Memes about Bitcoin, Cryptocurrency, Mining and ICO

Internet memes is quite contradictory but still culture, a unique cultural phenomenon that appeared in the world where everything goes online. In different countries, regions and language communities memes appeared quite a long time ago. When cryptocurrency emerged and developed memes penetrated even this field.

Today, The Coin Shark will make a review of cryptocurrency memes and we will show how the modern online-culture reacted to the boom about Bitcoin, cryptocurrency, mining and ICO.

Content:
(please, click the topic to scroll down to it)

  1. Small history insight
  2. Memes about Bitcoin
  3. Cryptocurrency memes
  4. Mining memes
  5. Memes about ICO
  6. Conclusion

1. Small history insight

Internet meme is a phenomenon of online space. Both these phenomena possibly emerged at the same time. When the world wide web enlaced the whole globe with its net, and people in different parts of the planet got an opportunity to communicate and exchange information as easy as if they were sitting at the same table, memes emerged and developed mostly at internet platforms for different discussions. New online tools allowed for fast data exchange, so any cute meme could become popular almost immediately and the speed of its spreading was huge. Memes were spread via internet platforms, video hosting services, social networks, etc. Those were interesting and funny pictures, videos, gif-images, melodies, separate words, phrases, etc. Internet community answered with memes to all the world trends in all spheres of life, like policy, sport, technology, culture. It is difficult to identify which memes appeared in the first place, but one of the first memes are absolutely lolcat (pictures of cats with funny captions), O RLY?, facts about Chuck Norris, Pepe the Frog and many other memes.

2. Memes about Bitcoin

Hype that we have seen around bitcoin was probably even bigger than hype around the latest president elections in the USA and remained a hot topic even longer. Today, people talk less about the digital gold and its rate is way less appealing, especially for those who have purchased BTC for $10 or $15 thousand not very long time ago. However, the rapid increase of bitcoin rate in 2017 inspired hundreds and thousands of memes. Bitcoin had been demonstrating sustainable growth already in 2016, but 2017 appeared to be its “golden age”. The cryptocurrency started with around $890 per coin and finished the year having reached $19,000 and more. So, the majority of BTC-related memes were about the growth of cryptocurrency’s rate, its volatility, bitcoin geeks, those guys who did not buy bitcoin several month ago, and those who bought it.

meme 1

meme 2

And that is how it really used to be back to the times of sustainable bitcoin rate growth in 2017. One could hold the coins for a week or so and gain a double profit or even more!

Here is another popular bitcoin meme, similar to all those stories in movies when people travel in time to purchase winning lottery tickets or to make winning bets.  

This meme reflects exchange trading strategy when traders buy currency while its rate is low, then hold it and sell at the higher price later.

meme 4

And finally, a meme about bitcoin’s volatility.

meme 5

3. Cryptocurrency memes

Many people still think cryptocurrency is a new financial and information tool, however, it has actually been more than 10 years since bitcoin was launched. The cryptocurrency market with all its infrastructure started emerging in 2013-2014. Since the beginning of 2018 we’ve been observing a significant recession – currently bitcoin costs less than $6,5 thousand and Ethereum is less than $200, while it started with more than $1000 in January, 2018. Such a situation also inspired many memes, like:

meme 6

When talking about cryptocurrency, memes Dogecoin, of course, should not be left unmentioned. This cryptocurrency has a meme as its name and logo. And this meme is Doge – a picture of a Shiba Inu surrounded by multicolored text in Comic Sans font. The meme appeared in 2013 and became very popular. Dogecoin is a cryptocurrency based on the Litecoin blockchain. Today, it is a top-20th coin by market capitalization. However, it has an unlimited emission and currently Dogecoin circulating supply amounts to more than 100 billion coins. One Dogecoin is traded at around $0.006. Dogecoin is also famous for the charity activities of its community. For example, in 2014, the community managed to raise around $50 thousand for Jamaica national bobsleigh team to go to 2014 Winter Olympics. The team was qualified for the Games, but had no money to travel to Russia. Such a Doge.

meme 7

4. Mining memes

Cryptocurrency mining is a big industry. However, today, it has changed significantly and a wide range of people is no longer able to mine Bitcoins, Ethereum, Litecoin and other popular cryptocurrencies using their own hardware. Mining is actually about decoding of a hash algorithm to create a new block in blockchain and, as follows, a new coin. Back to the beginning of 2010s, it was possible to mine on one’s own laptop. Today, you will need expensive equipment, huge mining farms or at least connection to mining pool to mine cryptocurrency and gain profit out of it. So, here is a meme about CPU-mining that is currently no longer available for the majority of popular coins:

meme 8

Mining actually means computing. It requires a lot of power which is a problem for both individual and industrial miners. There is a “What if I told you”- meme featuring Morpheus from the Matrix about this.

5. Memes about ICO

Initial coin offering is similar to IPO, but is not regulated with all those strict provisions related to stock market. It enables startups to receive investments easily in exchange for digital tokens they issue. The very first ICO was held in 2013 by Mastercoin that managed to attract $5 million. Today, there are plenty of ICOs offering to invest in the development of payment services, cloud platforms, blockchain-based transport systems, content monetization tools, etc.  However, even though blockchain technology is rather secure, ICOs are often subject to fraud and are rather risky. 2016-2017 was the “Golden Age” of ICO campaigns. Back then many startups managed to get huge investments. At the same time many financial regulators were often not crypto-friendly and some jurisdictions (like China) banned ICOs at all.

Despite the fact that cryptocurrency crowdfunding seems to be rather attractive, many investors have not received what they expected. And it is not only about fraud and scam – hundreds of project were simply not successful.

6. Conclusion

Anyway, it is not really surprising that cryptocurrencies inspired such a huge variety of memes addressing a number of crypto-related topics. And it is obvious that there are more to come – more pictures, images, videos that reflect changes of the cryptocurrency market and other important crypto-events.

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American Mining Company Riot Blockchain To Launch Crypto Exchange In The USA

According to a SEC filing, U.S.-based Bitcoin mining company Riot Blockchain plans to launch a crypto exchange by the end of July 2019.

Exchange Details and Current Situation

Riot Blockchain has partnered with SynapseFI, a major software company, and invested approx. $250,000 in the project. It has also form a special subsidiary to operate the exchange. The budget of the exchange is expected to be more than $2 million after its launch.

The software company will take care of banking services of the exchange, the provided API will connect Riot Blockchain’s accounts to other American banking institutions. Moreover, SynapseFI will track locations and identities of customers to “prevent fraud and improper use of its RiotX exchange.”

The SEC’s filing reads:

“SynapseFi’s API will enable to Company to know where the user is when accessing RiotX, thereby enabling the Company to prevent a user from Montana, a state where the exchange of digital currencies is permitted, from traveling to neighboring Wyoming, where the exchange of digital currencies is not permitted, and using RiotX in the prohibited jurisdiction.”

The exchange will be available in 48 states (without Hawaii and Wyoming) by December 2019. RiotX has already been provided a license in five states.

Rumours of Launching Before Official Statement

Back in March 2018, there were rumours based on facts that Riot Blockchain planned to launch crypto exchange since the company acquired Logical Brokerage Corp.. The public filing published at the same time stated that the company wanted to investigate futures brokerage operations and details of launching a digital currency exchange.

In November 2018, RiotX “entered into a Master Services Agreement with Shift Markets, Ltd. to provide RiotX with its crypto exchange platform. These services will enable RiotX to further execute its plans to launch a U.S. focused cryptocurrency exchange.

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Winklevoss’ Brothers Said “Crypto Doesn’t Need Rules”, What About Crypto Companies?

Winklevoss twins are one of the most influential crypto personalities in the modern world. They are multi-millionaires with their own exchange – Gemini – and own dollar-pegged Gemini coin. It is no secret that the brothers have supported crypto since the beginning of it, but now they promote crypto regulation which confronts with the idea of crypto as well as with their billboard slogans. What happened?

Crypto Needs Or Doesn’t Need Rules

The twins are known for deconstructing the stereotypes and the myths that surround crypto in the public. They want to change the image of crypto that has been plagued with scams, hacks, frauds. However, their billboard slogan “Crypto Needs Rules” was criticized by Bitcoin users as the main meaning of crypto is to transfer money or digital assets without having to trust anyone.

Source: Bitcoinist

Cameron Winklevoss said that some people wondered why Gemini believes that the crypto revolution needs rules. He responded:

“Crypto doesn’t need rules, but the companies built on top of it do.”

Cameron also cited a part of report regarding to the defunct QuadrigaCX exchange which lost millions of dollars.

In order to prevent cases like QuadrigaCX and Mt.Gox, the latter’s CEO was sentenced to 2 years and six months in prison, the companies that provide custodial services of customers assets should be regulated. Furthermore, Winklevoss pointed out that these cases as well as other incidents could have been preventable if there was a proper management of the company, in particular, “proper rules and thoughtful regulation”.

We remind you

The Gemini Dollar of Winklevoss Brothers Is Officially Approved

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Cryptocurrency Prices Today, March 18: Bitcoin Became Entrenched At $4000

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency Rate

According to the Coin360 online platform, Bitcoin (BTC) remains stable over the past 24 hours and added 0.69%. The price at the time of writing is $3988 per coin.

Cryptocurrencies have changed a lot in price:

Bitcoin Cash added 5.99%, Bitcoin SV lost 0.29%, the value of coins is $157 and $66, respectively;

Ripple grew by 1% and costs $0.31;

EOS decreased by 0.8% and its price is $3.71;

Litecoin fell by 2% and its price is $59;

Cardano dropped by 0.07% and its cost is $0.049;

Stellar added 0.2% and costs $0.10;

IOTA lost 1.8% and its cost is $0.29;

Dash increased by 2.8% and its price is $92;

Monero became cheaper by 1% and costs $51.

Over the past 24 hours, Ethereum has lost 0.5%. The rate of the coin is $136.

The total market capitalization is $139 billion. Bitcoin accounts for 50.8% of the total. In monetary terms, it is $70 billion.

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TOP 5 Most Convenient Applications To Use And Work With Cryptocurrency

Cryptocurrency is one of the most promising and growing industries in our modern world. It is becoming more and more valuable to our society, as well as to the nations’ economies and banking systems, since people prefer more convenient ways of trading and transferring money. We therefore offer you to look at top 5 apps that the most convenient in using and working with crypto.

1. Keymano

Keymano is a top wallet that provides a customer with a myriad of opportunities. It’s very convenient, fast and secure. Managing crypto or fiat money through Keymano wallet is easy. Using Keymano wallet anyone can sell, buy or send crypto on the go. It is user-friendly and straightforward.

Connect Keymano Card and Wallet to get even more functions. This Card allows you to make payments online and in-store. Moreover, the user can withdraw cash at any ATM terminal.

Keymano is a fully-featured product which not only simplifies managing crypto but also creates more ways to use it. With Keymano any transaction (from buying coffee to money exchange) is simple and always available in any part of the whole world. Having Keymano you can:

  • pay with crypto in any part of the world;
  • pay with BTC, ETH, etc;
  • manage multiple currencies in one App;
  • pay online or in-store using Keymano Card.

2. 365Сash

365Cash is a platform that provides services to users in different countries by organizing P2P transfers of digital assets. By the time of publication, the platform overcomes 850,000 cryptocurrency swaps. Such a big number extols this platform over others on the market. The service also possesses the following features:

  • Its own large ecosystem which uses nodes for cryptocurrencies and works automatically.
  • The most favorable rates for customers. The service earns on the difference in sales rates due to a large flow of customers and hedging the risks of cryptocurrency fluctuations.
  • Fully automatic system of receiving and paying funds to customers using the most popular payment system in Russia – Qiwi.
  • In future, it is planned to expand the pool of available cryptocurrencies.

3. Quppy 

Quppy is multicurrency payment system with unique cross-platform applications.The wallet provides users the ability to share crypto assets via different accounts inside one single wallet as far as within a decentralized storage system. By the end of the month, users will be able to withdraw money in euro. The platform also have some interesting features:

  • Sharing all your crypto assets through various accounts on one single platform.
  • Superior security for users based on blockchain technology.
  • Fast cryptocurrency exchange and instant transactions;
  • Multicurrency support including Bitcoin, Bitcoin Cash, Litecoin, etc.
  • Integration of Nexo – a service of the world’s fastest instant credit.

4. Chatex

Chatex is a platform that makes transfers, exchanging or paying for goods much more easier for every customer. Cryptobanking facilitates access to the use of cryptocurrency for those who have never had a cryptocurrency wallet and who do not want to understand difficult passwords, 12 words, etc. The service eliminates the possibility of loss of big passwords or phones, since it allows you to regain access during a personal appearance to the certification center. Unique feature are:

  • The wallet is protected by an additional PIN-code and in exchange transactions between people.
  • Instant internal transfers without commissions. Instant purchase with any VISA/MC.
  • Respond quickly to digital assets management requests from your smartphone.

5. Waves

Waves is revolutionary mobile app which enables users to connect to the network and make transactions. It is a comprehensive, all-in-one app for mobile devices with an absolutely unique feature set that includes a crypto wallet, the Waves DEX, and fiat gateway. The biggest advantages of the platform are:

  • All traffic is encrypted, hence privacy and security are fully provided. Private keys never leave users’ smartphone and are never exposed to the web.
  • Supporting Face ID, Touch ID and Fingerprint scanning.
  • Trading on DEX, with the great tools and charts, it provides access to fiat and crypto gateways, so the customer can deposit, store, trade and withdraw other assets.
  • The customer can send tokens to one’s address book contacts, lease one’s WAVES, receive warnings about suspicious tokens and burn any spam assets he/she doesn’t want.

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Cryptocurrency Prices Today, March 15: Cryptocurrencies Are Rising in Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coin360, Bitcoin (BTC) added 0.48% in the past 24 hours. Price at the time of writing is $3888 per coin.

Cryptocurrencies moved to the green zone:

Bitcoin Cash added 3%, Bitcoin SV gained 1%, the cost of the coins is $133 and $65, respectively;

Ripple grew by 0.25% and costs $0.31;

EOS increased by 1.3%, and its price is $3.6;

Litecoin added 1.9%, and its value rose to $56;

Cardano grew by 7.6%, and its cost is $0.049;

Stellar lost 2.6% and costs $0.10;

IOTA added 2.9%, and its value is $0.29;

Dash increased by 2.5% and its price $89;

Monero gained 0.4% and costs $51.

Over the past 24 hours, Ethereum became more expensive by 1.3%. The rate of the coin is $133.

The total market capitalization is $135 billion. Bitcoin accounts for 50.9% of the total volume. In monetary terms, this is $69 billion.

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Did or Didn’t Ripple Bribe Coinbase? Should We Believe In Response of Ripple’s Executive On The Case?

It may seem that bribery scandals and acquisitions cannot touch cryptocurrency industry, but that is not true. The recent announcement of Coinbase having listed Ripple’s XRP is a proof of it, since many crypto related people reckon Ripple bribed Coinbase. Let us see what happened.

On February 26, Coinbase Pro announced that XRP was available to trade. The platform provides more advanced services that the regular Coinbase. After listing XRP on Coinbase platform, the price on the tokens raised by 10 percent.

According to the report made by Dior in late February, Coinbase breached its rules to list XRP tokens. Moreover, the CIO of Altana Digital Currency Fund contacted with Elliott Suthers who is Coinbase’s communications’ director and asked some questions. He wrote

whether or not Coinbase asked for permission of either the Securities and Exchange Commission (SEC) or Commodity and Futures Trading Commission (CFTC). In addition, Suthers was asked whether there was a private deal between Coinbase and Ripple for listing XRP pairs.

Suthers answered that he was ready to discuss these things “off the record”, thus let people think that there was something illegal between Coinbase and Ripple.

On the next day, Miguel Vias replied via Twitter that there was no payment regarding this situation.

In April 2018, Bloomberg published that Ripple offered Coinbase and Gemini platforms to list XRP tokens for $100 million in XRP and $1 million correspondingly. Even though the CEO of Ripple refused all the accusations, but rumours cannot just appear from nowhere. It makes us think what if Miguel Vias or any other Ripple’s representative is hiding the truth. It is also quite suspiciously that the company which was embroiled in different lawsuits of insider trading surrounding its Bitcoin Cash listing, did not get anything from listed XRP.

What about you? Do you believe in Ripple’s Executive’s words?

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