Tesla CEO Elon Musk has once again stirred the proverbial "pigeon's nest" with another tweet about Dogecoin (DOGE). Survey on DOGE payments for Tesla cars On Tuesday, Musk took a poll on Twitter asking respondents if they want Tesla to accept Dogecoin as a payment method. The poll, posted at 8:00 a.m. UTC, garnered more than 400,000 responses in the first 10 minutes and is almost at the 1 million mark at the time of this writing. Musk's Twitter poll will run for 24 hours and could be an announcement of the company adding the popular meme coin as a payment method for its electric vehicles. Dogecoin supporters have previously urged the Tesla CEO to add the Shiba Inu-inspired cryptocurrency to the list of accepted payment methods. And this time, responses to the survey were overwhelmingly positive. Some 78% of respondents supported Tesla's acceptance of Dogecoin payments. DOGE is on the rise again As expected, Musk's tweet caused a significant reaction to the Dogecoin price. The DOGE token saw a sudden spike in price to coincide with the release of the survey. Dogecoin has risen more than 10,600% since the beginning of the year. At the beginning of May, it seemed that it would reach the $1 level thanks to the hot market enthusiasm. The enthusiasm for Dogecoin was so high that, according to Google Trends, search interest in DOGE surpassed Bitcoin for the first time. Tuesday's tweet is the latest linking Dogecoin to one of Musk's companies. Two days earlier, Geometric Energy Corporation - a Canadian manufacturing and logistics company - announced plans for a DOGE-powered payload on one of SpaceX's first rockets headed to the moon. Tesla already accepts Bitcoin (BTC) as a payment method for its electric vehicles. The company announced this back in March, while also announcing its intentions to launch a Bitcoin hub. Tesla has also stated that it will keep BTC received as payment for its cars. Tags doge dogecoin Elon Musk SpaceX Tesla
Thursday, May 27, 2021
Will Tesla accept DOGE for its cars?
How they thought about money. Part 8: Soviet thinking
Attack on Binance results in increased sales of hardware wallets
According to Pascal Gauthier, CEO of Ledger, a cryptocurrency hardware wallet company, the recent hack of the most important digital currency exchange, Binance, has led to an increase in sales of his company's products. It can be inferred that this increase in sales is due to investors' fear for the safety of their funds. The CEO reported on the phenomenon at a recent Atomic Swap conference in New York. While discussing the future of money and the importance of security in the cryptocurrency space, he admitted that he has seen an increase in sales of his products. Gauthier said specifically: "Binance was hacked, and the day Binance was hacked, our sales doubled." Attack on Binance Binance, which was recently hacked, lost about $40 million in BTC (over 7,000 BTC was stolen). The reasons? Hackers reportedly exploited the exchange's API, 2FA, and withdrawal validation areas. The platform has since made "significant changes" to these areas. While this showed the weakness of the cryptocurrency market, Gauthier on the aforementioned panel added that Ledger believes cryptocurrencies are a "great technology." However, like any technological innovation, they have weaknesses, in this case concerning the security of "private keys". He also mentioned that the hacking of Binance is a sign that the industry is still in its early stages. He added that he is confident that the security of the market will eventually improve significantly, while he himself is "very excited about building a security layer for the industry." Ledger Cryptocurrency hardware wallet maker Ledger received $2.9 million from Samsung earlier this year for further development. The company keeps stressing that it is a big challenge for it to deliver such devices to the market. It has also recently started shipping its latest products, the Nano X, to customers. The hardware, which was previously scheduled for release in March, is coming to the market late due to technological issues. Ledger Nano X is a hardware wallet with Bluetooth support, display and more secure protocol. Are you interested in purchasing the Ledger Nano X secure hardware wallet? You can do so at the manufacturer's official store, at: https://shop.ledger.com/products/ledger-nano-x?r=24d5cb56c791 Binance quickly recovered from the earlier attack. It also returned lost funds to customers, but on Tuesday urged users to read and follow a list of 14 security measures to protect coins on the exchange. Tags Binance cryptocurrency exchanges Ledger bitcoin wallet
Mike Novogratz's company lost more than $272 million
Cryptocurrency investment company Galaxy Digital reported a net loss of as much as 272.7 million for 2018. The information was officially announced on April 29 in a special press release. According to The Block portal, the company's CEO Michael Novogratz told the media that during the last quarter of last year, he felt the cryptocurrency market "like watching Game of Thrones last night." With this, he referred to the popular fantasy series, which became famous for, among other things, the fact that in its scenario the corpse is strewn as often and thickly as in Shakespeare's bloodiest dramas. And indeed they did. The end of 2018 was a veritable slaughter on cryptocurrency exchanges. The aftermath was poor financial results for companies like Galaxy Digital and various ICOs. Novogratz told shareholders during a conference call he organized that: "The results that year were by no means great..." One would like to say that as CEO he passed his diplomacy course with honors.... Will it get better? In revealing the results, Novogratz said that the start of 2019 "saw a significant uptick in activity" and acknowledged that this uptick in digital asset markets helped Galaxy Digital finally turn a coveted profit. The fact that the previous year was a weak one for his venture was already known much earlier. In late November, the company confirmed that it lost $136 million in the first nine months of 2018. What can be chilling, however, is to see that the losses even doubled in the last three months of the year. Bull No. 1 Nevertheless, Novogratz remains optimistic. When we were fresh off the bursting of the last bubble, he believed the stock price would rebound soon. It didn't. Bitcoin went down, down and down. Despite this, the Galaxy Digital chief still believed (or at least said he did) in the long-term potential of that falling anvil that was BTC at the time. In February, he already predicted that the cryptocurrency would become digital gold and its exchange rate would reach $8,000 in the medium term. He probably still thinks so, because in January this former Goldman Sachs partner increased his stake in Galaxy Digital to 79.3%. Tags downturn bitcoin price Galaxy Digital Mike Novogratz losses
Kraken CEO Jesse Powell says BTC is on track to reach the $1 million price. This is unwittingly helped by governments that continue to pursue loose monetary policies. Jesse Powell: BTC will cost $1 million In a new interview for the H3 podcast, the Kraken chief believes that there is still time to buy Bitcoin "cheap". In his opinion, in a few years we will be paying as much as $1 million for 1 BTC. - It's still early days. I think Bitcoin will easily reach $500,000 in the next few years. Look at how long it takes to print money. We will easily reach the $1 million ceiling for Bitcoin," he said. However, he suggested that every investor should approach this with some distance. -Take it easy... Invest 1-10 percent of your portfolio... I wouldn't say: go all in. Don't risk the money you have for rent, don't risk the funds you have for food. Only that if you have an investment portfolio, you should necessarily have some bitcoin in there," he explained. Other cryptocurrencies When asked about the thousands of other cryptocurrencies that are on the market, Powell says the average investor might look at it like a stock market, where it's often best to stick with the biggest, most well-known brands and names. - There are thousands of stocks you can buy. (...) Some are really strong, well-known brands, like Apple, Google and Facebook. But I think if you don't really know what to do, because you're not a Wall Street super analyst, don't buy niche stocks. Stick with the best ones (...), maybe the ones you're associated with. You use Apple devices every day, so you probably think Apple is a pretty good company. I would say do that with cryptocurrencies as well. Don't pay attention to all the new stuff that keeps coming out," he advised. In his opinion, it is best to buy BTC and ETH. - Just stick with Bitcoin and Ether. If you want to feel safe, I think Bitcoin and Ether are super safe things. Everything else becomes more exotic and [in theory] you get higher returns, but with more risk," he said. Tags btc btc at usd 1 million bitcoin price btc price jesse powell Kraken bitcoin exchange rate btc exchange rate
Aphex Twin has released its own NFT token
The fashion for NFT continues. A well-known musician from the electronic scene, Aphex Twin, surprised his fans. On Saturday night he released his own NFT. The token appeared on a special platform where auctions of works of individual artists are held.
Aphex Twin enters the NFT market
Aphex Twin (Richard David James, owner) is a British musician, composer and multi-instrumentalist, as well as a music producer. He is considered to be one of the most influential artists on the contemporary electronic music scene.
Now the artist has decided to follow in the footsteps of rockers Kings of Leon and has also issued his tokens. The artwork "/ afx \ / weirdcore \
45,000 bitcoins were withdrawn from BitMEX
Gemini, Binance, OKEx and Huobi seem to be the biggest beneficiaries of BitMEX's problems so far. Customers of the latter platform are moving their funds to these exchanges. Bitmex loses Bitcoins More than 45,000 bitcoins have been withdrawn from BitMEX. This is the result of the latest scandal concerning this exchange. The US Department of Justice and the Commodity Futures Trading Commission (CFTC) have filed charges against the platform and its owners. Arthur Hayes, Ben Delo and Samuel Reedem are accused of running an unregistered trading platform and violating CFTC regulations, including anti-money laundering, KYC and AML. We have written more on this topic here. The market reacted to this news with a sharp drop in the prices of leading cryptocurrencies. By the way, this is not the first time that BitMEX contributed to the correction. The exchange began to lose the confidence of its customers already after the crash that occurred on "Black Thursday". Back then, it prevented them from trading. As a result, users withdrew more than 100,000 Bitcoins from it within six months. 45,000 BTC outflow Now the exodus continues. According to Crystal Blockchain, as many as 45,000 Bitcoins were taken off the exchange in less than 48 hours. Interestingly, Gemini and Binance seem to be the biggest beneficiaries of BitMEX's problems. OKEx and Huobi are also benefiting. Over 20,000 BTC has now been transferred from BitMex to these four exchanges. Investors are probably worried that the BitMEX story could end tragically: either the actual arrest of the platform's founders and the seizure of the funds on the platform by the services, or the exchange's website will simply disappear from the web. Let us add, however, that for now there is no indication of this. BTC withdrawals are working smoothly. The same happens on the trading field. And what consequences could the company face? Lance Morginn, CEO of the Blockchain Intelligence Group and a former special agent with the Department of Homeland Security, told Cointelegraph that the most likely outcome will be fines and a promise by BitMEX management that the company will not engage in illegal activities in the future. So maybe the case will end not with a storm, but a light drizzle. Tags bitmex affair bitmex bitmex problems