Dogecoin is a cryptocurrency created in 2013 as a bifurcation of the Litecoin blockchain. Its task is to conduct peer—to-peer transactions without centralized management. Earnings on the coin were not expected. The developers thought it would be a humorous parody to encourage content creators.

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Amid cryptocurrency downturn, social media circulating FUD claiming Binance faces imminent bankruptcy amid outflows. Industry executives note such FUD attacks are typical during bear markets. Binance CEO Changpeng Zhao counters, citing inflows and attributing the negative sentiment to artificially induced FUD. For more details, visit mt in max.