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Showing posts with the label market manipulation

Elon Musk: Dogecoin Lawsuit Ends as Investors Withdraw Appeal

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The ongoing legal battle regarding Elon Musk’s connection with Dogecoin has come to an end, as investors have withdrawn their appeal. Indeed, the lawsuit had accused the Tesla CEO of manipulating the price of DOGE, accusing fraud and insider trading. However, that has officially come to an end, with investors in the cryptocurrency withdrawing their appeal. Additionally, Musk and Tesla have withdrawn their motion to sanction the opposition legal team over the lawsuit. The case was previously dismissed on August 29th, when investors had sought to continue taking legal action against Musk. JUST IN: Investors withdraw appeal and legal motion against Elon Musk, accusing him of rigging Dogecoin $DOGE and conducting insider trading. pic.twitter.com/gYQ7UPLWkf — Watcher.Guru (@WatcherGuru) November 15, 2024 Also Read: Elon Musk Says Dogecoin Flat Inflation is a ‘Feature’ Not a Bug Elon Musk Dogecoin Lawsuit Officially Ends After Appeal Withdrawal There is no denying the connec...

Polymarket faces US probe as Kalshi exec allegedly fuels wash-trading concerns

Crypto-powered prediction market Polymarket and its founder are facing heat from US regulators for potentially serving American customers, while an employee at its competitor Kalshi appears to be echoing wash-trading allegations. According to Bloomberg, the DoJ is investigating Polymarket for allegedly accepting bets from US-based customers. Punters on the platform appeared to overwhelmingly favor Donald Trump to win the election, putting Polymarket at odds with mostly even-keeled projections. The FBI has reportedly raided the home of its 26-year-old chief exec, Shayne Coplan, and seized his phone. Coplan was not arrested, and appeared to be relatively unphased by the event. On X, he wrote, “New phone, who dis?” polymarket cooked with this one https://t.co/lZwoFsRJqL pic.twitter.com/WU2Uo5hQlH — Arnold Bernault (@ahitposter) November 13, 2024 Coplan’s customers come through. Read more: Trump discovered he was winning via Polymarket, says CE...

Legendary Trader Warns: War Fears Hit Bitcoin, Ethereum, Dogecoin!

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Bitcoin prices fell sharply on Tuesday. This drop came after Iran launched missiles at Israel. The attack raised fears of a wider conflict in the Middle East. Ethereum and Dogecoin also saw big price drops. Also Read: Shiba Inu: AI Predicts SHIB’s Price For The Weekend War Fears Shake Cryptocurrency Market: Bitcoin, Ethereum, Dogecoin Under Pressure Bitcoin And Other Major Cryptocurrencies Tumble Bitcoin’s price fell 3.48% to $61,118.92. It hit a two-week low of $60,370 before recovering slightly. Ethereum dropped even more, falling 5.66% to $2,464.05. This was its lowest price since August 19. Dogecoin suffered the most, with a 6.29% drop to $0.1077. The total value of all cryptocurrencies fell by 4.16% in one day. It now stands at $2.14 trillion. Stock markets also went down during this time. Big Losses for Traders Many traders lost money in this market crash. Over $521 million in crypto positions were closed in 24 hours. This was the biggest loss since a major crash last August...