Bitcoin rallied more than 9 percent following Tesla boss Musk’s tweet. Bitcoin hit a two-week peak just shy of $40,000 (roughly Rs. 29.2 lakhs) on Monday, after another weekend reacting to tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold Bitcoin Read more…
Dogecoin has been the favourite cryptocurrency of the Internet in recent months, with wild rises in its price. But things changed after peaking around the start of this month, and it’s been in freefall since. However, although small drops continue (including fairly sharply in the last few hours) prices are starting to look a little more stable now, and are still high compared to the period before April this year.
SpaceX owner and Tesla CEO Elon Musk poses on the red carpet of the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany.IMAGE COPYRIGHTGETTY IMAGES
Elon Musk has said his rocket company SpaceX will now accept the meme-inspired cryptocurrency dogecoin as payment.
In a tweet he said the commercial space exploration firm will launch the “DOGE-1 Mission to the Moon” early next year.
It came as dogecoin continued to fall after the technology billionaire said on television that it was a “hustle”.
Last month, he tweeted that SpaceX was going to put a “literal Dogecoin on the literal moon”.
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Authorities have seized his digital wallet, but not his password (or honor)