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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New Zealand central bank cuts interest rate to 2.25%, bringing it to its lowest in more than three years, aligning with analyst forecasts. The move indicates the conclusion of the easing cycle, CNBC reported.