.elonmusk and DOGE co-founder BillyM2k 'explain principles' on which modern financial markets work. santimentfeed
In a recent tweet, Billy Markus, who founded popular meme token DOGE together with Jackson Palmer in 2013, took to Twitter to comment on the current situation that can be seen on the financial markets at the moment. Markus is known on Twitter as"Shibetoshi Nakamoto." If Dogecoin was meant to be a joke on Bitcoin, then his Twitter name is a joke based on anonymous BTC creator Satoshi Nakamoto., the boss of Twitter and Tesla, has joined this deep discussion.
Musk sort of agreed with that, saying that Markus is"not far wrong." Prominent DOGE-themed account @dogeofficialceo suggested that Dogecoin may be the answer for this.Recently, three major banks in the U.S., which also happened to be crypto-friendly ones, crashed, shutting down their operations: Silvergate, Silicon Valley Bank and Signature Bank. All three of them worked with cryptocurrency companies like exchanges.
Ripple chief executive Brad Garlinghouse admitted in a recent statement on Twitter that Ripple did have small exposure to SVB, holding a small part of its cash balance in it. However, the crisis that hit the bank will not impact the company's daily funds operations with funds.
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