Tesla founder and CEO Elon Musk reaffirmed his support for the Doge ecosystem in a Friday interview on the Full Send Podcast. Musk who has always been vocal about his preference for the meme token rehashed his reasons for this. According to the billionaire, Dogecoin has a far greater transactional capacity than king crypto Bitcoin. DOGE Is a Better Choice in the Long Run Musk highlighted the transaction times of either blockchain to support his argument. Bitcoin processes transactions in…
Tag: Crypto Crash
The Worst of the Crypto Crash is Probably Over: SBF
FTX CEO Sam Bankman-Fried (SBF) predicted on Monday that the worst has likely passed from the crypto industry’s latest financial meltdown. Should things get worse, SBF assured the community he still has “a few billion” dollars to support struggling firms. Speaking with Reuters, the FTX CEO said that there are still companies reaching out to his exchange asking for financial support. However, none save a few small exchanges are facing life or death scenarios. SBF’s firms have already dedicated hundreds…
1 month ago 3.5 k
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N. Korea Feels the Pinch as Value of Stolen Crypto Plunges Amid Weapon Tests
North Korea is experiencing hardship after the crypto crash wiped off millions from its stash of stolen digital assets. Reuters reported on June 29, citing four digital investigators. According to the investigators, the bear market threatens a key funding source for Pyongyang and its weapons programs. Allegedly, North Korea has invested heavily in sophisticated crypto hacking groups over the years. As a result, the country has become a significant threat, successfully orchestrating multiple high-profile attacks on the crypto space. An…
1 month ago 600
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