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Dogecoin Jumps after Musk Tweets Tesla Merchandise 'Buyable' with the Token

Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. (Reuters)
Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. (Reuters)
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Dogecoin Jumps after Musk Tweets Tesla Merchandise 'Buyable' with the Token

Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. (Reuters)
Representation of cryptocurrency Dogecoin is seen in this illustration taken November 29, 2021. (Reuters)

Meme-based cryptocurrency dogecoin jumped on Friday after Tesla Inc chief Elon Musk said the electric carmaker will accept it as payment for merchandise.

"Tesla merch buyable with Dogecoin," Musk tweeted.

His mid-December tweet saying such use of dogecoin will be allowed on a test basis sent the cryptocurrency up more than 20%.

Dogecoin, popular among retail investors, raced up 18% to above $0.2 after Friday's tweet.

Musk's tweets on the cryptocurrency, including the one where he called it the "people's crypto", buoyed the meme coin and caused it to soar roughly 4,000% in 2021.

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Microsoft Lays Out Data Protection Plans for European Cloud Customers

Microsoft Chairman and Chief Executive Officer Satya Nadella is pictured onstage during the Microsoft Build conference opening keynote in Seattle, Washington on May 19, 2025. (Photo by Jason Redmond / AFP)
Microsoft Chairman and Chief Executive Officer Satya Nadella is pictured onstage during the Microsoft Build conference opening keynote in Seattle, Washington on May 19, 2025. (Photo by Jason Redmond / AFP)
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Microsoft Lays Out Data Protection Plans for European Cloud Customers

Microsoft Chairman and Chief Executive Officer Satya Nadella is pictured onstage during the Microsoft Build conference opening keynote in Seattle, Washington on May 19, 2025. (Photo by Jason Redmond / AFP)
Microsoft Chairman and Chief Executive Officer Satya Nadella is pictured onstage during the Microsoft Build conference opening keynote in Seattle, Washington on May 19, 2025. (Photo by Jason Redmond / AFP)

Microsoft on Monday said data stored by its European cloud customers would stay in Europe, under European Law, with operations controlled by its local personnel, and under full control of customers.

European companies and governments have been increasingly worrying about their data being moved outside the continent into the hands of other countries such as the US, pushing the American companies such as Microsoft to announce safeguards.

Microsoft in April laid out plans to protect user data as it expands its cloud and AI infrastructure in Europe, including respecting European laws seeking to rein in the power of large technology companies.

On Monday, the company said all remote access by Microsoft engineers to the systems that store and process European data would be approved and monitored by European resident personnel in real-time.

Microsoft said its sovereign private cloud is in preview mode currently and will be generally available later this year.