Coinatory

Elon Musk Clarifies: No U.S. Government Plans to Adopt Dogecoin The well-known businessman and CEO of Tesla, Elon Musk, has made it clear that the US government has no plans to accept Dogecoin for official use. This explanation follows rumors that the well-known cryptocurrency is connected to the Department of Government Efficiency (DOGE), a project that Musk is leading. ​ Speaking at an America PAC town hall in Green Bay, Wisconsin, on Sunday, Musk addressed the rumors directly: "There are no plans ... Coinatory crypto news

Elon Musk’s DOGE Targets Costly U.S. Penny Production In an attempt to reduce federal spending, Elon Musk's Department of Government Efficiency (DOGE) has set its eyes on the U.S. penny, an unexpected place to start. The organization, which was first established under the Trump administration, pointed out a startling inefficiency in U.S. Mint operations in a tweet on Tuesday. According to the Mint's 2024 data, each penny costs roughly 3.7 cents to make, while having a 1-cent face value. Approximate... cryptocurrency news

Elon Musk Fuels Debate on Federal Reserve’s Future by Reposting Senator’s Call to Abolish Central Bank The United States dollar has seen a dramatic 96% drop in purchasing power since the inception of the Federal Reserve in 1913. This decline has spurred ongoing debate over the role and influence of the U.S. central bank in monetary policy—a debate amplified recently when Elon Musk reposted a statement by Utah Senator Mike Lee advocating for the dissolution of the Federal Reserve. In his original post, Senator Lee criticized Federal Reserve Cha... crypto news

Court Dismisses $258 Billion Dogecoin Manipulation Lawsuit Against Elon Musk A United States court has dismissed a $258 billion class action lawsuit alleging that Elon Musk and his companies, SpaceX and Tesla, orchestrated a "crypto pyramid scheme" involving Dogecoin. Nearly two years after the case was filed, Judge Alvin Hellerstein of the US District Court for the Southern District of New York ruled to drop the lawsuit seeking substantial damages. The plaintiffs claimed that Musk exploited his position as the world’... cryptonews today

Musk Claims Neuralink Will Endow Humans with Superpowers as Second Human Gets Implant Elon Musk's brain-computer interface (BCI) startup, Neuralink, has advanced to its second human trial. During a recent Lex Fridman podcast, Musk disclosed that the second implant is operating successfully, "so far so good," with around 400 electrodes "providing signals." Neuralink’s Brain-Computer Interface Brain-computer interfaces (BCIs) are sophisticated electronic devices that enable direct communication between human brains and comput... cryptocurrency news