Crypto Live News : Elon Musk’s Twitter Logo Replaced With DOGE, Is DOGE Payments The Next Surprise ?

Hey there, Coinpedia readers! Today we’ve got some interesting headlines to cover, so let’s jump right into it.

Elon Musk, known as the “Dogefather,” changed Twitter’s blue-bird logo to the popular Doge meme, sparking a fresh growth spurt for the memecoin. In the past 24 hours, Dogecoin has become the top gainer with a jump of over 25%, while Bitcoin and Ethereum saw minor gains on Tuesday morning. Other popular altcoins such as Ripple, Solana, and Litecoin experienced a mix of minor gains and dips.

From Bird to Doge: Twitter’s Logo Swap Causes Dogecoin Surge

In a move that surprised many Twitter users, the social media platform changed its iconic bird logo to the popular Doge meme. This change was made after Elon Musk took control of Twitter in a $44 billion deal in October 2022. The reaction to the logo change has been mixed, with some finding it entertaining and others questioning whether the platform has been hacked. But what’s really interesting is that the logo swap caused an 8% increase in the price of Dogecoin. It seems like the Doge meme’s influence is still going strong!

Binance in Trouble: CFTC Lawsuit Results in Significant Loss of Market Share

Binance, one of the world’s largest cryptocurrency exchanges, recently ended its zero-fee spot trading, which caused a 16% drop in its market share in spot volumes. However, this drop in market share was not due to the regulatory action taken by the US CFTC. Interestingly, Binance only lost 2% of its market share for perpetual futures trade volume. There was also a rumor that Binance’s CEO was facing an Interpol Red Notice, causing a temporary market correction. However, Binance’s Chief Strategy Officer clarified that the rumor was not true.

XRP Takes the Lead: Top US Lawyer Puts 75% of Portfolio in the Cryptocurrency

In an unexpected move, pro-XRP lawyer Jeremy Hogan revealed that he holds more XRP than Bitcoin in his long-term cryptocurrency portfolio. Hogan believes in XRP’s potential despite the ongoing legal battle between Ripple and the SEC. Hogan posted a Twitter thread in November explaining why he thinks the SEC will not win the lawsuit against Ripple, citing the regulator’s failure to provide evidence showing Ripple’s involvement in XRP price action. The XRP community members have applauded Hogan for his faith in the asset class and his support for Ripple against the SEC.

Terra Co-Founder Kwon Could Spend the Rest of His Life in Prison

It’s not all good news in the crypto world. Terra co-founder Do Kwon’s extradition has become a betting opportunity, with bets on South Korea higher than the United States. The maximum sentence for Kwon’s crimes is much higher in the United States than in South Korea, with the former reaching over 100 years and the latter being around 40 years. Kwon’s lawyer argued that Terraform, the company Kwon is the CEO of, had limited contact with the United States. Kwon could be avoiding the United States to reduce the severity of his punishment since there are no clear standards and laws in South Korea to determine whether virtual currencies are securities or not.

Bitcoin stands strong amidst regulatory pressures, according to analyst

Despite ongoing regulatory pressures in the crypto sector, senior commodity strategist Mike McGlone believes Bitcoin is “untouchable” by regulators because it’s more decentralized than other cryptocurrencies such as Ether. McGlone is still bullish on Bitcoin and believes those who don’t have some crypto exposure are “seriously silly.” He argues that Bitcoin couldn’t be killed by regulators, and it’s “unprecedented” and “untouchable.” However, he warns that if a recession hits, the price of BTC will likely go down in step with other assets, but overall, he’s relatively bullish on Bitcoin.

That’s it for today’s headlines from coinpedia. Stay tuned for more updates from the world of cryptocurrencies!