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Meme Community Not Amused With Elon Musk As Twitter Shuts Down Dogecoin Tip Jar

Published 03/02/2023, 13:06
Updated 03/02/2023, 14:10
© Reuters.  Meme Community Not Amused With Elon Musk As Twitter Shuts Down Dogecoin Tip Jar
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Benzinga - Elon Musk's Twitter has officially shut down a popular tipping bot ‘MyDogeTip’ used by the Dogecoin (CRYPTO: DOGE) community. This bot allowed users to easily tip each other on Twitter with the meme crypto.

What Happened: According to MyDogeCTO, one of the tipping bot designers, the bot got purged alongside many others as a part of Twitter’s new policy to combat automated spam.

See Also: Top Indian Apps That Give Bitcoin, NFT Rewards

MyDogeCTO said, “If TwitterSupport is going to shut down MyDogeTip they better be building something awesome for Dogecoin.”

What’s Next: Doge enthusiasts have spoken out on the seeming suddenness of Twitter's new API policy, which eliminates free access and requires all developers to pay for access.

'Doge Whisperer', a long-time Dogecoin enthusiast, told Benzinga that this change is not targeted at Dogecoin or its community, but is instead a move toward monetization for Twitter and all developers, companies, and bots that make use of their API.

Twitter, in an update on Thursday, decided to start charging for access to its API. “Removing spam and generating revenue is a high priority for Twitter but there should’ve been a transition period or at least a heads up,” Doge Whisperer said.

Despite Elon Musk's support for Dogecoin, last year when Twitter allowed users to tip each other in Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), Dogecoin was not officially added to the list.

Price Action: At the time of writing, DOGE was trading at $0.091, down 2% in the last 24 hours, according to Benzinga Pro data.

Read Next: Bitcoin, Ethereum, Dogecoin Slump As Post-Fed Rally Fades: Analyst Says Breaching $25K Looks Difficult For Apex Coin

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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