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Musk Trolls Buffett With Fake Quote on Twitter, Then Deletes It

Bitcoin.com
Musk Trolls Buffett With Fake Quote on Twitter, Then Deletes It
billionaire
Musk Trolls Buffett With Fake Quote on Twitter, Then Deletes ItElon Musk went after Bitcoin hater Warren Buffett recently, sharing what looked like a bullish crypto quote attributed to the billionaire investor. The tech entrepreneur, whose comments on social media have been moving crypto markets this year, later removed the post with the obviously fake Buffett statement. Elon Musk Finds Buffett’s ‘Best Financial Advice’ Tesla […]
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Nigerian SEC tightens crypto marketing rules

Nigerian SEC tightens crypto marketing rules

Survey Finds Gen Z More Likely to Invest in Cryptocurrencies and Memes Over Traditional Investments

Bitcoin.com
Survey Finds Gen Z More Likely to Invest in Cryptocurrencies and Memes Over Traditional Investments
baby boomers
Survey Finds Gen Z More Likely to Invest in Cryptocurrencies and Memes Over Traditional InvestmentsA recent study published by Gambler’s Pick notes that Gen Zers are less likely to invest in traditional investments like equities and more likely to invest in cryptocurrencies, meme investments, and non-fungible tokens (NFTs). Gen Z More Likely to Invest in Cryptocurrencies and Meme Investments Than Stocks and Common Assets The web portal gamblerspick.com published […]
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Nigerian SEC tightens crypto marketing rules

Nigerian SEC tightens crypto marketing rules

Dogecoin Market Cap Nears $100B, Critics Blast ‘Joke Coin,’ Community Abuzz With Rumors of DOGE Whales

Bitcoin.com
Dogecoin Market Cap Nears 0B, Critics Blast ‘Joke Coin,’ Community Abuzz With Rumors of DOGE Whales
addresses
Dogecoin Market Cap Nears 0B, Critics Blast ‘Joke Coin,’ Community Abuzz With Rumors of DOGE WhalesThe infamous meme-based cryptocurrency dogecoin is on the move again just before the upcoming Saturday Night Live episode featuring Elon Musk. While dogecoin is up 81% today a lot of cryptocurrency veterans have been warning newbies about the digital currency that was meant to be a joke. Meanwhile, others believe that dogecoin has a lot […]
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Nigerian SEC tightens crypto marketing rules

Nigerian SEC tightens crypto marketing rules

After a remarkable run, social media sentiment sours on DOGE

Coin Telegraph
After a remarkable run, social media sentiment sours on DOGE
Coin Telegraph

Americans carried the digital currency higher, but their enthusiasm may be waning.

It was a Shiba Inu shooting across the sky: Dogecoin’s run over the past week will be one for the history books. However, for all the fireworks social media data is indicating that the meme’s run may have met its end. 

The digital currency, which originally launched in 2013 and has been at the center of a number of absurd headlines and scams over the years, notched another chapter in its often puzzling history over the past few days. On Friday, DOGE managed to eclipse Ethereum in total exchange volume (doubling, in fact), the capstone to a remarkable run that saw it double in price in a day, capping over 5000% gains on the year.

However, at its core DOGE is a meme, and memes are propagated by and fundamentally rely on social media. When the meme can’t spread, the price will crash.

At the time of publication, DOGE is down 35% on the day to $.26, retreating from $.40 highs — and social media sentiment data provided by The TIE and Cointelegraph Markets Pro indicates that there’s more pain on the horizon.

Volume verses sentiment 

On Friday, Google Trends posted a Tweet highlighting the worldwide search habits of Bitcoin and DOGE traders. They found that while most of the world remained focused on BTC, American traders only had eyes for Dogecoin. 

This heatmap concurs with data provided by The TIE. Total Tweet volume referencing DOGE ebbs as the US sleeps and perks up during American daytime hours, often peaking at noon EST, with volume especially robust while DOGE is rallying: 

However, simple search and Twitter volume doesn’t always point to a price rally. As Google Trends’ infographic pointed out, sentiment on a volume surge can be mixed: many of the top search terms centered on traders trying to augur how much gas the DOGE rally has left in the tank. 

The uncertainty has spread to Twitter as well. While sentiment for the currency was strongest during its run to $.16 on April 14th, the “waves” of sentiment matching volume have been decreasing on the run up — while the total Twitter volume peaked with DOGE’s price at $.40, it has been slumping for days now:

Ultimately, while volume and sentiment are what pushed DOGE to its lofty heights, a rapid price retreat now appear to be pulling Dogecoin back to earth. 

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Nigerian SEC tightens crypto marketing rules

Nigerian SEC tightens crypto marketing rules

Nifty News: Kevin Smith sells horror flick rights as NFT, Megadeth’s ETH, farming MEMEs …

Coin Telegraph
Nifty News: Kevin Smith sells horror flick rights as NFT, Megadeth’s ETH, farming MEMEs ...
Coin Telegraph

MEME NFT farming platform launches the new and improved v2, Megadeth NFT nets $18K, and Kevin Smith tokenizes the rights to “Killroy Was Here”.

Filmmaker Kevin Smith is releasing his latest horror anthology “Killroy Was Here” as a non-fungible token. 

The owner of the NFT will secure the rights to exhibit, distribute, and stream the work, making it a revenue generator outside of just a resale. The filmmaker said on Twitter that: “Back in 1994, I took my first flick to Sundance to sell it. Now in 2021, I’m taking my new flick to CRYPTO to sell it!”

Smith, who will auction off his work on his independent crypto gallery ‘Jay and Silent Bob's Crypto Studio’, stated that crypto provides a new platform upon which to tell a story. On April 14 he tweeted:

“I believe whoever buys it will sell it to a streamer, at the very least. They’re buying an NFT that also grants them ownership of the physical media files for KILLROY WAS HERE — so in an effort to support any type of theatrical distribution,”

Smith is collaborating with media and technology company Semkhor to produce and distribute NFTs. The studio will host what it calls “Regular Drops” which are built around "Smokin' Tokens" commemorating different Jay and Silent Bob movies and the characters that starred in them.

Megadeth NFT nets 8.4 ETH

Big-4 metal band Megadeth has sold its first NFT which went for 8.4 ETH, or approximately $18,000 at the time. The piece, dubbed "Vic Rattlehead: Genesis", features the band’s logo and the iconic mascot revolving in opposite directions for six seconds.

The NFT was sold on the Rarible marketplace where it started out priced at just 0.15 ETH. However, just 20% of the proceeds of the sale went to the band, with Rarible netting the rest.

Megadeth are not the first heavy band to jump on the NFT bandwagon. Slipknot percussionist M. Shawn “Clown” Crahan sold his first NFT earlier this month for 6.3 ETH, or around $14K at the time.

The one-off piece was an image of the original logo from Knotfest’s Electric Theatre that sees insects flying out of his mouth.

MEME farm v2

The long-awaited second iteration of NFT farming platform MEME has finally launched ushering in a number of feature improvements. In an announcement on April 13, the non-fungible token farming platform revealed that v2 had gone live. Version two has been rebuilt from the ground up in order to scale and meet the increasing demand for the platform, it added.

Improvements to the time taken for content to arrive on the platform have been made and there has been an upgrade to the user interface. It added that further layer 2 scaling improvements will be included in future releases in addition to content from renowned digital artist Beeple:

“In the coming weeks, we’ll see Beeple, and future versions of the platform that innovate on our tokenomics and other types of drop mechanics,”

In the eight months since its initial launch, MEME has made some remarkable achievements. These include attracting over 30 artists and creators and 6,700 NFT holders to the platform which has a reported total value locked of $25 million.

NFT news you may have missed

As reported by Cointelegraph, the U.S. Postal Service will soon be stepping into the NFT market in order to help customers purchase postage. In an announcement on April 13, e-postage provider CaseMail stated that the USPS had certified its postage as NFTs, for use by legal professionals and government agencies initially.

Baseball card maker Topps also announced that it would be launching a NFT collection in partnership with Major League Baseball and MLB Players Inc.

On April 13, the New York Stock Exchange also jumped on the bandwagon by minting NFTs celebrating the first trade made in the shares of prominent United State companies.

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Nigerian SEC tightens crypto marketing rules

Nigerian SEC tightens crypto marketing rules

NFT Roundup: A Closer Look at Key Developments Over the Last Week

Bitcoin.com
NFT Roundup: A Closer Look at Key Developments Over the Last Week
art NFT
NFT Roundup: A Closer Look at Key Developments Over the Last WeekAnother exciting week in the NFT universe has unfolded as Kiwie digitizes graffiti in new collectibles, the original meme makes its way to market, and a new integration between Videocoin and Filecoin supports video-based NFTs. The Fat Monster Meets the Mint Latvian-based art collective Kiwie is bringing its iconic Fat Monster character to the blockchain […]
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Nigerian SEC tightens crypto marketing rules

Nigerian SEC tightens crypto marketing rules

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