Elon Musk Under DOJ and SEC Scrutiny Amidst Criticisms of Biden Administration’s Policies
The United States Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have turned their attention toward Elon Musk, a prominent figure in the tech world. Congressman Thomas Massie suggests that these governmental actions may be influenced by Musk’s criticism of the Biden Administration’s “censorship regime.”
Why Elon Musk Is On DOJ’s Gun Point?
Congressman Massie has raised eyebrows by suggesting that the DOJ’s investigations into Musk are employing what he calls “mafia tactics.” According to Massie, these actions might respond to Musk’s outspoken criticism of the Biden Administration’s “censorship regime.”
Comparing Musk’s treatment to Mark Zuckerberg’s, who spent 400 million on an election three years ago to influence the outcome of the elections, “secretly for democracies” went without investigation. Congressman Thomas Massie raises concerns about potential secrecy and hidden motivations behind it
Multiple Investigations Imposed on Elon Musk
It is important to note that the Department of Justice (DOJ) is currently investigating Elon Musk, the CEO of X, in not just one but two separate cases.
These investigations are specifically related to his time as CEO of the rebranded social media platform X. And the other allegations primarily involve potential financial misconduct and lavish spending, including the construction of a luxury glass house near Tesla’s Austin headquarters known as “Project 42”.
Furthermore, concerns arose earlier this year regarding the purchase of specialized glass by Tesla employees using company funds. Moreover, company authorities assessed to determine if Elon Musk was excessively allocating resources towards extravagant acquisitions of this nature.
At the same time, several key members of Tesla’s management team were unexpectedly dismissed, leading to increased suspicion among people. One such individual was Omead Afshar, responsible for overseeing operations at the Texas factory. He faced allegations of purchasing unusual and rare materials for construction.
Besides ongoing DOJ investigations, Elon Musk is confronted with a class-action lawsuit filed by Dogecoin investors who accused him of manipulating the cryptocurrency’s price. This legal action has attracted substantial attention from notable individuals and celebrities alike.
Elon Musk’s Stance on this Allegation
About these claims, Musk vehemently denies any involvement in constructing such a structure. This denial adds complexity to the narrative, especially given a biography by Walter Isaacson, which suggests that Musk had considered but postponed such a project.
In addition, various organizations are investigating Tesla and Musk, not just the DOJ. These entities include the SEC, California Attorney General, and National Highway Traffic Safety Administration. They are particularly focusing on self-driving safety concerns related to the company.
Now, the focus lies on Tesla and its CEO Elon Musk. It’s worth mentioning that Musk had once stated his residence to be a small 375-square-foot modular home. Whether this ambitious plan of having a glass structure comes to fruition, the ongoing federal investigations will ultimately reveal its truth.
Elon Musk Extensively Implements Verified User Voting for Poll Accuracy!
In a recent announcement, tech entrepreneur Elon Musk revealed that his social media platform, X, will now only allow verified users to vote in polls. The move is aimed at tackling the problem of bots artificially inflating some poll results, with verified users being required to provide identification information. It is believed that the new feature will significantly improve the accuracy and legitimacy of polls on the platform. The move has been welcomed by many in the online community, who view it as an important step towards tackling the growing problem of vote manipulation on social media.
Elon Musk Hails Twitter as a “DOGE friendly place”!
The post Elon Musk Hails Twitter as a “DOGE friendly place”! appeared first on Coinpedia Fintech News
Elon Musk has hailed Twitter as a “DOGE friendly place” in a recent tweet. The tech billionaire has been a vocal supporter of Dogecoin on social media and has played a significant role in driving up its price through his tweets. He has even spoken about plans to take Dogecoin to the moon as part of his SpaceX missions. Many in the Dogecoin community have taken Musk’s tweet as a sign of support and are speculating that he may use Twitter to further promote the cryptocurrency. Twitter has not officially endorsed Dogecoin, but the platform has been a hub of activity for Dogecoin enthusiasts.
DOGE, QUBE On Investors’ Radar as Elon Musk Plans Big Moves
The InQubeta (QUBE) presale is attracting many cryptocurrency investors as it becomes more apparent artificial intelligence (AI) will be the next major technological revolution. InQubeta addresses the obstacles that often prevent investors from using conventional investing channels, like minimum deposits that most people can’t afford.
The artificial intelligence industry recently welcomed a new entrant as SpaceX founder and X (formerly Twitter) owner, Elon Musk, revealed his new company xAI. He states the company’s goal is to “understand the true nature of the universe,” but it’s really an alternative to AI-powered software like ChatGPT. The company has already built up an impressive team that consists of alumni of projects like OpenAI, DeepMind, and Google Research.
Dogecoin investors are hoping to see a price surge following Musk’s comments as is often the case whenever he’s in the news. Musk played a major role in the meme coin mania of 2021 and also helped to bring it to an end when he called it a “hustle.”
InQubeta (QUBE) poised to enjoy massive growth in 2023 and later
The InQubeta presale has been a monumental success so far, raising over $2 million early in its presale. Investors who join the action now set themselves up to grow their investment by 300% before the event ends. InQubeta is expected to see significantly more growth once the presale is over and tokens are launched on major exchanges. $QUBE tokens are currently undervalued and prices are expected to rise by over 100x as the market establishes their real price.
One of the major factors that have helped to drive investors to the InQubeta presale, despite cryptocurrency markets being bearish for the most part since the event started, is its link to artificial intelligence by creating a win-win situation for investors and AI startups.
Companies that help to push investments in the AI sector have enjoyed a significant increase in investment funds as investors rush to be part of what many – like President Joe Biden – are predicting will be the most significant technological breakthrough in the last several decades.
The viability of AI has increased exponentially in the past decade as concepts like vehicles with autonomous capabilities and AI like ChatGPT — that can perform various tasks almost as well as a human can — are developed. Automation will cause massive disruption worldwide, but it will also create many investment opportunities to earn substantial profits. InQubeta opens up access to such opportunities with its non-fungible token (NFT) marketplace.
How it works
Startups raise capital on the QUBE network by selling equity-based NFTs that are the blockchain version of stocks. $QUBE tokens are used to purchase them on the marketplace and are used to run the network. Rewards are sent out to stakers periodically.
Elon Musk’s entry into the AI industry will speed up the rate of innovation
Like him or not, Elon Musk is well-known for pushing innovation in the industries he targets. Tesla leads in producing electric and autonomous vehicles, while SpaceX has done more to push the space race than the U.S. government – or anyone else – has in decades.
Musk officially launching an AI company isn’t surprising, given how closely he already works with the technology. It’s one more sign that the AI revolution will shake up the world.
Dogecoin (DOGE) investors keep hope alive.
Dogecoin investors are hoping for a push from a celebrity like Musk to give token prices a boost. However, the unlimited supply of DOGE tokens and their limited utility will likely prevent prices from experiencing significant growth except when they’re being pumped.
Summary
The InQubeta presale allows investors to grow their capital by 300% and more once it ends. The project pushes innovations in the AI industry by getting startups the capital they need while making investment opportunities more accessible.
InQubeta prices are poised to grow significantly as the AI industry takes humanity into a new age.
Elon Musk Denies “X” Token Plans, Sends Dogecoin Price Soaring
In a surprising and categorical announcement, tech visionary Elon Musk put to rest speculations about his company “X” venturing into the world of digital currencies. Despite recent debates within the crypto community and claims of fraudulent tokens linked to “X” and Twitter, Musk took to Twitter himself to clarify that his company has no intentions of creating a cryptocurrency token now or in the future, asserting, “And we never will.”
Related: The Death of Twitter? Musk’s Rebranding Could Wipe Out $20 Billion in Brand Value
Dogecoin (DOGE) to the Moon!
The news had an immediate and significant impact on the price of Dogecoin (DOGE), the internet meme-inspired cryptocurrency that has often been under Musk’s spotlight. Within just one hour after Musk’s tweet, DOGE experienced a rapid 2% surge, indicating a strong bullish sentiment among investors.
Presently, Dogecoin is trading at $0.0752, showing a promising 2.7% increase in the last 24 hours. Throughout this period, the token’s price fluctuated between $0.0727 and $0.0747, showcasing a resilient trading range. Despite a slight dip in trading volume by 10% in the past 24 hours, the positive sentiment surrounding Dogecoin continues to bolster its value.
Expert Predictions
Michael van de Poppe, a respected analyst in the crypto space, remains bullish on Dogecoin’s short-term prospects. He foresees a rally in the coming weeks, with the token’s price potentially moving towards the $0.1 mark.
Read More: Summer Showstopper: Dogecoin Steals the Spotlight with 10% Jump!
Elon Musk’s tweets have been known to wield significant influence over cryptocurrency prices and popularity, and this recent confirmation that “X” will not launch a crypto token has further sparked optimism among DOGE investors. Musk’s stance serves to reaffirm the credibility of the cryptocurrency space, especially when it comes to potential scam tokens trying to capitalize on the tech mogul’s name.
Elon Musk Denies Rumors of Twitter Stock Trading Tool Development!
The post Elon Musk Denies Rumors of Twitter Stock Trading Tool Development! appeared first on Coinpedia Fintech News
Rumors have been circulating on the social media platform Twitter that Elon Musk’s team is developing a tool that would enable users to trade stocks directly on the platform. Several accounts have been circulating this news, but the billionaire CEO himself has denied the claims, stating that “no work is being done on this to the best of my knowledge.” When asked about the possible implementation of a crypto trading feature, Musk did not answer directly. Some users have argued that turning Twitter into a centralized exchange would be an outdated approach and that a new model beyond peer-to-peer is needed.
Why Was Twitter Renamed ‘X’? Elon Musk Reveals His Vision and Reasons Behind the Change
Elon Musk, the prominent tech tycoon and prolific tweeter, has once again captured the attention of the online world as he spearheads Twitter into an exciting new era. The social media giant is currently undergoing a remarkable transformation, bidding farewell to its avian branding and soaring ahead with a fresh identity, ‘X’, following its acquisition by Musk’s X Corp.
Musk’s Vision: Why ‘X’?
Musk, the newly minted CTO of X, took to the freshly rebranded platform to elaborate on the decision. The billionaire, who is known for his irreverent and often cryptic tweets, assured users that this transformation transcends mere nomenclature.
“Twitter made sense when it was just 140 character messages going back and forth – like birds tweeting – but now you can post almost anything, including several hours of video,” Musk tweeted.
He explained that the new name aligns better with his ambitious vision for the platform.
Elon Musk’s vision for the platform, now called ‘X’, includes comprehensive communications, finance, and payment-related services, broadening the horizons of the micro-blogging site.
Doge Tease
In a playful exchange, Musk disclosed that the team had considered, albeit jokingly, rebranding to a Shiba Inu, a dog breed popularized by the meme-inspired cryptocurrency, Dogecoin. Nevertheless, he conceded that the idea had “no impact.”
Although the doggie rebranding didn’t make the cut, the Shiba Inu still managed to grab some spotlight. Elon Musk’s endorsement of Dogecoin in his bio led to a staggering 10% surge in the cryptocurrency’s price. The 24-hour trading volume experienced an astonishing 500% increase, reflecting the fervent interest among traders. Presently, Dogecoin is trading at $0.077, a significant uptick from the 24-hour low of $0.071.
Read More: Elon Musk Triggers a Limited Dogecoin (DOGE) Price Rally; Will it Shed All the Gains?
Say Your Goodbyes to the Blue Bird
As the excitement settles surrounding this unexpected announcement, all eyes from across the globe are fixated on the future of ‘X’, the platform formerly known as Twitter. Once recognizable by its blue bird logo and short message format, the platform now stands on the brink of a dramatic shift in focus and functionality.
Elon Musk Triggers a Limited Dogecoin (DOGE) Price Rally; Will it Shed All the Gains?
Although the crypto markets experience a consolation at the moment, the price of Dogecoin witnesses a massive breakout. Reason? Substantially, Elon Musk!
In a recent update, Elon Musk appears to have added the DOGE symbol to his bio on Twitter, after which the prices spiked enormously. The prices soared from the lows of $0.07 to mark an intraday high of $0.0779. However, the prices are currently correcting the gains, as it trades around $0.0744 at the moment. So what can be expected from the DOGE price rally when the trade approaches the monthly close?
The DOGE price recently broke above the descending trend a few days ago and is trying to breach the crucial 200-day EMA levels. Once the price rises above these levels, the token may reach the first target at $0.09. During the bearish reversal, the price may either continue to consolidate along or just below the current levels or reach the lower support at $0.06, which appears less likely.
Now that Elon Musk has again jumped in support of the token, probably aiming to reclaim the position at $0.1, many may believe a bullish breakout may be imminent. Hence, the presumed CEO may have included ‘X D’ in his bio, which is speculated to be TwitterX and Dogecoin. Crypto Twitter is speculating that TwitterX may use the token DOGE as a payment option, and when it realized it was a rumor, it triggered a correction.
Hence, Dogecoin may have again fallen into the ‘buy the rumor and sell the news’ event as the rise appeared to be more fabricated than natural.
Elon Musk Teases DOGE on Rebranded Twitter, Sparks Soaring Price Action
Elon Musk’s playful antics on social media have stirred the crypto universe yet again. The Tesla and SpaceX CEO, and now the Twitter owner, updated his Twitter location to ‘X Ð’, a mystifying blend of Twitter’s new logo and the symbol for Dogecoin.
Dogecoin And Musk’s Magic Touch
Dogecoin, the market’s leading meme coin, has seen a significant uptick following Musk’s recent changes on Twitter. The fun-loving cryptocurrency, inspired by a popular internet meme, saw its price surge by 2.76% in 24 hours to trade at $0.074, at the time of writing.
The digital token’s lively community seems to have found renewed enthusiasm, continuing to secure its position as the top meme coin in terms of market capitalization. This week, Dogecoin escalated to the eighth position among all cryptocurrencies, bolstering its market value by over $1 billion.
Musk’s Love for the Meme Coin
During the Wall Street Journal CEO Council Summit in Q2 2023, Musk couldn’t hide his fondness for Dogecoin, dubbing it his favorite cryptocurrency. He stated that it wasn’t just the coin’s potential in the crypto space that intrigued him, but also its whimsical character.
However, Musk clarified that he isn’t in the business of dispensing financial advice, particularly about investments in cryptocurrencies. While he might find the humor in Dogecoin irresistible, he underscored that making investment decisions should not be taken lightly.
Dogecoin’s Bullish Performance
As of July 24, Dogecoin’s market value stands at an impressive $16.29 billion, a leap from $15.54 billion just a month prior on June 22. This reflects an increase of over $759 million, translating to a 4.82% gain against the U.S. dollar for the top meme coin economy.
The last 30 days have seen Dogecoin surge by nearly 10%, including a 1.3% rise against the U.S. dollar in the previous week alone. With the currency’s future looking bright, it’s clear that Musk’s Twitter antics continue to generate waves in the crypto community, keeping Dogecoin at the forefront of the crypto conversation.
John Deaton Appeals Elon Musk to Combat XRP Scam Bot Invasion on Twitter!
The post John Deaton Appeals Elon Musk to Combat XRP Scam Bot Invasion on Twitter! appeared first on Coinpedia Fintech News
Twitter users are once again facing an influx of fraudulent accounts related to Ripple and XRP. The situation has become so extreme that legal expert John Deaton has appealed to Elon Musk on Twitter for help. The lawyer defining XRP holders hopes the tech billionaire will lend his expertise to resolve the issue as the scams are causing widespread frustration among users. The problem has reached a tipping point after a court ruling last week declared that XRP is not a security. This has triggered a surge in scam bots and frauds on Twitter. The infiltration of these bots undermines the integrity of social media platforms and poses risks to unsuspecting users who may fall victim to fraudulent schemes.
Elon Musk’s Tesla Faces SEC Scrutiny Following Senator Warren’s Elon Musk
US Senator Elizabeth Warren has sent a letter to the US Securities and Exchange Commission (SEC) requesting an investigation into the relationship between Tesla, led by elon musk 
elon musk founder, ceo at tesla, spacex Elon Musk is an enthusiastic cryptocurrency believer, quivering the crypto world through his sparkling tweets. He has a complex relationship with cryptocurrencies. His tweets solely are responsible for the crypto volatility. Musk splendidly purchased $1.5 billion in the king of cryptocurrency. He was born on June 28, 1971, and is based in Pretoria, South Africa. His mother is Maye musk and his father is Errol musk, he is a South African electromechanical engineer, pilot, sailor, consultant, and property developer.
He graduated from the University of Pennsylvania, earning a bachelor’s degree in Arts and physics, and the Wharton School, earning a bachelor’s degree in science, and economics. Musk was honored by Axel Springer Award, an annual award given to remarkable personalities who are extremely innovative, build new markets and change markets, shape culture, and confront their social responsibility.
In 1995, Elon Musk and Greg Kouri founded a web software company called ZIP2. The company developed and marketed an Internet city guide for the newspaper publishing industry, with maps, directions, and yellow pages.X.com and PayPal: in 1999, he co-founded X.com which is an online financial service and email payment company. Space X: on 14, March 2002 he founded space x company which provides space transportation services.
On July 1, 2003, he founded TESLA. Tesla is an electrical vehicle and clean energy company which designs and manufactures electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and so on. His other activities involve SolarCity and Tesla Energy, Neuralink, the boring company, Managerial style and treatment of employee Hyperloop, openAI music, and ventures. Etc. he made $165 by selling PayPal to eBay. And was first listed on the Forbes Billionaires List in 2002, with a total net worth of $2 Billion. [email protected] EntrepreneurInvestorChief Executive Officer 
, and the social media platform Twitter.
The letter, directed to SEC Chair gary gensler 
gary gensler chairman at US Securities and Exchange Commision Gary Gensler is an enthusiastic leader and the current chair of the U.S. Securities and Exchange Commission (SEC). He has the extreme experience that spans wall street, government regulation, and an angel teaching about cryptocurrencies and blockchain at MIT. He announced several initiatives to enhance investor protections in the $2 trillion cryptocurrency market. He previously led the Biden-Harris transition’s federal reserve, Banking, and securities regulation agency review team.
He was awarded Treasury’s highest honor, the Alexander Hamilton Award, and also was a recipient of the 2014 Frankel Fiduciary Prize. He was born on October 18, 1957, into a Jewish family, in Baltimore, Maryland. Graduated from the University of Pennsylvania, earning a Master’s degree in Business Administration. Additionally, he is also a professor at the MIT Sloan School of management. He has served in various governmental roles since the 1990s, such as the treasury department, Sarbanes-Oxley, CFTC, Swaps, Enforcement, Libor investigation, Maryland Financial Consumer Protection Commission, Securities, and Exchange Commission.
Gary Gensler will probably keep on filling in as seat of the SEC until 2026, accepting his renunciation. He has expressed his desires to present crypto-related approach changes later on that include token commitments, decentralized finance, stablecoins, guardianship, exchange-traded resources, and advancing stages. A few officials as well as his kindred SEC magistrates have scrutinized Gensler for not giving adequate administrative direction on crypto, possibly prompting a standoff between Congress and the association.
The SEC, CFTC, and Financial Crimes Enforcement Network handle advanced resource guidelines in the U.S., however, each with various jurisdictional cases, bringing about an interwoven methodology that crypto firms should explore to work legitimately. Whether 2022 will see a more clear way for organizations in the crypto space is questionable, yet the cosmetics of the SEC’s initiative will fundamentally change following the takeoff of chief Elad Roisman in the first month of the year. Chief Allison Lee’s term is likewise set to terminate in June 2022. Chairman , raises concerns about potential conflicts of interest within Tesla’s board of directors and emphasizes the need for scrutiny regarding the interconnectedness of the company.
Senator Warren Urges SEC Investigation into Tesla’s Connection with Twitter
Elizabeth Warren, the Democratic Senator from Massachusetts, has written a nine-page letter to the SEC, urging them to investigate the links between Elon Musk’s Tesla and the social media platform Twitter. The letter raises concerns about possible conflicts of interest, misappropriation of corporate assets, and potential negative consequences for Tesla shareholders as a result of their connection.
Warren pointed out that when considering the lack of action and inadequate disclosures, it raises concerns about potential breaches of securities laws and exchange regulations that fall within the SEC’s purview. Additionally, these remarks reflect Warren’s previous expression of similar concerns to Tesla Chair, Robyn Denholm, in 2022.
Also Read: SEC Initiates Review of Recent Bitcoin ETF Applications
Concerns about Elon Musk’s Alleged Conflicts of Interest
Elon Musk acquired Twitter for $44 billion, including $13 billion in debt, after selling billions of dollars worth of Tesla stock. He then appointed himself as CEO and utilized employees from Tesla and SpaceX to assist with Twitter operations. Elizabeth Warren expressed concern over the potential violations of labor laws and inadequate disclosure to Tesla shareholders regarding the collaboration between the two companies.
Despite the recent appointment of a new Twitter CEO, Warren believes that Musk still maintains control as the CTO and executive chairman, creating a conflict of interest. She, therefore, has called for an investigation into this.
China and the US on the Verge of AI Collaboration, Says Elon Musk
Elon Musk has once again emphasized the importance of regulating artificial intelligence (AI). During a recent discussion, Musk highlighted the significant role of artificial general intelligence (AGI) and its impact on human history. He stressed the need for careful regulation to address potential risks.
China’s Surprising Move: Willingness to Collaborate?
Breaking the mold, China expresses readiness to collaborate with the United States on AI regulation. How might this unexpected alliance shape the global AI landscape?
Contrary to common assumptions, Musk revealed that China is willing to collaborate with the United States and other countries on AI regulation. This unexpected openness presents an opportunity for positive engagement, even amidst strained relations between the two nations.
Musk drew a parallel to the regulation of nuclear technology, emphasizing the importance of managing AI development responsibly. During a Twitter discussion, Musk was joined by US Representative Ro Khanna, who stressed the importance of seeking expert guidance in understanding AI within Congress. Both experts acknowledged the delicate balance between regulation and innovation, with Musk cautioning against stifling AI progress while advocating for informed oversight.
Moreover, Musk also expressed concerns about finding the right balance between regulation and fostering innovation. He cautioned that excessive regulation could hinder the United States while China surges ahead in AI development. To address this, Musk proposed a sequential approach: gaining valuable insights through industry collaboration before implementing necessary oversight measures.
AI, Only Solution to End Digital Warfare
While highlighting the immense power of AI, Musk emphasized the shared goal of preventing governments from being controlled by digital superintelligence. He called for a focus on preserving our planet and avoiding digital warfare.
Interestingly, Musk revealed that China has shown genuine interest in working with the global community on AI regulation, dispelling the notion of complete antagonism between the two countries.
He concluded,
“People don’t realize but it is difficult to understand the power of AI for the general public unless there are easy-to-use products like ChatGPT and Mid journey.”
Governments Unite for AI Regulation, Really?
Undoubtedly, this development in AI regulation, championed by Musk and supported by China’s openness, marks an exciting chapter in the evolving landscape of technology. However global collaboration and thoughtful oversight stand as guiding principles for responsible AI practices, shaping a future where AI serves as a force for positive change while safeguarding humanity’s collective well-being.
Elon Musk and Jack Dorsey Criticize Meta’s Threads
Renowned tech figures Elon Musk and Jack Dorsey have taken to social media to express their criticism of Meta’s Threads, a text-based app introduced by the social media giant formerly known as Facebook.
Elon Musk, the CEO of Tesla and SpaceX, took to Twitter to express his concerns about the privacy and security implications of Meta’s Threads. Musk highlighted the potential risks associated with centralized messaging platforms, stating that users should be cautious about sharing sensitive information on such platforms.
Responding to a Twitter user’s comment on social media monopolies, Musk stated, “Any social media monopoly is despair.”
In addition, Jack Dorsey, Twitter co-founder, joined the conversation, responding to a user’s disappointment with the absence of certain features on Threads. Dorsey emphasized the lack of user choice in removing algorithmic elements and pointed to Instagram as an example.
In a lighthearted remark, the screenshot of Mark Zuckerberg discussing with the Facebook users, stating ”that if you ever need info about anyone of Harvard, I have 4000 emails, pictures, address” where Dorsey commented that “We wanted flying cars, instead we got 7 Twitter clones.”
Dorsey raised questions about Meta’s data handling practices and its impact on user privacy. He even emphasized the importance of decentralized and open-source alternatives that prioritize user control and security.
Twitter Considers Legal Action Against Meta Over Threads Development
Meta, formerly known as Facebook, has faced scrutiny over its data practices in the past. The launch of Threads has once again put the company under the spotlight, drawing attention to its handling of user data and the potential implications for privacy.
Reports have emerged that Twitter is contemplating legal action against Meta. Twitter alleges that Meta hired former Twitter employees and misused their trade secrets during the development of Threads. Elon Musk has shown support for fair competition while strongly condemning any form of cheating.
The criticism from Musk and Dorsey has ignited a broader discussion within the tech community about the potential drawbacks and risks of centralized messaging platforms.
As the debate surrounding Meta’s Threads intensifies, the future of the app remains uncertain. The response from Meta and the potential legal actions pursued by Twitter will undoubtedly shape the trajectory of this ongoing conversation.
Did Elon Musk sell $1.4 Billion Dogecoin tokens to Buy Alex The Doge coin?
In the world of cryptocurrency, rumours and speculation can drive significant market movements, making the boundary between fact and fiction increasingly blurred. One such rumour currently circling the crypto-verse is that Elon Musk, the CEO of Tesla and SpaceX, known for his affinity for Dogecoin (DOGE), has allegedly sold $1.4 billion of his DOGE tokens to buy into a new meme-based cryptocurrency, Alex The Doge (ALEX). But how much truth is there to this claim?
Elon Musk and Dogecoin (DOGE)
Elon Musk’s support for Dogecoin (DOGE) has been both vocal and consistent. His tweets about the meme-based cryptocurrency have made headlines on multiple occasions, each time causing significant shifts in its price. The speculation that Musk might have sold a portion of his Dogecoin (DOGE) holdings to invest in Alex The Doge (ALEX) stems from a sudden, large-scale movement of Dogecoin (DOGE) tokens coinciding with a surge in Alex The Doge’s (ALEX) presale.
The Rise of Alex The Doge (ALEX)
Alex The Doge (ALEX) is the newest member of the meme-crypto family. It incorporates the viral nature of meme coins and the profit potential of Play-to-Earn (P2E) gaming platforms. This dual nature of fun and functionality has made Alex The Doge (ALEX) appealing to investors, contributing to the hype around its presale.
Did Musk Make the Swap?
While the timing of the Dogecoin (DOGE) token movement and Alex The Doge’s (ALEX) presale surge is interesting, it’s important to note that correlation does not imply causation. As of this writing, there’s no concrete evidence linking Musk to this transaction.
While Musk has publicly supported Dogecoin (DOGE) in the past, he has made no public comments about Alex The Doge (ALEX). Cryptocurrency investments are private and typically kept anonymous, making it difficult to verify if Musk is indeed involved in the alleged transaction.
It’s also worth noting that Musk’s public support for a cryptocurrency doesn’t necessarily mean he holds a significant personal stake in it. His influence on the crypto market often stems from his stature as a tech entrepreneur rather than his investment choices.
Implications for Investors
Investors must be cautious of rumours in the crypto market, particularly when they involve well-known personalities like Elon Musk. While it’s tempting to ride the wave of speculation, it’s important to remember that investing in cryptocurrencies should be based on thorough research and an understanding of the project’s fundamentals, rather than hearsay.
Alex The Doge (ALEX), despite being a newcomer, presents potential for growth with its blend of meme culture and Play-to-Earn model. However, its success, like all cryptocurrencies, is not guaranteed and is subject to various risks and uncertainties.
Conclusion
In summary, while it’s intriguing to consider the possibility of Elon Musk swapping Dogecoin (DOGE) for Alex The Doge (ALEX), it remains an unverified rumour. Whether you’re an experienced trader or a novice investor, making informed decisions based on accurate information and sound understanding should always be at the forefront of your investment strategy.
For more information about Alex The Doge (ALEX) presale use the links down below:
Is Elon Musk a Dogecoin Whale? Did Musk Sell 1.4 billion worth of DOGE?
A lawsuit worth $258 billion claims that Tesla’s Elon Musk played a part in a massive Dogecoin pyramid scheme. This revelation has sent shockwaves through the cryptocurrency community and sparked a legal battle. Cryptocurrency influencer Keyur Rohit took to his Twitter handle and explained via a long thread about the lawsuit.
The court documents reveal that Musk allegedly sold a staggering 1.4 billion Dogecoins, amounting to over $124 million, over a two-day period in April. These sales coincided with a Twitter event that gave Dogecoin significant attention, leading to a surge in its popularity. The lawsuit suggests that Musk’s actions were part of a plan to manipulate the market and artificially inflate Dogecoin’s price, causing harm to investors.
Musk’s lawyer has strongly denied the allegations, stating that they lack any basis or merit. The defense argues that Musk’s involvement with Dogecoin has always been transparent and driven by his playful approach to cryptocurrency. “Musk’s lawyer vehemently denies these allegations, calling them baseless and without merit,” he said.
Musk, known as the “Dogefather” among Dogecoin enthusiasts, often tweets and jokes about the digital asset, creating excitement and speculation within the community. He wrote on Twitter, “The courtroom drama is set to unfold as the judge determines the truth behind Musk’s alleged involvement with #Dogecoin!”
Musk’s tweets have been known to cause fluctuations in cryptocurrency markets, a phenomenon referred to as the “Musk effect.” This has fueled speculation that Musk may secretly hold a good amount of Dogecoin, making him the mysterious “Dogecoin whale” that many have speculated about.
A group of Dogecoin investors has accused Musk of manipulating the market. They claim that his influential position and massive social media following enable him to sway public opinion, thereby boosting the price of Dogecoin.
Elon Musk & Robert F. Kennedy Jr. Debate Bitcoin, Cryptocurrencies, AI
The post Elon Musk & Robert F. Kennedy Jr. Debate Bitcoin, Cryptocurrencies, AI appeared first on Coinpedia Fintech News
On Monday, Elon Musk and Robert F. Kennedy Jr. (a presidential candidate) held a live discussion on Twitter Spaces. The event, hosted by Elon Musk, focused on Bitcoin and central bank digital currencies (CBDCs). The discussion delved into various tech ideologies, including AI and social media censorship. Kennedy expressed his assurance to support cryptocurrencies and effectively implement them in the United States. He pledged to protect Bitcoin from interference by central authorities. Kennedy referred to digital currencies as an “innovation engine” that acts as a counterforce against centralized financial authorities.
Elon Musk Invites Robert Kennedy Jr. for Twitter Spaces Interview
As we approach the 2024 Presidential elections, the importance of the cryptocurrency market narrative is becoming increasingly important. The current regulatory framework for cryptocurrencies in the United States has received a lot of criticism. This has led the industry to eagerly await a new presidential candidate and government that can provide a stronger and more comprehensive framework.
In the latest news, it has been reported that CZ, the CEO of binance 
binance [email protected] Centralised Exchange 
, openly showed his support for Ron DeSantis, a presidential candidate who is known for being in favor of cryptocurrencies. More recently, elon musk elon musk founder, ceo at tesla, spacex Elon Musk is an enthusiastic cryptocurrency believer, quivering the crypto world through his sparkling tweets. He has a complex relationship with cryptocurrencies. His tweets solely are responsible for the crypto volatility. Musk splendidly purchased $1.5 billion in the king of cryptocurrency. He was born on June 28, 1971, and is based in Pretoria, South Africa. His mother is Maye musk and his father is Errol musk, he is a South African electromechanical engineer, pilot, sailor, consultant, and property developer.
He graduated from the University of Pennsylvania, earning a bachelor’s degree in Arts and physics, and the Wharton School, earning a bachelor’s degree in science, and economics. Musk was honored by Axel Springer Award, an annual award given to remarkable personalities who are extremely innovative, build new markets and change markets, shape culture, and confront their social responsibility.
In 1995, Elon Musk and Greg Kouri founded a web software company called ZIP2. The company developed and marketed an Internet city guide for the newspaper publishing industry, with maps, directions, and yellow pages.X.com and PayPal: in 1999, he co-founded X.com which is an online financial service and email payment company. Space X: on 14, March 2002 he founded space x company which provides space transportation services.
On July 1, 2003, he founded TESLA. Tesla is an electrical vehicle and clean energy company which designs and manufactures electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and so on. His other activities involve SolarCity and Tesla Energy, Neuralink, the boring company, Managerial style and treatment of employee Hyperloop, openAI music, and ventures. Etc. he made $165 by selling PayPal to eBay. And was first listed on the Forbes Billionaires List in 2002, with a total net worth of $2 Billion. [email protected] EntrepreneurInvestorChief Executive Officer has invited Robert Kennedy Jr. for an interview on Twitter Spaces. This announcement has generated a lot of excitement within the crypto community.
Musk Invites Kennedy for Twitter Spaces Chat
Elon Musk, the billionaire known for being a Dogecoin enthusiast, has reached out to 2024 presidential candidate Robert F. Kennedy Jr. for an interview on Twitter Spaces. This invitation follows a previous session where the billionaire CEO of Tesla engaged in a conversation with Florida Governor Ron DeSantis, which was seen as a way to launch his own presidential campaign.
Robert F. Kennedy Jr., a presidential candidate seeking the Democratic nomination, has embarked on a challenging campaign. He has caught the attention of the crypto community due to his strong support for Bitcoin. Kennedy Jr.’s outspoken admiration for cryptocurrencies and his vocal critique of government-backed central bank digital currencies (CBDCs) have raised eyebrows within the industry.
Kennedy Jr. has openly expressed his opposition to CBDCs. He has also spoken about his concerns with the government’s potential control and surveillance over US citizens.
Also Read: Economist Predictions: Federal Reserve Signals Pause on Rate Hikes Amid Debt Ceiling Suspension
“That is why I oppose CBDCs, which will vastly magnify the government’s power to suffocate dissent by cutting off access to funds with a keystroke.”
Elon Musk’s Agenda Behind Interviews
Elon Musk, a well-known personality in the crypto community and a vocal supporter of the meme-based cryptocurrency Dogecoin, has shown a strong interest in the upcoming U.S. elections. There are speculations that Musk’s recent invitations for Twitter Spaces interviews with political figures serve as a way for him to improve his public image. By engaging with candidates from both major parties, Musk aims to demonstrate impartiality and portray himself as someone who is open to diverse perspectives.
Would you like to do a Spaces discussion with me next week?
— Elon Musk (@elonmusk) June 2, 2023
Even though the entire crypto community is looking forward to this discussion between Elon Musk and Robert F. Kennedy Jr. there has been no response from either Kennedy or his team.
There is anticipation over this conversation as it may provide more insight into Kennedy Jr.’s Position on digital currencies and its wider implications for the financial system as a whole.
Elon Musk Faces Lawsuit as Dogecoin Investors Accuse the Billionaire of Insider Trading
In a shocking turn of events, billionaire entrepreneur Elon Musk, the CEO of SpaceX and Tesla, finds himself embroiled in a legal battle as he faces accusations of insider trading from a group of Dogecoin investors.
Is Elon Musk Under Radar?
Investors have proposed a class action lawsuit against Elon Musk, CEO of Tesla Inc (TSLA.O), accusing him of insider trading and manipulation of the cryptocurrency Dogecoin, leading to losses amounting to billions of dollars.
Investors filed a lawsuit in a Manhattan federal court on Wednesday night, alleging that Elon Musk exploited Twitter posts, compensated online influencers, his 2021 appearance on NBC’s “Saturday Night Live”, and other publicity maneuvers to trade Dogecoin profitably through several wallets controlled by him or Tesla, all at their expense.
The investors further claimed that Musk’s actions led to a significant increase in Dogecoin’s price when he sold approximately $124 million of the cryptocurrency in April. This followed his replacement of Twitter’s blue bird logo with Dogecoin’s Shiba Inu dog logo, which resulted in a 30% surge in Dogecoin’s value. It’s worth noting that Musk acquired Twitter in October of the previous year.
The filing stated that Musk engaged in a “calculated strategy of hype, market manipulation, and insider trading,” allowing him to deceive investors while promoting himself and his companies.
Musk’s attorney, Alex Spiro, chose not to comment on the matter on Thursday. Similarly, a representative for Tesla and the attorney representing the investors did not immediately respond to requests for comments.
Musk, who is recognized as the world’s second-wealthiest individual by Forbes magazine, has been accused by investors of intentionally inflating Dogecoin’s value by over 36,000% over a two-year period, only to let it plummet thereafter.
DOGE Investors Want Justice
The lawsuit, filed by a coalition of investors, alleges that Musk manipulated the Dogecoin market for personal gain. The plaintiffs claim that Musk’s tweets and public statements about Dogecoin were part of a calculated strategy to inflate the cryptocurrency’s price, allowing him to profit at the expense of other investors.
Elon Musk, known for his active presence on Twitter, has been a vocal supporter of cryptocurrencies, particularly Dogecoin. His tweets have often led to significant fluctuations in the value of the meme-inspired cryptocurrency. However, this is not the first time that his actions have led to legal repercussions.
The recent accusations form part of a proposed third revision to a lawsuit that began in June of the prior year. Musk and Tesla had previously attempted to dismiss the second revised complaint, labelling it as a “fantastical narrative”. However, U.S. District Judge Alvin Hellerstein, on May 26, indicated that he would probably permit the third revised complaint, suggesting that the defendants would not suffer undue harm.
The lawsuit is presently lodged in the U.S. Court for the Southern District of New York, which holds Musk responsible for his purported insider trading and market manipulation activities concerning Dogecoin.
Elon Musk Reveals Reason Behind Dogecoin Investment Here Is Our Reason Behind Tradecurve
Tesla and SpaceX CEO Elon Musk, has been a huge supporter of the Dogecoin cryptocurrency however, he has rarely discussed why he specifically likes the cryptocurrency. Whenever Musk talks about DOGE, the price will typically be affected in a positive way as investors want to capitalize on its publicity. In a talk in London, Elon Musk reveals the reason behind the famous Dogecoin investment and we will go over the reason why Tradecurve is a smart choice for investors.
Summary:
- Elon Musk likes Dogecoin due to its humor, and because it incorporates dogs.
- Unlike previous mentions of the meme-coin, this time, it did not spike in value.
- Investors are eyeing Tradecurve as it is a new project, and its TCRV utility token can spike by 100x.
Why Elon Musk Invested in Dogecoin
Elon Musk spoke at the Wall Street Journal’s CEO Council Summit, which was held in London. He discussed numerous topics, but one specifically caught the attention of cryptocurrency enthusiasts. Musk spoke surrounding the Dogecoin cryptocurrency and how he likes the meme coin due to its humor and because it incorporated dogs. He went on to say that he would not advise anyone to bet their life savings on cryptocurrencies or on Dogecoin.
When we go over the value of the Dogecoin cryptocurrency, as of May 25, 2023, it traded at $0.070737. In the last 30 days, the cryptocurrency decreased in value by 10%. DOGE saw a decrease of 4.6% in the last week, meaning that it did not spike after being mentioned this time.
How Tradecurve Can Change The DeFi Space Forever
Tradecurve and its utility token, TCRV, do not target the meme-coin category. Instead, this is a hybrid exchange with one-of-a-kind features. On most exchanges that are centralized, like Binance and Coinbase, for example, users are restricted.
From needing to complete KYC requirements to be able to trade cryptocurrencies exclusively and paying high fees, it can be difficult for a newbie to get started. Due to geographical reasons, or government-specific restrictions, some derivatives cannot be traded in specific countries on a global scale.
Tradecurve is a hybrid exchange that combines the best elements of CEXs and DEXs and will provide a borderless and truly free experience for anyone. Users will not need to complete KYC, and the exchange will have the lowest fees in the industry.
The TCRV token trades at $0.012 during its Stage 2 presale, and at Stage 3, it will increase to $0.015. Analysts have predicted that TCRV can climb 50x during the presale and 100x at launch. TCRV will also get listed on most Tier-1 CEXs and on the Uniswap DEX, and investors who want to make the most out of it can get it during its presale stage, where the value is low.
Learn more about Tradecurve and its utility token at the links below:
Website | Buy TCRV Presale Tokens | Twitter | Join Community on Telegram
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Elon Musk Steps Down, Meet the New Twitter CEO – Linda Yaccarino
The post Elon Musk Steps Down, Meet the New Twitter CEO – Linda Yaccarino appeared first on Coinpedia Fintech News
Elon Musk said that he has found a new CEO for Twitter, or X Corp. as it is now known, and she is a woman. He did not name her but stated that she will begin in about six weeks. According to the Wall Street Journal, NBCUniversal executive Linda Yaccarino is in talks to become Twitter’s CEO. One Twitter employee hinted that former Yahoo CEO Marissa Mayer could be a prospective candidate. Former YouTube CEO Susan Wojcicki and Shivon Zilis, a prominent executive at Musk’s brain-chip business Neuralink, were also mentioned in Blind talks.
What if Elon Musk Jumps in Support of PEPE, Will DOGE, SHIB & FLOKI Prices See a Massive Drop?
PEPE token price is on the rise! Despite multiple warnings by the top analysts of the markets, the market participants are currently flying with the PEPE coin mania, as the trading volume is the 3rd largest with more than $2 billion after Bitcoin and Ethereum. Although the price has dropped from the intraday high, it appears to be under bullish influence and could trigger a rebound in no time.
Besides, Tesla and Twitter CEO Elon Musk, who is a proponent of meme-coins like Dogecoin, Shiba Inu, Floki, etc., remains silent on the ongoing PEPE price rally. Mr. Musk has always elevated the price heavily whenever he has mentioned any of the tokens; the price has surged gigantically. Hence, a mention from the Twitter CEO may eventually lift the PEPE price within the top 20 very soon.
On the other hand, tough competition between memes like Floki and PEPE is going on as both tokens were listed on Binance, which elevated both prices by a huge margin. However, the PEPE price is undergoing significant bearish pressure, which may intensify very soon.
The PEPE price soared finely during the previous trading day and is presently testing the lower support region of the Bollinger Bands. As the bearish volume has accumulated and the RSI is constantly plunging down, the price may also break down below the lower support and trigger a fine rebound.
Currently, PEPE is only a couple of billion away from the SHIB market cap, which is around $5.8 billion. A big blow to the meme-coin market cap may be when Elon Musk jumps in support similar to FLOKI’s price which surged by 300% previously.
Why is Dogecoin Going Down? Elon Musk Dumped DOGE Again?
While the crypto markets continue to maintain a stagnant trend, the price of Dogecoin witnessed a massive plunge of nearly 8%. The price dropped from the interim highs of around $0.09 and is currently trading around $0.084. The reason behind the gigantic fall is the same as the one that led the price to rise so high a couple of days before.
Tesla and Twitter CEO, Elon Musk, who openly promotes Dogecoin, recently changed the Twitter logo from the bluebird to DOGE. This led to a lot of speculation and interpretation, propelling the price by more than 20%. However, the upswing failed to clinch the highs above $0.1, as the bears restricted the price to $0.092.
In the recent update, the logo was removed and the original logo was restored. This created massive FUD among the market participants, who began to liquidate, creating massive selling pressure. The descending trend may further drag the price lower to its initial levels very soon.
The DOGE price maintained a silent trend along the lower trend line until the logo was replaced, which shot up the price to reach the upper resistance in no time. However, the price, which had already begun to consolidate, dropped heavily as the original logo was restored.
Presently, the price is testing one of the interim supports at 50-day MA levels in the short term which may not be held tightly.
The RSI is heading towards oversold levels, while the strength of the rally calculated by the ADX is also plunging down. This may drive the price lower to reach the support levels, which reside along the lower trend line of the rising wedge pattern.
Hence the bearish cartel may not remain aloof from the Dogecoin (DOGE) price and the investors need to thoroughly look out for short-term swings which are largely impacted by external factors.
Elon Musk Pushes for Dismissal of Massive $258B Dogecoin Lawsuit
The post Elon Musk Pushes for Dismissal of Massive $258B Dogecoin Lawsuit appeared first on Coinpedia Fintech News
Elon Musk’s lawyers have requested a US judge to dismiss a $258 billion lawsuit filed by Dogecoin investors, accusing Musk of promoting a pyramid scheme for the cryptocurrency. The lawsuit alleged that Musk drove up Dogecoin’s price by over 36,000% and then let it crash. However, Musk’s lawyers argued that his tweets about Dogecoin were “innocuous and often silly” and too vague to warrant a fraud claim. They referred to the lawsuit as a “fanciful work of fiction” and attempted to convince the judge to throw out the case.
Elon Musk, Bill Ackman, Peter Schiff Caution US Fed, and FDIC Ahead of FOMC Rate Hike
The ongoing banking crisis has induced a lot of uncertainty in the financial markets around the world. The signs of a market recession continue to pop from the developed markets, including the United States. With the fear of more bank runs, confidence in Bitcoin, among other risky assets, has significantly spiked in the recent past.
Moreover, Bitcoin price has printed its largest weekly gain amidst the banking crisis. Additionally, United States federal officials are exploring ways to allow the FDIC to temporarily insure deposits beyond the current $250,000 cap on most accounts without having to get approval from Congress.
With the risk of hyperinflation similar to Venezuela, Sri Lanka, and Argentina, among other nations, the value of Bitcoin is expected to skyrocket in the coming years. Furthermore, mainstream adoption is expected to kickstart the next parabolic crypto bull run.
Uncertainty from the Elite
The Fed monetary policy statement on interest rates is expected to be released tomorrow, as economists argue whether the Fed should pause or drop the rate to bolster the financial crisis. Accor to billionaire Bill Ackman, the Fed should pause the interest rate hikes or decline during tomorrow’s FOMC statement.
“I continue to believe that the best course of action is a temporary FDIC deposit guarantee until an updated insurance regime is introduced, for if bank number five is closed, the market’s attention will move to banks six, seven, and eight,” Ackman noted.
His argument was, however, countered by Peter Schiff, who noted a pause would be catastrophic for the dollar.
As such, Elon Musk noted that the Fed should drop the interest rate by at least 50 bps to save the economy.
Elon Musk Takes on CNBC’s Jim Cramer on Crypto Twitter
Famous market analyst, host of Mad Money on CNBC, and an anchor on Squawk on the Street, Jim Cramer has lately found himself on the wrong side of the market. Notably, Cramer’s investment ideas have turned out to be a meme, with most investors opting to short his ideas.
Cramer Lauds Defunct Silicon Valley Bank
Recently, Cramer lauded the defunct Silicon Valley Bank (SVB) just one month before it collapsed. He told his viewers that the bank’s stock price was “cheap” and ripe for a rebound this year after getting hammered in 2022.
Inverse Cramer Tracker ETF Outperforms the Market
Interestingly, an inverse Cramer tracker ETF has outperformed the market, thus making the CNBC host a joke to the investment circle. The Inverse Cramer Tracker ETF began trading on the Chicago Board Options Exchange on March 2. The ETF offers short exposure to Mad Money Host Jim Cramer’s stock recommendations.
Cramer Urges Viewers to Dump Bitcoin
During a Mad Money show earlier this week, Cramer urged his viewers to dump Bitcoin due to market uncertainties.
On the contrary, Bitcoin price is up over 28 per cent in the past seven days to trade around $26.2k on Friday. “I would sell my Bitcoin into this rally, believe me, and I had been a believer in BTC,” Cramer said.
Musk Approves!
Following the recent happenings with Cramer’s investment ideas, investors are more confident in shorting the veteran host. As a result, Dogecoin founder Shibetoshi Nakamoto indicated that Cramer is good at his job for directing investors correctly in the opposite direction. In response, Musk noted that the investment force is great with inverse Cramer.
Cramer’s Tracker ETF Garners Attention
Already, a Twitter account dubbed inverse Cramer has over 217k followers with huge online activity.
After Twitter, Elon Musk To Buy Collapsed Silicon Valley Bank (SVB)? Here’s The Complete Truth
Silicon Valley Bank (SVB) in the United States was shut down by regulators as a result of Silvergate Capital Corp’s abrupt closure and SVB’s careless fundraising. The abrupt collapse has resulted in the carnage in startup industry stocks in the United States.
This follows the collapse of Silvergate. Silvergate Bank’s parent business announced plans to wind down operations and liquidate the bank. The statement came after the bank reported $1 billion in losses in the fourth quarter of 2022 as a result of the failure of FTX, one of Silvergate’s major clients.
The entire crypto ecosystem is in disarray, but one person stands out as a ray of hope for the industry: Elon Musk, CEO of Twitter. Let’s explore.
Elon Musk Hints At Buying Collapsed Silicon Valley Bank
The Co-Founder & CEO of Razer, Min-Liang Tan has said in a recent tweet that Twitter should buy SVB and become a digital bank.
The entire crypto industry was surprised when Musk responded to this by saying that he’s open to the idea.
After months of uncertainty and turmoil, Musk, the world’s richest man at the time, acquired Twitter in a $44 billion deal last year.
California banking regulators are taking action to protect depositors as the startup-focused lender faces an existential crisis. It’s unclear what plans Elon Musk might have with SVB.
Musk, on the other hand, has been intent on constructing everything app X for Twitter, and it may be a big deal if he gets the financial infrastructure ready with the SVB acquisition. Also, Musk has revealed his goal of turning Twitter into the biggest financial institution.
Exposure to the SVB
The ripple effect of Silicon Valley Bank’s closure is expected to spread to the cryptocurrency industry as well. Circle, the USDC stablecoin issuer, reportedly has significant exposure to Silicon Valley Bank. Tether, the company that issues the USDT stablecoin, has said that they have no exposure to SVB.
Other participants in the blockchain industry with links to Silicon Valley Bank (SVB) include Blockchain Capital, Castle Island Ventures, Dragonfly, and Pantera.
XRP Lawyer John Deaton Says He Will Replace Elon Musk as SEC’s ‘Most Hated’, Says It a War
John Deaton, who is an attorney advocating for the XRP community in the ongoing legal case, has called the XRP enthusiasts for a mission.
In response to the regulatory threat posed by the US Securities and Exchange Commission, John Deaton has requested the community to stick together. He wants the community to think out of the box, discuss ideas and create strategies amid the SEC backlash.
Deaton has been an outspoken advocate for XRP and believes that cryptocurrency should not be classified as a security. Ripple has vigorously denied the SEC’s allegations, arguing that XRP is not a security and that the company did not conduct an unregistered securities offering.
Regardless of whether something is a security, who distributed it, or the circumstances surrounding it, everything in the crypto market is now subject to regulation, in Deaton’s opinion, as a result of the SEC’s recent moves.
He wrote on Twitter, “Technically, it was 12,600 #XRPHolders who joined the motion to intervene (today the putative class is more than 75K). But think about the motion to intervene: Thousands of retail digital asset holders asked a Federal Judge to make them actual defendants in a case!”
The thousands of XRP holders who have intervened in the SEC-Ripple lawsuit, according to Deaton, show the “volumes of the public interest” in the matter. Deaton advised his audience to think differently and continued, saying that there is a “war” going on between all the companies and the SEC.
In December 2020, the US Securities and Exchange Commission filed a lawsuit against Ripple Labs.
The outcome of the legal battle between Ripple and the SEC is still uncertain, and it is unclear what the long-term implications will be for XRP and other cryptocurrencies. However, the case has underscored the need for greater regulatory clarity in the cryptocurrency industry
Elon Musk Names New Twitter CEO, Dogecoin, Floki Inu, and Shiba Inu Price Surge
The meme lord godfather, Elon Musk, has shocked the Floki (FLOKI) community after naming him the new CEO of Twitter. As of the early Asian trading market, Floki was trading around $0.00002949, up 41.1 percent in the past 24 hours.
The daily traded volume has gone parabolic to stand around $53,355,135 on Wednesday, up 250 percent in the last 24 hours. The tech billionaire has noted that Floki has great numbers, thus the reason for the CEO appointment. Notably, Floki takes pride in over 410k Twitter followers, 36k Telegram followers, and over 110k YouTube subscribers.
The Floki tweets by Musk have attracted huge attention with each having over 100k likes in the first hours of tweeting. Notably, Musk’s favorite Dogecoin has risen approximately 6 percent in the past 24 hours to trade around $.0869. Moreover, Musk has retweeted the idea that dog-themed meme coins are part of the social media’s board of directors.
With Twitter preparing to add payment features, the Floki and Dogecoin community anticipates they will be part of the plan. Thereby giving them real-world utility.
Why Floki?
As one of the top ten meme coins by market capitalization, the Floki ecosystem has grown to a globally traded coin. The Floki coin was recently listed by Australia’s largest exchange CoinSpot. Additionally, the Floki network recently announced a strategic partnership with Pyth Network to launch the FLOKI/USD price feed and integrate Pyth Network oracle within the Floki ecosystem.
In a bid to give the Floki coins value, the Floki DAO recently approved the burn of 4.97 trillion tokens worth approximately $102 million.
Media Mogul Rupert Murdoch and Elon Musk Spark Dogecoin (DOGE) Discussion At Super Bowl
The Dogecoin (DOGE) community was delighted by Elon Musk’s unexpected support during this year’s Super Bowl over the weekend.
While wearing a Dogecoin-themed t-shirt, Musk was spotted sitting next to media mogul Rupert Murdoch, the owner of the Fox empire and this year’s broadcaster of the Super Bowl. Notably, Musk sparked a social media debate after insinuating that Dogecoin was a topic of discussion with Murdoch.
Musk was replying to a tweet by Genevieve Roch-Decter, a former $100 million money manager, that questioned the topic of discussion between the two billionaires.
The tech billionaire has been pushing for different organizations including McDonald’s to accept Dogecoin as a form of payment. With Twitter already working on a payment feature, it is anticipated that this meme-coin will be a top priority.
Dogecoin: Price Analysis & Market Outlook
The Dogecoin price bounced back from $0.1 after the January crypto relief rally. The second largest proof-of-work (PoW) secured blockchain after Bitcoin enjoys a global user base of about 5,145,693. As such, the bulls are likely to take over from the current price of about $0.0832.
Dogecoin price, however, continues to give a neutral perspective with possibilities of more consolidation in the coming weeks. As a result, over $2.39 million has been liquidated from the Dogecoin market according to the latest update from Coinglass.
On the daily time frame, the 50 and 200 MA just turned out to be supported despite Bitcoin’s death cross. If Dogecoin follows Baby Doge in price action, then the former is likely to rally beyond $0.155 to fully invalidate the 2022 bear market.