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Tag: Dogecoin

  • Elon Musk’s Twitter Acquisition Drives Up Dogecoin Price

    Elon Musk’s Twitter Acquisition Drives Up Dogecoin Price

    Elon Musk finalized his Twitter purchase last week, and Dogecoin investors have reason to rejoice.

    Musk has been a long-time fan of the dog-themed crypto. Despite its origins as a meme coin, Dogecoin has become a major crypto. Tesla began accepting Dogecoin in early 2022 and Musk’s other company, SpaceX, even accepted Dogecoin for a satellite mission to Mars.

    According to Reuters, Dogecoin is seeing a major boost following the Twitter deal, jumping as much as 70% on Saturday.

    Only time will tell if the crypto will keep its gains, but having one of its biggest proponents in charge of one of the world’s biggest social media platforms is sure to help.

  • Uber Eats Now Accepts Shiba Inu and Dogecoin

    Uber Eats Now Accepts Shiba Inu and Dogecoin

    Fans of the most popular dog-themed cryptocurrencies have a new place to spend their crypto, with Uber Eats now accepting Shiba Inu and Dogecoin.

    Uber Eats doesn’t directly accept any crypto, but it does via its integration with the BitPay service. BitPay made the announcement via a blog post.

    BitPay offers a variety of options for purchasing prepaid gift cards with crypto. Gift cards can be bought with cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC), XRP (XRP), Dai (DAI), Wrapped bitcoin (WBTC), Gemini USD (GUSD), USD Coin (USDC), and Binance USD (BUSD).

    Despite starting as a meme, Dogecoin has become a major player in the crypto market. Shiba Inu, the “Dogecoin killer,” has similarly captured the hearts and wallets of users.

    BitPay’s expanded support for both coins will make it much easier to use them for everyday purchases.

  • Elon Musk Sees Opportunity in the Current Crypto Crash

    Elon Musk Sees Opportunity in the Current Crypto Crash

    Amid a massive crypto crash that has seen fortunes erased, Elon Musk is doubling down, continuing to support his favorite crypto.

    The crypto market is currently having a moment of crisis, with values dropping, companies laying off employees, and others struggling to stay solvent. While many are questioning their investments, Musk sees the current market as a buying opportunity for his favorite crypto, Dogecoin.

    When Altcoin Gordon replied, encourging Musk to “keep buying it then,” Musk replied with “I am.”

  • Elon Musk Challenges McDonald’s to Accept Dogecoin

    Elon Musk is once again serving as Dogecoin’s most influential — albeit unofficial — pitchman, pressuring McDonald’s to accept it as payment.

    Dogecoin may have begun as a meme, but the cryptocurrency has become a major player in the crypto market, at one point even being the fourth-most valuable crypto.

    Elon Musk, a big Doge fan, is now pressuring McDonald’s to accept it as payment in a recent tweet.

    I will eat a happy meal on tv if @McDonalds accepts Dogecoin

    — Elon Musk (@elonmusk), January 25, 2022

    Like many of Musk’s tweets, his challenge to McDonald’s went viral, quickly racking up over 210K likes, at time of writing. Burger King even got in on the action, with a reply of their own to Musk and McDonald’s.

    only a king knows what da coin do

    — Burger King (@BurgerKing), January 25, 2022

  • AMC Theatres Will Accept Dogecoin

    AMC Theatres Will Accept Dogecoin

    AMC Theatres has announced it will start accepting Dogecoin, alongside Bitcoin, by the end of the year.

    AMC announced in August that it would begin accepting Bitcoin by the end of the year. A month later, the company announced it would expand its support to other cryptocurrencies.

    According to TheStreet, AMC will accept Dogecoin via BitPay. Customers will be able to purchase up to $200 worth of gift cards per day, gift cards that can be used online or in-person.

  • Elon Musk: ‘Dogecoin Is Money’

    Elon Musk: ‘Dogecoin Is Money’

    Elon Musk is once again touting the merits of Dogecoin, proclaiming the cryptocurrency is money.

    Dogecoin started out as a meme, but has become a serious force in the crypto market recently. The Dallas Mavericks now accept it as payment, SpaceX accepted it as payment for delivering a satellite to the moon and the crypto even reached the fourth-largest valuation of any cryptocurrency.

    In recent weeks, Doge’s price has plummeted in recent works, but has been gaining ground in the last few days. Ever the champion of Dogecoin, Musk has once again touted its validity, tweeting a Matrix-inspired meme proclaiming “Dogecoin is money.”

    https://twitter.com/elonmusk/status/1419151233739378689?s=20

  • Dogecoin Accounted for 34% of Robinhood’s Crypto Revenue

    Dogecoin accounted for a whopping 34% of Robinhood’s crypto revenue in the first quarter of 2021.

    What started out as a meme has become a serious contender and a force to be reckoned with in the crypto market. The Dallas Mavericks accept Dogecoin and SpaceX recently accepted Dogecoin as payment for a satellite launch.

    Adding further evidence to its growing stature, Robinhood disclosed in its IPO prospectus that Dogecoin accounted for 34% of its total crypto revenue. What’s even more telling is that Robinhood supports trading seven different cryptocurrencies, demonstrating just how popular the crypto has become.

    While we currently support a portfolio of seven cryptocurrencies for trading, for the three months ended March 31, 2021, 34% of our cryptocurrency transaction-based revenue was attributable to transactions in Dogecoin, as compared to 4% for the three months ended December 31, 2020.

    Robinhood made it clear that a change in Dogecoin’s popularity could have a material impact on the company.

    As such, in addition to the factors impacting the broader cryptoeconomy described elsewhere in this section, RHC’s business may be adversely affected, and growth in our net revenue earned from cryptocurrency transactions may slow or decline, if the markets for Dogecoin deteriorate or if the price of Dogecoin declines, including as a result of factors such as negative perceptions of Dogecoin or the increased availability of Dogecoin on other cryptocurrency trading platforms.

    Not bad for something that started as a joke.

  • Robinhood Experiences Issues During Big Trading Day…Again

    Robinhood Experiences Issues During Big Trading Day…Again

    Robinhood has once again found itself in hot water after users were unable to make crypto trades during a big trading day.

    In March of 2020, Robinhood experienced a series of outages on some of the biggest market days. Users were outraged when they were unable to cash in, leading to threats of class-action lawsuits and customers abandoning the platform.

    It seems history is repeating itself, with the company once again experiencing issues, this time during a massive surge in the Dogecoin cryptocurrency. The issues caused some people to incorrectly think Robinhood was intentionally blocking Dogecoin trading, much like it did when users were driving Gamestop’s infamous rally.

    The company says crypto trading has been fixed.

    It remains to be seen if the company will lose more customers as a result of these latest issues.

  • Dogecoin Surges to New Heights

    Dogecoin Surges to New Heights

    Dogecoin continues its transition to a serious cryptocurrency, as it surged to an $18 billion market value.

    Dogecoin is unique among cryptocurrencies. It was originally created as a joke and, unlike most other currencies, has no limit on the amount of currency that can be mined.

    Amid a broader surge in cryptocurrencies, Dogecoin has soared to new heights. The currency has gained nearly 100% in the last two days. Even though it’s dropped since its peak, it still has a $16.3 billion market value at the time of writing.

    Dogecoin has received support from high-profile sources. Mark Cuban threw his weight behind the currency when he announced the Mavericks would accept it as payment, and Elon Musk has been a long-time proponent of Dogecoin.

    With bitcoin and Ethereum mining facing a finite future, perhaps Dogecoin will become the next big crypto. In this market, stranger things have happened.

  • Mark Cuban Says Mavericks Will Accept Dogecoin ‘Because We Can’

    Mark Cuban Says Mavericks Will Accept Dogecoin ‘Because We Can’

    What began as a joke is increasingly becoming a serious cryptocurrency, as the Dallas Mavericks are the first to accept Dogecoin as payment via BitPay.

    Dogecoin was created by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer and originally released in December 2013. Despite being created as a joke, the cryptocurrency has a market capitalization of $6.3 billion at the time of writing.

    BitPay has announced support for Dogecoin payments. Right from the outset, the Dallas Mavericks are onboard, accepting Dogecoin via BitCoin.

    “The Dallas Mavericks are a long-time enthusiast of cryptocurrency, opening up new opportunities for the team to sell tickets and merchandise to its global MFFL fan base,” Stephen Pair, CEO of BitPay, said. “BitPay believes that with continued cryptocurrency adoption, the industry is reaching an inflection point that will forever change consumer confidence, trust and pave the way for blockchain payments to disrupt the way consumers and businesses receive and spend funds.”

    Mavericks owner Mark Cuban had a novel reply as to why the Mavericks were supporting the cryptocurrency.

    “The Mavericks have decided to accept Dogecoin as payment for Mavs tickets and merchandise for one very important, earth shattering reason, because we can! Because we can, we have chosen to do so. We have chosen to do so because sometimes in business you have to do things that are fun, engaging and hopefully generate a lot of PR. So we will take Dogecoin, today, tomorrow and possibly forever more. For those of you who would like to learn more about Dogecoin we strongly encourage you to talk to your teenagers who are on tik tok and ask them about it. They will be able to explain it all to you,” said Cuban.