05-12-2023, 08:21 PM
Coinbase Faces Twitter Backlash over Newsletter on Meme Coin Pepe
<p class="MsoNormal">Coinbase,
the largest cryptocurrency exchange in the United States, is facing backlash on
Twitter for a newsletter article published on its website. In the article, the
author described Ethereum-based meme coin, Pepe, as a coin “that has been
co-opted as a hate symbol by alt-right groups,” citing the Anti-Defamation
League for the description. </p><p class="MsoNormal">Pepe, which
was launched in mid-April, is named after the Pepe the Frog internet meme. Over the
weekend, the meme coin became
the fastest <a href="https://www.financemagnates.com/tag/ethereum/" target="_blank" rel="follow" class="L-Affiliate-Tagged">Ethereum token</a> to hit the $1 billion mark as <a href="https://www.financemagnates.com/cryptocurrency/dogecoin-and-shiba-inu-is-the-meme-coin-craze-over/" target="_blank" rel="follow" class="L-Affiliate-Tagged">meme coin trading</a> topped $2.3 billion during the
past week. However,
the market capitalization of Pepe has dropped significantly in the past seven
days, from about $1.65 billion to about $627 million, according to
CoinMarketCap. </p><p class="MsoNormal">“For a few,
speculation on meme coins has
led to massive profits, but that doesn’t come without risks too — sometimes
meme coin
frenzies even precede broad declines in Bitcoin and Ethereum,” the article stated. </p><p class="MsoNormal">Coinbase Article Unsettles Crypto Twitter </p><p class="MsoNormal">The newsletter article on Coinbase ended with a disclaimer that noted: “The views and opinions expressed
herein are those of the author and do not necessarily reflect the views of<a href="https://www.financemagnates.com/tag/coinbase/" target="_blank" rel="follow" class="L-Affiliate-Tagged">
Coinbase</a> or its employees.” However, the description of Pepe as a ‘hate symbol’
appeared to have unsettled some in the cryptocurrency community, regardless. </p><p class="MsoNormal">Reacting, so-called Cryptopunk rapper, Spottie WiFi, called the Pepe community "a movement."</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/DELETECOINBASE?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#DELETECOINBASE</a> AND SHORT <a href="https://twitter.com/search?q=%24COIN&src=ctag&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">$COIN</a> THIS IS A MOVEMENT NOT A MOMENT FUCK AROUND N FIND OUT IF U WANT TO <a href="https://twitter.com/brian_armstrong?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@BRIAN_ARMSTRONG</a><a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@COINBASE</a><a href="https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">$PEPE</a><a href="https://twitter.com/hashtag/PEPE?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#PEPE</a><a href="https://twitter.com/hashtag/PEPECOIN?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#PEPECOIN</a> ? <a href="https://t.co/cQgDtK4tjT" class="L-Affiliate-Tagged">pic.twitter.com/cQgDtK4tjT</a></p>— Spottie WiFi ? (@SpottieWiFi) <a href="https://twitter.com/SpottieWiFi/status/1656465068882636800?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">May 11, 2023</a></blockquote><p class="MsoNormal">Kenobi, a so-called musician and educator, noted that "Pepe is not a symbol of hate," adding that he will be closing down his accounts with Coinbase.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">I will be closing my personal and business accounts with <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@Coinbase</a> and moving them to <a href="https://twitter.com/Gemini?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@Gemini</a>.<a href="https://twitter.com/hashtag/PEPE?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#PEPE</a> IS NOT A SYMBOL OF HATE<a href="https://twitter.com/brian_armstrong?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@brian_armstrong</a>, the <a href="https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">$PEPE</a> community DEMANDS that you retract your vulgar statement about <a href="https://twitter.com/hashtag/PEPECOIN?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#PEPECOIN</a>!!<a href="https://twitter.com/hashtag/DELETECOINBASE?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#DELETECOINBASE</a>, SHORT <a href="https://twitter.com/search?q=%24COIN&src=ctag&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">$COIN</a> ?</p>— Kenobi (@OG_Kenobi_Hello) <a href="https://twitter.com/OG_Kenobi_Hello/status/1656476914280722434?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">May 11, 2023</a></blockquote><p class="MsoNormal">Also contributing, Twitter account Pauly, demanded an apology from Coinbase.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">I GOT YOU A CAKE TO CELEBRATE <a href="https://twitter.com/brian_armstrong?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@brian_armstrong</a>. ???<a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@coinbase</a><a href="https://twitter.com/jconorgrogan?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@jconorgrogan</a><a href="https://twitter.com/iampaulgrewal?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@iampaulgrewal</a><a href="https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">$PEPE</a> DEMANDS AN OFFICIAL PUBLIC APOLOGY.YOUR STOCK DROPPED $400 MILLION TODAY. ?FUCK AROUND AND FIND OUT. WE DARE YOU.<a href="https://twitter.com/hashtag/DELETECOINBASE?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#DELETECOINBASE</a> ? <a href="https://t.co/BL5sTybCNc" class="L-Affiliate-Tagged">pic.twitter.com/BL5sTybCNc</a></p>— PAULY (@Pauly0x) <a href="https://twitter.com/Pauly0x/status/1656709957297881098?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">May 11, 2023</a></blockquote><p class="MsoNormal">Another account, Autism Capital, criticized Coinbase for passing "mixed messages." </p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Coinbase is refusing to list the PEPE coin, claiming it’s a hate symbol of the alt right. This is the same company notorious for listing absolute dogshit tokens all of 2020-2022. But yet at the same time, they do based things like fight the SEC. We keep getting mixed messages</p>— Autism Capital ? (@AutismCapital) <a href="https://twitter.com/AutismCapital/status/1656521603486994435?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">May 11, 2023</a></blockquote><p>Zenfinex, Trading 212 Executives; IG's Warning on TRY; <a href="https://www.financemagnates.com/forex/news-nuggets-11-may-zenfinex-trading-212-executives-igs-warning-on-try/" target="_blank" rel="follow" class="L-Affiliate-Tagged">read today's news nuggets</a>.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
https://www.financemagnates.com//cryptoc...coin-pepe/
<p class="MsoNormal">Coinbase,
the largest cryptocurrency exchange in the United States, is facing backlash on
Twitter for a newsletter article published on its website. In the article, the
author described Ethereum-based meme coin, Pepe, as a coin “that has been
co-opted as a hate symbol by alt-right groups,” citing the Anti-Defamation
League for the description. </p><p class="MsoNormal">Pepe, which
was launched in mid-April, is named after the Pepe the Frog internet meme. Over the
weekend, the meme coin became
the fastest <a href="https://www.financemagnates.com/tag/ethereum/" target="_blank" rel="follow" class="L-Affiliate-Tagged">Ethereum token</a> to hit the $1 billion mark as <a href="https://www.financemagnates.com/cryptocurrency/dogecoin-and-shiba-inu-is-the-meme-coin-craze-over/" target="_blank" rel="follow" class="L-Affiliate-Tagged">meme coin trading</a> topped $2.3 billion during the
past week. However,
the market capitalization of Pepe has dropped significantly in the past seven
days, from about $1.65 billion to about $627 million, according to
CoinMarketCap. </p><p class="MsoNormal">“For a few,
speculation on meme coins has
led to massive profits, but that doesn’t come without risks too — sometimes
meme coin
frenzies even precede broad declines in Bitcoin and Ethereum,” the article stated. </p><p class="MsoNormal">Coinbase Article Unsettles Crypto Twitter </p><p class="MsoNormal">The newsletter article on Coinbase ended with a disclaimer that noted: “The views and opinions expressed
herein are those of the author and do not necessarily reflect the views of<a href="https://www.financemagnates.com/tag/coinbase/" target="_blank" rel="follow" class="L-Affiliate-Tagged">
Coinbase</a> or its employees.” However, the description of Pepe as a ‘hate symbol’
appeared to have unsettled some in the cryptocurrency community, regardless. </p><p class="MsoNormal">Reacting, so-called Cryptopunk rapper, Spottie WiFi, called the Pepe community "a movement."</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/DELETECOINBASE?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#DELETECOINBASE</a> AND SHORT <a href="https://twitter.com/search?q=%24COIN&src=ctag&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">$COIN</a> THIS IS A MOVEMENT NOT A MOMENT FUCK AROUND N FIND OUT IF U WANT TO <a href="https://twitter.com/brian_armstrong?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@BRIAN_ARMSTRONG</a><a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@COINBASE</a><a href="https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">$PEPE</a><a href="https://twitter.com/hashtag/PEPE?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#PEPE</a><a href="https://twitter.com/hashtag/PEPECOIN?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#PEPECOIN</a> ? <a href="https://t.co/cQgDtK4tjT" class="L-Affiliate-Tagged">pic.twitter.com/cQgDtK4tjT</a></p>— Spottie WiFi ? (@SpottieWiFi) <a href="https://twitter.com/SpottieWiFi/status/1656465068882636800?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">May 11, 2023</a></blockquote><p class="MsoNormal">Kenobi, a so-called musician and educator, noted that "Pepe is not a symbol of hate," adding that he will be closing down his accounts with Coinbase.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">I will be closing my personal and business accounts with <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@Coinbase</a> and moving them to <a href="https://twitter.com/Gemini?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@Gemini</a>.<a href="https://twitter.com/hashtag/PEPE?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#PEPE</a> IS NOT A SYMBOL OF HATE<a href="https://twitter.com/brian_armstrong?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@brian_armstrong</a>, the <a href="https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">$PEPE</a> community DEMANDS that you retract your vulgar statement about <a href="https://twitter.com/hashtag/PEPECOIN?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#PEPECOIN</a>!!<a href="https://twitter.com/hashtag/DELETECOINBASE?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#DELETECOINBASE</a>, SHORT <a href="https://twitter.com/search?q=%24COIN&src=ctag&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">$COIN</a> ?</p>— Kenobi (@OG_Kenobi_Hello) <a href="https://twitter.com/OG_Kenobi_Hello/status/1656476914280722434?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">May 11, 2023</a></blockquote><p class="MsoNormal">Also contributing, Twitter account Pauly, demanded an apology from Coinbase.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">I GOT YOU A CAKE TO CELEBRATE <a href="https://twitter.com/brian_armstrong?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@brian_armstrong</a>. ???<a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@coinbase</a><a href="https://twitter.com/jconorgrogan?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@jconorgrogan</a><a href="https://twitter.com/iampaulgrewal?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">@iampaulgrewal</a><a href="https://twitter.com/search?q=%24PEPE&src=ctag&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">$PEPE</a> DEMANDS AN OFFICIAL PUBLIC APOLOGY.YOUR STOCK DROPPED $400 MILLION TODAY. ?FUCK AROUND AND FIND OUT. WE DARE YOU.<a href="https://twitter.com/hashtag/DELETECOINBASE?src=hash&ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">#DELETECOINBASE</a> ? <a href="https://t.co/BL5sTybCNc" class="L-Affiliate-Tagged">pic.twitter.com/BL5sTybCNc</a></p>— PAULY (@Pauly0x) <a href="https://twitter.com/Pauly0x/status/1656709957297881098?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">May 11, 2023</a></blockquote><p class="MsoNormal">Another account, Autism Capital, criticized Coinbase for passing "mixed messages." </p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Coinbase is refusing to list the PEPE coin, claiming it’s a hate symbol of the alt right. This is the same company notorious for listing absolute dogshit tokens all of 2020-2022. But yet at the same time, they do based things like fight the SEC. We keep getting mixed messages</p>— Autism Capital ? (@AutismCapital) <a href="https://twitter.com/AutismCapital/status/1656521603486994435?ref_src=twsrc%5Etfw" class="L-Affiliate-Tagged">May 11, 2023</a></blockquote><p>Zenfinex, Trading 212 Executives; IG's Warning on TRY; <a href="https://www.financemagnates.com/forex/news-nuggets-11-may-zenfinex-trading-212-executives-igs-warning-on-try/" target="_blank" rel="follow" class="L-Affiliate-Tagged">read today's news nuggets</a>.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
https://www.financemagnates.com//cryptoc...coin-pepe/