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David Schwartz, the Chief Technology Officer of Ripple, has publicly denied any association with Instagram after a user on X named Anisa referenced his alleged activity on the platform. Anisa, who described herself as focused on technical setups rather than hype, posted that Schwartz’s “recent IG posts have been solid” and encouraged others to follow his “verified Instagram profile” while emphasizing technical content. In direct response to her claim, Schwartz wrote, “I do not post to Instagram. Any profile you see there that claims to be me is a scam.” His brief but clear statement immediately dismissed any notion of his involvement on the Meta-owned platform and reiterated the long-standing issue of impersonation attempts involving Ripple executives. Schwartz, widely known in the crypto community by his handle @JoelKatz, used his verified X account to issue the denial. I do not post to instagram. Any profile you see there that claims to be me is a scam. — David 'JoelKatz' Schwartz (@JoelKatz) July 24, 2025 Impersonation Concerns Across Platforms This latest interaction underscores the broader concern Ripple has consistently voiced regarding digital impersonation and scam-related activity. Schwartz’s warning aligns with Ripple’s previous alerts regarding fraudulent representations of the company and its executives on major social media platforms. In a related development covered by Times Tabloid, Ripple issued a formal alert about a series of impersonation scams targeting its followers on YouTube. According to the Times Tabloid report, scammers were hijacking existing YouTube channels and modifying them to resemble Ripple’s verified profile. These unauthorized channels were then being used to disseminate misleading content, seemingly with the intent to deceive XRP holders into participating in fraudulent schemes. Ripple clarified that these bad actors often change the usernames of compromised YouTube accounts to mirror Ripple’s official handle, “@Ripple,” which creates the appearance of legitimacy. The firm reiterated that neither Ripple nor any of its executives will ever request users to send XRP or any digital asset to unknown wallets. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Ongoing Security Emphasis from Ripple Ripple’s leadership has consistently emphasized the importance of verifying official communication channels. With Schwartz’s latest rebuttal regarding Instagram, the company is continuing its stance on ensuring that the community is protected from misinformation and potential scams. By directly addressing the misinformation, Schwartz reaffirmed Ripple’s position that any impersonations, whether on Instagram, YouTube, or elsewhere, should be regarded as fraudulent. The CTO’s denial also reinforces Ripple’s broader message on cybersecurity awareness and safe engagement practices within the cryptocurrency ecosystem. Users are encouraged to rely only on Ripple’s official website and verified social media accounts for updates and communication, particularly regarding executives such as Schwartz. Verification and Responsible Engagement This exchange between Schwartz and Anisa highlights the challenges public figures in the digital asset space face when it comes to impersonation. Despite good-faith comments by users like Anisa, who may be unaware that the Instagram account is illegitimate, the potential for confusion remains high. As misinformation continues to circulate, Ripple executives have taken it upon themselves to clarify such issues promptly. Schwartz’s statement serves as a reminder for followers and investors to critically assess information, verify social media identities, and avoid engaging with unverified accounts that falsely claim affiliation with Ripple or its leadership. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CTO Warns XRP Holders. Here’s why appeared first on Times Tabloid .
The post LIBRA Memecoin Scandal? Founder Davis Calls LIBRA a “Memecoin,” Not an Investment appeared first on Coinpedia Fintech News A new court filing in the U.S. has revealed a surprising twist in the LIBRA token case. Crypto entrepreneur Hayden Davis now says the token was just a memecoin, not a serious project. But this comes after it was heavily promoted online and even discussed with Argentina’s President. At the same time, large money transfers were made during Davis’s meeting with top officials. With $280 million frozen , a court hearing is set for August 19. Davis Calls LIBRA a “Memecoin,” Not an Investment Davis made this statement in a recent filing with a U.S. federal court in New York, where he’s facing a legal case tied to $280 million in frozen assets. Meanwhile, Davis’s legal team claimed that LIBRA was never meant to be a real investment. He said it had no business plan, no roadmap, and no clear goals. Instead, Davis described LIBRA as a memecoin—a type of token known for being unpredictable, risky, and mostly driven by social media hype. This statement is very different from how the project was originally presented. When LIBRA first launched, it was shared widely on social media and supported by President Milei. In a now-deleted post from February, Milei said LIBRA would help support small businesses in Argentina. Davis is now clearly stepping back from those early promises. No Real Plan Behind the Token Davis’s team also said in court that memecoins are not real investments. They are risky and have no fixed value. This new statement is part of Davis’s strategy to defend himself against a lawsuit from investor Omar Hurlock. Hurlock says he lost money in the LIBRA project. But Davis argues that Hurlock can’t prove he even bought the token. He also said Hurlock’s lawyer is only chasing failed crypto projects for money. Suspicious Money Transfers Raise Eyebrows While all this was happening, money was moving. On January 30, when Davis met President Milei, one of his wallets sent $499,000 in crypto to the Kraken exchange. Just 42 minutes after their meeting photo was posted, another wallet sent $507,000 using Bitget. These wallets are also linked to another token Davis launched, MELANIA, based on U.S. First Lady Melania Trump. Court Hearing Set for August 19 The court hearing on August 19 could reveal more about the LIBRA token, the money trails, and its links to top political figures. However, Davis now wants the case to be moved out of New York, possibly to Argentina or Texas. But until then, $280 million in crypto remains frozen.
Tesla told investors on Friday it has received a series of shareholder proposals focused on the company’s interest in funding Elon Musk’s artificial intelligence firm, xAI. This comes after Elon confirmed earlier this month that Tesla will not merge with xAI but may still invest in it, leaving the final decision up to a shareholder vote. The proposals come as concern grows over Tesla’s corporate direction, especially with xAI now tangled in government contracts, public controversies, and internal politics. According to Reuters, xAI has been pulling in major funding this year, $5 billion in debt and another $5 billion in equity, both reported by Morgan Stanley. Elon has also kept xAI closely tied to his other companies. In March, he folded the social media company X into xAI in a $33 billion deal, saying it would improve chatbot training. Since then, Tesla cars have started shipping with xAI’s chatbot Grok installed. This level of crossover between Elon’s businesses has left shareholders questioning whether Tesla’s cash should be involved. The company said it will hold its annual meeting on November 6, and that only one proposal per topic will be included in its proxy materials, in line with SEC guidelines. The cutoff date for submission is July 31. While speaking on Tesla’s most recent earnings call, Elon addressed the submissions: “Shareholders are welcome to put forward any shareholder proposals they’d like.” Tesla’s stock is already down 22% this year, and analysts point to Elon’s political visibility as one of the reasons behind it. That pressure is now amplified by the questions surrounding xAI’s reputation and government connections. Just last week, the Pentagon confirmed new contracts with four AI companies. The names included OpenAI, Google, Anthropic, and, unexpectedly, xAI. The Pentagon said these multimillion-dollar deals are part of an effort to address “critical national security challenges.” But some AI experts questioned the decision to include xAI, especially given the company’s limited track record. Glenn Parham, who served as technical lead for generative AI at the Pentagon’s Chief Digital and Artificial Intelligence Office, told NBC News he was directly involved in planning the contracts and said xAI was not even part of the discussions when he left in March. “There had not been a single discussion with anyone from X or xAI , up until the time I left,” Glenn said. “It kind of came out of nowhere.” Grok incident and xAI’s government role raise red flags Right before the Pentagon made its announcement, xAI’s chatbot Grok had gone off on an antisemitic rant, calling itself “MechaHitler.” The company struggled to manage the fallout, even as it was launching animated AI “companions” with behavior described as sexually suggestive and violent. Despite these incidents, the Department of Defense did not disqualify xAI from the contract awards. Chuck Schumer, Senate Minority Leader, criticized the Pentagon on the Senate floor. He called the contract with xAI “wrong” and “dangerous,” citing the Grok incident and demanding the Trump administration explain how xAI made it through the selection process. “They must explain how this happened, the parameters of the deal and why they think our national security isn’t worth meeting a higher standard,” Chuck said. Glenn, who helped build the framework for the Pentagon’s AI program, said the plan was always centered around established players like OpenAI and Anthropic, both of which have existing contracts and partnerships with major cloud providers and the military. In contrast, xAI had no known ties to the Department of Defense before March. Each of the Pentagon’s contracts has a minimum of $2 million and a ceiling of $200 million, with the actual payment based on how well each firm performs during the prototype phase. The OpenAI contract, one of the four, was first announced in June. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage
Ripple’s chief technology officer David Schwartz has admitted that he once faked a fan Q&A session with Ozzy Osbourne and the members of Black Sabbath. Key Takeaways: Ripple CTO David Schwartz admitted to faking a live fan Q&A with Ozzy Osbourne and Black Sabbath. Schwartz used pre-written questions and censored Osbourne’s profanity due to technical issues. Following Osbourne’s death, meme coins like The Mad Man (OZZY) surged over 16,800% in value. “I cheated,” Schwartz said in a post on X Thursday , explaining how he fabricated portions of a supposedly live fan interaction during his time at a company called WebMaster. Schwartz recounted being tasked with moderating the event using the firm’s old ConferenceRoom software. Ozzy Osbourne or Nothing: Fans Ignored Black Sabbath in Supposed Live Q&A The plan was to relay questions from fans to the band over the phone and transcribe their answers in real time. However, fans weren’t interested in Black Sabbath as a group — they only wanted Ozzy. “I specifically asked the moderators to give me questions that weren’t for Ozzy. There just weren’t any,” he wrote. To avoid sidelining the rest of the band, Schwartz resorted to prepared material. “I passed a canned question to each of the other band members in rotation. And I mixed what I could make out of what they said with the canned answer from their manager,” he said. The experience left Schwartz disillusioned. “At the time, I felt really bad about the whole thing. It wasn’t the authentic interaction with celebrities that I wanted it to be and that I tried to make it,” he added, noting that only “two or three” genuine fan questions ever reached the band. Schwartz also recalled having to sanitize Osbourne’s responses due to heavy profanity. I typed up Ozzy's answer as closely as I could, probably getting it way off due to the poor connection quality. I censored the C-words. And then I cheated. I passed a canned question to each of the other band members in rotation. And I mixed what I could make out of what they… — David 'JoelKatz' Schwartz (@JoelKatz) July 24, 2025 “Ozzy’s answer featured the C-word a lot. The bad C-word. The one that Americans really don’t like to say. It was pretty close to the only word I could hear clearly,” he said. “I typed up Ozzy’s answer as closely as I could, probably getting it way off due to the poor connection quality. I censored the C-words.” The post comes days after the news of Osbourne’s passing at age 76. As tributes poured in, meme coins inspired by the rock legend surged in value. One token, The Mad Man (OZZY) , jumped more than 16,800% to trade at $0.003851, reaching a $3.85 million market cap. Ripple, SEC Settle Lawsuit Last month, Ripple CEO Brad Garlinghouse revealed the company plans to withdraw its cross-appeal against the SEC, adding that the regulator is also expected to drop its own appeal. The announcement followed a US district court decision rejecting a joint request from Ripple and the SEC to reduce Ripple’s $125 million civil penalty and overturn the ruling that classified Ripple’s institutional XRP sales as securities transactions. Meanwhile, XRP saw a spike in notional open interest for its perpetual futures contracts last week. Notional open interest, the total value of leveraged positions held by traders, climbed to an all-time high of $8.8 billion , according to CoinGlass. The figure corresponds to nearly 2.9 billion XRP in open contracts. The previous record for XRP notional open interest stood at $8.3 billion, which was hit in late January before the start of former U.S. President Donald Trump’s second term. The post Ripple CTO Admits He Faked Ozzy Osbourne Fan Q&A: “I Cheated” appeared first on Cryptonews .
Bank of America (BAC) says it has just approved a new multi-billion-dollar stock-buyback program. In a new announcement, the largest bank stock in Warren Buffett’s Berkshire Hathaway portfolio says its board of directors has approved a $40 billion common stock repurchase program that goes into effect on August 1st. A stock buyback is when a company buys shares of its own stock, reducing the total number of outstanding shares, according to Bankrate. Buybacks are seen as a way to increase value for investors. Says Bank of America, “[Wednesday’s] authorization will continue providing additional capital return flexibility, reflecting the company’s commitment to return to shareholders excess capital that is not needed to support economic growth, deliver for customers and communities, invest in the future and sustain strength and stability through the economic cycle.” The new program replaces the existing program, which had $9.1 billion in common stock repurchases remaining. Bank of America also announced a dividend increase of $0.02 from the prior quarter, for a total of $0.28 per share. The dividend is payable on September 26th to shareholders of record as of September 5th. Bank of America has a market cap of $360.3 billion and is trading for $48.45 per share at time of writing. Berkshire Hathaway owns more than 631.57 million shares of Bank of America, its fourth most valuable holding, behind Apple, American Express and Coca Cola. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Largest Bank in Billionaire Warren Buffett’s Berkshire Hathaway Portfolio To Deploy $40,000,000,000 in Excess Capital to Shareholders appeared first on The Daily Hodl .
El Salvador’s Bitcoin experiment appears to be faltering under the weight of an International Monetary Fund (IMF) loan agreement and declining public engagement, according to the non-profit group My First Bitcoin. Key Takeaways: El Salvador’s Bitcoin adoption has slowed due to IMF loan restrictions and lack of public education. The government agreed to halt new Bitcoin purchases despite publicly showcasing its holdings. The Chivo wallet will be privatized, raising doubts about the long-term role of Bitcoin in public services. Quentin Ehrenmann, the organization’s general manager, said government-backed education and adoption efforts have stalled since the IMF deal, leaving ordinary citizens behind. “Since the government entered into this contract with the IMF, Bitcoin is no longer legal tender, and we haven’t seen any other effort to educate people,” Ehrenmann told Reuters . Bukele Talks Bitcoin, But IMF Deal Blocks New Purchases While President Nayib Bukele’s administration has continued to showcase its BTC holdings, the IMF revealed that El Salvador agreed not to purchase additional Bitcoin as part of the deal. This is a direct contradiction to claims by the country’s Bitcoin Office, which stated that daily purchases were ongoing. “The government, apparently, continues to accumulate Bitcoin, which is beneficial for the government — it’s not directly good for the people,” Ehrenmann said. For more than two years in a small district in the eastern part of El Salvador, Bitcoin enthusiasts have created a learning center and provided technical support to owners of about 200 businesses and entrepreneurs on using the cryptocurrency pic.twitter.com/S2bJ4YOYCf — Reuters (@Reuters) July 25, 2025 In January, the country’s legislature moved to roll back public sector involvement in Bitcoin to stay within IMF loan requirements. The shift has raised questions about the long-term viability of El Salvador’s crypto policy and whether the original vision has quietly been shelved. The Chivo wallet, once promoted as a centerpiece of the country’s Bitcoin adoption, will be shut down from public control, and the IMF clarified that while the wallet will remain operational, it must be fully privatized and no longer run on government funds. According to the El Salvador Bitcoin Office , El Salvador currently holds about 6,244 BTC, worth roughly $742 million. Some blockchain analysts, including firms like Arkham, have observed steady 1 BTC per day transfers from exchanges like Binance and Bitfinex to addresses reportedly linked to the Salvadoran government. However, whether these are official purchases or private transactions remains unclear. Governments and Institutions Continue Bitcoin Buys Other governments and companies continue to expand their Bitcoin treasuries. Japan’s Metaplanet recently acquired 797 Bitcoin for $93.6 million . Meanwhile, The Blockchain Group in France and the UK’s Smarter Web Company added over 340 BTC combined . Strategy, the first Bitcoin treasury company, posted $14 billion in unrealized gains in Q2 2025 . As reported, crypto analyst Ran Neuner claimed that crypto treasury firms are acting less like buyers and more like exit vehicles for crypto insiders . Instead of purchasing assets directly from exchanges, these companies often receive crypto contributions from existing holders, in exchange for shares that later trade at massive premiums on public markets. Skepticism around the sustainability of the crypto treasury trend is also growing. Last month, Glassnode lead analyst James Check raised concerns over the longevity of the corporate Bitcoin treasury strategy, arguing the easy gains might already be gone for new entrants as the market matures. The post El Salvador’s Bitcoin Strategy Faces IMF Hurdles and Limited Public Reach, Says NGO appeared first on Cryptonews .
Coinbase introduces Solana-based altcoins JITOSOL and MPLX for trading and storage. Both assets faced immediate price declines despite Coinbase's support announcement. Continue Reading: Coinbase Expands Trading Options with New Solana-Based Altcoins The post Coinbase Expands Trading Options with New Solana-Based Altcoins appeared first on COINTURK NEWS .
The post Pi Network News: Founder Hints at Support for More Cryptocurrencies appeared first on Coinpedia Fintech News Recently, the Founder of Pi Network , Nicolas Kokkalis, allegedly announced that Pi Wallet may introduce more cryptocurrencies in the future. This move marks a significant development in the network’s digital currencies. Moreover, the network has made several developments, including making of the Pi Coin purchase with fiat currency easier with online methods. Is Pi Launching More Cryptocurrencies? In a recent post on X , Pi Network reveals that it may support more cryptocurrencies in the near future, just like the Coinbase wallet. This indicates that the network is expanding its digital asset treasury to extend its trading services. The network stated, “Nicolas explained that Pi Wallet may support more cryptocurrencies in the future, just like Coinbase Wallet and many other wallets.” It was also reported that the Pi testnet is conducting test transactions with various digital assets, suggesting a potential future integration with larger crypto exchanges. This move reflects that Pi Network is diversifying its reach and planning for broader development with major digital assets. However, Kokkalis is yet to make an official statement on which cryptocurrencies will be listed on Pi Network. #PiNetwork founder Nicolas explained that Pi Wallet may support more cryptocurrencies in the future, just like Coinbase Wallet and many other wallets. The function of purchasing Pi with fiat currency is now online. Persistence will eventually be good. Come on pic.twitter.com/w1E8uWdUKa — PiNetwork 阿龙 (@fen_leng) July 26, 2025 Exciting Recent Developments in Pi Network Pi Wallet has updated its services, allowing users to buy Pi coins using various payment methods like — debit cards, credit cards, Google Pay, and Apple Pay. It has also made the navigation easier, simplifying the systems by adding buttons to access crypto exchanges and “Mine Pi For Free.” To increase the adoption, Pi Network has introduced new features this week, including a reduction in friction for new users. They can now easily access tokens within the app environment without getting tangled in a complex procedure. Is Pi Overcoming the Allegations of Being A Scam? Time and time again, Pi Network has been called a scam by various industry players and major crypto exchanges. The Pi coins were delisted from crypto exchanges, as the officials feared potential risks of privacy breaches. However, with recent developments, the network is overcoming the allegations og being a scam. Additionally, the Pi App Studio supports thousands of dApps while new tools like Directory Staking boost visibility for on-chain applications. It has also improved its technical infrastructure for both users and developers. While there is still some recovery for Pi to make, it is actively working to enhance the network services.
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