Cryptocurrency News TheBitTimes.com

The American billionaire is being sued for $258 billion in a racketeering lawsuit alleging Musk ran a pyramid scheme to support Dogecoin. On Apr. 3, social media giant Twitter change d its icon to that of the symbol on the popular meme token Dogecoin (Doge). Just two days prior, Elon Musk, CEO of Twitter and Tesla, asked a U.S. judge to dismiss a $258 billion lawsuit filed by investors alleging the operation of a pyramid scheme to promote Dogecoin. The Twitter icon as it appears at the time of publication (Twitter) Dogecoin is up sharply in light of the news, with its price surging by more than 22% in the past hour to $0.09784 apiece. The icon change took place platform-wide and is directly visible by the social media giant's estimated 360 million monthly active users, and visitors to the platform alike. Musk's lawyers reportedly argued that "funny pictures" and "tweeting words of support" do not amount to a fraud claim. This is a developing story and w...

Security vs. not a security has always been an ongoing debate in the crypto ecosystem. With the multi-billion dollar crypto market growing, investors have been waiting on how various financial regulatory agencies will regulate it. In fact, at the heart of SEC’s lawsuit against Ripple, the matter of dispute remains to be the same. The agency filed a lawsuit against the blockchain payments firm back in December 2020. They argued that its native XRP tokens fell under the “ security ” category and not the “currency” category. On Tuesday, Gene Hoffman, the CCO of blockchain project Chia took to Twitter to state that PoW assets like Bitcoin, Litecoin, and Dogecoin are not sec urities, while the likes of Ethereum, XRP, Solana , and Cardano are. he explicitly tweeted, “BTC, LTC, DOGE, XCH not securities. ETH, XRP, FTT, SOL, AVAX, ADA always have been.” In fact, a couple of days back, when Ethereum founder Vitalik Buterin opined on what he...

The owner of the internet-famous Shiba Inu dog posted on social media saying Kabosu is in a "dangerous position" after falling ill on Christmas Eve. Kabosu, the Shiba Inu dog behind the face of Dogecoin (DOGE) and the “doge” meme is in a “dangerous position” healthwise, according to her owner. In a Dec. 26 Instagram post that was then shared on Twitter, Atsuko Satō, a Japanese kindergarten teacher and Kabosu’s owner said the rescue dog was in a "dangerous" state, but assured her followers that she will “absolutely fine” and is “getting power from all over the world” (translated) from supporters. Satō pictured with an ill Kabosu. Image: Instagram The news brought an outpouring of support from followers. One Twitter user sending well wishes offered to fully cover “any expenses needed to make sure she gets the best treatment.” The co-creator of Dogecoin, Billy Markus, in a Dec. 26 tweet asked his two million followers to send “[love] and [prayers] and good vibes” to S...