Crypto

Why did Mark Zuckerberg name his goat Bitcoin?

Published

1 year ago

May 11, 2021

In a recent Facebook post, Mark Zuckerberg introduced his pet goat named ‘Bitcoin’

Facebook CEO Mark Zuckerberg left many crypto-enthusiasts scratching their heads as he introduced his pet goat, ‘Bitcoin.’

Mark Zuckerberg named his goat "Bitcoin" pic.twitter.com/msWSgHKCaZ
— Documenting Bitcoin 📄 (@DocumentingBTC) May 10, 2021

Is Zuckerberg trying to take a leaf from Musk’s book?

But Zuckerberg isn’t the only billionaire with his hand in crypto.

Many crypto fans have pointed out the similarities between the post and the way Musk’s Dogecoin. Dogecoin stocks recently fell after Billionaire Tesla CEO Elon Musk appeared on SNL.

During his appearance, the Space-X CEO said the cryptocurrency would “take over the world,” calling himself the “Dogefather.”

One Reddit user wrote, “he’s trying to move markets like Elon.” On Twitter, user @DivacTheGreat also echoed this sentiment. He said, “is this an Elon-style Bitcoin nod, or is Zuck just a weird dude with bad pet naming skills?”

Goats save bitcoin drop

Bitcoin rose from US$55,500 to US$56,200 in the minutes after Zuckerberg’s 8.35am AEST post.

This comes after rumours that Facebook would follow the lead of SpaceX. The company recently announced they would be accepting Dogecoin as payment.

This latest post has renewed hope that Zuckerberg has bitcoin on his radar – perhaps indicating that Facebook plans to accept Bitcoin as payment in the future.

Crypto craze

But Bitcoin isn’t the only cryptocurrency getting all the hype lately, with some new players entering the field.

The “Shiba Inu coin” also known as SHIB coin or $SHIB has also been rising in popularity.

Much like Dogecoin, it started out as a meme. But now, crypto investors are seeing some potential.

Related Topics:bitcoin Featured Zuckerberg

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Natasha Schapova

Natasha is an Associate Producer at ticker NEWS with a Bachelor of arts from Monash University. She has previously worked at Sky News Australia and Monash University as an Online Content Producer.

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Crypto

Gucci goes big in metaverse with new Vault Art Space

Published

1 day ago

June 24, 2022

Brittany Coles

Forward thinkers who love fashion, this exhibit is for you

Luxury brand Gucci has opened a Vault Art Space as it continues to explore the art world and the metaverse

Gucci inaugurated the gallery in a partnership with NFT marketplace SuperRare

The debut exhibit is titled “The Next 100 Years of Gucci”

Keep your eye out for a special selection of NFT artworks, each a collectible fragment of Gucci’s heritage.

The artworks are showcased and auctioned off directly on Vault’s website in three drops between now and the end of July.

All sales will be in Ethereum.

Crypto

Ethereum to finally undergo shift to new energy model

Published

2 days ago

June 23, 2022

ticker NEWS

The popular cryptocurrency are ready to make the switch from one energy model to another

Ethereum is about to undergo its long awaited makeover, which will see the company shift from its energy intensive model.

The crypto has been working to shift from its proof-of-work method to a proof-of-stake model, which requires far less power than mining.

Crypto currencies have been criticised for their mining processes to generate new coins. But this new method will be eco-friendly and lead to faster transactions.

The transition has been repeatedly pushed back because of major flaws.

But developers reportedly say the latest test run was very smooth.

The price of Ethereum has lost nearly half its value this year and is trading at just over $1,800 USD.

Investors will continue to keep an eye out on what will come out of this upgrade.

Meanwhile, Bitcoin investors can enjoy a sigh of relief as the cryptocurrency bounces back after months of turbulence.

Business

Luxury watchmaker accepts bitcoin for limited edition collection

Published

3 days ago

June 22, 2022

Brittany Coles

They say cash is king and some call crypto a waste of time, but one company is proving to customers, that its not an old-timer

Luxury watchmaker Hublot is accepting bitcoin as payment for a limited-edition watch collection.

While the release begins with this limited-edition collection, the addition of bitcoin to the platform will not be going away for the United States eBoutique

Hublot partnered with BitPay to accept bitcoin and will continue to accept bitcoin through this outlet.

In order to secure one of the watches from this collection, customers will be paying just over 21 thousand or slightly more than the current price of 1 bitcoin.

The Swiss-based company joins other high end brands like Gucci and Balenciaga in accepting bitcoin as legitimate payment.