The Meme coin that Elon wants to take to the moon.

The Beginning.

Dogecoin created as a joke based on a popular meme featuring a Shiba Inu (a Japanese breed of dog). By IBM software engineer Billy Markus from Portland and Adobe software engineer Jackson Palmer, who set out to create a digital currency that could reach a broader demographic than Bitcoin. It is an open-source, peer-to-peer cryptocurrency that started in 2013 as a way to satirize the hype surrounding cryptocurrencies. It based on Litecoin. Users could buy, sell and exchange DogeCoin from popular Digital Currency Exchanges like Binance, Coinbase, WazirX, namely a few.

The Rise of Dogecoin.

Dogecoin started as something of a joke meme of sorts, but after it was created, it gained a following. In 2017 it also Joined the crypto bubble that got the values of so many coins up significantly. But shortly after the bubble burst in 2018, Dogecoin lost much of its value, like others, but it still had core supporters who trade it and use it to tip content creators on Twitter, Reddit and Twitch( Mostly used for gamers for live streaming).

The Boom.

Basically, the valuation of a particular coin depends on News, among other factors, of course. In the world of Crypto, positive News like being supported by a big company Or a famous person investing in a particular coin can do wonders for the whole crypto market.

It was Feb of 2021, just two days after Elon Musk(CEO of Tesla Inc.) said he was going take a break from Twitter “for a while.” Suddenly came up with a Tweet Musk first tweeted “Doge” and immediately followed it up with “Dogecoin is the people’s crypto.” In the past, Musk has been in support of Crypto, even going as far as accepting Bitcoin as a mode of payment in Tesla Inc. After that Tweet, The valuation of Dogecoin has Skyrocketed From 3.77 INR in Early Feb to being just shy of 30 INR In early April. And so on and so froth Elon has been supporting Doge ever since through his tweets Even say in one of his tweets “Doge Barking at the Moon.”

Written By – Shubham Kaushik

TWITTER ACCOUNTS GOT HACKED : BITCOIN SCAM

On Wednesday, 15th July 2020 around 4:00 PM dozens of prominent personalities’ twitter account in America was hacked including – Joseph R. Biden Jr., ex-president Barak Obama ,Kanye West, Bill Gates and Elon Musk 

Not only this but also the same message was posted on twitter “send bitcoin and famous people will send back double your money.” Initially, the hacker attacked the prominent cryptocurrency leaders and many  companies but as soon as list came up the hackers main target were people from Hollywood industries, politics  and other famous personalities.

For prevention, twitter has deleted the bitcoin message from many accounts but after deleting the message is still been posted again and again through this practice hacker and is symbolizing Twitter as powerless and in no control of their app. For a few hours, Twitter has shut down some of their services due to which verified users will not be able to tweet.

Twitter posted a tweet saying “you will unable to tweet or reset the password while we review and address the incident.” They also informed the users that at 8:30 PM they will able to use all the services of Twitter.

Twitter’s spokesman also acknowledged “We’re looking into what other malicious activity they may have conducted or information they have accessed.” Moreover, he also added “we’ve taken significant steps to limit access to internal system and tools while we are investigation is ongoing” 

The chief executive of Twitter – Joe Biden on Wednesday night posted on twitter “tough day for us at Twitter. We all feel terrible this happened. We’re diagnosing and will share everything we can when we have a more complete understanding of exactly what happen.” 

One of the culprit behind this hacking is speculated to be North Korea as they have been shown to possess documents of using Bitcoin in their past history, but according to some this might be acchildish reason for doing so. Also, according to American Intelligence Agency this work is  likely to be of an individual hacker rather than a state. The hacker did not attack on the account of most powerful user ‘President Donald Trump’ and after this incident his account is under special security.

Mr. Stamos said “It could have been much worse. We got lucky that this is what they decide to do with the power” 

According to Mr Stamos, the hacker/hackers have committed some mistake as they sent the same message from every account which makes it easy for them to detect and delete. Also, as they ask money through bitcoin this shows that they are unwilling to use the accounts of prominent personality for the big scam. 

Well, at last, it is very disappointing as Twitter is one of the most used social media platforms and still they do not have proper security which may cause a problem in the future.

                                                      By: Anjali Sharma