Tesla CEO Elon Musk finds himself at the center of a legal dispute with a group of Dogecoin investors claiming he manipulated the cryptocurrency. Now, the plaintiffs allege that Musk is financing an “unlawful harassment campaign” against them.
Elon Musk has been accused of insider trading by investors who alleged that he manipulated the price of the cryptocurrency Dogecoin, causing them to lose billions of dollars.
Investors have claimed that Tesla and Twitter CEO Elon Musk ran a pyramid scheme to boost the price of the popular Dogecoin cryptocurrency, and are suing Musk for $258 billion in damages.
The price of Bitcoin increased by around four percent on Monday after Tesla CEO Elon Musk tweeted that he was in discussions with North American Bitcoin miners about the environmental sustainability of the cryptocurrency.
An anti-Elon Musk cryptocurrency coin called $STOPELON has reportedly joined the digital currency market following Musk’s negative comments about Bitcoin.
Vice News reports that Bitcoin and cryptocurrency users are extremely upset with Tesla CEO Elon Musk after it was announced that Tesla would no longer accept Bitcoin as payment citing environmental concerns.
Tesla and SpaceX CEO Elon Musk has called for a new carbon tax in a recent social media post, just days after announcing that Tesla would no longer be accepting Bitcoin as payment due to environmental concerns.
Elon Musk, the CEO of Tesla and a major proponent of cryptocurrency, has announced that the company will no longer accept Bitcoin as a form of payment for its cars citing Bitcoin mining’s “great cost to the environment.”
Elon Musk’s SpaceX is reportedly now accepting the cryptocurrency Dogecoin as payment and plans to launch a satellite to the moon named DOGE-1 paid for entirely with the cryptocurrency.
An anonymous donor has generously paid adoption fees for 21 pups living at a shelter in Daytona Beach, Florida.
