πŸš€ Who let the dogs out? We already know the answer! πŸ•β€πŸ¦Ί

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    πŸš€ Who let the dogs out? We already know the answer! πŸ•β€πŸ¦Ί

    It's never a dull day in crypto, Geckos!

     

    Ethereum's (ETH) creator seems to have had enough of the memes.

     

    The prices of popular dog tokens such as Dogelon Mars (ELON) and Shiba Inu (SHIB) plummeted by more than 40% as Vitalik initiated a major selloff.

     

    Observers noticed a number of transactions from Butherin's address, including the removal of liquidity from the SHIB pool on Uniswap and multiple consecutive swap transactions soon after.

     

    However, proceeds from the massive sale were given away to various charities such as Give Well, Gitcoin, and the India Covid relief fund.

     

    (Editor's Note: We will be taking a break tomorrow and return next Monday on the 17th. We at CoinGecko would like to wish you a Happy Eid al-Fitr!)

     

    In today's news, Elon makes waves again, big names are backing a new role-playing game and you can now get bitcoin from your pizza!

     

    Read on!

    24h Hot Searches Worldwide πŸ‘€

    • FEG Token                (-29.8%)

    • SafeMoon                 (-12.2%) 

    • Energy Web Token  (+20.2%)

    • Kusama                     (+12.4%)

    • Polygon                     (-3.7%)

    • Dogecoin                  (-18.2%)

    • Solana                       (-5.6%) 


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    75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

    Tesla & Bitcoin

     

    As if the pain of dog token owners weren't enough, Tesla delivered even more damage as the company has discontinued Bitcoin (BTC) payments for its electric cars.

     

    In a statement by Elon Musk, he cited 'environmental concerns' as the main reason behind the company's decision.

     

    BTC's price plunged from around $55,000 to as low as $46,000 but have since rebounded back above the $50,000-dollar mark.

     

    CoinDesk

    Go Big or Go Home

     

    Big Time Studios, a game development startup has announced a new blockchain RPG called Big Time.

     

    The Ethereum-based game allows players to go on epic battles and collect in-game  loot in the form of NFTs.

     

    To date, the ambitious studio has raised over $10 million dollars from reputable investors such as Digital Currency Group and Alameda Research and is looking to collect another $11 million dollars for its investment fund.

     

    Decrypt

    Bitcoin Pizza Day? Not Exactly

     

    Papa John's, known for its pizzas, are now giving away cryptocurrency to its UK customers!

     

    After spending a minimum amount at certain locations, customers can receive 10 euros worth of Bitcoin by claiming them through cryptocurrency exchange Luno.

     

    The pizza chain has quite a storied history within the crypto-verse ever since the first commercial transaction of crypto was conducted with them.

     

    Cointelegraph

    Circulating supply


    Circulating supply can be defined as the supply that is currently in the hands of the general public. In the case of fairly mined proof-of-work systems (eg. Bitcoin), the total supply is approximately equivalent to the circulating supply, as there are no token generation events which puts large amounts of tokens in the hands of a select few. On the contrary, initial coin offering (ICO) which have token generation events typically have a lower circulating supply vs. the total supply, such that: Circulating supply = Total Supply - Team tokens - Foundation tokens - Locked tokens

     

    Learn about other Crypto terms here

    NFT of the Day πŸ–ΌοΈ


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    Gallery: SuperRare

     

    3D illustration by aeforia, created in 2018.


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