Altcoin News by Thebittimes.Com

A former TikTok influencer and crypto investor has pleaded guilty to wire fraud, aggravated identity theft, and money laundering, after using $1.2 million in illegally obtained COVID-19 relief loans to launder funds using crypto. He later gave away some of the illicit profits to his girlfriend. According to the US Attorney’s Office of Maryland, 31-year-old Denish Sahadevan — known as Danny Devan on TikTok — pleaded guilty in a federal court on Wednesday. The social media personality from Rockville, Maryland was known for offering investment advice on digital currencies and stocks via social media. Sahadevan also featured in a Business Insider article in which he shared his predictions and strategies for trading crypto in 2022.  However, two years earlier, he was creating fake tax forms and bank statements and applying for COVID-19 relief loans for his own financial gain . Sahadevan bought a mansion and crypto As per his plea agreement, Sahadevan used fake documents to...

Some users in the crypto Twitter space are already reporting a reduction in the number of scam bots after Elon Musk’s latest changes to the social media platform. Elon Musk's latest salvo in his war against crypto spam bots on Twitter appears to have made some real impact, with the crypto community reporting a vast reduction in the number of responses on their posts from bots.  In a Dec. 11 post, the Twitter CEO hinted that “bots are in for a surprise tomorrow” and later explained that they've found a small number of people behind a large number of bot/troll accounts and that the platform will be shutting down IP addresses of “known bad actors.” The bots are in for a surprise tomorrow — Elon Musk (@elonmusk) December 11, 2022 He then followed up by explaining that while scammers might try other methods to circumvent the IP address block, Twitter will also be “Shutting them down as soon as they show up.” Shibetoshi Nakamoto, the pseudonym of Billy Markus, co-creator of meme...

Exorde uses a decentralized and open-source protocol to collect data everywhere worldwide. Their unique use-case for decentralization guarantees that data is neutral and transparent, ensuring that barriers raise by those who want to halt the flow of information, such as proxies or separate internets (China, Russia, etc), are bypass. Exorde aims to extract and sell reputation scores for brands, cryptos, and stocks based on what people are saying on social media. How does it work? The protocol receives input URLs of public information such as social network posts, press articles, photos, and videos. These URLs are then processed in a decentralized data pipeline that gives output graphs linking all similar data and facts. EXD is the utility token of the Exorde protocol. All contributors can earn reputation and EXD, the cryptocurrency of the Exorde protocol. Exorde’s need for fast transaction speeds and low latency makes SKALE the perfect solution to build on. “SKALE is perfect for a...