On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss ChatGPT pump-and-dump tokens and why you should be cautious.
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Beware of Bing AI chat and ChatGPT pump-and-dump tokens — Watch The Market Report live
On this week’s episode of The Market Report, Cointelegraph’s resident experts discuss ChatGPT pump-and-dump tokens and why you should be cautious.
Bitcoin can hit $40K before BTC price sees 'harsh correction' — analyst
BTC price action heads lower on the day, but strength is still there beyond the short term, says Michaël van de Poppe.
Bitcoin can hit $40K before BTC price sees ‘harsh correction’ — Analyst
Bitcoin (BTC) faced selling pressure at the Feb. 21 Wall Street open as United States’ stock markets opened down.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC price skids lower with U.S. stocks
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to daily lows of $24,324 on Bitstamp.
Bearish signals were already in for the pair after it saw swift rejection during its latest attempt to flip $25,000 to support.
Amid suspicions over whale movements on exchanges, monitoring resource Material Indicators concluded that the 200-week moving average (MA) at $25,100 needed to become support for Bitcoin to change its long-term trend.
“IMO, until we see full candles above the 200 WMA this is still distribution in a bear market rally, and with the bid wall above $24k, shorting from this level has about as much short term risk as longing,” it wrote in part of comments in its latest Twitter update.
NFT aggregator Blur eyes 30% price pump by March amid airdrop euphoria
Blur (BLUR) could rise by up to 30% by March 2023 owing to a mix of technical and fundamental factors.
Blur airdrop hype
Blur is a nonfungible token (NFT) aggregator that indexes digital art listings across various base marketplaces like LooksRare and OpenSea. In doing so, the aggregator allows users to trade across all NFTs marketplaces via a single interface.
Since its launch in October 2022, Blur has become the leading NFT aggregator, accounting for 40%-60% of the daily NFT trading volume, according to data tracked by Messari.
Blur versus other NFT marketplaces' volumes. Source: MessariThe period has also witnessed the Blur team "airdropping" free BLUR tokens to users who have traded Ethereum-based NFTs in the past six months. On Feb. 15, Blur officially launched its native token of the same name, allowing airdrop recipients to trade it for fiat money and other crypto assets.
According to Dune Analytics, Blue has airdropped 360 million tokens across its users. Interestingly, users have claimed nearly 339 million BLUR tokens in the first six days of the launch against the 60-day deadline.
Paxos is engaged in 'constructive discussions' with SEC: Report
The stablecoin issuer is currently facing a lawsuit from the SEC in which the financial regulator claimed BUSD was an unregistered security.
Gamers made up nearly half of all blockchain activity in January: DappRadar Report
A new report from DappRadar revealed that during the first month of 2023, blockchain gaming made up 48% of all DApp activity.
Cointelegraph 2023 Top 100: Diving into the top 10
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Feb. 21 lifts the curtains on numbers 4–10 of the most impactful crypto and blockchain sector players, according to Cointelegraph’s 2023 Top 100 list.
The controversial player at No. 10 was not on Cointelegraph’s Top 100 list for 2022, nor were the players occupying No. 9, 8 and 4. The person who takes the ninth spot on the list shares the same first name as the cotton gin inventor, while No. 8 relates to a country frequently in the news in 2022. No. 4 is a concept that prefers to be kept confidential. The seventh, sixth and fifth positions are players who made Cointelegraph’s 2022 Top 100 list, each significantly higher on the 2023 edition. Try to guess who the players are or check the list to find out!
Green consumers want supply chain transparency via blockchain
Ethical consumption is a trend on the rise as the world grapples with exhausted landscapes. Initiatives like the EU Digital Product Passport may force the trend forward.
Green consumers want supply chain transparency via blockchain
Chris Georgen, founder of the social impact-focused blockchain company Topl, believes that many consumers are unaware of the consequences of their buying habits.
“Forced labor, deforestation, the destruction of endangered habitats… As responsible citizens of the world, we wouldn’t knowingly support, condone or participate in anything like this,” he tells Magazine.
“Unfortunately, too often, what we buy can lead to this (and sometimes worse). Whether we know it or not, the things we buy profoundly impact the lives of others and the health of our planet.”
Blockchain may not be able to solve these problems directly, but it can play a significant role in supply chain transparency and rewarding ethical behavior.
Mesbah Sabur, founder of Circularise — a blockchain company tackling traceability solutions for a more circular economy — stresses the importance of consumers making greener choices:
Green consumers want supply chain transparency via blockchain
Chris Georgen, founder of the social impact-focused blockchain company Topl, believes that many consumers are unaware of the consequences of their buying habits.
“Forced labor, deforestation, the destruction of endangered habitats… As responsible citizens of the world, we wouldn’t knowingly support, condone or participate in anything like this,” he tells Magazine.
“Unfortunately, too often, what we buy can lead to this (and sometimes worse). Whether we know it or not, the things we buy profoundly impact the lives of others and the health of our planet.”
Blockchain may not be able to solve these problems directly, but it can play a significant role in supply chain transparency and rewarding ethical behavior.
Mesbah Sabur, founder of Circularise — a blockchain company tackling traceability solutions for a more circular economy — stresses the importance of consumers making greener choices:
Green consumers want supply chain transparency via blockchain
Ethical consumption is a trend on the rise as the world grapples with exhausted landscapes. Initiatives like the EU Digital Product Passport may force the trend forward.
Green consumers want supply chain transparency via blockchain
Ethical consumption is a trend on the rise as the world grapples with exhausted landscapes. Initiatives like the EU Digital Product Passport may force the trend forward.
Green consumers want supply chain transparency via blockchain
Ethical consumption is a trend on the rise as the world grapples with exhausted landscapes. Initiatives like the EU Digital Product Passport may force the trend forward.
Green consumers want supply chain transparency via blockchain
Chris Georgen, founder of the social impact-focused blockchain company Topl, believes that many consumers are unaware of the consequences of their buying habits.
“Forced labor, deforestation, the destruction of endangered habitats… As responsible citizens of the world, we wouldn’t knowingly support, condone or participate in anything like this,” he tells Magazine.
“Unfortunately, too often, what we buy can lead to this (and sometimes worse). Whether we know it or not, the things we buy profoundly impact the lives of others and the health of our planet.”
Blockchain may not be able to solve these problems directly, but it can play a significant role in supply chain transparency and rewarding ethical behavior.
Mesbah Sabur, founder of Circularise — a blockchain company tackling traceability solutions for a more circular economy — stresses the importance of consumers making greener choices:
Ankr partners with Microsoft to offer enterprise node services
The partnership will offer low-latency blockchain connections for Web3 projects, enabling developers to focus time on scaling their applications.
Bosch partners in $100 million Web3 development foundation
Global technology firm Bosch partners in the launch of a new foundation, committing $100 million to a Web3, AI and IoT grant program.
Bitcoin active addresses 'concern' analyst despite 50% BTC price gains
Bitcoin lacks both active address growth and significant on-chain volume in a divergence from previous BTC price bull markets.
Bitcoin active addresses 'concern' analyst despite 50% BTC price gains
Bitcoin (BTC) still lacks the on-chain volume and active address increases which characterize bull markets, research warns.
In a frank appraisal of the 2023 BTC price rebound, on-chain analytics platform CryptoQuant warned that Bitcoin may be weaker than it seems.
Active addresses not copying bull market paradigm
As on-chain metrics flip green and some even flash bull signals not seen in years, a healthy dose of suspicion remains among many analysts.
CryptoQuant contributor Yonsei_dent is among them, writing in one of the platform’s Quicktake blog posts this week that 2023 does not chime with previous bull markets.
The problem, he explains, lies in active addresses, which are not increasing in number despite BTC/USD gaining almost 50% year-to-date.
eNaira is 'crippled': Nigeria in talks with NY-based company for revamp
After multiple attempts to create an efficient digital currency, the Central Bank of Nigeria is turning to a New York tech firm to revamp the underlying technology.