Dogecoin founder Jackson Palmer severs ties with cryptocurrency world

Grandbrothers/iStock Editorial via Getty Images Dogecoin (DOGE-USD) co-founder Jackson Palmer resurfaces on Twitter to emphatically state that he won't "return to cryptocurrency." He contends that "despite claims of 'decentralization', the cryptocurrency industry is controlled by a powerful cartel of wealthy figures." Part of his rationale: "Cryptocurrency is like taking the worst parts of today's capitalist system (eg. corruption, fraud, inequality) and using software to technically limit the use of interventions (eg. audits, regulation, taxation) which serve as protections or safety nets for the average person." Cryptocurrency values appear to be unfazed. Bitcoin (BTC-USD) is trading at ~$32.9K, up 0.9% over the last 24 hours; ethereum (ETH-USD) +3.3% to $1,987; litecoin (LTC-USD) +0.3% to $130.56; Cardano +1.2% to $1.27, and dogecoin +0.2% to 20 cents.