In a last-minute move before Republicans took control of the US Securities and Exchange Commission (SEC) in January, the agency’s commissioners held a decisive vote on whether to sue Tesla CEO Elon Musk over his delayed disclosure of stock purchases in Twitter, now X. The investigation, which had been ongoing since 2022, focused on Musk’s...Read More
There has been a growing trend on the subreddit called ‘ElonMuskHate,’ where a group of users is reportedly attempting to short Tesla’s stock. According to a tweet by financial data platform ‘Unusual Whales,’ these traders are purchasing $100 puts for June 20, 2025, which signals their belief that Tesla’s stock will continue to drop in...Read More
A widespread outage hit X on Monday which affected users across the world. Many experienced connectivity problems early in the day, with error messages appearing on their screens. Downdetector tracked a peak of 40,000 complaints as the service remained unstable for several hours. A hacker group with alleged Russian ties, known as Dark Storm, has...Read More
Union groups have taken legal action against the United States Treasury, accusing it of unlawfully granting Elon Musk’s Department of Government Efficiency (D.O.G.E) access to sensitive financial and personal information. The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), the nation’s largest union organization, filed a lawsuit in a Washington, DC, federal court...Read More
Elon Musk, who leads President Donald Trump’s Department of Government Efficiency (D.O.G.E.), has called out the U.S. Treasury for approving fraudulent payments and suggested blockchain as a solution. His remarks came in response to concerns about inefficiencies and mismanagement in the Scott Bessent-led department. Could Blockchain Solve Treasury Fraud? The controversy started when Musk took...Read More
Elon Musk-owned electric vehicle maker Tesla reported a $600 million gain on its Bitcoin holdings in Q4, benefiting from a new accounting rule that allows companies to adjust digital asset valuations quarterly based on market prices. According to Arkham Intelligence, Tesla holds 11,509 BTC, currently worth approximately $1.19 billion. However, the company did not explicitly...Read More
It is “another milestone for the Everything App,” said X CEO Linda Yaccarino on Jan 28. “Visa is our first partner for the X Money account, which will debut later this year,” she added. The social media company will use Visa Direct, Visa’s solution for real-time money transfers, to load money into X Money’s wallet....Read More
Musk has begun to discuss using blockchain technology to streamline the government’s IT systems and cut unnecessary costs, according to recent reports. To wit, Musk is the new president’s official advisor on matters pertaining to government efficiency. President Donald Trump appointed him to head the DOGE: a White House office named the Department of Government...Read More
Those gains leveled out some by mid-afternoon US Central Time. Worldcoin’s WLD tokens were the tallest green candle for the day on Wednesday, with a 12% daily surge. Hyperliquid’s HYPE (8.6% gains) and Raydium’s RAY (8% gains) were the second and third most bullish tokens for the day. A few places down on the leaderboard...Read More
Biotech entrepreneur and prominent crypto supporter Vivek Ramaswamy has reportedly stepped down from his role as co-lead of the Department of Government Efficiency (DOGE). His decision is said to stem from a desire to run for governor of Ohio next year, with the current occupant of the seat, Mike DeWine, ineligible for reelection in 2026...Read More
The United States Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, the world’s richest man, for failing to disclose his acquisition of Twitter (renamed X) stock on time. According to the complaint, Musk started accumulating shares of Twitter common stock in early 2022 and, by March 14, had crossed the 5%...Read More
Musk will head the newly-created White House advisory office named D.O.G.E. It’s a play on the Texas techno king’s love for Dogecoin and an acronym that stands for Department of Government Efficiency. DOGE Aims to Whip Inflation Now We either fix this or go de facto bankrupt https://t.co/hmjpx6uBfd — Elon Musk (@elonmusk) December 26, 2024...Read More
Tesla and SpaceX CEO Elon Musk has shown his support for Pierre Poilievre, Canada’s pro-Bitcoin opposition leader. This follows Canadian Prime Minister Justin Trudeau’s announcement of his resignation on January 7, in the wake of the abrupt departure of his finance minister, Chrystia Freeland. The Endorsement Musk shared a video of Poilievre discussing inflation and...Read More
Vitalik Buterin, co-founder of Ethereum, urged Elon Musk to adopt a more measured tone in discussions surrounding the H1B visa program. The latest exchange comes amidst accusations of censorship and heated debates on X. Vitalik Buterin Weighs in on Musk’s Comments Buterin’s comments were in response to a tweet by Musk defending the H1B visa...Read More
The growing speculation surrounding a potential presidential pardon for Sam Bankman-Fried (SBF) has been fueled by high-profile figures and shifting political tides. A major Trump ally, Elon Musk, for one, will be “shocked” if US President Joe Biden does not grant an early pardon to the disgraced former CEO of FTX. Crypto, Politics, and Pardons...Read More
The major lawsuit against the future leader of the Department of Government Efficiency (D.O.G.E) will end soon, at least according to the most recent filings by both sides’ lawyers. Those representing the investors who sought a $258 billion payout withdrew their appeal from an earlier ruling by Judge Hellerstein, who sided with Tesla’s CEO in...Read More
Dogecoin had been climbing alongside other cryptocurrencies, but it gained an extra 5% earlier today following President-elect Donald Trump’s formal announcement of the creation of the Department of Government Efficiency, a.k.a. “D.O.G.E,” in a bid to foster “more efficiency and less bureaucracy” and ultimately “drive The American Dream.” This has fueled further enthusiasm and added...Read More
Dogecoin (DOGE), the leading meme coin, is making waves in the cryptocurrency realm as it has been soaring significantly following Donald Trump’s victory in the U.S. presidential election. Today, November 13, 2024, Trump announced that Elon Musk and Vivek Ramaswamy will lead a newly created Department of Government Efficiency, which is abbreviated as DOGE. DOGE...Read More
PNUT, a Solana-based meme coin, has witnessed an astronomical surge in trading activity, with its market cap skyrocketing to over $120 million less than three days after its launch. The meme coin was inspired by Peanut the Squirrel, a social media-famous pet squirrel that was recently confiscated and euthanized by the New York State Department...Read More
Elon Musk’s Tesla has moved almost its entire stash of 11,500 BTC worth around $760 million, according to Arkham Intelligence. There were 26 transactions in total on Oct. 15 to various w9allet addresses, it revealed. The Tesla holdings had been dormant for two years up until these latest transactions. The wallet balance is now zero,...Read More
Elon Musk, the CEO of Tesla Inc., has won the dismissal of a high-profile $258 billion lawsuit accusing him and his company of manipulating the price of Dogecoin (DOGE), the popular meme-based cryptocurrency. On Thursday, U.S. District Judge Alvin Hellerstein ruled in favor of Musk and Tesla, dismissing the claims made by a group of...Read More
On Aug. 12, X owner Elon Musk said there appeared to be a massive distributed denial-of-service (DDOS) attack on the micro-blogging platform, “working on shutting it down.” A DDOS attack aims to disrupt a website or service by flooding the network with spurious traffic in an effort to prevent users from accessing the site. “As...Read More
Tesla CEO Elon Musk has declared plans to support the America PAC, a political action committee supporting Donald Trump, the Republican presidential candidate for the upcoming United States election. According to a WSJ report, citing individuals familiar with the matter, Musk intends to devote $45 million monthly to this committee starting in July. Musk to...Read More
On March 13, Elon Musk said that Dogecoin might be accepted as a payment method for Tesla “at some point.” The comments came while Musk was addressing the public at a Tesla manufacturing plant in Berlin. Musk was asked by an audience member if the electric vehicles can be bought using DOGE in the near...Read More
X (formerly known as Twitter) has been a popular hook for scammers for over a decade now. However, the tactics employed in these schemes continuously evolve. What’s concerning is that many victims are still falling for scams because of misleading comments made by fake X accounts, leading them to phishing websites. X Fakes Fuel Phishing...Read More
Arkham Intelligence has revealed that Tesla currently possesses 11.51K BTC, valued at $780 million, distributed across 68 addresses, while SpaceX holds 8.29K BTC, totaling $560 million, spread across 28 wallets. These findings are substantiated by on-chain fund flows that align with financial disclosures from both companies. Tesla and SpaceX’s Vaults: $1.34B in BTC Holdings Laid...Read More
The Spanish data protection regulator, AEPD, has instructed Worldcoin to halt the collection of personal data in the country through scans and to refrain from utilizing any data already obtained. This precautionary action was announced on Wednesday after receiving numerous complaints regarding Worldcoin since last summer. These include concerns about the adequacy of information provided...Read More
Tesla has disclosed that it refrained from buying or selling any of its Bitcoin (BTC) holdings during the fourth quarter of 2023. This marks the sixth consecutive quarter without Bitcoin transactions for the electric vehicle (EV) manufacturer. Tesla’s Q4 Report The latest Q4 report did not mention Bitcoin, implying that the company did not sell...Read More
Grok, an AI chatbot with access to tweets from all over X and programmed to be as snarky as possible, is the principal product offered by xAI. The company is Elon Musk’s response to OpenAI – which he also co-founded. However, he later left after disagreements with Sam Altman and others over how to develop...Read More
A cryptocurrency trader who invested $10,000 in the meme coin Troll has recently realized a profit of over $1.03 million, thanks to capitalizing on Elon Musk’s updated bio description on X (formerly Twitter). On January 9, Musk altered his X profile description to “(CTO) Chief Troll Officer” and posted a message containing a similar phrase...Read More
