
‘Dogecoin pyramid scheme’ promotion lands Elon Musk in $258B lawsuit
A Dogecoin investor has sued the Tesla and SpaceX boss, alleging that Elon Musk engaged in a pyramid scheme by promoting DOGE on Twitter and through his firms.
A Dogecoin investor has sued the Tesla and SpaceX boss, alleging that Elon Musk engaged in a pyramid scheme by promoting DOGE on Twitter and through his firms.
The tax law amendment requires individuals and businesses that receive $10,000 or more in digital currencies to report the sender's name, date of birth, and social security number to the government.
Digital asset bank Custodia, formerly Avanti, claims that the 19-month delay is unlawful and is causing injury to the company, the first of which is higher costs for users.
The suit arises from a hack on Dr. Craig Wright’s home network in 2020 which saw the keys to a colossal amount of Bitcoin stolen from him.
The communications in question preceded Hinman’s June 2018 speech in which he declared that tokens based on networks that were “sufficiently decentralized” didn’t meet the ‘Howey test.’
Magnus ‘Holdonaut’ Granath has been ordered to make an interim payment of £93,000 (plus VAT) to Dr. Craig Wright with respect to his failed summary judgment application.
Judge Chamberlain will now decide whether to accept Dr. Craig Wright’s claim that his reputation was or was likely to be seriously harmed by blogger Peter McCormack’s tweets.
The analytics are crucial to the case because all that Dr. Craig Wright needs to succeed in his case against McCormack is to show that the tweets caused serious harm to his reputation in the United Kingdom.
Dr. Craig Wright and blogger Peter McCormack finally faced one another in court today as the Wright v McCormack libel case got underway in London.
In a trial set for two days, parties will present their arguments over whether Peter McCormack is liable for defamation with regard to social media posts he made about Dr. Wright’s status as Bitcoin inventor Satoshi Nakamoto.
Magnus Granath had filed a motion for summary judgment, arguing that the case should be thrown out on the basis that Dr. Wright had no reasonable prospect of succeeding at trial.
Jerry Chan, former Wall Street technologist at Goldman Sachs, shares his own analysis on the case filed by Dr. Craig Wright against Coinbase and Kraken.