Elon Musk Polls His Twitter Followers About Dogecoin

The CEO of Tesla posed a question to his Twitter followers and said, “Do you want Tesla to accept Dogecoin?”, With simple options to answer “yes” or “no”.

Within hours, more than 2.7 million people answered the poll, at which point 77.2 percent of the respondents said they wanted Tesla to accept Dogecoin as a payment method, compared to 22.8 percent who answered “no”.

The SpaceX founder’s tweet comes one day after he announced that the company will launch a satellite called “Dog 1”, with a mission that will be paid for in full using the “Dogecoin” currency.

Just days ago, the mask described the “Dogecoin” coin as a “hustle”, during his appearance as the presenter of the popular comedy show “Saturday Night Live”, which caused a decrease in the value of the cryptocurrency by at least 28 percent.

Musk appeared in one of the program clips, in the role of a financial expert, and the broadcaster asked him about “Dogecoin”, and Musk explained that it is “the future of the currency”, before adding that the cryptocurrency is “hustle.”

Musk’s mother, who joined him on the program, said she was “excited about the Mother’s Day gift, and I just hope it isn’t Dogecoin.” Her son replied, “Don’t worry she is, definitely.”

Within minutes, Dogecoin fell 25 percent against the dollar, but has gradually recovered since then and regained some of its losses.

In February, Tesla bought $ 1.5 billion worth of Bitcoin, another popular cryptocurrency, and said it plans to accept this type of digital cash, for payment soon.

A number of companies accept Bitcoin and other cryptocurrencies for payment, while many others are studying the matter, according to Business Insider, including companies in the field of fast food, large technology, beverages, and technical industries.

And earlier this month, the Auckland Athletics baseball team became the first in the professional class to allow fans to purchase tickets with Dogecoin.

Earlier, Musk, one of the world’s richest people, encouraged his fans on the Internet to invest in cryptocurrencies, with a primary focus on “Dogecoin”, and many credit him for the significant increase in the value of the cryptocurrency.

But Musk called on investors last week on Twitter to be cautious.

“Cryptocurrency is promising, but please invest with caution!” He said.


Kansas City Chiefs fire Sean Culkin

Kansas City – In 2021, he wanted to be the first NFL professional to be paid entirely in Bitcoins – now, for the time being, he no longer gets a salary: Sean Culkin is unemployed.

The Kansas City Chiefs fired the backup tight end. Free agency signing Blake Bell and five-round pick Noah Gray take on the replacement role behind Travis Kelce instead.

Had Culkin made it into the final roster of Chiefs, he would have been entitled to $ 920,000.

Culkin announced in April that he wanted to convert all these dollars into cryptocurrency: “I fully believe that Bitcoin is the future of the financial market, and I want to prove that I really know about it and not just earn something quickly would like to.”

Whether quickly or not, Culkin now has to earn something elsewhere.

Other NFL players are also betting on bitcoins

Before Culkin, other players had already announced that they wanted to receive at least part of their salary in bitcoins.

For example, Russell Okung of the Carolina Panthers received half of his pre-season salary in virtual currency.

Number one pick Trevor Lawrence recently closed a deal with a corresponding app and has his signing bonus paid out in cryptocurrency by the Jacksonville Jaguars.

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This is the most profitable investment of the last 6 months in the world!

The cryptocurrency Dogecoin achieved its highest level ever on Saturday afternoon and was classified as a cryptocurrency. It was founded to ridicule Bitcoin in the first place and did not carry the same rules for its issuance size cap, as it was symbolized by the image of a dog from the Shiba Inu breed.

Dogecoin rose 27,000%, or about 270 times, from its price of $ 0.0027 6 months ago, reaching $ 0.7368 on Saturday afternoon, before falling strongly since then by 33% near the $ 0.48 level.

During the same period, the Standard & Poor’s Index rose by 19%, while Bitcoin and Ether competitors rose by 286% and 698%, respectively, according to CoinMarketCap, according to CNBC.

In 2013, software engineers Billy Marcus and Jackson Palmer launched the satirical cryptocurrency as a way to mock Bitcoin and many other cryptocurrencies that boast grandiose plans to take over the world.

Elon Musk’s influence

It’s not entirely clear when or why Dogecoin captured Elon Musk’s heart. The billionaire founder of Tesla and CEO of SpaceX has spent years talking about cryptocurrency.

Musk’s tweets that sometimes contain cryptocurrency signals often send their prices to new highs, which helped increase the interest of individual investors in the cryptocurrency.

With Elon Musk introducing SNL on Sunday, Dogecoin has collapsed vigorously, losing around 30% of its value in the last 24 hours.

Dogecoin appraisal

At the moment, there are very few use cases for Dogecoin. Although more merchants are starting to accept Dogecoin as a method of payment, it is nowhere near the level of adoption necessary to use it as any kind of physical substitute for the currency.

Dogecoin is not a reliable store of wealth either, as this usually requires a certain degree of long-term belief in the currency.

It justifies all this recent rise behind it, and it is related only to speculation that there is a wealthy person who can buy from them the cryptocurrency at a higher price, or adjacent to him in owning shares of the same assets that these rich people are interested in.


Ethereum follows Bitcoin to record: These two coins are the next course rockets *** BILDplus content *** – Live and save

BILD finance diva Katja Eckardt names her two upcoming crypto stars

Ethereum follows Bitcoin to record: These two coins are the next price rockets
Photo: Melinda Nagy – stock.adobe.com

3000 dollars – Ethereum is the next record breaker in the crypto universe and follows its big brother Bitcoin! The price explosion should not be over yet, says BILD finance diva Katja Eckardt.

Much more important: She already has two new, much lesser-known coins on the slip, both of which have grown by more than 1000 percent in the last year and NOW, could still be the next price rockets!

You can only read with BILDplus which new super-coins they are and why financial diva Eckardt is also predicting a rosy future for Ethereum.


All you need to know about Bitcoin and the world of cryptocurrencies … How does it work?

If you’ve been following the news, you undoubtedly know some things about Bitcoin by now, but the question remains about why some finance experts believe in cryptocurrency and others reject it?

With the continuation of Bitcoin news and its great price fluctuation, as well as being a new class of assets even if some do not consider it a currency in the usual sense, some things emerge that you should know, the first of which is that Bitcoin is a cryptocurrency, and the second is that the value of one of them is more than 50 thousand dollars. Although the price fluctuates dramatically day after day.

The third thing is that many large companies in the world have invested in Bitcoin, including electric car manufacturer Tesla. However, if you are like many people ignorant of other things, including what exactly cryptocurrency is, how it works and whether it is a safe way to invest your money, here is the following information:

History of Bitcoin

Bitcoin was invented in 2009 as a form of digital currency. Unlike paper money or debit cards, which represent the paper money a buyer keeps in a bank, Bitcoin has no physical form. It is stored digitally, which provides more security than checks, paper money transactions, and even other digital transactions.

As of Tuesday morning, Bitcoin opened at a level of more than $ 57,000, while the price of the cryptocurrency in 2010 was only about 8 cents per bitcoin.

Other cryptocurrencies

Bitcoin is a leader in the world of cryptocurrencies, but today there are more than 6,700 cryptocurrencies traded on the public markets, according to CoinMarketCap.

Although Bitcoin and other cryptocurrencies are used to exchange goods and services in the private market, they are not considered a legal market like the US dollar and other fiat currencies.

Some of the most popular cryptocurrencies today include Ethereum, Bitcoin Cash, and Litecoin, which you can buy through PayPal. Other less popular cryptocurrencies are called altcoins, as one of the most popular alternative currencies is Dogecoin, which became famous through the tweets of billionaire Elon Musk, who recently tweeted: “Buy some Dogecoin for lil X, so that he is a new believer in the cryptocurrency.” This is meant by his son.

What is meant by cryptocurrency and cryptocurrency?

Bitni.com founder Rob Zell described it as follows: “A cryptocurrency is a completely decentralized peer-to-peer electronic money executed by means of cryptography.”

Due to their nature, cryptocurrencies are not regulated, which carries with it the risk of market volatility and the loss of investors. However, the security risk and the risk of fraud when using Bitcoin and other cryptocurrencies are greatly reduced.

Also, due to the extremely secure nature of transactions, purchases cannot be tracked. This means that individuals can use cryptocurrencies to purchase illegal or highly regulated goods, including certain classes of drugs or firearms.

Cryptocurrencies use encryption technology to keep transactions and currencies safe, and cryptography, or cryptography, is the practice and study of secure communication techniques in the presence of third parties called liabilities.

Dr. Alexander Shepilov, CEO of iModX, a blockchain-based marketplace, explained that the most common form of encryption is the use of tokens to send messages securely between two people, according to Yahoo Finance, which was seen by Al Arabiya.net.

How does blockchain work?

Cryptocurrencies are traded via blockchain, or blockchains, which Shepilov describes as “a way for multiple computers to reach consensus on a set of information.” “The most common use of blockchain technology is to create a ledger for financial transactions between many individuals,” he says.

The blockchain works via cryptography, whereby each block in the chain is linked in an encrypted form to the previous part. Each block of the chain is stored and shared over a peer-to-peer network, similar to file-sharing torrents. Blocks are tamper-proofed encrypted. This makes it extremely difficult for hackers to modify or lock down, according to Zell’s description.

Thanks to blockchain technology, Bitcoin and other cryptocurrency transactions are inherently more secure than other types of digital transactions, such as online banking, money transfer through digital wallets, or peer-to-peer payment services. But it is important to emphasize that all of these services use the latest encryption technology to protect your money digitally.

This does not mean that bank money is not safe. Most banks offer fraud protection so that if your account is hacked, the bank will return your lost money.

On the other hand, there is a huge problem due to the massive cryptocurrency protection system, which is that if you lose your password or forget it, you will never be able to recover your coins unlike bank accounts.

Understand why cryptography is so dangerous

Although your investment in encryption is likely to be “secure”, that does not mean that it is “secure” in any way. There are two elements that make cryptocurrency more risky than keeping cash in a bank account, namely: market volatility and the lack of government insurance and regulation.

For example, in the US market, when you keep your money in a bank account, it is insured by the Federal Insurance Corporation (FDIC) for up to $ 250,000 per depositor, per account category, and per bank. This means that if you have your own checking account with $ 100,000, a savings account with $ 50,000, and investment certificates worth $ 100,000, all within a single FDIC-insured bank, your money is all protected by the insurance organization on Federal deposits. And if your bank goes out of business, you won’t lose your money.

Conversely, if something happens to the cryptocurrency company, you may lose all of your investment.

Cryptocurrencies, like stocks and other investments, also tend to be very volatile. When you hold cash in a bank, the value of your money will fluctuate marginally based on inflation or deflation. But it is very unlikely that you will lose – or earn – large amounts of money overnight.

“Cryptocurrencies tend to be very volatile … in one day, a cryptocurrency can move 20% or more. Some of the newly invented digital currencies can jump 40 times in the first few months,” says Zell.

He added that there is another concern for those looking for a safe haven for their money. “Sometimes, the newly created currency will be a complete fraud and the founders will take the money from the investors and disappear, leaving them with a worthless token,” says Zell.

Can you use Bitcoin to buy things?

Currently, Bitcoin and other cryptocurrencies are inherently traded like stocks and the currency used to exchange goods and services. However, high transaction fees and volatility of digital currencies prevent it from being widely adopted as a currency.

You can use Bitcoin and other cryptocurrencies to make purchases, but they aren’t always perfect.

Shepilov adds that the vast majority of cryptocurrencies at the moment are treated as assets rather than currency.

“They are speculated by investors who assume that the assets will increase in value over a long period of time,” he adds.

However, even though people have made millions through their Bitcoin investment over the past year, crypto may not be the best choice for novice investors or those with low risk.

“Cryptocurrencies are unregulated assets with a high degree of volatility and limited government oversight, and the majority of cryptocurrencies lose most or all of their value very quickly, with more than half of them failing in the first four months,” Chepelov warns.


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Mark Cuban spoke about the benefits of Bitcoin, Ethereum and Dogecoin

Billionaire Mark Cuban compared the first cryptocurrency to gold and called both assets financial religions. According to him, bitcoin is easier to store and trade, and “gold is a problem.”

The investor also talked about the benefits of Ethereum smart contracts. They are better, cheaper and faster at authenticating, buying, selling and shipping digital goods than their counterparts, Cuban added.

“Ethereum smart contracts for DeFi are better than banks for depositing, accumulating and trading financial instruments. They are automated, trustless and almost instantaneous, ”wrote the billionaire.

Cuban also criticized the banking system for adding value to the same operations that smart contracts do and reliance on buildings and people.

According to the investor, Dogecoin’s usefulness as a currency is growing as companies add it as a payment method. Cuban is confident that the meme digital asset is capable of retaining purchasing power better than the US dollar.

Recall that in early April, Cuban revealed his cryptocurrency portfolio. The billionaire said that he concentrated 60% in Bitcoin, 30% in Ethereum, and 10% in other digital assets.

In February, Cuban called Bitcoin “a store of value, not a currency.” In January, he compared the first cryptocurrency to Amazon during the dotcom bubble.

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Fund manager Kaldemorgen: State crackdown on cryptocurrencies!

Klaus Kaldemorgen, star fund manager of the Deutsche Bank subsidiary DWS, calls for stricter regulation of crypto currencies such as Bitcoin. “It cannot be that a gap opens up in our otherwise regulated economy, where money laundering can be carried out with impunity and undetected, and other prohibited transactions can be carried out,” he says in an interview in WELT AM SONNTAG.

In addition, nobody knows who all these digital coins belong to. “Are they all in a few hands, so that their course is free for any kind of manipulation? Or the crypto exchanges: How susceptible are they to manipulation? ”Continues Kaldemorgen.

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The states and central banks have this in mind and are increasingly looking at it critically, Kaldemorgen notes. He believes that they will step in soon. “The regulatory authorities will therefore soon be tightening the screws, also because of the taxes that the state is missing,” says Kaldemorgen.

The prices of cryptocurrencies like Bitcoin have risen rapidly in recent years. Worldwide, it currently contains investor funds of around $ 1.7 trillion.

More regulation could have a negative impact on the price. Kaldemorgen has been a fund manager at DWS for almost 40 years and is considered one of the most successful investment specialists in Germany.

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JP Morgan exposes the 3 advantages of the currency that will be able to unseat Bitcoin

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Analysts at investment bank JP Morgan believe that ethereum may end up outperforming bitcoin thanks to its characteristics in liquidity, demand, and less dependence on derivatives markets.

While all eyes are on bitcoin due to an 8% drop as of April 28, ethereum rose 41% in April and has a tendency to continue rising due to these three factors, according to JP Morgan.

“Both bitcoin and ethereum experienced a comparable liquidity shock earlier this month that triggered a comparable slowdown event of their respective derivatives markets in the days after,” the note reads.

According to him investment bankIn a liquidity shock, bitcoin plunged below $ 50,000 per unit, while the ethereum network has long carried a higher rate of transactions on the public blockchain compared to bitcoin.

“Higher turnover on the public ETH blockchain means that a markedly larger fraction of those coins can be considered highly liquid, further mitigating the impacts of future settlements,” it highlights.

This can make the base of lawsuit for ethereum more durable and less dependent on derivatives markets, causing this currency to shorten its price difference with bitcoin and in the future I even overcome it.

Various bitcoin coins - Sputnik World, 1920, 03.07.2021

In search of the goose that lays the golden eggs: the cryptocurrencies that can dethrone Bitcoin
At the moment, opinions about Bitcoin among experts, analysts, investors and a myriad of financial institutions remain divided. Many criticize the volatility of the cryptocurrency and have even come to compare it to a pyramid scam, while others like Elon Musk supported bitcoin when its price was rising, making it reach its highest peak.