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Elon Musk To Face Legal Action For His Intention To Decline From Buying Twitter.
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Elon Musk To Face Legal Action For His Intention To Decline From Buying Twitter.

According to Elon Musk’s letter, He intends to end the $44 billion Twitter deal on Friday to Twitter’s board. The letter stated that Musk is terminating the merge because Twitter “appears to have made false and misleading representations,” claiming that Twitter was not clear about its process for auditing spam and fake account and identifying do away with such accounts. More also Musk express his mood about the ongoing news that the Lawsuit filed will force Twitter to share the data surrounding bot activity. Read Also: Web3 Protocol Once On Terra Blockchain Migrates To Polygon. The comment was not that suit the community as captured by the community that commented on his tweet. For instance, some see this act of Elon Musk as breaking the law. https://twitter.com/Ann...
Still On The Elon Musk’s Promise; Musk’s Vegas Loop Company Starts Accepting Dogecoin As Payment For Rides.
Dogecoin

Still On The Elon Musk’s Promise; Musk’s Vegas Loop Company Starts Accepting Dogecoin As Payment For Rides.

The centibillionaire the CEO of SpaceX, Tesla, Elon Musk has not ceased supporting Dogecoin as the news came yesterday that his tunnel construction firm The Boring Company (TBC) has raised support on the Dogecoin, allowing customers to pay for rides on its Las Vegas transit system using the largest meme cryptocurrency, Dogecoin. Read Also: Canadian Food Tech Company, WeCook To Support Dogecoin, XRP, And Some Other Cryptocurrencies As Payment The updates were revealed on the Twitter page Mishaboar, capturing the news on CNBC,  the new payment option through BitPay show on Friday, a day after the opening of its new loop station at the Las Vegas Convention Center. https://twitter.com/elonmusk/status/1544743525585141761 Howbeit, the centibillionaire hasn’t officially announ...
Elon Musk Displays More Support For Dogecoin Despite The Lawsuit Filed Against Him
Cryptocurrency

Elon Musk Displays More Support For Dogecoin Despite The Lawsuit Filed Against Him

Despite the lawsuit against Elon Musk for promoting Dogecoin, He said is not giving up on Doge. He made this known on his Twitter page. The centibillionaire made it known that he is buying more Doge. Just as a means of showing love for Dogecoin after wishing his followers a happy Father’s day. Read Also: Binance To Switch Its Current Payments Partner In Brazil To Proffer Solutions For Users https://twitter.com/elonmusk/status/1538406040374595585 According to the Binance exchange, the price of the Bitcoin parody soared by nearly 13% on the Binance exchange because of Musk’s tweets. DOGE hit an intraday high of $0.05877. Elon Musk, the Dogefather As initially reported how Musk dubbed himself  “The Dogefather” ahead of his “Saturday Night Live” hosting debut that too...
Elon Musk To Reimburse Investors Sum Of $86 Billion, Plus Pay Double That In Damages — An Additional $172 Billion.
Press Release

Elon Musk To Reimburse Investors Sum Of $86 Billion, Plus Pay Double That In Damages — An Additional $172 Billion.

Elon Musk, a centibillionaire, and CEO of Tesla and SpaceX had filed $258  billion for promoting Dogecoin which lead to the loss of a huge amount of money by the investors. Keith Johnson who claims to be one of the investors says he lost money after  investing in dogecoin and described himself as an “American citizen who was defrauded” by what he called a “Dogecoin Crypto Pyramid Scheme.” Read Also: QUIC Protocol Will Be Implemented on the Solana Network To Eradicate Performance Declination 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. Since the inception of Dogecoin’s promotion by Musk, investors have lost almost $86 billion according to...
Dogecoin (DOGE) Gets Elon Musk’s Nod as a Payment Option for Tesla and SpaceX Merchandise
Cryptocurrency

Dogecoin (DOGE) Gets Elon Musk’s Nod as a Payment Option for Tesla and SpaceX Merchandise

Tesla Merchandise can now be purchased using the meme-coin with the use of Dogecoin as a payment option for SpaceX merch to be integrated soon. Elon Musk”s announcement on the Dogecoin integration as a means of payment can be seen in the tweet below: https://twitter.com/elonmusk/status/1530209049261658112 Mr. Musk’s announcement of Dogecoin integration as a payment option for Tesla and SpaceX merchandise was met with excitement by the crypto and DOGE communities. Read Also: Terra Goes Live With New Blockchain and LUNA Airdrop Some DOGE community members asked Elon Musk whether Dogecoin will soon be accepted as a payment option for Tesla vehicles and even Starlink subscriptions. Below are some samples in response to Elon’s announcement on Dogecoin payment for Tesla and SpaceX...
Dogecoin “Proof of Assets” to Arrive on Binance: Details
Cryptocurrency

Dogecoin “Proof of Assets” to Arrive on Binance: Details

As stated by the DogeDesigner, a UX/UI specialist and graphic designer at Dogecoin Foundation, "Proof of Assets" for Dogecoin might soon arrive on Binance following the community's persistent push for it. "Proof of Assets" is a wallet that should contain an equal number of real Dogecoins matching the BSC-Doge supply, which had not been available on Binance all the while. Read Also: Cardano Experiences Main Milestone of 700,000 Users https://twitter.com/cb_doge/status/1526185654840807426 As stated by the bscscan data, over 649,132 addresses are holding BSC-DOGE on the BSC Network. "Proof of Assets" also applies in the context of other cryptocurrencies such as LTC, ADA, and XRP, which are currently available on Binance. "Proof of Assets" indicates on-chain behaviors ...
Elon Musk Authenticates Dogecoin Has Potential as Currency
Cryptocurrency

Elon Musk Authenticates Dogecoin Has Potential as Currency

Elon Musk has again called the meme coin “people’s crypto” to highlight its widespread appeal. Because of its inflationary operation, Dogecoin is a viable currency since it encourages people to spend more. People are unlikely to hoard the meme coin since it doesn’t work as a store of value. Read Also: SHIB Spike 25% as Token Gets Listed on Top Middle East Crypto Exchange Bitcoin, on the other hand, is a disinflationary currency, which makes it “not a good substitute” for transactional currency, according to Musk.  That said, the Tesla boss has previously expressed doubts as to whether Dogecoin will be able to replace fiat. Just last month, Robinhood CEO Vlad Tenev suggested that Dogecoin was a much cheaper alternative to popular card networks. For this to happen, the...
Elon Musk To Serve As Temporary Twitter CEO After Finalization: Report
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Elon Musk To Serve As Temporary Twitter CEO After Finalization: Report

With the Twitter-Musk deal expected to be completed soon, new reports reveal that the billionaire will be set up as temporary CEO. Tesla and SpaceX CEO Elon Musk is expected to temporarily take the CEO position at the social media giant Twitter, after the deal to buy the firm is concluded. Read Also: Terra Bypasses Tesla As It Becomes The Second-largest Corporate Holder Of Bitcoin As stated by a report by CNBC on Thursday (May 5, 2022), anonymous sources revealed that Musk will serve as Twitter’s CEO for a few months after the takeover of the company. Parag Agrawal, who is currently at the helm, began his leadership position at Twitter back in November 2021, after taking over from Jack Dorsey. The latter is a well-known bitcoin proponent who stepped down after year...
219 Billion SHIB Bought by Major Shiba Whale as Token Spikes by 10%
Cryptocurrency

219 Billion SHIB Bought by Major Shiba Whale as Token Spikes by 10%

Ethereum investor "BlueWhale0073" continues scooping up Shiba Inu, purchasing the meme token in the billions. His most recent purchase of the canine cryptocurrency was almost 5x bigger than the one made last week. 219 billion Shiba grabbed by a whale, with 2 trillion bought earlier WhaleStats has reported another significant purchase of the second-largest canine token by market cap—Shiba Inu. Over 12 hours ago, a staggering 219,332,229,787 SHIB were sent to the whale's 0x66e092fd00c4e4eb5bd20f5392c1902d738ae7bc wallet. This is the equivalent of $5,454,792 in fiat. Read Also: Here's Why Dogecoin Becomes One of the Top Purchased Coins for BSC Whales. https://twitter.com/WhaleStats/status/1518696687107440640 notwithstanding, the whale has already sol...
Dogecoin Back to Top 10 as Twitter Receives Elon Musk’s Buyout Deal
Cryptocurrency

Dogecoin Back to Top 10 as Twitter Receives Elon Musk’s Buyout Deal

Dogecoin (DOGE), the original meme cryptocurrency, has once returned to the CoinMaketCap top 10. It is currently valued at roughly $22 billion. Twitter has conceded the centibillionaire, Elon Musk’s offer to acquire the social media giant for roughly $44 billion, according to an official press release. Read Also: Here's Why Dogecoin Becomes One of the Top Purchased Coins for BSC Whales. The price of meme cryptocurrency soared to an intraday high of $0.1711 shortly after the announcement. The company’s shareholders will receive $54.20 per share, which marks a whopping 38% premium. The Tesla boss claimed that it was a “final” offer.     It's not clear when the transaction will be finalized since the massive deal requires regulatory approval.    As stat...