Thumzup Leverages DOGE In Payments Push: A Boost To Dogecoin Price?
Thumzup Media Corp. is pushing ahead with plans to let creators receive payments in Dogecoin (DOGE), as new data shows the meme token has slipped in recent days even amid renewed institutional interest. Related Reading: Dogecoin Sheds 25% As $57M Flees Market — Can The Memecoin Recover? Based on reports, the firm’s strategy includes a $2.5 million loan to DogeHash for mining expansion, and a treasury holding of 7.5 million DOGE, while regulatory and adoption challenges still loom. Thumzup Prepares DOGE Payouts According to company-adjacent sources, Thumzup intends to offer Dogecoin as an....
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Thumzup Media’s $10 million stock buyback and its move into Dogecoin mining have stirred fresh interest in DOGE, but traders are watching price action closely for confirmation before calling a rally. Related Reading: Hyperliquid’s Days Numbered? Expert Forecasts ‘Painful Death’ Market Tests Key Trend Line Reports have disclosed that DOGE recently pulled back to a demand zone that matches the 200-day exponential moving average (EMA). That area is being watched as a make-or-break spot. A solid bounce from here could push Dogecoin toward $0.29 in the near term. If buyers push through the....
According to multiple reports, Thumzup Media Corporation has provided a $2.5 million loan to DogeHash Technologies to help expand Dogecoin mining operations. Related Reading: Chinese National At Center Of Historic $6.7B Crypto Bust Pleads Guilty The cash is tied to an agreement that could turn into an all-stock acquisition, with DogeHash shareholders reportedly set to […]
According to a shareholder letter, Thumzup Media completed a $50 million common stock offering at $10 per share and laid out a two-part plan: expand into Dogecoin mining and put selected cryptocurrencies into a corporate treasury. Related Reading: XRP Poised For Amazon-Like Boom? Analyst Predicts $200 Rally Thumzup Raises $50 Million The new cash will help fund a pending acquisition of Dogehash Technologies, a deal that calls for Thumzup to issue 30.7 million shares to Dogehash shareholders. Once the transaction closes, the mining firm is set to be renamed Dogehash Technologies Holdings....
Dogecoin (DOGE) continues to expand its digital footprint in real-world transactions as the cryptocurrency prepares to enter the mainstream sectors of dining and hospitality. In a groundbreaking move, House of Doge, the corporate arm of the Dogecoin Foundation, has partnered with a leading hospitality payments platform to enable DOGE payments across thousands of restaurants. This […]
Dogecoin continues to show out different ways that it can be used to push products in the market. Burger King Brazil had recently announced it would be taking Dogecoin payments for dog food. Now meat-packing and cold cut company Oscar Mayer has auctioned off a one-time pack of Doge-branded hot dogs. The auction took place […]