Dogecoin and other cryptocurrencies have been under severe pressure over the past few weeks
on Australian television panel “The Project,” Dogecoin co-founder Jackson Palmer compared cryptocurrencies to a house of cards.However, he concedes that it’s “too early” to definitely state whether or not the most recent price correction has marked the end of cryptocurrencies.Palmer has opined that decentralized finance is actually the underlying reason behind the cryptocurrency crash.
Since it is “pretty easy” to use electronic banking these days, the Dogecoin co-founder doesn’t see a specific use case for cryptocurrencies despite the fact that their cumulative value came close to $3 trillion last November. The Australian software developer hopes that the ongoing crash is going to be a “wake-up” call for people.Prior to that, the Dogecoin co-founder locked horns with Tesla CEO Elon Musk on social media. DOGE is down a whopping 92% from its record peak that was achieved last May.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix co-founder Marc Randolph, on lessons from the streamer's origin storyAn interview with Netflix co-founder Marc Randolph, about the early days of the company that would kick-start the streaming TV revolution.
Read more »
Woman drowns in pool near Woodforest in east Harris Co., HCSO saysA woman has been pronounced dead after she was found unresponsive in an east Harris County pool.
Read more »
Karbach Brewing Co. holds Father's Day event benefitting US veterans, service membersFather's Day kicked off Sunday and Houston's own Karbach Brewing Co. worked to ensure both dads and veterans were honored.
Read more »
Christmas Ale in July events set from Great Lakes Brewing Co.If you don’t want to wait for the annual launch of Great Lakes Brewing Co.’s Christmas Ale in the fall, there’s good news: The brewery is tapping the ale for Christmas in July.
Read more »
Review: New co-production of 'Songs for a New World' improves on last summer's filmed stagingOceanside Theatre Company and Teatro San Diego have collaborated on the Jason Robert Brown musical
Read more »
Miranda Kerr Talks Co-Parenting With Ex Orlando Bloom & Katy PerryThe Australian model is grateful that her son Flynn has 'four happy parents that get along.'
Read more »