Blockchain and Cryptocurrency: People, Culture and Tech
Just a few short months ago, XRP’s market cap meant that its position in the top three cryptocurrencies was secure. Unfortunately, a confluence of factors has plunged the altcoin’s standing into peril.
In a filing with the U.S. Securities and Exchange Commission, the electric vehicle manufacturer also confirmed that it plans to accept BTC as a payment method soon. However, it’s unclear whether or not such payments would be converted into cash immediately afterwards.
“Banteg”—a core developer on the DeFi protocol whose Twitter bio says they are “ahead of the curve”—confirmed that the vault ended up losing $11 million. He went on to sow confusion by saying that deposits had been disabled while an investigation took place… and later confirmed that this isn’t possible given how the ecosystem is decentralized.
The world’s richest man has a rather surreal infatuation with DOGE, a cryptocurrency that was started as a joke between two developers back in December 2013. After removing #bitcoin from his Twitter bio, one of his first tweets after breaking his silence featured a picture of a rocket in front of the moon—followed by one word: “Doge.”
