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. 3050 Total views 9 Total shares Listen to article 0:00 News Join 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 XRPs 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 Ripples official website to promote fake giveaways and airdrops. In such instances, the scammer intends to gain access to the potential victims 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 creators 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 NFT to 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 dont kill us all # Altcoin # Business # Ripple # XRP # Hackers # Scams # Hacks
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The man who killed three people on the streets of Nottingham was allowed to avoid taking long-lasting antipsychotic medication because he did not like needles.
An independent review also reveals that Valdo Calocane punched a police officer in the face and held his flatmates “hostage”.
He frightened one neighbour so much, she jumped out of a first floor window and seriously damaged her back.
Mental health staff did not visit his home alone.
Calocane, who had been diagnosed with paranoid schizophrenia, was sentenced to an indefinite hospital order after killing 19-year-old students Barnaby Webber and Grace O’Malley-Kumar, and 65-year-old caretaker Ian Coates, before attempting to kill three other people in June 2023.
NHS England initially planned to release only a summary of the report because of data protection laws, but reversed its decision “in line with the wishes of the families”.
Those relatives say the revelation that Calocane was refusing his meds shows he may have been “spared prison on the basis of incomplete evidence”.
Prosecutors accepted a plea of manslaughter after experts agreed his schizophrenia meant he wasn’t fully responsible for his actions.
But in a statement, the families said: “This was a man who actively avoided his medication and treatment, knowing that when he didn’t take his medication he would become paranoid and violent.
“He was responsible for his actions and was allowed to make these decisions by his treating teams, but yet when he came to court, we were told a very different story.”
A “theme” running through Calocane’s clinical records is that he “did not consider himself to have a mental health condition”, the review found.
That meant the importance of medication “never appeared to be understood” by him.
The report detailed four hospital admissions between 2020 and 2022 and multiple contacts with community teams before he was discharged to his GP because of a lack of interaction with mental health services.
Investigators found that “the offer of care and treatment available for VC (Valdo Calocane) was not always sufficient to meet his needs” and this was “not unique” to his case.
Health officials have admitted it is “clear the system got it wrong”.
Dr Jessica Sokolov, regional medical director at NHS England (Midlands), said: “It’s clear the system got it wrong, including the NHS, and the consequences of when this happens can be devastating.
“This is not acceptable, and I unreservedly apologise to the families of victims on behalf of the NHS and the organisations involved in delivering care to Valdo Calocane before this incident took place.”
Claire Murdoch, NHS England’s national mental health director, added: “Nationally, we have asked every mental health trust to review these findings and set out action plans for how they treat and engage with people who have a serious mental illness, including how they work with other agencies such as the police.
“And we’ve instructed trusts not to discharge people if they do not attend appointments.”
The report, which found Calocane’s risk “was not fully understood, managed, documented or communicated” should be a “watershed moment”, a mental health charity boss has said.
Marjorie Wallace, chief executive of mental health charity Sane, said there had been “one hundred such inquiries in the last 30 years”.
She added: “Today’s findings expose the same flaws and fault lines that have resulted in tragedies, yet little seems to have changed.”
FILE PHOTO: The logo of Toyota is pictured in Cuautitlan Izcalli, Mexico, January 30, 2025
Raquel Cunha | Reuters
Japan’s Toyota Motor on Wednesday reported a second consecutive fall in quarterly profit, while announcing that it will set up a new company in China to make electric vehicles as it plays catch up with automakers focused on EVs.
Here are Toyota’s results compared with estimates from analysts, compiled by LSEG.
Revenue: 12.39 trillion yen vs. 12.1 trillion yen
Operating profit: 1.22 trillion yen vs. 1.39 trillion yen
The world’s largest automaker by sales volume saw anearly 28% year-on-year drop in operating profit during the quarter ended December.
The results mark Toyota’s second consecutive year over year decline in operating profit after the company saw profit fall 20% year over year in the previous quarter.
Net income attributable to the company, however, jumped to 2.19 trillion yen from 1.36 trillion yen a year ago.
The automaker’s consolidated vehicle sales for its financial third-quarter dropped to 2.44 million from 2.55 million units a year ago.
Still, Toyota maintained its full-year dividend forecast at 90 yen, compared with a dividend payout of 75 yen a year earlier.
Toyota said it will establish a wholly-owned company for the development and production of Lexus BEVs and batteries in Shanghai, China. The new company is expected to start production in 2027.
Toyota shares rose over 1% in Tokyo on Wednesday.
The companysaw its operating profit drop in the key North America region by 113.7 billion yen in the December quarter, year on year, while it declined by over 46 billion yen in Asia.
Toyota has been slower than competitors at embracing fully battery-powered electric vehicles, and instead has focused on hybrids, according to local reports.