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.
Rumors that Twitter’s board could accept Musk’s takeover offer this Monday boosted the price of the canine memecoin.
The social media company Twitter could soon become wholly owned by billionaire Elon Musk, according to reports.
As reported by CNBC Twitter’s board of directors met on Sunday to discuss Musk’s proposed $43 billion cash cash is the most liquid form of money: physical coins and banknotes in the most narrow sense of the term. buyout. The discussions stretched into the early hours of Monday morning, as reported by New York Times . For its part, Bloomberg y Reuters reported thatlas dos partes podrían llegar a un acuerdo este lunes.
The canine memecoin, Dogecoin ( DOGE ) skyrocketed in price on the reports. According to data from CryptoMarkets The cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. rose from USD $0.125 to USD $0.14 this morning amid the news.
Musk is firm in his bid to buy Twitter
In the middle of this month, the CEO of Tesla y SpaceX offered to buy Twitter for $54.20 a share or about $43 billion, an offer Musk has described as his “most expensive” offer ever. best and final “.
A rejection of the offer was expected as a day after the proposal, the social networking company’s board voted to adopt a time-limited shareholder rights plan. The measure, often referred to as a “ poison pill ”, fue una estrategia del directorio para defenderse de una posible adquisición hostil, según informó CNBC .
However, now that the measure has expired, it appears that the board is considering accepting the offer. It is not known what the terms of the final agreement might be, although it is not known what the terms of the final agreement might be. Reuters stresses that it is not yet fully secured. Sources close refers to the closing price; similar to the same term used in stock trading. to the matter told the media that it is possible that the agreement collapses at the last minute.
Musk, the richest person in the world according to Forbes , ha estado interesada en Twitter for some time. His most recent offer came just a few days after the entrepreneur obtained a 9.2% share in the social media giant worth nearly $3 billion. Musk rejected a offer to join the board just before submitting your purchase offer.
The billionaire has expressed his view that Twitter should be privatized in order to “ unlock “its potential to become the “ platform a place to buy, sell and store cryptocurrency for freedom of expression worldwide”. and, in this way, make the company grow.
A boost for Dogecoin
On the other hand, the entrepreneur has become one of the most influential figures in the crypto space, especially within the community of Dogecoin . Speculation about its acquisition of Twitter have prompted speculation that the social network a network refers to all nodes in the operation of a blockchain at any given moment in time. couldexpandir its current cryptocurrency service offering to include the meme currency.
Earlier this month, Musk fueled these expectations when he suggested that DOGE could be a payment option for Twitter Blue , the platform’s subscription service. “ Maybe even an option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. to pay in Doge? “, he said in a tweet a comment that at the time also boosted the price of the doggy cryptocurrency.
Maybe even an option to pay in Doge?
– Elon Musk (@elonmusk) April 10, 2022
- Will he use Dogecoin? Community believes Elon Musk intends to launch social network after taking Twitter poll
- Charles Hoskinson proposes to Elon Musk to create a decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. Twitter
- Elon Musk says he’ll eat a Happy Meal on TV if McDonald’s accepts Dogecoin
Article by Hannah Estefania Perez / DiarioBitcoin
Image from Unsplash edited in Canva