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Dogecoin Value Grows Following Coinbase Pro Listing

Dogecoin value Coinbase Pro

Rate this post The value of Dogecoin, the world’s sixth-largest cryptocurrency, has increased nearly 15% on Tuesday after Coinbase Pro announced its listing. Dogecoin Value Grows Since It Was Listed on Coinbase Pro Dogecoin, the world’s sixth most valuable cryptocurrency, increased nearly 15% on Tuesday after Coinbase Pro added DOGE support. Dogecoin inbound transfers are now allowed in the exchange’s supported jurisdictions, according to an announcement made yesterday. It will start trading on Thursday, June 3, 2021, at 9 a.m. Pacific Time, subject to liquidity conditions, according to an official announcement. Dogecoin is now trading around $0.37, with a market capitalization of more than $48 billion. DOGE deposits are now available for clients of Coinbase’s Pro platform, the most prominent regulated cryptocurrency exchange in the United States — and the only publicly traded one. Coinbase Pro is a platform designed by Coinbase for professional investors and individuals with advanced day trading skills. Unlike its “vanilla” version, Coinbase Pro’s UI is more technical as seen on other crypto exchanges, and offers a wider range of trading pairings to its customers. Dogecoin Is Finally Supported By Coinbase Trading in Dogecoin will begin in three days if all goes as planned and the predicted minimum liquidity is met. If all goes well and the projected minimum liquidity is met, trading in Dogecoin will commence in three days. Trading will begin at or after 9 a.m. PT on Thursday, June 3, assuming liquidity conditions are met. Traders will be able to exchange their DOGE for BTC and the USDT stablecoin if the prerequisites are met. They’ve also added fiat currency pairs versus the USD, EUR, and GBP. The Puppy Has Grown Up Several institutions throughout the world, including the NBA’s Dallas Mavericks and Latvia’s airBaltic, have begun accepting Dogecoin as a form of payment. DOGE’s price has been incredibly volatile this year, with the world’s 6th largest cryptocurrency reaching a high of $0.72.  

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The value of Dogecoin, the world’s sixth-largest cryptocurrency, has increased nearly 15% on Tuesday after Coinbase Pro announced its listing.

Dogecoin Value Grows Since It Was Listed on Coinbase Pro

Dogecoin, the world’s sixth most valuable cryptocurrency, increased nearly 15% on Tuesday after Coinbase Pro added DOGE support. Dogecoin inbound transfers are now allowed in the exchange’s supported jurisdictions, according to an announcement made yesterday.

It will start trading on Thursday, June 3, 2021, at 9 a.m. Pacific Time, subject to liquidity conditions, according to an official announcement. Dogecoin is now trading around $0.37, with a market capitalization of more than $48 billion.

DOGE deposits are now available for clients of Coinbase’s Pro platform, the most prominent regulated cryptocurrency exchange in the United States — and the only publicly traded one.

Coinbase Pro is a platform designed by Coinbase for professional investors and individuals with advanced day trading skills. Unlike its “vanilla” version, Coinbase Pro’s UI is more technical as seen on other crypto exchanges, and offers a wider range of trading pairings to its customers.

Dogecoin Is Finally Supported By Coinbase

Trading in Dogecoin will begin in three days if all goes as planned and the predicted minimum liquidity is met.

If all goes well and the projected minimum liquidity is met, trading in Dogecoin will commence in three days. Trading will begin at or after 9 a.m. PT on Thursday, June 3, assuming liquidity conditions are met.

Traders will be able to exchange their DOGE for BTC and the USDT stablecoin if the prerequisites are met. They’ve also added fiat currency pairs versus the USD, EUR, and GBP.

The Puppy Has Grown Up

Several institutions throughout the world, including the NBA’s Dallas Mavericks and Latvia’s airBaltic, have begun accepting Dogecoin as a form of payment. DOGE’s price has been incredibly volatile this year, with the world’s 6th largest cryptocurrency reaching a high of $0.72.

READ  61 Million XRP Tokens Transferred by Coinbase and Binance

#Coinbase #Coinbase-Pro #DOGE #Dogecoin #Liquidity #Meme coin

Source: https://www.cryptoknowmics.com/news/dogecoins-value-increasing-since-it-was-listed-on-coinbase-pro/

Blockchain

IDO Bots Responsible for Solana’s 18-Hour Network Outage, Team Explains

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The team behind Solana yesterday gave a detailed report on how its validators from all over the world rescued the network from an outage that lasted nearly 18 hours.

IDO Bots Responsible for Solana’s Downtime

According to the report, the network outage was a result of Grape Protocol’s IDO, which launched on the Raydium exchange in the early hours of September 14th.

While trying to manipulate the rules of the IDO, several traders used bots to generate limitless transactions, causing the Solana blockchain to experience a memory overflow.

Since Solana’s mainnet is still in beta, it lacked prioritization of network-critical messaging, which caused it to start forking and slowed down transaction processing.

What the project thought could be fixed in a few minutes lasted for hours, as the continuous forking caused several validators to crash, and the network subsequently went offline.


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Solana Restarts After Network Upgrade

All steps to resolve the issue, including a proposal by the validator community to restart the network at its initial stage, did not yield any positive results as transaction volume continued to surge.

Upon successfully diagnosing the problem, the community proposed a hard fork, which required at least 80% stakes to come to a consensus before the upgrade can be implemented.

The consensus prompted engineers to write codes from their various locations across the globe to mitigate the issue before the network was fully restored in about 18 hours after the lag started.

Blockchain Better than Amazon Web Services

Commending the efforts of its validator community, Solana noted that the development further buttressed the benefits of blockchain over centralized networks like Amazon Web Services (AWS).

According to Solana, when decentralized blockchain entities experience outages of such magnitude, the “validators are individually responsible for recovering the state and continuing the chain without relying on a trusted third party.”

The consensus of the community helped Solana to bring the network to its right state in less than 24 hours.

However, when similar technical problems occur on AWS, users will have no option but to completely rely on the company to solve the issue, which may most likely take days to weeks.

The benefits of blockchain cannot be overstated. The technology, which powers cryptocurrencies, has been widely adopted across various sectors, including finance, health, and politics, among others.

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Source: https://cryptopotato.com/ido-bots-responsible-for-solanas-18-hour-network-outage-team-explains/

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AMC Entertainment Could Include Dogecoin as a Payment Option

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Following confirmation that AMC would begin accepting Bitcoin, Ethereum, Bitcoin Cash, and Litecoin for online payment, the company’s CEO has asked the Dogecoin community if AMC should add the meme coin among the cryptocurrency options.

Almost 80% Want to Pay for a Movie Ticket With DOGE

Adam Aron, CEO of the world’s largest movie theater chain AMC Entertainment, conducted a poll via Twitter on Tuesday (September 21st, 2021) to check whether the company should accept DOGE payment. The poll, which ends on September 22nd, has garnered a lot of responses, most of them wanting AMC to include the meme crypto.

According to Aron, the Twitter survey came amid calls from members of the Dogecoin online community to add DOGE to the list of crypto options.

“I hear from many on my Twitter feed we should accept Dogecoin too. Do you think AMC should explore accepting Dogecoin?”

Before the latest development, the AMC CEO announced that the movie theater giant will accept Ethereum, Bitcoin Cash, and Litecoin by the end of 2021. This was after Aron previously revealed during an earnings call in August that customers would be able to pay for movie tickets and concessions online with bitcoin, also at the end of the year.

The poll has so far seen 110,000 votes, with 70% responding positively to the idea of DOGE payment, while 8% also agree but say they would not use the meme coin for payment. Meanwhile, 22% of the voters were not in support of the motion.


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Growing Support for Dogecoin Payment

Aron’s survey comes as the cryptocurrency market is experiencing massive price dumps, along with the global financial markets, mostly tied to the Evergrande saga. Bitcoin, which traded at $48k over the weekend, dropped to as low as $40k, with the price of other altcoins also plummeting. However, there has been a slight recovery.

Dogecoin is currently the 10th largest crypto by market capitalization and reached an all-time high (ATH) of over $0.7 back in May. Now, though, it’s down to roughly $0.2.

If AMC Entertainment goes ahead to include the meme token among the list of accepted cryptocurrencies, the movie theater giant would become the latest company to support DOGE payments. Some others who have adopted Dogecoin include American basketball team Dallas Mavericks and Newegg.

Apart from AMC’s Adam Aron, Tesla’s CEO Elon Musk also carried out a similar poll for his followers. Although many of the respondents voted in favor of the electric vehicle manufacturer including DOGE among payment options, the company is yet to make it official.

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Source: https://cryptopotato.com/amc-entertainment-could-include-dogecoin-as-a-payment-option/

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Osprey Funds launches first-ever Polygon fund in the U.S

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The cryptocurrency market is witnessing a huge dump right now, one that was triggered by a sudden meltdown in global financial markets. Even so, many, including quite a few institutional investors, remain confident in the asset class. While the likes of Bitcoin and Ethereum have often stolen the limelight, of late, others have come to the fore. The example of Polygon (MATIC) is a case in point.

Crypto-asset management firm Osprey Funds is in the news today after it introduced its fifth digital asset investment product. According to an official press release,

Osprey Funds, LLC, a premier digital asset management firm, launches its fifth investment product of the year ​​― the Osprey Polygon Trust. It is the first U.S. fund to invest exclusively in MATIC, the native token of the Polygon network.”

The product will offer exposure to MATIC, the native token used on Polygon, an Ethereum Layer-2 blockchain network. According to Osprey CEO Greg King,

“Polygon is a disruptive layer-2 technology that gains from Ethereum’s secure network while mitigating common blockchain pain points, such as high gas fees and slow transactions.”

He added,

“We’re excited to offer investors a new way to tap into the growing Ethereum market via the Osprey Polygon Trust.”

The trust is available to accredited investors with a $10,000 minimum investment. Moreover, Osprey plans to list the fund on the over-the-counter OTCQX exchange “as soon as possible and has also agreed to waive the management fee for all investors until January 2023.”

This development comes just weeks after it launched its Solana Trust. Meanwhile, it also offers products tied to Bitcoin (BTC), Polkadot’s DOT, and Algorand’s ALGO tokens.

Polygon (MATIC) has seen a lot of traction both inside, as well as outside the (crypto) community. For instance, one of the world’s largest consulting firms, Ernst & Young (EY), has now partnered with Polygon to aid its Ethereum scaling.

Moreover, despite the current market being what it is, its on-chain metrics have painted a promising picture.

Its unique addresses (no. of ETH wallets holding MATIC) as well as total wallets held over time, have both seen a parabolic incline over time.

Source: Dune Analytics

The number of unique transactions too has played a positive role behind the coin’s surge since its inception.

It won’t be a surprise to see more firms jumping on this fast-paced bandwagon. For example, Grayscale Investments has also shared its interest in incorporating the said token under its belt.

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Source: https://ambcrypto.com/osprey-funds-launches-first-ever-polygon-fund-in-the-u-s

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