Dogecoin loses third of price after Musk calls it hustle on SNL
Posted : 2021-05-10 11:08
Updated : 2021-05-10 11:08
A small toy figure is seen on the cryptocurrency representation with dogecoin logo in the background in this illustration picture taken, April 20. Reuters-Yonhap
Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a hustle during his guest-host spot on the Saturday Night Live comedy sketch TV show.
Dogecoin was quoted as low as $0.416 on crypto exchange Binance down 36 percent from levels around $0.65 before the show. It retraced some of that move later on Sunday, and was last trading around $0.569.
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Publishing date: May 09, 2021 • 6 days ago • 3 minute read •
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NEW YORK Dogecoin lost more than a third of its price on Sunday, after Tesla chief and cryptocurrency supporter Elon Musk called it a ‘hustle’ during his guest-host spot https://twitter.com/cryptoafricaedu/status/1391373668744372225?s=21 on the “Saturday Night Live” comedy sketch TV show.
Dogecoin was quoted as low as $0.416 on crypto exchange Binance https://www.binance.com/en/trade/DOGE USDT?type=spot, down 36% from levels around $0.65 before the show.
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Antitrust enforcement needs money not reform, experts say
Antitrust experts said amending merger and acquisition laws would hamper competition. Instead, agencies should be better funded to expand on the work they re already doing.
Share this item with your network: By Published: 07 May 2021
Instead of changing current laws, funding may be at the heart of solving antitrust enforcement challenges, a group of legal and academic experts argued.
During a panel discussion Friday hosted by the Information Technology and Innovation Foundation, antitrust experts weighed in on the current national conversation about antitrust enforcement efforts against big tech companies like Google, Facebook, Apple and Amazon. Regulators in the U.S. and globally are looking to reign in tech giants by, for example, scrutinizing acquisitions that may be deemed anticompetitive. One commonly cited example is Facebook s 2012 acquisition of Instagram for $1 billion.