Crypto Portal

2023-12-03 20:01:50 What are ChatGPT’s odds for Cardano hitting $20 in 2024?

Cardano—a PoS warrior
After Ethereum [ETH] co-founder Charles Hoskinson left the project due to disagreements, he teamed up with another wizard who used to work at Ethereum, Jeremy Wood.

A long series of updates
In the beginning, the Byron Era laid the groundwork for Cardano. It established the mainnet and introduced other foundational tools. A federated network, dominated by Input Output Global and Emurgo, marked the inception.

Is ADA a security?
Since its launch in 2017, ADA has emerged as the eighth-largest cryptocurrency. At press time, its market cap stood at $13 billion. Its price has risen more than 50% since the recent crypto rally began in mid-October.

What’s this buzz around ChatGPT?
Besides DeFi and crypto, another major development that has grabbed public attention is ChatGPT. It is an OpenAI-developed large-scale artificial intelligence (AI) language model trained on an enormous amount of data. Open / Comment

2023-11-30 12:01:20 Lido Finance: Did these whale movements affect LDO?

Lido exchange flow remains negative
AMBCrypto’s analysis of two critical metrics measuring the exchange flow of Lido Finance showed that there has been no significant impact of the whale’s movements.

LDO’s bull trend weakens
Examining the daily timeframe chart of LDO revealed a less-than-favorable trend. Specifically, there was a series of consecutive downtrends over the past few days. Open / Comment

2023-11-27 18:00:38 Bitcoin: As Open Interest rises, this cohort takes note

CME Open Interest hits new peak
Barring intermittent retracements, the Bitcoin market has been largely upbeat about the short to medium-term prospects. The derivatives market saw significant capital inflows over the last month.

Whales bullish on BTC?
Whale activity served as another key indicator of Bitcoin’s optimism. AMBCrypto noticed positive values of Hyblock Capital’s Whale vs. Retail Delta indicator. This suggested that whales were opening more longs when compared to retail investors. Open / Comment

2023-11-21 17:00:27 Russia urges return to wholesale digital ruble model, more inside

The proposal was initially considered in a consultation report in October 2020 (Model A). It was abandoned in April 2021 in favor of a retail model. The deputies argue that the return to a wholesale digital ruble experiment is crucial.

The recommendation to reintroduce the wholesale digital ruble experiment is part of the State Duma committee’s suggestions on the Central Bank’s report regarding a unified monetary policy for 2024-2026.

Model A suggested for flexibility and adaptability
The deputies argue that a timely turn to a wholesale digital currency model would position Russia favorably. This is as long as such projects globally remain in the experimental phase.

This analysis should cover cross-border payments and potential plans for piloting such models. There should also be an assessment of the potential impact on monetary policy transmission mechanisms, financial stability, and price stability.

The European Central Bank and the Bank of Japan already collaborated on cross-border payments in wholesale central bank digital currencies in 2017. Open / Comment

2023-11-18 18:00:27 Binance expands horizons, sets sights on Thailand

Gulf Binance’s digital asset platform will provide digital asset exchange and digital asset broker services for both cryptocurrencies and digital tokens, prioritizing security and compliance with SEC regulations.

Global expansion amid regulatory challenges
Binance has been battling regulatory challenges around the globe since the dramatic collapse of various crypto firms in 2022. The U.S. SEC filed 13 charges against Binance, its various affiliates and founder Changpeng “CZ” Zhao with a plethora of law violations.

Moreover, the world’s largest crypto exchange has been pulling out of various European countries in anticipation of the European Union’s new Markets in Crypto Assets regulation dropping in next year.

CZ has hailed the clear rules brought in by MiCA. However, regulatory pressure has already forced the exchange to flee many European jurisdictions, including the Netherlands, Cyprus, and Germany. Open / Comment

2023-11-17 18:03:23 Grow: The First Real Passive Income Project In Defi

Earn 25% APR in any stable coin of choice.

Issues With Other Projects!

Problems With Staking Projects: Regular staking projects don’t have a way to payout investors with actual money but instead with their own tokens.

GROW Protocol solution!

GROW Solution: With our private companies and professional traders, we are able to pay out a stable 25% APR in any stable coin. This will keep the price of GROW steady since you will need to hold at least 500 GROW to be able to stake your stables.

Read more: https://var.gitbook.io/grow/
Website: https://www.growprotocol.net
Telegram: https://t.me/RealGrowProtocol
Twitter: https://twitter.com/Grow_Protocol Open / Comment

2023-11-15 18:01:32 Blockchain Association opposes proposed IRS tax rules

Fundamental misunderstandings about the nature of digital assets and decentralized technology.

Concerns on Decentralized technology and privacy rights cited
Kristin Smith, the CEO of the Blockchain Association, emphasized the need for the Treasury Department to take additional time to comprehend the potential damage and impracticality of the expanded broker definition on developers of decentralized technology in the U.S.

Not only that, but Treasury’s proposal constitutes an infringement on the privacy rights of individuals using decentralized technology. Open / Comment

2023-11-12 17:00:28 ChatGPT’s response to if ADA can touch a new high in 2023 is…

Cardano’s genesis and evolution over years
In its evolutionary saga, Cardano presented a unique approach, categorized into five distinctive eras.

ADA: Cardano’s powerhouse token
At the heart of Cardano lies ADA, the native token driving the network’s functionalities. ADA isn’t only a digital currency; it’s a testament to secure value exchange, eliminating the need for intermediaries. Every ADA holder becomes a stakeholder, contributing to Cardano’s ecosystem in multifaceted ways.

Looking ahead
ADA’s genesis can be traced back to the intriguing story of Ada Lovelace, a 19th-century mathematician recognized as the first computer programmer. Ada Lovelace’s legacy intertwines with Cardano’s ethos, symbolizing the marriage of historical significance and cutting-edge blockchain technology. Open / Comment

2023-11-09 16:01:57 Toncoin trades at its highest since 2022 – What prompted the surge?

A TON-around imminent?
An assessment of TON’s price movements in a daily chart revealed that the increased trading activity in the past two days pushed the token’s key momentum indicators to overbought highs.

Typically, a widening gap between the upper and lower bands suggests that price movements are experiencing significant volatility. Traders often interpret this to mean that the market is becoming increasingly unpredictable. There is also a potential for large price swings. Open / Comment

2023-11-08 19:05:20 Not a week goes by without interesting news about the Sundae project.

After a post by one of the founders of the Odyssey project regarding Bitget exchange opening Sundae deposits was published, Elon Musk made a post on his X network:

"Ice cream is one of the great joys of life."

It's hard not to agree with Elon. In just two months, the Sundae token's value has increased from $0.25 to $4, making its many followers 16 times richer.

We'd like to remind you – this is at least the third mention by Musk of some "ice cream." The first mention miraculously coincided with the listing on MEXC.

So, what is Sundae? What's the secret behind the rapid token's value growth during such a depressive period of bear market rally?

The secret of this growth partly lies in rumors that Sundae senators have established an accumulation fund where about 30% of the token's sales profit goes.

The fund plans to invest in various sources of income, such as trust funds, media, online schools, IT companies, digital agencies, and even immortal canvases by world-famous authors.

The project has all chances to become revolutionary, as evidenced by its listing on major exchanges like MEXC and Bitget, the participation of bloggers with a million-strong audience and funds that previously invested in the current market "monsters."

One of the Odyssey co-founders explains: "Sundae means 'ice cream dessert.' Yesterday, the token cost only $0.25, less than ice cream. Today it's already $4, and tomorrow it could be worth thousands. Can you buy your secure future at the price of an ice cream? A foolish question, of course, you can!" Open / Comment