Fun

News Feed - 2023-07-14 04:07:38

Arijit Sarkar1 hour agoRipple CTO warns against XRP scams amid SEC-induced hypeThe XRP price rallied over 70% — bringing up its value from $0.47 to $0.82 in a day. The incident also marks the biggest price jump for XRP in the past year.1449 Total views8 Total sharesListen to article 0:00NewsJoin us on social networksA court ruling in favor of Ripple Labs — stating that XRP (XRP) is not a security — reignited the long-lost hype around the ecosystem. Anticipating an influx of scams as the token rallied, Ripple chief technology officer David Schwartz issued a warning to investors.


A two-year-long legal battle between the United States Securities and Exchange Commission and Ripple partly concluded on July 13, with its XRP token shaking off the “security” label in a decision by the United States District Court for the Southern District of New York.XRP is not a security.

This victory for @Ripple is a win for the entire industry and a step toward regulatory clarity in the U.S.

A huge thank you to @bgarlinghouse, @chrislarsensf, and @s_alderoty for their leadership and the #XRPCommunity for their continued support.— Ripple (@Ripple) July 13, 2023


What followed was an organic but substantial spike in XRP’s market price. As shown below, the XRP price rallied over 70% — bringing up its value from $0.47 to $0.82 in a day. The incident also marks the biggest price jump for XRP in the past year.XRP 1-year price chart showing a spike after a New York court ruling. Source: TradingView


The hype around cryptocurrencies or crypto ecosystems like nonfungible tokens (NFTs) is when crypto scammers get highly active in trying to dupe unwary investors. Schwartz took to Twitter to warn against the rising XRP scams. He said:“A lot of scammers are taking advantage of the recent good news to try to cheat and steal. There are no airdrops, giveaways, or special offers associated with this ruling.”


Given its massive popularity and growing community, scammers often imitate Ripple’s official website to promote fake giveaways and airdrops. In such instances, the scammer intends to gain access to the potential victim’s crypto wallets, which would be used to drain existing tokens or siphon stolen funds at a later date.


Related:Ripple, Binance impersonators target XRP holders via fake staking program


In April 2023, YouTube helped recover a creator’s channel with 2.4 million subscribers, which was hacked to promote XRP scams.so sorry you"re having to deal with this! first, we"ll need to get some quick info from you & then we"ll connect you w/ a specialist team who helps restore account access. follow us & we"ll be able to DM you the info you need!— TeamYouTube (@TeamYouTube) April 28, 2023


YouTuber DidYouKnowGaming regained access to its account and recovered the deleted videos following a swift intervention from YouTube. The exploit used by the hackers to gain access to YouTube accounts remains a mystery.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Experts want to give AI human ‘souls’ so they don’t kill us all# Altcoin# Business# Ripple# XRP# Hackers# Scams# HacksAdd reactionAdd reactionRelated NewsCan artificial intelligence prevent the next financial crisis?BlackRock Bitcoin ETF could unlock $30 trillion worth of wealth, Bloomberg analyst saysHow to use index funds and ETFs for passive crypto incomeRipple gets in-principle nod for digital asset services in SingaporeBad news for Ripple? LBRY judge passes ruling on if secondary crypto sales are securitiesCrypto scams are down 77% — but this exploit is making a huge comeback

News Feed

How to Anonymously Buy Bitcoin Online and in Person
How to Anonymously Buy Bitcoin Online and in Person Buying bitcoin is a bit like buying contraception: it’s a basic human right, you should be entitled to do so privately,
Altcoin Market Decline Reaches Final Act, Bottom Expected In 2025–Analyst
Este artículo también está disponible en español. After enjoying a mini price run in the last week of October, Bitcoin’s price has corrected below $68k to start the fir
Accused Bitfinex Bitcoin Money Launderer Granted Permission to ‘Engage in Legitimate Employment’
Accused Bitfinex Bitcoin Money Launderer Granted Permission to "Engage in Legitimate Employment" On February 8, 2022, the U.S. Department of Justice (DOJ) arrested a couple that is
Ethereum Price Dump: Is Donald Trump’s World Liberty Finance Behind The Crash To $1,400?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
What Is The Merge? A Brief Explanation of Ethereum’s Transition From Proof-of-Work to Proof-of-Stake
What Is The Merge? A Brief Explanation of Ethereum’s Transition From Proof-of-Work to Proof-of-Stake In 23 days the Ethereum network will transition to a proof-of-stake (PoS) con
Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range
Ebb and Flow of Stablecoin Economy Continues With BUSD"s Market Cap Dropping Below $10 Billion Range The realm of stablecoins is an ever-evolving landscape and the number of coins
WATCH: UNICEF’s Crypto Fund Plans to Pay for Internet in Public Schools
Plans are in place to allow non-profit UNICEF to use cryptocurrencies donated by the Ethereum Foundation and other organizations to fund internet connectivity in public schools around the world.
CoinTracking Launches Two Powerful, Free Plug-ins for Crypto Traders 
CoinTracking Launches Two Powerful, Free Plug-ins for Crypto Traders Though the top cryptocurrency exchanges offer charts, many don’t offer the analytical features crypto tra
Paraguayan Cryptocurrency Law Shelved After Presidential Veto
Paraguayan Cryptocurrency Law Shelved After Presidential Veto The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The docum
Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank
Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Ba
Petition to List Shiba Inu on Robinhood Gains 400K Signatures as SHIB Price Soars
Petition to List Shiba Inu on Robinhood Gains 400K Signatures as SHIB Price Soars Shiba inu supporters are petitioning on Change.org for the trading platform Robinhood to list the
Ethereum Price Crash To $2,100 Triggers Fear, But Why Are Analysts Predicting A Rally To $6,000?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu