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Dogecoin News

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Bitcoinist

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Here’s Why The Dogecoin Price Recovered Above $0.1

  • Dogecoin (DOGE) has recovered above $0.1, supported by Bitcoin's rise.
  • The positive price correlation between Bitcoin and DOGE has contributed to the recovery.
  • Elon Musk's renewed support for Dogecoin has influenced its price.
  • If DOGE maintains its bullish momentum, it could reach $0.15 with the help of Bitcoin's rally.

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Bitcoinist

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Dogecoin Whales Reduce Their DOGE Holdings: Is It Time To Panic?

  • Dogecoin whales have been reducing their DOGE holdings, causing concerns among investors.
  • The netflow of large holders has decreased by 57.29% in the past seven days, indicating a significant reduction in DOGE positions.
  • The balance of DOGE on cryptocurrency exchanges has increased by millions of tokens in the last 24 hours, 30 days, and 90 days.
  • Despite whale activity, DOGE's fundamentals suggest a positive outlook in the long term, and it continues to trade above $0.1.

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Minis

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Amazon tries to rehire employee, he turns down the offer 4 times

  • A former Amazon business analyst claims he was arbitrarily laid off in January, receiving a two-month severance package despite previous assurances from his manager that his job was secure.
  • Layoffs were chaotic, with employees editing each other's project descriptions, causing confusion and misattribution of work.
  • Despite being approached by Amazon for re-hiring four times, the ex-employee declined, feeling unappreciated and losing trust in the company.
  • The experience left the former employee feeling depersonalized and concerned about the company's job security, even though he had worked hard in his role.

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Minis

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Why did Elon Musk replace Twitter's blue bird logo with a Doge meme?

  • Elon Musk replaced Twitter's blue bird logo with the Shiba Inu logo related to Dogecoin, the replacement of the logo was Musk's way of retorting back to the lawsuit filed by the Dogecoin investors against him.
  • The step was taken by Musk a day after he appealed for dismissal of a $258 billion racketeering lawsuit which accused him of inflating the value of Dogecoin intentionally.
  • The lawsuit was filed by Dogecoin investors against him, and Musk's legal team argued that his tweets regarding the cryptocurrency were 'innocuous and often silly.'

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Minis

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Twitter's blue bird logo replaced with doge meme

  • Elon Musk has taken his antics to new heights as he replaces Twitter's iconic blue bird with a Doge meme icon.
  • Dogecoin surges over 30% in minutes after Elon Musk's Twitter replaces logo with iconic Shiba Inu, it rises from around $0.077 to $0.1017 after the logo change.
  • Musk has frequently promoted DOGE, suggesting it may offer better payments functionality than Bitcoin.
  • Musk has previously expressed interest in adding cryptocurrencies to a payment system on Twitter, giving DOGE a boost.

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Minis

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Elon Musk seeks to end $258-bn suit alleging he inflated Dogecoin price

  • Elon Musk has asked a US judge to dismiss a $258-billion racketeering lawsuit accusing him of running a pyramid scheme to inflate Dogecoin's price.
  • Musk's lawyers have called the lawsuit a "fanciful work of fiction" and argued that his statements supporting Dogecoin, such as "Dogecoin Rulz" and "no highs, no lows, only Doge," were too vague to support a fraud claim.
  • The lawsuit alleges that Musk's promotion of Dogecoin was part of a larger scheme to artificially inflate its price and defraud investors.

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Minis

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Famed Shiba Inu behind viral 'Doge' meme diagnosed with life threatening diseases

  • The famous Shiba Inu dog that inspired the famous "Doge" meme has been diagnosed with leukaemia and liver disease, the owner revealed in an Instagram post.
  • Right now, the liver level is very bad and jaundice appears. But antibiotics will definitely improve,” she added.
  • The 17-year-old dog stopped eating and drinking on its own on Christmas Eve, according to its owner, Atsuko Sato.
  • The famous "Doge" was sold for a huge $4 million last year, making it the most expensive meme non-fungible token (NFT) ever sold.

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