Bitcoinist | Feb 10, 2021 | 10:49

FreeBitco.in, one of the oldest and longest-running Bitcoin gaming sites, respected by the BitcoinTalk and the greater crypto community, has revealed that it is offering exclusive benefits for FUN token holders as part of a new premium program.

Here’s what this exclusive opportunity entails and how it could be an incredible opportunity for users of the platform and investors alike.

Search Google for “free Bitcoin” and among the top results after skipping past Bitcoin Cash faucets posing as the real thing is none other than FreeBitco.in.

FreeBitco.in is a provably fair online Bitcoin game that lets you – as the name implies – win free BTC. The game itself has grown over the years from a daily faucet claim to now include prizes and so much more. The community itself has also exploded.

The massive growth in the online community combined with longevity and dominance in the space has created an opportunity for a cryptocurrency token to be integrated into the core experience and provide a host of user benefits.

And while FreeBitco.in will always offer free BTC, the popular and iconic crypto gaming site is now embracing the cryptocurrency Fun Token as part of a new premium program.

FunFair (FUN) is a token designed to underpin the online gaming ecosystem and is an ideal choice for FreeBitco.in as the seventh-largest online casino in the world, according to SimilarWeb. 

FreeBitco.in and FUN combined bring members of the community a variety of exclusive benefits. The sheer size of the community itself means that FUN will soon be integrated into a $600 million per year iGaming platform and immediately reach over 41 million registered users.

And because FreeBitco.in is leveraging the FUN token, demand for the asset is already rising, making it an unprecedented opportunity for investors to maximize ROI. FUNUSD has already completed a “10x” since the start of 2021 and it is just the beginning.

FunFair is listed on top cryptocurrency exchanges such as Binance, Bitfinex, OKEx, and Uniswap. Free Bitco.in users who buy FUN tokens get up to 1% cashback on certain BTC wagers and games. Holding FUN tokens also lets users earn up to 16 spins on the Wheel of Fortune. Prizes consist of iPhones, a Rolex, or up to $15,000 in free BTC.

FreeBitco.in users are automatically offered up 4.08% interest on BTC balance, but by holding Fun tokens, users can bolster the APR to as high as 5.10%. 

The premium program launches on March 15, 2021. Anyone interested in taking full advantage of all the “ FUN ” should consider FUN tokens before the demand takes over, and like we’ve seen with other cryptocurrencies, a supply shock leaves late investors wishing they bought sooner.

Investors can be sure that FunFair has long-term value, further improved by the ongoing partnership and premium program with FreeBitco.in. The company saw over $600 million wagered in 2020 alone and a 30% year over year increase. At that rate and the current crypto market growth, Free.Bitco.in could soon be one of the largest websites in the entire world, not just in the online casino or bitcoin gaming space.

To learn more, visit the official website.

Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of Bitcoinist. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, Bitcoinist does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.

Yet another fine art institution is jumping on the crypto bandwagon. 

According to the announcement, “For the first time, both HENI Leviathan and the artist Damien Hirst will be accepting Cryptocurrency for payment of editions, payments can be made by either Bitcoin or ether, as well as by credit or debit card.”

The prints are available starting today and will sell through March 3. Each print is priced at $3,000 (or .058 BTC/1.8 ETH, according to price at the time of publication), and each piece will be signed by Hirst.

In the announcement, Hirst — whose work has been displayed in the Museum of Modern Art — spoke of the decision to accept digital currencies as an act of faith in the ecosystem:

HENI Leviathan accepting cryptocurrency payments is also a sign of growing adoption from the institutional art world. The printmaker is among the most widely respected among fine artists and collectors and has featured runs from other artists of historical significance such as Gerhard Richter.

The Hirst paintings in this run are inspired by the Eight Virtues of Bushido: “Justice, Courage, Mercy, Politeness, Honesty, Honour, Loyalty, Control.” Hirst has been chronicling his process in creating them on his Instagram page, and he says that the paintings “are about beauty and life and death” — themes and forces he frequently explores in his work.

“They’re about desire and how we process love and why we need it, but also these prints are about the momentary, the insane transience of beauty — a tree in full crazy blossom against a clear blue sky. How can you argue with that?” Hirst said of the paintings.

Hirst and HENI Leviathan aren't the only art giants dipping their toes into cryptocurrencies. This month, auction house giant Christie’s announced it will be auctioning an NFT from digital artist Beeple, a retrospective collage of his “first 5000 days” of producing one piece of art per day. In the announcement, Christie's also said they would be accepting bids in ETH for the piece.

Danal Fintech, a subsidiary of Danal, one of the largest payment companies in South Korea, today announced that they are joining the ICON blockchain ecosystem, the largest decentralized network in Korea by market capitalization. Danal Fintech will integrate ICON’s cryptocurrency ICX into Paycoin, its global payments and remittance app. This will allow Paycoin’s 750,000+ users to pay in ICX at any of Danal’s 60,000 merchant partners, including 7-Eleven, KFC, and Domino’s Pizza. “With PayPal recently announcing its plans to support cryptocurrencies, we’re starting to see major acceleration in crypto adoption by payment apps and fintech companies in Asia,” said Min Kim, ICON project Founder. “Now with Paycoin, it’s easier than ever for people to buy and spend their ICX at thousands of Danal’s merchant partners.” “Paycoin is one of the first virtual asset apps being used commercially in Korea and ICON is one of the largest blockchain projects in Korea. Through this partnership between the two projects, we expect to bring virtual assets one step closer to our daily life,” said Ted Hwang, CEO of Danal Fintech. “We will continue to expand business scope through various partnerships in the future.” Danal Fintech will also become an ICON Public Representative, or P-Rep, the title given to consensus and governance block validators on the ICON Network. P-Reps like Danal Fintech play key roles in the ICON Network such as block creation and verification, decision making on network policy, and expansion of the overall ICON ecosystem. P-Reps are elected by delegation of stake by the ICON community, and help keep the network stable with technical infrastructure support. Danal Fintech is part of Danal Co. Ltd, one of South Korea’s largest payment companies. Danal provides integrated payment solutions to its partners, from credit and debit cards to mobile billings and more. With more than 20 years in business, Danal accounts for half of the market share in mobile billings, equivalent to $5.5 billion USD annually. Danal Fintech focuses on blockchain-based payment solutions, and launched Paycoin in 2019 as one of the first apps for using virtual currencies in retail payments. Danal’s Paycoin app reduces intermediaries in existing payment processes, lowers transaction fees, and speeds up settlement cycles; all in a safe and convenient payment environment. The app makes it easy for ICX holders to spend their cryptocurrency at both online and offline retailers all over South Korea. Shortly after joining as a P-Rep, Danal Fintech will start the integration of ICX into the Paycoin payment application. At its completion, ICON users will be able to deposit and spend their ICX with the Paycoin app.

Under Patrick's leadership, Cryptology intends to build Europe's leading publicly listed company for blockchain- and crypto-related business models.

SLIEMA, MALTA / ACCESSWIRE / February 18, 2021 / Cryptology Asset Group (ISIN: MT0001770107; Ticker: 4UD), a leading European investment company for blockchain- and crypto-related business models, co-founded by Christian Angermayer and crypto-legend Mike Novogratz, announced that Patrick Lowry has been appointed as the new CEO. An experienced manager with substantial capital markets experience, Patrick will succeed Jefim Gewiet, who will step into the role of COO for the company.

Patrick is an accomplished asset manager with extensive experience managing crypto assets and blockchain-based venture capital investments. He is the founder and CEO of Iconic Holding, an asset management group and portfolio company of Cryptology. Prior to founding Iconic Holding, Patrick was a member of the Deutsche Börse venture capital team, a Senior Associate at Philadelphia-based private equity firm, Graham Partners, and a former auditor at PwC within the Asset Management Assurance Services practice.

"With the eyes of the world now intensely focused on Bitcoin and crypto markets, Patrick as CEO is the perfect addendum to an already strong team. I am convinced Patrick and Jefim will jointly take Cryptology to the next level," said Christian Angermayer, Founder and Advisory Board member of Cryptology. "Patrick's experience managing both a portfolio of crypto venture investments and regulated investment vehicles positions him well to deliver on our shared vision of Cryptology being Europe's leading investment company for blockchain technology and crypto companies."

At Iconic Holding, Patrick launched sub-brands Iconic Lab, a seed-stage crypto venture capital group, and Iconic Funds, a licensed and regulated crypto asset management firm. Patrick will continue working with Iconic Holding, an important strategic component of Cryptology's portfolio.

Patrick received an MBA from the Frankfurt School of Finance and Management in 2017 and a Bachelor's Degree in Finance and Accounting from the University of Delaware in 2011. He is a licensed Certified Public Accountant.

"Cryptology, with one of the world's strongest blockchain- and crypto-related balance sheets, boasting inspired investments in the likes of block.one and Northern Data, is a sleeping giant ready to wake," said Patrick. "I am humbled and excited to be tasked with leading Cryptology to realize its untapped, and unlimited, potential."

Earlier this year, Cryptology shares started trading on several German exchanges including Börse Düsseldorf, Gettex and Tradegate. In order to increase trading liquidity and open up to new shareholder groups, Cryptology is exploring an international listing.

About Cryptology Asset Group p.l.c.

Cryptology is a leading European crypto asset and venture investment company. Founded by Christian Angermayer's family office, Apeiron Investment Group and crypto-legend Mike Novogratz, Cryptology is the largest publicly traded holding company for blockchain- and crypto-based business models in Europe. Noteworthy portfolio companies include crypto-giant and EOS publisher block.one, leading HPC provider Northern Data, commission-free online broker nextmarkets, and crypto asset management group Iconic Holding.

Media Contact:

Cryptology Asset Group p.l.c. Jefim Gewiet (COO) Block A, Apt. 12, Il-Piazzetta', Tower Road, Sliema SLM 1605, Malta Tel.: +356 799 85 85 1 E-mail: [email protected]

SOURCE: Cryptology Asset Group PLC

Thai tax collectors to use blockchain tech to streamline revenues in 2021. Thailand’s tax collection agency will use blockchain technology to make tax payments more effective next year. The Excise Department will use blockchain to boost its revenue collection instead of actually raising taxes as the Thai economy continues to recover gradually.

According to a report by the Bangkok Post, director-general Lavaron Sangsnit underscored that new policies should not affect the domestic economic recovery and that raising taxes could stunt the still fragile situation. The government aims to collect 530 billion baht ($17.5 billion) for the fiscal year 2020, 3.3% less than the 548 billion baht ($18 billion) collected in 2019.

In 2021, the revenue and customs departments will also use blockchain technology in their operations. Sangsnit said that blockchain would help these departments measure tax liabilities, import duties and costs. The three departments would merge blockchain-based data collection into a single database, which is expected to make tax evasion more difficult.

Last year the Excise Department started introducing blockchain technology to calculate tax refunds for oil exporters. The regime would force oil exporters to pay excise taxes and to pay overpaid taxes after the fuel has been delivered. Using a distributed ledger, the claims process for oil exporters is stated to be faster and more transparent.

Oil export revenue makes up a crucial slice of the Thai government’s budget, accounting for around 200 billion baht per year ($6.6 billion), or around two-thirds of all revenues collected annually. Sangsnit said that this new system for oil exporters should be fully operational by the first quarter of 2021.

To scale WBTC’s reliability and support its growing demand, Bitgo to be working with the Chainlink team to streamline the auditability of WBTC reserves.

To boost the transparency and auditability of Wrapped BTC (WBTC), the most liquid and utilized wrapped form of Bitcoin in the market, BitGo has adopted Chainlink’s Proof of Reserve mechanism. Now live on testnet, this Chainlink functionality enables decentralized applications on Ethereum to fully automate the burden of auditing the BTC value custodied by BitGo, in a trustless and censorship resistant manner, removing the need to rely on manual off-chain processes like reading audit reports, according to the announcement on October 2.

The WBTC Proof of Reserve reference contract uses a decentralized Chainlink oracle to check the balances of BitGo’s WBTC custody wallets every ten minutes (the average time between Bitcoin blocks). Whenever a deviation is spotted beyond a certain defined threshold (e.g. 1%), Chainlink oracles will push an on-chain update to the reference contracts with the new balance. In this regard, Chainlink Nodes will constantly monitor the contract off-chain, but only push on-chain transactions when events happen like the minting and burning of WBTC tokens, which result in changes to the reserves.

If the collateralization reported by the Proof of Reserve contract deviates from the minted amount of WBTC, applications can employ customized logic to swiftly and safely protect user funds. For example, a money market protocol can check WBTC collateralization before taking a borrowing/lending action, which either accepts or denies a transaction based on the oracle report. This feature can be especially beneficial for decentralized applications that utilize WBTC as collateral to secure other digital assets. By automating the auditing process and increasing the transparency in WBTC collateralization, user trust increases across the market and DeFi applications have additional options for protection against unexpected events.

Based in Palo Alto, California. BitGo was founded in 2013 by Mike Belshe and Ben Davenport. The company offers a multisignature bitcoin wallet service, where keys are divided among a number of owners to manage risk. Generally, BitGo wallets have three keys: one held by BitGo, and two held by the wallet’s owner. In October 2018, Bitgo raised US$15 million in venture capital funding from Goldman Sachs and Mike Novogratz’s Galaxy Digital.

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The Crypto.com allows you to securely buy, sell, store, send, track, and spend crypto.

If you sign up via this Crypto.com $25 Bonus Referral Link and stake at least 2,500 CRO in a Metal Visa Card for 6 months, you will earn a $25 bonus worth of CRO.

Please note that the current value of 1 CRO token is around $0.08 as of 2/11/2021, so the value of the 2,500 CRO that is needed to be staked in order to qualify for the $25 bonus is equal to about $200 USD.

1. Register with your email address at this Crypto.com $25 Bonus Referral Link to get started.

2. Download the Crypto.com App and sign up with the same email address.

3. Confirm your email address by clicking the link in the email they send.

4. Complete the verification process by submitting your ID in the app.

5. After verification is complete (usually takes up to 10 minutes), your $25 USD worth of CRO bonus will immediately appear in your CRO Wallet.

6. Visit the Rewards page in the app via the Home Screen Gift Icon to see your locked sign-up bonus and click the “Unlock Now” button.

7. To unlock your $25 sign-up bonus, you must stake at least 2,500 CRO in a Crypto.com Metal Visa Card for 6 months (2,500 CRO value = $200 USD as of 2/11/2021).

8. To stake the minimum 2,500 CRO, you can select the Ruby Steel (red) card version, which offers 2% back in CRO Rewards with a 100% Spotify rebate and no monthly fees, no annual fees, and no issuance fees.

9. You can purchase the 2,500 CRO for the stake via credit card (no fees), crypto wallet, or bank transfer.

10. As soon as you stake the 2,500 CRO, your $25 USD bonus worth of CRO will instantly be unlocked and available to sell, trade, or withdraw as you please.

11. At the end of the 6-month stake period, you can unlock your 2,500 CRO that has been staked by tapping the “Unlock” button in your CRO Wallet.

12. You can then withdraw your 2,500 CRO in staked funds, trade for another crypto, or spend it via your Metal Visa Card.

After you sign up for Crypto.com, you can participate in the Crypro.com referral program.

To share the Crypto.com referral, just go to the Home Screen Gift Icon in the app.

When you refer a friend who stakes at least 2,500 CRO for a Metal Visa Card for a minimum of 6 months, you will both earn $25 worth of CRO.

In order to qualify, your friend must sign up via your referral link, confirm their email address, pass verification, and stake at least 2,500 CRO for a MCO Visa Card.

You will receive your $25 USD in CRO in your CRO Wallet instantly once your referrals have completed the staking process.

The $25 bonuses are credited to both parties at the start of the staking period, not at the end of 6 months, so you get your bonus reward right away.

You can share your referral link/code with as many friends as you like and earn an unlimited amount of bonuses.

Learn more about the Crypto.com referral program.

Kiss bassist Gene Simmons is making a large bet on the sixth largest crypto by market cap.

In a new tweet, the famed musician tells his 940,500 followers that he purchased hundreds of thousands of dollars worth of Cardano (ADA).

“I just bought $300,000 of Cardano (ADA). I’m not a financial analyst and I’m not telling you to buy or not to buy. Simply letting you know what I am doing and what I believe in. Why? Because I believe it’s going up… and it’s always up to you to research & decide.

Why did I buy Cardano (ADA)? Well, for one thing, it’s affordable to almost everyone. It’s pennies compared to my other holdings like Bitcoin, which is over $50,000 a single coin. I believe everyone should be able to afford cryptocurrency. And here is one I believe in.”

Simmons says he also believes in the project because it is backed by one of the Ethereum co-founders, Charles Hoskinson.

— Gene Simmons (@genesimmons) February 19, 2021

At the time of Simmons’ tweets, ADA was sitting at around $0.90, but it has since skyrocketed to a new 52-week high of $1.09.

Earlier this month, the rock icon revealed that he owns or plans to own three large-cap crypto assets.

“I’m not recommending any of this to anyone. But yes, I bought and/or will own Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and others.”

As for his BTC holdings, Simmons says he invested millions of dollars in the leading crypto asset.

“Bitcoin I bought seven-figure months ago. It’s been very good to me. Do I believe it’s going even higher than the recent record breaking surges? You bet!”

Featured Image: Shutterstock/Tiziano Cardaci

Bitcoin today smashed through its short-term “bearish ceiling” set after running into resistance earlier this week. With the level now out of the way and cleared, the asset’s larger parabolic move continuing is “imminent,” according to one crypto capital manager.

Here’s what the rest of the parabolic move might look like, once the uptrend regains its previous momentum.

Indecision struck when the next day the impulse didn’t continue, resulting in a doji and a drop on the next day. Newly attained support held, and already Bitcoin has taken out the short-term bearish ceiling set when the uptrend hit resistance recently.

With any sort of resistance now out of the way, one crypto capital manager believes that the longer-term “parabolic” move continuing is “imminent.”

When assets go “parabolic” an increasingly higher base is built until it all comes tumbling down. Ross’s expectations fall in line with the idea that the consolidation phase between $40,000 and $30,000 was yet another base built, and the parabola will soon continue.

In terms of how high things can go, a long-term uptrend channel shows just how far the larger parabolic move has left to climb, along with comparisons to past uptrends to confirm the legitimacy of the expectation.

Wherever the move ends up taking the price per Bitcoin to ultimately, what comes next is yet another bear market and a chance to accumulate more BTC to do it all again.

The crypto investment fund, FD7 Ventures, has sold Bitcoin holdings worth $750 million, to buy $380 million worth of Cardano (ADA). The token is collected from selling its Bitcoin holdings.

Shortly after the firm launched a micro-fund to invest in projects, building out on Cardano (ADA) and Polkadot (DOT), it grabbed everyone’s attention. The investment fund opened the office in the IT hub of India, Bengaluru.

The plans for the projects were revealed last month. FD7 Ventures, which claims sitting on $1 billion in digital assets, plans to unload $750 million worth of Bitcoin to buy only two Altcoins. 

The purchase is a part of the fund’s strategic roadmap to diversify the portfolio in the crypto-space. On one hand, the investment in Bitcoin offers stronger long-term opportunities, it comes with great volatility in the prices as well. Also, Bitcoin has now become a relatively mature asset. This is why investment in alternative coins is capturing investor interest. 

Prakash Chand, FD7 Managing Partner, predicted that “the price of Cardano (ADA) and Polkadot (DOT) could rise to approximately 20X within the next 2-3 years.” According to Chand, the bullish stance on altcoin is based on the belief that adoption of certain altcoins is high and soon the money will flow into them at a much faster rate than Bitcoin.

There is a lot to watch out for Altcoins. Cardano (ADA) has been trading in a robust uptrend for the past few months. This upward trend is allowing users to invest more and create tokens from scratch on top of the Cardano blockchain.

The excitement around these two tokens i.e; Cardano and Polkadot in the crypto-sphere over the last few days is growing continuously. On one side, Cardano is experiencing a robust uptrend, Polkadot’s price is also hitting an all-time-peak since last week. From the latest, Polkadot’s last week network upgrades in early march allow the network to connect with other established blockchains like Ethereum or Bitcoin. 

An attempt to capitalize on the ongoing hype around Dogecoin has backfired for the crypto wallet app Freewallet after it was called out online in a tweet from Elon Musk.

Freewallet, riding on the Elon-Doge rocket of publicity, released a tweet telling people to buy and exchange Dogecoin in its crypto wallet app with a tag of the man himself.

Tagging Elon Musk comes with its own risk, as apparent from the blunt reply:

— Elon Musk (@elonmusk) February 10, 2021

An hour later, Musk decided to expand on his claim by jumping from his role of executioner to an educator:

As expected, Musk’s followers rallied behind him and joined in on the action, leading to an entourage of critical posts being directed towards the crypto app. Full thread here.

Musk’s criticism of crypto wallets and his love for Dogecoin shouldn’t come as a surprise. The price of Dogecoin soared by 60% last week in response to a tweet he made, in which he posted an iconic scene from the Lion King that’d been edited to show him holding up the Shiba Inu dog, the face of Dogecoin, instead of Simba.

The distaste for crypto wallets and trading platforms from Musk is as equally expected. It follows his open criticism of the decision taken by several platforms to cease trading of Gamestop shares after the price of the company soared to nearly $400 a share.

The hype around Dogecoin shows no signs of slowing down, as other celebrity figures, including Snoop Dogg and Gene Simmons, join Musk’s attempt of taking the meme coin to the moon. The value of Dogecoin has jumped by over 572% in the last month.

Who keeps your keys? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Kiss bassist Gene Simmons makes a large bet on Cardano’s ADA. The musician hopped on Twitter and told his followers that he purchased hundreds of thousands of dollars worth of Cardano.

“I just bought $300,000 of Cardano (ADA). I’m not a financial analyst and I’m not telling you to buy or not to buy. Simply letting you know what I am doing and what I believe in. Why? Because I believe it’s going up… and it’s always up to you to research & decide,” Simmons said.

He continued and posted this: “Why did I buy Cardano (ADA)? Well, for one thing, it’s affordable to almost everyone. It’s pennies compared to my other holdings like Bitcoin, which is over $50,000 a single coin. I believe everyone should be able to afford cryptocurrency. And here is one I believe in.”

— Gene Simmons (@genesimmons) February 19, 2021

Simmons says he also believes in the project because it is backed by one of the Ethereum co-founders, Charles Hoskinson.

According to the online publication the Daily Hodl, earlier this month, the rock icon revealed that he owns or plans to own three large-cap crypto assets.

“I’m not recommending any of this to anyone. But yes, I bought and/or will own Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and others.”

As for his BTC holdings, Simmons says he invested millions of dollars in the leading crypto asset.

“Bitcoin I bought seven-figure months ago. It’s been very good to me. Do I believe it’s going even higher than the recent record breaking surges? You bet!” he said.

It’s been just revealed that the former Ethereum Co-Founder, Founder of Cardano and CEO of IOHK, Charles Hoskinson, announced the launch of an enterprise blockchain framework that aims to provide financial services to billions of people living in African countries.

Forbes recently addressed the subject in one of their articles.

Known as “Atala” (named after a butterfly that resides in Florida), IOHK’s framework will serve as a solutions provider for developers, companies and governments looking to implement new products.

An attempt to capitalize on the ongoing hype around Dogecoin has backfired for the crypto wallet app Freewallet after it was called out online in a tweet from Elon Musk.

Freewallet, riding on the Elon-Doge rocket of publicity, released a tweet telling people to buy and exchange Dogecoin in its crypto wallet app with a tag of the man himself.

Tagging Elon Musk comes with its own risk, as apparent from the blunt reply:

— Elon Musk (@elonmusk) February 10, 2021

An hour later, Musk decided to expand on his claim by jumping from his role of executioner to an educator:

As expected, Musk’s followers rallied behind him and joined in on the action, leading to an entourage of critical posts being directed towards the crypto app. Full thread here.

Musk’s criticism of crypto wallets and his love for Dogecoin shouldn’t come as a surprise. The price of d ogecoin soared by 60% last week in response to a tweet he made, in which he posted an iconic scene from the Lion King that’d been edited to show him holding up the Shiba Inu dog, the face of Dogecoin, instead of Simba.

The distaste for crypto wallets and trading platforms from Musk is as equally expected. It follows his open criticism of the decision taken by several platforms to cease trading of Gamestop shares after the price of the company soared to nearly $400 a share.

The hype around Dogecoin shows no signs of slowing down, as other celebrity figures, including Snoop Dogg and Gene Simmons, join Musk’s attempt of taking the meme coin to the moon. The value of Dogecoin has jumped by over 572% in the last month.

Who keeps your keys? Let us know in the comments section below.

Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.