Elon Musk’s tweet Tesla CEO, Elon Musk, continues to keep Dogecoin (DOGE) relevant through his latest announcement. On Friday, January 14, Musk tweeted “Tesla merch buyable with Dogecoin”. Following his tweet, DOGE saw a 10% increase in price. Only select items are available for purchase with DOGE, like the Giga Texas Belt Buckle or the Cyberwhistle. This isn’t his first time tweeting about the meme coin; he has announced SpaceX missions to be funded entirely by DOGE. He even has a pet Shiba Inu named Floki, which caused a stir on Twitter, and responded to a tweet about how he could be the world’s first trillionaire by saying “*In Dogecoin”.…
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Kim Kardashian and Floyd Mayweather Are Being Sued for Advertising a Crypto Token
Boxing legend Floyd Mayweather and Reality TV star and model Kim Kardashian are under fire after promoting an alleged “pump and dump” scam
The controversy Kim Kardashian, Floyd Mayweather, basketball player Paul Pierce are all under fire for using their platforms to promote the EthereumMax (EMAX) token. As stated in the class action complaint “This case arises from a scheme among various individuals in the cryptocurrency sector to misleadingly promote and sell the digital asset associated with EthereumMax (the EMAX Tokens) to unsuspecting investors.” The case essentially states that the defendants used their own influence as celebrities to artificially inflate the price of the token. From there, investors bought EMAX tokens at an inflated price. After this, supposedly the defendants involved then went and sold off their shares of the token, made a…
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Weekly Bitcoin Review
Bitcoin briefly dips below $40,000
Bill Miller allocates 50% of portfolio towards Bitcoin In his WealthTrack interview last Friday, Bill Miller shared his thoughts on Bitcoin. At the end of the interview, the long time value investor states that Bitcoin provides a “service of insurance against financial catastrophe that no one else can provide.” He then stated that he has allocated 50% of his investment portfolio into Bitcoin and other Bitcoin related assets, like MicroStrategy. He claims to now be a Bitcoin bull instead of just an observer. Even with the current fear in the market over Bitcoin, he is still bullish in the long-term. Store of wealth Many who buy Bitcoin view it as…
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Cryptocurrency Market Sees Drops Across the Board
Federal Reserve’s December meeting and Kazakhstan protests cause major dips in the market for the first week of 2022
Leading cryptocurrencies fall over 10% Over the last seven days Ethereum (ETH) has fallen 13.3%, Binance Coin (BNB) 12.4%, and Bitcoin (BTC) by 10%. Both BTC and ETH hit three months lows, and still have yet to recover. Few coins have seen gains in the last week, Chainlink (LINK) and Cosmos (ATOM) being exceptions. The market cap of the whole crypto market has been in decline since the middle of November. The market saw a major dip in early December, and then continued the slow decline. Now in early January the market has once again seen a significant drop. Even with the market dipping in December, it still seemed bullish.…
