Global CRYPTO News

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2023-05-12 12:45:27 Global CRYPTO News pinned «​​Trader expects parabolic watch rally in two months A Credible analyst is confident that the recent decline in the price of bitcoin (BTC) is setting the stage for a parabolic rise in the main cryptocurrency. According to the expert, the price of BTC may…» Open / Comment

2023-05-11 15:34:45 ​​Investors began to actively buy the TURBO meme-cryptocurrency

Over the past few days, crypto enthusiasts and traders have been actively discussing the new meme-cryptocurrency TURBO. Its phenomenon lies in the fact that it was developed using ChatGPT. Industry whales have also shown interest in this digital asset and have made significant investments in the project.

For example, a user of BTC12 Capital (leishen.eth) spent 600 ETH (about $1.14 million) to purchase 645 million TURBOs at a price of $0.001773, as of May 6 and 7, 2023. In addition, RookieXBT allocated 48 ETH ($71K) to buy 61M TURBOs at an average cost of $0.00146 as of May 9th.

As early as April 23, 2023, the developer of the Turbo project stated that he “gave the GPT-4 chatbot a budget of $69 and asked him to make the ‘next great meme coin’.” The creator of the cryptocurrency admitted that he would follow all the instructions given to him by the neural network. He also planned to document the entire process.

The technology behind TURBO is what sets this project apart from others. The ChatGPT artificial intelligence language model was used to develop almost every aspect of the meme token, including tokenomics, white paper, roadmap, and concept. The creator claims that the project is driven by the community.

The fact that the cryptocurrency is developed using ChatGPT adds a layer of trust.

The fact is that the AI-based language model is not interested in obtaining any benefit or fraud. In addition, the absence of a central authority means that the future development of the project is entirely in the hands of the community. This makes it a potentially more attractive investment.

According to Dextools, this cryptocurrency was trading at $0.00115. The market capitalization of TURBO was fixed at $79.62 million. In total, 16.39 thousand holders owned the token. Open / Comment

2023-05-11 14:54:24 ​​Trader expects parabolic watch rally in two months

A Credible analyst is confident that the recent decline in the price of bitcoin (BTC) is setting the stage for a parabolic rise in the main cryptocurrency.

According to the expert, the price of BTC may correct up to $25,000, but this only delays, but does not cancel a powerful upward rally.

The biggest consolidations, the slowest upward moves occur at the bottom of these parabolas. It is unlikely that we will notice them if we start moving to $30,000, $40,000 or $50,000. Everything will happen quickly and aggressively. Many will be taken by surprise.

Credible expects bitcoin to consolidate in a tight trading range for another two months before the price explodes to new all-time highs.

Now we have May. By July, two months at the most, we should be back up again… This should take us to $40,000. Again, don't expect deep consolidation during this period.

By the time we reach $40,000 or $50,000… nothing will stop us from hitting new all-time highs. In my opinion, this situation will last until 2024.

Today, the price of bitcoin exceeded $28,000 and rose to $28,200. Open / Comment

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2023-05-04 13:54:02 These mistakes can cost you money
⠀
People often make the same mistakes, causing them to lose their savings. We've compiled a few common mistakes that can damage your deposit and morale.

Unconscious decision making.
Don't follow the strategies of other investors, but make your own plan to understand every action you take.

Remember that even plans can contain mistakes. Be willing to change strategies and adapt to market conditions.

Improper diversification.
Investors who put everything on one card often lose. But many still "put their eggs in one basket" and often suffer losses

Keeping assets only in cryptocurrency.
Keep your money in both crypto and fiat currencies. Also, delight yourself with nice little things from your crypto income (if you have one of course). This will keep you motivated and looking for new smart ideas.

Blind faith in projects.
You shouldn't believe everything the media says about projects. Conduct DYOR and take responsibility only for yourself.

The key to working on mistakes is to listen to your own opinions and know what risks you are willing to take. Open / Comment

2023-05-04 13:52:53 ​​Gemini looks to mediation in hope of swift resolution to Earn debacle

Gemini, the crypto exchange business run by the Winklevoss twins, is hoping mediation will produce a swift resolution to negotiations with Digital Currency Group about returning funds to customers. April 28, Gemini said that DCG, DCG’s bankrupt lending arm Genesis Global, the Unsecured Creditors Committee (UCC), the Creditor Committee and Gemini itself had “agreed to start a 30-day mediation process to drive to a final resolution as soon as possible,”.

Some 340,000 customers of Gemini Earn, the now-terminated yield generating product, have been stuck in limbo since late last year after DCG’s Genesis Global paused withdrawals in November. Genesis Global later filed for Chapter 11 bankruptcy with more than $3.5 billion owed to creditors. By far the largest claim belonged to Gemini Trust Company, which was owed $766 million in funds that had been lent out through the Gemini Earn program. Gemini and DCG reached an agreement in February that would see DCG restructuring debts, as well as contributing equity in Genesis Global Trading, another unit, to its bankrupt lending arm, with Gemini contributing up to $100 million. Open / Comment

2023-04-23 15:59:17 ​​The trader earned more than $1.14 million on the PEPE token by investing $250.

An unknown trader spent 0.125 ETH ($251) 4 days ago to buy 5.9 trillion PEPE tokens. Now they are estimated at $1.6 million.

Over the past three days, the PEPE rate has increased by 21000%. As of April 19, the capitalization of the asset exceeded $122 million. Open / Comment

2023-04-23 15:56:29 ​​Bitcoin price crawls 2.5% off lows as weekly chart risks 'bearish engulfing'

A "horrendous bearish engulfing" risks defining the weekly close, but all may not be lost, Bitcoin price analysts insist.

$26,600 becomes popular BTC price target

Up around 2.5% from the lows set the day prior, the pair remained on traders’ radar as a potential short opportunity into the weekly close.

“$26,600 is my target in my short position right now, and being the weekend it may take a bit longer to get there,” Crypto Tony confirmed to Twitter followers on the day.

“It is the most logical target and we also have bids popped up down there too now, so i am expecting a reaction once tested.”

BTC/USD annotated chart. Source: Crypto T/Twitter
That target would mark a new bottom for Bitcoin, which lost 10% over the week to turn April performance negative overall.

Analyst Mark Cullen eyed the potential for BTC/USD to approach the April 21 CME futures closing price of $27,310 before the weekly close.

“Lots of bids sitting at 26.5k, but not sure they get tapped just yet,” he added in accompanying commentary, offering a similar logical target to Crypto Tony.


BTC/USD annotated chart. Source: Mark Cullen/Twitter
A further Twitter post noted increased spot market selling on largest exchange Binance, this potentially adding downside pressure in an otherwise less liquid weekend trading environment. Open / Comment

2023-04-14 21:56:18 ​​FTX Trading Considers Restarting Failed Crypto Exchange With Creditor Money

Bloomberg reported FTX is considering using money marked to repay customers to restart the exchange. According to Sullivan & Cromwell lawyer, Andrew G. Dietderich, the project would require a significant amount of cash. However, the company is still in the early stages of deciding whether to bring back the exchange, which allowed customers to trade digital assets before FTX collapsed. They could also try to raise money to fund a restart or drop the entire concept.

Dietderich also mentioned in court that the original FTX trading app was a “facade” that was more like a video game than a professional, properly functioning exchange. Funds needed to restart the exchange could come from third parties willing to invest in the project, or FTX could use some of the $7.3 billion worth of cash, crypto, and other assets it has so far collected. However, that money is being held until FTX wins final court approval for a creditor payout plan, which is unlikely until next year, as Dietderich mentioned. FTX Trading Ltd. is talking with the official committee of unsecured creditors about restarting the exchange, and the company was in court seeking more time to prepare a creditor payout plan. Open / Comment