Famous meme crypto Dogecoin (DOGE) can now be accessed through 1,800 ATMs across the United States. Leading Bitcoin ATM provider Coinflip announced the support for Dogecoin on Mar. 1, with the company’s CEO and co-founder, Daniel Polotsky, attributing the move to DOGE’s recent “popularity and recent mass adoption.” On Feb. 4th, the cryptocurrency’s price rose 25% within minutes after Tesla and SpaceX founder Elon Musk posted a rocket going to the moon and adding “Doge” in the comments. Doge — Elon Musk (@elonmusk) February 4, 2021 Two days later, the world’s second-richest man continued his Doge shill, posting a survey …

Dogecoin (DOGE) might look like a fun meme coin, particularly as its price has absolutely skyrocketed in 2021. But behind the innocent Shiba Inu dog cartoon are some horrific stories. Those buying the cryptocurrency due to shilling and jokes from Tesla and SpaceX CEO Elon Musk, most likely have no idea of DOGE's early days. The early days Introduced by software engineers Billy Markus and Jackson Palmer in December 2013, Dogecoin's protocol followed Luckycoin and Litecoin (LTC) proof-of-work algorithm using Scrypt technology. It all started back on Christmas day, 2013, when Dogewallet announced that its webpage had been compromised, causing …

Rumors of a possible investigation by the United States Securities and Exchange Commission into Tesla CEO Elon Musk's alleged impact on Dogecoin's (DOGE) price moves have been circulating on social media over the past day — a phenomenon that one Twitter user has quipped is "peak 2021." I hope they do! It would be awesome — Elon Musk (@elonmusk) February 25, 2021 Musk's previous showdowns with the SEC notwithstanding, the CEO appears to be unfazed about the possibility of an all-too-real legal fallout sparked by his penchant for the meme cryptocurrency. Musk's professed love for "dogs & memes" has spurred …

Tesla CEO Elon Musk has lost his crown as the world’s richest man following a sharp correction in Bitcoin (BTC) and a slump in his company’s stock that some analysts believe are correlated. Tesla stock (TSLA) has dropped 21% from its high of $890 on January 26, accelerating those losses over the past two days in a fall to $698. Shares of the electric vehicle maker dipped as much as 13% on Tuesday, the stock’s worst day since early September 2020. Fox Business has blamed this week's stock drop on the company’s association with Bitcoin, citing analyst Dan Ives of …

Microsoft founder Bill Gates has issued a warning to would-be Bitcoin (BTC) buyers looking to follow Elon Musk’s investment strategy. Speaking to Bloomberg’s Emily Chang, Gates suggested Musk had access to sophisticated trade management techniques that the average investor isn’t privy to. When asked about the susceptibility of Bitcoin to tumble in price in reaction to a mere tweet — undoubtedly a reference to Musk’s own social media posts — Gates said Musk was probably insulated from such market crashes: “Elon has tons of money and he’s very sophisticated so, you know, I don’t worry that his Bitcoin would randomly …

Tesla’s strategic embrace of Bitcoin (BTC) will have a dramatic impact on corporate adoption of the digital asset, according to Dan Ives of Wedbush Securities. In a Monday interview with CNBC, Ives said Tesla’s exposure to Bitcoin is “not just a fad,” but part of a long-term strategy that’s driven by an investment thesis and business thesis. “I think Tesla is going to double down on its Bitcoin investment,” he said. "No doubt this is something @elonmusk and @Tesla they're going to dive into the deep end of the pool on #bitcoin because they're not just doing it from an …

American electric car giant Tesla has seen some massive gains from its Bitcoin (BTC) investment, reportedly having made up to $1 billion in profit, according to a new report. An analyst at Wedbush Securities, a private investment firm in the United States, has calculated that Tesla has made “roughly $1 billion” in the aftermath of its $1.5 billion Bitcoin investment. Daniel Ives estimated Tesla’s Bitcoin profits in an investor note on Saturday, CNBC reports. Amid Bitcoin’s parabolic surge to become a $1 trillion asset, Ives said, “Tesla is on a trajectory to make more from its Bitcoin investments than profits …

While his electric car company announced a Bitcoin purchase weeks ago, Elon Musk finally became a true Bitcoiner last night by engaging in a time-honored cryptoTwitter pastime: dunking on Peter Schiff. Yesterday morning Schiff, the noted gold bug and Bitcoin skeptic, posted a Tweet thread in which he criticized Elon Musk’s comment that Bitcoin is a flawed currency, though still better than fiat alternatives: According to @elonmusk "Bitcoin is almost as BS as fiat money." So Musk regards both #Bitcoin and fiat as BS. I agree, I just think Bitcoin, which is digital fiat, is even more BS than the …

On Feb. 19, Musk responded to comments made by Binance CEO Changepeng Zhao to Bloomberg in which CZ expressed his surprise at the Tesla executive’s “gung-ho” pronouncements regarding Dogecoin. Tesla co-founder and hypothetical Dogecoin (DOGE) CEO Elon Musk has asserted that “only a fool” would not seek out alternative investments to fiat currency given current interest rates on Twitter today. During the interview, CZ implied that Tesla’s recent decision to invest $1.5 billion or 7.7% of its treasury into Bitcoin (BTC) likely evidenced Musk’s deep support for Bitcoin. On Twitter, Musk said, “Tesla’s action is not directly reflective of my …

While 2020 was a significant year for Bitcoin (BTC), the just-begun year of 2021 is already full of great surprises. On Feb. 8, Bitcoin’s price jumped by almost $3,000 in minutes, then it surged 20% in 24 hours — all due to the news of Elon Musk’s Tesla allocating $1.5 billion of its balance sheet to BTC. The same week, the oldest bank in the United States, Bank of New York Mellon, announced plans to hold, transfer and issue Bitcoin. Mastercard is also planning to support cryptocurrencies in 2021 for its almost 1 billion users. And SEC Commissioner Hester Peirce, …

The value of Dogecoin (DOGE) sank 23% in a matter of hours on Monday after Elon Musk drew attention to the vastly unequal distribution of DOGE tokens and urged major holders to sell off their holdings Dogecoin has one of the most unequal coin distributions in the cryptocurrency space, with 28.7% being held by just one person and the top 12 holders possessing almost 50% of the supply. On Sunday, Just before midnight UCT, Musk tweeted: “If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo.” …

A growing number of business leaders and celebrities — e.g., Elon Musk, Jack Dorsey, Alex Ohanian and, most recently, Ricardo Salinas — have added the Bitcoin hashtag to their Twitter biographies. It hasn’t gone unnoticed. When Elon Musk added #Bitcoin to his bio in late January, Bitcoin soared by 20%. If indeed a succession of billionaires and tech moguls have taken the Bitcoin pledge — whatever that might entail — what is their motivation? Are they trying to manipulate the market, for instance — or promote their brand? Could they be just looking to pull the collective leg of crypto’s …