CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Elon Musk’s support for Dogecoin has become even greater, due to $257 billion lawsuit

Dogecoin and Tesla
Elon Musk has publicly expressed his ongoing support for Dogecoin despite a $257 billion class-action lawsuit claiming a crypto-pyramid scheme (DOGE)

Share This Post

Share on facebook
Share on linkedin
Share on twitter
Share on email

Musk seems worried by the allegations, reiterating his commitment for the Dogecoin environment on Twitter, saying, “I will continue supporting Dogecoin.” Elon Musk has publicly expressed his ongoing support for Dogecoin despite a $257 billion class-action lawsuit claiming a crypto-pyramid scheme (DOGE).

Lawsuit on Elon Musk

A class action lawsuit was filed on Thursday in New York district court against Elon Musk. The world’s wealthiest man, and his firms, SpaceX and Tesla, for an accused Ponzi scheme involving DOGE. The case sought $257 billion in total compensatory damages from Musk, as well as a ruling that DOGE trading is considered betting in the U.S.

The lawsuit, on the other hand, did not sit well with the crypto community, with entrepreneurs mocking the action. In the tweet, Musk, too, seems unfazed by the allegations, reiterating his support for the Dogecoin environment.

Buy Cryptocurrencies here

Dogecoin Owner perspective

On Saturday, Dogecoin inventor Billy Markus, who is not directly associated with the project. He presented his perspective on Dogecoin, which extends beyond the excitement. He also advise programmers to concentrate more on their usability and security. To Markus’ proposal, Musk concurred with a “more currency-like” response. Musk comforted Markus further by stating that he is willing to accept Doge as payment for services other than Tesla and SpaceX merchandise.

Misleading Content of Dogecoin

Deepfake films advocating cryptocurrency fraud have been discovered by bad actors attempting to profit off Musk’s success. Musk recently saw a phone video on the internet in which a fake The deepfake portrayal of Musk was shown in the video teaching a cryptocurrency platform that promised 32% returns on cryptocurrency deposits.

For more information

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Capital.com

Capital.com Review Capital.com is a provider of CFD trading and stock investing services. Traders can access a wide range of products in a variety of

What are you looking for in a broker?

Select the ‘must-have’ features or requirements that are important to you

Mobile Trading

Trade on Margin

Direct Market Access

Offers US Stocks

Accept Paypal

Offers UK Stocks

Offers MT4

Allows Scalping

Copy Trading

Accepts Credit Card

Allows Hedging

ECN or STP Execution

Offers Altcoins

Offers Crypto Crosses

Fixed Spreads

Variable Spreads

Offers Demo Account

Professional Status

VPS Trading

Zero Spread Account

Mobile Trading

Trade on Margin

Direct Market Access

Offers US Stocks

Accept Paypal

Offers UK Stocks

Offers MT4

Allows Scalping

Copy Trading

Accepts Credit Card

Allows Hedging

ECN or STP Execution

Offers Altcoins

Offers Crypto Crosses

Fixed Spreads

Variable Spreads

Offers Demo Account

Professional Status

BIGINNER

VPS Trading

Zero Spread Account

How experienced are you at trading?

Select the ‘must-have’ features or requirements that are important to you

beginner

Intermediate

EXPERT