Elon Musk

According to a Financial Times report, CEO Elon Musk would like Twitter’s in-progress payment model to incorporate cryptocurrencies. Amid the mooted revelations, Musk’s favorite crypto Dogecoin experienced a notable surge in value. The token hit a daily high but retraced its steps soon after.  Elon Musk became Twitter owner and CEO on the 27th of October last year. Despite still being in the early days of the handover, Twitter has experienced a slew of makeovers in the last few months.…

While busy managing Twitter, Elon Musk has still been keeping up with the drama surrounding FTX and its former CEO, Sam Bankman-Fried (SBF). The billionaire has written numerous tweets this week signaling his distaste for SBF and media outlets covering him uncritically.  Musk began by ripping into the Wall Street Journal on Monday. The outlet published an opinion piece claiming that FTX ultimately failed “because Sam Bankman-Fried’s supporters lost confidence in him.” “Yeah umm … that is definitely not the…

Binance notoriously devoted $500 million to support Elon Musk’s buyout of Twitter, after the billionaire announced his offer in April.  The company’s CEO, Changpeng Zhao (CZ), has now provided a summary of its 6 primary reasons for doing so.  Binance Supports Free Speech According to a Twitter thread from CZ on Friday, Binance’s foremost reason for supporting the buyout is its support for freedom of speech.  “Twitter is the global Townsquare. From singers/athletes/movie stars to politicians/CEOs/entrepreneurs, the crypto community, and…

According to circulating reports, Twitter’s “Chief Twit” Elon Musk is set to introduce paid verification for the platform’s users. This is Musk’s first significant move since entering his new role at the company following the Twitter takeover. Musk finalized his Twitter purchase on October 27 and now, hardly 4 days later is doing some major restructuring.  Reports Claim Employees Must Comply or Be Fired Musk is reportedly leaving little room for question as he moves forward with his plans for…

Per a report, Tesla billionaire Elon Musk has plans to move forward with the initial $44B Twitter purchase. Amid a standing lawsuit, Musk could be set to purchase the leading social media platform at $54.20 for each share once again.  Sources Claim Elon Musk Revisits Twitter Deal Anonymous sources close to the matter claim Musk communicated the proposal via a letter to the company. After news of the proposal broke, Twitter shares began to climb. The stocks rose 12.67% over…

Some fake football tokens suddenly spiked on Wednesday after billionaire CEO Elon Musk announced in a tweet that he intends to buy Manchester United FC. However, when questioned on the authenticity of his announcement, the entrepreneur tagged it as a long-running joke. Musk Resucitates Defunct Coin With a Tweet On August 17, Tesla CEO Elon Musk made a tweet where he announced that he intended to purchase the soccer team Manchester United. Hours later, the MUFC token, a previously dead…

Tesla founder and CEO Elon Musk reaffirmed his support for the Doge ecosystem in a Friday interview on the Full Send Podcast. Musk who has always been vocal about his preference for the meme token rehashed his reasons for this.  According to the billionaire, Dogecoin has a far greater transactional capacity than king crypto Bitcoin.  DOGE Is a Better Choice in the Long Run Musk highlighted the transaction times of either blockchain to support his argument. Bitcoin processes transactions in…

The Boring Company, an Elon Musk-founded infrastructure and tunnel construction company, has embraced Dogecoin (DOGE) payments. CNN reported on July 6, noting that the firm integrated the meme coin payment option into Loop, its Las Vegas transit system. This integration symbolizes Musk’s latest support for the canine-themed meme coin. The DOGE payment option became available after the company launched a new Loop station at Resorts World. This is the first station outside the Las Vegas Convention Center, which already has…

The complainant labeled the now-struggling meme token Dogecoin a pyramid scheme.   The richest man in the world is facing a lawsuit filed after Dogecoin, the meme crypto he promoted, dropped to a nadir. The claimant, a certain Keith Johnson is demanding a settlement of almost $258 billion in damages. Johnson claims the defendant advertised Dogecoin as a legitimate investment when it was just "a pyramid scheme". He also desires that New York law bans the defendant from promoting the…