BREAKING: Elon Musk Explores Use of Blockchain for D.O.G.E Initiative
According to the latest development, Elon Musk, who has an active role in the new US administration, is investigating the use of blockchain applications for DOGE, the government efficiency department.
Elon Musk's initiative DOGE met with public blockchain officials to evaluate their technology.
Talks are ongoing about using blockchain to track federal spending, protect data, facilitate payments and manage buildings.
DOGE’s activities have largely been behind the scenes. DOGE’s staff use the encrypted messaging app Signal to communicate with each other, helping the organization operate largely in secret, the Wall Street Journal reported.
Vivek Ramaswamy, who was initially announced as a co-lead of the project alongside Musk, reportedly dropped out in recent days to announce his candidacy for Governor of Ohio.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Daily: ECB President Lagarde rejects bitcoin for Eurozone reserves while the Czech central bank considers it and more
European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.
'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT
The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”
Kiyosaki Dumps Gold and Silver, Projects Bitcoin at $250K by 2025
Bulls Eye Reversal as Solana Tests Support After 25% Drop