Elon Musk sued for $258 Billion over alleged Dogecoin pyramid scheme

Elon Musk is being sued for $258 billion over accusations that he ran a pyramid scheme in order to promote a cryptocurrency named Dogecoin. Launched in 2013 as a joke, the digital asset was purely designed to mock Bitcoin. However, the DOGE cryptocurrency hit the headlines after climbing up dramatically in 2021. In a short … Read more →

Twitter finally agrees to give Elon Musk access to Spam, Fake Account Data

The social media giant has maintained that spam and fake accounts make up less than 5% of the platform’s overall users. Tesla billionaire Elon Musk has apparently scored a win in his standoff with Twitter over repeated requests for access to its internal data on spam and fake accounts. On Wednesday, June 8, Twitter has … Read more →

Twitter investors sue Elon Musk for alleged Stock Price Manipulation during Takeover Bid

Elon Musk is being sued by Twitter shareholders, who accuse him of acting illegally regarding his takeover bid of the social media platform. They claimed that the 50-year-old Tesla billionaire has attempted to bring down the platform’s stock price, by means of posting tweets concerning the number of bots or fake accounts on Twitter. They … Read more →

Dogecoin surges after Baby Doge Tweet by Elon Musk

The price of Dogecoin bounced back from its lows right after a ‘Baby Doge’ tweet from Elon Musk. Shortly after Musk’s tweet on Thursday, Coindesk data showed that the cryptocurrency surged over 3% to $0.25. The digital coin has stabilized since then and was trading at $0.24 on Friday morning. Aside from Dogecoin, its spin-off … Read more →

Bitcoin drops 12% after Tesla suspends Crypto Payment for its Vehicles

The price of bitcoin has plummeted after Tesla CEO Elon Musk announced that his company will be suspending the move to accept crytocurrency as payment for its electric vehicles. According to cryptocurrency news site Coindesk, bitcoin was down around 12% early Thursday morning, which brings the coin’s price down to about $50,900. After months of … Read more →

Tesla Buys $1.5B in Bitcoin, to Accept it as Payment Soon

In a SEC filing on Monday, Tesla announced that it has bought some bitcoin cryptocurrency, worth $1.5 billion. In a filing with the Securities and Exchange Commission, the electric vehicle maker said it bought the bitcoin for “more flexibility to further diversify and maximize returns on our cash.” The company also said that very soon … Read more →