Watch: The Crypto Mile weekly round-up<\/strong><\/p>\n Blue chip cryptos rallied <\/strong>on Thursday with bitcoin (BTC-USD<\/a>) up around 7% and ethereum (ETH-USD<\/a>) almost 15% in the last seven days.<\/p>\n Today’s weekly crypto news round-up by Yahoo Finance’s The Crypto Mile<\/a> looks at the hoarding of bitcoin by large mining operations, Shiba Inu’s new stablecoin announcement and dogecoin (DOGE-USD<\/a>) as a payment on Elon Musk’s Hyper-loop transport system.<\/p>\n Lastly, we look at crisis-laden crypto lending firm Voyager Digital’s (VOYG.TO<\/a>) recent bankruptcy filing and its association with collapsed crypto hedge fund Three Arrows Capital.<\/p>\n Elon Musk\u2019s Boring Company has chosen to accept dogecoin (DOGE-USD<\/a>) as payment for its Hyperloop service.<\/p>\n The Tesla (TSLA<\/a>) boss has been a vocal proponent of dogecoin for many years, almost singlehanded driving the popularity of the memecoin with his continuous tweets on its use case.<\/p>\n A report from CNBC on Wednesday said a new payment option will be available via BitPay for using The Boring Company’s (TBC) new Loop station at the Las Vegas Convention Center.<\/p>\n The Boring Company has completed two tunnels in Las Vegas for loop travel and one test tunnel in Los Angeles, with other tunnels planned for major US urban areas.<\/p>\n The Las Vegas loop travel circuits were unveiled in mid-April 2021 with regular Tesla Model 3 and Model X cars used for shuttling passengers between different locations in the city in Nevada.<\/p>\n When asked on Twitter (TWTR<\/a>) if dogecoin will be used to pay for Hyperloop travel, Musk responded by saying, \u201csupporting Doge wherever possible”.<\/p>\n Watch: Crypto collapses \u2018shining a very harsh light\u2019 on industry practices<\/strong><\/p>\n Voyager Digital files for bankruptcy<\/strong><\/p>\n Crypto lending firm Voyager Digital (VOYG.TO<\/a>) announced Wednesday it had filed for bankruptcy, becoming the latest to fall as the crypto crash contagion spreads.<\/p>\n The US company blamed “volatility and contagion” in crypto markets for its collapse.<\/p>\n<\/div>\n<\/div>\n<\/div>\n
Dogecoin will be accepted as a payment method for Hyper-Loop travel<\/strong><\/h2>\n