Elon Musk News

The arch-Bitcoin (BTC) skeptic Peter Schiff has experienced problems with the traditional international banking system – giving BTC advocates the opportunity to tell him that his struggles could have been avoided had he made use of bitcoin.

Dogecoin — plunged as much as 12 per cent in Wednesday's trade, wiping out entire weekly gains, data from Coinmarketcap suggested. According to the data, Dogecoin plunged to $0.06464 from $0.07295, before recovering to $0.06515 at 13.00 hours IST. Edul Patel, Co-Founder and CEO, Mudrex said Dogecoin saw a massive increase in its price after Tesla founder Elon Musk supported the crypto at the Qatar Economic Forum.

The latest rebound in the crypto markets might be a surprise for many, but the hilarious part of this is that meme tokens have evolved as the biggest winners in this recovery. Elon Musk's favourite Dogecoin has gained over 30 per cent in the last week, but the second-largest meme coin, Shiba Inu, has zoomed more than 45 per cent in seven days after a beatdown from the peak.

One such example is Dogecoin (DOGE), the most significant meme token, which continues to remain in the news thanks to the push from Elon Musk, fondly known as the 'Doge Father' by the masses. The token has rallied over 13 per cent in the last 24 hours to $0.07768 from $0.06858, the data from Coinmarketcap suggested, with its market cap scaling more than the $10.3 billion mark.

Tesla CEO Elon Musk rebuffed a suggestion that he himself had said people should invest in Dogecoin. This rejection came at a time Musk is sued for $258 billion by a Dogecoin investor, who accused him of running a pyramid scheme to support the cryptocurrency. At the Qatar Economic Forum in Doha, Musk told Bloomberg News Editor-in-Chief John Micklethwait that he supported Dogecoin as people encouraged him to do so. Musk, the Bloomberg report suggested, rebuffed the suggestion that he himself had said people should invest. He pledged to support Dogecoin, «as some of his employees asked him to.»

Shiba Inu and Dogecoin defied market mood to surge a whopping 40 per cent in a day. The tokens, which have lost 90 per cent of value from peaks, remained in high demand among investors after Dogecoin received support from Tesla chief Elon Musk. Dogecoin surged as much as 13 per cent to $0.06932 in the last 24 hours, thanks to another push on Twitter from the mercurial technocrat. Its arch-rival and next biggest meme coin Shiba Inu soared about 40 per cent to $0.000008637 in the same period. Recently Musk said he will continue to support Dogecoin. His company Tesla accepts Dogecoin for merchandise and SpaceX is likely to do the same.

The Twitter board has unanimously recommended that shareholders vote in favor of Elon Musk’s takeover of the social media giant.

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Musk has said he will keep supporting and buying Dogecoin, a cryptocurrency he has been vouching about for years. Amid the 'crypto winter', Dogecoin digital currency has tumbled from its high of nearly $0.74 to just over $0.05 in recent days. In a tweet on Sunday, Musk said: «I will keep supporting Dogecoin.»

Dogecoin (DOGE) is struggling to hold onto its weekend gains, slipping following the latest Musk pump.

As the crypto market bled over the weekend, Elon Musk once again voiced his support for Dogecoin -- the cryptocurrency with a Shiba Inu meme.

Not even a $258 billion class-action lawsuit alleging a crypto pyramid scheme could stop Elon Musk from publicly displaying his continued support for Dogecoin (DOGE).

Musk, filed a $258 billion lawsuit Thursday against the billionaire and his companies Tesla and SpaceX. Keith Johnson, who says he lost money after investing in dogecoin, described himself as an «American citizen who was defrauded» by what he called a «Dogecoin Crypto Pyramid Scheme.» He is asking for his motion, filed in a New York court, to be classified as a class action suit on behalf of those who have suffered losses by investing in dogecoin since 2019.

Tesla and SpaceX CEO Elon Musk is being sued for $258 billion (€245 billion) by a Dogecoin investor who accuses him of running a pyramid scheme to support the cryptocurrency.

Tesla chief Elon Musk wants Twitter to move further into the “digital payments” space – but may have to wage a legal battle with an angry dogecoin (DOGE) investor who claims the billionaire is running a crypto “pyramid.”

Elon Musk, speaking via a smartphone that he appeared to be holding in front of him, told Twitter employees that he wants to dramatically increase the platform’s users and didn’t rule out layoffs as he works to complete his planned $44bn takeover.

Billionaire Elon Musk, along with his companies SpaceX and Tesla Inc, are all being sued for an astonishing $258 billion in damages for being “engaged in a crypto pyramid scheme” involving Dogecoin (DOGE).

Baroness Helena Morrissey has been an executive at multiple asset managers and is a noted City diversity campaigner

Bill Gates has slammed the digital assets class, outrightly dismissing the projects, including non-fungible tokens (NFTs). The billionaire said such assets are based on the 'greater fool theory' and that is, of course, until there are no greater fools left, he said. “The prices go up because people are able to sell overpriced items to a greater fool. Digital images of monkeys are going to improve the world,” he added in a sarcastic note.

Bill Gates dismissed cryptocurrency projects such as nonfungible tokens as shams “based on the greater-fool theory” at a climate conference Tuesday, reviving past criticisms of digital assets. “Obviously, expensive digital images of monkeys are going to improve the world immensely,” Gates said sarcastically while speaking at an event in Berkeley, California hosted by TechCrunch. He said he’s neither long nor short the asset class. Gates has criticized crypto before, sparring with Elon Musk last year over whether Bitcoin is too risky for retail investors and the environmental harm of mining coins. Speaking Tuesday as the founder of Breakthrough Energy Ventures, the climate-focused fund he began in 2015, Gates noted the difficulty of recruiting Silicon Valley engineers to work in industries like chemicals and steel production in need of lower greenhouse gas emissions.