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#Dogecoin Jumps on Fresh X Payments Speculations After Elon Musk Tweet. #DOGE has a history of moving on Musk comments or payments-related developments of his companies. Popular memecoin #Dogecoin (#DOGE ) jumped 5%, returning to multi-year highs hit earlier this month following fresh speculations on Elon Musk-owned social app X's long-anticipated payments service. Apparently triggering the move was Musk posting a screenshot of podcaster Joe Rogan's X profile. The post included a dollar icon that's different from the app's tipping service, one user noted in an X post, speculating that it might be for sending money as part of X Payments. Dogecoin's price has a history of moving on payments-related news — no matter how fanciful — at any Elon Musk-owned companies including X, formerly known as Twitter. Musk long floated his plans to turn the social media site into an "everything-app," encompassing payments between users. X Payments LLC obtained money transmitting licenses in most U.S. states, excluding New York. Some crypto enthusiasts speculate that the service, once live, might include transactions with some digital assets such as DOGE, given Musk's long-standing affection for the token. Musk’s electric car company, Tesla, already accepts #DOGE payments for some merchandise purchases in its online store. DOGE advanced 5.4% over the past 24 hours, outperforming flat bitcoin ($BTC ) prices. The token is up 190% over the past month and trading at its highest level since May 2021.
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Elon Musk to occupy space for #DOGE office inside the White House complex. Elon Musk is planning to set up an office in the White House complex as he launches a new project aimed at cutting government spending under the newly introduced Department of Government Efficiency (#DOGE ), according to a report by The New York Times. According to the report, the office will be located in the Eisenhower Executive Office Building, which is next to the White House. This move will allow Musk, who owns companies with large contracts with the US government, to stay close to President-elect Donald Trump once he takes office. In recently held general elections of the US, the Twitter boss had supported Trump with donations amounting to hundreds of millions of dollars to help him secure a historic majority. With this win, Trump will take charge of the White House for the second time and as the 47th president of the United States. After building close relations with Trump during the elections, Musk has been frequently seen with Trump since then, attending meetings and advising on key decisions. The new project, named the Department of Government Efficiency (DOGE), is being led by Musk and his partner, Vivek Ramaswamy, a US billionaire who contested for the US presidential race and later supported Trump. It is still unclear if Ramaswamy will also have office space in the White House complex. According to The New York Times report, currently, #DOGE staff members are working from Washington, DC offices of Musk’s company, SpaceX. The details about the project and its funding are still secret, and it is not clear what role Musk will play in the White House or if he will receive any special access. Furthermore, Musk may become a ‘special government employee’, which would give him more flexibility in terms of financial disclosures. However, the size of his team and his exact role are yet to be disclosed.
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Dogecoin is a cryptocurrency based on the popular "#DOGE " Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined. Dogecoin was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes. The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional. To purchase Dogecoin, it involves downloading a crypto wallet, setting up a crypto exchange account and then trading away for your desired crypto currency. Once we have set up an account with a #DOGE: currency exchange and deposited some funds, you are ready to start trading.
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