When the co-founder of SPQR Media (and presumably Ripple supporter) alerted Brad Garlinghouse of a fake YouTube account using his name, the Ripple CEO lost his calm. He took to Twitter to call for greater action on scammers, saying “enough is enough” and warning “more to come.”
Ripple CEO Tells YouTube to Crack Down on Scammers
When Garlinghouse discovered a YouTube account using his name to promote a fake XRP airdrop scam, he notably lost his rag. “Enough is enough,” he said, before pointing out that now, more than ever, in a time of global crisis, scammers needed to be held accountable by social platforms.
When people are especially vulnerable – – social platforms need to hold scammers (crypto and otherwise) accountable for stealing money from innocent victims
Enough is enough — in a time of global crisis, when people are especially vulnerable — social platforms need to hold scammers (crypto and otherwise) accountable for stealing money from innocent victims with fake giveaways. (1/2) https://t.co/wxrF4J3JWu
— Brad Garlinghouse (@bgarlinghouse) March 25, 2020
He went on to assure his followers that neither himself nor Ripple would ever conduct a giveaway of such a kind, “like the scams that continuously pop up impersonating me.”
My semi-annual PSA: @Ripple and I have not, nor will we ever, conduct a giveaway like the scams that continuously pop up impersonating me on @YouTube, @Instagram, @Twitter, etc. Action needs to be taken – more to come soon. (2/2)
— Brad Garlinghouse (@bgarlinghouse) March 25, 2020
But will the Ripple CEO actually back up his words with action? From the language in his tweet, it would seem so. He said:
Action needs to be taken – more to come soon
The Problem with Crackdowns on Socials
Crypto scammers and social media platforms go hand in hand. There isn’t a cryptocurrency project worth its salt that hasn’t been imitated by opportunist bad actors looking to prey on the gullible.
Most people know by now that the majority of giveaways are scams thanks to extensive education and warnings given out by the major cryptocurrency projects and their leaders. However, innocent people still end up being left out of pocket every day by crypto scammers.
The Ripple CEO certainly has a point when he says that these unscrupulous villains must be held accountable. However, we’ve also seen the damage that crypto crackdowns on socials can cause.
From briefly losing one of Bitcoin’s biggest advocates from Twitter Anthony Pomliano earlier this year to Ivan on Tech being banned from YouTube, there’s plenty of collateral damage.
So, whatever Garlinghouse has in mind with his promise of following through, let’s hope the right people are targeted and we don’t see another mass censorship of crypto accounts.
What do you think the Ripple CEO will do to stop these scams appearing? Let us know your thoughts in the comments below!
Images via Shutterstock, Twitter @bgarlinghouse origin »
As if there wasn’t enough tribalism within the crypto community already, Ripple’s CEO has blatantly bashed bitcoin and Ethereum for their energy consumption and carbon foot print. Bitcoin Using More Energy Than Ever A recent article in the UK’s Telegraph has claimed that one bitcoin transaction uses more energy than an average British household does in two months.
During the 3rd annual DC Fintech Week, Ripple CEO Brad Garlinghouse joined to stage to talk about Ripple and XRP. In an interesting tidbit, he stated how Alex Holmes, the CEO of Ripple’s latest partner MoneyGram, called him two weeks ago complaining about Ripple not moving “fast enough.” He said, “He is upset with us […]
There has been a lot of news emerging from Ripple, the company backing the third-largest crypto asset by market cap, XRP. However, the news has not been enough to spike XRP’s price over the past 30 days into new heights that have been much-expected by the crypto community.
New rating of the Chinese CCID index (Center for Information and Industry Development) brings altcoins to the first places and pushes Bitcoin into the second ten. And with it, such leading cryptocurrencies as Stellar (XLM) (12th place), Ripple (XRP) and Litecoin (LTC) – 30th and 33rd places, respectively. In the TOP, according to the organization […]
Ripple (XRP) drops 10. 5 percent SWIFT and rival platforms are not Ripple’s competitors Christine Lagarde will take over from Mario Draghi. According to analysts plus her previous comments on Ripple, this is bullish for XRP.
Coinspeaker Is Ripple Strong Enough to Compete Against Facebook’s Libra?Ripple’s Garlinghouse told Fortune’s Brainstorm Finance conference that the entry of Facebook’s Libra into the crypto scene does not worry him since it is a boon for the general crypto market, and XRP in particular.
Another day, another cryptocurrency heist. Hackers have breached over 100 Ripple (XRP) Ledger wallets managed by service provider GateHub. If that wasn’t bad enough, additional reports suggest the attackers have siphoned off more than $10 million worth of XRP.
Coinspeaker Ripple Acquiring MoneyGram Was Fake News But It Gave XRP Price the BoostAfter a rumor broke out yesterday that a California-based crypto start-up Ripple has acquired the major US-based money transfer company MoneyGram, both companies refused to comment.
Mid May Update: Technicals XRPUSD daily chart shows a clear behaviour pattern for months now – XRP is ranging in a horizontal channel, bouncing up and down from $0. 29 to $0. 36 levels. It is easy to conclude that there is not enough power behind its moves upwards to rocket past the $0.
Mid May Update: Technicals XRPUSD daily chart shows a clear behaviour pattern for months now – XRP is ranging in a horizontal channel, bouncing up and down from $0. 29 to $0. 36 levels. It is easy to conclude that there is not enough power behind its moves upwards to rocket past the $0.
Early May Update: Technicals XRPUSD daily chart shows a clear behaviour pattern – XRP is ranging in a horizontal channel, bouncing up and down from $0. 29 to $0. 36 levels. It is easy to conclude that there is not enough power behind its moves upwards to rocket past the $0.
Early May Update: Technicals XRPUSD daily chart shows a clear behaviour pattern – XRP is ranging in a horizontal channel, bouncing up and down from $0. 29 to $0. 36 levels. It is easy to conclude that there is not enough power behind its moves upwards to rocket past the $0.
April Update: Technicals XRPUSD daily chart shows a clear behaviour pattern – XRP is ranging in a horizontal channel, bouncing up and down from $0. 29 to $0. 36 levels. It is easy to conclude that there is not enough power behind its moves upwards to rocket past the $0.
Ethereum Co-founder Vitalik Buterin Tried To Be An Intern At Ripple But Couldn’t Make It Back in 2013, Vitalik Buterin tried to be an intern at Ripple but couldn’t make it due to visa complications and the company not being old enough.
XRP has been among the few top cryptos that have dominated the crypto news scene for a long time. Every now and then there’s something to inform about XRP and its company, Ripple. In fact, Ripple has been doing everything in its power to ensure that XRP gets adopted by as many institutions as possible.
At the start of April, Bitcoin rallied nearly $1,000 in a matter of a little more than an hour. The powerful movement was enough to drag the entire crypto market with it, including the likes of Ethereum, Ripple, and Litecoin.
For the umpteenth week in a row, a viable argument can be made that the crypto industry saw a solid seven days. Save for one or two shortcomings, the news cycle remains more positive than not, while the Bitcoin price has continued to bounce around in a tight range.
Today’s Video Briefing takes another look at Stellar Lumens, a star-studded token with a lot of things going for it. Created by Ripple co-founder Jed McCaleb, the Stellar protocol shares many of XRP’s advantages, including split-second settlement times and an eco-friendly footprint with no mining.
The early Bitcoin community in San Francisco was originally comprised of revolutionaries: Individuals who believed in the freedom and opportunity that a permissionless distributed system would bring the world.
When it comes to the SEC, Ripple plays the long game. While most token issuers are likely to take a plea deal, following the examples of Airfox and Paragon, there’s another way out for digital assets.
Latest Ripple News Well, Jackson Palmer the creator of DogeCoin has had enough. He’s reverting back to basics, publishing an open source script that automatically blocks Twitter users that mentions XRP or Ripple in their bios, profile name or bio.
If you spend enough time lurking on the internet, you run into a lot of crazy theories. Cryptocurrency is a bit of a magnet for eccentricity, so it’s no coincidence that we have plenty of Moon Landing theorists and SEC Truthers in our midst.
XRP/USD Medium-term Trend: Bearish Resistance Levels: $0. 52, $0. 53, $ 0. 55 Support Levels: $0. 49, $0. 47, $0. 45 XRP is bearish on the medium-term outlook. On November 5, enough momentum was gained by the bulls, XRP price rose from the support level of $0.
Ripple has formed higher lows and higher highs to create an ascending channel on its 4-hour chart. Price already seems to be bouncing before hitting support, though as it found bulls at an area of interest around .
The Bank of Canada (BoC) is working on a new and innovative concept for a bank – a proof-of-concept approach. Two other industries, the private sector and academia, are helping it achieve its goal. Together, they’ll establish a new financial technology that features an underlying blockchain system and that prioritizes DLT. Interestingly enough, the BoC […]
Could XRP be the Trump administration’s answer to China’s dominance over global Bitcoin supply? Does the U. S. government even care enough about this asset class to create new strategies along those lines? The answer to both questions — however speculative — is YES for Cory Johnson, Ripple’s chief marketing strategist.
The Swell 2018 conference was just held in San Francisco and Ripple’s CEO Brad Garlinghouse spoke about the company’s future, XRP’s value, and the impact of the highly anticipated and newly implemented xRapid.
XRP, Ripple–Despite experiencing a falloff in pricing today, after posting over a 100 percent increase in price over the last ten days, XRP has generated a substantial amount of interest over the preceding two weeks.
Things aren’t looking very rosy for Ethereum (ETH) right now as it just briefly lost its market position to Ripple (XRP). In the last few hours, XRP attained a market cap huge enough to blow past ETH and grab position 2 – right behind Bitcoin.
Sagar Sarbhai is not a household name. Not even a cryptocurrency name. As Head of Regulatory Relations for Asia-Pacific and the Middle East, his role at Ripple Labs is senior enough to merit attention, but not C-level stuff.
Ripple has confirmed that xRapid, its latest product that utilizes digital assets for cross-border payments, will be issued “next month or so. ” Interestingly enough, some companies have already had the opportunity to try the technology and have utilized it in pilots.
Kin Ecosystem Foundation, the nonprofit governance organization for the Kin cryptocurrency, has announced the appointment of Matthew DiPietro as its chief marketing officer (CMO) today, September 18, 2018.
Ripple (XRP) has been of the most predictable cyptocurrencies in terms of trading. The recent price action is a carbon copy of the price action during its previous cycle. Interestingly enough, Ripple (XRP) seems to have ended the cycle with the same big red candle of capitulation as in the previous cycle.
It seems Ripple is really into celebs. Earlier today, the company announced former US President, Bill Clinton, will be speaking at its annual Swell conference – but it appears the cryptocurrency community on Twitter is not all that impressed.
Technically, Ripple (XRP) is bearish and that’s despite news of Wirex support or coin listings in different exchanges around the world which is of course supportive of price. Following yesterday’s high volume XRP bull candlestick reversing from support, chances are we might see a follow through today but that won’t be enough to warrant XRP.
On June 14, 2018, the Securities and Exchange Commission (SEC) director of corporate finance made waves in the cryptocurrency space when he commented at Yahoo Finance’s All Market Summit: Crypto that ether is not a security.
The Bank of England has warned U. K. lenders to study cryptocurrencies before doing business in the space. In a letter sent out to the financial institutions in the country yesterday, the Bank of England Deputy Governor Sam Woods warned financial companies to take appropriate steps to protect themselves against "exposure to crypto-assets" which he believes are susceptible to "fraud and manipulation, as well as money-laundering and terrorist financing risks.
The China Center for Information Industry Development (CCID) released the second iteration of its monthly Global Public Chain Technology Evaluation Index. As part of the Ministry of Industry and Technology Information, the CCID is releasing the monthly reports on behalf of the Chinese government.
The markets still can’t shake off the grip of the bears. Over the past few weeks we have seen retraction after retraction, values are down and with it, so is enthusiasm. June promised to bring us salvation but now, as we enter the latter half of the month, all we see is negativity built upon negativity.
The words “innovation” and “disruption” have been almost synonymous with discussion of new technology in the payments industry over the last year. Yet, at recent banking events — including the annual BAFT Conference this month — the commentary about this progress has not been one of excitement or alarm, but rather that the existing technology powering international … Continued
The post Transaction Banking: Good Enough Is Not Enough appeared first on Ripple.
