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February 8th - Despite the silver price plunge that has almost wiped out its astonishing gains at the beginning of the year, retail investors still poured nearly $500 million into the silver market over the past week. According to data analysis from Vanda Research, retail investors poured $430 million into the largest silver ETF, SLV, in the six trading days ending Thursday, including over $100 million on January 30th, when silver prices fell 27%, marking the largest single-day drop in history. StoneX analyst Ronna OConnell stated, "People are drawn to the allure of silver." She added that silvers appeal was further amplified by its "massive sell-off," with some investors seeing it as a buying opportunity at lower prices.The European-Mediterranean Seismological Centre reports a 5.9-magnitude earthquake in the Cuba region.February 8th - It is understood that although US President Trump has repeatedly claimed that India has pledged to stop purchasing Russian oil, the joint statement between the US and India regarding the trade framework agreement did not mention this. On February 6th, Trump signed an executive order eliminating the 25% tariff on Indian goods and claimed that India had pledged to stop purchasing Russian oil and instead buy American energy vehicles.Takayuki Kobayashi, Policy Research Council Chairman of the Liberal Democratic Party of Japan: The Liberal Democratic Party will expedite deliberations to achieve a reduction in the consumption tax.According to NHK exit polls, the Liberal Democratic Party is projected to win between 274 and 328 seats out of a total of 465 in the House of Representatives.

Is Elon Musk’s support of Dogecoin’s (DOGE) Web69 a Reality?

Jimmy Khan

Jun 13, 2022 12:06

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Elon Musk has been a proponent of Dogecoin (DOGE), bitcoin (BTC), Ethereum (ETH), and even Shiba Inu Coin for a long time (SHIB). The Tesla CEO is still outspoken about his crypto beliefs, which is shown in Tesla and Space X's use of cryptocurrency for payments.


DOGE received a lift from Elon Musk last month when it was announced that SpaceX will soon accept the meme currency for merchandising payments.


Elon Musk and DOGE have rejoined since then, with discussion of Web69.


Elon Musk and a Web69 based on DOGE: Is it Hype or Reality?


While crypto acceptance is vital to the long-term viability of digital currencies, progress is also essential.


Web3 has shown how virtual assets may offer a paradigm change to the world as we know it today, even in its early phases.


The most recent discussion is on Web5, which is based on Bitcoin, and Web69, which is based on Dogecoin.


At Consensus 2022 last week, former Twitter CEO Jack Dorsey presented the workings of a new internet.


TBD, a subsidiary of Block Inc., has been dubbed the "Web3 killer" for its aspirations to create a decentralized web based on Bitcoin.


Web5 will be identity-based, as opposed to Web3, in order to give the actual spirit of decentralization.