Submit Blog Home » Cryptocurrency News » Cryptocurrency News » Dogecoin surges 40% on back of Coinbase Pro listing, Musk tweets Dogecoin surges 40% on back of Coinbase Pro listing, Musk tweets June 2, 2021 The meme coin’s renewed surge comes shortly after a listing on Coinbase and renewed meme posting by Elon Musk on Twitter.
3650 Total views
3 Total shares
Meme cryptocurrency Dogecoin (DOGE) gained more than 40% early on Tuesday morning, following its listing on Coinbase Pro and yet another flurry of tweets from self-appointed DOGE spokesperson Elon Musk.
Coinbase announced the listing of Dogecoin on its pro trader platform, Coinbase Pro, on Monday, sparking a swift revival in the coin’s fortunes.DOGE’s price sank 59% over the course of the previous month, following the wider market crash in early March.
On Tuesday, the coin’s price jumped from $0.3137 up to $0.4398 in the hours following the Coinbase announcement, resulting in 40% growth overnight.
Coinbase is now accepting inbound deposits in anticipation of Dogecoin trading starting in earnest on Thursday, assuming enough liquidity is present.Trading will commence across five trading pairs: DOGE/USD, DOGE/BTC, DOGE/EUR, DOGE/GBP and DOGE/USDT.
Tesla’s Musk may have lent further exposure to DOGE on Tuesday when he posted yet another Dogecoin meme.This time, the meme showed the eponymous dog huddled over a 1980s computer setup accompanied by the caption: “I have to keep my passion hidden from the public or I’ll be socially ostracized.” Found this pic of me as a child pic.twitter.com/hUEKluRAdP
— Elon Musk (@elonmusk) June 2, 2021
Musk also retweeted an old Dogecoin meme he first tweeted in 2020, depicting the dog sweeping across the world as it replaces the existing financial system.
In between moving the coin prices of both Dogecoin and Bitcoin (BTC), Musk has also taken care to remind his 56 million followers that he isn’t officially connected to the project in any way and that his ability to affect change on it was limited.Share this: GPU hardware firm riles gaming community by flirting with crypto miners Hungry for coin? A computing hardware firm has angered gamers after apparently marketing the already scarce Nvidia RTX 30 series to cryptocurrency miners.2481 Total views 12 Total shares Computing hardware manufacturer Zotac angered a customer base of loyal gamers on Feb.16 after it posted a tweet apparently marketing its new Nvidia 30 series… Cheese Bank’s multi-million dollar hack explained by security firm Nefarious parties are using flashloans in conjunction with stablecoins to steal DeFi funds from platforms.2218 Total views 19 Total shares An Ethereum-based decentralized finance, or DeFi, platform known as Cheese Bank recently suffered a $3.3 million loss — the product of an early-November hack.
The thieves utilized a somewhat newly-found weakness in the DeFi… Canada Seizes $1.4 Million Bitcoin Holdings in Reportedly Largest Ever Forfeiture A Toronto judge has ruled an online drug dealer must pay his entire $1.4 million Bitcoin (BTC) holdings to the state in what is reportedly Canada’s largest ever forfeiture, local daily news outlet The Star reported April 3.Matthew Phan, who dealt in illegal narcotics online, had tried to convince law enforcement he had amassed his… Ethereum Ice Age May be Imminent If Miners Withdraw From Network The Ethereum block difficulty began to grow back in November 2016.Since then, developers have been constantly forced to carry out hard forks to keep the network up until the transition to a proof-of-stake algorithm takes place.In the lead-up to the Istanbul upgrade, implemented on Dec.8, the Ethereum team decided again to postpone the… Blockchain can shield banks from billion-dollar trade finance scandals, says exec The pressure induced by the ongoing economic crisis, obsolete trade finance systems and mounting geopolitical tensions is pushing the international trade finance industry down a rabbit hole.To add to the already critical situation, recent trade finance scandals involving major players such as Hin Leong, ZenRock, Agritrade and Hontop Energy amounted to a loss of almost… İstanbul Başakşehir is the latest soccer club to launch a fan token The appetite for blockchain-based fan tokens appears to be limitless amongst big-league soccer clubs across the globe.
1087 Total views 11 Total shares İstanbul Başakşehir, last season’s winner of the Turkish Süper Lig, has joined the Socios platform and will launch its own fan token ($IBFK) by the end of 2020.$IBFK, like other fan tokens… Walmart Uses Blockchain Tech to Track Shrimp Supply Chains United States retail giant Walmart, in collaboration with IBM, will use blockchain technology to track its shrimp supply chains.On Oct.4, Indian business publication LiveMint reported that Walmart will use blockchain technology to track its Indian-sourced shrimp to select locations of Sam’s Club retail stores in the U.S.This is reportedly the first time that blockchain… CEO of Japanese Finance Giant SBI Vests His Crypto Industry Hopes in Ripple and R3 Yoshitaka Kitao, CEO and representative director of Japanese financial services giant SBI Holdings, has singled out Ripple (XRP) and blockchain consortium R3 as reasons to remain optimistic about the future of the crypto industry — bear market notwithstanding.Kitao made his remarks during an interview with Japanese crypto news outlet Coin Post on Feb.18.SBI… Elizabeth Stark: From Human Rights to Humanity’s Decentralized Future After more than a decade of Bitcoin’s existence, Satoshi Nakamoto, author of Bitcoin’s white paper back in 2008, remains the most mysterious person within the crypto community.
Despite who he, she or they might be, Satoshi’s brainchild — the first decentralized currency — is still thriving, and it has changed the world as we knew… .