SpaceX

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…

Musk's tweets are shaking the markets again - including Tesla. Specifically, Elon Musk created a Twitter poll to decide whether he could sell 10% of his Tesla shares. The sale could be worth $25 billion. As a result, Tesla crypto tokens dropped 6.8%. Tesla shares in premarket trading soon followed, dropping 5%. The CEO of Tesla and SpaceX decided to engage his Twitter followers on the question of unrealized capital gains. On Saturday, Musk tweeted that he would sell 10%…

Facebook’s Libra is still facing barriers as it is trying to come up with a new international payment system and financial infrastructure. Recently, Binance Research released a report which noted that the cryptocurrency project may turn things around in the payments industry similar to the transformation within the space travel industry by SpaceX. Last year, Facebook said it was planning to launch Libra, a digital currency to be managed by the Libra Association, a Swiss-based consortium of independent members. The…