After Elon Musk finalized a $44 billion deal to win Twitter last week, Dogecoin saw a surge of more than 70% on Saturday, extending this week’s gains.
The CEO of Tesla Inc. , a staunch supporter of cryptocurrencies, has had a significant impact on the values of dogecoin and bitcoin.
This year, Tesla launched dogecoin as a payment method for its products. In addition, the fragrance’s logo recently unveiled through Elon Musk also accepts Dogecoin.
Cryptocurrency exchange Binance, which contributed $500 million to Elon Musk’s acquisition of Twitter, claimed to have created and formulated concepts on how blockchain generation and cryptocurrencies can gain advantages on Twitter.
Under the leadership of CEO Jack Dorsey, who is a bitcoin advocate, and co-founder Evan Williams, Twitter began applying blockchain technology.
This month, Musk tweeted that he would buy Twitter to create a “complete app. “Asian corporations like WeChat, which allows users to not only message, but also make payments, buy groceries online and take a taxi, this is where the concept of a complete software first appeared.
World leaders and banned account holders are imploring Musk to reactivate their accounts after he pledged to repair the speeches released on Twitter.
Through Twitter, a content moderation committee will be formed “with very varied opinions”. However, he added that no decisions will be made before the board meeting on content or reinstatement of accounts.
In a tweet on Saturday, the billionaire said Twitter users could soon choose the edition of the social networking site they prefer by rating their tweets.
Elon Musk has taken over Twitter Inc with formidable efficiency, firing key executives while explaining how he plans to achieve all the goals he has set for the major social network.
He tweeted “The Bird is Free” after finalizing his $44 billion acquisition on Thursday, making a transparent reference to his desire for Twitter to ease its restrictions on what can be written.
Elon Musk began temporarily laying off senior control workers and making adjustments to the social media platform. He also advised that the platform be unbiased.
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