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How to use ChatGPT to predict crypto market trends
Harnessing ChatGPT for Crypto Market Analysis Cryptocurrency markets are known for their volatility, often characterized by rapid price surges or drops influenced by diverse factors such as investor sentiment, regulatory developments, and unforeseen events like exchange hacks. To stay ahead in this unpredictable landscape, traders need reliable methodologies for data analysis, and ChatGPT can play…
Continue ReadingTokenized US gold could ultimately benefit Bitcoin: NYDIG
A recent discourse has emerged regarding the potential of utilizing blockchain technology to tokenize and track the U.S. gold reserves, a concept proposed by prominent figures, including Elon Musk and officials from the Trump administration. Greg Cipolaro, the global head of research at New York Digital Investment Group (NYDIG), emphasized that while such an initiative…
Continue ReadingHere Are the Top DeFi Projects by Development (Santiment)
The decentralized finance (DeFi) sector, amidst a broader crypto market downturn, continues to show significant development activity, showcasing resilience and innovation. A recent analysis by Santiment, an on-chain intelligence platform, highlights the top ten DeFi projects that have made notable strides in the last 30 days. Among these, Chainlink (LINK), a decentralized blockchain oracle network,…
Continue ReadingBitcoin bottom forming as Fed eases, Trump softens on tariffs: Analyst
Bitcoin’s Market Trends and Interplay with Economic Indicators Recent fluctuations in the cryptocurrency market have captured the attention of analysts, particularly as Bitcoin approaches a pivotal moment. Commenting on current developments, Markus Thielen, founder of 10x Research, suggests that Bitcoin may be poised for a significant rebound toward the psychologically important $90,000 mark. This optimism…
Continue ReadingUS to return $7M to victims of ‘spoofed’ crypto investment websites
US authorities are currently focused on returning $7 million to the victims of a sophisticated social engineering scam that duped individuals into sending funds to fraudulent cryptocurrency investment platforms. The scheme was characterized by fraudsters establishing trust with victims before directing them to counterfeit websites that presented themselves as legitimate investment opportunities. According to a…
Continue ReadingFidelity files for Ethereum-based US Treasury fund ‘OnChain’
Fidelity Investments has taken a significant step into the blockchain arena by filing to register a tokenized version of its US dollar money market fund on Ethereum, a development that positions the firm alongside major players like BlackRock and Franklin Templeton in the growing sector of asset tokenization. The announcement, made on March 21, 2023,…
Continue ReadingFunds Diverted to Crypto Trades, Luxury Splurges
Carl Erik Rinsch, known for directing “47 Ronin,” has found himself embroiled in a significant legal scandal after being arrested on March 18 in West Hollywood, California. The charges against him include wire fraud and money laundering, stemming from allegations that he misappropriated $11 million from a popular streaming service intended for his science fiction…
Continue ReadingHow Accurate Is Polymarket? Research Shows a 90% Success Rate
New research has shed light on the impressive accuracy of Polymarket, a blockchain-based prediction platform. Conducted by New York data scientist Alex McCullough, the findings reveal that Polymarket boasts an accuracy rate of at least 90%. McCullough’s analysis is available through a detailed dashboard on Dune, tracking the platform’s accuracy over various time frames leading…
Continue ReadingBitcoin mining hashprice stays flat despite higher difficulty: Report
The Bitcoin mining landscape has entered a phase of uncertainty, as the hashprice—the daily revenue miners earn per unit of hashing power—has stabilized at approximately $48 per petahash per second (PH/s). This comes amidst a slight 1.4% increase in Bitcoin’s mining difficulty, which has now reached 113.76 trillion at block 889,081, as reported by data…
Continue Reading20% Increase in IoT Hotspots
Helium’s market landscape experienced significant changes in the fourth quarter, with the HNT token witnessing a 20% decline in its circulating market capitalization, dipping from $1.3 billion to $1.0 billion. The price of HNT reflected this downturn, falling by 22% from $7.54 to $5.88. Despite the setbacks in the token’s value, Helium’s network showcased resilience…
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