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๐ŸšจAttention BTC enthusiasts!๐Ÿšจ Google is taking a stand against crypto fraudsters! The tech giant recently filed a lawsuit against two developers, Yunfeng Sun and Hongnam Cheung, for uploading nearly 90 fraudulent crypto investment apps on Google Play. These apps were used to scam around 100,000 users, despite Google's previous attempts to remove such apps. ๐Ÿ˜ฑ The duo reportedly used deceptive tactics to trick investors into downloading their bogus apps. One such app, a so-called crypto exchange named TionRT, was promoted as legitimate but was later revealed as a scam when users were unable to withdraw their funds. ๐Ÿšซ๐Ÿ’ฐ The fraudsters also used online videos and affiliate marketing programs to convince investors of the apps' authenticity, promising high returns that Google described as "illusory." ๐ŸŒˆ๐Ÿ’ธ The scammers have been operating since 2019, uploading about 87 apps on Google Play. While Google managed to remove some, the fraudsters found ways to upload new ones under different aliases. ๐Ÿ˜ก The lawsuit noted that victims' financial losses ranged from hundreds to tens of thousands of dollars. Google itself also suffered financial damage of more than $75,000 used to investigate the breach and remedy the damage. ๐Ÿ˜ค Google is now seeking a permanent injunction on Sun, Cheung, and their associates to prevent them from accessing Google services or using the company's products to promote any website, app, or product. Let's hope this serves as a wake-up call for all crypto enthusiasts to stay vigilant! ๐Ÿš€๐ŸŒ•

๐ŸšจAttention BTC enthusiasts!๐Ÿšจ Google is taking a stand against crypto fraudsters! The tech giant recently filed a lawsuit against two developers, Yunfeng Sun and Hongnam Cheung, for uploading nearly 90 fraudulent crypto investment apps on Google Play. These apps were used to scam around 100,000 users, despite Google's previous attempts to remove such apps. ๐Ÿ˜ฑ

The duo reportedly used deceptive tactics to trick investors into downloading their bogus apps. One such app, a so-called crypto exchange named TionRT, was promoted as legitimate but was later revealed as a scam when users were unable to withdraw their funds. ๐Ÿšซ๐Ÿ’ฐ

The fraudsters also used online videos and affiliate marketing programs to convince investors of the apps' authenticity, promising high returns that Google described as "illusory." ๐ŸŒˆ๐Ÿ’ธ

The scammers have been operating since 2019, uploading about 87 apps on Google Play. While Google managed to remove some, the fraudsters found ways to upload new ones under different aliases. ๐Ÿ˜ก

The lawsuit noted that victims' financial losses ranged from hundreds to tens of thousands of dollars. Google itself also suffered financial damage of more than $75,000 used to investigate the breach and remedy the damage. ๐Ÿ˜ค

Google is now seeking a permanent injunction on Sun, Cheung, and their associates to prevent them from accessing Google services or using the company's products to promote any website, app, or product. Let's hope this serves as a wake-up call for all crypto enthusiasts to stay vigilant! ๐Ÿš€๐ŸŒ•

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๐Ÿš€Hey there, BTC enthusiasts!๐Ÿš€ Bitcoin's been on a rollercoaster ride, bouncing between $59,000 and $65,000, and now settling around $61,700. But hold onto your hats, folks!๐ŸŽข Optimistic forecasts are predicting a potential rise to $74,000 due to technical patterns and recent halving effects.๐Ÿ“ˆ ๐Ÿ”Now, let's talk about the Ripple and SEC drama. The legal conflict is still ongoing, with the main focus being whether XRP is an unregistered security. The verdict is still out on that one!โš–๏ธ ๐ŸŒžMeanwhile, Solanaโ€™s SOL has been soaking up the sun, climbing by 12% over the past week. Analysts are bullish, foreseeing new highs in 2024 and highlighting the assetโ€™s strong market performance.๐Ÿš€ ๐Ÿ”„Back to BTC, despite the recent plunge, many industry participants remain optimistic. The Titan of Crypto predicts a "falling wedge" might fuel a rally toward $74,000 "sooner than many expect." Adrian Zduล„czyk also sees a $70K+ level as a possible target in May.๐ŸŽฏ ๐Ÿ””One signal that BTC's resurgence is on the horizon is the halving that took place last month. Historically, this event has resulted in a bull run for the asset and the entire cryptocurrency market.๐Ÿ‚ ๐Ÿ”ฎLastly, let's touch on Solanaโ€™s native cryptocurrency, SOL. It's up 12% on a weekly scale, briefly pumping above the $150 mark. Analysts predict the rally will continue, setting impressive price targets. Inmortal described the token as "the fastest horse of the cycle" and envisioned a new peak as early as this summer.๐ŸŒ… Stay tuned, crypto fans! The ride is just getting started!๐Ÿš€๐ŸŒ•
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๐Ÿš€๐Ÿš€Buckle up, BTC enthusiasts! A Republican-led initiative to allow US banks to offer crypto custody services has been stopped in its tracks by the Democrat-led White House. ๐Ÿ›๏ธ The House of Representatives was all set to vote on House Resolution 109, which would have overturned previous accounting guidance for banks looking to offer this service. But, the Biden Administration announced its intention to veto the resolution if it gets through the House and Senate. ๐Ÿ˜ฎ ๐Ÿ”Let's dive a bit deeper. The guidance that the Republicans want to invalidate, known as Staff Accounting Bulletin (SAB) 121, outlines the SEC's views on the accounting responsibilities of firms safeguarding customers' crypto assets. The White House argues that the resolution would disrupt the SEC's efforts to protect investors and the broader financial system. ๐Ÿ›ก๏ธ ๐Ÿ—ณ๏ธThe resolution did manage to pass through the House, but only with 55% of the vote. All Republicans and 26 Democrats voted in favor. But for it to become law, it needs to pass through both the House and Senate with a majority vote and get the President's approval. If the President vetoes, it would need a two-thirds majority in both chambers. ๐Ÿฆ Critics of SAB 121, including the act's sponsor Mike Flood, argue that the SEC bypassed the traditional rulemaking process and that the bulletin is more of a "rule" than "guidance". They claim it makes it too costly for banks to realistically offer crypto custody services. ๐Ÿง๐Ÿ’ฐ Stay tuned for more updates, BTC fans! ๐Ÿš€๐Ÿš€
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