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Elon Musk is currently investigating by the federal authorities, Twitter informs the judge – Bitcoin Featured News

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Tesla and Spacex CEO Elon Musk is subject to a federal investigation for his conduct in connection with the $44 billion acquisition of Twitter, according to a court filing filed by the social media giant. Twitter claims that it “through a lawyer, exchanged objective correspondence with those authorities regarding their investigations”.

Federal authorities are investigating Elon Musk, says Twitter

Twitter revealed in a court filing Thursday that Tesla CEO Elon Musk is subject to a federal investigation in connection with his $44 billion bid to buy the social media platform.

In a letter dated October 6, addressed to Judge Catalin St. Jude McCormick who is overseeing the company’s case against Musk, Twitter’s lawyers indicated that they have been requesting documents related to the investigation from Musk since July 22. The lawyers wrote:

Elon Musk is currently under investigation by federal authorities for his behavior in connection with the Twitter takeover. Through a lawyer, he exchanged substantive correspondence with those authorities regarding their investigations.

The lawyers emphasized that those documents “affect key issues in this litigation”: “Twitter asked for those documents months ago. But with only 11 days of trial ending, [the] The accused have not attended yet.”

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In their letter, Twitter’s lawyers also referred to a letter allegedly sent to Musk by the Securities and Exchange Commission (SEC) in June. According to Twitter, the Securities and Exchange Commission was seeking information regarding a tweet that Musk posted in May, stating that “the deal cannot go forward” until the social media company provides him with more information about spam accounts and fraud on the platform.

Securities and Exchange Commission also sounding Twitter takes on the company’s way of identifying spam accounts. In a July 27 letter, the Securities and Exchange Commission said on Twitter: “We have completed our review of your files. We remind you that the Company and its management are responsible for the accuracy and adequacy of their disclosures, regardless of any review, comments, action, or inaction by employees.” .

musk at all agreed to buy Twitter in April for about $44 billion. However, he later tried to back out of the deal, accusing Twitter of a material breach from the agreement. it’s official finished He offered to buy Twitter in July, alleging that the social media company was not transparent about the number of bots and fake accounts on its platform. Musk outlined Multiple reasons to finish the deal.

Twitter later lawsuit Tesla CEO to force him to close the deal. Musk’s Twitter Viewer. The two sides were due to stand trial in Delaware Chancery Court on October 17.

However, last week musk He said Twitter will buy at the agreed price of $54.20 per share. The court gave him until October 28 to close the acquisition to avoid prosecution. Musk said buying Twitter would do acceleration Create an “X, apply everything”.

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What do you think about the investigation of Elon Musk by the federal authorities? Let us know in the comments section below.

Kevin Helms

Kevin, an Austrian economics student, found Bitcoin in 2011 and has been a missionary ever since. His interests lie in Bitcoin security, open source systems, network effects, and the intersection of economics and cryptography.




photo credits: Shutterstock, Pixabay, Wikicommons

disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com It does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



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Cryptocurrency

CRO price (Kronos) pumped over 12% why this could be the start of a bigger rally

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CRO price started a fresh increase from the $0.062 support area. The Chronos bulls are now targeting a strong move towards the $0.094 level in the near term.

  • CRO price started a decent increase above the $0.065 resistance against the US Dollar.
  • The price is trading above $0.070 and the 100 simple moving average (4 hours).
  • There was a break above a major descending trend line with resistance at $0.0650 on the 4-hours chart of the CRO/USD pair (data source from Coinbase).
  • The pair could continue rising towards the $0.080 and $0.094 resistance levels.

Chronos CRO Price Eyes Fresh Rally

In the past month, Kronos price found support near the $0.0615 area against the US Dollar. CRO formed a base above the $0.0615 and $0.0620 levels before starting a fresh increase.

There was a clear move above the $0.0650 resistance area and the 100 simple moving average (4 hours) to move into positive territory. Besides, there was a break above a major bearish trend line with resistance at $0.0650 on the 4-hours chart of the CRO/USD pair.

The price is now trading above $0.070 and the 100 simple moving average (4 hours), outperforming bitcoin And the raised. On the upside, an immediate resistance is near the $0.074 level. It is close to the 23.6% Fibonacci retracement level of the main decline from the $0.131 swing high to $0.0568 swing low.

The next major resistance is forming near the $0.080 area. If there is an upside break above the $0.08 resistance, the price could start another strong increase.

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source: CROUSD on TradingView.com

In the mentioned case, the price could steadily rise towards the $0.094 level. It is close to the 50% Fibonacci retracement level of the main drop from the $0.131 swing high to $0.0568 swing low.

Limited dip in CRO?

If CRO price fails to rise above the $0.074 and $0.080 resistance levels, it might start a bearish correction. There is an immediate support on the downside near the $0.07 level.

The main support is near the $0.0650 level and the 100 simple moving average (4 hours). A break-down below $0.065 could open the doors for a fresh decline towards $0.062. The next major support is near the $0.060 level.

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Technical indicators

4-hour MACD – The MACD for CRO/USD is gaining momentum in the bullish zone.

4-hour RSI (Relative Strength Index) – The RSI for CRO/USD is now overbought.

Key Support Levels – $0.070 and $0.065.

Key Resistance Levels – $0.074, $0.08, and $0.094.

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Bitcoin Analysts Eyeing USD Weakness as BTC Price Struggles Against $17K

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bitcoin (BTCThe bulls tried to reclaim $17,000 in the Dec 4 weekly close as it looks like volatility will return to the market.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

Bollinger Bands ask for bitcoin price volatility

information from Cointelegraph Markets Pro And the TradingView Show BTC/USD crossed the $17,000 mark – a pivotal point throughout the weekend.

With the macro signs still emerging, Bitcoin looked for catalysts as signs of volatility crept into the lower time frames.

Among those eyeing a potential break with the status quo was famed trader Cheds, who pointed out The Bollinger Bands Volatility Indicator was flashing on the 4-hour chart.

Bollinger Bands signal that volatility is imminent soon, and on the day, the 4-hour chart’s bands are at their narrowest since November 27 – before BTC/USD surged $1,000.

4-hour BTC/USD candlestick chart (Bitstamp) with Bollinger Bands. Source: TradingView

Meanwhile, fellow crypto trader Tony remained cloaked Bitcoin price theory in the short term.

“There is simply no change over the past few days,” he said Tell Twitter followers.

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“We’re grinding more in the EQ/mid range, but I wouldn’t be surprised to see a fuse up for SFP modulation and dip back.”
Annotated BTC/USD chart. Source: Crypto Tony / Twitter

Previously, Crypto Tony Putting a mark $21,500 as a target should be his target if the bulls are to take control and change direction.

The US dollar index reverses the relief rebound

Meanwhile, the coming week seemed to be increasingly important for the US dollar and, accordingly, for the performance of risky assets.

Related: Bitcoin outflow has reached its highest level in 6 months, in a new threat to the price of bitcoin

already in lowest levels in five monthsThe US Dollar Index (DXY) definitely looked bleak at the end of last week’s trading.

A rebound to 105.6 on Dec 2 almost completely reversed on the day, with DXY ending at 104.5.

For technical analyst Gert van Lagen, it was all part of the plan, with DXY’s bearish signals showing even in November.

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“Continued rapid decline would be normal here.” Wrote In an analysis on November 23 that he returned for the weekend.

US Dollar Index (DXY) candlestick chart. Source: TradingView

“The correction continues,” Stockmoney Lizards trading resource added About DXY performance.

The views, ideas and opinions expressed herein are those of the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.