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News Summary about Crypto 17.3.2023

by 17. Mar 2023 @ 2:16Daily News Summary about Crypto

Key Points

  • Bitcoin Bounces Back
  • Bankrupt Crypto Lender Genesis Seeks Sale
  • AI Tokens Ride the ChatGPT Wave

Welcome to the latest in the world of cryptocurrency, where Bitcoin is making a comeback, Genesis eyes a potential sale, and AI-related tokens are surging on the back of ChatGPT’s momentum. Buckle up for a thrilling ride as we explore these headlines and unearth some fascinating insights.

First up, Bitcoin has once again crossed the $26,000 mark, gaining 7.5% in the last 24 hours. The world’s leading cryptocurrency has been fluctuating between $24,000 and $26,700 over the past week. Alex Thorn, head of firmwide research at Galaxy Digital, suggests that investors who took a brief hiatus are now returning and increasing their exposure to Bitcoin. “We expect to see significant demand as Bitcoin moves further past $25,000,” Thorn noted. Meanwhile, Ether is also on the rise, with a 5.1% increase in the past day and a 20% gain over the last week.

In other news, bankrupt crypto lender Genesis is seeking a May 22 deadline for creditors to declare their outstanding debts and has requested a June 27 auction date, according to recent bankruptcy court filings. Prospective bidders for Genesis will need to express their interest by May 5. The sale would include lenders Genesis Global Capital and Genesis Asia Pacific, as well as Genesis Global Trading, which has not filed for bankruptcy. All three are part of Digital Currency Group, a crypto conglomerate that also owns CoinDesk.

Lastly, it seems that AI is the new talk of the town, with AI-related tokens experiencing a strong week. The Graph’s GRT has seen a 30% increase, and SingularityNET (AGIX) has jumped by 45%. These tokens are rallying following the release of ChatGPT’s latest version, which has made waves in the AI world. OpenAI, the company behind ChatGPT, announced in a blog post on Tuesday that the new version could pass a simulated bar exam with a score placing it among the top 10% of test takers. If that isn’t impressive enough, SingularityNET is a decentralized AI marketplace powered by blockchain technology, while The Graph is an open-source indexing protocol designed to gather, process, and store data from various blockchain applications.

So there you have it, folks – a whirlwind tour of today’s most significant crypto headlines. As we continue to navigate this exciting landscape, we can only imagine what surprises await us around the corner. And who knows, maybe one day we’ll see ChatGPT becoming a skilled cryptocurrency trader!

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Top News in Crypto for April 5, 2023

by | Apr 5, 2023 |

  • Ether has surged to a nine-month high, up 5% to $1,920 in the past 24 hours, ahead of the upcoming Ethereum network upgrades.
  • PostFinance, a Swiss financial services firm, is partnering with Sygnum Bank to offer cryptocurrencies to its 2.5 million customers, enabling them to buy, store, and sell bitcoin and ether, with more crypto tokens to be added in the future.
  • Paxful, a popular peer-to-peer Bitcoin trading platform in Africa, has suspended its operations. Its co-founder, Ray Youssef, is rallying the Bitcoin community to help build and fund a new decentralized platform called Civilization Kit (Civ Kit), which is a decentralized peer-to-peer Bitcoin trading app built on Nostr, a decentralized social media app.
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