Features Crypto News by Thebittimes.Com

The face behind an alleged $650,000 UK crypto scam that was documented in detail by ZachXBT today has been revealed by a user on X (formerly Twitter). X user Padrino revealed a photo of the alleged scammer while asking if they’re “Ready to go to prison?” They posted screenshots of the individual while they appeared on a webcam. ZachXBT has confirmed that the individual is indeed the alleged scammer, telling Protos that footage of the individual was recorded during a video call. Footage from ZachXBT of the alleged scammer in a video call. Audio from the call was shared here in ZachXBT’s thread. The crypto sleuth claimed the man stole crypto from over 250 individuals by promising a paid trading service that was promoted with screenshots of fake, lucrative trades. Victims were coaxed into sending $250-$500 first, then, after being told their profits had skyrocketed, the victims were pressured into sending another $20,000 to claim their supposedly locked funds. It is suspected ...

A former Coinbase employee has been accused of stealing code and using ChatGPT to illegally change the licensing of another open-source AI coding firm to create PearAI. Matthew Duke Pan, known as “Frying Pan,” claims to have made $270,000 a year working for the crypto exchange before quitting to make PearAI. Last Friday Pan announced the AI firm had secured $500,000 in funding from the startup accelerator program YCombinator (YC). However, after Pan promoted PearAI at the YC event on X (formerly Twitter), users criticized the firm for “stealing” the code of fellow open-source AI code editor Continue.dev and passing it off as its own. I just quit my 270 000$ job at Coinbase to join the first YCombinator fall batch with my cofounder @not_nang. We're building PearAI, an open source AI code editor. Think a better Copilot, or open source Cursor. But you've heard this spiel already… ️ pic.twitter.com/nYeycRKRHm — FRYING PAN (@CodeFryingPan) September 29, 2...

Compiled by: WuBlockchain This audio Features Jason Kam, founder of Folius Ventures, participating in a Twitter space hosted by RootData. WuBlockchain has been authorized to repost the content. The audio transcription was completed by GPT and may contain errors. Jason mentioned that he has hardly made any investments in the past few months due to a pessimistic outlook on the cycle. Previously, if one invested in an early-stage project with a valuation below $50 million, securing a 10% stake, and the project successfully listed on an exchange, it could yield significant returns, even without a product. As long as the project garnered attention and maneuvered its way onto Binance, it could achieve excellent paper profits. However, as this strategy became widely recognized, many “set-up” projects emerged. The industry is now facing an oversupply of projects without the ability to generate organic value, combined with a lack of secondary market buying, leading to the current situation. Pl...

Bitcoin has surged to $65,747 at press time, reaching a two-month high and lifting the broader altcoin market along with it. With this momentum, many market participants are now eyeing the $70,000 level as the next target for Bitcoin. As a result, the altcoin market has seen widespread gains, with many tokens showing positive trends on their price charts.  Investors are now looking for cryptocurrencies with strong growth potential, seeking to capitalize on these market shifts. This Analysis will focus on identifying the best cryptocurrencies to invest in right now that could offer solid investment opportunities based on current trends and market behavior. Best Cryptocurrencies to Invest in Right Now XRP is currently priced at $0.6274, reflecting a 2.29% rise in the last 24 hours and a 6.12% increase over the past week. These upward movements have prompted some analysts to adopt a more optimistic outlook for the token. Meanwhile, VeChain’s mainnet has seen a significant u...

The Crypto Fear & Greed Index recently climbed to 57, signaling a shift from neutral sentiment to greed among investors. This suggests growing confidence in the market, which can affect buying decisions. Rising market capitalization and trading volumes of tokens further indicate increased optimism about potential returns. Given this shift in sentiment, many investors are now seeking tokens with strong growth potential. This Analysis will focus on identifying the top crypto to invest in right now with significant future growth opportunities. It aims to provide insight into tokens that could be worth considering based on current market trends. Top Crypto to Invest in Right Now  Litecoin has held key support levels, indicating stability and confidence in the market. The Mega Dice token is gaining traction as its exchange listing approaches in under two days. Also, Oasis recently entered a strategic partnership with ChainGPT to assist blockchain initiatives focused on the con...

With the token’s continued stagnation, the market is awaiting whether or not Ripple still has a chance to reach $1 at some point this year. Such an increase would require the crypto to increase by nearly 70%. Although that feat is certainly expensive, would it be insurmountable? The greatest benefit Ripple has currently is the positive sentiment it’s embracing. The network is set to release its very own RLUSD stablecoin. With that asset class surging, and Ripple’s already thorough cross-border payment proficiency, it could form the perfect storm for its native token. Also Read: Weekend Price Prediction For Dogecoin (Doge) & Ripple (XRP)- Sept 29, 2024 Can Ripple Still Hit $1? XRP Looks to Cimb 70% To Hit the Mark Entering 2024, Ripple was a crypto that had immense potential. The asset had faced a difficult time increasing in value amid its ongoing legal battle with the US Securities and Exchange Commission (SEC). Yet, the anticipation of the end of that court case led ...

Disgraced Binance billionaire Changpeng Zhao (CZ) could be leaving prison two days earlier than expected due to a federal rule that allows for an early exit if a prisoner’s release date falls on the weekend. CZ is scheduled to be released from the RRM Long Beach halfway house in California on September 29 according to his inmate tracker. However, a release rule under the US Code Title 18, Crimes and Criminal Procedure § 3624, states, “If the date for a prisoner’s release falls on a Saturday, a Sunday, or a legal holiday at the place of confinement, the prisoner may be released by the Bureau on the last preceding weekday.” Because it states he “may” be released early, the widely reported Friday release date is not set in stone. Users online also thought he was free when he was moved last month. New CZ lawsuit will ‘put blockchain analytics on trial,’ says lawyer Read more: The rise and fall of Binance’s CZ Zhao pleaded guilty last year for failing to “maintain an effective...