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Dogecoin ($DOGE) Co-Creator Billy Markus: ‘Shiba Don’t Fear Wall Street’

Billy Markus, co-creator of the popular meme-inspired cryptocurrency Dogecoin (DOGE), has commented on a statue of the cryptocurrency’s Shiba Inu mascot that was placed in front of the iconic “Charging Bull” sculpture in New York’s financial district. On social media, Markus acknowledged the Shiba Inu statue is real. Its placement is symbolic, as retail investors […]

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Billy Markus, co-creator of the popular meme-inspired cryptocurrency Dogecoin (DOGE), has commented on a statue of the cryptocurrency’s Shiba Inu mascot that was placed in front of the iconic “Charging Bull” sculpture in New York’s financial district.

On social media, Markus acknowledged the Shiba Inu statue is real. Its placement is symbolic, as retail investors have been recently been betting on Dogecoin and other meme-inspired coins. These have often seen their value surge.

The Charging Bull bronze statue was put in front of Wall Street back in 1987 as a symbol of America’s resilience after that year’s massive stock market crash. It was created by artist Arturo Di Modica, according to Benzinga.

When another Twitter user asked Markus what was his interpretation of the statue, he said he believes it means “Shiba don’t fear Wall Street.” Over the last few months, the price of DOGE has been surging, partly thanks to tweets from Tesla CEO Elon Musk joking about the cryptocurrency. Other celebrities, including Kiss singer Gene Simmons and billionaire Mark Cuban, also tweeted about it.

The price of DOGE has over the last 30 days outperformed both BTC and ETH, and only started dropping after Musk appeared as a guest host on U.S. TV’s comedy sketch show Saturday Night Live. During his appearance, he said Dogecoin is “a hustle.”

Source: CryptoCompare

Dogecoin’s rally has seen other meme-themed cryptocurrencies appear. Shiba Inu (SHIB) is a notable example. The Ethereum-based token has seen its price surge after being listed on major cryptocurrency trading platforms, even as exchanges warned the coin “poses a higher than normal risk.”

As CryptoGlobe reported, earlier today Musk asked his nearly 55 million followers on Twitter whether Tesla should add Dogecoin as a payment method. Respondents overwhelmingly picked “yes.”

DISCLAIMER
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
IMAGE CREDIT
Featured Image via Pixabay.com

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoglobe.com/latest/2021/05/dogecoin-doge-co-creator-billy-markus-shiba-dont-fear-wall-street/

Blockchain

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

It has been recently revealed that the president of Tanzania wants the Central Bank of the country to start exploring Bitcoin and other digital assets.

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It has been recently revealed that the President of Tanzania Samia Sukuhu Hassan wants the Central Bank of the country to start exploring Bitcoin and other digital assets. With this, it can be assured that Tanzania is appearing to be the latest emerging economy poised to embrace Bitcoin and other crypto assets.

President Samia Sukuhu Hassan Urges Central Bank to Get Ready for Bitcoin

The Tanzanian President Samia Suluhu Hassan has recently urged the Central Bank of the country on June 14, 2021, to start exploring adapting to cryptocurrency assets and Bitcoin.

She laid an emphasis on the growing impact of these crypto-assets on global finance and stated:

“We have witnessed the emergence of a new journey through the internet.”

In addition to this, she highlighted the lack of crypto acceptance and development in the East African region and said:

“Throughout the region, including Tanzania, they have not accepted or started using these routes. My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

South Africa Also Planning to Regulate Digital Assets Trading

As it has been recently revealed, South Africa has laid the foundation for finance watchdogs to set crypto-asset controls, as the country is looking forward to restraint surging cases of fraud and improve the management of cross-border flows.

The Intergovernmental Fintech Working Group of the nation said:

“Crypto-assets will be brought into the South African regulatory purview in a phased and structured manner. It is, however, reiterated that with or without regulation, crypto-assets remain inherently risky and volatile.”

In addition to this, the IFWG stated:

“The dynamic development of the crypto market must continue to be pro-actively monitored, including maintaining knowledge on emerging international best practices through standard-setting bodies.” 

READ  Bitcoin and Ethereum Indexes Launched by the S&P Dow Jones Indices

#Bitcoin #Digital Assets #Samia Sukuhu Hassan #South Africa #Tanzania

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Source: https://www.cryptoknowmics.com/news/the-president-of-tanzania-urges-central-bank-to-start-exploring-bitcoin-and-other-digital-assets

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Blockchain

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

It has been recently revealed that the president of Tanzania wants the Central Bank of the country to start exploring Bitcoin and other digital assets.

Published

on

Table of Contents

Rate this post

It has been recently revealed that the President of Tanzania Samia Sukuhu Hassan wants the Central Bank of the country to start exploring Bitcoin and other digital assets. With this, it can be assured that Tanzania is appearing to be the latest emerging economy poised to embrace Bitcoin and other crypto assets.

President Samia Sukuhu Hassan Urges Central Bank to Get Ready for Bitcoin

The Tanzanian President Samia Suluhu Hassan has recently urged the Central Bank of the country on June 14, 2021, to start exploring adapting to cryptocurrency assets and Bitcoin.

She laid an emphasis on the growing impact of these crypto-assets on global finance and stated:

“We have witnessed the emergence of a new journey through the internet.”

In addition to this, she highlighted the lack of crypto acceptance and development in the East African region and said:

“Throughout the region, including Tanzania, they have not accepted or started using these routes. My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

South Africa Also Planning to Regulate Digital Assets Trading

As it has been recently revealed, South Africa has laid the foundation for finance watchdogs to set crypto-asset controls, as the country is looking forward to restraint surging cases of fraud and improve the management of cross-border flows.

The Intergovernmental Fintech Working Group of the nation said:

“Crypto-assets will be brought into the South African regulatory purview in a phased and structured manner. It is, however, reiterated that with or without regulation, crypto-assets remain inherently risky and volatile.”

In addition to this, the IFWG stated:

“The dynamic development of the crypto market must continue to be pro-actively monitored, including maintaining knowledge on emerging international best practices through standard-setting bodies.” 

READ  SandBox Price Prediction 2021-2025: SAND Token Can Hit $1 by 2025

#Bitcoin #Digital Assets #Samia Sukuhu Hassan #South Africa #Tanzania

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/the-president-of-tanzania-urges-central-bank-to-start-exploring-bitcoin-and-other-digital-assets

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Blockchain

The President of Tanzania Urges Central Bank to Start Exploring Bitcoin and Other Digital Assets

It has been recently revealed that the president of Tanzania wants the Central Bank of the country to start exploring Bitcoin and other digital assets.

Published

on

Table of Contents

Rate this post

It has been recently revealed that the President of Tanzania Samia Sukuhu Hassan wants the Central Bank of the country to start exploring Bitcoin and other digital assets. With this, it can be assured that Tanzania is appearing to be the latest emerging economy poised to embrace Bitcoin and other crypto assets.

President Samia Sukuhu Hassan Urges Central Bank to Get Ready for Bitcoin

The Tanzanian President Samia Suluhu Hassan has recently urged the Central Bank of the country on June 14, 2021, to start exploring adapting to cryptocurrency assets and Bitcoin.

She laid an emphasis on the growing impact of these crypto-assets on global finance and stated:

“We have witnessed the emergence of a new journey through the internet.”

In addition to this, she highlighted the lack of crypto acceptance and development in the East African region and said:

“Throughout the region, including Tanzania, they have not accepted or started using these routes. My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

South Africa Also Planning to Regulate Digital Assets Trading

As it has been recently revealed, South Africa has laid the foundation for finance watchdogs to set crypto-asset controls, as the country is looking forward to restraint surging cases of fraud and improve the management of cross-border flows.

The Intergovernmental Fintech Working Group of the nation said:

“Crypto-assets will be brought into the South African regulatory purview in a phased and structured manner. It is, however, reiterated that with or without regulation, crypto-assets remain inherently risky and volatile.”

In addition to this, the IFWG stated:

“The dynamic development of the crypto market must continue to be pro-actively monitored, including maintaining knowledge on emerging international best practices through standard-setting bodies.” 

READ  Bitcoin May Lose Its Struggle to be Adopted as the World’s Reserve Currency

#Bitcoin #Digital Assets #Samia Sukuhu Hassan #South Africa #Tanzania

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/the-president-of-tanzania-urges-central-bank-to-start-exploring-bitcoin-and-other-digital-assets

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Blockchain

Bitcoin Mining Difficulty Plunges 5% to 19.8 Trillion Following Xinjiang’s Order to Shutdown Operations

The Bitcoin mining difficulty plunged by around 5.3% on Sunday night on the back of a recent fall in the hash rate, plunged to the level of 19.8 trillion.

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The Bitcoin mining difficulty plunged by around 5.3% on Sunday night UTC on the back of a recent fall in the hash rate. On-chain data shows that the bitcoin mining difficulty of the Bitcoin Network plunges to the level of 19.8 trillion, a level which was not witnessed since the month of January.

Bitcoin Mining Difficulty Plunges on Bitcoin Network

Talking about the bitcoin mining difficulty, it is how the network targets to keep the production of the blocks at an even rate regardless of the broadly fluctuating hash rate

Depending on the hash rate of the network, the difficulty in the mining either drops or surges in order to accommodate the fluctuating hash rate.

On May, 30, the last adjustment in bitcoin mining was witnessed and since then, the hash rate of the network has managed to stay stable. However, on June 9, the miners in the Zhundong Economic and Technology Development Zone have obtained orders to shut down operations.

Well, it is a result of the high-level comment regarding the crackdown on Bitcoin trading and mining activities by the State Council of China.

Will Bitcoin Rise to $100,000?

Mike McGlone, the Chief Commodity strategist of Bloomberg, believes that the year 2021 shows a number of earmarks for the strong advance of Bitcoin as BTC is still targeting the level of $100,000.

Dan Tapiero, the Co-founder of Gold Bullion, recently released a statement mentioning the huge rise of the flagship cryptocurrency and the DLT analog saying:

“#Bitcoin has never topped with volatility this low. Massive upside still ahead. Twtr sht termers too negative. US Corp adoption unlikely despite @michael_saylor. #Btc biggest global macro event of all time. Smaller countries in NEED/alpha hungry lead.”

In addition to this, he said that he is aware of the fact that the US corporations won’t accept Bitcoin as of now, regardless of all the efforts of Michael Saylor.

READ  Bloomberg Analyst Mike McGlone Predicts Bitcoin To Reach $20,000 In 2020

#Bitcoin mining difficulty #Mike McGlone

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/bitcoin-mining-difficulty-plunges-5-to-19-8-trillion-following-xinjiangs-order-to-shutdown-operations

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