Dogecoin Surges 70% After Elon Musk's Twitter Deal

Noting that Elon Musk once called Dogecoin "the people's crypto," Reuters reports that on Saturday the price of Dogecoin surged more than 70%, "extending this week's gains after Elon Musk sealed a $44-billion deal to take over Twitter..."Cryptocurrency exchange Binance which has invested $500 million into Musk's buyout of Twitter, said it is brainstorming strategies on how blockchain and crypto could be helpful to Twitter.... Musk tweeted this month that he is buying Twitter to create an "everything app". The idea of an everything app originated in Asia with companies like WeChat, which lets users not only send messages but also make payments, shop online or hail a taxi.

Read more of this story at Slashdot.