Dogecoin, bitcoin and other cryptocurrency have minted new millionaires, but regulators are worried

But this year has seen the number of cryptocurrency explode, minting hordes of newly successful investors drawn by the potential of huge profits, a culture soaked in humor and the encouragement of celebrity billionaires including Elon Musk. Dogecoin, named after the Shiba Inu “doge” meme, is up over 9,000 percent this year, according to Coindesk, a media outlet that tracks cryptocurrency.