πŸš€ Doge is the New Paradigm πŸ•

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    πŸš€ Doge is the New Paradigm πŸ•

    Happy Doge Day, Geckos!


    Dogecoin (DOGE) has managed to defy gravity and continues to deliver crypto memes in these turbulent times.


    In a fresh attempt to beat its all-time-high, DOGE has set its eyes on $0.42 to make its 420 mark on April 20.


    Despite having no use case, and an inflationary supply (about 10,000 coins are created every minute), the collective community, including celebrities like Elon Musk and Mark Cuban are pushing for Doge dominance.


    In recognition of Doge Day, Newegg, an online electronics retailer company, has also added DOGE as an official payment method.


    Woof woof!


    In today's news, Morgan Stanley states their CBDC position, Deutsche Telekom invests in Celo, and Ripple's legal drama continues.


    Read on!

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    CBDCs are not a Threat


    Morgan Stanley believes that Central Bank Digital Currencies (CBDCs) should not be seen as cryptocurrency-killers but as coexisting assets.


    The main reason is that CBDCs cater to different audiences and serve different purposes.


    However, the bank did reiterate that while crypto assets are being recognized as store-of-value assets, CBDCs will challenge the status quo of stablecoins.


    Bitcoin.com

    Telecom Giant Invests in Celo


    In an unprecedented move, Deutsche Telekom, company invests an undisclosed amount into Celo (CELO) by purchasing their tokens.


    Celo's main product allows users to map their phone numbers to their own public key for a blockchain wallet.


    The German telecom company is also investing in infrastructure and looking to build a decentralized version of Venmo's P2P platform.


    Decrypt

    Ripple's Legal Troubles are from Over


    In the latest of Ripple's (XRP) regulatory saga, the defendant company has prevailed over two discovery rulings, and even managed to win access to the SEC's crypto internal memos and minutes.


    While Ripple has managed to claim victory in pre-trial rulings, legal pundits have stated that it is premature to believe that this would shift the trial in their favour.


    The case itself hinges on whether XRP is a security or not which would determine whether it falls under the SEC's jurisdiction. 


    Cointelegraph


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