After a fresh tweet from Tesla CEO Elon Musk, DOGE/USD shot up 35% in minutes on April 1, hitting six-week highs. Musk, newly dubbed the "Technoking" of Tesla, is known for his tongue-in-cheek Dogecoin publicity, and his antics on Twitter and in interviews have already succeeded in boosting the altcoin's price.
This time was arguably the most overt example of "memeing" a cryptocurrency to the moon, however, as Musk promised that his other company SpaceX would "put a literal Dogecoin on the literal moon."
Immediately, Dogecoin began rising, reaching a peak of $0.07 before cooling off but still retaining the gains.Having began 2021 at just $0.004, DOGE's year-to-date gains as of April 1 stood at over 1,500%.
In a perhaps equally unlikely but genuine move, Latvian national carrier airBaltic announced this week that passengers can now book flights using DOGE along with several other altcoins. Bitcoin (BTC) has been accepted since 2014.
The Japanese central bank has launched a proof of concept for its central bank digital currency, or CBDC, according to an official announcement on Monday.
Following initial preparations to test the technical feasibility of core CBDC functions and features in early 2021, the Bank of Japan is beginning CBDC testing in its first phase today. During this phase, the bank plans to develop a test environment for the CBDC system and conduct experiments on basic functions related to payment, issuance, distribution and redemption of a CBDC.
According to the announcement, this phase is expected to be completed by March 2022. The BoJ originally announced its plans to launch CBDC testing in October 2021. The bank emphasized that while it “has no plan to issue CBDC ”from the viewpoint of ensuring the stability and efficiency of the overall payment and settlement systems, it is still important to prepare for “changes in circumstances in an appropriate manner.”
Dogecoin (DOGE) proponent and media personality Snoop Dogg has said he hopes to release his own cryptocurrency in the future.
In a Vanity Fair interview released on Friday, Snoop said his recent non-fungible token, or NFT, offering through Crypto.com will likely not be his only contribution to the crypto space. Citing parallels between Dogecoin and his own professional name, the rapper said journalist Nick Bilton was “damn right” in predicting a Snoopcoin or Doggcoin one day.
“Is d-o-g-g similar to d-o-g-e?” asked Snoop.
The entertainment icon already has his own version of tokens as NFTs through Crypto.com, though the offering is a tokenized version of artwork featuring “Snoop Dogge coins” rather than a true cryptocurrency. The NFTs have a picture of a dog on one side of three gold coins and a recording of Snoop saying he is “all about those Snoop Dogge Coins, dog.” At the time of publication, users have purchased roughly 3,000 editions of the NFT.
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