A biography of billionaire investor Elon Musk reveals details about his involvement in the Dogecoin project and an idea to launch a social media platform based on blockchain. The book, which should be available later this month, also mentions a failed attempt by former crypto mogul Sam Bankman-Fried to help Musk’s acquisition of Twitter.
Elon Musk Considered Creating Blockchain-Based Social Media Platform With Payments
Tech entrepreneur Elon Musk has been quietly funding the development of Dogecoin, according to a new biography of the owner of Spacex and Tesla which will be published on Sept. 12. The cryptocurrency, which started as a joke a decade ago, owes a great deal of its popularity to Musk who also established himself as a crypto influencer.
Elon Musk’s comments about dogecoin (DOGE) have been suspected of moving its market. In a class-action lawsuit involving the meme coin earlier this year, plaintiffs accused him of insider trading and inflating the price of the crypto. In
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