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Here’s how Ripple CTO Congratulated Elon Musk Over His Victory

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The chief technology officer of the massive Ripple Labs, who has recently been highly active on Twitter, not just on cryptocurrency subjects, issued a tweet that appears to be a congratulations to Elon Musk. The jury in the case brought by the SEC against Musk in 2018 as a result of his “420” Tesla tweet found the tech tycoon not guilty. However, the Ripple CTO’s tweet focuses on XRP rather than Tesla. Schwartz cautions that this tweet is a prank just in case.

Elon Musk received a significant victory after a jury dismissed investor charges that he broke the law when he tweeted in 2018 about possibly taking Tesla Inc. private.

After about two hours of discussion, the nine-person jury reached a decision on Friday afternoon, concluding that the investors who had filed the class-action lawsuit had failed to establish their claims against Mr. Musk or the electric vehicle firm he leads.

Mr. Musk, who had earlier attended court to hear the parties’ closing arguments, was not there when the decision was announced. Later, he tweeted his gratitude for the jury’s unanimous verdict and said,

“Thank goodness, the wisdom of the people has prevailed!”

The issue is related to the Tesla CEO’s tweets from more than four years ago that suggested selling the business.

Before this case got to trial, U.S. District Judge Edward Chen had previously determined that certain of Mr. Musk’s claims about possibly taking the business private were untrue and that the CEO had acted recklessly in making them.

Among other things, jurors were required to evaluate whether Mr. Musk’s tweets were relevant to investors and whether the misrepresentations resulted in damages for investors.

The jury’s foreperson, Robin Cadogan, declared that he wasn’t persuaded by the claims that the tweets were relevant. After the verdict was read, it was reported that Cadogan told the attorneys,

“The overall message, it just didn’t land. There was nothing there to give me an ‘aha’ moment.”

Significant Victory To Ripple’s Ally Over SEC

Ripple’s David Schwartz tweeted his own satirical congratulations to Musk “At $420, I’m buying XRP private. funding arranged.”

It’s important to note that the American securities regulator has started to focus on both Elon Musk and Ripple. In December 2020, the government filed a lawsuit against the San Francisco-based fintech company, charging that it and its co-founder and CEO made billions of dollars selling unregistered securities like XRP to institutional investors.

Now that Elon Musk has been found not guilty in the SEC case, the cryptocurrency community anticipates that Ripple will triumph in court against the securities regulator this year as well.

Dogecoin: Elon Musk’s McDonald’s Offer On DOGE is Still 100% On

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Elon Musk, a proponent of Dogecoin, responded to a user’s question by tweeting that his earlier promise to eat at McDonald’s is still valid.

It needs to mention that on Jan 2022, Tesla CEO posted a challenge for the fast food giant, saying he would eat a Happy Meal live on TV if McDonald’s accepted Dogecoin as a means of payment.

The leading restaurant chain did not yield to any requests in accepting the token.

To add more salt to the injury, McDonald even trolled the tech billionaire on past occasions, asking him to accept Grimacecoin, a made-up cryptocurrency, in exchange for enabling payments in meme cryptocurrency Dogecoin.

The fake token created after McDonald’s joke tweet also surged as much as 285,641% in a few hours as opportunistic actors jumped at the chance to cash in on the hype.

However, recently, the fast food chain threw a surprise tweet quoting, “What did I miss?” to which Binance’s Twitter account responded, “A lot of green candles.”

The Tesla CEO too chimed in by tweeting “Oh, hi, lol,” in the replies section.

This prompted “DogeDesigner” of UX/UI and graphic designer at Doge to inquire as to the status of Musk’s initial offer to McDonald’s regarding the acceptance of the meme token.

And true to his words, the multibillionaire replied with a “100” emoji.

Dogecoin Rallied By Over 35% In less than 20 Days

Musk’s tweet has been liked over 3000 times and has generated views close to 120k raising expectations that the fast food chain would eventually reassess its stance on the token.

The popular meme token recently hogged the limelight after a report published by Forex Suggest showed that DOGE’s carbon emissions have been reduced by 25%. With 1,423 tons of emissions released in 2021, the asset produced 1,063 tons in 2022.

The survey also credited Musk for being instrumental in refusing to accept Bitcoin as payment, due to its high emissions.

Owing to proactive efforts by the billionaire entrepreneur and the members of the Dogecoin ecosystem, Dogecoin saw a 25% decrease in its annual CO2 emissions.

Moreover, with regard to its price, DOGE kickstarted the new year with a surge of over 35% to date. At the time of writing this post, the 9th largest asset by market cap is trading at $0.08.

Dogecoin Co-founder And Elon Musk Take A Dig At SBF’s $700M Confiscation

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The friendship between the Dogecoin co-founder, Billy Markus, and the Tesla CEO, Elon Musk dates Back to a time that one can’t remember. Time and again they have showcased their bond on social media. However, this time it was no different.

Sam Bankman-Fried (widely known in the crypto space as SBF), the founder of the troubled FTX exchange, was reportedly the target of prosecutors from the DOJ, according to a recent TWJ report. The article cites a court filing from last Friday.

The Dogecoin co-founder tweeted the report along with a humorous comment in which he referenced SBF when the FTX founder claimed in court that he had just $100,000 left over from his billions. The money taken from SBF that was previously disclosed was primarily in the form of Robinhood shares.

Elon Musk, the CEO of Tesla and Twitter, responded to that with two ROFL emojis. When FTX and its founder SBF were accused of scamming investors and the exchange went bankrupt, both Musk and Markus were harshly critical of both parties.

SBF was accused of using substantial amounts of USD from FTX members to save his crypto trading company Alameda Research, however, he pleaded innocent to the accusations. In the fall of this year, he will stand trial for this.

The US Department of Justice (DOJ) announced the confiscation of Bankman-Fried’s assets earlier this year. The majority of them were held in the form of Robinhood shares (HOOD), but there were also monies in several banks and crypto deposits on the Binance cryptocurrency exchange.

Federal prosecutors from the DOJ, in particular, last week seized around $100 million from SBF’s accounts, which he kept in Silvergate Bank connected to FTX Digital Markets, an FTX company with headquarters in the Bahamas.

Dogecoin Fan, Musk Refused SBF’s $5B Offer

Sam Bankman-Fried contacted Elon Musk earlier last year to offer him a $5 billion investment to help him acquire the social media company, long before FTX’s problems became apparent to everyone in the market. He also assisted with the transition of Twitter to blockchain rails.

The Dogecoin (DOGE) supporter, Musk, rejected his offer with the money, explaining to him that putting Twitter on a blockchain was not possible. Musk purchased Twitter outright for a total of $44 billion; the agreement was signed in late October of last year.

At the time of writing, Dogecoin was priced at $0.08651 with a hike of 6.73% over the last 24 hours, as per Coin Market Cap (CMC).

Dogecoin: DOGE Loses CO2 Emissions By 25% Due To Elon Musk’s Efforts

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Dogecoin’s carbon emissions have been reduced by 25%, as per a report published by Forex Suggest. With 1,423 tons of emissions released in 2021, Dogecoin produced 1,063 tons in 2022.

The survey credited Musk for being instrumental in refusing to accept Bitcoin as payment, due to its high emissions.

Even though Dogecoin “was founded as a foolish joke,” Musk thought at the time that it was more suited for transactions.

Owing to proactive efforts from the billionaire entrepreneur and the members of the Dogecoin ecosystem, Dogecoin saw a 25% decrease in its annual CO2 emissions.

On the other hand, the world’s dominant crypto Bitcoin utilizes 1183.58 kWh per transaction, which equates to 1775 lbs of CO2. the report highlighted.

As climate change is gaining more prominence and widely acknowledged issue, the energy usage of cryptocurrencies’ has drawn much attention.

“Some cryptocurrencies are making a conscious effort to reduce the amount of energy required for transactions to take place on their blockchain”, the report claimed.

The research cited the example of Ethereum [ETH] which has recently transitioned from its PoW method of validating transactions to a PoS model.

This, according to the survey, has made it viable to reduce its energy consumption per transaction from 62.56 kWh to 0.03 kWh.

When Ethereum switched to a proof-of-stake consensus algorithm in 2022, its CO2 emissions dropped significantly, but Dogecoin’s annual emissions were still 8.3 times higher.

Nevertheless, Doge is positioned to be a useful financial tool in 2023 thanks to its large community support and ability to reduce its carbon footprint to zero.

Dogecoin Jumps By 36% In Less Than A Month

Moreover, with regard to its price, DOGE kickstarted the new year with a surge of over 35% to date. At the time of writing this post, the 9th largest asset by market cap is trading at $0.08.

As reported by TronWeekly, Following Twitter CEO and DOGE supporter Elon Musk sent Christmas wishes with a photo of his Shiba Inu and other pet canines, the token swiftly became a favorite among whales.

Data from WhaleStats showed that DOGE was the most traded token among the top 100 Binance Coin [BNB] holders by flipping the new investors’ favorite, Filecoin’s token, FIL.

Musk’s mention of DOGE had little impact on the token’s price, but trading activity on the holiday day was higher than it had been the weekdays before.

Dogecoin: Whale Moves $3.8B DOGE In The Largest Single-Day Transfers

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Dogecoin’s largest holder has transferred over $3 billion DOGE tokens worth roughly $280 million, making it one of the largest single-day transfers since the wallet’s creation, data from BitInfoCharts showed.

The largest DOGE holder [DPDL…SBgZ] transferred 3.841 billion DOGE [$280 m] to the address DDuXGMFNGpGjaAqyDunSMvceMBruc1wwKF today, and DDuXG is already the fifth largest DOGE holder. These transfers are also the largest single-day transfers since DPDL…SBgZ was created.

This comes after the outcome of Elon Musk’s most recent Twitter poll, in which the majority of respondents favored his resignation as the platform’s CEO.

Dogecoin, known as the OG meme coin rallied ever since the former richest man in the world and DOGE proponent bought Twitter in October this year.

Data from CoinGecko showed that on October 27, Dogecoin was worth $0.07, the day Musk formally acquired Twitter. Dogecoin peaked on November 1 at $0.14 and has since fallen and risen in value.

But even the price of Dogecoin is still significantly lower than it was in May 2021, just before Elon Musk’s appearance on Saturday Night Live, when it reached an all-time high of $0.73. However, the coin had lost more than 90% of its value by June 2022.

At the time of writing this article, the token’s value dropped more than 20% in a span of 7 days and is currently exchanging hands at $0.07.

Despite its price downtrend, a report by Bloomberg found that Dogecoin’s value has reached almost $9 billion, surpassing Coinbase’s market cap of $8 billion.

Dogecoin’s Market Cap Is Now Ahead Of Coinbase’s

Jacob Sansbury, chief executive officer at online trading platform Pluto, has a different take on the contrasting market caps.

“I don’t think there’s a tremendous amount of substance to be gleaned from the fact that Dogecoin has surpassed Coinbase in terms of market capitalization – except to say that the crypto market is very much in flux right now,” he said.

“It’s in such flux that good projects are down bad while sillier ones are doing relatively well.”

Nevertheless, the disparity indicates how a cryptocurrency asset that few people take seriously may outperform the shares of the biggest public digital asset exchange in the United States, even if it has no direct bearing on the fundamental value of either project.

Meanwhile, the eighth-largest digital currency has recently achieved a new milestone with the largest whales on the Binance Smart Chain.

Elon Musk’s New Move to Prosecute Scammers Pushes Crypto Spam Bots to Go into Hiding

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The crypto community is reporting a sharp decline in the number of bots responding to their posts following Elon Musk’s most recent attack on crypto spam bots on Twitter.

The CEO of Twitter hinted that “bots are in for a surprise tomorrow” in a post on December 11. Later, the CEO added that the platform will be blocking the IP addresses of “known bad actors” after identifying a small group of individuals responsible for a large number of bot/troll accounts.

Elon Musk guarantees to shut down the scammers

He continued by saying that even though con artists might use other strategies to get around the IP address block, Twitter will “shut them down as soon as they show up.”

Dogecoin co-creator Billy Markus’ pseudonym Shibetoshi Nakamoto wrote to Musk on December 11: “I made a test post and instead of seeing 50 bot replies I only saw one much progress, very hype.”

Other users went to test Elon Musk’s most recent adjustments. An investor and bitcoin analyst named PlanB published a chart to track the number of automated responses. As of the time of writing, no comments from bots had appeared.

While Twitter “seems to be marginally better to use lately,” Ethereum co-founder Vitalik Buterin added, he couldn’t tell if there had been a decrease in bots because of Musk. Some claim that the bot responses still appear on posts, but the platform quickly deletes them.

After taking over as CEO of Twitter in October, Musk saw the elimination of Twitter spam and scam bots as one of his top priorities.

Musk also made a passing mention in his most recent post that the company plans to sue Twitter scammers in the future, but he provided no further information.

MicroStrategy founder Micahel Saylor responded to Musk, questioning what percentage of toxic behavior on Twitter is driven by bots rather than healthy people. Elon Musk responded:

That’s my guess: small number of humans with large bot/troll armies. We are shutting down IP addresses of known bad actors today. Should have been done long ago.

Dogecoin Jumps High On Musk-Laid Trampoline; 8% Price Hike In 2 Hours

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The love affair between the meme token, Dogecoin, and the Tesla founder has been a never-ending one.

Global media coverage has been attracted by Elon Musk’s enormous takeover of Twitter. One day before the deadline, on October 27, 2022, Musk finalized the deal by paying $44 billion for Twitter.

The long-awaited “Verified” service from the social media behemoth will probably go live next week, Elon Musk revealed on Twitter on Friday. Similarly to that, different colored check marks will be given out based on the type of account.

Musk recently revealed a slide from a Twitter corporate session in one of his tweets. “Twitter 2.0,” marketed as “The Everything App,” was presented by Musk. Musk also disclosed a few of the brand-new features, such as payments, long-form tweets, and the relaunch of blue verified, and encrypted direct messages (DMs).

Everyone is interested in his tweet’s payment section. Everyone wonders what will go here since it was left unfilled. Everybody is familiar with Musk and his passion for cryptocurrencies, especially Dogecoin. Many even believe that Twitter 2.0 will support Dogecoin and other cryptocurrencies for payment.

Dogecoin Price hike due to Musk’s Tweet?

Elon Musk’s preferred cryptocurrency is Dogecoin. It was hoped that the Twitter acquisition would increase the uptake of DOGE. The DOGE community also anticipated that Musk will take DOGE as payment and feature DOGE as a tipping option.

With consistently rising quantities, the pricing clearly created an ascending ladder. As the impact of the news is felt equally by the market’s two driving forces—sellers and buyers—it rises, resting briefly before continuing. All of the EMAs are left behind as the price level rises, moving above them in the process.

The king of meme coins, Dogecoin, has risen by 8% in the last two hours. Value has undoubtedly increased in anticipation of DOGE being incorporated into Elon’s social media juggernaut.

The trading volume of DOGE has increased by 84% during the past 24 hours as well. Over the past 30 days, DOGE has performed remarkably well, reaching $0.1572 for the meme coin.

It’s possible that the price of the meme coin will increase if Musk tweets about adding DOGE as a payment method.

Dogecoin (DOGE) On The Rise As Elon Musk Announces To Make An Alternative Phone

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Despite the recent uncertainties caused by the FTX fiasco, DogeCoin (DOGE) price has been stable over the past few days – with its value surging significantly by about 10% for the past day. 

One of many major causes for this is Elon Musk’s recent announcement that he would make an alternative phone if twitter were to be removed from both iPhone and Android app stores.

Liz Wheeler, a podcaster, tweeted her concern that Twitter may be subject to a play store ban due to Elon’s new policy, to which Musk responded that “I certainly hope it does not come to that,” but if it happens, he will “make an alternative phone.”

Wheeler said:

If Apple & Google boot Twitter from their app stores, Elon Musk should produce his own smartphone. Half the country would happily ditch the biased, snooping iPhone & Android. The man builds rockets to Mars, a silly little smartphone should be easy, right?

Meanwhile, the Economic Times reported that Twitter Inc.’s new Verified services would go live next Friday, according to Elon Musk, following a string of delays and issues related to fraudulent accounts.

To prevent a growing issue of people mimicking well-known brands, Twitter has already stopped the $8 subscription program. Twitter Verified is Musk’s attempt to separate distinct user groups and generate much-needed income.

The report stated that in order to prevent companies against accounts with blue check marks from altering their identity and image to that of a brand, companies will now receive a gold check mark.

Dogecoin (DOGE) Price Surge 

The market has been slowed by the FTX debacle and other prominent investors, but Elon Musk and his favorite cryptocurrency Dogecoin (DOGE), are not lagging behind.

According to CoinMarketcap’s data, the token is currently trading at $0.09186, with almost an 11% increase in the previous seven days. The token market cap has risen by approximately 4.00% during the past day, while its trading volume has increased by about 35%.

Dogecoin DOGE rebounded to $0.090 from the $0.077 support level of November 21st, signaling that the bulls are attempting to create a new higher above this price. However, at $0.090, where the relief rally is now, the bulls are confronted with strong bear opposition.

DOGEUSD 2022 11 26 04 58 53
Source: Tradingview.com

Since the end of November, the strength of purchasers has significantly increased for Dogecoin. The apparent breakthrough above a short-term barrier suggests that this trend may continue.

On Tuesday, November 25th, the Dogecoin price pushed past its previous high to $0.0861 after more than two weeks of attempted breakouts on November 24th, when there was a spike in trading volume that may signal renewed buying pressure.

Nevertheless, for Dogecoin’s price to rise significantly, it must break through and hold above $0.095. The price may finally drop below $0.070 in the event of a bearish reversal, where it may experience several rejections.

Related Reading | Shiba Inu Burn Rate Rises: Battles To Win Back Confidence After FTX Crash

Dogecoin Will Receive A Boost From Elon Musk & Vitalik Buterin, David Gokhshtein speculates

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Elon Musk, CEO of Twitter, and Vitalik Buterin, co-founder of Ethereum, are expected to work together to strengthen Dogecoin (DOGE), according to Gokhshtein Media CEO David Erik, who expressed his opinion through Twitter.

Additionally, David was also confident that these two crypto industry titans would not collaborate on Bitcoin:

They won’t work on #Bitcoin — well because Vitalik tried that in the past and was kicked and Elon is interested in turning something that started off as a joke into something serious.

Musk’s long-standing association with the cryptocurrency, which he frequently mentions in tweets and has accepted as a means of payment for some of the goods and services Musk’s businesses provide, may be based largely on Dogecoin’s surge in popularity.

The Ethereum creator Vitalik Buterin is one of the prominent board members of the Dogecoin Foundation, which also encouraged the currency’s popularity. When Ethereum successfully implemented the much-anticipated Merge update, Buterin suggested that it should be the next cryptocurrency to make a change from Proof of Work.

Additionally, DogecoinFdn (Dogecoin Community) received a contribution of 20 million DOGE from Buterin in November after a donation of 500 ETH in May. DogecoinFdn is an organization with the goal of advancing DOGE via advocacy and development.

Dogecoin Price Analysis

Investors of the popular meme coin DOGE are among the most relaxed under this current bear market. A recent study conducted by Coin Kickoff indicated that despite Bitcoin’s value being down, people are still feeling optimistic about DOGE’s stability in its stead.

Dogecoin (DOGE) lost 0.49% on Thursday and ended the day at $0.0814, reversing all of Wednesday’s gains. The fact that DOGE avoided ending the day below $0.0800 for a second consecutive session is noteworthy.

Today, the bull breaks over the $ 0.0857-second major resistance level, and after doing so, it hits the third major resistance level at $0.0894. However, it is currently trading at $0.08841, on a bullish trend toward growth, with a rise of 11% in the last 24 hours and 3.77% in the previous seven days, as per the data from Coinmarketcap.

DOGEUSD 2022 11 25 05 00 45
Source: Tradingview.com

There is still more breakthrough potential up to $0.0910. However, Dogecoin must maintain above the 50-day moving average at $0.085 before it can trade bullishly.

Nevertheless, the Dogecoin community on CoinMarketCap predicts that on December 31 of this year, the price will reach $0.096 if the breakout session continues. 

Related Reading | Shiba Inu (SHIB) And Gala (GALA) Whales Dumping, Orbeon Protocol (ORBN) Profits 125%

Binance’s CZ Comes as Support for Elon Musk Amidst the Twitter Employee Chaos

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Friday, amid a trend on Twitter that reads “RIP Twitter,” Binance CEO Changpeng Zao (CZ) spoke out in aid of Elon Musk, the CEO of Twitter. After the recent ultimatum by the Twitter CEO to choose between working intense, incredibly hard-core, long hours or losing their jobs, the trend #RIPTwitter exploded onto the scene.

CZ stated that the more successful you are, the more people FUD about you. He also added that it makes you stronger and not weaker.

CZ shows his support for Elon Musk

illy Markus, the creator of Doge, pokes fun at Twitter in a post titled “RIP Twitter,” comparing its demise to that of Google Plus. In a recent tweet thread, Markus also makes fun of Twitter employees, claiming that they intend to leave with their money rather than work long hours to save a “dying company” (Twitter).

Following an order from the new owner Elon Musk, hundreds of Twitter employees left the company, flooding Twitter with heartfelt messages. The hashtag #RIPTwitter started to trend on Twitter as users questioned whether the service would be discontinued.

Others shared memes of gravestones with the epitaph “Mr. Musk killed the service,” while some users made light of the fact that there was only one employee left. Some users claimed to have switched to other social media platforms.

On Wednesday, Mr. Musk gave the remaining Twitter employees less than 36 hours to resign or pledge to work on “a breakthrough Twitter 2.0.” He said those leaving would receive a three-month severance package.

According to the NY Times, four people with knowledge of the discussions said that Mr. Musk and his advisers met with some Twitter employees they considered “critical” in order to prevent them from leaving. He seemed to soften his standpoint on not letting people work from home before alerting their managers, sending conflicting messages about the company’s remote work policy.

Ever since Twitter was taken over by Elon Musk, he has been working on implementing changes to make it a better place. Musk is known for his workaholic nature and is very committed to his work despite of being the wealthiest person.