Dogecoin boosted because of Musk while SBF parents want FTX case against them annulled

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Last Updated on 4 March 2024 by CryptoTips.eu

Notable gainer in the Coinmarketcap top 10 this weekend was the ultimate memecoin that we all know as Dogecoin. As is often the case, Elon Musk’s was involved, although he did not do it on purpose this time.

The lawsuit against Sam Bankman-Fried, the founder of the major FTX crypto platform that went bankrupt in 2022, has been over for a while. But the lawyers handling the bankruptcy are still trying to recover funds to repay affected customers. Sam’s parents are asked to pay back millions. They claim they had nothing to do with FTX of course.

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Dogecoin bullrun?

The social media platform called X, formerly known as Twitter, will soon offer payments via Xpayments. It is a first part of Elon Musk’s plan to turn X into a total app, just like Weibo in China, for example. This way you could do social media, travel, relocation and payments through one app.

Crypto fans therefore speculate that Elon will allow payments in Dogecoin in the future, but so far the X and SpaceX CEO has not said a word about this possibility.

Claudine Gay

It’s not the best of times to be working at a well-known university in the United States. A few months ago, the US Congress invited the presidents of several well-known universities for a question and answer session. This happened because there had been fierce demonstrations at Harvard, UPenn (University of Pennsylvania) and MIT (Massachusetts Institute of Technology) against Israel’s invasion of Gaza, while many donors of those same universities are of Jewish origin.

The answers of the three female presidents were not very smart and one by one they had to resign afterwards. Claudine Gay, the dean of Harvard, was the last in the list to do so.

Also in California, at the famous Stanford University, they have not been in the news in a positive fashion as of late. In particular, the fact that Sam Bankman-Fried’s parents, who both work as professors at the university, were in the news almost daily in the fall of 2023 due to the trial against their son, the reputation of the elite university was seriously damaged.

Bahama’s

For all those working at Stanford who hoped that 2024 would bring improvement, we once again have bad news.

Joseph and Barbara have asked the judge to dismiss the lawsuit against them because, according to their lawyer, they had nothing to do with FTX. The internet had a good laugh about this of course, because the list of ‘gifts’ they received from FTX via  their son was quite impressive: a payment of 10 million dollars in cash, a villa in the Bahamas valued at 16.4 million dollars and lastly a donation to Stanford University for 5.5 million dollars.

The lawyers handling FTX’s bankruptcy are trying to recover these funds for FTX customers hoping to recoup their accounts and have now asked for all those donations to be returned. Sam’s parents don’t really seem willing to respond. Will undoubtedly be continued.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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