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Analysts say that Bitcoin's resilience supports the claim of hedging against global turmoil
As global turmoil escalates and macroeconomic uncertainty increases, analysts tell TheBlock that the value of Bitcoin is becoming increasingly apparent.Bitcoin is more user-friendly, stable, and globalized than some local currencies, especially in terms of geopolitical conflicts and sanctions
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Accused of pyramid selling dog coins, Musk faces a claim of $258 billion
On Thursday, a Dogecoin investor sued Tesla and SpaceX CEO Musk,Request compensation of $258 billion from him, accusing him of implementing a "pyramid scheme" to manipulate the price of cryptocurrency.The prosecutor, named Keith Johnson, accused Musk and his Tesla and SpaceX companies of extortion in his lawsuit filed in the Federal Court of Manhattan, New York
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Musk Accused of Dog Coin Pyramid Selling, Claims $258 Billion
(Observer Network) According to Reuters local time on June 16th, Elon Musk, the world's richest man, and his subsidiaries Tesla and SpaceX were sued by a dog coin investor on the same day. The other party accuses Musk of deliberately implementing a "cryptocurrency pyramid scheme (pyramid scheme)" on Twitter, directly "manipulating" the price of dog coins, and demands compensation of $258 billion (approximately RMB 1
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Received a claim of 1.7 trillion yuan! The world's richest man, Musk, has been accused of operating a "dog money pyramid scheme"
On June 16th local time, Elon Musk, the world's richest man, and his subsidiaries Tesla and SpaceX, a space exploration technology company, were sued by a US dog coin investor, seeking compensation of $258 billion (approximately 1.7 trillion yuan)
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What happened? After hitting a new low in 10 months, Bitcoin has risen above the $31000 mark. The Federal Reserve claims that significant inflation and interest rate hikes pose financial risks
Edited by: Bi LumingWithin an hour, Bitcoin staged a trend of long short to recover and cut. At around 8:00 am Beijing time on the 10th, Bitcoin fell below the $30000 mark, breaking a new 10 month low and falling more than $10000 from the highest point since the Federal Reserve raised interest rates on May 5th
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The FTX crisis triggers currency circle deleveraging, with institutions claiming that Bitcoin may fall to $13000
The currency circle fell into a dark 'Lehman moment', and the liquidity crisis of the top cryptocurrency exchange FTX triggered a series of negative market chain reactions.On November 10th local time, a team of strategists at JPMorgan Chase reported to external media that the cryptocurrency market will face a deleveraging process that will last for several weeks due to the impact of the FTX liquidity crisis
