Elon Musk

According to the latest updates, Elon Musk has <a href="https://twitter.com/elonmusk/status/1687662311010631680" rel="noopener noreferrer nofollow">stated</a> that he has no intention to introduce crypto tokens as a reply to a tweet by DogeDesigner on Saturday, Aug. 5, discussing dubious X and Twitter-based digital currency. 
<h2 id="span-style-font-weight-400-elon-musk-addresses-cases-of-scam-tokens-span">Elon Musk Addresses Cases of Scam Tokens</h2> 
Elon Musk addressed the issue of fraud tokens like X (X) and TwitterDAO (TWITTER) falsely claiming connections to his social media platform X (formerly Twitter) through his social media network X which used to be Twitter. Notably, ‘<a href="https://twitter.com/cb_doge/status/1687659637611565056?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1687662311010631680%7Ctwgr%5Eabe37f48f17be00b174b3668c85323b93c23dfb0%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Felon-musk-debunks-scam-token-claims-assures-no-crypto-plans-for-x" rel="noopener noreferrer nofollow">DogeDesigner</a>‘ had previously warned crypto users to beware of news concerning fake coins and highlighted that neither Musk nor X had actually released a crypto token.&nbsp; 
<h3 id="span-style-font-weight-400-dogecoin-s-price-increased-span">Dogecoin’s Price Increased</h3> 
According to CoinMarketCap, the price of Dogecoin increased by more than 2% in just a couple of hours after Musk confirmed that his company has no plans to introduce a crypto token. 
There were some questions raised about the prospect of a DOGE incorporation following Linda <a href="https://thecoinrise.com/elon-musk-appoints-linda-yaccarino-as-new-ceo-of-twitter/" rel="noopener noreferrer nofollow">Yaccarino’s appointment as the new CEO</a>, who provided details regarding X in a tweet on 23 July.&nbsp; 
<h2 id="span-style-font-weight-400-elon-musk-s-commitment-to-dogecoin-span">Elon Musk’s Commitment to Dogecoin</h2> 
Nonetheless, Elon Musk’s prior comments brought back optimism amongst Dogecoin speculators. The cofounder of six different companies has been reported that he had given his programmers directions in February of this year to create the platform’s payment methods in the manner that will enable <a href="https://thecoinrise.com/elon-musk-wants-a-crypto-focused-twitter-payments-system/" rel="noopener noreferrer nofollow">the adoption of crypto capabilities</a> in the years to come. The news of the initiative came after Elon Musk revealed in December that he planned to establish his <a href="https://thecoinrise.com/rumors-of-twitter-coin-being-circulated-all-you-need-to-know/" rel="noopener noreferrer nofollow">own cryptocurrency, the Twitter Coin</a>.&nbsp; 
<h3 id="span-style-font-weight-400-twitter-transforms-into-x-span">Twitter Transforms into X</h3> 
Last month, Twitter head announced that <a href="https://thecoinrise.com/twitter-has-been-rebranded-to-x-details/" rel="noopener noreferrer nofollow">Twitter, now X Corp,</a> was going to be transformed to “X” as its initial move for its impending development as a “everything app.” According to Musk’s several tweets and a vote, the revamp might involve switching the platform’s color schemes to black, deleting the blue bird emblem, and renaming it X,&nbsp; and this proves accurate. 
The post <a rel="noopener noreferrer nofollow" href="https://thecoinrise.com/elon-musk-says-no-to-crypto-integration-on-x/">Elon Musk Says No to Crypto Integration on X</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://thecoinrise.com">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Elon Musk Says No to Crypto Integration on X

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