Altcoin News by Thebittimes.Com

The U.S. Securities and Exchange Commission (SEC) has leveled charges against Brian Sewell, founder of the American Bitcoin Academy, over a fraud ulent crypto currency scheme . In a Feb. 2 press release, the regulator claimed Brian Sewell’s scheme had siphoned approximately $1.2 million from students keen on learning about cryptocurrency investing. SEC CHARGES FOUNDER OF AMERICAN BITCOIN ACADEMY WITH FRAUD The SEC charged Brian Sewell, founder of American Bitcoin Academy, and his firm Rockwell Capital Management with fraud for allegedly targeting students to invest in a nonexistent crypto hedge fund. Sewell reportedly… pic.twitter.com/bHGaxddzcD — Mario Nawfal’s Roundtable (@RoundtableSpace) February 3, 2024 At the heart of the case is the Rockwell Fund, a hedge fund Sewell claimed would leverage advanced technologies like AI and bespoke trading strategies with crypto assets to deliver impressive returns to its investors. According to the SEC, from early 2018 to mid-2019...

Justin Sun, the founder of the Tron blockchain, contested the UN report’s assertions on USDT, pointing out factual inconsistencies and affirming Tron’s dedication to maintaining blockchain integrity. The UN report highlighted concerns over the misuse of blockchain technology, focusing on the role of USDT in money laundering and scams, particularly in Southeast Asia. In a Jan. 19 X post, Sun acknowledged these concerns but disputed certain details related to USDT transactions on Tron’s TRC-20 protocol. He emphasized Tron’s dedication to working against blockchain misuse while also pointing out inaccuracies in the UN’s findings. As an individual serving as a diplomatic ambassador in international institutions (UN, WTO), I am deeply aware of the importance of blockchain technology for global cooperation. At the same time, education of blockchain knowledge are particularly important. #TRON and @HTX_DAO are… https://t.co/jwloiDygzY — H.E. Justin Su...

Founder of the Cosmos block chain , Jae Kwon, has announced plans to fork a new chain , called AtomOne, follow ing a governance vote that did not align with his stance.  The news come after the Cosmos community welcomed a proposal to trim the maximum inflation rate of ATOM, the network’s native token, from 14% to 10%. The proposal recently passed despite Kwon voting against it, as it clinched the required governance vote. Kwon is now pushing for a split, seeking to fork the Cosmos network to create the new chain. He addressed the Cosmos community on X (formerly Twitter), emphasizing the need for a detailed discussion on the potential split.  Now listen up Cosmonauts. Despite our voting NWV #848 has ended up passing, something that isn't too surprising (though it would be good to know whether the later votes came from newly purchased atoms) @cosmos @Allinbits_inc #raptureparty #atomone Now let's coordinate a split. — antechristus #343 (@jaekwon) November 25, 2023...

Nishad Singh, former Alameda and FTX chief developer testified to $1.3 billion of customer funds invested in building Sam Bankman-Fried’s social capital and public image.  Federal prosecutors moved to examine the final few government witnesses in United States v Sam Bankman-Fried, commonly known as SBF, on Oct. 16 following testimonies from key individuals like Caroline Ellison and Gary Wang, both of whom were part of SBF’s inner circle. The first two weeks of Bankman-Fried’s criminal trial for alleged fraud have been marked by testimony from former employees who claim that Bankman-Fried was the driving force behind the misuse of FTX customer funds and misleading investors. Witnesses have also told the court that Bankman-Fried spent millions of dollars to create a false public image and was involved in bribing Chinese officials. Defense attorneys filed a request for midday Adderall prior to trial day nine, crypto.news reported. Bankman-Fried’s lawyers argued that the FT...

In the realm of content creation, there are three pivotal elements: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness examines the diversity of sentence structures. Predictability, on the other hand, measures how foreseeable the next sentence is. Humans tend to imbue their writing with bursts of creativity, combining lengthy, complex sentences with shorter ones. In contrast, AI-generated text often maintains a more uniform style. Therefore, as you embark on crafting the following content, I encourage you to infuse it with ample perplexity and burstiness while minimizing predictability. Please confine your composition to the English language. Now, let’s reimagine the text: Charles Hoskinson has drawn a striking parallel between SBF and the infamous financial fraudster, Bernie Madoff, who orchestrated the largest Ponzi scheme in history. He also accuses the media of granting SBF a some...