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Tesla Sold Out 75% Of Its Bitcoin Holding Due To Incident Of liquidity Of The Company Given COVID-19 Related Shutdowns In China
Cryptocurrency

Tesla Sold Out 75% Of Its Bitcoin Holding Due To Incident Of liquidity Of The Company Given COVID-19 Related Shutdowns In China

In the letter sent to Tesla shareholders by Elon Musk, Tesla's head, he revealed that he sold 75% of their Bitcoin holdings and accumulate a total of $936 million. Tesla revealed how he fought the inflation and economic meltdown in its full Q2 2022 financial report. He explained he sold the Bitcoin because of the incident of liquidity of the company given COVID-19. He further stated that the massive sold-out should not be taken as any verdict on the flagship cryptocurrency. Read Also: Anonymous Ethereum Whale Acquired $1.7 billion worth of Future Contract And Become 7-month Biggest Hourly Volume Candle In Market Orders Elon Musk, A crypto Influencer Elon Musk also made it known that Tesla hasn’t sold any of its Dogecoin. Musk has become the major promoter and influencer of crypto...
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 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...