πŸš€ Another day, another doge! πŸ•

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    πŸš€ Another day, another doge! πŸ•

    Happy Friday, Geckos!

     
    Just when we thought Doge was a meme and Dogecoin (DOGE) merely a joke…

     

    The joke is actually on us: real-life adoption of Dogecoin is rising, as crypto merchant service provider Bitpay has rolled out DOGE payments for its merchants and consumers. 

     

    Additionally, major crypto ATM operator Coinflip has made DOGE available for purchase at all of its 1,8000 ATMs. 

     

    We really should've seen this coming when Doge's market cap grew to nearly $10 billion in recent months! 

     

    In today's news, Kings of Leon is releasing its new album as an NFT, Bitcoin takes a dip as the Fed makes up their mind and a crypto criminal pleads guilty. 

     

    Read on!

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    Kings of Leon Rocks With NFTs

     

    Popular rock band Kings of Leon will be the first band to release an album, titled 'When You See Yourself', as a non-fungible token (NFT).

     

    Three types of tokens will be released: the first type will be a special album package, the second will offer holders privilege such as front-row tickets for life, and the third includes audiovisual art'

     

    It is reported that Blockchain startup YellowHeart will be managing the technical side of the album's release, including the development of smart contracts. 

     

    TheBlockCrypto

    Bitcoin Suffers As the Fed Remains Elusive 

     

    The fall in Bitcoin's (BTC) price reverberated through the week after the US Fed's Chair Jerome Powell asserted that he is 'concerned' by tightening financial conditions. 

     

    Precipitated by rising borrowing costs due to rising US government bond yields, this suggests the Fed's hesitance to provide further monetary stimulus in the short term. 

     

    For bitcoin traders who invest in Bitcoin as an inflation hedge, this news may potentially deter further investment, as inflationary pressure could stagnate without further stimulus.

     
    Coindesk

    Crypto Fraudster Pleads Guilty 

     

    Roger Karlsson has pleaded guilty to charges of securities fraud, wire fraud and money laundering in crypto that cost 3,500 victims a collective total of $16 million.

     

    The Swedish fraudster concocted various fictitious schemes which con his victims out of their cryptocurrencies.

     

    His imminent sentencing for fraud and money laundering, carry a maximum penalty of 20 years imprisonment and separate fines of up to $250,000 and $500,000 respectively. 

     
    CoinDesk

    Satoshi

    Owning its name to the name of the Bitcoin creator, Satoshi Nakamoto. A Satoshi is the smallest divisible fungible unit in the bitcoin protocol, meaning the smallest amount of bitcoin one can send is 1 satoshi, or 0.000000001 bitcoin.

     

    Learn about other Crypto terms here

    Here are the top trending coins for this week!

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