Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Elon Musk Reveals Reason Behind Dogecoin Investment, But Why Is DOGE Down?

Billionaire Elon Musk has been a long-time supporter of Dogecoin and he has not been shy when it comes to talking about his love for the meme coin. Usually, when Musk talks about DOGE, the price tends to go up as investors rush to capitalize on the publicity. However, it is not the case this time around because despite Musk mentioning the meme coin, its price has gone in the opposite direction. Elon Musk Says Don’t Bet On Crypto Or Dogecoin Tesla CEO Elon Musk spoke at the Wall Street Journal’s CEO Council Summit held in London and among other topics, he touched on the crypto industry and Dogecoin in particular. Musk once again professed his support for Dogecoin, saying he likes the meme coin because of its humor and the fact that it incorporated dogs. Related Reading: Data Suggests Small Holders Will Drive Next Cardano (ADA) Rally However, he further went on to state that he would not advise anyone to bet their life savings on either crypto or Dogecoin. “I’m not advising anyone to buy crypto or bet the farm on, you know, Dogecoin or anything like that,” the billionaire said when asked if he was still a fan of crypto. https://twitter.com/dogeofficialceo/status/1661087434950467584?s=20 Musk has a long history of supporting the meme coin and it was this support that sent the cryptocurrency rallying to new all-time highs back in 2021. At different points since then, Musk’s posts have also moved the price positively. But his stance this time around has deviated from what is normally expected and the price of DOGE has suffered for it. DOGE Price Retraces Despite Musk Mention In one of the rare cases, the price of Dogecoin has actually retraced after Musk mentioned the meme coin during his interview. The price is down over 3% in the last 24 hours alone and is now trading dangerously close to the $0.07 support level. DOGE falls to $0.071 | Source: DOGEUSD on TradingView.com As a result of this, DOGE has fallen below its 200-day moving average, a move that puts it on a bearish path over the short to mid-term. Also, with Bitcoin seeing losses, it has taken the market down with it, so there is not much room for recovery for DOGE at this time. Related Reading: Meme Coin Season May Be Over As PEPE, SHIB, DOGE, Continue Decline However, many in the community continue to hold out hope that Elon Musk will eventually announce a DOGE integration on Twitter as a payment method. Such a move would no doubt lead to an at least 50% upside for the meme coin, and it could be a catalyst for its next rally. At the time of writing, DOGE is changing hands at a price of $0.07113. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com

Safemooners don’t understand arbitrage, cream their pants when the chart goes up from people profiting off the army [serious]

Arbitrage is a simple concept. If you can buy a token for a low price and then sell it immediately elsewhere for a high price you are arbitraging. Earlier in the year, Safemoon experimented with cross chain. They basically launched an Ethereum and a MATIC version of the Safemoon token, and then implemented a token…
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White House questions impact of AI surveillance on workers

Officials in Washington, D.C. said they would hold a listening session to understand the experiences of workers and the usage of AI surveillance in the workplace.

‘SEC Has No Intention’ of Providing Clear Rules for Crypto: Coinbase – Decrypt

submitted by /u/OneThatNoseOne [link] [comments]

If it’s too good to be true, it probably is. A firm claiming to have a deal with Morgan Stanley seeming just rugged getting away with 31M after users reported not being able to withdraw. They were promising 1% interest daily, 100% in 63 days. All that said, the website is actually god-awful.

A platform calling themselves Morgan DF Fintoch seeming just rugged and got away with around 32M. Users of the platform claimed they were unable to withdraw. The firm also had claims of having an agreement/deal with Morgan Stanley. I cannot substantiate that claim on any reputable media website. FinancialContent[.com] claims: ​ https://preview.redd.it/tj8vm14ffr1b1.png?width=611&format=png&auto=webp&s=f7f110d90f030249ef21397aa8df24690f9940e9 ​ https://preview.redd.it/acpshfebfr1b1.png?width=1650&format=png&auto=webp&s=91f30a7f87960b4bc334ece74344ba3fd2230c90 Now…
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Where the F is Coffeezilla?

So he hasn't posted a video since March, and he hasn't posted on twitter in 2 months either, which is unusual as he posted quite regular before hand. He could be having a break but I would expect he would announce that, especially as he was recently on Joe Rogan and picking up some more…
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How could we have offline transactions?

When comparing cash to crpyto and specifically ethereum, I notice that there still a big portion of classic fiat that is left out in our usual discussions and development. Namely, offline transactions. When comparing digital fiat banking to crypto, crypto is similar enough. Often, all you need is just a internet connection to send and…
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Biden Takes a Stand on Crypto Traders

submitted by /u/Dull_Tough_7149 [link] [comments]