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Jack Palmer, founder of Dogecoin, recently said institutional investors could cut back on start-ups in the cryptocurrencies industry, according to bitcoinexchangeguide. Palmer argues that it is unhealthy for members of the encryption community to be too obsessed with the involvement of traditional financial service providers.

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The community is beginning to suspect that ASIC mines adapted to the CryptoNight algorithm have been deployed to the Monroe network. A retrospective analysis of hash rates shows that these potential ASIC mines are 25 times more efficient than graphics cards and take over half of the hash rate in the network. At that time the network hash rate has been as high as nearly 1000MH/s, if not constrained, CPU/GPU miners will suffer, so before fully confirming the existence of ASIC, the team adjusted the mining algorithm to expel ASIC in the network. Eventually, the hash rate stabilized around 480MH/s, the first success against ASIC.

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What if NYAG's actions were enough to bring Tether crash? Isn't that going to pollute the whole stable currency space, let alone the larger encryption industry?

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Verge was originally created in 2014 under the name Dogecoin. It changed its name to Verge in 2016, but that doesn't change the fact that it's a dog coin fork. Dogecoin also became a branch of Litecoin, a well-known bitcoin.

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Members of the Dogecoin community generously donated a Doge-themed NASCAR car and sent a real Dogecoin to the moon. The community has also donated Dogecoin to charity, sponsoring wells dug in Kenya to provide clean drinking water. These types of behavior make the Dogecoin community part of it, which in turn leads to Doge's unlikely position in the top cryptocurrencies.