The co-founder of meme asset Dogecoin (DOGE) is calling out the Chair of the U.S. Securities and Exchange Commission (SEC), saying that he’s “useless in every single way.” Responding to a new video by SEC Chair Gary Gensler claiming that fraud and noncompliance are rife within the digital assets industry, DOGE co-founder Billy Markus says […]
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One of the co-creators of popular meme asset Dogecoin (DOGE) is calling out the DOGE community for its lack of productivity. In a new thread on the social media platform X, Billy Markus, also known as Shibetoshi Nakamoto, says that the DOGE community doesn’t “do anything productive at all” but also adds that developing for […]
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The founder of popular meme asset Dogecoin (DOGE) is revealing his number one rule when it comes to investing in digital assets, as well as his favorite tokens. In a new thread, DOGE co-creator Billy Markus, also known as Shibetoshi Nakamoto, says that traders should not put more money into crypto assets than they’d be […]
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The co-founder of the popular memecoin Dogecoin (DOGE) has enthusiasm for billionaire Elon Musk’s new artificial intelligence (AI) project. Earlier this week, Musk launched his artificial intelligence startup project, xAI, as a means of competing with chatbot ChatGPT, a prominent AI tool. According to Musk, who co-founded OpenAI in 2015, the firm that created ChatGPT, […]
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The founder of Dogecoin (DOGE) is issuing a warning against trading memecoin and non-fungible tokens (NFTs) as he calls the crypto space even “stupider” than it was a decade ago. In a new thread, DOGE creator Billy Markus, known on Twitter as Shibetoshi Nakamoto, reaffirms that Dogecoin was started as a joke to make fun […]
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The owner of the internet-famous Shiba Inu dog posted on social media that Kabosu is in a "dangerous position" after falling ill on Christmas Eve.
Kabosu, the Shiba Inu dog behind the face of Dogecoin (DOGE) and the “doge” meme is in a “dangerous position” healthwise, according to her owner.
In a Dec. 26 Instagram post that was then shared on Twitter, Atsuko Satō, a Japanese kindergarten teacher and Kabosu’s owner, said in Japanese that the rescue dog was in a "dangerous" state, but assured her followers that the canine will be “absolutely fine” and is “getting power from all over the world” from supporters.
The news brought an outpouring of support. One Twitter user sending well wishes offered to fully cover “any expenses needed to make sure she gets the best treatment.”
The co-creator of Dogecoin, Billy Markus, asked his two million followers in a Dec. 26 tweet to send “[love] and [prayers] and good vibes” to Satō and Kabosu.
doge (kabosu) is sick :( please send her and @kabosumama your ❤️ and and good vibes ~ pic.twitter.com/8IqnYWFhWN
— Shibetoshi Nakamoto (@BillyM2k) December 26, 2022
Satō didn’t disclose what health complications Kabosu is facing, but in an earlier post said that Kabosu has been sick since Christmas Eve, refusing to eat or drink.
It should be noted that Shiba Inu dogs have an average life expectancy of between 12 to 15 years and Kabosu celebrated her 17th birthday earlier in 2022.
A picture of Kabosu from Satō’s blog in 2010 inspired the viral “doge” meme format.
Eventually, the popularity of the meme sparked the 2013 creation by Billy Markus and Jackson Palmer of what’s considered the first “meme coin,” Dogecoin, which the pair said they created as a joke.
Kabosu is a popular figure in the crypto world, with Ethereum founder Vitalik Buterin also visiting Kabosu and Satō in their Tokyo apartment in 2018.
Despite being created as a joke, Dogecoin remains hugely popular within the crypto world nearly 10 years after it was first created.
DOGE is the 8th largest coin with its nearly $10.4 billion market capitalization according to CoinGecko data and saw a volume of over $332 million in the last 24 hours.
Related: Turkey has an obsession with crypto — Specifically Dogecoin: Study
Dogecoin was the second-most searched crypto on Google behind Bitcoin (BTC), averaging 5.85 million monthly worldwide searches in 2022.
Elon Musk’s takeover of Twitter had many Dogecoin users hopeful that he would integrate DOGE on the social media platform causing the price to rally on the news.
Musk has been a longstanding proponent of Dogecoin and at one point, before admitting it wouldn’t be feasible, planned to charge Twitter users 0.1 DOGE to post on the platform in a bid to cut down on scam posts.
Dogecoin has sparked a variety of similar dog-themed cryptocurrencies such as Shiba Inu (SHIB), Dogelon Mars (ELON), and Floki (FLOKI), which was inspired by Musk’s Shiba Inu, Floki.
The creator of popular meme token Dogecoin (DOGE) is rejecting an offer worth millions of dollars in digital assets to promote an unofficial offshoot crypto project. Billy Markus, co-founder of the dog-themed crypto asset, has rejected an offer of 10 billion DOGE, worth about $14 million at time of writing, to promote Dogechain, a blockchain […]
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Vitalik Buterin has called for relief for the average UST smallholder who got lured in by promises of high stablecoin yields by crypto influencers.
Ethereum co-founder Vitalik Buterin thinks that the beleaguered Terra (LUNA) project should prioritize small hodlers as part of any proposed reimbursement plan.
As widely reported, the Terra eco-system suffered a death spiral around May 9 which resulted in LUNA tanking 100% and the Terra USD (UST) stablecoin losing its USD peg (priced at $0.16 at time of writing).
With LUNA and UST investors reeling from substantial losses, the community is now looking at ways to reestablish the ecosystem and potentially offer relief to the many people who got burned financially.
One such community proposal — assuming the UST dollar peg is eventually stabilized — is to first reimburse all of the initial deposits (not yield) of small UST holders to “greatly improve general morale and sentiment” while figuring out how to sort creditors and larger investors later. The payout is estimated to cost between $1 billion to $1.5 billion.
Buterin showed support for the idea via Twitter on May 15, noting that the focus should be on the smaller investor who needs the money, before going a step further by suggesting that the whale hodlers should cop the loss:
“Coordinated sympathy and relief for the average UST smallholder who got told something dumb about ‘20% interest rates on the US dollar’ by an influencer, personal responsibility and [sorry for your loss] SFYL for the wealthy.”
While the Ethereum co-founder didn’t explicitly call for regulation, he did highlight that potential cover such as financial deposit insurance could be useful in these circumstances.
“An interesting unrelated one is Singapore employment law. Stronger regulation for low-earning employees, and a more figure-it-out-yourself approach for the wealthier. IMO things like this are good hybrid formulas” he said.
The obvious precedent is FDIC insurance (up to $250k per person)
— vitalik.eth (@VitalikButerin) May 14, 2022
An interesting unrelated one is Singapore employment law. Stronger regulation for low-earning employees, and a more figure-it-out-yourself approach for the wealthier.
IMO things like this are good hybrid formulas. pic.twitter.com/25XkfE8UVc
At this stage, it is unclear if the project will be able to rebuild, or if it will aim for a temporary resurgence to recoup investor losses, however difficult that may be. It is also worth noting that the proposal relating to Buterin’s comments was updated over the week, and is now weighing up paying out all users up to a per-wallet cap of $50,000.
Related: Buterin donates $4M to Uni of NSW for pandemic detection tool
Another idea being floated around online is to develop a hard fork upgrade for the Terra blockchain dubbed “TERRA 2”, while also launching a liquidity pool to bring UST back to its peg.
Binance founder and CEO Changpeng Zhao slammed this notion over the weekend, however, noting on Twitter that “forking does not give the new fork any value. That's wishful thinking.”
Prior to the LUNA and UST crash, the Luna Foundation Guard held around $2.7 billion worth of Bitcoin (BTC), and in reference to the pool idea to rebuild UST, CZ also questioned “where is all the BTC that was supposed to be used as reserves?”
Personal opinion. NFA.
— CZ Binance (@cz_binance) May 14, 2022
This won't work.
- forking does not give the new fork any value. That's wishful thinking.
- one cannot void all transactions after an old snapshot, both on-chain and off-chain (exchanges).
Where is all the BTC that was supposed to be used as reserves? https://t.co/9pvLOTlCYf
Terraform Labs founder Do Kwon — who resurfaced online late last week — has also proposed a reconstitution of the Terra blockchain to reset “network ownership” and distribute 1 billion LUNA tokens to the community.
Kwon’s proposed “Terra Ecosystem Revival Plan” however has seen strong pushback from popular figures in the crypto community such as Dogecoin co-founder Billy Markus, who has called for Kwon to leave the sector and also noted:
“If they wanna pay off the victims of their dumbass failed protocol, instead of using new money from new victims, they should use the money they already funneled from investors to pay them back.”
While April 20 or 420 is synonymous with cannabis culture, the day is also considered “Doge Day,” by a great number of dogecoin supporters. The day prior on Twitter, the Doge network’s co-founder Billy Markus asked what people should expect on Doge Day and for dogecoin’s price action. 12 months ago dogecoin was swapping hands […]
Three prominent figures in the crypto world say that popular meme token Dogecoin (DOGE) could become “the people’s currency” under the right circumstances. In a recent Twitter conversation, billionaire Elon Musk, DOGE co-creator Billy Markus and Robinhood CEO Vlad Tenev discuss what it would take for the dog-themed crypto asset to become the currency of […]
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