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All beaches in Ras Al Khaimah, UAE, are closed until further notice.October 24 - The Houthi rebels in Yemen announced on the afternoon of the 24th that earlier that day, the Saudi-led coalition had launched a series of airstrikes against the Yemeni capital Sanaa and Muha, among other locations.On October 24th, the Monetary Authority of Singapore (MAS) announced on the 23rd that Bank Negara Malaysia and the Bank of Thailand have officially joined the BLOOM digital currency cross-border cooperation initiative. The three countries will work together in the financial industry to promote cross-border digital currency payments, making fund transfers between different countries more convenient and faster. The cooperation focuses on three key areas: first, exploring how different countries can accept and settle digital currencies; second, promoting the interconnection of payment systems among countries; and third, strengthening identity verification, transaction review, and risk management to ensure the security of cross-border transactions. The participating institutions have also been expanded to include Mastercard, Visa, Ripple, Maybank, Airwallex, Monee, Nium, ShopeePay, and the World Bank Group.October 24th - According to Guangzhou Shipyard International, on October 23rd, CSSC Guangzhou Shipyard International received an order from Monaco-based company TRANSOCEAN to build two 50,000-ton chemical/oil tankers. Founded in the 1960s, TRANSOCEAN is a long-established family-owned company headquartered in Monaco, primarily engaged in dry bulk and oil tanker transportation, and currently has a fleet of 15 vessels.Market news: Egyptian lawmakers will meet on Monday to consider whether to authorize military support to Saudi Arabia, following continued attacks by Yemens Houthi rebels. A senior lawmaker indicated that such support is likely to be defensive.

Elon Musk Reassures DOGE of Support to Deliver DOGE and SHIBA Gains

Jimmy Khan

Jun 22, 2022 14:13

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Elon Musk, a longtime supporter of Dogecoin (DOGE), was once again in the news this week. The entrepreneur behind Tesla Inc. and SpaceX doesn't seem to have been deterred much by a $258 billion lawsuit from promoting the joke currencies.


Elon Musk, in contrast to many others, has taken action; Tesla Inc. and SpaceX now accept DOGE and SHIB as payment for merchandise.


Keith Johnson, a cryptocurrency investor, sued Elon Musk, SpaceX, and Tesla Inc. last week for endorsing DOGE despite Musk's steadfast backing.


Johnson claimed that the defendants had conned him out of money and referred to the meme coin as a "Dogecoin Crypto Pyramid Scheme."


Defendants "falsely and fraudulently claim that Dogecoin is a legal investment when it has no value at all," Johnson continued.


Investors "who have lost money investing in DOGE since April 2019" are the ones Johnson seeks to represent.


Despite Musk's silence over the case, he has vowed to continue to support DOGE during this crypto winter.

Elon Musk Provides Support for DOGE and SHIB

News of Elon Musk responding to requests to reiterate his support for DOGE broke overnight.


Musk reacted to inquiries about the cryptocurrency market and the recent devastation while speaking to Bloomberg at the Qatar Economic Forum.


Musk made it clear that he never advocated for cryptocurrency investments. Additionally, he pointed out that Musk, Tesla Inc., and SpaceX all purchased little quantities of bitcoin (BTC) in comparison to their cash holdings.


"I want to personally support Dogecoin," Musk stated. "I just know a lot of individuals who are not that affluent who have pushed me to buy and support Dogecoin - so I'm reacting to those folks."

Musk allegedly said, "They've requested me to support Dogecoin, therefore I'm doing so," in response to requests for support from his firms' employees.


Shiba Inu (SHIB) accompanied DOGE (+9.50 percent), restoring the majority of June's losses, as Musk spoke of his support for DOGE. SHIB increased by 31.20 percent on Tuesday.