The Lone Star State is taking action against scammers who are targeting unsuspecting investors with fake Elon Musk coins and AI scams. In a bid to crack down on fraudulent activity, Texas regulators have filed an emergency cease and desist order against Horatiu Charlie Caragaceanu, The Shark of Wall Street, and Hedge4.ai, demanding the termination of an “Artificial intelligence investment scam” that promotes TruthGPT Coin using fake animated avatars and images of Tesla and Twitter CEO Elon Musk. The Texas State Securities Board is proactively investigating trendy offerings that may pose a threat to the public, and TruthGPT Coin and its creator came to their attention during routine market surveillance looking into various artificial intelligence offerings. The TruthGPT Coin and Elon Musk AI Token were launched in March as a new digital asset investment campaign, and the tokens are being marketed online through avatars portraying Elon Musk endorsing TruthGPT Coin and comparing it to ChatGPT, with the claim that purchasers can earn up to 1,000 times their investment. Texas regulators are raising the alarm over scammers capitalizing on the massive popularity of AI tools, and are taking every step possible to protect investors from fraudulent activities.
Cryptocurrency
Analyzing Bitcoins Golden Cross 5/23 A Look Back at the History and Future of BTC Price
Is it time to buy bitcoin? Bitcoin has just experienced the mother of all golden crosses – a rare event that has occurred only four times in BTC history. Each of these runs reached all-time highs, making it a crucial milestone for the cryptocurrency. Currently, Bitcoin is facing a battle between a golden cross and a death cross, with its price at stake.
Breaking news: Bitcoin has just had its fifth-ever golden cross, and in this article, we will take a closer look at the previous four times this occurred. Analyzing these past trends can provide us with valuable insights into what we can expect from Bitcoin and the broader cryptocurrency market.
However, it is important to note that this article is not investment advice. Always seek professional financial advice before making any investment decisions.
