Dogecoin Creator Responds to Moolah Bankruptcy with Additional Concerns
In the light of CEO Alex Green's recent announcement that Moopay LTD will be filing bankruptcy, the creator of Dogecoin, Jackson Palmer, released a statement regarding the aftermath. "It's sad to see anything like this which hurts the awesome folks in this community - hopefully store owners will find another solution (fairly sure Shopify now supports crypto through gateways) to accept DOGE and the migration isn't too painful." "That being said, I find it hard to feel sympathy for the business - if you're running a bootstrapped startup, you don't go around throwing tens (or maybe hundreds....
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September was a very bullish month for Dogecoin, as several positive announcements restored investor faith in the coin and increased the Dogecoin price. Dogecoin even reclaimed a top-five market cap ranking. However, during the month of October the Dogecoin price has declined considerably. Perhaps the rocket ship to the moon has run out of fuel. Also Read: Dogecoin Creator Responds to Moolah Bankruptcy with Additional Concerns. Dogecoin Price Rocket-Ship Runs Out of Fuel. It takes a lot of fuel to send a rocket-ship to the moon-especially when the ship has more than 87,000 passengers....
Author's Note: Since the publishing of this article, the Facebook page of Ryan Kennedy has tightened the privacy settings and removed the photo in question. Recently a document surfaced regarding the CEO of Moolah known as Alex Green; the document was compiled by Jackson Palmer and Ben Doernberg, two members of the Dogecoin community. Palmer is the creator of Dogecoin, and Doernberg is a long-time vocal activist against Moopay, Moolah, Moofarm and the CEO Alex Green. Recently, Green came out in saying that his company Moolah and Moopay LTD would be filing for bankruptcy. After that bout of....
The doge-pack is in disarray as prominent members debate in public. Moolah.io is a pillar of the Dogecoin community, that is undeniable. In addition to being the first Dogecoin payment processor, Moolah has handled the donation wallets for numerous community fundraisers - including the popular Doge4NASCAR. Founder Alex Green even donated large sums to various Dogecoin charity initiatives and is quite active on the Dogecoin subreddit. However, being a financial transmitter in the digital currency space comes with intense scrutiny, and Moolah has also faced its share of that. After three....
Digital currency exchange Prelude, a sub-service of Moolah.io, has released a preliminary audit of its dogecoin balances as part of a larger drive to become more transparent about its finances. The release comes amid ongoing controversy about the status of Moolah's business and requests by site users for more information about its exchange business. The evaluation shows that Prelude had approximately 160m dogecoins (about $72k at press time) on its service, roughly 158m of which are customer funds. The company provided a link to the dogecoin block chain verifying that the funds were under....