A man says he’s lost his entire life savings and incurred extensive debt after falling for a fraudulent investment scheme featuring celebrity deepfakes. Kitchen builder Des Healey saw a fraudulent ad on Facebook featuring money-saving expert Martin Lewis and billionaire Elon Musk promoting a non-existent Bitcoin investment strategy, BBC reports. Healey replied to the ad […]
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Tesla CEO Elon Musk is often associated with Dogecoin after the businessman mentioned the memecoin on various channels in 2021.
A 2022 class-action lawsuit filed against Elon Musk and Tesla — alleging that the businessman manipulated the price of Dogecoin (DOGE) through media appearances and social media posts — was withdrawn by the plaintiffs on Nov. 14, 2024.
According to the legal filing, the plaintiffs have agreed to withdraw their appeal from the Second Circuit Court of Appeals and not seek any post-judgment relief from Musk and the automotive company.
Lawyers for the investors also waived their right to appeal the case in any United States court, and both sides have agreed to drop motions to sanction the other side over the lawsuit.
Bitcoin’s correction reflects investors’ inflation concerns and highlights the potential impact of future US fiscal policies.
Bitcoin (BTC) traded down by 4.1% on Nov. 14 following US inflation data that marginally exceeded market expectations. This decline mirrored the S&P 500 index futures, which fell from 6,023 to 5,980 over four hours.
As a result, traders are now questioning the extent of this correlation and when Bitcoin’s inflation-hedging attributes might offer some protection in an environment of persistent inflation.
S&P 500 index futures (left) vs. Bitcoin/USD (right). Source: TradingView
Brazil’s ban on X sparks a battle over free speech between Elon Musk and the legal authorities, leaving Brazilians and the local crypto community caught in the crossfire.
Brazil’s ban on social media site X has hit the Brazilian crypto community hard, as many in the blockchain industry — from researchers to influencers, fundraisers, conference organizers and accelerators — use the site as a critical means of communication and promotion.
On Aug. 30, almost 22 million users were cut off from X in Brazil, when Brazilian Supreme Court Justice Alexandre de Moraes found X to be allowing and promoting misinformation related to former Brazilian President Jair Bolsonaro.
The ban has caused Elon Musk’s social media company to lose one of its biggest markets.
The US Treasury Department says it expects to pay a whopping $1.157762 trillion in interest on the national debt for the fiscal year 2024. The interest represents the cost of borrowing money, which the government does by issuing Treasury bonds, bills and other securities. Interest payments have already totaled $1.05 trillion as of August, and […]
The post US Paying $1,157,762,000,000 in Interest on National Debt in One Year, Says Treasury Department, As Elon Musk Warns Government ‘Whistling Past the Graveyard’ appeared first on The Daily Hodl.
Ron Paul, a former U.S. representative and presidential candidate, has stated that even when it comes from proposals from high echelons of power, government efficiency is an oxymoron. Paul explains that governments are not individuals, and can’t rationally economize, because their decisions are politically based and cannot ever be “efficient.” Ron Paul Criticizes Proposed Musk-Led […]
Many X users have complained they have been unable to join the livestream of Elon Musk’s scheduled interview with Donald Trump on the platform.
X owner Elon Musk claims the social media platform “appears to” have been hit with a Distributed Denial-of-Service (DDoS) attack as his slated interview with presidential hopeful Donald Trump was set to kick off.
“There appears to be a massive DDoS attack on X. Working on shutting it down," Musk posted to X on Aug. 12.
It comes as technical issues plagued the X Space Musk and Trump were scheduled to hold at 8:00 PM Eastern US time as multiple X users complained they were unable to join. Those who have joined have only heard waiting music — neither Musk nor Trump have spoken.
Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.”
Tesla shareholders sued CEO Elon Musk and the vehicle maker’s board on Thursday, claiming Musk’s xAI startup is a “competing company” taking artificial intelligence talent and resources from the firm.
It comes the same day shareholders voted to restore Musk’s $44.9 billion pay package that a Delaware judge threw out in January.
Cleveland Bakers and Teamsters Pension Fund, Daniel Hazen and Michael Giampietro filed the June 13 stockholder complaint in Delaware’s Chancery Court on behalf of Tesla.
Billionaire investor Elon Musk will be stepping down as chief executive of Twitter and taking on other roles in the company. The owner of the microblogging platform revealed he has hired a new CEO, media executive Linda Yaccarino, who should be at the helm of the social media giant in less than two months’ time. […]
Tech investor Elon Musk intends to develop an artificial intelligence (AI) platform that will be “truth-seeking” and safe for mankind. Admitting he is starting late, the billionaire nevertheless vowed to try to present a “third option” that will challenge the products of giants Microsoft and Google. Elon Musk Slams Microsoft-Funded Openai, Google Founder for AI […]