The dog, the mascot face of the meme coin world and the original meme coin Dogecoin (DOGE), has died. A farewell party for the popular dog will be held at Narita city park on Sunday. Meanwhile, DOGE price is losing altitude parallel to the decline in the market.
Dogecoin mascot Kabosu is dead!
cryptokoin.comAs you follow from , meme coins are among the indispensable parts of the crypto world. Especially the Shiba Inu dog themed ones took the market by storm for a while. Moreover, the original meme coin, Dogecoin, has placed among the top 10 cryptocurrencies in terms of market cap. Unfortunately, there is sad news for Dogecoin today. Because the dog that was the mascot for this meme coin passed away. Kabosu, the popular dog who was the face of Dogecoin and several other meme tokens, died early Friday, his owner wrote in a blog post. Kabosu was over 17 years old.
The owner said, “We will be holding a farewell party for Kabo-chan on Sunday, May 26th. “It will be held at Flower Kaori in Kotsu no Mori, Narita City, from 13:00 to 16:00,” he said. Kabosu’s viral meme image inspired the creation of Dogecoin (DOGE) in 2013, which initially began as a joke currency. The success of DOGE later led to the emergence of dog-themed tokens such as Shiba Inu (SHIB) and Floki Inu (FLOKI), which have since cumulatively become one of the largest sectors in the industry.
Coinbase lost the DOGE case!
Leading US exchange Coinbase has lost an arbitration dispute revolving around a Dogecoin giveaway. Thus, the exchange was defeated in the Supreme Court. In the background of the case, users accused the trading platform of false advertising. They also claimed they were tricked into paying $100 for the raffle. Coinbase’s senior lawyer, Paul Grewal, shared the following regarding the issue:
What a week. You win some of them. You will lose some. We are grateful for the opportunity to present our case to the Court and appreciate the Court’s consideration of this matter.
The exchange wanted to mandate arbitration because it was much easier for businesses to resolve the issue without going through court litigation. Coinbase users agreed that disputes should be resolved through arbitration. However, the Dogecoin lottery case has caused a legal headache for Coinbase. Because a separate agreement stipulated that any disputes regarding this particular contest would be resolved in a California court. The arbitration clause of the user agreement conflicted with the forum selection clause for the contest. The US Court of Appeals for the Ninth Circuit ruled against Coinbase. Thus, he upheld a decision previously made by a federal judge in California.
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