A website for the Department of Government Efficiency (DOGE), the United States government agency led by Elon Musk, has gone live.
The acronym DOGE, which matches the ticker symbol for Dogecoin, highlights Musk’s history of vocal support for the digital coin.
The website, Doge.gov, features the Dogecoin logo. Though it appears to be a work in progress, it has already made an impact.
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Within 30 minutes of the site’s discovery, Dogecoin’s
$0.3704
price surged 14.4%, reaching $0.396 before settling at $0.3782. The price jump also increased Dogecoin’s market cap to $58 billion.
The site domain was registered in Los Angeles, California, on January 21 by a member of the US Cybersecurity and Infrastructure Security Agency. When contacted, the registrar confirmed the website’s status as an official government platform. However, Elon Musk has not commented on this development.
The website has a dark background and a small amount of text. Its most interesting feature is the Dogecoin logo, a familiar image of a Shiba Inu within a golden coin.
Unlike the original Shiba Inu
$0.0000207
photo, this version closely resembles the standard Dogecoin design, minus the usual white “D.” A closer look at the site’s source code reveals ASCII art of Doge, which strengthens its connection to the cryptocurrency.
Meanwhile, Vivek Ramaswamy has stepped down from DOGE, leaving Musk as the sole leader of the agency. What happened? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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