Crypto News: AI-Using Crypto Firms Accused Of Fraud; Big Eyes Coin Close To Launch And Shiba Inu Payment Adoption Skyrockets With Binance Pay

Crypto scams are as old as time, but now they've entered the AI age!

Several cryptocurrency firms claiming to offer AI-assisted crypto trading services have been accused of fraud by a California financial regulator, with two of those companies being accused of utilising actors and AI to pose as CEOs.

In other news, get ready to bat those Big Eyes because Big Eyes Coin (BIG) is about to launch! And it looks like Shiba Inu (SHIB) payment adoption is barking up the right tree with Binance Pay.

Californian Regulator: Crypto Firms Used AI And Actors To Fabricate Executives

Crypto firms in California are accused of using Hollywood-level tactics to deceive investors. The California Department of Financial Protection and Innovation (DFPI) has filed complaints against two firms for allegedly creating fake executives using AI and actors.

The firms are accused of violating securities laws and misleading investors about the safety and legitimacy of their investments. The DFPI has taken action to protect investors and prevent further harm to the financial system by filing an administrative action seeking to bar the firms and their principals from engaging in securities transactions in the state.

This incident highlights the need for greater regulation and oversight of the cryptocurrency industry to prevent such fraud and ensure investor protection.

Big Eyes Coin Continues To Build Momentum

Big Eyes Coin (BIG) has raised more than $34 million in its presale, which has attracted early investors anticipating significant returns. Currently, BIG is priced at $0.00053 during the presale, but it is expected to increase to $0.0006 at launch. The presale ends on June 3rd, and buyers can use the code END300 at checkout to receive a 300% bonus.

Investors are drawn to Big Eyes Coin due to its user-friendly and community-driven ecosystem, which is intended to promote significant growth within the community. The project will feature NFT drops, providing joy and meme-inspired fun to the community, while also holding value and providing access to exclusive events and content.

With an impressive $34 million raised during the presale, Big Eyes Coin is demonstrating significant potential, and the crypto community has shown its support for the project.

Binance Pay Aids Shiba Inu's Development As A Payment Option

Shiba Inu, the cryptocurrency with a canine theme, has experienced a surge in mainstream adoption, taking the crypto world by storm. The use of SHIB as a payment method has been boosted by its endorsement by several payment gateways.

In November 2022, Binance Pay, a leading cryptocurrency payment service powered by Binance, started supporting Shiba Inu, making it easier for SHIB to be accepted as a payment method. This partnership was a major catalyst for SHIB's acceptance as a payment option.

As a result of Binance Pay's partnership, SHIB has become a widely accepted payment method in many countries across the world. Over 200 merchants powered by Coingate, a top Bahrain real estate developer, Ingenico, and more than 600 vendors in Georgia, including Radisson Hotels and Wendy's, have all embraced Shiba Inu payments.

With the increasing acceptance of Shiba Inu as a payment method by top companies and payment gateways, it is poised to reach a wider audience and make a significant impact on the world of cryptocurrency. Meanwhile, Big Eyes Coin continues to gain momentum, with over $34 million raised during the presale, making it an attractive investment option for early investors.

For more on Big Eyes Coin (BIG), click on the following links:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL