The Shiba Inu dog became a popular meme in 2013 when posters on forums like Reddit and 4chan began using pictures of the Japanese dog breed alongside messages written in broken English. "There is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency," the filing added. In a filing to a New York court on Friday, Musk's legal team called the suit "a fanciful work of fiction" that "must be dismissed in its entirety with prejudice." The SpaceX owner's embrace of dogecoin has landed him in legal trouble where he is being sued for $258 billion by an investor who claims he lost massive amounts of money because of Musk's activities, though the billionaire has dismissed those claims. Musk has also floated dogecoin as the basis for e-commerce payments, with observers wondering if the tycoon will use his purchase of Twitter to build an "everything app", similar to China's WeChat, that offers a wide range of services. Musk has said he is committed to crypto, with a substantial portion of his fortune held in bitcoin. The Twitter chief has 133 million followers and has long used the platform for self-promotion and humor, occasionally also promoting dogecoin, a highly volatile cryptocurrency initially created as a joke. His decision to change the logo to a Shiba Inu dog, whether permanent or another short-lived joke, caused the price of dogecoin to surge by more than 25 percent, from below $0.08 to more than $0.10. Hilo con algunos afectados por la Chivo Gualet.ġ- $16,000 bought Twitter in October last year for $44 billion and has since slashed the workforce, introduced paid-for accounts and reinstated banned users including former president Donald Trump.
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Related: Some Salvadorans claim funds are missing from their Chivo walletsĮl Salvador’s mainstream Bitcoin adoption met a series of technical hurdles, the latest being reports of missing funds from the country’s in-house Bitcoin wallet, Chivo.Īs Cointelegraph reported, at least 50 Salvadorans reported losses totaling more than $96,000 in December due to an alleged unknown glitch in the Chivo wallet. This tweet will age well - Nayib Bukele January 2, 2022 Along with this development, he predicts an oversubscription of the volcano bonds.īukele also predicts that Bitcoin will become a major electoral issue in the United States elections this year and told his Twitter followers to be on the lookout for “a huge surprise” at the Bitcoin 2022 conference. As Cointelegraph previously reported, the president foresees Bitcoin City to become a fully functional city with residential areas, shopping centers, restaurants, a port - “everything around Bitcoin.”Īccording to Bukele, “Bitcoin City will commence construction” this year, implying the development of the $1-billion BTC-bonds-backed virtual city. Huge surprise at Nayib Bukele January 2, 2022īukele also envisions oncoming explosive growth for El Salvador’s two in-house BTC-based initiatives - Bitcoin City and volcano bonds.Will become a major electoral issue in US elections this year.
2 more countries will adopt it as legal tender.In the same year, he expects a bull run that will take BTC’s price to a new all-time high of $100,000. President Bukele predicted that two more countries will join El Salvador in adopting Bitcoin as a legal tender in 2022. Since legalization, the government has acquired 1,370 BTC for the country’s reserve and has reinvested its unrealized gains into new infrastructure projects, including a hospital and a school. Last year, El Salvador became the first country to adopt Bitcoin as legal tender under Bukele’s presidency as a countermeasure to the growing inflation in the country. On Sunday, Salvadoran President Nayib Bukele shared five bullish predictions on Bitcoin’s ( BTC) performance for the year 2022.
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