Dubai man sentenced for cryptocurrency scam costing victim over 224000 dirhams

A Dubai resident lost over Dh224,000 in a cryptocurrency scam after being lured by false promises of high returns. The victim transferred funds to various accounts, leading to the arrest of one account holder, who was found guilty of concealing illegally obtained money. A civil court ordered the scammer to repay Dh224,239 plus Dh20,000 for damages, while the criminal court sentenced him to one month in jail, a fine, and deportation.

Google plans to appeal antitrust ruling on online search competition

Google announced its intention to appeal a recent antitrust decision that proposed less stringent measures for enhancing online search competition than those recommended by antitrust enforcers. The company expressed confidence that the original ruling was incorrect and is awaiting the Court's opinion.

Elon Musk Commits to Focus on X and Other Key Ventures

Elon Musk has pledged to be "super focused" on his companies, citing recent outages at X as a sign of the need for significant improvements. He expressed his commitment to working around the clock, emphasizing the importance of advancements at X, xAI, and Tesla, along with the upcoming Starship launch.

Elon Musk showcases Tesla's Optimus robot dancing in real time video

Elon Musk shared a captivating video of Tesla's Optimus robot dancing in real-time, sparking questions about its authenticity. The robot, which has evolved since its introduction in 2021, can now perform complex tasks and is seen as a significant advancement in human-robot collaboration. However, production has faced challenges due to China's export restrictions on rare earth magnets essential for its development.

Tesla's factories redefine production efficiency and innovation in vehicle manufacturing

Tesla's factories are highlighted as its most valuable asset, with Giga Shanghai achieving a record six-week ramp-up for the new Model Y. The company emphasizes its focus on efficiency and automation, aiming for the Cybercab to be produced every five seconds, showcasing a revolutionary approach to manufacturing. Elon Musk reinforces that the factory is as much a product as the vehicles themselves, underscoring Tesla's innovative manufacturing principles.

Tesla board denies CEO replacement rumors amid Musk's renewed focus on company

Tesla Chair Robyn Denholm refuted claims that the board is seeking a new CEO to replace Elon Musk, stating that no recruitment firms have been contacted. This comes amid reports of Musk needing to dedicate more time to Tesla following a decline in sales and backlash over his political involvement. Denholm expressed confidence in Musk's leadership as he plans to focus more on the company, which has seen a 24% stock surge since his announcement.

Elon Musk bids farewell to Trump Cabinet and claims DOGE saved billions

Elon Musk bids a unique farewell to the Trump Cabinet, highlighting the impact of DOGE, which he claims has saved $160 billion. His remarks reflect a blend of political commentary and cryptocurrency advocacy, showcasing his ongoing influence in both arenas.

Raoul Pal endorses Sui as a top competitor to Solana

Ex-Goldman Sachs executive Raoul Pal has expressed a preference for the layer-1 blockchain Sui (SUI) over Solana (SOL), highlighting SUI's recent price surge and potential breakout. Currently trading at $2.97, SUI has seen a 21% increase in the past day and nearly 41% in the past week. Analysts, including Michaël van de Poppe, are optimistic about SUI's adoption in decentralized finance, noting its rapid growth and significant trading volume.

Elon Musk faces backlash over monetization policies on social media platform

Elon Musk responded to Laura Loomer's criticism of DOGE, suggesting it was a means for billionaires to redirect spending while claiming to save money for the public. Following their exchange, Loomer lost her X Premium status, alleging a $50,000 loss, but later regained access. She criticized the platform for limiting monetization while promoting itself as a free speech venue.

Musk announces reduced focus on Dogecoin in upcoming month

Tesla CEO Elon Musk announced that his involvement with Dogecoin (DOGE) will significantly decrease next month. This shift indicates a potential change in his focus and priorities regarding the cryptocurrency.
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