Cryptocurrencies have slumped as China increases restrictions and controls on cryptocurrency mining. Dogecoin has lost 26% in the last 24 hours to $0.19. China’s restrictions on cryptocurrency mining were effective in the decline. An interesting confession came from the founder of Dogecoin.
Dogecoin, which was created as a joke in 2013 and supported by Elon Musk for exactly this reason, is experiencing a great decline today. The decisions taken by China were effective in this decline.
Dogecoin had groundbreaking growth with its discovery by Elon Musk. The popular cryptocurrency, which went from almost zero to $ 0.72 in less than a year, broke records after a record.
They sold Dogecoin immediately after created
Invented by Billy Markus and Jackson Palmer, the cryptocurrency aims to be a fun and traditional banking fee-free payment system. Dogecoin, which entered our lives for the first time on December 6, 2013, came to the fore with an interesting confession made by its founder.
Both founders sold Dogecoin shortly after they created it and have since been a spectator rather than a developer. Of these, Jackson Palmer prefers to live a calm and quiet life, while Billy Markus remains an active voice in the Dogecoin community.
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