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- 2023-11-06
2023-11-06
πΌ Ripple's Legal Win Over SEC Fine?
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Howdy Folks,What is a crypto enthusiast's favorite ice cream?
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Raspberry Ripple!
A little hint into one of today's big stories!
π Ripple's Slimming Season?
π Homer's NFT Quip?
π° Fake App Alert!
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ποΈ Ripple's Bargain with SEC Justice?
In the courtroom drama starring Ripple and the SEC, attorney Jeremy Hogan takes center stage with a forecast that could have Ripple's fines slimming down to under $100 million π°βa fiscal facelift from the initial $770 million.
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Channeling the spirit of a savvy tax lawyer π΅οΈββοΈ, Hogan suggests Ripple could carve out a significant chunk of its alleged ill-gotten gains by deducting international sales and necessary expenses from the grand total.It's like finding a coupon for justice!
In an ironic twist, the value of XRP didn't dive like a distressed submarine π€ but rather swam upstream, much to the SEC's chagrinβcue the βis it really a security?β debate.Hogan points out that the SEC's net might not cast as wide as they hope, with sales beyond the American frontier potentially slipping through the regulatory cracks π.There is a whole world out there, remember!
As Ripple preps for a 2024 legal showdown, the witty Hogan winks at the community, suggesting Ripple's financial dinghy won't be taking on as much water as once thought.The fine, much like a well-negotiated yard sale bargain, might just be a fraction of the SEC's sticker price. π€πΈπ§
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πΊ The Simpsons Skewer NFT Mania
Springfield's finest have taken another jab at pop culture, and this time the bullseye is on the enigmatic world of NFTs.
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In the latest 'Treehouse of Horror' episode, Bart Simpson finds himself as the latest non-fungible asset on the blockchain, causing Homer to quip about his son's newfound lack of fungibility πΌοΈπ».
It's a Halloween treat filled with satirical tricks as 'The Simpsons' wade through the murky waters of digital art valuation, throwing shade like it's going out of fashion.Don't forget, The Simpsons has had an uncanny success rate in predicting the future!In a town where even the mayor has been bitten by the digital bug, NFTs become the town's artistic pulse, despite their shaky real-world worth π¨.
Noah Bolanowski, an NFT aficionado, took to X to chuckle at the show's take, pointing out the hierarchy of digital assets with blue-chip NFTs like Beeple and Bored Ape Yacht Club being put on a pedestal, while other PFPs are left in the dust πΎπ.
Springfield's dive into crypto isn't new; from Jim Parsons' musical blockchain explanation to Krusty the Clown's NFT faux pas, the animated family has been cryptic about crypto for a while π€‘πΈ.I should probably say....watching The Simpsons for financial advice is "comical."With a wink and a nod, 'The Simpsons' continues to mirror the comedic absurdities of our digital age, proving that sometimes laughter is the best investment. ππ¨βπ©βπ¦βπ¦π
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πΈ Microsoft Store Hit by Crypto Scam
The cyber swindlers have struck again, and this time their playground was the Microsoft App Store.
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Posing as the legitimate Ledger Live app, a fraudulent application hoodwinked users out of a staggering $588,000 worth of Bitcoin. π€π²Ouch!!Like a wolf in sheep's clothing, the fake app masqueraded as a safe haven for cryptocurrency enthusiasts looking to manage their Ledger hardware wallets.
The scam, as sly as a fox, saw the first Bitcoin transaction of $5,210 vanish into the scammers' pockets on October 24. The deceit didn't end there; a floodgate of transactions followed, climaxing with an $81,200 heist on November 4. π΅οΈββοΈπ
Victims' outrage pointed fingers at Microsoft for the oversight, sparking debates over the tech giant's responsibility in policing its platform.In a digital age where trust is as fragile as a house of cards, users bemoaned the security lapse that left them lighter in the wallet. π πMicrosoft may well need to do better, but folks...use your noggin!!
History seems to repeat itself, as this wasn't a debut for fake Ledger Live apps in the Microsoft App Store.Despite previous warnings and an echo of past deceptions, the scam artists found a way back in. Ledger remains mum, but they've been clear: the only safe download harbor is their official website. π¨π
The take-home? Do your homework before downloading; it might just save you a Satoshi or two. π€ ππ°
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DailyCoin Daily Meme
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UKβs Stablecoin Regulatory Regime Proposal Goes Live
This development follows an October 30 announcement by the government, proposing three institutions to regulate fiat-backed...
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Bitcoin Miners Go Into Overdrive, Hash Rate Sets New ATH
In recent weeks, the price of Bitcoin has rallied to a yearly high of $36,000, driving expectations of further price appreciation to...
FTX Debtors Propose $744M Firesale as Advance Payout Plan
The collapse of the now-defunct cryptocurrency exchange FTX rippled through the global cryptocurrency and financial world in...
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