September 5, 2024 at 10:09 AM GST updated: September 5, 2024 at 09:22 AM 2 mins read News Companies have grown their Bitcoin holdings by 587% over the last four years, led by firms like MicroStrategy, Tesla, and Square. MicroStrategy alone holds over 152,000 BTC, having increased its Bitcoin reserves by more than 300% since…
Tesla CEO Elon Musk has expressed his eagerness to tackle excessive waste and regulations in the U.S. government, responding to a report that former President Trump is considering him for a role in auditing federal agencies. Musk emphasized the need to reduce wasteful spending to curb inflation and proposed forming a “government efficiency commission” to…
Elon Musk, the Chief Executive Officer (CEO) of Tesla, has suggested that Dogecoin (DOGE) may be reintroduced as a payment option for Tesla items. This comes after Tesla successfully defended against a lawsuit that accused them of manipulating the price of Dogecoin. Musk’s recent remarks have incited conjecture among the crypto community on the potential…
Elon Musk and Tesla Inc. successfully had a lawsuit dismissed that accused them of manipulating the price of dogecoin (DOGE) for personal gain. A U.S. District Judge in Manhattan ruled that the plaintiffs failed to provide convincing evidence, despite multiple revisions of their claims. The lawsuit alleged that Musk’s social media influence caused a 36,000%…
August 30, 2024 at 10:30 AM GST 2 mins read News A U.S. court dismissed a lawsuit against Elon Musk and Tesla, accusing them of manipulating Dogecoin’s price through public statements. The judge ruled that Musk’s tweets about Dogecoin were “aspirational” and not factual, rejecting claims of securities fraud. Plaintiffs failed to provide sufficient evidence…
Elon Musk, the CEO of Tesla Inc., has won the dismissal of a high-profile $258 billion lawsuit accusing him and his company of manipulating the price of Dogecoin (DOGE), the popular meme-based cryptocurrency. On Thursday, U.S. District Judge Alvin Hellerstein ruled in favor of Musk and Tesla, dismissing the claims made by a group of…
Elon Musk and his company Tesla faced a lawsuit for allegations of Dogecoin market manipulation. The token has not shown any significant price movements in the past day. The cryptocurrency sector confronts several legal complications on a daily basis. While regulatory bodies often stand central to such occurrences, there are instances when individual traders raise…
A recent price manipulation case against Elon Musk and his electric car company, Tesla, has been thrown out. It was alleged that the price of Dogecoin was manipulated, which led to $258 billion in losses. A US District Court judge tossed out the case in stating “no reasonable investor” could base their investment choices on…