đ¨ Must-Know Crypto Updates: End of Summer Edition!
1ď¸âŁ Scammers Revamp Tactics in 2024
A new #Chainalysis report reveals that crypto scammers have adapted their methods in 2024, opting for short-term, high-profit scams. With a focus on smaller targets, the average lifespan of these schemes has dropped by over 50% since 2023.
2ď¸âŁ Elon Musk Beats $258B Dogecoin Lawsuit
A massive victory for Elon Musk! The Tesla founder and X (formerly Twitter) owner just won the dismissal of a $258 billion lawsuit accusing him of hyping #Dogecoin. The court ruled in Musk's favor, putting an end to investor claims of fraud and insider trading.
3ď¸âŁ Australia's Crypto ATM Boom đŚđş
Australia is making waves in the crypto world with a 16-fold increase in cryptocurrency ATMs in just two years. Now boasting nearly 1,200 machines, Australia ranks third globally in crypto ATM adoption.
4ď¸âŁ Londoner Charged for Unregistered Crypto ATM
In a UK first, a man from London faces charges for operating a crypto ATM without FCA registration. A stern reminder that regulation is tightening in the crypto space.
5ď¸âŁ Rippleâs Legal Battle with the SEC âď¸
Rippleâs Chief Legal Officer is going head-to-head with the SEC. Following OpenSea CEO Devin Finzer's announcement of a Wells Notice, Ripple is stepping up its challenge against the regulatory giant.
đ Remember to always Do Your Own Research (DYOR) before making any crypto investments.
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