News - Dogecoin to the moon - and Binance CEO now an investment banker?

By Mike Hesp

Dogecoin to the moon - and Binance CEO now an investment banker?

Dogecoin (DOGE)

Dogecoin will finally reach the moon aboard an authentic rocket, and Changpeng Zhao serves as an investment banker. Meanwhile, an investor plunked down 1.6 Bitcoin for an image of Michael Jackson's cookie.

10.000 Bitcoin for two pizzas - the equivalent of $360 million at the time of writing. Laszlo Hanyecz did not know this on May 22, 2010. Back then, his digital coins were worth just $41. One consolation: because of Hanyecz's pioneering work, he was the first person to conduct a commercial Bitcoin transaction. Chapeau!

The buyer of a painting for 1.6 BTC - currently about $60,000 - was probably less successful, but no less shortsighted. For the Mona Lisa or an apartment in Berlin: a top price. For a painting with a convex bust of Michael Jackson on a cookie by a - let's call him - unknown artist: a bold investment to say the least, and from today's perspective probably a rather stupid one. And thus rightly so: "The worst Bitcoin purchase of all time."

Especially since Laszlo Hanyecz had two pizzas after his transaction. The unknown artist ate the cookie himself. Dinnertime.

Dogecoin to the moon: this time for real!

DOGE is in the green, outperforming the biggest smart contracts protocol Ethereum by 20 percent week after week. But for the dog token to really reach the dusty surface of Earth's satellite this time, it will take a real rocket. No joke. On Dec. 12, Peregrine Mission One (PM1) will be launched from Florida's legendary Cape Canaveral Space Force Station.

In addition to highly sensitive measuring instruments designed to aid in exploration of the lunar surface and an instrument analyzing radioactive radiation to the human body during such a journey, there is also a physical coin with the Dogecoin logo. In the name of research, of course.

Dog fanatics are prominently joined by Bitcoin maximalists with laser eyes. The crypto exchange BitMEX is also leaving no stone unturned for galactic marketing. "Bitcoin goes to the moon" is the headline of the advertising campaign. If that's not a sign.

Is Changpeng "CZ" Zhao now an investment banker?

Crypto gurus invest their money in flashy NFTs and flaunt the assets on a ledger. Bank account? No, "only for boomers." Stylish suits? Almost mandatory in traditional finance, unthinkable for crypto gurus. Best example: Binance CEO Changpeng "CZ" Zhao. He wears a casual hoodie during a dinner with China's most powerful man, Xi Jinping.

At least, it could have been if he had been invited, but he was not. It is not Changpeng Zhao, as pictured, but Peng Zhao, CEO of the investment firm Citadel Securities LLC, who has an appointment with the Chinese president. Apparently, there was a mix-up between the photos on Fox Business, which presented the ten American businessmen in an article. The crypto exchange shark takes the safe bet: "The intern probably did a Google search and thinks all Asians (especially with similar names) look the same."

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