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The RugMom Thinks It’s Nice That You Do That Computer Money Stuff
GREAT FALLS — On a recent call with your mother, the subject of what you do for a living inevitably came up. You went on to explain, for the seventh time this month, how you now audit smart contracts for flaws and vulnerabilities, earning a combination of fiat and ETH on a biweekly basis. Your mom replied, “I don’t know what any of that means, but it’s really nice how you do that computer money stuff.” Early attempts to explain your vocation to your mother go back to early 2021 when you were ...
The RugTwitter Rebrands to “X” Commemorating Drop to 10th Best Social Media Platform
SAN FRANCISCO — In a celebratory move, Twitter CEO Elon Musk changed the name of the platform to “X” commemorating its spot on a list of social media platforms. According to HootSuite, it now ranks 10th behind powerhouses such as Truth Social and Holla. Before the new list was announced Musk was planning to rebrand his social media company as “X AE, v. non-child.” Employees breathed a sigh of relief. “Pretty sure we would have immediately lost all of our users if he named us that,” said Chief...
The RugVitalik Suspected of Extraterrestrial Origins
EARTH — Conspiracy theorists have taken to Reddit this week in a wild and unfounded notion that Ethereum founder Vitalik Buterin is from a recently discovered planet located between Venus and Mercury. Redditors are calling the planet “Cryptomar.” The contention that the blockchain guru is from another planetary body is loosely based on conjecture that he “looks like an alien” and the fact that he put Earth as his location in his twitter bio.Vitalik lists twitter location as "Earth".Despite al...
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The RugMom Thinks It’s Nice That You Do That Computer Money Stuff
GREAT FALLS — On a recent call with your mother, the subject of what you do for a living inevitably came up. You went on to explain, for the seventh time this month, how you now audit smart contracts for flaws and vulnerabilities, earning a combination of fiat and ETH on a biweekly basis. Your mom replied, “I don’t know what any of that means, but it’s really nice how you do that computer money stuff.” Early attempts to explain your vocation to your mother go back to early 2021 when you were ...
The RugTwitter Rebrands to “X” Commemorating Drop to 10th Best Social Media Platform
SAN FRANCISCO — In a celebratory move, Twitter CEO Elon Musk changed the name of the platform to “X” commemorating its spot on a list of social media platforms. According to HootSuite, it now ranks 10th behind powerhouses such as Truth Social and Holla. Before the new list was announced Musk was planning to rebrand his social media company as “X AE, v. non-child.” Employees breathed a sigh of relief. “Pretty sure we would have immediately lost all of our users if he named us that,” said Chief...
The RugVitalik Suspected of Extraterrestrial Origins
EARTH — Conspiracy theorists have taken to Reddit this week in a wild and unfounded notion that Ethereum founder Vitalik Buterin is from a recently discovered planet located between Venus and Mercury. Redditors are calling the planet “Cryptomar.” The contention that the blockchain guru is from another planetary body is loosely based on conjecture that he “looks like an alien” and the fact that he put Earth as his location in his twitter bio.Vitalik lists twitter location as "Earth".Despite al...
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WASHINGTON, D.C. — In a surprise turn of events, crypto exchange Binance has announced that it will be acquiring the US Securities and Exchange Commission (SEC). This comes shortly after and in reaction to the SEC announcing that it would be suing Binance.
"We are dropping all charges against Binance and Coinbase," said SEC Chairman Gary Gensler in a TikTok video this morning. "I see now that these exchanges are well-meaning and pushing forward innovation in our country. There are many reasons to allow them to grow and flourish. About 200 million reasons," Gensler said, winking.
"We figured, why not?" said CZ, CEO of Binance. "It's much easier than figuring out what the US stance on crypto will be from one day to the next. Now, we can just write those rules ourselves."
Some question the legality of a non-US entity coming in and buying US regulators. "It sets a bad precedent," said Judge Jeanette Williams. "What if more foreign companies come and decide to do this? We need to make sure that our regulators remain available to be bought by our own US companies."
BNB is up 13% on the news.
For more mostly credible web3 news, follow @therugnews on Twitter and subscribe to our newsletter.
WASHINGTON, D.C. — In a surprise turn of events, crypto exchange Binance has announced that it will be acquiring the US Securities and Exchange Commission (SEC). This comes shortly after and in reaction to the SEC announcing that it would be suing Binance.
"We are dropping all charges against Binance and Coinbase," said SEC Chairman Gary Gensler in a TikTok video this morning. "I see now that these exchanges are well-meaning and pushing forward innovation in our country. There are many reasons to allow them to grow and flourish. About 200 million reasons," Gensler said, winking.
"We figured, why not?" said CZ, CEO of Binance. "It's much easier than figuring out what the US stance on crypto will be from one day to the next. Now, we can just write those rules ourselves."
Some question the legality of a non-US entity coming in and buying US regulators. "It sets a bad precedent," said Judge Jeanette Williams. "What if more foreign companies come and decide to do this? We need to make sure that our regulators remain available to be bought by our own US companies."
BNB is up 13% on the news.
For more mostly credible web3 news, follow @therugnews on Twitter and subscribe to our newsletter.
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