The world of cryptocurrency had a bustling weekend, with Dogecoin’s social sentiment skyrocketing, a proposed bill threatening Central Bank Digital Currencies (CBDCs), a trader turning a modest sum into millions with MAGA Memecoin, and Dogecoin and Shiba Inu on the brink of a bull run. Here’s a rundown of the hot stories that caught our attention.
Dogecoin’s Social Dominance Soars – Dogecoin (CRYPTO: DOGE), the meme-based cryptocurrency, saw a significant spike in its social media presence. This increase, calculated as a 600% rise in its "social dominance score" by LunarCrush, coincided with the cryptocurrency’s price crossing the $0.10 mark. This surge in social sentiment was in line with the overall positive sentiment across the Crypto landscape, as Bitcoin continued to soar. Read the full article here.
CBDCs in the Crosshairs – Republican senators have proposed a bill to ban digital currencies backed by central banks, also known as Central Bank Digital Currencies (CBDC) or stablecoins. This move could potentially hamper the Biden administration's exploration of this technology. The senators argue that Fed-backed cryptocurrencies could infringe on privacy rights ...