The American billionaire is being sued for $258 billion in a racketeering lawsuit alleging Musk ran a pyramid scheme to support Dogecoin. On Apr. 3, social media giant Twitter changed its icon to that of the symbol on the popular meme token Dogecoin (DOGE). Just two days prior, Elon Musk, CEO of Twitter and Tesla,…
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Dogecoin rose to its highest point in over a week, as Elon Musk requested that a lawsuit filed against him by investors in the meme coin be dropped. The suit claims that Musk operated a pyramid scheme, following his endorsements of dogecoin. Litecoin was another token to climb on Saturday. Dogecoin (DOGE) Dogecoin (DOGE) climbed…
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Investors pointed to Musk’s portrayal of “a fictitious financial expert” during a Saturday Night Live appearance, where he referred to Dogecoin as “a hustle,” as a reference point in the lawsuit. Elon Musk and his lawyers reportedly requested a United States judge to dismiss the $258 billion lawsuit filed by investors who alleged that he…
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Signs of easing inflation could push Bitcoin and select altcoins above their respective overhead resistance levels in the short-term. Data from the Personal Consumption Expenditures (PCE) index showed an uptick of 0.3% in February, which lower than the 0.5% increase seen in January. Economists had projected a rise of 0.4% and the PCE data suggests…
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The largest meme coin DOGE is remarkably stable on Thursday after a failed attempt on Wednesday to flip resistance at $0.0771. Dogecoin price is trading 1.3% lower on the day, with $371 million in trading volume streaming in the 24-hour period. If bulls uphold support at $0.07, Dogecoin price would still be in a position…
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The crypto market corrected on news of the CFTC suing Binance and its CEO Changpeng Zhao, but technical charts reveal a silver lining. The news and events related to the banking crisis in the United States and Europe have led to a rotation of funds into investments considered less risky. According to the Financial Times,…
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Bitcoin and altcoins could see profit taking and risk-off positioning as the weekend approaches and investor concerns about Deutsche Bank arise. The European stock markets fell on March 24 on renewed fears that the banking crisis could rear its ugly head once again. The latest selling was triggered after Deutsche Bank’s credit default swaps, which…
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Litecoin was one of Thursday’s biggest gainers, as prices rose by as much as 13% in today’s session. This came despite the global crypto market cap shifting lower, down 1.65% as of writing. Dogecoin was also higher, as the meme coin rebounded from Wednesday’s losses. Litecoin (LTC) Litecoin (LTC) has been one of Thursday’s biggest…
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Bitcoin continues to trade near $28,000, signaling a strong demand from investors even as the legacy banking system struggles with unprecedented volatility. The takeover of the ailing Credit Suisse bank by UBS boosted European equity markets on March 20 but not everyone is happy with the deal. According to Swiss regulator FINMA, the value of additional…
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