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Dogecoin (DOGE) has come a long way in its more than 10-year history. The cryptocurrency started as a joke but has since become one of the most significant projects by market cap. The original memecoin has even turned many investors into multi-millionaires. People who got into the project in its early days have made massive returns with minimal investment. Also Read: De-dollarization: Trump Vows 100% Tariffs on Nations Abandoning the US Dollar $1000 Worth of Dogecoin Becomes $5 Million DOGE was at its lowest on May 6, 2015. If you invested $1000 in the memecoin on May 6, 2015, the investment would have been worth $5.02 million today. Your portfolio’s value would have risen by 502,598.9% Source: Changelly Also Read: Ripple: New Price Prediction Claims XRP To Hit $18: Here’s When If you had held on to the $1000 worth of DOGE and sold your holdings when DOGE hit an all-time high on May 5, 2021, you would have made $7.56 million. In this scenario, your portfolio’s value would ha...

Argentina’s large st electricity company , YPF Luz, has entered into an agreement with Genesis Digital Assets Limited (GDA). The partnership will establish a new Bitcoin (BTC) mining facility in the Bajo del Toro Thermal Power Plant, with 1,200 mining machines that use stranded gas for power generation. According to YPF Luz CEO Martín Mandarano—as reported by Forbes on May 7—the company has been generating electricity from mining since 2022. In this new partnership, the facility will have a total capacity of 7 MW, with an additional 1 MW backup. GDA Executive President Abdumalik Mirakhmedov stated that Argentina’s pro-innovation climate for crypto has never been stronger. Furthermore, Mirakhmedov highlighted the significant portion of Argentina’s population that already uses cryptocurrencies and stablecoins as inflation hedges. Picks for you Sell signal for two overbought cryptocurrencies this week  58 mins ago Is this the best investment right n...

Crypto, with its promise of financial inclusivity, ironically remains largely inaccessible to the blind and visually impaired. In 2017, Bitcoin.com published an interview with Craig McGee, a blind Bitcoin (BTC) enthusiast from the UK. Born with Norrie disease, a genetic disorder, he faced unique obstacles in his Bitcoin endeavors. “The biggest hurdle for the blind is accessibility,” Craig explained. “Most of the wallets are difficult to use, and the QT client interface doesn’t work too well with a screen reader. So I have to do most things with the debug console, and I have to use the ‘help’ command to remind me of some of the commands. Some wallets are even worse as the menus are not read out by the reader so I can’t get them to debug. “ In 2024, this story still isn’t unique to Craig; it’s a shared experience among many of the 43 million blind and 295 million severely visually impaired individuals worldwide. Their journey in the digital finan...

Galaxy Digital CEO Mike Novogratz believes Binance has satisfied regulators and users after its $4.3 billion settlement with United States authorities. Binance’s $4.3 billion settlement  with the United States Department of Justice (DOJ) is being hailed as a positive move for the company and the wider cryptocurrency industry , according to Galaxy Digital’s Mike Novogratz. In an interview with Bloomberg on Nov. 29, the CEO of the cryptocurrency investment firm expressed his belief that the high-profile settlement should assuage concerned investors and users of the global exchange: “I think they’re de-risked in lots of ways. People were worried about dealing with Binance. There’s a lot less to worry about now.” Novogratz also weighed in on the considerations for major investment firms dealing with exchanges, as well as traditional finance (TradFi) players, with regulatory oversight continuing to take center stage in the United States. Binance didn’t steal money The Galaxy Digital CEO ...

Animoca Brands will become a validator for the Chiliz Chain as the venture capital firm looks to capitalize on the SportFi ecosystem. Venture capital firm Animoca Brands will put its weight behind fan token blockchain Chiliz Chain as it joins the network as a validator within its proof-of-stake authority protocol. Chiliz Chain is the backbone of Socios.com, the platform that operates a plethora of fan tokens for some of the biggest global football and sports teams. Europe’s most loved football clubs and a number of household sports brands have tapped into the solution to power Web3 fan tokens and other blockchain-based offerings. Animoca Brands co-founder Yat Siu says the partnership presents an opportunity for his firm to combine its expertise in nonfungible tokens (NFTs) and gaming with Chiliz’s focus on sports and entertainment-focused blockchain solutions. “We have already seen the rise of DeFi and GameFi, and we believe that SportFi represents the next major growth area that will...

The UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 Terawatt hours of electricity. A recent study conducted by the United Nations (UN) suggested a direct correlation between the price of Bitcoin (BTC) and the energy needed for mining operations. The UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 Terawatt hours of electricity. During this timeframe, the crypto ecosystem was undergoing a bull run, and Bitcoin rallied to mark its all-time high of $69,000. The UN report highlighted: “A 400% increase in Bitcoin’s price from 2021 to 2022 triggered a 140% increase in the energy consumption of the worldwide Bitcoin mining network.” At the time, fossil energy sources accounted for 67% of the electricity generated for Bitcoin mining. However, crypto entrepreneurs have ...

The freeze does not affect Binance accounts owned by ordinary Palestinian civilians. Crypto exchange Binance has frozen accounts linked to Hamas militants as per requests from Israeli law enforcement. According to an Oct. 10 WeChat post by Yi He, the exchange’s co-founder, the freeze is targeted toward Hamas and not the people of Palestine. As stated by He: “Hamas is a designated terrorist organization by the United Nations. Therefore, any organization, including banks and trading platforms, will need to cooperate on the receipt of freeze requests. This is not something Binance can decide on its own.“ Yi He further explained that no trading platforms can refuse such requests: “Palestine has an organized government. Hamas is a local militant group. They kill civilians; that’s the problem. Hamas is not Palestine; the freeze is targeted towards Hamas, not Palestine.“ Earlier on Oct. 10, local news outlet Calcalist reported that Israeli officials froze the crypto accounts of Hamas mili...

Wirex first launched its crypto debit card in 2015 and currently claims over six million customers. Crypto payment service provider Wirex announced the launch of a zero-knowledge proofs -based non -custodial crypto debit card service called W-Pay. Wirex’s new decentralized solution utilizes Zero-Knowledge technology and is built on Polygon's Chain Development Kit (CDK), promising increased scalability and security. Polygon CDK has been built with ZK proofs in focus as it enables companies and users to build their own ZK-powered Layer 2 rail. ZK-proofs-based scalability solution has become quite popular in the crypto space as the zero-knowledge protocol allows one party to convince another party that something is true without disclosing anything other than the fact that the claim in question is true. Over time, Ethreum and the likes of Polygon have seen the most development related to ZK-proofs. W-Pay offers a range of ground-breaking features that enable non-custodial wallets ...

BIS general manager Agustín Carstens stresses the importance of legal frameworks that protect CBDC user privacy and maintain monetary freedom of choice. Legal framework s that ensure that user privacy and the freedom to choose between central bank digital currencies and other forms of money will be key in driving CDBC adoption, according to the head of the Bank of International Settlements. Speaking at the BIS Innovation Hub conference in Switzerland on Sept. 27, BIS general manager Agustín Carstens stressed that legal frameworks remain a key consideration in the development and proliferation of CBDCs around the world: “Most fundamentally, the legitimacy of a CBDC will be derived from the legal authority of the central bank to issue it. That authority needs to be firmly grounded in the law.” He added that different countries' laws specify what types of money their central bank can issue, which typically includes physical cash as well as credit balances on current and reserve ac...

The e-CNY app now allows tourists to top-up their wallets using Mastercard and Visa payments with a “recharge first and use later” option. Tourists planning to visit the People’s Republic of China can now pre-charge their digital yuan wallets using Visa and Mastercard payment options as the nation continues to update the mobile app powering its central bank digital currency (CBDC) pilot. The e-CNY app, which is still in its pilot version, is available to iOS and China-based Google Play Store users. The application serves individual users, allowing them to open digital yuan wallets to use e-CNY. As per the latest iOS app update published on Sept. 22, version 1.1.1 supports its top-up service with international card options. The latest version of e-CNY app on the Apple App Store introduces the top-up service for international cards. Source: e-CNY app According to a number of local Chinese news outlets, the latest version of the e-CNY app coincides with the start of the Asian Games. A tu...

As AI and cloud computing become more popular, their environmental footprint is bound to grow. However, blockchain can help make these technologies more sustainable. As the meteoric growth of AI and cloud computing takes an unspoken toll on the environment, blockchain-based distributed networks like CUDOS can create a sustainable future for AI. In the past, Bitcoin (BTC) was targeted because of its high electricity usage and its consequent environmental impact. It took the combined effort of the mining industry and Bitcoin advocates to kick off numerous renewable energy initiatives, which resulted in the share of “green energy ” in the Bitcoin mining industry growing to over 58%. As Bitcoin carved a sustainable path into the future for itself, another technology started causing qualms in parallel with its explosive growth — artificial intelligence (AI). Sure, it’s fun to ask trading advice from ChatGPT or order a funny portrait of a president on Midjourney, but AI relies on countless...

Alex Tapscott told Cointelegraph that bear markets lead to great ideas being formed and new businesses being built. Bear markets often result in investors showing extreme fear in tools that measure the market’s sentiments. However, despite the uncertainties during a crypto winter, some prefer to focus on the opportunities that it can bring.  Alex Tapscott, managing director at Ninepoint Digital Asset Group, told Cointelegraph that the bear market is a time to focus on building. Tapscott highlighted that it's essential to look beyond the market's prices and see the foundations that are being laid. Tapscott explained that: “Crypto winters are always the best time to drill down on these core concepts, do the work and build for the future. The last bear market brought us the NFT revolution, decentralized finance, stablecoins and play-to-earn gaming.” According to the executive, the current bear market will also prepare the groundwork for realizing Web3’s full potential. As an e...

Pantera CEO Dan Morehead painted an optimistic outlook for the wider cryptocurrency space during a keynote presentation at Token2049 in Singapore. Pantera CEO Dan Morehead highlighted the potential growth and value of Decentralized Finance (DeFi), Web3 functionality, nonfungible tokens (NFTs) and Metaverse applications in his opening keynote speech at Token2049 in Singapore. Thousands of attendees converged on Wednesday at the Marina Bay Sands Convention Center for the start of the two-day conference which Features prominent speakers from the cryptocurrency and Blockchain ecosystem. Pantera, a blockchain-focused investment fund with $4.5 billion of assets under management, said it continues to see value in emerging crypto use cases.  Morehead drew parallels to the early 2000s when emerging technology companies like Amazon, Apple, and Google began to attract major investments after years of dominance by Microsoft in the stock markets. Pantera Capital CEO and founder Dan Morehead. More...

The stablecoin issuer launched a service and API that allows developers to create customized wallets for their users. USD Coin (USDC) issuer Circle has released a beta version of a multi-party computation wallet (MPC) service, according to an Aug. 8 announcement. The new service will allow developers of DeFi apps, Web3 video games, e-commerce services, and other blockchain applications to create customized wallet s specifically for their users. It will be available initially on Ethereum, Avalanche, and Polygon. Building crypto apps is still too hard. Plus, less than 0.5% of the 100 million developers worldwide are actively building crypto apps today. This needs to change. Our new wallet -as-a-service developer platform is a huge step in that regard. Check it out https://t.co/ku9LTz8Z97 — Patrick Hansen (@paddi_hansen) August 8, 2023 MPC wallet s are secured by splitting the user's private key into multiple shards and distributing them through a decentralized network. It’s a ...

According to some experts, miners will always be essential to the Bitcoin ecosystem, even after mining the last coins. Satoshi Nakamoto mined the genesis block on Jan. 3, 2009, minting the first 50 Bitcoin (BTC) in history and kicking off what would become a billion-dollar industry centered around mining crypto. However, with a cap on Bitcoin supply, the fate of miners after the last coins are issued is unclear.  Bitcoin is created through mining, a process involving computer hardware to solve complex mathematical problems and verify transactions on the blockchain network. For their efforts, miners are rewarded with a predeter mined amount of BTC for each block of transactions. According to the Blockchain Council, more than 19 million BTC has been awarded to miners in block rewards, and according to Nakamoto’s white paper, only 21 million are available. Once this cap is reached, miners will no longer receive rewards for verifying transactions. Speaking to Cointelegraph, Nick Hansen,...

RFK Jr. said he will use Bitcoin to stabilize the U.S. dollar as well as make Bitcoin profits exempt from capital gains tax. Democratic presidential candidate Robert F. Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin (BTC) if he is elected president.  Speaking at a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what he called "hard currency," including gold, silver, platinum or Bitcoin, could help to re-stabilize the American economy. "Backing dollars and U.S. debt obligations with hard assets could help restore strength back to the dollar, rein in inflation and usher in a new era of American financial stability, peace and prosperity.” Kennedy explained the process would be gradual and depending on the plan’s success he’d adjust the amount of backing for the dollar. “My plan would be to start very, very small, perhaps 1% of issued T-bills would be backed by hard currency, by gold, silver platinu...