Dogecoin: ‘joke’ virtual currency touted by Elon Musk

Dogecoin, a cryptocurrency conceived as a joke but now the world’s fifth-most valuable, plunged from an all-time high after its most famous cheerleader, Elon Musk, jokingly called it ‘a hustle’ on late-night TV. — Bloomberg

LONDON: Dogecoin, a cryptocurrency originally created as a joke, has grabbed the headlines thanks to repeated interest from tech billionaire Elon Musk – and despite doubts in the financial community.

The price of the virtual unit hit a record high over the weekend ahead of Musk’s hosting of popular US sketch comedy show Saturday Night Live (SNL).