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Dogecoin (DOGE) has seen incredible success in its 11-year history. Since its launch in December 2013, the original memecoin has turned several early investors into multi-millionaires. Many may argue that DOGE is even more popular than Bitcoin (BTC) due to its meme influences. Also Read: EU’s $28B Counter-Tariffs Challenge U.S. as MiCA Reshapes Crypto Banking $550 Worth Of Dogecoin Becomes $1 Million Today Source: Watcher Guru DOGE was at its lowest on May 6, 2015, nearly ten years ago. If you purchased $550 worth of DOGE when it was at its bottom, the investment would have been worth more than $1 million today. Your investment would have grown by 183,398.52% in ten years. Source: Changelly Also Read: Ripple Gains DFSA Approval: Crypto Payments Now Legal in UAE DOGE hit an all-time high of $0.7316 on May 8, 2021. If you sold the $550 worth of coins when the memecoin was at its peak, you would have made $4.15 million. In this scenario, your investment would have grown by 756,170.05%. So...

In what is certainly a monumental development for the asset class, Bank of America CEO Brian Moynihan has said that the banking industry would embrace crypto. Indeed, speaking to CNBC, the executive noted that the industry would only require regulators to permit banks to operate within the growing cryptocurrency market. That appears closer than ever before. With Donald Trump officially inaugurated into office Monday, he brought with him a stark pro-crypto stance. Moreover, his appointment of Mark Uyeda as active chair is poised to redefine the US Securities and Exchange Commission (SEC). Specifically, overhauling its stance on cryptocurrencies. JUST IN: Bank of America CEO says the banking industry will embrace cryptocurrency if regulators allow it. — Watcher.Guru (@WatcherGuru) January 21, 2025 Also Read: Donald Trump to Designate Cryptocurrency as a National Priority Bank of America CEO Says Banks Would Embrace Crypto if Regulators Allow It The start of this week is the start of a n...

Bitbot (BITBOT) is accelerating its presale as attention shifts to its non-custodial Telegram app. Elsewhere, Ethereum layer-2 protocol Mantle (MNT) price could eye $1 after hitting new all-time high. Mantle price is surging amid new focus on layer-2 projects. Meanwhile, BITBOT, the native token of new Telegram trading bot Bitbot, could be the next 100x token as the world’s first non-custodial Telegram app edges towards launch. Bitbot: Top non-custodial trading app Telegram trading bots have seen their total market cap rise to $851 million and 24-hour trading volume hit $48 million. DeskCheck, PaLM AI and Banana Gun are some of the top performing Telegram trading apps in the past 24 hours. Elsewhere, Bitbot (BITBOT), Telegram’s first non-custodial trading bot, has surged into stage 4 of its presale. The project has raised more than $715k and could accelerate in coming weeks as the market enters the next phase of the bull cycle. As Crypto trader...

CertiK co-founder Ronghui Gu told Cointelegraph that it’s “inexcusable” the industry faces continued SIM-swap and multisig failures, as previous incidents already highlighted the issues. As companies continue to fall for hacks and exploits, professionals working in the cybersecurity space chipped in on what can be improved in terms of crypto security for digital asset companies and the broader crypto industry.  Before September, almost $1 billion had already been lost to crypto hacks, exploits and scams in 2023. Yet, more incidents continue to shake the crypto world in the fourth quarter of 2023, such as the Poloniex exploit, with over $100 million in digital asset losses, and the HECO Chain bridge hack, with over $80 million in losses. .@Poloniex is suspected to have been hacked. The Poloniex address '0xA910' transferred all tokens to a new address '0x0A59' in 40 minutes, with a total value of about $60 million. '0x0A59' is currently transferring funds to more...

The country's government plans to accelerate the development of a European blockchain infrastructure during its presidency of the EU Council. Belgium plans to accelerate the development of a European blockchain infrastructure during its presidency of the EU Council in early 2024, according to the goveernm. The proposal aims to facilitate the secure storage of official documents like driving licenses and property titles.  The development of public blockchain for the pan-EU infrastructure is among the four priorities of Belgium’s upcoming presidency, the country's secretary of state for digitization, Mathieu Michel, told the Science|Business media on Nov. 21. The remaining three initiatives will take on the matters of artificial intelligence (AI), online anonymity and the skills, necessary for the digital economy. Related: German parliament member ’staunch opponent’ of digital euro, all in on Bitcoin Michel suggests rebooting the European Blockchain Services Infrastructure (EB...

As hype builds for spot Bitcoin ETFs in the U.S., some are concerned the industry is moving away from the “core promise” of cryptocurrencies. CoinList founder Andy Bromberg believes that spot Bitcoin (BTC) exchange-traded funds (ETFs) are just “watered down crypto ” and a sign the industry is heading in the wrong direction, amid growing hype over potential ETF approvals in the United States. Bromberg — also CEO of payments-focused wallet app Beam — told Cointelegraph: “If a Bitcoin ETF is considered crypto, we’ve failed as an industry.” He said a Bitcoin ETF would “absolutely” be a net positive for crypto adoption but asserted the space’s success comes from helping people self-custody assets and decouple from the traditional finance system — the antithesis of a TradFi ETF. “If crypto adoption happens mostly through ETFs and similar centralized financial instruments, then the core promises of the technology won’t be realized — decentralization and true ownership.” The rise of rollups...

Alex Tapscott says Web3 offers “a set of tools” that can be used to “build new business models, to create new kinds of organizations [and] to transform existing industries.” Web3, blockchain , crypto and mass adoption were major buzzwords in 2021 and 2022, but the public interest in the terms fell to the wayside over the last year as media headlines narrowed their focus to the now defunct FTX exchange and the trial of its founder, Sam Bankman-Fried.  Fast-forward to the present, where media headlines are focused on pending spot Bitcoin exchange-traded fund applications, more than 100% year-to-date price gains for Bitcoin (BTC) and a revival in the nonfungible token (NFT) markets. Perhaps, Web3 is back. On Episode 14 of The Agenda podcast, hosts Ray Salmond and Jonathan DeYoung spoke with Alex Tapscott about his deep views on Web3 and how the tech and ideas backing it will “transform the existing industries.” The blockchain revolution is still happening Revolutions catalyze transforma...

Highlighting XBTO's milestones, Philippe Bekhazi discussed XBTO's journey with a focus on exchange liquidity, blockchain custody solutions, and serving institutional traders during Cointelegraph's AMA. The latest Cointelegraph AMA, live on October 25, 2023, covered the journey of XBTO, a comprehensive platform for digital assets and tailored investment solutions catered to sophisticated non-US investors and institutions.. The special guest invited to talk about XBTO’s journey, impactful partnerships and position in the industry was Philippe Bekhazi, CEO and founder of XBTO. Unlocking the Future of Institutional Crypto Trading & Custody: XBTO AMA https://t.co/qQtVcDsHVK — Cointelegraph (@Cointelegraph) October 25, 2023 “We started in 2015 with the premise that the crypto space would be around for a long time. We wanted to build digital asset products around this premise and make the ecosystem a better place. So our first focus was to improve liquidity on pretty much ev...

New blockchain-based apps like Truflation could be a “healthy development,” given that gauging inflation is more art than science. So much of the world’s economic steam depends on interest rates, which in turn are tied to inflation, i.e., the rate at which producer and consumer prices are rising.  But measuring inflation isn’t easy. It is as much art as it is science. The world’s number one inflation index, arguably, is the United States Bureau of Labor Statistics (BLS) Consumer Price Index (CPI), which has been around for over 100 years. Not all economists and business leaders are happy with the CPI, however. Its methodology sometimes seems antiquated, and it publishes only once a month. It also relies on a workforce of 477 people who canvas supermarkets, department stores, gas stations and hospitals, often simply jotting down retail prices — not exactly 21st century. “Basically, they go to stores — whether it’s electronically or in person — and write down prices,” Nationwide insuran...

“The return comes from hashrate, not from pixie dust, ponzi schemes, or rehypothecation,” a Luxor Technology executive stressed. An upcoming Bitcoin (BTC) hashrate-backed product that could offer 10% to 13% returns shouldn’t be compared to failed products by BlockFi or Celsius as its returns come from proof-of-work, not “ponzi schemes,” claims the product’s creator Bitcoin mining firm Luxor Technology. The legitimacy of Luxor’s hashrate-backed product was highlighted in an Oct. 17 What Bitcoin Did podcast. Host Peter McCormack expressed concern at Luxor's upcoming offering and discussed what a worst-case-scenario for Luxor’s product would look like. Luxor’s Head of Derivatives Matt Williams told Cointelegraph that its hashrate-backed product isn’t a repeat of products from BlockFi or Celsius because it's backed by economic production. “There is actual proof-of-work and demonstrable economic activity happening [here].” Williams said. “The return comes from miners giving up some...

The new all-time highs come despite Bitcoin still being down over 50% against its price peak of $69,000 against the U.S. dollar. The price of Bitcoin (BTC) has notched new all -time highs against some of the world’s most inflationary fiat currencies. Across 30 hours over Oct. 23 to 24, the cost of buying one Bitcoin has reached all time- highs when using the Argentine peso (ARS), Nigerian naira (NGN), Turkish lira (TRY), Laotian kip (LAK) and the Egyptian pound (EGT). #Bitcoin just hit an all-time high in Argentina, Turkey and Nigeria. pic.twitter.com/sKRNUaBMX8 — Miles Deutscher (@milesdeutscher) October 26, 2023 However, it should be noted that the result is due to the ongoing devaluation of the currencies, exacerbated by Bitcoin’s recent 16% price increase. NGN and TRY fell to their lowest points against the U.S. dollar on Oct. 24 and Oct.25, while ARS is only 0.85% off its all-time low (against the U.S. dollar). According to the International Monetary Fund, the Venezu...

MultiversX announced an array of new features on its xPortal super-app with tools to build next-gen metaverse features on the same day of the Google Cloud partnership. Google Cloud has teamed up with blockchain infrastructure firm MultiversX (formerly Elrond) to boost its Web 3 presence. Google Cloud has integrated MultiversX into the platform which will in turn help Web3 projects and users derive valuable insights from powerful data analytics and artificial intelligence tools within the Google Cloud ecosystem. MultiversX claims that the partnership between the two firms has the potential to immediately streamline the execution of large-scale, data-first blockchain projects. This should help developers easily access data about addresses, transacted amounts, smart contract interactions, and increased on-chain analytics, the company said. On the other hand, the Google Cloud involvement in the MultiversX network will enable ecosystem builders to utilize advanced tools and services avail...

The author of the white paper, Robin Linus, based BitVM’s architecture on Ethereum’s optimistic rollups with fraud proofs and recent Merkle tree developments. A Bitcoin developer has proposed a new way to bring more expressive off-chain smart contracts to Bitcoin (BTC) without needing a soft fork. Announced in an Oct.9 white paper titled “BitVM: Compute Anything on Bitcoin” by ZeroSync’s project lead Robin Linus, BitVM enables Turing-complete Bitcoin contracts without altering Bitcoin’s consensus rules. "Any computable function can be verified on Bitcoin"https://t.co/Itf9UHos0C pic.twitter.com/CLQv49Ydsg — яobin linus (@robin_linus) October 9, 2023 A Turing Complete system is one which can theoretically provide an answer to any computational problem. The “logic” of Bitcoin contracts is executed off-chain but is then verified on Bitcoin — similar to Ethereum’s optimistic rollups. BitVM’s architecture is based on fraud proofs and a challenge-response model where a “p...

The crypto fund, named Titan Fund, has already made five investments in different blockchain startups with two going toward Hong Kong-based projects. Hong Kong-based crypto-focused venture capital firm CMCC Global has raised $100 million aimed at supporting Asian blockchain startups.  The crypto fund, called Titan Fund, closed its inaugural funding round on Oct. 4 having seen participation from 30 investors including blockchain company Block.one, Hong Kong tycoon Richard Li’s Pacific Century Group, Winklevoss Capital, Jebsen Capital and Animoca Brands founder Yat Siu, the South China Morning Post reported. Titan Fund will concentrate on investments in three key areas namely blockchain infrastructure, consumer applications like gaming and non-fungible tokens (NFTs), and financial services including exchanges, wallets, and platforms for lending and borrowing. The crypto fund from CMCC Global will be its fourth to offer equity investments to early-stage blockchain start-ups with Hong ...

The kingdom is currently diversifying its economy away from oil and turning to new opportunities, such as gaming and Web3. Saudi Arabia has ramped up its economic diversification efforts driven by its ambitious Vision 2030.  In a bid to diversify its economy away from a dependence on oil, the kingdom has embraced emerging technologies, such as blockchain and artificial intelligence (AI), and tapped into booming markets like gaming. But while the country has yet to leave a significant mark in the global game and AI development, the ripples of its investments in the gaming sector could extend far beyond — at least, that’s what Web3 experts say. “Based on our work and communications that we have, Saudi [Arabia] is very, very interested in Web3,” Animoca Brands co-founder Yat Siu told Cointelegraph. Given the kingdom’s partnerships with entities such as The Sandbox and even Animoca, Siu sees that there’s an effort from Saudi to venture into the new iteration of the internet. The executive...

Africa must erase poverty and help people into the middle class to drive faster blockchain technology adoption. There has been a resounding call for Nigeria, and Africa in general, to incorporate blockchain technology into its mainstream living. However, during a fireside chat involving stakeholders in the Nigerian blockchain community, it was noted that poverty has to be conquered first before blockchain technology can be properly incorporated into African society. At the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN)’s Digital Assets Summit 2023, held in Abuja, the nation’s capital, GT Igwe Chrisent, the CEO of Sumotrust & Truzact, an online savings and investment platform stated that hunger and poverty first need to be eradicated from Africa before a better level of blockchain technology incorporation can be achieved. Sumotrust  & Truzact CEO at the SIBAN Digital Assets Summit 2023. According to a World Bank report titled “A Better Future for All N...