Elon Musk, the visionary entrepreneur and founder of SpaceX, took to social media to deny reports suggesting that the rocket company was considering an Initial Public Offering (IPO) for its satellite internet business, Starlink, as early as 2024. Musk dismissed the rumors as “false” in response to a Bloomberg News report shared on the social media platform X.

Background of Starlink’s IPO Rumors

This statement contradicts previous indications from Musk, who had expressed his intention to list Starlink once its revenue growth and cash flow reached a stable and predictable state. Musk has consistently demonstrated a strategic approach to taking companies public, and Starlink appears to be no exception to this pattern.

SpaceX, with an estimated networth of $150 billion, has been a trailblazer in the private space industry. It achieved the historic feat of becoming the first private company to send humans into orbit, leaving competitors like Jeff Bezos’ Blue Origin scrambling to keep pace with innovations such as reusable rockets that significantly reduce launch costs.

The recent denial comes in light of speculation that SpaceX has been restructuring Starlink by moving its assets to a wholly-owned unit, fueling rumors of an impending IPO. However, Musk’s insistence on the inaccuracy of these claims suggests that the company may have different plans for the future of Starlink.

Justus Parmar, founder and CEO of Fortuna Investments, speculated on Musk’s strategy, stating, “I believe he (Musk) will take Starlink out, not next year, but maybe 2025, 2026. He’s waiting for a level of stability or predictability in revenue.” Parmar believes that when the Starlink IPO eventually happens, it will serve as an “extremely strong catalyst for everything space-related.”

The implications of a publicly traded Starlink are far-reaching, with the space industry poised for transformative changes. The injection of capital and increased investor interest could accelerate advancements in space technology, further propelling space exploration and satellite-based services.

Starlink’s Impressive Growth

Starlink has risen to become the world’s largest satellite operator, revolutionizing global internet connectivity. It recently signed a contract to provide free internet in Mexico until the end of 2026, further solidifying its market position.

Additionally, the Starlink satellite network has garnered attention for its ability to deliver high-speed internet anywhere worldwide by deploying satellites in low Earth orbit. With over 2 million subscribers globally and around 5,000 supporting satellites launched, Starlink has become a major player in the satellite internet market.

Moreover, SpaceX’s strategic moves extend beyond its technological achievements. The company has allegedly invested in a massive advertising campaign on X (formerly Twitter). This campaign aims to promote Starlink’s internet services, focusing specifically on the client base in Australia and Spain, showcasing Musk’s commitment to expanding the reach of Starlink on a global scale.

While the exact timeline for Starlink’s IPO, if ever, is unknown, Musk’s denial, combined with Starlink’s recent accomplishments and strategic moves, positions the company as a key player in the future of satellite internet services and the broader space industry.

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Business News, IPO News, Market News, News

• A recent report has disclosed that Dogecoin transactions have been designed to be sent through radio transmission.
• The Radio dodge technology is said to be a reliable and low-cost technology that works with the Starlink internet service.

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Dogecoin has undergone several technical developments as the team seeks to back it up with real-world use cases beyond its investment use. A recent report has disclosed that Dogecoin transactions have been designed to be sent through radio transmission. In a blog post, Doge developers Mitchie Lumin and Timothy Stabbing mentioned that SpaceX’s Starlink satellite network would be used to facilitate Dogecoin transactions without the internet. This explains why the Radiododge Regional Hub was created. This has been confirmed by a Twitter page identified as “DogeDesigner.”

Dogecoin Transactions without internet access?

Yes! It will be possible with the project “Radio Doge” which focuses on using Radio tech. combined with  Starlink satellite network to enable access for people outside the reach of the internet. The 1st transaction took place in April.

It is worth noting that DOGE is not the first crypto to be sent through radio transmission. People have used concepts like “mesh networking, amateur radio equipment, and portable antennas” to get access to Bitcoin transactions without the internet. 

Read more: BREAKING: This Smartphone Feature Allow Billions of People Send Bitcoin Offline Worldwide

Dogecoin transactions routed from the regional hub

The Radio dodge technology is said to be a reliable and low-cost technology that works with the Starlink internet service. According to reports, the offline transaction was “transmitted over HF radio to a regional hub more than 150 miles away in Colorado, USA.” The software behind the transaction is called Project Libdogecoin. It is said to be a ” C-based library of Dogecoin protocols” that operates as a building block for Dogecoin projects. 

According to Michi Lumin, the wider community would be allowed to transact through the radio as they seek to establish a low-cost open-source hardware implementation in the future. For now, the demo has established its potential utility. The Libdogecoin project in addition has plans to create “Dogecoin standard documentation, community proof of stake, layer-2 scaling for point of sale, and these radio-enabled nodes.”

The Dogecoin transactions were routed from the regional hub dodgecoin testnet using the Starlink satellite. This initiative is in line with the key objective of the asset according to the Dogecoin Foundation. The Foundation explains that they seek to make Doge a de factor worldwide currency as a medium of exchange. The Foundation also disclosed that it is currently working on other projects to prepare the ecosystem for grassroots adoption. They believe that the project could take advantage of the 1.7 billion people unbanked worldwide. The effort has been lauded by the Dogecoin community.

First Dogecoin transaction without internet, using Radio Dodge. Dodge will reach people who do not have internet access through Radio Dodge.

Dogecoin is currently trading at $0.07 after falling by 15 percent in the last seven days. The recent developments could likely have a positive impact on its price. However, this may depend on the general market performance.

Govt to unveil non-personal data framework in 10 days: IT Minister

A framework comprising the use of non-personal data will be released by the government within ten days, Minister for Electronics and Information Technology Ashwini Vaishnaw revealed in his remarks at a recent conference. The government is also planning to rope in industry players to create public digital platforms for providing better service to people, he added.

EU-India look to tackle key global trade and technology issues

The European Union and Indian government agreed to set up a ‘Trade and Technology Council’ that is expected to address challenges faced by both partners at the nexus of trade, technology, and security, according to an ET report. The announcement was made following bilateral talks held between PM Modi and European Commission President Ursula von der Leyen on April 25.

RBI consults industry bodies on digital lending guidelines

In order to finalise its proposed guidelines on digital lending, the Reserve Bank of India (RBI) has initiated consultations with the Digital Lenders Association of India (DLAI), the Fintech Association for Consumer Empowerment (FACE), and others, Moneycontrol reported. But these discussions are expected to go on for another few weeks, the report added.

Ministry exploring how to monetise company database

According to Mint, the Ministry of Corporate Affairs is looking at the possibility of selling data pertaining to firms operating in India as part of its revamp of the MAC21 portal. This data is likely to be available in user-friendly formats with more value and accuracy than the data that’s provided by third-party aggregators, the report added.

Amazon, Flipkart attend workshop held by MP Cyber Police

Representatives of e-commerce platforms, payment gateways, and payment wallet companies attended a workshop focused on eliciting quick responses from intermediaries regarding the distribution of fake loans, sale of narcotics and illegal weapons online, and other cyber crimes, as per The Pioneer. The workshop was organised by the cyber crime unit of Madhya Pradesh Police in Bhopal. Myntra, MakeMyTrip,  Alibaba, PhonePe, Paytm,  PayU, CRED, and Zomato were some of the other attendees.

Dogecoin transferred without active internet connection

Around 4.2069 of the cryptocurrency Dogecoin was transferred via low-cost radio technology with the help of Starlink satellites and Dogecoin protocols, BusinessToday said in its report. However, Bitcoin was the first cryptocurrency to be transferred without using the internet.

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Dogecoin DOGE/USD developers will roll out offline DOGE transactions using radio technology combined with SpaceX’s Starlink satellite network.

What Happened: In an April 11 blog post from the Dogecoin Foundation, developers Timothy Stebbing and Michi Lumin outlined how “RadioDoge” could enable DOGE transactions for people without internet access.

“RadioDoge focuses on using cheap and reliable Radio technology (HF/LoRaWAN) combined with the global Starlink satellite network to enable cheaply deployable, wide-scale access to Dogecoin for people outside the reach of the traditional internet infrastructure,” stated the developers.

Michi has a way of understating her work: This weekend at her radio tower (could be a tall tree on a hill, doesn’t need to be a tower she assures me!), the first regional hub connecting LoRa/HF radio ‘shib-stations (libdogecoin)’ to Starlink backhaul. 400+ mile radius. #radioDoge https://t.co/Kvp0AjVnjk pic.twitter.com/jaHivY5DMT

— Timothy Stebbing (@tjstebbing) April 11, 2022

Lumin spent the weekend setting up the RadioDoge “Regional Hub,” which will provide a testing ground for the new technology.

This week, developers expect the first transactions formed on Libdogecoin to be transmitted over 150 miles from HF Radio in Colorado to the Regional Hub.

The Regional Hub will then submit the transactions to the Dogecoin testnet via the Starlink satellite.

“While there is still a long way to go, these are exciting early steps toward realizing the goal of making Dogecoin an unstoppable financial vehicle, one which will empower financial freedom from power structures and provide a means of exchange for future generations,” said Stebbing and Lumin.

At the time of writing, it was not clear whether SpaceX and Tesla Inc TSLA CEO Elon Musk was aware of Starlink satellites’ role in Dogecoin’s new features in development.

See Also: Dogecoin Sees Sudden Spike As Tesla Features Mascot At ‘Cyber Rodeo’ Event

Price Action: According to data from Benzinga Pro, DOGE was trading at $0.014, up 4.20% in the last 24 hours.

The backers of Elon Musk’s favorite cryptocurrency, Dogecoin, announced that it will use Starlink for “offline” transactions. The Dogecoin Foundation published a blog post describing a protocol called RadioDoge, which will use radio frequencies and Starlink to enable Dogecoin transactions even when the user isn’t connected to the Internet.

The Dogecoin Foundation says RadioDoge can help remote communities that lack financial and Internet infrastructure and are often exploited by unscrupulous dealers. A report published by the World Bank indicates that the number of “unbanked” people dropped from 2.5 billion in 2014 to 1.7 billion in 2017. “Unbanked” individuals is even an issue in developed countries like the United States, which as the below video shows, even attracted some attention from U.S. politicians recently.

Unbanked people lack access to the mainstream financial system for a variety of reasons, including financial institutions’ reluctance to make loans to impoverished people or small- or mid-sized businesses in some areas. In some parts of the world, women are 9% less likely to have their own bank account than men are. KYC/AML regulations may also block some people from opening accounts if they lack appropriate identification.

The World Bank estimates that one billion people lack a way to establish their identities – likely adding to the problem of disadvantaged populations lacking access to financial services. People who lack proper identification cannot pass the KYC/AML checks required by financial regulations. Attempts to solve the problem include meeting with leaders in Africa, where it estimates that half of the people who lack proper identification reside.

However, most adults in the developed world – and even a significant percentage of adults in the developing world – have smart phones and could use a digital currency wallet if only they could connect to the Internet. Starlink’s Internet service is already capable of covering most of the world with its thousands of operational satellites.

The difficulty, however, is that many people who lack reliable access to high-speed Internet may not be able to afford the upfront fee for a Starlink kit and the $99 per month subscription fee. SpaceX has worked with some Native American communities, at least one school district, and the governments of Chile and Brazil to bring the Internet to remote or disadvantaged populations. However, it can only go so far, especially in countries where it may not even have a license to operate yet.

The Dogecoin Foundation aims to solve this problem by purely using Starlink’s raw capacity for radio communications. It’s already working on laying the software-related groundwork for projects like RadioDoge with Libdogecoin, which will provide a programming library for future Dogecoin-related projects.

So @KBluezr and I stayed up late last night, and the result is, the first (yeah, testnet, but still) dogecoin transaction created entirely with #libdogecoin – which is aimed at demystifying dogecoin integration for developers, and making integration rapid. https://t.co/kqLBB7JLsj

— Michi Lumin (@michilumin) March 22, 2022

Early tests of the groundwork for RadioDoge proved promising.  They say that, if things go smoothly, they can start working on partnerships to roll out RadioDoge to remote or impoverished communities that have lacked access to the mainstream economy.

Before the end of the year we’re hoping to partner with organisations on the ground willing to roll out a trial of (radio)Dogecoin as a payment mechanism in remote markets with un-banked people wanting to join the global economy. #FinancialFreedom #dogecoin #DoOnlyGoodEveryday

— Timothy Stebbing (@tjstebbing) April 11, 2022

Longtime cryptocurrency supporters say that crypto in its pure form could help impoverished communities by “working around” the mainstream financial industry’s reluctance to invest in them and cumbersome regulations that make it difficult for them to access traditional financial services.

Migrant workers sending money across international borders to their families also face the prospect of high fees and slow transaction times when they use traditional remittance services like Western Union. Attempts to solve this problem includes El Salvador’s attempts to create a system in which El Salvadorean migrants in the United States can send money home more cheaply as part of its (admittedly flawed) rollout of bitcoin as legal tender. Private attempts to use crypto for cheaper remittances include Coco Pago, which created an app that migrants from majority Spanish speaking countries can use to send money home.

The Dogecoin Foundation is pushing to solve the technical issues involved in including the unbanked in the global economy, including creating a way to use radio frequencies to bounce Dogecoin transactions off Starlink satellites.

Dogecoin (DOGE) could soon allow transactions in its blockchain to happen without internet access if an upcoming project called RadioDoge is successful.

In other news, Animoca Brands, the parent company of Sandbox metaverse world, has acquired Eden Games, the company behind the popular Need for Speed: Porsche Unleashed video game. 

Cryptocurrency Prices

The global crypto market cap increased by 2.31 per cent to $1.92 trillion at 8.50 am. However, the global crypto volume was down by 12.94 per cent to $80.88 billion, as per Coinmarketcap data. 

Bitcoin (BTC), the world’s oldest cryptocurrency, was trading at $41,301.76, higher by 3.06 per cent in the last 24 hours. Ethereum (ETH) was also trading higher by 2.03 per cent at $3,120.15.

Folk ask ‘wen moon’ but is a byproduct of success, and our success metric is adoption as a real currency used by regular people to buy and sell goods and services everywhere. But understand this: you’re seeing the unstoppable forces building to make this happen gathering now. https://t.co/gFyE6hzZcG

— Timothy Stebbing (@tjstebbing) April 8, 2022

“The market leaders are trading around yesterday’s support levels. Other cryptocurrencies are majorly in the green as well. Trading is light, and so is the risk appetite of investors. However, immediate resistance is evident, which could result in stalling an upside trend,” says Gaurav Dahake, CEO and founder, Bitbns.

Among other major coins, Cardano (ADA) was up by 1.99 per cent at $0.976, Algorand (ALGO) was trading with a gain of 2.63 per cent at $0.7525, Binance Coin (BNB) was up by 0.52 per cent at $422.28, Solana was also up by 1.08 per cent at $105.79, and Polkadot (DOT) was also trading with a gain of 2.18 per cent at $18.30.

1/ We are pleased to announce that today we acquired @EdenGames, the developer of @NeedforSpeed: @Porsche Unleashed, @gearclubthegame, @F1MobileRacing & more.

Read the full announcement at: https://t.co/iDNrevUn4v pic.twitter.com/d9vD5HVSVx

— Animoca Brands (@animocabrands) April 11, 2022

Today’s top gainer was Swirge (SWG), which was up by 4647.41 per cent at $0.05217. Magic Ethereum Money (MEM), which was down by 94.03 per cent at $0.0000001534, lost the most.

Meme Coin And DeFi Prices

Dogecoin (DOGE) was up by 0.07 per cent at $0.1411. Its volume to market cap ratio stands at 0.04089. Rival Shiba Inu (SHIB) was down by 2.11 per cent at $0.00002651.

Dogelon Mars (ELON) gained 4.38 per cent to trade at $0.0000008369, Floki Inu (FLOKI) gained 2.13 per cent at $0.00003164, and Samoyed Coin (SAMO) was up by 11.27 per cent at $0.02026. 

In the DeFi segment, YFI (yearn.finance) was trading with a gain of 2.51 per cent at $19,484.83. However, Terra (LUNA) was also up by 3.57 per cent to $88.48. Avalanche (AVAX) too gained 5.96 per cent at $81.23, Uniswap (UNI) was up by 2.91 per cent to trade at $9.70 and Aave (AAVE) by 5.85 per cent to trade at $177.71.

Latest Update

The Dogecoin foundation blog says that the RadioDoge project is based on the concept of using High-Frequency Low Power Wide Area (HF/LoR) and Elon Musk’s Starlink Satellite broadband network to provide access to Dogecoin blockchain without internet.

 

Animoca Brands has diversified interests in metaverse, web 3.0, decentralised gaming and others. In this latest acquisition by them, they hope to accelerate the development of their popular decentralised gaming ecosystem REVV Motorsport. Yat Siu, co-founder and executive chairman, Animoca Brands, said, “With its quarter of a century of expertise in building high-quality motorsport video games, Eden Games will enhance and accelerate the development of the REVV Motorsport ecosystem and add powerful value to the REVV community and the racing metaverse,” as per a press release.

Dogecoin developers are working to use the Starlink satellite network, operated by Elon Musk’s SpaceX firm, to conduct $DOGE transactions using offline using radio technology.

According to a blog post from the Dogecoin Foundation, developers Michi Lumin and Timothy Stebbing are working on “RadioDoge,” which would enable DOGE transactions to be processed without the use of an internet connection.

While the team admitted there’s a lot of work to be done before such transactions are viable, it noted RadioDoge would use “cheap and reliable Radio technology  (HF/LoRaWAN) combined with the global Starlink satellite network.” Its goal would be to provide “wide-scale access to Dogecoin for people outside the reach of the traditional internet infrastructure.”

Sure thing Ryan, it’s simply a project that uses radio technology to link simple devices in the field with the dogecoin network via radio + starlink. It would enable people without internet to use dogecoin as a currency for trade in remote areas.

— Timothy Stebbing (@tjstebbing) April 11, 2022

According to Michi Lumin, Principal Engineer at the Dogecoin Foundation, the team has been working on setting up a “Regional Hub” for RadioDoge to provide a testing ground for the new technology.

Both developers expect the first transaction formed on Libdogecoin, a programming library for creating DOGE projects, to be transmitted over 150 miles from Colorado to the Regional Hub. The Hub will then submit the transactions to Dogecoin’s testnet via the Starlink satellite network.

So @KBluezr and I stayed up late last night, and the result is, the first (yeah, testnet, but still) dogecoin transaction created entirely with #libdogecoin – which is aimed at demystifying dogecoin integration for developers, and making integration rapid. https://t.co/kqLBB7JLsj

— Michi Lumin (@michilumin) March 22, 2022

The team believes the new technology could stimulate Dogecoin’s adoption in emerging economies, helping the cryptocurrency become the “defeacto means for exchanging goods and services globally.”

Tesla and SpaceX CEO Elon Musk is notably an avid Dogecoin proponent, who has hinted his space exploration company could start accepting payments in the meme-inspired cryptocurrency. Tesla has started accepting DOGE payments on its website, allowing specific products such as its “cyberwhistle,” its “Giga Texas” belt buckle” and its “cyberquad” four-wheeler for kids to be bought with it. These items are all priced in DOGE, ranging from 12,020 coins for the four-wheeler to 300 DOGE for the cyberwhistle.

On Tesla’s Dogecoin support page, the firm notes that customers who send the wrong amount of DOGE to its address may see their orders get canceled, and adds that if an order is overpaid in the cryptocurrency the “overpayment amount will not be refunded to the original form of payment.”

Notably, Musk and Billy Markus have earlier this year pushed McDonald’s to accept DOGE as a payment method, but the fast-food giant ultimately did not move forward with such an integration.

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

IMAGE CREDIT

Featured image via Unsplash

Two key staff members working for the Dogecoin Foundation penned an article recently about using RadioDoge technology combined with the Starlink satellite network to conduct DOGE transactions without using the Internet.

The team admitted there is still a long way to go, but the groundwork had been laid for future experiments. It included connecting RadioDoge to the Dogecoin testnet through Starlink’s technological support.

Transacting Dogecoin Offline

Timothy Stebbing, Product Lead at the Dogecoin Foundation, and Michi Lumin, Principal Engineer at the Foundation, teamed up to work on a new communication network that would allow users to transact Dogecoin offline. It will only require the support from the Starlink satellite network created and owned by the richest Doge fan in the world, Elon Musk.

According to the article, the key lies in the new technology called RadioDoge, a “cheap and reliable Radio technology (HF/LoRaWAN)” working along with the Starlink satellite network to enable accessibility to people without Internet connectivity.

The other crucial element is the GigaWallet project, a drop-in solution (a new type of Doge wallet) for internet-based transactions through standardized, non-custodial wallet integration with the Dogecoin network.

The two developers considered the first phrase of Libdogecoin, a programming library or building blocks for creating Dogecoin projects, as the groundwork for forming and validating Doge’s addresses and transactions. They revealed that Dogecoin addresses created with the library have successfully received DOGE on the main network.

So @KBluezr and I stayed up late last night, and the result is, the first (yeah, testnet, but still) dogecoin transaction created entirely with #libdogecoin – which is aimed at demystifying dogecoin integration for developers, and making integration rapid. https://t.co/kqLBB7JLsj

— Michi Lumin (@michilumin) March 22, 2022

A Long Way to Go

The main challenge in the progress of enabling GigaWallet to communicate with RadioDoge, as specified by the team, centers on if Libdogecoin can do the heavy-lifting work. The first RadioDoge established last week will function as a testing ground for the new technology.

This week, the team said, should see the first transactions formed with Libdogecoin being sent to RadioDoge, which will submit it to the Dogecoin testnet via a Starlink satellite.

The two believe the new technology could revolutionarily stimulate Dogecoin’s grass-root adoption derived from emerging economies, making the Musk-backed cryptocurrency “the defacto means for exchanging goods and services globally.” However, they admitted that the first phase of Libdogecoin only accounted for a 0.1 milestone of the project.

Read in the Digest;

• Coinbase’s Super Bowl QR Code Ad Crashes App, Hacker Comes to Exchange’s Rescue.

• Hashrate Hits All-Time High, ETH’s Gas Fee Drops to 6-Month Low.

• Uber (NYSE:) to Accept Crypto, Robinhood (NASDAQ:) to Undertake ‘Crypto First’ Global Expansion.

• Elon Musk’s ‘Starlink’ Could Accept Soon, Shiba Flips Polygon as Most Traded Coin By ETH Whales.

Coinbase’s Super Bowl QR Code Ad Crashes App, Hacker Comes to Exchange’s Rescue

With over 106 million viewers, the Super Bowl was one of the day’s most viewed events. With massive audience looking on, America’s biggest crypto exchange made its ad debut, with a 60-second commercial almost entirely depicting a colorful, bouncing QR code.

The advert, which set Coinbase (NASDAQ:) back a cool $14 million, was accompanied by a $15 giveaway for those who logged into Coinbase. However, the exchange’s app was evidently not prepared for the level engagement the advert received, as its app temporarily crashed.

In another event that could have caused the exchange some embarrassment, a white-hat hacker, going by the pseudonym @Tree_of_Alpha, notified Coinbase of a vulnerability in its trading systems. According to the hacker, they found a “potentially market-nuking” exploit in Coinbase.

Within two hours of the Tree of Alpha’s initial tweet, Coinbase had shut trading on its advanced trading platform. In the wake of Coinbase’s quick response, the hacker remarked that they were “glad we caught this one before any real harm was done.”

Flipsider:

• Shortly after Coinbase’s ad caused its app to crash, Meta’s ‘Quest’ account tweeted its own bouncing QR code, stating: “Hopefully, this doesn’t break.”

Bitcoin Hashrate Hits All-Time High, ETH’s Gas Fee Drops to 6-Month Low

After several disruptions to mining operations in various different parts of the world, the Bitcoin mining hashrate has recovered and even managed a push to set a new all-time high.

On February 12th, Bitcoin’s hashrate hit a lifetime high of 248.11 million terahashes per second, up from 189.3 on January 31st. After falling slightly by 15%, the Bitcoin hashrate now stands at 248.11 million terahashes/sec as of this writing.

The 1-year Bitcoin Hashrate chart: Source: Y-Charts

Bitcoin’s biggest competitor, , has also recorded significant improvements of late, with its gas fees dropping to their lowest point in six months. Gas fees on the Ethereum network are now 71% cheaper than they were in January.

According to data from BlockChair, the average Ethereum network gas fee today is 0.0035 ETH, or $11.39 USD per transfer. This is a significant drop in ETH gas fees which were recorded at as high as $70.83 back in May 2021.

Flipsider:

• Despite the drop in gas prices, the number of transactions carried out on the Ethereum network has taken a 60% nosedive over the past month.

Why You Should Care

Both Bitcoin and Ethereum continue to improve on the shortcomings faced by their respective networks as they work to increase both their usability and values.

Uber to Accept Crypto, Robinhood to Undertake ‘Crypto First’ Global Expansion

As the adoption of cryptocurrency continues to rise around the world, the CEO of Uber, Dara Khosrowshahi, recently revealed that the mobility service company will being accepting crypto as a payment option on its app “at some point.”

According to Khosrowshahi, Uber could consider leaning into crypto a little more. However, he also emphasized that he is waiting to see how the crypto market matures, and when it will grow out of its current volatile phase.

Stock trading platform Robinhood is looking to expand internationally with a “crypto-first” approach. According to Robinhood’s chief brokerage officer, Steve Quirk, crypto would facilitate the “easiest” means through which to go global.

Quirk further disclosed that Robinhood is actively looking for compliant ways to list additional cryptocurrencies. The brokerage firm’s plans for international expansion through crypto could be a move to shore up last year’s poor earnings and raise its share value.

Flipsider:

• Uber’s CEO, Khosrowshahi, underlined that environmental concerns and power consumption linked to crypto mining has kept the company away from digital assets thus far.

Why You Should Care

The adoption of cryptocurrencies as a trend is expected to continue and has been predicted to be a key linchpin to drive the industry’s growth.

Elon Musk’s ‘Starlink’ Could Accept Dogecoin Soon, Shiba Flips Polygon as Most Traded Coin By ETH Whales

One month after Elon Musk announced that his electric car company, Tesla (NASDAQ:), would accept Dogecoin as a payment for merch, the centibillionaire has hinted that ‘Starlink,’ another of his companies which provides satellite internet, could follow suit.

In response to Doge community member Johnna Crider raising the idea that SpaceX and Starlink should accept DOGE, Musk simply posted a winky face emoji. His reply has raised optimism among the meme coin community that DOGE could soon find another use case.

Dogecoin’s major competitor, , has hit yet another milestone, surpassing Polygon to become the most traded token by Ethereum whales. According to WhaleStats, SHIB is now the most traded coin among the 1,000 biggest ETH wallets.

On-chain data shows that these 1,000 wallets now hold 54.64 trillion SHIB tokens worth approximately $1.611 billion. Shiba Inu is now the most favored coin by ETH whales, second only to Ethereum itself.

Flipsider:

• Both of the prominent meme coins are yet to recover from their late downfalls, with DOGE still down from its ATH by 81%, and SHIB by 67%.

Why You Should Care

The recent declaration of support for Dogecoin and Shiba Inu by NASDAQ-listed ‘IZEA‘ shows just how respected meme coins are becoming.

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