Musk

Judge Clears Elon Musk and Tesla in Dogecoin Manipulation Case

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New York — A lawsuit accusing tech mogul Elon Musk and electric car giant Tesla of manipulating Dogecoin prices has been dropped. The decision marks a significant development in the ongoing debate surrounding cryptocurrency regulation and the influence of high-profile individuals on digital asset valuations. Filed in June, the case was brought forth by a group of investors alleging that Musk and Tesla, along with SpaceX, had artificially inflated Dogecoin’s value, causing substantial financial losses after the hype receded. Musk has frequently tweeted about Dogecoin, a cryptocurrency that started as a joke but has seen … Read more

Brazilian Court Halts Operations of X Following Dispute with Elon Musk

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São Paulo, Brazil — In a bold legal move, a Brazilian judge has imposed a temporary suspension on the highly popular social media platform X, formerly known as Twitter, raising tensions between the Brazilian government and billionaire entrepreneur Elon Musk, who owns the platform. The decision came amid concerns over the platform’s compliance with local laws and its role in the dissemination of misinformation. The suspension, which was announced late Thursday, was based on accusations that X failed to adequately respond to judicial orders regarding the regulation of harmful content. This includes the spread of … Read more

Elon Musk and Tesla Secure Legal Victory as Judge Dismisses Dogecoin Lawsuit, Citing Tweets as ‘Aspirational’

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New York — A lawsuit alleging that Elon Musk and his electric car company, Tesla, were involved in promoting Dogecoin as part of an illegal pyramid scheme has been dismissed by a U.S. judge. The judge ruled that Musk’s online endorsements of Dogecoin were “aspirational, not factual,” thereby dismissing the case that claimed financial damages due to the erratic fluctuations in the cryptocurrency’s value purportedly influenced by Musk’s tweets. The lawsuit centered on several tweets from Musk, who has frequently taken to Twitter to express his support for the meme-inspired digital currency. Plaintiffs contended that … Read more