Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Blockchain security firm warns of AI code poisoning risk after OpenAI’s ChatGPT recommends scam API

Yu Xian, known for founding Slowmist has just exposed a new vibe-killer titled as “AI code poisoning”. Basically, this means that now scammers have stepped up their game with shady codes from AI space. One dude lost $2,500 after ChatGPT suggested a fake Solana API. It’s a big wake-up call—AI tools are getting played, and users gotta stay woke to avoid getting scammed.

The founder of Slowmist, a leading blockchain security firm known for protecting crypto ecosystems, named Yu Xian has warned users about AI written malicious codes. He’s a trustable source to believe, as his previous works prove him to be an expert in cybersecurity. His expertise lies on uncovering and preventing threats like hacks, scams, and emerging risks such as AI code poisoning in the blockchain space.

The ChatGPT Blunder

Xian mentioned the recent incident regarding a famous OpenAI’s chatbot, ChatGPT which apparently suggested a fraudulent Solana API website. This incident occured on this past week, where a trader by the name “r_cky0” said he lost about $2500 in digital assets after seeking GPT’s recommendation in creating a Solana-based memecoin generator Pump.fun.

The fraudulent website chatGPT suggested led to a theft of the users personal information, including his private keys. He noted that within just 30 mins, his overall wallet went numb and got linked with the scams.

AI bots making such blunders are getting more common, this case is similar to another famous incident where there were clear signs of an AI writing malicious code.

Read more: AI Firm Genius Group Adds $14M to Bitcoin Treasury, Shares Jump 8.5%

Bitcoin Rally Mirrors 2020 Bull Market

Summary: Ki Young Ju who’s the CEO of infamous CryptoQuant said that the recent Bitcoin rally which is driven and supported by huge whale accumulation and mining economics. He believes that this surge is very similar to the 2020 bull phase. Bitcoin currently is being traded at $97,444 as it comes closer and closer to $100,000.

Whale Accumulation Drives Rally

Ju was previously criticized for sharing how he believes whale accumulation is surging the BTC valuation but now Ju’s truth is highlighted by the insane surge as whale accumulation have been a major factor in Bitcoin’s valuation increase.

YOU MIGHT ALSO LIKE: Arkham Unveils New Spot Trading Exchange Set to Launch in the US

Halving Impact on Mining Economics

Ju explained how higher Bitcoin prices are very necessary to maintain profitability for miner, and after the April halving, the mining rewards was reduced to mere 3.125 BTC while also doubling mining costs. This has added upward pressure on the market.

Short Squeeze Potential

As many more traders and investors are shorting Bitcoin, Ju highly believes that a short squeeze could potentially fuel the flame and further the bullish momentum. Which seems just parallel to what happened during 2020’s sixfold surge. He stressed his tone and emphasized that the recent conditions including political aspect greatly supports sustainable growth, however, he’s also cautious as the timing remains uncertain.

YOU MIGHT ALSO LIKE: Bitcoin Breaks $97K, Over 80% Odds of Hitting $100K This Month


AI Firm Genius Group Adds $14M to Bitcoin Treasury, Shares Jump 8.5%

Summary: Genius Group is a Singapore-based artificial intelligence focused company or firm which has just now invested an additional $14M on its Bitcoin holding which just seems to be every company’s plan right now as BTC just hit it’s ATH of $97,000. The company raised its total treasury to 153 BTC and the announcement made on Nov.21 help increase the company’s share by 8.5%.

Accelerated Bitcoin Strategy

Genius Group recently adopted a crypto-based policy named ” Bitcoin-first” strategy and this latest purchase followed said policy. This policy includes committing 90% or more of its reserves to Bitcoin which shows their trust on Bitcoin as a currency and asset. Key developments on said case include:

  • A $10M Bitcoin purchase on Nov.18
  • Additional investment of $14M on announced on Nov. 21.
  • Formation of a crypto-focused treasury to have $120M in Bitcoin holdings.

Strategic Shift Towards Bitcoin

Roger Hamilton who’s the big man, The CEO said that this move reflects a growing rapid trend amongst public companies of rethinking and revising their financial and economical strategies and increasing Bitcoin allocations.

After this much of commitment and investment on Bitcoin, Genius Group becomes yet another company that has managed to position itself as a leader among AI firms using Bitcoin for treasury management which goes hand to hadn with bigger and greater industry trends.

YOU MIGHT ALSO LIKE: Arkham Unveils New Spot Trading Exchange Set to Launch in the US

Arkham Unveils New Spot Trading Exchange Set to Launch in the US

Arkham Intelligence is launching a new spot trading exchange in the US, expected next week. US users will have to wait until it’s fully regulated. Its aiming to compete with Binance with big alibi as investors, like Sam Altman. Arkham’s token, ARKM, is trading at $2.09 with a $663M market cap.

Arkham Intelligence is a crypto market analytics platform which specializes in providing intelligence and data insights to help users navigate the blockchain and cryptocurrency space. It was launched in 2020 and its main aim is to bring transparency to the crypto market by offering tools for tracking on-chain activity, analyzing market trends, and providing insights for traders and investors. It is now expanding into the spot trading exchange game to compete with major platforms like Binance.

They announced this news on the social media platform X. They basically announced their plans to start a new spot trading service in the US, launching as soon as next week. However, Arkham does note that some of the users in US might not have availability of it until its fully developed.

You might like: Bitcoin Breaks $97K, Over 80% Odds of Hitting $100K This Month

Previously on October, they announced that it would be launching a derivatives exchange as a means of competing with Binance, which is arguably the biggest crypto exchange in the world.

Some sources suggest, Arkham was actually building the technology and digital infrastructure required to operate the exchange themselves and was in close contact with whales in the Middle East to raise $100 million. Other investors include the man,  CEO of OpenAI, Sam Altman himself.

Conclusion

Arkham Intelligence is really posing itself as a key player in the crypto market, with plans to launch its own exchange while attracting significant investment and backings from prominent figures like Sam Altman.

Read more: Render (RNDR) Skyrockets 40%: AI-Powered Crypto Faces Key Turning Point



Bitcoin Breaks $97K, Over 80% Odds of Hitting $100K This Month

Summary: Bitcoin’s valuation increased by 5.8% in just last 24 hours and so the bullish streak continues. Bitcoin surged to yet another of its all-time high of $97,750. Market capitalization for Bitcoin also looks fantastic as it stands at $1.93 trillion, with a super dominant 57.9% share of the crypto market. Bitcoin’s daily trading volume has also surpassed $85 billion which shows how strong and dominant the bullish momentum has been for BTC.

Market Sentiment and Predictions

After this recent and explosive success of Bitcoin, A poll was done on the prediction platform Polymarket where 83% odds were on the favor of Bitcoin hitting $100,000 before December. This is also happening as the global crypto market cap reaches an all-time high of $3.33 trillion.

  1. YOU NEED TO KNOW MORE ABOUT: Meme Coins Push Solana to Record Revenue Heights

Factors Driving Bitcoin’s Surge

  1. Political Landscape: Donald Trump winning the election as the “crypto president” with a promise of making U.S. a pro-crypto Congress country has filled everyone especially crypto enthusiast with hopes for regulatory support.
  2. Institutional Interest: After the first big surge, Whale accumulation and many over-the-counter (OTC) deals most probably by big organizations are sustaining this bull run.
  3. Halving Effect: After the Bitcoin Halving on April 20th, rewards for mining and miners had decreased. Therefore, prices was pushed upwards to maintain an environment where miners can also enjoy profit.
  4. Spot BTC ETFs: When BlackRock’s iShares Bitcoin trust was firstly launched, it was the first and one and only U.S. approved spot Bitcoin ETF and this fueled the demand for bitcoin even higher. This made things easier for investors as they were greatly manage risks while still gaining rapid exposure to digital asset.

READ MORE: Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge

Render (RNDR) Skyrockets 40%: AI-Powered Crypto Faces Key Turning Point

In short, RENDER has managed to surge by over 40% in a month. It has become one of the finest AI-focused cryptos with a mindblowing $4.1B market cap. The decline in whale activity and weakening of Bollinger Bands signal lacky momentum. Top crypto Gs predict $8.29 resistance or $5.00 support levels. NVIDIA’s earnings may also influence performance, but still, caution surrounds RENDER’s long-term trajectory.

Render (RENDER) has become a major player in the AI crypto space, surging by 40% in the past month, now holding a market cap of $4.1 billion. It’s leading the charge for AI-focused cryptocurrencies, but the road ahead is all foggy, with some warning signs flashing.

One of the biggest upset for it can be the drops in whale investor activities. The number of large holders (those with 100,000 to 1 million coins) has decreased from 218 to 177 between November 1 and now. This strongly suggests a lost of confidence from major players which ultimately means, even though the price is up, volatility is inescapable.

Additionally, the Bollinger Bands Trend (BBTrend), a technical indicator, offers mixed signals. After hitting a three-month high of 29.7 on November 14, it has fallen sharply to around 6.4, showing a huge loss of momentum. While its still technically positive, this dip does raise concern on a longer run and hints sharply towards a reversal. Plus, there are very few whales backing up the coin to keep it afloat.

You might like: Meme Coins Push Solana to Record Revenue Heights

Price Projections: Bulls vs. Bears

In a bullish scenario, analysts believe RENDER could push to resistance levels at $8.29 and possibly $9.47, which would be the highest price since May. But if the momentum goes numb, support levels could drop to $6.30, $5.80 or even as low as $5.00.

External Factors and Market Sentiment

Render’s performance could also be affected by some external factors like NVIDIA’s earnings report. Both RENDER and NVIDIA are heavily involved in GPU-powered technologies, so a strong report from NVIDIA could boost market confidence in RENDER. Some crypto analysts, like Rendoshi Tokamoto, have even praised RENDER’s chart, calling it “the best-looking in crypto,” suggesting there’s still potential for further growth.

More about Render: Render vs. Theta: Why Millennials Are Betting Big on Digital Art Over Decentralized Video Platforms

DCG Unveils Yuma: Pioneering Decentralized AI with Bittensor Revolution

DCG has launched Yuma to back startups building on Bittensor’s decentralized AI network. It is led by Barry Silbert, Yuma offers funding, tools, and expertise to create innovative AI projects. As a top Bittensor validator, it supports AI subnets like text tools and fintech, pushing crypto-AI collabs with TAO at the core.

DCG, short for Digital Currency Group is an international investment firm. It is the forefront of blockchain and cryptocurrency innovation. It basically operates as a key player in the digital asset ecosystem by supporting mainstream groundbreaking technologies and startups. By investing in companies and projects that shape the future of blockchain and crypto, DCG continues to automate the adoption of decentralized technologies worldwide quickly. This firm recently launched its Yuma project which is set to change the landscape of decentralized AI.

What is Yuma?

Yuma is basically a subsidiary launched by Digital Currency Group (DCG) to accelerate innovation in decentralized artificial intelligence. Its main focus is to enable startups and enterprises to build projects on Bittensor, a decentralized AI network. It will act both as a research hub and a development partner by providing funding, infrastructure, and technical expertise to empower developers in creating AI-driven applications.

It will benefit DCG in numerous ways, which includes accelerating overall innovation, validating and developing subnets, supporting AI development, and offering creative incentives.

Read more: Meme Coins Push Solana to Record Revenue Heights


Meme Coins Push Solana to Record Revenue Heights

Summary: Meme coins are infamous for their sudden popularity and drastic fall in short period of time. However, this time the craziness for meme coin has pushed Solana to a new all time high in fees and revenue. The blockchain managed to surpass one of the crypto giants Ethereum in daily feels and set new records.

YOU MIGHT ALSO LIKE THIS: Chill Guy Coin (CHILLGUY) Skyrockets 650% to $0.222 in Just 2 Days

Meme Coins Fuel Solana’s Boom

According to Defi Llama, Solana earned $11.8 million in daily fees, more than Ethereum did ($6.32). Due in large part to the meme coin craze, the network also generated a record $5.9 million in revenue each day. Sites such as Pump.fun, a meme coin launchpad based in Solana, made a substantial contribution and made $2.4 million in a single day.

Raydium Takes the Lead

Raydium, Solana’s top decentralized exchange, played a pivotal role by generating over $1 million in daily revenue. Its low fees and high activity reflect the growing appeal of Solana’s DeFi ecosystem, which now boasts a total value locked (TVL) of $8.35 billion.

Solana Nears ATH Amid Rally

SOL’s market capitalization has increased by 295% in the last year, to $113 billion, which is getting closer to USDT’s $128.8 billion. As evidence of its tenacity and development potential, Solana is just 8.7% away from its all-time high of $260, despite a minor decline to $238.

READ MORE: Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge





Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge

The Simon’s Cat token (CAT), launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is tied to the Simon’s Cat brand and backed by its $5.8 billion revenue IP. Its early access was offered to BONK holders on Solana, which ended up raising $240,000 via vaults. Solana’s recent memecoin surge has seemingly increased in huge demand for its ecosystem, including some record-breaking trading fees.

The Simon’s Cat Token known as CAT is a memecoin launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is getting whale’s eyes all over it as of recent. It is the first major cat-themed token on the BNB Chain and is formally tied to the popular Simon’s Cat brand, which is supported by its $5.8 billion intellectual property. It mainly targets meme enthusiasts by offering them early access incentives to BONK holders via Solana. Its close ties with Solana really boosts the platform’s growing role as a hub for memcoin activities. They also offer early access incentives to BONK holders via Solana.

You might like: Chill Guy Coin (CHILLGUY) Skyrockets 650% to $0.222 in Just 2 Days

Basically, BONK holders can score early access to Simon’s Cat Token (CAT) on Solana with a 12-month token lock. The vault which was initially capped at just $100K worth of CAT at a discount, smashed through every expectations and reached $240K in stablecoins deposited overnight.

With this and the already positive vibes by Solana sets it as the ultimate memecoin hotspot. Its continuously pulling off wild trading cycles that pump demands for SOL, with these profits funneled into fresh tokens. Back in March, Solana broke its all-time fee record, raking in $3.02M in just one day, which left behind big names such as Ethereum, BNB Chain, and Tron. Clearly, all eyes are glued to Solana right now!

Read more: Michael Saylor to Pitch Bitcoin Investment to Microsoft Board

Michael Saylor to Pitch Bitcoin Investment to Microsoft Board

Summary: Michael Saylor has been advocating real hard for the usage of Bitcoin, and now he’s set to give a three minute presentation pitch to Microsoft board as to why they should also invest in Bitcoin. Saylor isn’t any ordinary man as he’s an executive chairman of MicroStrategy company and believes that Microsoft’s investment strategy might have a ripple effect on the broader market.

Saylor’s Three-Minute Bitcoin Pitch

Michael Saylor announced on VanEck’s X spaces that he will be presenting a very brief but strong and impactful pitch to Microsoft’s board of directors. He believes he might be able to sway them and aims to convince them as much as possible to allocate funds to Bitcoin as Microsoft is a tech giant and has over $78 billion in cash reserves.

YOU MIGHT ALSO LIKE: Chill Guy Coin (CHILLGUY) Skyrockets 650% to $0.222 in Just 2 Days

The Impact on Microsoft and the Market

Microsoft being a technical giant as mentioned before has only invested on companies like OpenAI but has yet to invest anything on crypto or crypto related projects. Microsoft has the potential to be a major corporate Bitcoin adopter if Michael manages to persuade them, which might start a potential larger institutional interest in the cryptocurrency.

A Track Record of Success

Saylor in his announcement highlighted that MicroStrategy’s growth as a pioneer in Bitcoin adoption. The shares of said companies have surged as high as 2,735% over five years, this success story in itself proves Bitcoin’s potential as a strategic asset.

Exit mobile version