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Elon Musk has officially moved the headquarters of X (formerly known as Twitter) from San Francisco to a lesser-known spot in Texas called Bastrop. This small town, located about 30 miles east of Austin, is now the social media platformâs new home base, surprising many who thought the move would be to the tech hub of Austin itself. Musk's decision to relocate X to Bastrop has raised some eyebrows. After all, the town is more well-known for its serene atmosphere and beautiful scenery than for being home to tech behemoths. Nevertheless, itâs somewhat used to Muskâs endeavors by now as itâs already home to some of his other companies, like SpaceX and The Boring Company, which have been expanding rapidly in the area.#x #ElonMuskUpdates $BTC
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Researchers have developed innovative transparent solar cells that can charge smartphones directly through their screens. This groundbreaking technology integrates solar energy collection seamlessly into the display, allowing devices to harness sunlight for charging while remaining fully functional and visually appealing. The transparent cells not only provide a sustainable energy source but also maintain the aesthetics and usability of the device. This advancement has the potential to revolutionize mobile technology by extending battery life and reducing reliance on traditional charging methods. #SolarEnergy #SmartphoneTech #Innovation #SustainableLiving #CleanEnergy $BTC
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XRP Price Plummets, Falls to Two-Month Low The value of Rippleâs XRP token has plummeted, losing more than 10% in the past 24 hours. The decline comes after the US Securities and Exchange Commission (SEC) filed an appeal on October 2, challenging a previous ruling in Rippleâs favor. Negative sentiment around the altcoin is growing, putting it on track to drop to a two-month low of around $0.47. This analysis explains why this scenario is likely. Ripple Faces Challenge from SEC In a recent notice of appeal, the SEC expressed its intention to appeal the ruling in its case against Ripple. The move follows Judge Analisa Torresâ decision on August 7 to impose a $125 million fine on Ripple. The court found that Rippleâs XRP transactions with institutional investors were securities in nature, but there was no evidence of fraud or malice. Judge Torres also emphasized that while some XRP transactions may be considered securities, XRP itself is not a security. The SECâs appeal decision, combined with the general market decline, has fueled a sell-off in XRP. The altcoin is currently trading at $0.53, down 11% over the past 24 hours. Its trading volume has also increased by 5% over that time.
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Meta has launched the Fraud Intelligence Reciprocal Exchange (Fire) tool in partnership with the Australian Financial Crimes Exchange (AFCX) to tackle scams. Over the first six months, Fire has led to the deletion of more than 9,000 scam pages and 8,000 AI-generated celebrity investment scams. This initiative follows the significant losses reported by Australians, with $43.4 million lost to scams on social media from January to August 2024, $30 million of which involved fake investment scams. The Fire program, involving seven banks, allows direct reporting of scams between Meta and financial institutions, enhancing scam detection and prevention efforts. Metaâs global threat disruption director, David Agranovich, emphasized the importance of this collaborative approach to combat sophisticated scam activities. Despite promising results, Meta acknowledges the challenges in reporting scams and aims to improve its detection systems further. #Write2Earn! #MetaToken #ScamPrevention #FacebookScams #Deepfake
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SEC Files Appeal Against Ripple (XRP) The U.S. Securities and Exchange Commission (SEC) continues to appeal the ruling that XRP is not a security to the Court of Appeals In July 2023, the crypto market received a major boost when the court ruled that XRP should only be considered a security in direct sales to investment funds or third parties. This decision, along with the rejection of the SECâs appeal in August 2023, was seen as a significant victory for Ripple and the entire crypto industry. However, the battle is far from over. On October 2, 2024, under the direction of Chairman Gary Gensler, the SEC once again filed an appeal with the Court of Appeals, extending the four-year legal fight with Ripple. This move came just a few months after Judge Analisa Torres imposed a $125 million fine on Ripple for the unauthorized sale of securities through XRP tokens.
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