Dogecoin (DOGE) jumped 10% on Tuesday, registering its largest single-day gain since April 3, according to Binance data tracked by charting platform TradingView. The meme cryptocurrency has gained 25% over the past two weeks amid speculation that it could be used as a payment mechanism on the rebranded Twitter platform. As crypto is entering the summer lull that we initially expected for August, DOGE might be the summer’s highflyer as other crypto themes are taking a backseat, said Markus Thielen, head of research and strategy at Matrixport Musk is on a marketing tour in re-inventing Twitter, he added.
Singapore’s High Court has recognized crypto as property capable of being held on trust in a case involving Seychelles-based exchange Bybit and a contractor, according to a court judgment published on Tuesday. Like any other thing in action, USDT is capable of being held on trust, said presiding Judge Philip Jeyaretnam.
Nigeria is changing its eNaira model to encourage more use of that central bank digital currency (CBDC), Central Bank of Nigeria (CBN) Acting Governor Folashodun Shonubi said Wednesday. To boost the service offering and make it more user-friendly, CBN upgraded its eNaira app to enable contactless payments. The bank didn’t provide details of planned changes to the eNaira model and hadn’t responded to a request for more information by publication time.
Dogecoin has seen a surge in popularity recently, with speculation that it could be used as a payment mechanism on the rebranded Twitter platform. Meanwhile, Nigeria is making changes to its eNaira model to encourage more use of its CBDC.