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Crypto News, Dec. 15: Elon Goes DOGE, Again

1 year ago

Plus, Coinbase lets you see your NFTs, the weather moves to the blockchain and senators hold some crypto.

Crypto News, Dec. 15: Elon Goes DOGE, Again


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No, We Are Not All Trillionaires 

Yes, we’ve seen the jokes. Yes, we know that our data went up, up, up — and then normalized.

Instead of trying to make another Lambo joke, let’s go over the things that you could do with a Bitcoin if it really did hit $899,000,000,000.

  1. Be Jeff Bezos in 2026 (estimations show that he will be worth $1 trillion in just four years).

  2. Sell for BTC for USD and stack it into a 67.9 mile pile.

  3. Buy the NFL, the NBA, the MLB — eight times.

  4. Be Mexico (their GDP was $1.3 trillion in 2019).

  5. Buy 1 billion iPhones.

Or solve world hunger or global warming.

Your pick! Just take a look in your CoinMarketCap portfolio to get started.

Elon Musks’ DOGE fever continues

Yesterday wasn’t the first time Dogecoin has skyrocketed as a direct result of one of Musk’s tweets, and it certainly won’t be the last. Yesterday, Musk tweeted that his electric car company, Tesla, will start accepting DOGE as payment for its official merchandise. What can you buy? Oh, just a $1,900 Cyberquad for kids, also modelled after the Cybertruck, for example. See what else you can get here. 

Do Senators own crypto?

U.S. lawmakers haven’t yet agreed on how to regulate cryptocurrencies, but that hasn’t stopped a handful of pioneers from investing in crypto anyway. According to an analysis of federal records by news outlet Insider, quite a few government officials have their hands in the crypto market. So far, according to 2020 records, one Senator and four Congressional representatives have either bought crypto directly or invested in crypto-related firms. Read on to see which other lawmakers got the crypto bug.

Take two – put some Bitcoin in your stocking

Yesterday, we reported that it *might* soon be possible to gift crypto via Robinhood. Today, we are reporting that it *is* now possible to send the gift of BTC via Block’s Cash App. Users do not need to already own Bitcoin in order to give the digital currency as a gift — while other exchanges have made it possible to gift crypto already, Cash App notes that this is most likely the first time that crypto gifts can be sent in a P2P payments app. Pick your crypto gifts here.

See your NFTs right on Coinbase 

The platform will soon allow users to access a range of DeFi products and view their non-fungible tokens (NFTs) via the Coinbase Wallet — a non-custodial wallet that allows users to manage a variety of cryptocurrencies. Once the new features are activated, this will bring Coinbase Wallet more in line with competing offerings, including MetaMask and Trust Wallet, both of which are already DeFi and NFT-enabled. Check out more here.

Check the weather with a...crypto oracle?

This week, oracle network Chainlink’s partnership with Accuweather went live — now, when you see if it’s raining, you may be able to check that on the blockchain. Some options for using AccuWeather data include weather prediction markets, hedging markets and virtual umbrellas (kidding). But actually, having weather data for blockchain-based games could help the games add real-time weather as a characteristic of gameplay, for example. See more here.
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