Elon Musk | Photo Credit: AP Elon Musk asked a U.S. judge on March 31 to throw out a $258 billion racketeering lawsuit accusing him of running a pyramid scheme to support the cryptocurrency Dogecoin. In an evening filing in Manhattan federal court, lawyers for Musk and his electric car company Tesla Inc called the […]
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Indian crypto exchanges will now have to report any suspicious activity related to buying or selling of cryptocurrency to the Financial Intelligence Unit – India (FIU-IND). File | Photo Credit: Reuters The story so far: On March 7, to further tighten the loosely regulated crypto market, the Finance Ministry said that all virtual digital assets […]
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Dogecoin surged more than 70% on Saturday, extending this week’s gains after Elon Musk sealed a $44-billion deal to take over Twitter last week. The Tesla Inc CEO, a vocal proponent of cryptocurrencies, has heavily influenced prices of dogecoin and bitcoin. Tesla started accepting dogecoin as payment for its merchandise early this year, and Musk’s […]
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Cryptocurrency Shiba Inu has announced a new Visa card that will burn SHIB tokens when a payment is made via the card. Burning in crypto means permanently removing tokens from circulation by sending them to a dead address or a crypto wallet from which they cannot be retrieved. It is beneficial to investors because a […]
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Elon Musk is an avid supporter of the cryptocurrency Dogecoin. He has promoted the meme-coin multiple times, causing the coin to rise in value. The tech billionaire is also a self-proclaimed ‘Doge father’. However, on Thursday, a Dogecoin investor sued Musk for $258 billion accusing him of running a pyramid scheme to support the cryptocurrency. […]
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The investor claimed that in spite of Dogecoin having “no value,” the Tesla and SpaceX CEO had driven prices up before letting them crash The investor claimed that in spite of Dogecoin having “no value,” the Tesla and SpaceX CEO had driven prices up before letting them crash Elon Musk was sued for $258 billion […]
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SpaceX employees have penned a letter to company executives, denouncing the behavior of Chief Executive Elon Musk in the wake of sexual harassment allegations. The letter which was shared with over 2,500 employees and reviewed by The Verge, states that employees “across the spectra of gender, ethnicity, seniority, and technical roles” had a role in […]
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