promote – Bitfinance https://bitfinance.news Fintech & new economy info Mon, 20 Jun 2022 11:03:40 +0000 en-US hourly 1 https://wordpress.org/?v=7.0.1 https://bitfinance.news/wp-content/uploads/2025/01/favicon-64.png promote – Bitfinance https://bitfinance.news 32 32 Dogecoin investor sues Elon Musk for scam https://bitfinance.news/en/dogecoin-investor-sues-elon-musk-for-scam/ Mon, 20 Jun 2022 12:00:09 +0000 https://bitfinance.news/?p=82705 An investor in the dogecoin cryptocurrency sued millionaire Elon Musk for $258 billion for being involved in a pyramid scheme

Dogecoin investor Keith Johnson sued Elon Musk, electric car company Tesla Inc. TSLA.O, and space tourism company SpaceX for $258 billion for promoting the Dogecoin cryptocurrency by raising its price and then dropping it. The lawsuit was filed in a federal court in Manhattan where Musk is accused of conducting “a pyramid scheme to support […]

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]]> An investor in the dogecoin cryptocurrency sued millionaire Elon Musk for $258 billion for being involved in a pyramid scheme

Dogecoin investor Keith Johnson sued Elon Musk, electric car company Tesla Inc. TSLA.O, and space tourism company SpaceX for $258 billion for promoting the Dogecoin cryptocurrency by raising its price and then dropping it.

The lawsuit was filed in a federal court in Manhattan where Musk is accused of conducting “a pyramid scheme to support the cryptocurrency.”

According to the lawsuit, since 2019 the defendants were aware that the Dogecoin cryptocurrency was worthless and yet promoted it to benefit “Musk used his pedestal as the richest man in the world to operate and manipulate the Dogecoin pyramid scheme for profit, exposure and fun.

Triple the value for damages

Johnson’s lawyer did not release any information about the evidence they have to show that Musk is involved in this type of scam, or how they plan to prove that dogecoin has no value. While the legal representatives of Tesla, SpaceX and Musk’s lawyer did not comment on the accusations.

Investor Johnson wants “86 billion dollars in damages, which represents the decline in the market value of Dogecoin since May 2021, and he wants it to triple.”

In the lawsuit document they point out that the depreciation of the cryptocurrency began at the moment that the CEO of Tesla exhibited on the NBC program “Saturday Night Live”, where he played a fictional financial expert in a segment of “Weekend Update “, where he exclaimed that dogecoin was “a scam”.

M. Rodríguez

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Source: informe21.com

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]]> BVC celebrates increase in public offering of BDV shares https://bitfinance.news/en/bvc-celebrates-increase-in-public-offering-of-bdv-shares/ Thu, 26 May 2022 20:00:41 +0000 https://bitfinance.news/?p=81242 The Caracas Stock Exchange celebrates the announcement made by the Bank of Venezuela to increase its public offering of shares in the market

The Caracas Stock Exchange (BVC) reported, through its social networks, that the board of directors of the institution receives with “enthusiasm” the decision of the Bank of Venezuela (BDV) to increase the public offering of shares in the market of progressively from 5 % to 10 % of its share capital. In the statement, the […]

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]]> The Caracas Stock Exchange celebrates the announcement made by the Bank of Venezuela to increase its public offering of shares in the market

The Caracas Stock Exchange (BVC) reported, through its social networks, that the board of directors of the institution receives with “enthusiasm” the decision of the Bank of Venezuela (BDV) to increase the public offering of shares in the market of progressively from 5 % to 10 % of its share capital.

In the statement, the BVC indicated: “We hope to know the schedule that will be developed for the massive redistribution of shares announced by the bank.” In addition, they highlighted the importance for the economy of a country that companies open their capital and create sources of work.

The Bank of Venezuela announced through an official statement its willingness to start the public offer with the purpose of promoting and invigorating the Venezuelan economy, at the same time it becomes an opportunity for citizens and the different “private, national economic actors and international, interested in participating in the development of the country through instruments of economic democratization”.

Credit portfolio

The Bank of Venezuela’s management is focused on financing the different productive sectors of the country such as agribusiness, manufacturing, among others.

According to recently published figures, the financial institution has presented a growth of around 169% in public deposits in the last semester.

Likewise, its credit portfolio increased by 66 %, and 26 % of the market share that gives it first place in the financial sector. It also has approximately 15 million customers.

M. Rodríguez

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Source: bancaynegocios.com

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