Twitter deal raises price of Musk’s favorite Dogecoin

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Dogecoin jumped 9% after news that Elon Musk, a notorious and vocal cryptocurrency supporter, bought Twitter, Coindesk reported on Monday (April 25).

The report notes that DOGE jumped as high as 14 cents at the time.

Musk has also teased DOGE payments on Twitter in the recent past.

Meanwhile, Kraken, a crypto exchange, has obtained a Financial Services Authorization (FSP) license from the Abu Dhabi Global Market, which will allow it to operate a regulated exchange platform in the United Arab Emirates (UAE). ), Coindesk wrote on Monday.

ADGM is a free zone for financial companies to locate in the capital of the United Arab Emirates, providing services to the MENA region such as access to cryptocurrencies through financing, trading and custody regulated in the local currency in dirham.

In other news, Bitcoin extended this month’s trading losses on Monday, Bloomberg wrote.

The report notes that investors are turning away from risky assets as the outlook for Federal Reserve policy is more hawkish.

The crypto slid around 3.3% and hit $38,223, the lowest level since March 15.

OpenSea, meanwhile, bought Gem, the largest NFT market aggregator, a corporate blog noted.

The company says this will help it in its mission to bring NFTs to more people around the world, especially as the community continues to grow.

Gem, the company said, has built an “incredible product with the core feature set for business users, seemingly increasing community engagement and excitement overnight.”

Gem’s product allows users to purchase NFTs across multiple marketplaces in one low-cost transaction.

The Central African Republic is reportedly considering legalizing bitcoin for its financial markets, according to a report of a new bill that has been approved by lawmakers in the country.

The bill was presented by Justin Gourna Zacko, the Minister of the Digital Economy, Posts and Telecommunications, on Thursday April 21.

The law creates an enabling environment for the growth of the crypto sector in the region.

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