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2022-06-23 09:42:02 Dogecoin Worth Millions Linked To Illicit Activity Including Terrorism: Elliptic

Dogecoin is increasingly connected to illicit activity including Ponzi schemes, the financing of terrorism and child sex abuse material (CSAM), according to a new report by blockchain analytics firm Elliptic. The "most notable" crime relating to Dogecoin, according to Elliptic, is thefts, scams and Ponzi schemes.

According to the firm, to date it has identified more than 50 instances of thefts, frauds and Ponzi schemes which helped criminals to make “hundreds of millions of dollars worth of Dogecoin.”These include the $6 billion PlusToken Ponzi scheme, which resulted in the seizure of more than $20 million worth of DOGE by Chinese authorities in 2020, and an alleged theft of $119 million worth of Dogecoin linked to a Turkish Ponzi scheme in 2021.

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2022-06-22 08:07:02 DOGE Skyrocketing 15% After Elon Musk Twitter Takeover Bid Approved

As just became known in the New York Post, Elon Musk's bid to buy Twitter was unanimously approved by the social network's Board of Directors. DOGE, which had been rising all day on rumors of a potential deal approval, instantly reacted with a 9% increase.

At the moment, the price per DOGE is 0.0685 cents, with a total capitalization of Dogecoin of 8.9 billion dollars. This capitalization value puts the former memecoin, now a payment instrument, in tenth place in CoinMarketCap's top by market capitalization. The main reason for the rapid growth of DOGE quotations lies precisely in the actions of the coin's main supporter, Elon Musk.

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2022-06-21 07:08:02 Dogecoin Faces Buying Pressure From Whales; Large Transactions Jump 68%

According to IntoTheBlock data, Dogecoin whales, or large holders, have gotten into action as large transactions rose 68% in the last 24 hours. Large transaction surges are typically linked to increased activity from whales, who are either buying or selling, and these total more than $100,000.

Dogecoin jumped as much as 8% after Tesla CEO Elon Musk announced on Twitter that he was going to "keep supporting Dogecoin." He also stated he was buying the meme coin. Since April 2019, when he tweeted about Dogecoin being his favorite cryptocurrency, Musk has been Dogecoin's highest-profile cheerleader. While responding to a tweet by Dogecoin co-creator Billy Markus, who said that he wants Dogecoin to have a reason to exist—"something beyond pump and dump."

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2022-06-20 08:51:02 Elon Musk Is Buying More Dogecoin

Tesla CEO Elon Musk has taken to Twitter to reaffirm his support for Dogecoin amid a massive price plunge.The centibillionaire has also confirmed that he’s buying more DOGE, giving the cryptocurrency a much-needed price boost.

The price of the Bitcoin parody soared nearly 13% on the Binance exchange because of Musk’s tweets. DOGE hit an intraday high of $0.05877.Musk decided to show some love for Dogecoin after congratulating his followers on Father’s Day.As reported by U.Today, Musk dubbed himself “The Dogefather” ahead of his “Saturday Night Live” hosting debut that took place in early May 2021.

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2022-06-19 18:31:02 Shiba Inu (SHIB) Price Suddenly Spikes 14%

The price of popular meme coin Shiba Inu (SHIB) has spiked almost 14% within one hour and 25 minutes, reaching an intraday high of $0.0000087 on the Binance exchange. The cryptocurrency recovered together with the rest of the cryptocurrency market.

As reported by U.Today, the Federal Open Market Committee (FOMC) announced a 75 basis point hike earlier today for the first time since 1994. The committee has highlighted its determination to get inflation under control after the consumer price index (CPI) reached the highest level in over four decades in May. The meme coin is down 90.28% from its record high after greatly underperforming in 2022 together with other risk assets.

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2022-06-18 13:05:04 Elon Musk sued for $258 billion over dogecoin support

Elon Musk was sued by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. An investor in dogecoin, originally created as a joke but whose value increased and fell as it was promoted by Elon Musk, filed a $258 billion lawsuit on Thursday against the billionaire and his companies Tesla and SpaceX.

In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla Inc and space tourism company SpaceX of racketeering for touting Dogecoin and driving up its price, only to then let the price tumble. He is asking for his motion, filed in a New York court, to be classified as a class action suit on behalf of those who have suffered losses by investing in dogecoin since 2019.

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2022-06-17 16:03:02 ALMOST 81% OF SHIBA INU INVESTORS ARE AT LOSS, INDICATES ANALYSIS

The decline in the crypto market this fall seems so damaging that no matter the scale of investors of cryptocurrencies like Shiba Inu, all are facing more or less tough times. As per the recent data, about 81% of Shiba Inu holders are now facing a loss on their investments made within SHIB.

This number could be more given the consistently dropping trading price of the popular meme currency which is currently standing at around US$0.0000076 after losing about 7% of its value in the last 24 hours. It could be understood quite easily by looking at the decline in value of SHIB which is about 90% down from its all-time high of US$0.000088 that was attained in October last year.

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2022-06-16 14:33:02 Dogecoin Set to Launch Another Major Project

As shared by Dogecoin developer Michi Lumin, Libdogecoin, which refers to the building block for creating Dogecoin projects, might soon launch in v0.1. In recent months, the Dogecoin team has focused on providing the groundwork for RadioDoge, Gigawallet, as well as many future projects through the first phase of Libdogecoin.

RadioDoge focuses on using low-cost radio technology (HF/LoRaWAN), combined with the global Starlink satellite network, to provide cheap, wide-scale access to Dogecoin for individuals who live outside the reach of regular internet infrastructure. This will allow Dogecoin to be able to perform transactions without the use of the internet. By integrating a noncustodial wallet with the Dogecoin network, GigaWallet aims to provide a publicly available drop-in solution for internet-based trade and tipping.

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2022-06-15 11:26:02 Shiba Inu Major Developer Hints at Shibarium Release

Shibarium, the long-awaited Layer 2 solution in the Shiba Inu ecosystem, may be coming soon according to one of the project's lead developers, Shytoshi Kusama. The Shiba Inu community is eagerly awaiting the launch of Shibarium because of the number of benefits it can provide, especially the opportunity for investors to make huge profits.

The information came from a post by Shytoshi on the Welly's Discord server. There, the developer confirmed that the Layer 2 solution will be available soon and also clarified that discussions about moving into a more active pre-release phase have already begun. Amid the curtain of mystery surrounding Shibarium and the silence of the developers, even this news should make fans of Shiba Inu—or as they call themselves, the Shib army, happy.

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2022-06-14 11:34:02 2021 Dogecoin Millionaire Agrees He’s “An Exception” but Hasn’t Sold Any DOGE

Glauber Contessoto, the self-proclaimed "First Dogecoin Millionaire of 2021," is rapidly losing his riches. Contessoto admitted in a recent tweet that he was an exception, having made millions during Dogecoin's spectacular ascent in April and May of last year.

Contessoto, who goes by the Twitter handle "slumDOGE millionaire," continues to believe in Dogecoin, although it is roughly 91% lower than its all-time high of $0.73, reached in May 2021. As Dogecoin continues to plummet, "slumDOGE millionaire" insists that he has never sold the cryptocurrency. Contessoto, a Los Angeles native, has a "rags-to-riches" narrative that has attracted a lot of attention to cryptocurrencies in general. Over the last 24 hours, DOGE/USD has traded roughly down 9% at $0.06, marking the third day of losses.

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