That's the situation McDonald's faced recently, when Tesla and SpaceX CEO Elon Musk, who also happens to be the world's most famous supporter of digital cryptocurrency Dogecoin, told his 71 million Twitter followers that he would "eat a happy meal on tv if McDonalds accepts Dogecoin. Later that day, McDonald's posted the following:. Of course, there are lots of ways to take this joke. I saw the reply from McDonald's as innocent, albeit corny--kind of like one of my jokes that make all three of my kids cringe. But what happened next is pretty interesting--and also a little confusing. Let's sort through the aftermath to see if we can learn any lessons from it all.
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- McDonalds tweets about 'Grimacecoin' after Musk talks cryptocurrency, eating a Happy Meal on TV
- Twitter working on blockchain-linked 'Collectibles' tab
- A Guide to Crypto Twitter
- Major US Twitter accounts hacked in Bitcoin scam
- Twitter Seeks Senior Crypto Role on Heels of NFT Verification Announcement
- Bitcoin Maxi Jack Dorsey Disses ETH Despite Twitter Using Ethereum
- No, Twitter not a valid way to serve a crypto suit on Binance execs, judge rules
McDonalds tweets about 'Grimacecoin' after Musk talks cryptocurrency, eating a Happy Meal on TV
Welcome to Reuters Legal News beta. Please enjoy and provide us with your feedback as we continue to improve the Reuters Legal News experience. A representation of cryptocurrency Binance is seen in this illustration taken August 6, The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta.
We welcome feedback, which you can provide using the feedback tab on the right of the page. Ltd, has a little joke in her Twitter bio : She lists her location as Mars.
Davillier filed a class action complaint in federal court in Prescott, Arizona, in September, accusing Binance, its subsidiary CoinMarketCap OpCo and several individual defendants of rigging cryptocurrency rankings to drive down demand for HEX tokens, which allegedly compete with a Binance token. The corporate defendants, represented by Goodwin Procter, accepted service of the lawsuit.
But Davillier could not track down He, Lin and Zhao. The firm hired a private investigator, an ex-Marine bounty hunter. Yi He might be in Malta. Lin was said to live in Dallas, but the investigator couldn't confirm that.
He looked off-camera, possibly to an aide. Plaintiffs' lawyers asked the judge to allow them to serve Zhao, He and Lin by Twitter. All three have verified Twitter accounts, the Nov. But that is precisely the problem with using Twitter to serve a defendant whose whereabouts are unknown, Brnovich said in a Dec. Zhao, for instance, might be in Taiwan or Singapore. The judge acknowledged other cases in which courts have authorized social media service. In , a federal district judge in Virginia ruled that the networking app WhosHere, Inc, could serve a Turkish defendant via messages on Facebook and LinkedIn.
And in , a federal magistrate judge in San Francisco allowed the non-profit St. Francis Assisi to use Twitter to serve a Kuwaiti national accused of financing a terrorism operation. It would seem that service in the cloud would be appropriate. Opinions expressed here are those of the author. Reuters News, under the Trust Principles, is committed to integrity, independence and freedom from bias.
Opinions expressed are those of the author. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Alison Frankel has covered high-stakes commercial litigation as a columnist for Reuters since A Dartmouth college graduate, she has worked as a journalist in New York covering the legal industry and the law for more than three decades. Before joining Reuters, she was a writer and editor at The American Lawyer. Subscribe for our daily curated newsletter to receive the latest Reuters legal news and headlines delivered to your inbox. Law firms Related documents.
Goodwin Procter LLP. See all. Alison Frankel Alison Frankel has covered high-stakes commercial litigation as a columnist for Reuters since More from Reuters. Sign up for The Daily Docket Subscribe for our daily curated newsletter to receive the latest Reuters legal news and headlines delivered to your inbox. Sign up. Industry Insight. Industry Insight Can client development skills help law firms also retain their legal talent?
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Twitter working on blockchain-linked 'Collectibles' tab
Elon Musk and opinions he has been sharing about cryptocurrencies like Bitcoin and Dogecoin are having thunderous ramifications in the rather complicated world of cryptocurrencies. With each tweet fired, the highs and lows of related virtual currencies are perhaps determining financial fate of many who follow every letter of his word. On Wednesday, Musk had a rather cryptic tweet that mostly invited a whole lot of ire from netizens. Also read: Elon Musk no longer world's second richest as Tesla tumbles. Musk had always been a fan and a supporter of the cryptocurrency but this piece of development sent the already soaring Bitcoin value higher still.
A Guide to Crypto Twitter
When one man can move a near-trillion dollar market by as much as 20 per cent with a tweet, it ought to be a wake-up call for investors and regulators. Elon Musk has now shown, quite consistently, that he can cause the price of bitcoins — and other cryptocurrencies — to soar or tumble in response to his somewhat erratic but plentiful contributions on Twitter. Tesla chief Elon Musk has been moving cryptocurrency markets with his tweets. Credit: AP. Mining bitcoin consumes more energy than Norway. That says something disconcerting about cryptocurrencies and the markets in which they are traded. The size of the market for bitcoin ought to mean that it has depth and liquidity.
Major US Twitter accounts hacked in Bitcoin scam
While there are many projects to help make the internet more decentralised, our focus is solely on a sound global monetary system for all. Mr Brock went on to explain what he viewed as the biggest issues with existing crypto exchanges and custodial services like Coinbase and Cash App. Platforms like these are centralised and are the subject to restrictions and regulations for users in different countries around the world. There is yet to be a popular bitcoin exchange that is decentralised that solves the other issues relating to acquiring and exchanging bitcoin.
Twitter Seeks Senior Crypto Role on Heels of NFT Verification Announcement
Twitter said it was a "co-ordinated" attack targeting its employees "with access to internal systems and tools". It added that "significant steps" had been taken to limit access to such internal systems and tools while the company's investigation was ongoing. The firm has also blocked users from being able to tweet Bitcoin wallet addresses for the time being. We all feel terrible this happened. US politicians also have questions.
Bitcoin Maxi Jack Dorsey Disses ETH Despite Twitter Using Ethereum
Producer, director, actor and politician Kamal Haasan is set to become the first Indian celebrity to have his own digital avatar in a metaverse. Choose your reason below and click on the Report button. This will alert our moderators to take action. Nifty 17, Policy Bazaar Market Watch. Budget ET NOW.
No, Twitter not a valid way to serve a crypto suit on Binance execs, judge rules
Recently, Elon Musk has tweeted on a Dogecoin spinoff known as Baby Doge, a new cryptocurrency in the global market. The announcement was accurate as Elon Musk is popularly called Dogefather and a spinoff of a meme cryptocurrency. Baby Doge is still an inconsequential cryptocurrency.
More Videos Elon Musk tweet sends bitcoin on a wild ride. TV star has new role: Crypto critic. Crypto: The future of money or the biggest scam? Jamie Dimon blasts bitcoin as 'worthless'.
Welcome to Reuters Legal News beta. Please enjoy and provide us with your feedback as we continue to improve the Reuters Legal News experience. A representation of cryptocurrency Binance is seen in this illustration taken August 6, The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page.
Not surprisingly, the BTC rally fueled a similar uptick among all 10 of the top 10 most valuable cryptocurrencies by market cap. The temporary recovery was welcome relief after the entire digital currency market tumbled last week when search engine giant Google announced it will ban crypto ads starting in June. Scott Spencer, Google's director of sustainable ads, said the corporate giant stepped in to protect users from potential fraud.