The Assorted Teachings of Dogecoin
Created as a cryptocurrency parody in 2013, Dogecoin languished for years. Then, in 2021, it went absolutely wild. What have its holders learned?
The price of Dogecoin, a cryptocurrency created in 2013, is surging now.Credit.Richard Drew/Associated Press
May 15, 2021, 5:00 a.m. ET
In 2013, two friends who met in a chat room created Dogecoin as a joke. Named after a meme of an expressive dog, it was meant to mock the self-serious cryptocurrencies of the time, many of which never took off. The joke did, though, and it spawned a community of enthusiasts who kept it alive for years at a negligible price.
Technology|Heâs a Dogecoin Millionaire. And Heâs Not Selling.
https://www.nytimes.com/2021/05/14/technology/hes-a-dogecoin-millionaire-and-hes-not-selling.html
Glauber Contessoto believes deeply in Dogecoin.Credit.Samuel Trotter for The New York Times
Sections
Heâs a Dogecoin Millionaire. And Heâs Not Selling.
Glauber Contessoto went looking for something that could change his fortunes overnight. He found it in a joke cryptocurrency.
Glauber Contessoto believes deeply in Dogecoin.Credit.Samuel Trotter for The New York Times
Last February, when Glauber Contessoto decided to invest his life savings in Dogecoin, his friends had concerns.
âThey were all like, youâre crazy,â he said. âItâs a joke coin. Itâs a meme. Itâs going to crash.â
The Untold Story of the NFT Boom
https://www.nytimes.com/2021/05/12/magazine/nft-art-crypto.html
The New Digital Market
The Untold Story of the NFT Boom
Digital creators used the blockchain to create a whole new art scene. Then their work started selling for thousands sometimes millions of dollars.
Credit.
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“It’s at 40.7 ETH,” FEWOCiOUS gasped. “That’s crazy.”
It was not quite 4 in the afternoon, and Victor Langlois, an 18-year-old cryptoartist, was at his desktop computer, watching a frenzied bidding war between two art collectors. Langlois known by his art name FEWOCiOUS, or Fewo, to his friends and fans was dressed in a white hoodie that he had designed, its arms covered in his own psychedelic art, including an eyeball and sunflower afloat in a blue sky. The room’s window had been covered with cardboard to keep things dark, and a string o
There’s an industry term for white-knuckling it through crypto’s wild volatility without selling: “hodl.” “I always tell my friends, ‘If you really believe in it, buy it for your kids,’” one asset manager said.Credit.Ilana Panich-Linsman for The New York Times
The Great Read
Weâre All Crypto People Now
Bitcoin and other cryptocurrencies have gone from curiosity to punchline to viable investment, making them almost impossible to ignore â for better or worse.
There’s an industry term for white-knuckling it through crypto’s wild volatility without selling: “hodl.” “I always tell my friends, ‘If you really believe in it, buy it for your kids,’” one asset manager said.Credit.Ilana Panich-Linsman for The New York Times
Possible cryptocurrency fraud is another blow to Turkey’s financial stability.
A bitcoin ATM in an Istanbul shopping mall. Many Turks have turned to cryptocurrencies as a hedge against inflation.Credit.Chris Mcgrath/Getty Images
April 23, 2021, 8:14 a.m. ET
A cryptocurrency exchange in Turkey suspended operations this week amid accusations of fraud, freezing an estimated $2 billion in investors’ money, and authorities said they were seeking the company’s founder.
Turkish authorities raided offices in Istanbul associated with Thodex, a cryptocurrency trading platform, on Friday morning and arrested more than 60 people, the private news agency Demiroren reported.
Thodex’s 27-year-old founder, Faruk Fatih Ozer, left Turkey for Albania on Tuesday, Turkish authorities said, who added that they were seeking his extradition.