Monday, July 26

Dogecoin

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Bitcoin ownership has tripled in the US since 2018-but 60% of investors view the cryptocurrency as a high-risk bet, survey finds

A graphic illustration of two bitcoins placed on a bunch of US dollar bills. NurPhoto The percentage of Americans holding bitcoin tripled between 2018 and 2021, and the majority of bitcoin investors view the cryptocurrency as a high-risk asset, a Gallup survey revealed this week.The survey found that 6% of US investors-adults with $10,000 or more invested in stocks, bonds or mutual funds-say they own bitcoin, up from 2% in 2018. Ownership rose by over 10 percentage points to 13% among investors aged 18 to 49. It remained minimal among investors aged 50 and older, with 3% now saying they own it versus 1% three years ago."Three years ago, a very small percentage of investors reported owning bitcoin, most reported having little knowledge of it, and majorities - regardless of gender ...
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‘I might pump but I don’t dump’: Elon Musk outlined his broad approach crypto investing in a panel also featuring Cathie Wood and Jack Dorsey

Elon Musk REUTERS/Mike Blake Elon Musk on Wednesday said he is a supporter of bitcoin and wants to see the cryptocurrency succeed. "If the price of bitcoin goes down, I lose money. I might pump but I don't dump," Musk said during "The B Word" event. Musk spoke on the panel alongside Twitter chief Jack Dorsey and Ark Invest CEO Cathie Wood. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk on Wednesday detailed his thoughts on cryptocurrencies, saying on a live panel that he is a supporter of bitcoin and would like to see the asset succeed."If the price of bitcoin goes down, I lose money. I might pump but I don't dump," Musk said during "The B Word" event, which also featured Twitter chief Jack Dorsey and Ark Invest CEO Cathie Wood.He continued: ...
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Dow falls 500 points as fears grow over spread of COVID-19 Delta variant

JOHANNES EISELE/AFP via Getty Images US stocks fell Monday as investors eye a spike in global COVID-19 cases led by the Delta variant, creating a roadblock to a full recovery of the economy. The Dow Jones Industrial Average fell over 500 points at the open. The yield on the 10-year Treasury note was 1.217%, down 8.2 basis points on the day, reflecting the pickup in investor desire for safe-haven assets.The rising cases, which may result in a new wave of lockdown restrictions, weighed on markets. The Delta variant, according to health experts, is the most transmissible variant yet. "The market appears ready to take on a more defensive character as we experience a meaningful deceleration in earnings and economic growth," Morgan Stanley strategists led by Michael Wilson said ...
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Dogecoin trading volumes shot up 1,250% in the 2nd quarter to almost $1 billion a day as big exchanges cashed in

Dogecoin trading volumes shot up 1,250% to close to $1 billion in the second quarter, data shows. Overall global trading volumes rose 32% to $18.82 billion a day on average amid volatile markets. High volatility benefits exchanges but there are signs that the crypto crash is weighing on volumes. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. LoadingSomething is loading. ...
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The creator of dogecoin says he will never return to crypto and the market’s main purpose is to make its proponents richer via tax avoidance and light regulation

Yuriko Nakao/Getty Images Jackson Palmer, the co-creator of dogecoin, took to Twitter this week to shares his thoughts on crypto. He said he would not return to the space and added cryptocurrencies are an inherently right-wing, hyper-capitalistic technology. Cryptocurrencies, he said, are controlled by a powerful cartel of wealthy figures. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Jackson Palmer, the co-creator of dogecoin, blasted the cryptocurrency space on Wednesday as a right-wing, hyper-capitalistic tool, and maintained that he will never return to the industry."After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a...
criptomonedas, Dogecoin, Memeconomy, Tendencias

Dogecoin Creator Says Cryptocurrencies A Scam | Digital Trends Spanish

In 2013, IBM developer Billy Markus together with Adobe data scientist Jackson Palmer created their own cryptocurrency, dogecoin, but it seems they are not so amused now. Palmer has revived his abandoned Twitter account to give his opinion on cryptocurrencies, and it is not exactly a good one. According to the developer, they are a scam, a hyper-capitalist technology whose purpose is only to enrich those who are already rich. I am often asked if I will “return to cryptocurrency” or begin regularly sharing my thoughts on the topic again. My answer is a wholehearted “no”, but to avoid repeating myself I figure it might be worthwhile briefly explaining why here… & mdash; Jackson Palmer (@ummjackson) July 14, 2021 "After several years of studying them, I believe that cryptocurrencies ar...
10 year yield, Bitcoin, Cardano, crypto, Dogecoin, Ether, Federal Reserve, gold, inflation, Jerome Powell, Lumber, Markets, MI Exclusive, Oil, s&p 500, stock market

US stocks trade mixed as Powell reiterates in testimony that inflation will pass

A trader blows bubble gum during the opening bell at the New York Stock Exchange (NYSE) on August 1, 2019, in New York City. Johannes Eisele/AFP via Getty Images US stocks rallied on Wednesday after Federal Reserve Chairman Jerome Powell reiterated that inflation will pass.The benchmark S&P 500 index scaled close to all-time highs, while the Dow Jones Industrial Average also inched up. The Nasdaq composite fell slightly. The yield on the US 10-year Treasury slipped 6.1 basis points to 1.353%.The Fed chief said the US economic recovery still has further to go before the central bank considers tapering its asset purchases, according to prepared remarks ahead of his House Financial Services Committee testimony. Powell said the US job market "is still a ways off" from the prog...
Bitcoin, Cardano, crypto, digital assets, Dogecoin, Ether, Ethereum, Markets, MI Exclusive

Bitcoin, ether and dogecoin briefly slide to lowest in 3 weeks after inflation data sparks fears of faster Fed tightening

STR/NurPhoto via Getty Images Bitcoin dogecoin and cardano's ada token hit their lowest in three weeks at one point on Wednesday before recovering some stability, while ether touched a two-week low after a key measure of US inflation raised concern among investors that the Federal Reserve may put an end to its current policy of low borrowing costs.The US consumer price index rose 5.4% in June compared with a year earlier, the fastest pace since 2008, according to data on Tuesday. Bitcoin was last up around 1% on the day at $32,830, according to Bloomberg data. Earlier, it fell to as little as $31,599, its lowest in three weeks."The strange narrative is that this is due to the strong inflation yesterday in the US, perhaps on the fear that this will bring forward Fed tighten measur...
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Brokerage eToro says client holdings of dogecoin vaulted above bitcoin and ether in the 2nd quarter

STR/NurPhoto via Getty Images Summary List PlacementHoldings of meme token dogecoin vaulted above bitcoin and ether among eToro clients in the second quarter, according to data from the brokerage. After cardano, which held the top spot in both quarters, dogecoin zoomed past the two largest cryptocurrencies by market capitalization to claim second place, according to a June 30 snapshot from eToro. Bitcoin for the second quarter held the fifth spot, tumbling from second in the first three months of the year. Ether meanwhile, held the fourth spot for the second quarter, also lower from the previous quarter's third place ranking. Consistently in the top five is altcoin tron, which was founded in 2017. Its native cryptocurrency is TRX. Q2 2021 Cryptocurrency Q1 2021 1 Cardan...
Bitcoin, Crypto assets, Cryptocurrencies, Dogecoin, Hamas, israel, Israeli Defense Force, Military & Defense, Palestine, Politics, UK Weekend, Weekend BI UK

Israel is seizing cryptocurrency wallets from the Palestinian militant group Hamas, which has been using them to raise funds from donors worldwide

Cryptocurrency wallets used by the military wing of Hamas are being seized by Israel. Israel's defence minister ordered security forces to seize 84 Hamas-controlled crypto wallets. Most deposits were found to be in tether and bitcoin, according to a tracking firm's analysis. See more stories on Insider's business page. Israel has begun seizing cryptocurrency wallets used by the Palestinian militant group Hamas, the Associated Press and Al Jazeera reported.Defence minister Benny Gantz said the group had been pursuing an online campaign to raise finances in the aftermath of the 11-day Gaza conflict, which killed more than 200 Palesti...