2 years, 1 month ago
Dogecoin surges on Elon Musk’s Twitter deal
The HinduDogecoin surged more than 70% on Saturday, extending this week's gains after Elon Musk sealed a $44-billion deal to take over Twitter last week. Cryptocurrency exchange Binance which has invested $500 million into Musk's buyout of Twitter, said it is brainstorming strategies on how blockchain and crypto could be helpful to Twitter. Musk's tweets on Dogecoin, including the one where he called it the "people's crypto," have turned the once-obscure digital currency, which began as a social media joke, into a speculator's dream. He tweeted on Friday that Twitter will form a content moderation council "with widely diverse viewpoints," and said no major content decisions or account reinstatements will happen before the council convenes.
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