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Coinbase Says Screw It, We ll Let You Buy Doge Illustration: Richard Drew (AP) The cryptocurrency exchange platform Coinbase has caved. After a long silence to the hoards imploring the company to let them trade Dogecoin, they’ve decided to list the meme, adding a sheen of legitimacy to a cryptocurrency with limitless supply, which whales could squash with a whale-sized dump at any moment. On a call with investors on Thursday, CEO Brian Armstrong said that Coinbase aims to list it in six to eight weeks. Advertisement The Doge fans have been wondering why Coinbase has been leaving money on the table. Doge now commands a heart-stopping trading volume and an equally terror-inducing current market cap of $72 billion higher than 77 percent of companies listed on the S&P 500. Fees vary with flat rates for lower purchases, but Coinbase typically charges users a 1.49% fee on transactions made through your bank account. So if, say, Coinbase users bought $1 billion of Dogec ....
Read more about Bitcoin recoups some losses in Asian trade after Musk-triggered tumble on Business Standard. The price of the world s largest cryptocurrency dropped from around $54,819 to $45,700, its lowest since March 1, in just under two hours following the tweet ....
Bitcoin Hit All-Time High at Over $50,000, Leaving Us in Dire Need of Sound Financial Advice Photo: Ozan Kose (Getty Images) Bitcoin is the future, again: this morning, it hit an all-time high value of over $50,000. Is there a lesson in here? Are Elon Musk’s tweets a good investment strategy? Should we get in on this? We have yet to learn. Or maybe we learn nothing, and the notoriously volatile currency will level out, unlike when some lost everything to the 2018 crash. Advertisement Elon Musk first sent Bitcoin and Dogecoin soaring a few weeks ago as a sort of sequel to Reddit’s WallStreetBets frenzy, changing his bio to “Bitcoin” and tweeting “Doge” ....
After vouching for Bitcoin, Tesla CEO Elon Musk has now said that if major Dogecoin cryptocurrency holders sell their coins, he will give them his full support. Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system. Nearly 113 billion coins have already been mined. If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo (in my opinion), Musk said in a tweet on Sunday. Amid the surge in Bitcoin and Ether cryptocurrencies, Dogecoin has surged more than 659 per cent this year. ....