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Japanese dog of 'Doge' meme fame dies

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Japanese dog of 'Doge' meme fame dies

A representation of cryptocurrency Dogecoin
| Photo Credit: Reuters

The Japanese dog whose photo inspired a generation of oddball online jokes and the $23-billion Dogecoin cryptocurrency beloved by Elon Musk died on Friday, her owner said.

“She quietly passed away as if asleep while I caressed her,” Atsuko Sato wrote on her blog, thanking the fans of her shiba inu called Kabosu — the face of the “Doge” meme.

“I think Kabo-chan was the happiest dog in the world. And I was the happiest owner,” Sato wrote.

As a rescue dog, Kabosu’s real birthday was unknown but Sato estimated her age at 18, past the average lifespan for a shiba inu, with her birthday celebrated in November.

In 2010, two years after adopting Kabosu from a puppy mill where she would otherwise have been put down, Sato took a picture of her pet crossing her paws on the sofa.

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She posted that image — with the fluffy shiba inu giving the camera a beguiling look — on her blog, from where it spread to online forum Reddit and became a meme that bounced from college bedrooms to office e-mail chains.

The memes typically used goofy broken English to reveal the inner thoughts of Kabosu and other shiba inu “doge” — pronounced like pizza “dough” but with a “j” at the end.

The picture also later became an NFT digital artwork that sold for $4 million and inspired Dogecoin, which was started as a joke by two software engineers and is now the eighth-most valuable cryptocurrency with a market capitalisation of $23 billion.

‘Unbelievable’ events

Dogecoin has been backed by hip-hop star Snoop Dogg, “Shark Tank” entrepreneur Mark Cuban and Kiss bassist Gene Simmons.

But its most keen supporter is probably the billionaire Musk, who jokes about the currency on X — sending its value soaring — and hails it as “the people’s crypto”.

Dogecoin has also inspired a plethora of other cheap and highly volatile “memecoins”, including spin-off Shiba Inu and others based on dogs, cats or Donald Trump.

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Kabosu fell ill with leukaemia and liver disease in late 2022, and Sato said in a recent interview with AFP in her home of Sakura, east of Tokyo, that the “invisible power” of prayers from fans worldwide helped her pull through.

The 62-year-old Sato said she had become so used to “unbelievable” events that, when Tesla boss Musk changed the icon for Twitter, now X, to Kabosu’s face last year, she “wasn’t even that surprised”.

“In the last few years I’ve been able to connect the online version of Kabosu, all these unexpected things seen from a distance, with our real lives,” she told AFP.

A $100,000 statue of Kabosu and her sofa crowdfunded by Own The Doge, a crypto organisation dedicated to the meme, was unveiled in a park in Sakura in November last year.

Sato and Own The Doge have also donated large sums to international charities, including more than $1 million to Save the Children. The NGO says it is “the single largest crypto contribution” it has ever received.

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“The Doge is the most popular dog of the modern era,” said Tridog, a pseudonymous member of Own The Doge, describing Kabosu as “the Mona Lisa of the internet”.

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Malign interference and cryptocurrency: A new frontier in disinformation and national security

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Malign interference and cryptocurrency: A new frontier in disinformation and national security

This content was written by Chainalysis.

In a world where nearly half the population will participate in national elections in 2024, the stakes for securing democratic processes have never been higher. Disinformation campaigns—especially those funded through crypto—have become a potent tool for states like Russia, China, and North Korea to destabilize democratic institutions, influence public sentiment and erode trust in governance. Chainalysis’ Malign Interference and Cryptocurrency report sheds light on the pivotal role of crypto tracing in identifying and countering these threats.

In spite of their pseudonymity, the transparency of the blockchain provides investigators a powerful tool to investigate how malign actors abuse cryptocurrency. Each transaction leaves a permanent, traceable record, allowing analysts to connect the financial dots across complex networks of accounts. This traceability was crucial in identifying the funding behind Russian disinformation efforts in recent U.S. elections. The funds used to purchase web domains and social media accounts were traced back to Kremlin-affiliated actors, highlighting crypto’s role in the infrastructure of disinformation.

Sanctions are among the most effective countermeasures against malign actors using crypto for disinformation. For example, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has sanctioned multiple crypto addresses associated with Russian disinformation entities. These sanctions disrupt financing and make it difficult for actors to raise, transfer, and off-ramp their funds. However, these actors adapt quickly, finding new means of funneling funds and evading detection.

Looking ahead, as AI amplifies the reach and sophistication of disinformation, crypto tracing must continue to evolve. The ongoing development of blockchain analytics tools promises to meet the challenge of tracing disinformation funding in a world where deepfakes, bots, and AI-generated profiles are becoming the norm. The findings from the Malign Interference and Crypto report underscore the importance of collaboration across the public sector, private companies, and international organizations to safeguard democracies from crypto-fueled disinformation threats.

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Cryptocurrency prices on November 4: Bitcoin trades near $69,000 ahead of US election and as Fed rate cut looms

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Cryptocurrency prices on November 4: Bitcoin trades near ,000 ahead of US election and as Fed rate cut looms
The cryptocurrency market showed mixed trends on Monday as investors prepared for key events—the US presidential election and an anticipated Federal Reserve rate cut, both of which could significantly impact crypto markets.

Major tokens like Bitcoin, Ethereum, Dogecoin, Tron, and Toncoin saw gains, while others such as BNB, Cardano, Shiba Inu, Chainlink, Polkadot, Litecoin, Uniswap, and NEAR Protocol experienced losses of up to 3%.

At 12:02 pm IST, Bitcoin (BTC) traded 0.84% higher at $69,014, while Ethereum rose by 0.9% to $2,472. Despite these individual gains, the global cryptocurrency market cap declined by 1.68% over the past 24 hours to roughly $2.25 trillion.

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“Bitcoin is facing resistance at $69,000 after last week’s gains. We expect high volatility this week, driven by the US presidential election and the Fed’s policy meeting,” said Vikram Subburaj, CEO of Giottus Crypto Platform. “A rally above $72,000 could be likely if Trump secures a victory, while support remains strong at $66,000 if a drop occurs.”Edul Patel, CEO of Mudrex, said, “With just one day remaining before the U.S. presidential election, the crypto market is closely watching for the outcome. Bitcoin, currently trading at $69,000, has declined by over 4% over the weekend as investors adopt a cautious approach. Although technical charts suggest momentum is building, investors’ reaction to the election outcome is expected to be the key driver of BTC’s price action. Bitcoin faces resistance at $70,900, with support at the $67,400 level.”

The volume of all stablecoins is now $65.12 billion, which is 93.44% of the total crypto market 24-hour volume, as per data available on CoinMarketCap.In the last 24 hours, the market cap of Bitcoin, the world’s largest cryptocurrency, increased to $1.363 trillion. Bitcoin’s dominance is currently 60.63%, according to CoinMarketCap. BTC volume in the last 24 hours surged 42.64% to $33.44 billion.

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Tech view by ZebPay Trade Desk

Earlier this week, Bitcoin’s pullback near its all-time high may have prompted short-term traders to lock in profits. Despite the price retreating to around $68,000, analysts remain optimistic, expecting Bitcoin to find solid support within the $65,000 to $68,000 range. The upcoming U.S. elections are the next significant catalyst for the crypto markets. A break above $70,000 in the near term could lift investor sentiment, driving renewed buying interest in select altcoins as well.

chartETMarkets.com

BTC after making the all-time high of $73,777 was trading in the ‘Descending Channel’ pattern. The asset gave a breakout above the channel and rallied up to $73,620. However, the bulls failed to cross the previous all-time and the prices witnessed some profit booking. BTC has struggled to give a weekly closing above the $70k mark in the past and this time also it failed to do that. Once it gives a weekly close above $70,000 and sustains above the previous all-time high then we may expect it to rally further.

Key Levels for BTC:

Support 1: $66,500
Support 2: $62,000

Resistance 1: $70,000
Resistance 2: $73,777

(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of the Economic Times.)

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Is Trump’s Crypto Worth the Investment? Experts Weigh In

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Is Trump’s Crypto Worth the Investment? Experts Weigh In

Former President Donald Trump announced the launch of a new cryptocurrency exchange World Liberty Financial where people can buy, sell and trade digital currencies like Bitcoin. Now the exchange has also taken the next big step of issuing its very own cryptocurrency: WLFI.

Read Next: 13 Cheap Cryptocurrencies With the Highest Potential Upside for You

Discover More: 9 Things You Must Do To Grow Your Wealth in 2024

Because Trump’s name is attached, this new digital coin is drawing a lot of attention. But should you put your own money in? We spoke to two experts who gave us their take.

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Any financial advisor will tell you to put your money in an asset that has a proven record of stability and growth. Trump’s cryptocurrency is brand new and doesn’t have any history to back it up. Just because it has a familiar name attached to it, that doesn’t mean it will perform well.

“The best things that you can invest in are things that you understand, and that have a proven track record of success,” said Joe Schmitz, Jr., founder and CEO of Peak Retirement Planning. “You should not invest in things because people are speculating that it could make it big.”

Crypto has made huge gains for some, but it’s also caused huge losses, too. Some people do make a lot of money in crypto. But what worked for one person doesn’t guarantee that the same thing will work for you. If you’re considering putting money into Trump’s crypto, remember that there’s no way to know whether any new cryptocurrency will perform well.

Trending Now: 5 Expert-Recommended Alternative Investments: How They Work and When To Invest

World Liberty Financial announced that their currency, WLFI, will become a stablecoin. That means that, theoretically at least, its value will be locked one-to-one with the U.S. dollar. This is supposed to keep the extreme price swings of regular cryptocurrencies from happening. But there are still big risks. A stablecoin relies on World Liberty Financial to keep its value. You have to trust that World Liberty Financial has enough cash reserves to back up every coin they issue.

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“I do not advise putting money into Trump’s crypto or any other cryptocurrency,” said Thomas J. Brock, of RetireGuide.com. “Cryptocurrency is a highly speculative asset; it is not a prudent investment. Cryptocurrency does not yield any income, and it has no intrinsic economic value. The only way you can make money with cryptocurrency is if you can sell it to someone at a higher price than what you paid. Unfortunately, given cryptocurrency’s incredibly volatile nature, properly timing a purchase and sale is hard to do.”

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