. "Then it wins hands down," he tweeted.

Ideally, Doge speeds up block time 10X, increases block size 10X & drops fee 100X. Then it wins hands down.

"For those bad at math, 100X higher transaction volume with 100X lower fees means total fees earned stay the same. Low fees and high volume are needed to become the currency of Earth," he wrote in another tweet. 

For those bad at math ????, 100X higher transaction volume with 100X lower fees means total fees earned stay same. Low fees & high volume are needed to become currency of Earth.

Following an active presence and explanation of various aspects of Dogecoin by Musk, the crypto token — after having dipped nearly 10 percent on Thursday — gained 8 percent on Friday. On July 10, as of 1:35pm IST, Dogecoin was trading at Rs 16.17, up 94 paise from Rs 15.16 when it closed last.

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.

Breaking down Elon Musk’s latest market-moving Dogecoin tweet

Yahoo Finance 09 July, 2021 - 09:00pm

With yet another market-moving tweet on Friday, the Tesla chief—who famously dubbed himself “The Dogefather”—lifted Dogecoin out of its recent slump, driving the crypto meme-coin back above 22 cents after a steady decline that had seen it slip below 20 cents on Thursday. That’s still a long way from Dogecoin’s heady highs in May, when it broke 74 cents in the buildup to Musk’s hotly anticipated Saturday Night Live hosting appearance.

But while the notion that Musk can move the crypto markets with the push of a button is well established at this point, it was his thoughts on the wonkier aspects of digital currencies that made this instance particularly curious—especially for those not well-versed in their technical intricacies.

In responding to YouTuber and Dogecoin investor Matt Wallace’s observation that upcoming updates would “position Doge perfectly to become one of the most used currencies in the world,” Musk pitched his own thoughts on upgrades to Dogecoin’s blockchain transaction system that, in his view, would give it an advantage over Bitcoin and Ethereum. 

Whereas Bitcoin and Ethereum are encumbered by transaction rates that are too “slow” and transaction costs that are too “high,” according to Musk, Dogecoin could avoid such issues by using exchanges like Coinbase and Binance as a “de facto secondary layer” to process transactions—in theory enabling them to be quicker and more efficient. 

As Musk noted, both Bitcoin and Ethereum have pursued “multilayer” transaction systems that aim to alleviate such issues, with Bitcoin’s Taproot upgrade expected to roll out this coming fall. But in the case of Dogecoin, the Tesla CEO appears to believe that it would be better served deploying crypto exchanges as an additional layer to allow faster, cheaper trades.

As Bitcoin.com notes, Dogecoin developers are currently working on the updates that Wallace mentioned in his original tweet, which promise to lower Dogecoin’s fee structure and increase transaction rates. And there were no shortage of crypto-conscious Twitter users who responded to Musk to mention existing blockchain platforms that they said could do the job asked, such as Lightning Network and Solana.

If the idea that crypto exchanges could serve as a “de facto secondary layer” to authenticate and process Dogecoin transactions seems curious, if not questionable, that’s because it could very well be. David Sacco, a professor at the University of New Haven’s Pompea College of Business, tells Fortune a system granting third-party crypto exchanges a role in processing transactions seems “counterintuitive” to the very appeal of cryptocurrencies and their underlying blockchain technology.

“Cryptocurrency is about transacting peer-to-peer without third parties; the value of crypto comes from that [blockchain-enabled] impenetrability that allows it to exist without any third party,” Sacco notes. In that regard, Musk’s suggestion “is a bit of a conflict for me," he says.

There’s also the possibility that granting an outsized role to certain exchanges could hinder Dogecoin’s overall “fungibility,” according to Sacco, by making it harder to trade the coin on certain platforms not involved in its transaction process. “It sounds like Ethereum and Bitcoin are doing [upgrades] that make these currencies more fungible and easier to trade,” he adds. “If Dogecoin goes its own route, I don’t know how that makes it more attractive.”

Of course, when discussing Dogecoin, it’s hard to discount the thoughts of Musk—who, more than any other person, is most responsible for the phenomenon that is Dogecoin, and has also played a sizable role in the promotion and adoption of cryptocurrencies at large. As ever, the wider crypto world is left to watch his Twitter account and see what happens next.

This story was originally featured on Fortune.com

The Israel Investment Fund Group (IIFG) has announced they have invested a whopping $2.3 billion in bitcoin (BTC).

Speaking at Talent Land Jalisco 2021, multi-millionaire American philanthropist and entrepreneur Steve Wozniak has become the latest prominent figure to throw his weight behind Bitcoin.

An early morning tweet by Elon Musk pushed the price of dogecoin higher after a price crash Thursday.

A raid in the Ukraine has uncovered a mining operation consisting of 3,800 PlayStation 4 consoles.

(Bloomberg) -- Win or lose on Sunday, England reaching its first major soccer final in 55 years is already having implications for the stock market.The team’s success is likely to have spurred spending at pubs and with bookmakers, and boosted advertising revenue for broadcasters. “During tournaments like Euro 2020 we often see spikes of higher consumption,” ING Bank consumer analyst Alyssa Gammoudy said in written comments, noting that food retailers and takeout-delivery firms have also benefite

More specifically, the lowest price target among Wall Street analysts for each of the following companies implies a minimum decline of 90% over the next 12 months. Perhaps it's no surprise that one of the most polarizing stocks, at least from a price target perspective, is a meme stock. Movie theater chain AMC Entertainment (NYSE: AMC), which is a favorite among retail investors on Reddit, currently has a $1 12-month price target from Eric Handler at MKM Partners.

President Biden's latest Executive Order puts Amazon and Facebook in the crosshairs.

Police in New Zealand have reported that criminals stole $45,000 worth of bitcoin (BTC) during an online covert operation.

Texas has been labeled the new home of Bitcoin mining, and operations have already begun popping up in areas like Rockdale and Pyote.

Two months ago, just after Bionano Genomics (BNGO) had reported a bit of an earnings miss, Maxim analyst Jason McCarthy was sufficiently discouraged about the company's prospects that he cut his price target on the San Diego-based cytogenetics specialist's stock by $4 to $10. Two months later, McCarthy is holding firm on that revised prediction, though, and reiterating his "buy" recommendation on the stock as well in a note published yesterday -- and why not? In the two months since he last doub

The Pentagon has pulled the plug on a controversial $10 billion enterprise cloud contract awarded to Microsoft (NASDAQ: MSFT), ending a four-year-old effort that has been stuck in neutral because of legal challenges brought by Amazon.com (NASDAQ: AMZN). The Joint Enterprise Defense Infrastructure (JEDI) contract was an ambitious attempt to bring thousands of Department of Defense systems under one umbrella and give U.S. warfighters a real-time data advantage on the battlefield. "JEDI was developed at a time when the Department's needs were different," John Sherman, acting Department of Defense chief information officer, said in a statement.

The president’s executive order on competition calls for the FCC to bring back Obama-era rules to keep network operators from blocking or slowing web content.

Ankr (CCC:ANKR-USD) has been among the best performing altcoins in the past 12 months. The altcoin has grown from less than a penny to its current price around 70 cents, one of the most impressive run-ups for any crypto in the past year. Though it has sold off along with the broader crypto market in the past couple of months, it has long-term potential, which cannot be denied. Source: karnoff Ankr provides a blockchain solution with its fundamental concepts entrenched in the sharing economy. It

Kaseya reportedly didn't address security flaws for years before the ransomware attack, with staff quitting or being fired over attempt to fix problems.

(Bloomberg) -- Djibouti will offer a “significant minority” stake in state-owned Djibouti Telecom SA to a strategic partner, part of a plan to open up the sector and modernize its economy, the government said in a statement.The country of around 1 million people, located on one of the world’s busiest shipping routes, will be one of the last in Africa to liberalize its telecoms sector. Djibouti’s neighbor Ethiopia is also in the process of selling 40% of its state-owned operator, and recently awa

If there’s one thing people have learned over the past year, it’s just how important it is to have more than one stream of income. With companies forced to lay off employees because of financial constraints brought forth by the COVID-19 pandemic, people have turned to other sources to supplement...

China moved toward requiring data-rich tech companies to undergo cybersecurity reviews ahead of any foreign listings and blocked a merger of the country’s two biggest game-streaming platforms.

Far from her family in China, a young woman in New York City wonders who she can rely on in case of a serious medical problem.

The ride-sharing giant gave regulators in Beijing the impression it would pause the IPO. It told bankers in New York it had a green light. The resulting backlash has cast a fresh pall over China’s tech giants.

The provider laid out a timeframe to retire its cable service to focus on Internet services.

New Dogecoin (DOGE) update has this key ‘merit,’ says Elon Musk

CryptoSlate 09 July, 2021 - 05:00pm

Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more.

According to a tweet from Matt Wallace and Elon Musk, the upcoming Doge update will allow the asset to dominate the crypto market

Reminder: The Dogecoin update is coming soon! It will position Doge perfectly to become one of the most used currencies in the world.

— Matt Wallace ⚠️ (@MattWallace888) July 9, 2021

BTC & ETH are pursuing a multilayer transaction system, but base layer transaction rate is slow & transaction cost is high.

There is merit imo to Doge maximizing base layer transaction rate & minimizing transaction cost with exchanges acting as the de facto secondary layer.

— Elon Musk (@elonmusk) July 9, 2021

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

Nearly a quarter of young, new crypto investors are actively investing in meme-driven cryptocurrencies like Dogecoin, a survey by betting app Gamblers Pick found recently.

Financial advisor Ric Edelman chimes into the Dogecoin debate by calling the controversial meme token the “bad boy of crypto.” Despite outperforming Bitcoin x165 year-to-date, Dogecoin continues to divide opinion.

The billionaire has taken a liking to cryptocurrencies and the DeFi space in recent times, and Dogecoin is now getting his attention.

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Access more crypto insights in every article as a paid member of CryptoSlate Edge.

Bitcoin spot exchanges outflow transaction count hit a year high, data from CryptoQuant, a popular on-chain data analysis tool for Bitcoin and other cryptocurrencies, showed.

Bitcoin (BTC) jumped by almost 6% on Friday as mining difficulty dropped sharply.

The buzzing world of Decentralized Finance (DeFi) has racked up its fair share of brickbats and bouquets ever since rising to popularity in 2020.

This week on Cryptonites saw host Alex Fazel catch up with Peng Zhong of Tendermint, a developing and code maintaining company of high-speed blockchain Cosmos.

Berlin, Germany, 9th July, 2021, ⦁ SMT will power liquidity on Swarm Markets ⦁ Community to set SMT price Berlin-based Swarm Markets today announces it will launch its first token, SMT, to power liquidity on the world’s first BaFin-regulated DeFi exchange.

Got a story tip? Email [email protected]

Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.

© 2021 CryptoSlate. All rights reserved. Terms | Privacy

Business Stories