First Mover Americas: BTC Little Changed, On Track to End August Down 8%

Photo of author

By Maya Cantina

First Mover Americas: BTC Little Changed, On Track to End August Down 8%

Dogecoin is one of the few tokens that bucks the trend, rising almost 0.7%. A Manhattan judge has dismissed a lawsuit alleging that Elon Musk and Tesla manipulated the price of DOGE by exploiting Musk’s social media influence and public statements. Statements cited in the lawsuit included his claims to “become the CEO of Dogecoin,” put a “literal Dogecoin on SpaceX and fly it to the moon,” and that “Dogecoin could become the standard for the global financial system.” Judge Alvin Hellerstein said the statements were “aspirational and exaggerated,” not factual claims, and therefore no reasonable investor would rely on them.

Source link

Leave a Comment