Tag: Dogecoin

Dogecoin Jumps 4% on Elon Musk Tweet

Popular dog-themed cryptocurrency dogecoin (DOGE) jumped about 4% in a handful of minutes following a tweet mention from Elon Musk. DOGE’s price spiked to as high as $0.072 from $0.069 late Wednesday morning after Musk’s post. The token just as quickly pared some of its gains and was trading at just under $0.070 at press time, still ahead about 2%…

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Dogecoin Investors Decry ‘Dirty Tactics’ by Elon Musk Lawyers in Insider Trading Case

Lawyers representing a group of Dogecoin investors who are suing Tesla CEO Elon Musk want the billionaire’s lawyers thrown out for misconduct, according to a new court filing in the case. In a filing submitted to the federal court in Manhattan, the DOGE investor lawyers called on the judge to disqualify Musk’s attorneys for showing a pattern of “deprecating and…

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Elon Musk Had Fun With Dogecoin – Bloomberg

Still there are other problems with the lawsuit. One problem is that the plaintiffs are suing Musk for insider trading and securities fraud, which only works if Dogecoin is a security. Is it? Well. Almost every cryptocurrency, other than Bitcoin and maybe Ether, is probably a security under US securities law, at least in the view of the US Securities and…

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Elon Musk accused of insider trading by dogecoin investors

In a Wednesday night filing in Manhattan federal court, investors said Musk used Twitter posts, paid online influencers, his 2021 appearance on NBC’s “Saturday Night Live” and other “publicity stunts” to trade profitably at their expense through several dogecoin wallets that he or Tesla controls. Investors said this included when Musk sold about $124 million of dogecoin in April after he replaced Twitter’s blue bird logo…

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Elon Musk $258 billion Dogecoin lawsuit expands | Reuters

The $258 billion racketeering lawsuit accusing Elon Musk of running a pyramid scheme to support the cryptocurrency Dogecoin has expanded, adding seven new investor plaintiffs and six new defendants including his tunnel construction business Boring Co. According to an amended complaint filed on Tuesday night in Manhattan federal court, Musk, his electric car company Tesla Inc, his space tourism company…

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