One of the world's largest Web3 domain providers now accepts the popular Dogecoin (DOGE) meme asset as a payment option.
In a new announcement, leading Web3 domain provider Unstoppable Domains says it will now add DOGE to its list of digital assets now accepted as payment options.
Who left DOGE out? We did it! Now you can buy unstoppable domains using Dogecoin. Lots of property. very coin. Such excite.
Other popular crypto assets accepted by domain providers include USD Coin (USDC) and DAI stablecoins, Bitcoin (BTC) and LItecoin (LTC) peer-to-peer decentralized networks, Bitcoin Cash (BCH) hard fork, and contract platforms. smart Ethereum. (ETH) and Polygon (MATIC), as well as Wrapped Ethereum (wETH).
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It was recently discovered that Dogecoin is outperforming the rest of the crypto market in terms of how many of its holders are currently afloat. According to crypto analytics platform IntoTheBlock, at least 40% of DOGE holders have consistently stayed in the green. Furthermore, it found that the last time 60% of token holders were underwater was in 2015.
โHold on to your seats DOGEArmy, did you know that DOGE holders' earnings rarely fall below 40%? In fact, the last time Dogecoin saw more than 60% loss holders was in 2015. Impressive, given that other altcoins often suffer more than 90% losses in bear markets.โ
The US Securities and Exchange Commission has sparked new debates in the cryptocurrency community, among key market players, after SEC Chairman Gary Gensler made some important comments about cryptocurrency exchanges at the country.
According to Gary Gensler, existing cryptocurrency exchanges in the United States are not safe and qualified custodians for investment advisers.
He made the comment Thursday at the Investor Advisory Committee meeting. Gensler had made similar comments in the past and appears to be going the extra mile to reiterate his position.
His comments support a proposed rule requiring investment advisers to find qualified custodians to safeguard their assets. The assets also include digital currencies such as Bitcoin and Ethereum. He commented:
Based on how cryptocurrency trading and lending platforms generally work, they cannot be relied on today by investment advisers as qualified custodians. To be clear: Just because a crypto trading platform claims to be a qualified custodian does not mean that it is.
Speaking about the proposal, he explains that it aligns with the rules established by Congress to expand the custody rule since the economy witnessed many financial crises. Custody prioritizes investor assets above all else, he said.
The proposal picks up on a 2010 congressional provision to expand the custody rule to cover all of an investor's assets, not just their funds or securities. Congress gave us new authority to expand the custody rule in response to the financial crisis and the Bernie Madoff frauds. The expanded custody rule would help ensure that advisers do not inappropriately use, misuse or lose investor assets.
The market had been anticipating an SEC move since February after rumors began to circulate that the US SEC was actively making plans to ban crypto staking for retail clients in the United States.
While Cardano's Charles Hoskinson appears to back the SEC, noting that staking Ethereum, in particular, was detrimental to the entire cryptocurrency industry, the CEO of major cryptocurrency Coinbase seemed to take a different view.
