Altcoin News Daily Official TheBitTimes.com

Electric Capital Co-Founder Avichal Garg warned the crypto community about a new method fraudsters are using to steal money from investors. Scammers have started pretending to be venture capital firms in a bid to lure crypto startups to believe they’re talking to legit investors. Unfortunately, scammers are pretending to be @ElectricCapital, setting up meetings, and asking people to send them money before investing . Electric Capital will *never* ask you to send money before receiving an investment. We will never reach out cold via Telegram. We almost… — Avichal – Electric ϟ Capital (@avichal) November 27, 2023 In an X post on Nov. 28, 2023 Electric Capital Co-Founder Avichal Garg said fraudsters are now setting up meetings, and “asking people to send them money before investing .” The Electric Capital head emphasized that the Palo Alto-headquartered firm “will never ask you to send money before receiving an investment.” “We w...

Bitcoin Maxis downplays other cryptos Attempting to describe how these Bitcoin ers parade the leading cryptocurrency, Marcus cited a statement where a BTC maxi was promoting the token and inviting others to join what he referred to as a “mentally ill group of insecure losers.” advertisement Bitcoin maxis or maximalists are pro-BTC enthusiasts who believe that the token is superior to any other asset in the highly diversified crypto ecosystem.  They move about with a better-than-thou attitude towards other tokens, referring to them as ‘s-coins’. A clear example is Max Keiser who once asked the United States Securities and Exchange Commission (SEC) to suspend the activities of major crypto exchanges which he tagged as casinos.  In addition, Keiser categorized all altcoins as securities just as the SEC Chair Gary Gensler has always done. Just before Judge Analisa Torres ruled that XRP is not security back in July, the BTC support...

Shin currently faces multiple fraud charges, specifically concerning allegedly hiding risks associated with investing in the in-house tokens by Terraform Labs. A local court in South Korea denied the prosecutor’s request to issue an arrest warrant for Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin. This was the second attempt made by South Korean authorities to reign in Shin following the recent arrest of Do Kwon — Terra’s other co-founder. On March 23, Kwon was arrested at Podgorica airport in Montenegro while attempting to use fake documents to fly abroad. The Seoul Southern District Prosecutors Office took advantage of this situation and, on March 27, requested an arrest warrant for Shin, citing his involvement in cashing in illicit profits from Terra (LUNA) and TerraUSD (UST) sales. However, the Seoul Southern District Court denied the request while citing unconfirmed allegations and the unlikeliness of Shin being a flight risk or destroying evidence, acco...