Dogecoin (DOGE) is a cryptocurrency . Users are able to generate DOGE through the process of mining. Dogecoin has a current supply of 132,670,764,299.89409. The last known price of Dogecoin is 0.13370147 USD and is down -0.06 over the last 24 hours. It is currently trading on 452 active market(s) with $850,489,323.07 traded over the last 24 hours. More information can be found at http://dogecoin.com/.

Dogecoin

BNB Smart Chain (BEP20)

<p><strong>Markus and Palmer launched Dogecoin for the first time on Dec. 6, 2013.</strong>&nbsp;It is a cryptocurrency with a friendly brand image that aspires to be a helpful introduction to cryptocurrencies. The name and picture used for the coin are based on the popular meme featuring a&nbsp;<strong>Shiba Inu</strong>&nbsp;dog.&nbsp;<strong>DOGE</strong>&nbsp;was created using the open-source code from&nbsp;<strong>Litecoin</strong>, which itself was a fork of the Bitcoin&nbsp;blockchain and advertised from the start as a casual, fun cryptocurrency. This helped&nbsp;<strong>Dogecoin</strong>&nbsp;become the main topic of conversation in the industry&nbsp;<strong>into 2014.</strong></p>
<p>Since it&rsquo;s been around for a long time, developers have said that they take the project and their responsibility to users very seriously. As proof, the project would even try out some interesting ideas about how to design a cryptocurrency. Additionally,&nbsp;<strong>Dogecoin</strong>&nbsp;would emphasize the value of community in cryptocurrency systems. As the community successfully raised funds for various charities&nbsp;<strong>in 2014.</strong>&nbsp;The funding generated the following:</p>
<ul>
<li><strong>$30,000</strong>&nbsp;to assist Jamaica&rsquo;s bobsled team in qualifying for the Winter Olympics</li>
<li><strong>$50,000</strong>&nbsp;to fund the building of water wells in Kenya</li>
<li>Sponsorship of NASCAR driver Josh Wise for&nbsp;<strong>$55,000</strong></li>
</ul>
<p><strong>By 2021,</strong>&nbsp;such publicity stunts had elevated&nbsp;<strong>Dogecoin</strong>&nbsp;to relatively close status. It gained traction on Reddit&rsquo;s WallStreetBets discussion boards and on Twitter, where its value skyrocketed in response to famous&nbsp;<a href="https://twitter.com/elonmusk/status/1377567762919292938?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1377567762919292938%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.news18.com%2Fnews%2Fbuzz%2Felon-musk-wants-to-put-a-literal-dogecoin-on-the-moon-humans-may-have-to-wait-3598181.html" target="_blank" rel="noopener">Elon Musk tweets&nbsp;</a>such as &ldquo;to the moon,&rdquo; &ldquo;favorite cryptocurrency,&rdquo; and &ldquo;people&rsquo;s crypto.&rdquo; The price rocketed following Musk&rsquo;s tweet,&nbsp;<strong>rising roughly 30%&nbsp;within minutes of Musk&rsquo;s pronouncement.</strong>&nbsp;It&rsquo;s unclear whether Musk was serious about sending&nbsp;<strong>DOGE</strong>&nbsp;to the moon, but considering the company&rsquo;s lunar exploration goals, it&rsquo;s possible. The volatile has increased more than&nbsp;<strong>4,000 percent</strong>&nbsp;during 2021 alone, due to the influence of a massive online community that includes&nbsp;<strong>Elon Musk, Mark Cuban, and Snoop Dogg.</strong></p>
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All about

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     <h2 id="what-is-dogecoin">
      What Is Dogecoin?
     </h2>
     <p>
      Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was
      <a href="#">
       created by
      </a>
      Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
     </p>
     <h3 id="how-do-you-mine-dogecoin">
      How Do You Mine Dogecoin?
     </h3>
     <p>
      Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined.
You can mine Dogecoin either solo, or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged.
     </p>
     <h3 id="what-can-dogecoin-be-used-for">
      What Can Dogecoin Be Used For?
     </h3>
     <p>
      Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses the digital currency, or you can get your Dogecoin from a Dogecoin faucet. A Dogecoin faucet is a website that will give you a small amount of Dogecoin for free as an introduction to the currency, so that you can begin interacting in Dogecoin communities.
     </p>
     <h3 id="how-can-you-buy-dogecoin">
      How Can You Buy Dogecoin?
     </h3>
     <p>
      You can sell or
      <a href="#">
       buy Dogecoin
      </a>
      at any exchange that offers the digital currency, store it on an exchange or in a Dogecoin wallet, and tip Dogecoin in any communities that accept Dogecoin.  For the latest list of exchanges and trading pairs for this cryptocurrency, click on our
      <a href="#">
       market pairs tab
      </a>
      .
     </p>
     <h3 id="elon-musk-and-dogecoin">
      Elon Musk and Dogecoin
     </h3>
     <p>
      The success of Dogecoin is closely intertwined with Elon Musk's passion for it. Musk began tweeting about Dogecoin in early 2021, sharing a
      <a href="#">
       Lion King DOGE meme
      </a>
      . That kickstarted a furious DOGE rally —
      <a href="#">
       with temporary dips
      </a>
      — that culminated in
      <a href="#">
       Musk's appearance on Saturday Night Live
      </a>
      .
     </p>
     <p>
      After the SNL appearance,
      <a href="#">
       DOGE crashed
      </a>
      despite
      <a href="#">
       Musk's promises to moon its price
      </a>
      . In the following months, Musk seemed to lose interest, and the price of DOGE has tumbled over 70% from its all-time high. However, Musk still yields power over Dogecoin, as
      <a href="#">
       occasional tweets
      </a>
      indicate.
     </p>
     <h2 id="dogecoin-foundation-and-board-of-advisors">
      Dogecoin Foundation and Board of Advisors
     </h2>
     <p>
      In 2014, a not-for-profit foundation was formed by members of the Dogecoin team to provide support, advocacy, trademark protection and governance for the cryptocurrency project. However, the foundation was dissolved over time.
     </p>
     <p>
      After several years of being inactive, the foundation was relaunched in 2021 with a “renewed focus on supporting the Dogecoin Ecosystem, community and promoting the future of the Dogecoin Blockchain.” In addition to some of the original core team, the project now has some seasoned industry players as part of its board of advisors.
     </p>
     <p>
      According to
      <a href="#" rel="noopener nofollow" target="_blank">
       the foundation’s website
      </a>
      , members of the board will meet monthly to discuss issues relating to Dogecoin.
     </p>
     <p>
      In regards to its advisors, the group is made up of Dogecoin founder Billy Markus, the project’s core developer Max Keller, Ethereum founder Vitalik Buterin and Elon Musk as represented by the head of the Musk’s family office, Jared Birchall.
     </p>
     <p>
      Members of the Board of Advisors will function in various capacities. While Keller will serve as the project’s technical advisor, Markus will be in charge of the community and memes. Meanwhile, Buterin will function as the blockchain and crypto advisor for the foundation, and Birchall will represent Elon Musk as legal and financial advisor.
     </p>
     <p>
      As a first assignment, the Board of Advisors will be working to secure three-year funding that would allow it to employ a small, dedicated staff to work on Dogecoin full-time. Up until now, the work on the ecosystem has been done by volunteers.
     </p>
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    Our most recent articles about
    
    Dogecoin
    
    :
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    <li>
     <a href="#">
      Technical Analysis: Floki Inu (FLOKI), Dogecoin (DOGE) and Baby Doge Coin (BABYDOGE) - Which One Will Outperform The Others?
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    <li>
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      Crypto News, March 3: 'The Greatest Rug Pull Ever'
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      Ukraine Accepts DOGE as Justin Sun Criticizes Airdrop
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     <a href="#">
      Blow for Dogecoin as Top Developer Leaves
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      Podcast: Markets Panic, Diem Dead, Grimacecoin Mania
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description

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<h1 id="backers" class="has-luminous-vivid-orange-color has-text-color">Backers</h1>
<p><a href="https://foundation.dogecoin.com/" target="_blank" rel="noopener"><strong>The Foundation</strong></a>&nbsp;is a non-profit organization that is registered in the state of Colorado in the United States. It was set up to help the community with its charitable efforts</p>
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<figure class="wp-block-image size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/01/foundation-1.jpg"><img class="wp-image-60009" title="What is Dogecoin (DOGE)? The best meme coin backed by Elon Musk, top-tier&nbsp;digital assets in 2021 6" src="https://news.coincu.com/wp-content/uploads/2022/01/foundation-1-1024x734.jpg" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/01/foundation-1-1024x734.jpg 1024w, https://news.coincu.com/wp-content/uploads/2022/01/foundation-1-300x215.jpg 300w, https://news.coincu.com/wp-content/uploads/2022/01/foundation-1-768x550.jpg 768w, https://news.coincu.com/wp-content/uploads/2022/01/foundation-1-120x86.jpg 120w, https://news.coincu.com/wp-content/uploads/2022/01/foundation-1-350x250.jpg 350w, https://news.coincu.com/wp-content/uploads/2022/01/foundation-1-750x537.jpg 750w, https://news.coincu.com/wp-content/uploads/2022/01/foundation-1.jpg 1100w" alt="dogecoin" width="1024" height="734" loading="lazy" data-id="60009" data-pin-no-hover="true" /></a>
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<figure class="wp-block-image size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/01/advisor-1.jpg"><img class="wp-image-60008" title="What is Dogecoin (DOGE)? The best meme coin backed by Elon Musk, top-tier&nbsp;digital assets in 2021 7" src="https://news.coincu.com/wp-content/uploads/2022/01/advisor-1-1024x584.jpg" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/01/advisor-1-1024x584.jpg 1024w, https://news.coincu.com/wp-content/uploads/2022/01/advisor-1-300x171.jpg 300w, https://news.coincu.com/wp-content/uploads/2022/01/advisor-1-768x438.jpg 768w, https://news.coincu.com/wp-content/uploads/2022/01/advisor-1-750x428.jpg 750w, https://news.coincu.com/wp-content/uploads/2022/01/advisor-1.jpg 1047w" alt="dogecoin" width="1024" height="584" loading="lazy" data-id="60008" data-pin-no-hover="true" /></a>
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Community And Backers

<p><strong>Dogecoin</strong>&nbsp;is a digital asset that may be purchased, traded, transferred, and used to make purchases (although very few merchants accept it or any other cryptocurrencies). It uses blockchain technology to keep track of all transactions in a decentralized digital ledger.</p>
<p>Just like&nbsp;<strong><a href="https://news.coincu.com/58225-what-is-bitcoin/">Bitcoin</a></strong>&nbsp;and many other cryptocurrencies,&nbsp;<strong>Dogecoin</strong>&nbsp;validates transactions using the&nbsp;<strong>proof-of-work</strong>&nbsp;method and a process called mining. Miners use powerful computers to solve mathematical equations that verify and record transactions on&nbsp;<strong>Dogecoin&rsquo;s</strong>&nbsp;blockchain. Miners are rewarded in&nbsp;<strong>DOGE</strong>&nbsp;for confirming&nbsp;<strong>Dogecoin</strong>&nbsp;transactions. In 2014, its mining process was made to work with&nbsp;<strong>Litecoin&rsquo;s,</strong>&nbsp;too. This meant that anyone who was mining Litecoin could also mine&nbsp;<strong>DOGE</strong>&nbsp;without having to do extra work</p>
<p><strong>DOGE&rsquo;s</strong>&nbsp;first block rewards were designed to be random and range from&nbsp;<strong>0 to 1 million DOGE.</strong>&nbsp;This continued until it reached a supply of&nbsp;<strong>100 billion,</strong>&nbsp;which was February 2018. Since then, each mined block gives&nbsp;<strong>10,000 DOGE</strong></p>
<p>To&nbsp;<strong>Dogecoin&rsquo;s</strong>&nbsp;credit, it is significantly more efficient than&nbsp;<strong>Bitcoin</strong>. Its mining is faster than&nbsp;<strong>Bitcoin</strong>&nbsp;mining and consumes far less energy, hence it has a minimal environmental effect compared to&nbsp;<strong>Bitcoin</strong>&nbsp;mining.&nbsp;<strong>Dogecoin</strong>&nbsp;transactions are also substantially faster and fewer fees&nbsp;than&nbsp;<strong>Bitcoin</strong>&nbsp;transactions. There are currently other major cryptocurrencies that outperform&nbsp;<strong>DOGE</strong>&nbsp;in terms of transaction fees and processing times</p>
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<figure class="wp-block-image size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/01/moon.jpg"><img class="wp-image-60023" title="What is Dogecoin (DOGE)? The best meme coin backed by Elon Musk, top-tier&nbsp;digital assets in 2021 4" src="https://news.coincu.com/wp-content/uploads/2022/01/moon.jpg" sizes="(max-width: 596px) 100vw, 596px" srcset="https://news.coincu.com/wp-content/uploads/2022/01/moon.jpg 596w, https://news.coincu.com/wp-content/uploads/2022/01/moon-300x300.jpg 300w, https://news.coincu.com/wp-content/uploads/2022/01/moon-150x150.jpg 150w, https://news.coincu.com/wp-content/uploads/2022/01/moon-120x120.jpg 120w, https://news.coincu.com/wp-content/uploads/2022/01/moon-75x75.jpg 75w, https://news.coincu.com/wp-content/uploads/2022/01/moon-350x350.jpg 350w" alt="dogecoin" width="596" height="597" loading="lazy" data-id="60023" data-pin-no-hover="true" /></a>
<figcaption>What is Dogecoin (DOGE)? The best meme coin backed by Elon Musk, top-tier&nbsp;digital assets in 2021 11</figcaption>
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<h2 id="where-did-dogecoin-come-from"><span id="Where_did_Dogecoin_come_from" class="ez-toc-section"></span><strong>Where did Dogecoin come from?</strong></h2>
<p><strong>DOGE,&nbsp;</strong>like other cryptocurrencies, is &ldquo;mined&rdquo; by the decentralized network of computers that manages the cryptocurrency&rsquo;s operation. Networked computers execute complicated mathematical computations, which in turn release coins or fractions of coins as a reward for completing transactions on the network.</p>
<p>As of August 2021,&nbsp;<strong>around 131 billion DOGE</strong>&nbsp;were in circulation, despite the fact that new coins are being minted on an almost hourly basis. In addition, unlike&nbsp;<strong>Bitcoin,&nbsp;</strong>which has a hard limit on the total number of coins that may be issued,&nbsp;<strong>Dogecoin has no limit on the number of coins that can be mined.</strong>&nbsp;The yearly issuance of new coins, on the other hand, is restricted to&nbsp;<strong>5 billion,</strong>&nbsp;and this supply can continue indefinitely.</p>
<h1 id="the-value-of-dogecoin" class="has-luminous-vivid-orange-color has-text-color"><span id="The_value_of_Dogecoin" class="ez-toc-section"></span>The value of Dogecoin</h1>
<p><strong>Dogecoin</strong>&nbsp;is a cryptocurrency, and as with all cryptocurrencies, it is extremely volatile and prone to massive price spikes and falls. Dogecoin, in particular, has had a volatile past and is prone to experiencing rather dramatic price shifts. The key driver of&nbsp;<strong>DOGE&rsquo;s</strong>&nbsp;price has been media attention, particularly considering the cryptocurrency&rsquo;s digital cultural significance. The meme-based coin&rsquo;s value soared in early 2018 when a number of media publications reported that&nbsp;<strong>Doge&nbsp;</strong>had reached a market valuation of more than&nbsp;<strong>$2 billion dollars.</strong></p>
<p>There was a big bubble in 2017 that saw many different types of cryptos soar.&nbsp;<strong>DOGE&nbsp;</strong>was one of them, and it fell with them when the bubble burst in 2018. In May 2021,&nbsp;<strong>DOGE</strong>&nbsp;reached its highest value yet of&nbsp;<strong>$0.7.</strong>&nbsp;This kind of story frequently results in new traders pouring money into a currency, typically&nbsp;because of the FOMO.</p>
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<figure class="wp-block-image size-large"><a href="https://news.coincu.com/wp-content/uploads/2022/01/chart.png"><img class="wp-image-60002" title="What is Dogecoin (DOGE)? The best meme coin backed by Elon Musk, top-tier&nbsp;digital assets in 2021 5" src="https://news.coincu.com/wp-content/uploads/2022/01/chart.png" sizes="(max-width: 891px) 100vw, 891px" srcset="https://news.coincu.com/wp-content/uploads/2022/01/chart.png 891w, https://news.coincu.com/wp-content/uploads/2022/01/chart-300x186.png 300w, https://news.coincu.com/wp-content/uploads/2022/01/chart-768x475.png 768w, https://news.coincu.com/wp-content/uploads/2022/01/chart-750x464.png 750w" alt="dogecoin" width="891" height="551" loading="lazy" data-id="60002" data-pin-no-hover="true" /></a>
<figcaption>What is Dogecoin (DOGE)? The best meme coin backed by Elon Musk, top-tier&nbsp;digital assets in 2021 12</figcaption>
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</figure>
<p>They look like a &ldquo;pump and dump&rdquo; scheme, where people raise the price of an inexpensive asset by drawing attention to it, encouraging investors to buy, and dumping it when the price goes down. Then they leave behind investors who were too slow or not savvy enough. There are also a lot of anonymous people who own&nbsp;<strong>Dogecoin,</strong>&nbsp;so it may not take much to move the price in either direction.</p>
<h1 id="how-to-buy-doge" class="has-luminous-vivid-orange-color has-text-color"><span id="How_to_buy_DOGE" class="ez-toc-section"></span>How to buy DOGE</h1>
<p>You can buy&nbsp;<strong>Dogecoin&nbsp;</strong>by creating an account with a cryptocurrency exchange. Coinbase, Binance, and Kraken are some of the exchanges that allow&nbsp;<strong>Dogecoin&nbsp;</strong>transactions. Additionally, Webull and eToro also enable you to trade the coin.</p>

Technical Data

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     <h2 id="dogecoin-la-gi">
      Dogecoin là gì?
     </h2>
     <p>
      Dogecoin (DOGE) dựa trên hình chế "doge" nổi tiếng trên mạng Internet với hình chú chó Shiba Inu trên logo. Đồng tiền kỹ thuật số nguồn mở này được tạo ra bởi Billy Markus đến từ thành phố Portland, tiểu bang Oregon và Jackson Palmer đến từ thành phố Sydney, Úc. Dogecoin được phân tách từ Litecoin vào tháng 12 năm 2013. Những người tạo ra Dogecoin dự tính đồng tiền này sẽ là đồng tiền mã hóa thú vị, vui nhộn, có sức hấp dẫn hơn cả đồng Bitcoin cốt lõi, vì Dogecoin dựa trên hình chế một chú chó. Giám đốc điều hành Tesla là Elon Musk đã đăng một số dòng tweet trên mạng xã hội rằng Dogecoin là đồng coin yêu thích của ông.
     </p>
     <h3 id="lam-cach-nao--khai-thac-dogecoin">
      Làm cách nào để khai thác Dogecoin?
     </h3>
     <p>
      Dogecoin khác với giao thức bằng chứng công việc của Bitcoin ở một số điểm. Một trong số đó là cách sử dụng công nghệ Scrypt. Đồng altcoin này cũng có thời gian khối là 1 phút và tổng nguồn cung không bị giới hạn. Điều này nghĩa là không có giới hạn về số lượng Dogecoin có thể khai thác.
     </p>
     <p>
      Bạn có thể khai thác Dogecoin một mình hoặc tham gia vào đội khai thác. Người khai thác Doge có thể khai thác đồng tiền kỹ thuật số này trên Windows, Mac hoặc Linux và bằng GPU. Kể từ năm 2014, bạn cũng có thể khai thác Litecoin theo cùng một quy trình giống như khai thác Dogecoin, vì các quy trình đã được hợp nhất.
     </p>
     <h3 id="toi-co-th-s-dng-dogecoin--lam-gi">
      Tôi có thể sử dụng Dogecoin để làm gì?
     </h3>
     <p>
      Dogecoin được sử dụng chủ yếu như hệ thống thưởng trên Reddit và Twitter để thưởng cho việc tạo hoặc chia sẻ các nội dung chất lượng. Bạn có thể được thưởng Dogecoin khi tham gia vào cộng đồng sử dụng tiền kỹ thuật số hoặc bạn có thể nhận Dogecoin từ một nguồn Dogecoin. Nguồn Dogecoin là trang web cung cấp cho bạn một lượng nhỏ Dogecoin miễn phí như một hình thức giới thiệu về đồng tiền để bạn có thể bắt đầu tương tác trong các cộng đồng Dogecoin.
     </p>
     <h3 id="toi-co-th-mua-dogecoin-bng-cach-nao">
      Tôi có thể mua Dogecoin bằng cách nào?
     </h3>
     <p>
      Bạn có thể mua hoặc bán Dogecoin tại bất kỳ sàn giao dịch nào cung cấp tiền kỹ thuật số, lưu trữ đồng tiền này trên sàn giao dịch hoặc trong ví Dogecoin và thưởng Dogecoin tại bất kỳ cộng đồng nào chấp nhận Dogecoin.  Để biết danh sách mới nhất về các sàn giao dịch và các cặp giao dịch sử dụng loại tiền mã hóa này, hãy nhấp vào
      <a href="#">
       tab các cặp giao dịch
      </a>
      của chúng tôi.
     </p>
    </div>
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  </div>
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<h1 id="is-doge-a-good-investment" class="has-luminous-vivid-orange-color has-text-color">Is DOGE a good investment?</h1>
<p>It&rsquo;s very risky to buy cryptocurrencies, like any other investment, because you never know if you will make money. The explanation is personal and depends on upon the level of speculative risk you are willing to accept. At the moment, much of&nbsp;<strong>Dogecoin&rsquo;s</strong>&nbsp;rise appears to be based entirely on speculation and fun. It has undoubtedly offered opportunities for good comedy and profit, but the question now is whether it is sustainable.</p>
<p>When opposed to finite cryptocurrencies such as Bitcoin, it is practically hard to place a fundamental value on&nbsp;<strong>Dogecoin</strong>&nbsp;due to its unlimited and rapidly growing supply. There is a potential that it will continue to increase as long as&nbsp;<strong>Bitcoin</strong>&nbsp;is in a bull market, but taking that chance is a dangerous proposition.</p>
<p>Read Full Article:<a href="https://coincu.com/currencies/doge-dogecoin/stories/">&nbsp;CLICK HERE</a></p>

Verdict

<div class="sc-cnqt8g-0 jivVTJ"><img class="post-preview-image" loading="lazy" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1642482147215.png" srcset="https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x.png 1400w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x-300x175.png 300w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/11/twweet3.1@2x-768x447.png 768w" alt="this week on crypto twitter" style="max-width:100%;overflow:hidden;width:100%"><div>Illustration by Mitchell Preffer for Decrypt</div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">In last week’s Crypto Twitter roundup, we included, “Desperate Housewives”</span> <span style="font-weight:400">star Eva Longoria’s open announcement that she was “</span><a href="https://twitter.com/EvaLongoria/status/1479621718528434178?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1479621718528434178%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fdecrypt.co%2F90038%2Fthis-week-on-crypto-twitter-cryptophunks-vs-bored-apes-bukele-defends-bitcoin-city" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">jumping into the #NFT space</span></a><span style="font-weight:400">.” She had asked her 7 million followers for advice on where to start, and the replies were predictably crammed with folk shilling her their NFT projects.</span></p><div class=" flex justify-center items-center"><div class=""><div id="div-gpt-ad-1634801906339-0-90503" data-google-query-id="COOd4f-6uvUCFWyKZgIdsJgD8A"><div id="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0__container__" style="border: 0pt none;"><iframe id="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0" title="3rd party ad content" name="google_ads_iframe_/22573224304/decrypt_desktop_articles_inline_0" width="300" height="250" scrolling="no" marginwidth="0" marginheight="0" frameborder="0" role="region" aria-label="Advertisement" tabindex="0" sandbox="allow-forms allow-popups allow-popups-to-escape-sandbox allow-same-origin allow-scripts allow-top-navigation-by-user-activation" srcdoc="" style="border: 0px; vertical-align: bottom;" data-google-container-id="1" data-load-complete="true"></iframe></div></div></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">She didn’t dally. On Monday, she changed her profile picture to her first NFT purchase: a World of Women NFT. World of Women is a collection of illustrations by artist Yam Karkai “featuring 10,000 artworks of diverse and powerful women” according to the </span><a href="https://opensea.io/collection/world-of-women-nft" target="_blank" rel="nofollow external noopener" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">description</span></a><span style="font-weight:400">. (Karkai made </span><i><span style="font-weight:400">Decrypt</span></i><span style="font-weight:400">’s list of the </span><a href="https://decrypt.co/88533/15-most-innovative-nft-artists-of-2021" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">most innovative NFT artists</span></a><span style="font-weight:400"> of 2021.)</span></p>
<div class="tweet-embed-container"><blockquote class="twitter-tweet">
<p lang="en" dir="ltr">Did I do this right? <a href="https://twitter.com/worldofwomennft?ref_src=twsrc%5Etfw" data-wpel-link="internal">@worldofwomennft</a> <br>&nbsp;<a href="https://twitter.com/hashtag/NewProfilePic?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="internal">#NewProfilePic</a> <a href="https://t.co/837jlQXWD9" data-wpel-link="internal">pic.twitter.com/837jlQXWD9</a></p>
<p>— Eva Longoria Baston (@EvaLongoria) <a href="https://twitter.com/EvaLongoria/status/1480658113833275392?ref_src=twsrc%5Etfw" data-wpel-link="internal">January 10, 2022</a></p></blockquote><div class="sc-lsn8jd-0 deJkMi"></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">Longoria joins Reese Witherspoon as a World of Women holder. And whether it was thanks to Longoria buying in, or thanks to the collection signing with Guy Oseary for Hollywood reputation (just as </span><a href="https://decrypt.co/83255/bored-ape-yacht-club-nft-film-tv-music-guy-oseary" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Bored Ape Yacht Club has</span></a><span style="font-weight:400">), the </span><a href="https://decrypt.co/90379/world-of-women-ethereum-nfts-surge-bored-apes-hollywood" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">price floor surged this week</span></a><span style="font-weight:400">.</span></p>
<h2 style="margin-top:2em;text-align:left" color="#333" class="sc-1t633a1-2 igUuUh">Andre and Klay go crypto</h2><div class="sc-3e2f5m-0 bQkWom"></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">NBA legend Andre Iguodala announced on Monday that he and Golden State Warriors teammate Klay Thompson are taking part of their salaries in Bitcoin via mobile payment service Cash App.&nbsp;</span></p>
<div class="tweet-embed-container"><blockquote class="twitter-tweet">
<p lang="en" dir="ltr">I’m excited to announce I’m taking part of my salary in BITCOIN w. Cash App! Bitcoin is the future, <a href="https://twitter.com/KlayThompson?ref_src=twsrc%5Etfw" data-wpel-link="internal">@klaythompson</a> and I are both believers. To make bitcoin more accessible, we're giving out $1M in bitcoin back to fans today. Drop your $cashtag w. <a href="https://twitter.com/hashtag/PaidInBitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="internal">#PaidInBitcoin</a> &amp; follow <a href="https://twitter.com/CashApp?ref_src=twsrc%5Etfw" data-wpel-link="internal">@CashApp</a></p>
<p>— andre (@andre) <a href="https://twitter.com/andre/status/1480616697119711234?ref_src=twsrc%5Etfw" data-wpel-link="internal">January 10, 2022</a></p></blockquote><div class="sc-lsn8jd-0 deJkMi"></div></div>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"><span style="font-weight:400">The two NBA stars join a long list of pro athletes who have put part of their salary into Bitcoin, including </span><a href="https://decrypt.co/85023/aaron-rodgers-cash-app-giving-away-1-million-bitcoin" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Aaron Rodgers</span></a><span style="font-weight:400">, </span><a href="https://decrypt.co/86611/odell-beckham-jr-salary-bitcoin-give-away-1m-btc-cash-app" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Odell Beckham Jr.</span></a><span style="font-weight:400">, </span><a href="https://decrypt.co/61593/bitcoin-pushes-russell-okung-up-the-ranks-of-nfl-top-earners" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Russell Okung</span></a><span style="font-weight:400">, and </span><a href="https://decrypt.co/69064/nfl-trevor-lawrence-signs-endorsement-deal-with-blockfolio-ftx" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">Trevor Lawrence</span></a><span style="font-weight:400">. (FTX investor and pitchman Tom Brady has said he’d “</span><a href="https://decrypt.co/81511/tom-brady-open-earn-part-salary-bitcoin-ethereum-solana" target="_blank" class="sc-18vyx5u-0 hhLysY"><span style="font-weight:400">love to request that</span></a><span style="font-weight:400">,” but hasn’t.)</span></p>
<p class="font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body"></p>

This Week on Crypto Twitter: NBA Stars Buy Bitcoin, Vitalik Welcomes Trolls, FWB DAO Ejects a Co-Founder

<div class="content-inner ">
<p><span style="font-weight: 400;">This man Jack Mallers has a way of finding himself in the middle of historic transactions. This time, the Strike CEO used the recently unveiled Twitter Tips Lightning integration to send $10 instantly to San Salvador. The person at the other end of the line then uses the money to buy coffee in a little-known independent coffee shop. We’re witnessing the fusion of one of the biggest social networks in the world with Bitcoin’s open monetary network.</span></p>
<div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 500px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" class="" style="position: static; visibility: visible; width: 500px; height: 943px; display: block; flex-grow: 1;" title="Twitter Tweet" src="https://platform.twitter.com/embed/Tweet.html?creatorScreenName=edprospero23&amp;dnt=true&amp;embedId=twitter-widget-0&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1441089090628177933&amp;lang=en&amp;origin=https%3A%2F%2Fbitcoinist.com%2Fwatch-jack-mallers-send-10-to-el-salvador-via-twitters-lightning-tips%2F&amp;sessionId=c1d699fb9276735e157c1ba4983c9f0c8f731b47&amp;siteScreenName=bitcoinist&amp;theme=light&amp;widgetsVersion=1890d59c%3A1627936082797&amp;width=500px" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen" data-tweet-id="1441089090628177933"></iframe></div>
<p>&nbsp;</p>
<p><span style="font-weight: 400;">In </span><a href="https://jimmymow.medium.com/announcing-the-strike-api-c18a4e9c54de"><span style="font-weight: 400;">the linked blog post</span></a><span style="font-weight: 400;">, Jack Mallers explains the transaction and its significance:</span></p>
<p style="text-align: center;"><em><strong>Related Reading | <a href="https://bitcoinist.com/jack-mallers-outlines-bitcoin-top-issues-how-btc-will-drive-the-future-of-payments/">Jack Mallers Outlines Bitcoin Top Issues, How BTC Will Drive The Future of Payments</a></strong></em></p>
<blockquote>
<p><span style="font-weight: 400;">“In the above demo, I sent a $10 tip from my house in Chicago, USA to my friend David in San Salvador, El Salvador. The payment settled instantly for no fee. The singular, open, monetary network that allowed me to send an instant, free, cross-border payment to David is the same singular, open monetary network that allowed David to immediately use that money to buy a cup of coffee at Starbucks as soon as he got the Twitter notification that I had sent him money.”</span></p>
</blockquote>
<p><img class="size-medium wp-image-160396 aligncenter" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1638938880387.png" alt="BTCUSD price chart 09/25/2021 - TradingView" width="640" height="358" loading="lazy" data-lazyloaded="1" data-src="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png" data-srcset="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png 640w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-980x548.png 980w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-768x430.png 768w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-750x419.png 750w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37.png 1012w" data-sizes="(max-width: 640px) 100vw, 640px" data-pin-no-hover="true"><noscript><img loading="lazy" class="size-medium wp-image-160396 aligncenter" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1638938488196.png" alt="BTCUSD price chart 09/25/2021 - TradingView" width="640" height="358" srcset="https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-640x358.png 640w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-980x548.png 980w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-768x430.png 768w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37-750x419.png 750w, https://bitcoinist.com/wp-content/uploads/2021/09/BTCUSD_2021-09-24_21-08-37.png 1012w" sizes="(max-width: 640px) 100vw, 640px"></noscript></p>
<pre style="text-align: center;">BTC price chart for 09/25/2021 on Exmo | Source: BTC/USD on <a href="https://www.tradingview.com/symbols/BTCUSD/">TradingView.com</a></pre>
<h2><span style="font-weight: 400;">The previous time Jack Mallers found himself in the middle of a historic transaction</span></h2>
<p><span style="font-weight: 400;">When Strike’s CEO </span><a href="https://bitcoinist.com/watch-jack-mallers-send-free-instant-non-reversible-10-to-nigeria/"><span style="font-weight: 400;">sent $10 to Nigeria,</span></a><span style="font-weight: 400;"> he described that other transaction in terms that also apply to today’s historic transaction.&nbsp;</span></p>
<blockquote>
<p><span style="font-weight: 400;">“If you don’t see how huge this is, think about it as Jack Mallers does. He “didn’t have to register the transfer through a financial intermediary such as Western Union, request private banking details of Bernard Parah, or wait days for the payment to settle.” On the other side, Bernard “didn’t owe any intermediary a percentage of the transaction, the payment wasn’t reversible and settled instantly.”</span></p>
</blockquote>
<p><span style="font-weight: 400;">Bernard Parah’s Bitnob and Strike are interoperable because they both joined the Bitcoin and Lightning open monetary network. And now, Twitter and its millions of users joined both of those companies and the network. This is immense.&nbsp;</span></p>
<p><span style="font-weight: 400;">Also, the previous time Jack Mallers proclaimed, “</span><em><span style="font-weight: 400;">Today, Strike became the best remittance option from the US to Nigeria without even trying</span></em><span style="font-weight: 400;">.” This time, he feels even more confident:</span></p>
<blockquote>
<p><span style="font-weight: 400;">“Twitter’s integration with the Strike API turns Twitter into one of the best remittance experiences in the world, one of the greatest global creator marketplaces in the world, one of the greatest global payment experiences in the world, one of the best global micropayment marketplaces in the world, and allows an internet communications company to interoperate with the monetary standard for the world, enabling global payments for their users.”</span></p>
</blockquote>
<p><span style="font-weight: 400;">Boom!</span></p>
<div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 500px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-1" class="" style="position: static; visibility: visible; width: 500px; height: 1160px; display: block; flex-grow: 1;" title="Twitter Tweet" src="https://platform.twitter.com/embed/Tweet.html?creatorScreenName=edprospero23&amp;dnt=true&amp;embedId=twitter-widget-1&amp;features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1441092004759293965&amp;lang=en&amp;origin=https%3A%2F%2Fbitcoinist.com%2Fwatch-jack-mallers-send-10-to-el-salvador-via-twitters-lightning-tips%2F&amp;sessionId=c1d699fb9276735e157c1ba4983c9f0c8f731b47&amp;siteScreenName=bitcoinist&amp;theme=light&amp;widgetsVersion=1890d59c%3A1627936082797&amp;width=500px" frameborder="0" scrolling="no" allowfullscreen="allowfullscreen" data-tweet-id="1441092004759293965">

Watch Jack Mallers Send $10 To El Salvador Via Twitter’s Lightning Tips

<div class="sc-cnqt8g-0 epmiuL"><img class="post-preview-image" loading="lazy" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1636382356475.png" srcset="https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/03/Roberts-on-Crypto-Larger.png 540w, https://cdn.decrypt.co/resize/1400/wp-content/uploads/2021/03/Roberts-on-Crypto-Larger-300x122.png 300w" alt="roberts on crypto header" style="max-width:100%;overflow:hidden;width:100%"><div><span opacity="0.58" color="#333" class="sc-jb7pox-1 GwxAa"></span></div></div>
<p>Jack Dorsey, the <a href="https://decrypt.co/78391/why-does-jack-dorsey-hate-ethereum" target="_blank" class="sc-18vyx5u-0 hiPYeO">Bitcoin maximalist</a> CEO of Twitter, put his money where his mouth is this week. His company rolled out "<a href="https://decrypt.co/81731/twitter-bitcoin-tipping-nft-avatars" target="_blank" class="sc-18vyx5u-0 hiPYeO">Bitcoin tipping</a>" to its 300 million active users, a service that will let anyone send or receive Bitcoin by sharing a wallet address or using an app called <a href="https://decrypt.co/73845/el-salvadors-u-s-bitcoin-partner-lacks-key-licenses" target="_blank" class="sc-18vyx5u-0 hiPYeO">Strike</a>. And to top if off, Twitter also announced a plan to let users connect their Bitcoin wallets to <a href="https://decrypt.co/resources/non-fungible-tokens-nfts-explained-guide-learn-blockchain" target="_blank" class="sc-18vyx5u-0 hiPYeO">NFTs</a> tied to their identity.</p>
<p>Where to begin? For starters, this might be the most mainstream moment in Bitcoin's history. That's because Twitter isn't just a mega social media platform used by political and sports divs, but also a major force in media that helps drive the news of the day. Tying crypto payments to all this could spur tens of millions of people to use Bitcoin for the first time.</p><div class="pa-global-class pa-pl-16409 pa-pl-multiInsert" id="pa-container-1" style="z-index: 50; background: transparent; max-width: 166%; display: block; position: relative; width: 166%; pointer-events: none;"><div class="pa-unit-global pa-pl-16409" id="pa-unit-1" style="z-index: 1; height: 0px; background: transparent; position: relative;"><div class="pa-observer-px" style="height: 0px; width: 100%; background: transparent; position: absolute; left: 0px; top: 0px; pointer-events: none;"></div></div></div>
<p>The Bitcoin integration means Twitter has already done something other tech giants could not: Build a borderless payment system right into its app. You may recall Facebook sought to do that three years ago with a new type of stablecoin called Libra, but regulators <a href="https://decrypt.co/78891/facebook-crypto-wallet-is-ready-market-is-market-ready-novi" target="_blank" class="sc-18vyx5u-0 hiPYeO">all but killed the plan</a>. Twitter is more likely to avoid that fate since it doesn't wield Facebook's monopoly power and because it is relying on an existing global currency—Bitcoin—rather than trying to mint its own money.</p>
<p>Bitcoin tipping also coincides with the launch of a number of other new (non-crypto) Twitter products, including newsletters and a live forum called Spaces, that are designed to let artists and creators connect directly with their audiences. In practice, this means that a comedian in Mexico could perform on Twitter and instantly receive tips from people in Madrid, Buenos Aires and New York. The company has even set up an invoicing system.</p>
<p>The world has been waiting for something like this. For decades, media and culture have been borderless, but payments have not. Sure, we've been able to use credit cards (and crypto) internationally, but there's still no easy one-click tool plugged directly into the apps we use every day. Twitter's Bitcoin tipping feature could change that, and also spur the likes of YouTube, TikTok, and others to follow suit. Meanwhile, adding NFTs as a form of identification, as Twitter has pledged to do, could help <a href="https://decrypt.co/79071/cryptopunks-bored-apes-nft-avatar-trend-is-about-community-building" target="_blank" class="sc-18vyx5u-0 hiPYeO">make crypto communities</a> even more mainstream.</p>
<p>If people use the features.</p>
<span class="" style="display:inline-block"></span>
<p>First, Dorsey has to show he can pull this off. And that's an open question. Twitter delighted cryptoland by launching Bitcoin tipping—you can see how it works <a href="https://twitter.com/Twitter/status/1441085130487975952" target="_blank" class="sc-18vyx5u-0 hiPYeO">here</a>—but that doesn't mean it's going to work as planned. For one thing, the reliance on Strike could mean trouble, since the app and its obnoxious founder <a href="https://decrypt.co/73845/el-salvadors-u-s-bitcoin-partner-lacks-key-licenses" target="_blank" class="sc-18vyx5u-0 hiPYeO">don't appear ready</a> to deal with the regulatory issues that go along with launching a global payment network. Strike was also the partner for the El Salvador government's <a href="https://decrypt.co/80436/el-salvador-forced-through-bitcoin-law-any-means-necessary" target="_blank" class="sc-18vyx5u-0 hiPYeO">bumpy Bitcoin rollout</a>. And speaking of governments, the tax rules surrounding Bitcoin remain a mess, especially in the U.S., and it's possible that those who use Twitter tipping will find themselves with an unpleasant surprise come tax time—something that will certainly chill adoption.</p>
<p>Then there is Dorsey's decision to embrace Bitcoin and Bitcoin alone. This has already ruffled the feathers of Ethereum fans, and led <i>Decrypt</i>'s founder Josh Quittner to wonder if Dorsey excluded Ethereum over fears it would threaten Twitter's centralized platform. Whatever his motives, Dorsey's Bitcoin-only path will create political opposition from DeFi diehards the project could really use on its side.</p>
<p>Then, there are the practical problems with Twitters's plan, especially when it comes to NFTs. The company says it will let users display NFT-based badges that are tied to their wallets, but the Bitcoin blockchain doesn't appear up to this task, and Twitter refuses to explain how exactly this will work. Never a good sign.</p>
<p>The bottom line is that Twitter's Bitcoin initiative is full of promise, but fraught with peril. Hey, let's not judge just yet—the company has just pushed forward with a Bitcoin feat the world has never seen before, and for that it deserves kudos. Have a great weekend.</p>
<p><i>This is&nbsp;</i>Roberts on Crypto<i>, a weekend column from Decrypt Editor-in-Chief&nbsp;<a href="https://decrypt.co/author/daniel-roberts" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Daniel Roberts</a>&nbsp;and Decrypt Executive Editor&nbsp;<a href="https://decrypt.co/author/jeff-john-roberts" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Jeff John Roberts</a>. Sign up for the&nbsp;<a href="https://decrypt.co/modal/emails" target="_blank" rel="noopener" class="sc-18vyx5u-0 hiPYeO">Decrypt Debrief email newsletter</a> to receive it in your inbox in the future. And read last weekend's column:&nbsp;</i><a href="https://decrypt.co/81230/solana-outage-sol-growing-pains" target="_blank" class="sc-18vyx5u-0 hiPYeO">Solana's Growing Pains</a>.</p>

Bitcoin on Twitter: The Promise and the Problems

<div class="sc-ktzkjh-0 hIxHRr"><h4 color="#333" class="sc-1t633a1-4 PUmZU">In brief</h4><ul>
<li>Michael Burry once held around 5% of all GameStop shares.</li>
<li>He sold his position before the meme stock hit all-time highs above $400.</li>
<li>In January, he called for the SEC to regulate what he saw as "unnatural" trading.</li>
</ul><div class="sc-zni0p2-0 ggVtwx"></div></div><p><span style="font-weight:400">One of the biggest players in the GameStop saga is being drawn into an investigation by the U.S. Securities and Exchange Commission.</span></p>
<p><span style="font-weight:400">Michael Burry, head of investment firm Scion Asset Management, tweeted today that the firm has received a subpoena from the SEC. A scanned copy of the letter shows that it relates to GameStop Corp. and was issued on September 21. The tweet has since been deleted.</span></p><div class="pa-global-class pa-pl-16409 pa-pl-multiInsert" id="pa-container-1" style="z-index: 50; background: transparent; max-width: 166%; display: block; position: relative; width: 166%; pointer-events: none;"><div class="pa-unit-global pa-pl-16409" id="pa-unit-1" style="z-index: 1; height: 0px; background: transparent; position: relative;"><div class="pa-observer-px" style="height: 0px; width: 100%; background: transparent; position: absolute; left: 0px; top: 0px; pointer-events: none;"></div></div></div>
<p><span style="font-weight:400">Burry owned more than 5% of GameStop stock last year before </span><a href="https://www.forbes.com/sites/antoinegara/2021/02/16/michael-burry-the-hedge-fund-genius-who-started-gamestops-4000-rise-sold-before-its-reddit-surge/?sh=786678af6359" target="_blank" class="sc-18vyx5u-0 hiPYeO"><span style="font-weight:400">selling 1.7 million shares</span></a><span style="font-weight:400"> in the fourth quarter for between $10 and $20. By January GME shares were trading for over $400; they currently sell for $185 on the New York Stock Exchange.&nbsp;</span></p>
<p><span style="font-weight:400">GME's rise was facilitated by an army of amateur day traders and a handful of anonymous Wall Street veterans, who poured into online forums like WallStreetBets to coordinate stock picks. It was the first meme stock, an asset without intrinsic value which is traded for its cultural cachet. Other companies in decline, among them theater company AMC and 2000s throwback BlackBerry, have also found fresh money this year as meme stocks.</span></p>
<div class="sc-155ftbs-0 sc-155ftbs-1 eAya-DO jpxtSH"><div class="sc-155ftbs-2 ccosHo"><div class="sc-155ftbs-3 jcayOL"><a href="/81076/what-robinhood-gamestop-taught-us-bitcoin-billionaires-author-ben-mezrich" class="sc-18vyx5u-0 vsGFO" style="width: 100%;"></a></div></div></div>
<p><span style="font-weight:400">Meme stocks are close relatives to meme tokens and coins, cryptocurrencies that lack much in the way of utility but can be traded for half-ironic LOLs—and sometimes for big money, if holders can convince others to join in.&nbsp;</span></p>
<p><span style="font-weight:400"><span class="link"><a href="https://decrypt.co/resources/dogecoin-crypto-cryptocurrency-guide-how-to-buy-doge" target="_blank" class="sc-18vyx5u-0 hiPYeO">Dogecoin</a></span>, launched as a joke nearly a decade ago, is the preeminent meme coin with a market cap of $27 billion. The more recent Shiba Inu, which borrows DOGE's dog-based iconography, has a market cap of $3.6 billion. It recently began trading on <span class="link"><a href="https://decrypt.co/46690/coinbase-review-a-great-jumping-on-point-for-bitcoin-beginners" target="_blank" class="sc-18vyx5u-0 hiPYeO">Coinbase</a></span>, which has found itself in competition with mobile trading app Robinhood—where many if not most GameStop and Dogecoin speculators plied their trade early in 2021.</span></p>
<p><span style="font-weight:400">Robinhood's participation in GameStop's rise was contentious. At one point, as GME's price tag was rising, Robinhood restricted users from buying more GME. Users were upset they couldn't buy more, while politicians from progressive Alexandria Ocasio-Cortez to arch-conservative Ted Cruz suggested a hearing was necessary to determine whether the app was picking winners and losers. Others in government worried that GameStop's surge was a sign of market manipulation, as everyday investors were perhaps being duped by more powerful forces behind the scene—just like crypto pump-and-dump schemes on Telegram.</span></p>
<div class="sc-bn4v3i-1 kKVLkh"><div class="sc-1lyao0r-0 bYXVxv"><div class="sc-1stj48q-1 jIqIqg"><div class="sc-1ao5pjp-0 iDmTWe"><div color="#b7a048" class="sc-1joxzke-0 iLgkbE"><img class="sc-1joxzke-1 iqMMhj" src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/post/1636255533965.png" dimension="29"></div><span class="sc-jb7pox-2 hPjvKB sc-1stj48q-3 hVlrdy" color="#333" opacity="1">DOGE</span></div><div class="sc-1lyao0r-0 sc-1stj48q-2 bYXVxv hzlQar"><span class="sc-jb7pox-2 bGpjfZ sc-1mjd3js-0 dDOcjm variation-value" value="7708.33" color="#333" opacity="1"><span>+</span>7708.33%</span><span class="sc-jb7pox-1 gPoHne current-price" color="#333" opacity="1">$0.2107</span></div></div><div class="sc-1stj48q-0 jWoPsV"><div class="sc-ktzkjh-0 sc-1qwrltn-2 hIxHRr irYpKJ"><div class="sc-1ao5pjp-0 sc-1qwrltn-0 iDmTWe cdDhPC"><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">24H</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">7D</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">1M</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 chOUVj" color="#333" opacity="1">1Y</span><span class="sc-jb7pox-1 kHsKFY sc-1qwrltn-1 loxyPn" color="#333" opacity="1">MAX</span></div></div><div class="sc-zni0p2-0 ggVtwx"></div><div height="180" class="sc-dunrjg-0 bPZqaA"><div data-highcharts-chart="0" style="height: 100%; overflow: hidden;"><div id="highcharts-jy1wary-0" dir="ltr" class="highcharts-container " style="position: relative; overflow: hidden; width: 367px; height: 180px; text-align: left; line-height: normal; z-index: 0; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); user-select: none;"><svg version="1.1" class="highcharts-root" style="font-family:&quot;Lucida Grande&quot;, &quot;Lucida Sans Unicode&quot;, Arial, Helvetica, sans-serif;font-size:12px;" xmlns="http://www.w3.org/2000/svg" width="367" height="180" viewBox="0 0 367 180"><desc>Created with Highcharts 8.2.2</desc><defs><clipPath id="highcharts-jy1wary-1-"><rect x="0" y="0" width="312" height="142" fill="none"></rect></clipPath></defs><rect fill="#ffffff" class="highcharts-background" x="0" y="0" width="367" height="180" rx="0" ry="0"></rect><rect fill="none" class="highcharts-plot-background" x="45" y="10" width="312" height="142"></rect><rect fill="none" class="highcharts-plot-border" data-z-index="1" x="45" y="10" width="312" height="142"></rect><g class="highcharts-grid highcharts-xaxis-grid" data-z-index="1"><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 44.5 10 L 44.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 87.5 10 L 87.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 130.5 10 L 130.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 173.5 10 L 173.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 215.5 10 L 215.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 258.5 10 L 258.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 301.5 10 L 301.5 152" opacity="1"></path><path fill="none" data-z-index="1" class="highcharts-grid-line" d="M 344.5 10 L 344.5 152" opacity="1"></path></g><g class="highcharts-grid highcharts-yaxis-grid" data-z-index="1"><path fill="none" stroke="#e6e6e6" stroke-width="1" data-z-index="1

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