The TikTok Dogecoin challenge is still having a positive effect on DOGE today, monitoring an 18% rise in the last 24 hours, totaling it to over 100% over the last week.
Amidst the Dogecoin hype, big crypto giants have invested in the coin for their traders. Binance and Bitfinex are offering traders on their platforms spot and futures trading pairs. Traders will short DOGE against USDT with a 50x leverage. OKEx is also in the bandwagon, adding margin trading and savings to the list.
The Dogecoin hype has instigated extensive talks on social media platforms. Dave Portnoy’s comment remains among the most interesting of all, claiming that Dogecoin is “a pump and dump,” adding” bubbly rose” to the names he gave the coin.
To read more on DOGE and other altcoins, follow our daily analysis here.
Crypto Exchange Coinbase Eyeing Stock Market Listing
Rumors have it that San Francisco-based crypto exchange Coinbase is focusing on attaining listing on the stock market. It would make the company the first cryptocurrency exchange worldwide to go public as a digital asset exchange platform. For this to happen, Coinbase needs to get approval from the U.S. Security Exchange Commissions. However, crypto exchange investments face a lot of skepticism from the government and community as a whole; hence, it might affect its progress.
Read the full story here.
Lithuania Launches LBCOIN as Test for CBDC
In 2020, the Bank of Lithuania has been experimenting with how best to adapt and utilize blockchain technology. On July 9, a press conference led to the government’s launch and release of about 24,000 LBCOINs in the system, which users can trade for silver coins. The coin is a great effort to try out ways of implementing CBDC. Furthermore, the Bank of Lithuania will soon accept investments in digital currency.
Read more on CBDCs here.
Ceres Seeks SEC’s Approval of $50M Crypto Sale
The cannabis and lending firm Ceres has been seeking the SEC’s approval for a token sale worth $50M. They wish to sell $30M and $20M worth of tokens and Ceres coins, respectively. It is all in the effort to develop its payment platform for digital transactions. The firm also wishes to formulate a seed to sale transaction network for cannabis if the SEC approves the sale.
Find more about the platforms that have been approved by the SEC here.
Survey Suggests Rise in Crypto Losses
A recent survey by the Cremation Institute has shown that most crypto investors are unprepared for their death when securing digital assets. Less than a quarter of the respondents had plans for their investments once they died. The study suggests that this will cause huge crypto losses unless investors come up with wills like any other traditional investment.
Find out why Quadrigacx filled for bankruptcy here.
