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DOGEUSD

Dogecoin / US Dollar

Industry

Digital Currency

Dogecoin (DOGE) is a peer-to-peer, open-source cryptocurrency. It is considered an altcoin and an almost sarcastic meme coin. Launched in December 2013, Dogecoin has the image of a Shiba Inu dog as its logo.

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Elon Musk has pledged to cover the legal expenses of users who face unfair treatment from employers due to their posts or likes on Twitter, now rebranded as 'X'. This announcement has attracted attention from various figures including Donald Trump Jr. and Dogecoin co-founder, Billy Markus. This comes after X Corp filed a lawsuit against the Center for Countering Digital Hate (CCDH), an organization critiquing the platform's handling of hate speech.

Portfolio Pulse from Ananya Gairola

August 07, 2023 | 2:01 am

The past week in the crypto sector saw significant developments including a SEC lawsuit against internet marketer Richard Heart, which led to a decline in major cryptocurrencies. X, formerly known as Twitter, is considering adding Bitcoin and Dogecoin trading. Dogecoin showed signs of a possible bull flag, while Shiba Inu unveiled a security enhancement. Florida Governor Ron DeSantis made a statement about the future of Bitcoin under his potential presidency.

Portfolio Pulse from Benzinga Neuro

August 06, 2023 | 1:19 am

Elon Musk has debunked claims that Twitter, now rebranded as 'X', has plans to launch any crypto tokens. Musk responded to a post by DogeDesigner, addressing the issue of scam tokens like X (X) and TwitterDAO (TWITTER) fraudulently asserting connections to the social media platform. Musk emphasized that neither he nor X had ever initiated a crypto token and they never will.

Portfolio Pulse from Bibhu Pattnaik

August 05, 2023 | 5:41 pm

The major stock indexes experienced a down week, with the Nasdaq, S&P, and Dow falling by roughly 2.9%, 2.3%, and 1.1% respectively. Fitch Ratings lowered the U.S. government's credit rating from AAA to AA+. Despite this, the job market remained robust with the unemployment rate dropping to 3.5%. Tesla, Inc. (TSLA) was suggested to buy Uber Technologies, Inc. (UBER) to capitalize on autonomous ride-hailing. Robinhood Markets, Inc. (HOOD), Uber, and Wayfair Inc. (W) achieved unexpected profitability in Q2. X, formerly Twitter, is exploring the possibility of building a trading hub for cryptocurrencies. Ford Motor Co's (F) Q2 revenue surge overshadowed a $4.5 billion loss in EV. BlackRock Inc (BLK) and MSCI Inc (MSCI) are under scrutiny for allegedly channeling investments into Chinese companies accused of human rights violations. JPMorgan Chase & Co (JPM) CEO Jamie Dimon expressed heightened concern over fiscal spending, quantitative tightening, and the Ukraine crisis.

Portfolio Pulse from Michael Cohen

August 05, 2023 | 1:20 pm

Bitcoin, Ethereum, and Dogecoin traded near flat during Friday's session, following jobs data released by the U.S. Labor Department. The S&P 500 initially rose, reacting positively to the data, before bearish pressure dropped the market ETF. The crypto market remained muted, mostly consolidating sideways. Traders have multiple options to trade the potential volatility, including the ConvexityShares Daily 1.5x SPIKES Futures ETF (NYSE:SPKY) and the ProShares Ultra VIX Short Term Futures ETF (NYSE:UVXY).

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 9:33 pm

Shiba Inu (CRYPTO: SHIB) has outperformed Dogecoin (CRYPTO: DOGE) and Pepe Coin (CRYPTO: PEPE), rising by 3% in the last 24 hours. This follows an announcement by Shiba Inu's lead developer of plans to integrate Self-Sovereign Identity (SSI) into its protocols, enhancing network security and user control over digital identities. Meanwhile, DOGE and PEPE have dropped by 0.98% and 2.01% respectively.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 2:50 pm

Elon Musk's super app, X, formerly known as Twitter, is reportedly considering adding a trading hub for cryptocurrencies and other assets. The company has allegedly sent requests to financial-data providers for proposals on financial content and real-time stock data. However, Musk stated that no work is being done on this to his knowledge. Earlier this year, eToro announced plans to offer trading services to Twitter users through a partnership.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 2:50 pm

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline on Thursday, seemingly unaffected by recent macroeconomic developments. The global crypto market capitalization stands at $1.17 trillion, a 0.81% decrease in the last day. The US stock market also continued its downward trend for a third consecutive day. Analysts suggest that if global bond yields continue to surge, this could spell trouble for large parts of the cryptoverse, which might see altcoins get sold and those funds might flow back into Bitcoin.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 2:46 pm

Shiba Inu (CRYPTO: SHIB) climbed almost 2% higher during Thursday's 24-hour trading session, outperforming Dogecoin (CRYPTO: DOGE), which struggled to trade flat. Shiba Inu was moving higher on lower-than-average volume, suggesting consolidation. The crypto was also forming an inside bar pattern, which usually indicates a period of consolidation followed by a continuation move in the direction of the current trend.

Portfolio Pulse from Melanie Schaffer

August 04, 2023 | 2:11 pm

The price of Litecoin (LTC) dropped to its lowest level in a month, following its third halving event. The cryptocurrency experienced a decline of approximately 6% throughout the day, underperforming both Bitcoin (BTC) and Ethereum (ETH). The Litecoin blockchain provides security to Dogecoin (DOGE), which also saw a 4% drop in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 04, 2023 | 12:35 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.