Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • ROOMS:

Dogecoin Started as a Meme Cryptocurrency Joke, But Who’s Laughing Now

FN Media Group Presents USA News Group News Commentary


Vancouver, BC – April 26, 2021 – USA News Group  –  Widespread acceptance for cryptocurrencies is on the rise again, as PayPal Holdings, Inc. (NASDAQ:PYPL) announced its platform Venmo will now support  Bitcoin, Ethereum, Litecoin and Bitcoin Cash. But not on that list (yet) is Dogecoin (DOGE), a coin that started out as a joke, and is now gaining traction with monolithic retailer, Inc. (NASDAQ:AMZN), which alone could see DOGE soar to $1 in less than 24 hours. Now DOGE is officially the 4th largest cryptocurrency in the world, causing many users on the newly-listed cryptocurrency exchange Coinbase Global, Inc. (NASDAQ:COIN) to wonder why it’s still not available for trades on the platform. As early adopters of DOGE reaped big rewards, newcomers can utilize international live-streaming, language learning and social-crypto platform Hello Pal International Inc. (CSE:HP) (OTC:HLLPF), and cryptominer stocks Ebang International Holdings Inc. (NASDAQ:EBON) to gain access to the no-longer-a-joke digital coin.


Now the coin will officially be accepted as payment on popular electronics dealer via BitPay, as well as by the NBA’s Dallas Mavericks.


Users of the increasingly popular social media streaming platform Hello Pal International Inc. (CSE:HP) (OTC:HLLPF) just gained another entry point into Dogecoin, as well as Litecoin (LTC). Hello Pal achieved this through acquiring an initial 51% interest in 12,500 mining rigs dedicated to mining both DOGE and LTC with an option to increase that interest to 100%. The Mining Assets provide a combined hash rate of 6.25 TH/s, which amounts to 2.1% of the entire current LTC network hash rate.


The acquisitions of the Dogecoin/Litecoin-related assets are expected to help Hello Pal play a significant role in the Dogecoin/Litecoin community, as well as to further its overall cryptocurrency strategy in relation to building its international community of users.


“We’re ecstatic that our choice of cryptocurrencies to mine seems to have been validated especially by the recent incredible surge in market interest and activity of Dogecoin,” said KL Wong, Founder and Chairman of Hello Pal. “As far as we are aware, upon completion of this transaction, we shall be the only publicly listed company with primary exposure to Dogecoin.”


Almost immediately after announcing its entry into Dogecoin mining, HelloPal’s official company website at experienced an unprecedented surge in traffic of over 1000%, resulting in the website server being overloaded and causing a temporary outage. The website outage was quickly resolved and suitable adjustments have been made to server capacity to reduce the possibility of similar outages in the future.


“The sharp increase in activity on our website and the Hello Pal app validates the clear position we have taken on Dogecoin as well as on cryptocurrency in general,” added Wong.


As users of the livestreaming platform are given the option to participate in the mining, they’ll soon have an increased marketplace within which to spend their Dogecoin and Litecoin.


PayPal Holdings, Inc. (NASDAQ:PYPL) recently announced users of its popular payment platform subsidiary Venmo can now buy, hold and sell cryptocurrency directly with as little as $1. By this announcement alone, more than 70 million customers just gained a new entry point into four types of cryptocurrency: Bitcoin, Ethereum, Litecoin and Bitcoin Cash.


“Crypto on Venmo is a new way for the Venmo community to start exploring the world of crypto,” said Darrell Esch, SVP and GM, Venmo. “No matter where you are in your cryptocurrency journey, crypto on Venmo will help our community to learn and explore cryptocurrencies on a trusted platform and directly in the app they know and love.”


Meanwhile, as PayPal/Venmo does not offer Dogecoin as of yet, the biggest fish in the online marketplace might soon be.


A petition begging, Inc. (NASDAQ:AMZN) to accept Dogecoin surpassed 160,000 on April 22, 2021. That same day, reports were surfacing that Amazon’s new CEO Andy Jassy has been dubbed “crypto-curious”.


However, despite all eyes looking at what Amazon does with this pressure from consumers, the company has yet to show interest in any official capacity. When contacted by FOX Business on the issue, Amazon’s representatives did not respond to a request for comment.


Clearly there’s a swelling interest in the coin, but its users are also becoming increasingly frustrated with major exchanges denying it for trades.


Coinbase Global, Inc. (NASDAQ:COIN) recently missed out on a Dogecoin frenzy that saw the coin rally 6,000%+ on competitor Binance’s platform.


“Although DOGE is not available to trade, you can add it to your watchlist, read news and more with a Coinbase account,” according to a page on the exchange’s website.


Despite a short-lived crypto crash, both Coinbase and Dogecoin proved themselves resilient.


Based out of China, Ebang International Holdings Inc. (NASDAQ:EBON) has also launched its own Litecoin and Dogecoin mining business, by adopting a combination of deploying self-manufactured mining machines and mining machines purchased from other manufacturers.


“We will develop LTC and Doge mining on the basis of our Bitcoin mining business,” said Dong Hu, Chairman and CEO of Ebang. “We believe this move will accelerate the Company’s transformation from solely a hardware manufacturer to a diversified and vertically integrated blockchain company with comprehensive involvements in the blockchain industry value chain.”


Upon the announcement of its entry into Dogecoin/Litecoin mining, Ebang’s shares rose 14% on the first day. Key to the plan is the company’s development of a chip that can mine Litecoin and Dogecoin at the same time.


Click here to view the entire source article on Hello Pal International


Article Source: 

USA News Group


 Disclaimer: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Hello Pal International Inc. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Hello Pal International Inc. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Hello Pal International Inc. which were purchased in the open market (a market cross) directly from the engagement of our agreement with the company. MIQ will not buy or sell shares of Hello Pal International Inc. for a minimum of 72 hours of this post date (November 17, 2020), but reserve the right to buy and sell, and will buy and sell shares of Hello Pal International Inc. at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements.


While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.


USA News Group is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein.  The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.


This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.


Media Contact Information:
FN Media Group, LLC
Media Contact e-mail:
U.S. Phone: +1(954)345-0611



Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.