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Is Dogecoin really a good investment?

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Dogecoin (DOGE) has been stuck in a trading range for the past few weeks, lacking the catalyst needed to break free amid a sluggish crypto market.  However, today, October 23, marked a possible turning point as cryptocurrencies surged, led by Bitcoin’s (BTC) impressive gains, reaching over $30,600.  In this renewed optimism, DOGE is the standout performer among the top 10 cryptocurrencies by market cap, surging 4.9% to $0.063 in the last 24 hours leading the 24-hour daily gains. DOGE’s 24-hour performance compared to other top 10 crypto assets. Source: CoinMarketCap Intriguingly, this might not be only a short-term boost for DOGE but rather the inception of a potential bull run, as suggested by an analyst. Traders and analysts bullish on DOGE Cryptocurrency Bitcoin rockets toward 72-week high Cryptocurrency Bitcoin chart hints at major 'sell signal,' warns analyst Cryptocurrency Can SHIB reach $...

Bitcoin investment loss leads to domestic shootout and police standoff

A loss incurred in a Bitcoin (BTC) investment in Thailand resulted in a man shooting his wife and then having a six hour-long standoff with local police forces. According to a Sept. 18 report by local news outlet Thaiger, the 35-year-old husband named Kritsada shot his 31-year-old wife  Pitsamai with a handgun and barricaded himself in their home. He surrendered to the authorities after a six-hour standoff with the police that included negotiations involving his sister. Officer Manas Atthadod from Uthai Police Station explained that the man — who also shot himself in the leg — attempted to kill his wife after she asked him for separation following his loss of 700,000 baht (under $19,500) in Bitcoin investment s. The man regularly visited his wife following separation — partly due to his fear of her cheating — and on the night of the incident she opposed him when he tried to reconcile and shot her. You might also like: Crypto millionaires deaths: Investigating the series...

$190B Ontario pension says no to crypto after FTX investment loss

The pension fund had invested twice in the now-bankrupt crypto exchange, once during the peak of the bull run in 2021 and again in early 2022. The Onatario Teachers’ Pension Plan has decided to steer its investment away from cryptocurrencies.  The decision comes after the OTPP — which manages over $190 billion in assets  — lost the entirety of its $95 million investment in crypto exchange FTX after it went bust in November 2022. OTPP was one of the many backers of the now-bankrupt crypto exchange and had invested twice: Once during the bull market in 2021 and again during exchange’s Series C funding round in early 2022. OTPP chief executive Jo Taylor said in an interview with the Financial Times that it’d be unwise for the pension fund to rush into another crypto investment . Taylor said that they are still processing what happened with the exchange, and they would be much more cautious before invest ing in emerging assets like digital currencies. The pension fund is responsible f...