So, Musk Changed Twitter's Logo To Doge

GM Readers!📪 It's BitDegree Insider, and let's keep our heads up.

⭐️Today's selection:

• 🤝Twitter Shakes Hands With Doge
• 🌝Bitcoin To The Moon
• 😎Cool Fact Tuesday
• 👌Selected Meme of The Day
• 📰Bite-Sized News

TWITTER🤝DOGE

Those of you who've been on Twitter today, must have already noticed something new.

Twitter CEO Elon Musk changed the platform's icon to Doge. This echoes the unpleasant legal situation that Musk finds himself in the center of.

Backstory: Elon Musk is currently facing a $258 billion class-action lawsuit in federal court.

What is the lawsuit about?

In June, last year, things got heated when a group of investors accused Elon Musk of being the mastermind behind a "pyramid scheme" that involved him supporting the Dogecoin.

They weren't messing around either, as they demanded a whopping $258 billion (!!!) in damages from the billionaire businessman.

Of course, Musk didn't let this slide, and his legal team is working to get this case dismissed.

The argument? "Funny pictures" and "words of encouragement" aren't enough to warrant fraud charges.

Twitter has a total of 1.3 billion accounts.

The icon change has taken place across the entire platform, and has already been seen by at least 360 million monthly active users. So...

Doge is 30% up.

Before the logo was changed its price was $0.077. Now it's going for over $0.1.

All of this rhymes well with the events from the past. Here's a conversation from 2021:

It's important to stay cautious due to its inflationary nature. Unlike Bitcoin, which has a fixed supply, Dogecoin's supply increases by around 4% every year.

TL;DR: Elon Musk changes Twitter's logo to the one of the Doge coin as a response to the fact that's he's being sued for promoting Doge coin through a pyramid scheme. As a result Doge is up 30%.

BITCOIN TO THE MOON

Elon Musk is all over the place. Even if not directly.

LunarCrush, the crypto analytics platform, has decided to do something... Unusual.

They're sending a rocket to space. A SpaceX rocket (thus the Musk connection). The mission is scheduled for launch this autumn.

What's the reason behind such an out-of-the-box marketing stunt? Well, LunarCrush explains it pretty directly:

"To motivate exploration of the unknown."

So, will the rocket be carrying something on it?

Yes, the company intends to send into space the private key of a wallet containing 62 BTC ($1.7 million).

Golden Wolf, as well as Hiro (who have recently become popular for their active implementation of BTC Ordinals 'NFT' into their wallets) also take part in the project.

Anyone can go on a treasure hunt, all they have to do is fly to the moon. Organize a casual weekend 2023: Space Odyssey.

The key will be engraved on a tablet attached to the MAPP rover, and anyone who can retrieve it, will be able to access the funds.

LunarCrush promises to videotape the key etching process and none of their employees will know the complete combination, making the wallet hack-proof.

LunarCrush has already transferred 62 BTC (~$1.75 million) to the account. But the fundraising is not yet closed, which means that the final reward could be much higher.

Elon Musk has yet to comment on the initiative. But his approval is evident.

After all, he famously sent his own Tesla Roadster into space, which is now orbiting Mars or drifting through the endless cosmic void.

TL;DR: LunarCrush, a crypto analytics firm, are sending a Bitcoin wallet into space. Anyone can withdraw funds from it, if they manage to find it. To do so, all you gotta do is go space exploring and find it.

COOL FACTS TUESDAY

Wells Fargo, the international financial services company with its HQ in San Francisco, is an exemplery representative of the traditional finance sector. And yet...

Here's something very illustrative about how this optimized and secure this sector is.

SELECTED MEME OF THE DAY

BITE-SIZED NEWS

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