Beware of Bing AI chat and ChatGPT pump-and-dump tokens — Watch The Market Report live

cointelegraph.com:

This week on The Market Report, the resident experts at Cointelegraph discuss dozens of pump-and-dump tokens purporting to be related to ChatGPT and Bing AI chat.

We will be doing things a little differently this week since our handsome and charming host, Joe Hall, will be somewhere over the Atlantic during the livestream and will not be able to join us. Not to worry, though, as our resident experts Marcel Pechman and Sam Bourgi are here, as always, to break down the latest news in the markets.

Bitcoin bulls ignore recent regulatory FUD by aiming to flip $25K to support

The New York State Department of Financial Services ordered Paxos to “cease minting” the Paxos-issued Binance USD (BUSD) dollar-pegged stablecoin. On Feb. 16, a bank account controlled by Binance.US moved over $400 million to the trading firm Merit Peak, which is supposedly an independent entity also controlled by Binance CEO Changpeng Zhao. This and other bad news in the crypto market have not seemed to deter Bitcoin (BTC) from gaining 15% since Feb. 13. In fact, both retail and pro traders are showing signs of confidence. We explain why that is the case and why the odds favor a continuation of the current rally.

BingChatGPT ‘pump-and-dump’ tokens emerging by the dozen: PeckShield

Blockchain security firm PeckShield has raised the alarm after finding dozens of tokens purporting to be related to artificial intelligence (AI) powered chatbot ChatGPT. Some of these tokens have already lost most of their value, if not all, in what is often referred to as a “pump-and-dump” scheme or a “rug pull.” A pump-and-dump scheme typically involves the creators orchestrating a campaign of misleading statements and hype to persuade investors into purchasing tokens, then