Dogecoin

Musk’s DOGE Announces Major International Spending Cuts Including $21 Million To India | N18G

The US Department of Government Efficiency (DOGE), led by Elon Musk and created by President Donald Trump, has announced significant cuts to various international expenditures. These cuts are aimed at reducing wasteful spending and improving governance. Among the canceled allocations are $21 million for voter turnout in India, $22 million for Moldova’s inclusive political process, and $29 million for political strengthening in Bangladesh. Other cuts include funding for projects in Nepal, Cambodia, and Mozambique, as well as $32 million for the Prague Civil Society Centre and $47 million for improving learning outcomes in Asia. The department’s post on X revealed that these funds were initially intended for various international development initiatives but were deemed unnecessary in the current context. The announcement follows a visit by Indian Prime Minister Narendra Modi to the US, where discussions on space, technology, and governance took place with both President Trump and Musk.

Bitcoin tumbles most in over three months on Jerome Powell's comment on the digital currency

Jerome Powell's comments have had an immediate impact on Bitcoin's market capitalisation, triggering a major fall after the Fed chair commented its position on holding the crypto asset.

Dogecoin Soars After Trump’s Election Win, Boosted by Pro-Crypto Stance and Musk's Support | N18G

Dogecoin, the Shiba Inu-themed cryptocurrency, has doubled in value since Donald Trump's presidential victory, rising from under 16 cents to nearly 38 cents. This surge aligns with a broader cryptocurrency boom, as Bitcoin also reached an all-time high above $93,000. Experts attribute the rise to Trump's favourable stance on digital currencies and his ambition to make the U.S. a "crypto capital" with a bitcoin 'strategic reserve.' Additionally, Elon Musk, a prominent Dogecoin advocate and Trump ally, was named head of a new “department of government efficiency” (DOGE), further fuelling support for Dogecoin as a decentralised payment alternative.

Iconic Shiba Inu dog 'Kabosu' of Dogecoin fame dies in Japan

Sato further said there would be a farewell party on May 26 at Flower Kaori in Kotsu no Mori, Narita City, Japan.