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On August 29, the Dogecoin (DOGE) price bounced nearly 10% after Rhode Island regulators approved a currency transmitter license for Elon Musk's X (Twitter). A vital on-chain indicator reveals how DOGE traders will likely react to the media attention.
Elon Musk, the billionaire magnate behind X (previously Twitter), has put to rest ongoing rumors about an internal token for the platform. Responding to speculations on the potential "X coin" designed to reward creators, Musk's brief response of "no" has provided clarity on the matter.
BitcoinBTC and cryptocurrencies have been buffeted by surprise headwinds over the last few weeks (with a leak suggesting Elon Musk could be about to cause crypto price chaos).
Dogecoin (DOGE) is wriggling out of its bearish loss with a mild surge of about 1.33%, with its price pegged at $0.06633, per data from CoinMarketCap. The rally in the price of Dogecoin is notably a boost that might suggest it is on track to fuel the bull run for the broader altcoin market.
Dogecoin, like its peers in the market, has made a brief recovery following the sell-off in August. Up 1.5% on Thursday to $0.0663 with $312 million in trading volume coming in and $9.3 billion in market capitalization.
The addition of Bitcoin, Dogecoin, and Ethereum swapping is a significant step for Robinhood and in response to requests from its user base.
Robinhood Markets, the commission-free brokerage, has broadened the capabilities of its crypto wallet by adding support for Bitcoin (BTC), Dogecoin (DOGE), and Ethereum swaps. This move extends Robinhood's reach beyond the Ethereum ecosystem, responding to user demand for more diverse asset coverage across various blockchain networks.
Robinhood's self-custodial crypto wallet now lets users dive deep into the world of decentralized finance via Ethereum swaps.
The official press release states that support for BTC and DOGE is already available for all Robinhood Wallet users, while in-app Ethereum swaps have only started to be implemented.
Dogecoin (CRYPTO: DOGE) co-creator Billy Markus on Wednesday proposed the idea of building a colossal Bitcoin (CRYPTO: BTC) temple if the price of BTC were to reach one million dollars per coin. What Happened: The notion was expressed during a discussion with Michael Saylor, CEO of MicroStrategy, who had shared a CNBC video covering the potential approval of a Bitcoin spot exchange-traded fund (ETF).
Robinhood has expanded the network offerings for its self-custody crypto wallet, now enabling users to directly access the Bitcoin and Dogecoin blockchains. The company first rolled out its Web3 wallet to select users in September 2022, initially only supporting Polygon.
Major cryptocurrencies experienced a decline on Wednesday as the rally subsided, a trend attributed to Grayscale's court triumph against the Securities and Exchange Commission (SEC).
Rolling out today, Robinhood (NASDAQ:HOOD) has kicked off the release of its updated digital wallet. According to the company, the wallet allows for Bitcoin and Dogecoin transfers as well as in-app swaps on the Ethereum network.
Robinhood Markets Inc. (NASDAQ: HOOD) on Monday expanded its crypto wallet capabilities by introducing support for Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE), moving beyond its initial focus on the Ethereum ecosystem. "All users of Robinhood wallet can now send and receive BTC and DOGE," the firm said through an official communication.
The market popped yesterday when a positive court ruling came down, but that bounce has faded.
Bitcoin and altcoins are struggling to hold the gains accrued earlier this week, a potential sign that the price breakout was just a response to Grayscale's victory over the SEC.
Robinhood has added support for the Bitcoin and Dogecoin networks to its self-custody Web3 wallet, enabling users on the two blockchains to custody, send and receive crypto via the wallet app. An announcement the company published on Wednesday noted that Robinhood Wallet now supports six blockchain networks in Bitcoin, Ethereum, Dogecoin, Polygon, Arbitrum and Optimism.
Robinhood has added Bitcoin and Dogecoin support to its web3 wallet, building on its existing Polygon and Ethereum capabilities
Robinhood Wallet on Wednesday, August 30, 2023, announced the addition of some of the most sought after features from its users. The company had in September 2022 launched its non-custodial crypto wallet, with limited features and initially supporting only Polygon.
Robinhood Markets has announced the addition of several highly-requested features to its Robinhood Wallet, including support for Bitcoin and Dogecoin transactions.
Robinhood, the investment platform, has unveiled a significant upgrade for users of its self-custody Web3 wallet. Now, those who utilize Robinhood's wallet can engage with the Bitcoin and Dogecoin networks, facilitating custody as well as sending and receiving cryptocurrencies.
After days of trading in a range, Dogecoin saw a brief break on Aug. 29 in a rise that propelled it to highs of $0.068.
Robinhood's crypto wallet is adding support for Bitcoin and Dogecoin, and it's also enabling Ethereum swaps.
Robinhood Markets is expanding the assets supported by its crypto wallet.
