One of the largest Web3 domain providers in the world is now accepting the popular meme asset Dogecoin (DOGE) as an option for payments.
In a new announcement, major Web3 domain provider Unstoppable Domains says that it will now be adding DOGE to its list of digital assets that are now accepted as payment options.
Who left the DOGE out? We did! You can now buy Unstoppable domains using Dogecoin. Much ownership. Very currency. Such excite.
Other popular crypto assets accepted by the domain providers include stablecoins USD Coin (USDC) and DAI, peer-to-peer decentralized networks Bitcoin (BTC) and LItecoin (LTC), Bitcoin hard fork Bitcoin Cash (BCH), and smart contract platforms Ethereum (ETH) and Polygon (MATIC), as well as Wrapped Ethereum (wETH).
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Recently, it was found that Dogecoin is outperforming the rest of the crypto market in terms of how many of its holders are currently above water. According to the crypto analytics platform IntoTheBlock, at least 40% of DOGE holders have consistently remained in the green. Furthermore, it found that the last time 60% of the token’s holders were underwater was back in 2015.
“Hold onto your seats DOGEArmy, Did you know that DOGE holders in profit rarely drop below 40%? In fact, the last time Dogecoin saw over 60% of holders at a loss was in 2015. Impressive, given other altcoins often suffer 90%+ losses in bear markets.”
The U.S. Exchange and Securities Commission has sparked new debates in the cryptocurrency community, among key players in the market, after Gary Gensler, the Chairman of the SEC made some important comments concerning cryptocurrency exchanges in the country.
According to Gary Gensler, cryptocurrency exchanges existing in the United States are not safe and qualified custodians for investment advisers.
He made the comment on Thursday, at the Investor Advisory Committee meeting. Gensler had made similar comments in the past and seems to be going the extra mile to reiterate his stance.
His comments are backing a proposed rule that demands that investment advisors find qualified custodians for the safeguarding of their assets. The assets also include digital currencies like Bitcoin and Ethereum. He remarked:
Based upon how crypto trading and lending platforms generally operate, investment advisers cannot rely on them today as qualified custodians. To be clear: Just because a crypto trading platform claims to be a qualified custodian doesn’t mean that it is.
Speaking on the proposal, he explains that it aligns with the rules put in place by Congress to expand custody rule as the economy witnessed many financial crises. The custody prioritizes investors’ assets above all else, he stated.
The proposal takes up Congress’s 2010 provision for us to expand the custody rule to cover all of an investor’s assets, not just their funds or securities. Congress granted us new authorities to expand the custody rule in response to the financial crisis and Bernie Madoff’s frauds. The expanded custody rule would help ensure that advisers don’t inappropriately use, abuse, or lose investors’ assets.
The market had been anticipating a move from the SEC since February after rumors started circulating that the U.S. SEC was actively making plans to ban cryptocurrency staking for retail customers in the United States.
While Cardano’s Charles Hoskinson seems to back the SEC, highlighting that Ethereum staking, in particular, was harmful to the entire cryptocurrency industry, the CEO of the leading cryptocurrency Coinbase seemed to have a different view.