Recipients need to download a Coinbase Wallet to receive the funds, but the crypto exchange says they’ve simplified the process for less tech-savvy users.
Coinbase rolls out crypto transfers via links sent on WhatsApp, Telegram
Recipients need to download a Coinbase Wallet to receive the funds, but the crypto exchange says they’ve simplified the process for less tech-savvy users.
Coinbase rolls out crypto transfers via links sent on WhatsApp, Telegram
Recipients need to download a Coinbase Wallet to receive the funds, but the crypto exchange says they’ve simplified the process for less tech-savvy users.
Nearly half of crypto copy traders are Gen Z, says Bitget report
Younger investors are more likely to take part in copy trading or social trading and take advice from social media influencers, according to the crypto exchange.
Anti-TikTok Politicking Shows Worst Tendencies of U.S. Pols
Web3 Music Streaming Platform Audius Integrates TikTok
Audius users can sign up for the application with their TikTok profiles, as well as utilize the streaming service’s songs in their videos on the social media platform.
Potential US ban is a reminder that influencers should dump TikTok
With TikTok facing the prospect of removal from the United States, users should realize that traditional tech companies are far less reliable than the decentralized web.
The future of DeFi is on TikTok
The younger generation doesn’t have disposable income now, but they’re financially savvy thanks to short-form videos on social media
TikTok data policy debacle: Is user’s crypto at risk?
Could data security concerns raised over TikTok’s operations in America put cryptocurrency users’ coins at risk?
Coinbase regains #1 position on Apple App Store as Crypto.com jumps to third
Crypto.com’s jump to third could be the result of Matt Damon’s recent TV spot promoting the exchange.
Twitter and TikTok embrace NFTs: mainstream adoption incoming?
Social media giants embracing NFTs could be the start of a new reputation system used in an increasingly digital world.
TikTok partners with crypto-powered music streaming platform Audius
According to Audius co-founder and chief product officer Forrest Browning, roughly 95% of users “have no idea that blockchain is even involved.”
The Rise Of Dogecoin: The Good, Bad, And The Ugly
Dogecoin has made crypto investors more money than the likes of Bitcoin and Ethereum since the start of the year. But not everything related to this incredible rise to super stardom has been all glamor and glitz.
While the “joke” coin has proven itself anything but, it still has created a not-so-funny situation for several late-to-the-game mainstream investors. Anyone expecting a dollar per DOGE and bought too close to the top, could now be a sad puppy who’ve lost a lot more than their favorite bone.
Who’s A Good Boy? DOGE Fetches Mainstream Investors Massive Wealth
While in line waiting for coffee, two young men no older than their mid-twenties were heard having a conversation loudly. Before ordering their iced lattes, one tells the other about his $250 investment in Dogecoin turned into a cool few grand in his pocket.
These stories aren’t uncommon for mainstream investors who generally have no idea what they’re doing, but heard about the meme coin with an adorable internet pup though TikTok. They clicked buy on Robinhood or other apps, and net themselves a small fortune – yet not enough to catch up to the coin’s frontman Elon Musk.
Related Reading | Is Amazon About to Accept Dogecoin? The Payment Use Case Explored
Anyone who put money into Dogecoin in early 2021 has far more money than they started with. Unless they were among the latest to join the feeding frenzy among the pack of hardcore fans, then there’s always another side to every coin.
The good, bad, and ugly of the Dogecoin pump all in one chart | Source: DOGEUSD on TradingView.com
Bad Doggy: Dogecoin Latecomers Get Bit, Rally Put To Sleep
The chart above shows the technical rollercoaster that has been the rapid rise of Dogecoin. DOGE has been on a tear, soaring almost 10,000% this year alone.
Anyone who got in before April still has plenty of bones buried out back for a rainy day, however, those late to the feast might want to roll over and play dead.
Related Reading | The Two Signals That Say Dogecoin Holders Are In For “Much Ow”
The initial correction saw an immediately 70% collapse. As of right now, there’s a huge recovery, and Dogecoin is still down more than 40% from all-time high.
But when you’re comparing a measly 40-70% correction against an almost 10,000% rally, this dog could have a lot more to shed.
When assets lose their parabolic advance, they tend to correct by as much as 80% or more. In altcoins like Dogecoin, historically things get far worse, often shaving a full 99% of all-time highs before another recovery attempt is made years down the line.
Those sucked in that don't understand markets can lose a ton of money | Source: Reddit
That could end up leaving investors like the one in the dog house for some time. Take this poor bloke for example, who now has to tell his wife that the allure of DOGE to the moon and $1 Dogecoin was well worth the risk of their life savings.
The moral of this story is that every dog has its day, and Dogecoin’s could now be in the past. If that’s the case, any further gains will be kept on a leash.
Featured image from Pixabay, Charts from TradingView.com
Not so safe? SafeMoon’s parabolic rally isn’t sustainable, traders warn
Traders say the Safemoon rally is not sustainable as the token sees massive volatility.
Why the First US Crypto Bank Is a Big Deal
Kraken became the first crypto exchange to win a U.S. banking license this week. Here’s why that matters.
The Decade of the Living Dead: How Zombie Companies Are Robbing Tomorrow’s Economy
The percentage of companies that can’t afford to pay the interest on their debt has reached a new all-time high in the wake of central bank intervention.
The Business of Geopolitical Competition
As Oracle wins a bid for TikTok US, a look at how tech competition, culture competition and currency competition shape the business of geopolitics.
TikTok and the Great Firewall of America
U.S. politicians say TikTok is a threat to Americans’ privacy. But can we trust Silicon Valley giants to behave any better?
TikTok Let the Doge Out: Why TikTok Doge Is Everything About 2020 Finance in One Story
After a week of viral videos on TikTok, dogecoin is up 35% in price and 2,000% in volume. What gives?
Dogecoin Volumes Spike 1,900% in 2 Days Amid Viral TikTok Videos
The Shiba Inu meme-based cryptocurrency’s price climbed 35% as TikTok users encourage each other to invest.