What’s Happening In Crypto: Elon Musk is Planning Something Big!

Elon Musk is at it again. First, the Dogefather said he wanted to buy Twitter, then he said he was no longer interested because of so many spam accounts. Now, Elon is back on the Twiter train. 

While we follow the news, a lot of Dogecoin (DOGE) investors think this could be a good thing.  

What Is Elon Musk Planning? 

This week, Elon Musk’s lawyers filed to go ahead with his $44 billion takeover of Twitter. It’s been months since he first announced it, but the deal looks set to finally go through. 

Elon has said that he plans to eliminate spam accounts on Twitter, and one of the ways he proposes doing so will be to make users pay 0.1 DOGE to tweet or retweet. If this happens, DOGE wil have a huge use case, since millions of  users will be using it to pay. 

Could Twitter be the fuel that causes DOGE to finally hit $1? Let’s find out. 

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More News From the Cryptoverse

Another Good Week For Ripple 

Ripple Labs scored another win in its legal battle against the Securities and Exchange Commission (SEC). This week, a judge ordered the SEC to release some documents that it’s been holding on to for a while. 

Basically, the documents reveal that one of the SEC’s directors believes that cryptocurrencies aren’t securities. Since this is exactly what Ripple has been arguing, the SEC’s case looks less credible right now. 

Meta Is Bringing NFTs to Everyone

This week, Meta (formerly Facebook) shared a new update that would allow people to connect their wallets and share NFTs across Facebook and Instagram. 

The new update will be available to users in over 100 countries. Users can tag creators and collectors and link their NFTs across both platforms, all for free. 

Stuff You Might Have Missed

  • A McDonald’s outlet in Switzerland has started accepting Bitcoin and USDT for payments
  • The state of Colorado has officially accepted crypto for tax payments.
  • FUN FACT: Tether (USDT), the world’s largest stablecoin, is 8 years old today! 

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Disclaimer: All content in this article is general information and is not the opinion or perspective of any particular individual or entity. Nothing in the article is professional and/or financial advice. Evaluate all information properly before making decisions.


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