Altcoin News by Thebittimes.Com

The plaintiff's brought up Musk’s Saturday Night Live appearance in 2021, where he portrayed "a fictitious financial expert" and called Dogecoin “a hustle,” resulting in a steep price decline minutes later. Elon Musk and his lawyers reportedly requested a United States judge this week to dismiss the $258 billion lawsuit filed by investors who alleged that he operated a pyramid scheme to promote the cryptocurrency Dogecoin (DOGE). According to an April 1 Reuters report, Elon Musk's lawyers stated that the lawsuit against Musk – which was filed by Dogecoin investors in June 2022 – a “fanciful work of fiction," in Manhattan's federal court on March 31. Musk's lawyers explained that his support shown for Dogecoin on social media – including comments such as “Dogecoin Rulz” and “no highs, no lows, only Doge” – was “too vague” to warrant a fraud claim. The lawyers noted: “There is nothing unlawful about tweeting words of support for, or funny pictures about, a...

Elon Musk was making headlines once again. This time, it was not because of Twitter. As Tesla’s market cap dipped below $500 billion, Musk’s ‘world’s richest person’ title tumbled. Amidst this, news of Musk selling off more Tesla shares came to light. As per a US securities filing, the CEO of the electric-vehicle maker had sold shares worth $3.38 billion. JUST IN: Elon Musk sold $3.38 billion in $TSLA shares. — Watcher.Guru (@WatcherGuru) December 15, 2022 Musk did not mention the motive pertaining to his latest sale. However, on Tuesday, the Twitter CEO tweeted, “At risk of stating obvious, beware of debt in turbulent macroeconomic conditions, especially when Fed keeps raising rates.” Following this, the total Tesla stocks sold by Musk over the past year surged to nearly $40 billion. It should be noted that Musk initially started selling Tesla shares to fund his $44 billion Twitter acquisition. Back in November, Musk got...

Elon Musk’s created quite an uproar while taking over the ownership of social media giant Twitter. Musk was clearly prepping for this acquisition for quite some time as he was seen selling his Tesla shares at several intervals. The most recent one, however, occurred just days after his big $44 billion acquisition. It was recently brought to light that the Tesla CEO had sold a whopping 19.5 million shares of the electric vehicle maker. These shares were reportedly worth $3.95 billion. A US securities filing revealed this data. JUST IN: Elon Musk sold $3.95 billion worth of $TSLA shares in the past week, SEC filings reveal — Watcher.Guru (@WatcherGuru) November 9, 2022 It should, however, be noted that the filings did not reveal if the latest transactions were planned ahead. As mentioned earlier, over the last couple of months, Elon Musk, the richest man in the world was seen bidding adieu to his Tesla shares. Back in April, Musk went on to dispose of a total of...

Tesla and its CEO Elon Musk have had a love-hate relationship with Bitcoin [BTC]. Musk created quite the buzz after dropping support for the king coin and reducing Tesla’s BTC holdings over the last couple of months. Despite this, the electric car manufacturer continues to hold $218 million worth of Bitcoin. Just yesterday, Tesla released its Q3 earnings report and noted how the firm did not add or sold its Bitcoin holdings since the last quarter. It should be noted that the firm sold 75 percent of its Bitcoin holdings back in June. This was roughly $936 million worth of BTC and afterward, the firm was left with $222 million in BTC by the end of June. Back in February 2021, Tesla declared that it entailed $1.5 billion invested in Bitcoin. However, as mentioned earlier, the firm got rid of nearly $950 million worth of BTC. Elaborating on the reason behind this sale, Musk stated during the Q2 investor call, “It was important for us to maximize our cash position, gi...

Rome wasn’t built in a day, and it will also take some time for every country on Earth to adopt BTC. Source: https://thebittimes.com/global-bitcoin-adoption-is-still-in-its-infancy-but-here-s-how-it-might-accelerate-tbt25719.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam Category: Bitcoin News Post by: TheBitTimes.com