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.

Steller, Dogecoin, Cardano Shine as Crypto Market Hits $3.5 Trillion

Summary: Everybody following any kind of crypto news probably knows by now that, the cryptocurrency market has reached an all time high of $3.49 trillion with an increase of astonishing 11.5% this week. In this huge surge there are some crypto which led the rally with significant gains and they are Stellar, Dogecoin and Cardano.

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Stellar’s 190% Rally

Stellar hadn’t reached new heights since 40 months, but during this rally Stellar soared 190% making its valuation to $0.4436. This is speculated to have happened because of the Federal Reserve’s mention of its potential use in FedNow Payment system. There are many who still believe the rally hasn’t stopped for XLM and could potentially reach $5. which is a 1030% increase from its current level.

Dogecoin Peaks at $0.48

Dogecoin showed absolute potential as it ran on this crypto surge and gained 239% in just past month and rose to a yearly high of $0.48. Analysts still haven’t stop predicting that DOGE will hit $1.25 causing overbought which might cause a sudden pullback.

Cardano Breaks $1

Like Stellar and Dogecoin, Cardano (ADA) also reclaimed what was once lost and hit $1, it also had significant growth of 43.7% just this week taking it upto $1.08. Analysts show how Whale activity drove and led this rally causing a net inflows to surge to 220%, not only that but trading volume also skyrocketed by 86% reaching to $8.1 billion.

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The strong performance of these altcoins highlights growing investor confidence as the crypto market enters record-breaking territory.

Celestia’s TIA Battles Bearish Trends Despite Rising Active Users and IBC Success

In short, Celestia’s TIA is struggling hard even with a spike in active users, ranking #2 among IBC chains. The market’s vibe is bearish AF, even its price tanked 12% this month and traders stacking short positions. Trading volume’s down nearly 50%, and with such bearish momentum rising, TIA could dip to $3.6 soon pretty quickly.

What Is Celestia, Exactly?

Simply, Celestia is a kind of blockchain that allows data sharing and collaboration amongst other blockchains. Because of its unique flexibility, developers can create their own blockchains on top of it, which helps clear out the hassles of starting from scratch. It enables users to recommend personalized blockchains for particular use cases. Additionally, it facilitates smooth data transfer and interoperability between blockchains through the use of the Inter-Blockchain Communication (IBC) protocol.

TIA’s Current Condition

TIA is Celestia’s native token which is used for staking, securing the network, and paying for transaction fees. It also looks after governance, as holders can vote on protocol upgrades and changes.

The condition of Celestia seems to be rather bearish even with the surge in number of active users. Since last week, it has pulled about 62,650 active peeps and ranked 2nd among IBC blockchains for activity. Even with this positivity, nothing could help from TIA’s price sliding down the charts. Its market cap dropped 6.29% to $2.14B, and trading volume tanked nearly 49%. Open Interest dropped 7.33% to $238.65M, with shorts totally overpowering longs. Longs just got smoked with $941K liquidated, and analysts think the price could tank even more if this keeps up. The market’s just not feeling it right now.

Read more: 15 Charged in U.S. for Laundering Drug Cartels’ Cash via Cryptocurrency.

15 Charged in U.S. for Laundering Drug Cartels’ Cash via Cryptocurrency.

Summary: 15 individuals which included 9 defendants and 6 associates face charges in the great state Florida for allegedly laundering drug money from neighboring developing cartels such as Mexico and Colombia into cryptocurrency. This scandal continued for almost 3 long years starting from 2020 to mid-2023 and the individuals where involved in bulk cash pickups and crypto transactions.

Sophisticated Money Laundering Scheme

The accused individuals allegedly collected drug proceeds from cities of United States and converted them into cryptocurrency. Then these digital money or assets were transferred to the wallets of the big evil conspirators, it doesn’t end here as the transferred digital asset was again converted back into cash and then transferred to cartel leaders in Mexico and Colombia.

Key Figures and Roles

Court documents and files suggest Nilson Sneyder Vasquez Duarte as a primary criminal and the one who coordinated the scheme. He and his co-conspirators allegedly helped during the deliveries to black-market crypto exchangers, which for sure included Hernan Horacio Richard Samper and Maria Eugenia Landeros Rosas. Not only there but there are several other individuals also served as a medium to physically transporting cash between U.S. cities.

Charges and Penalties

Accused individuals are facing charges for conspiracy to commit money laundering and operating an illegal money transfer business. This doesn’t end the charge for some as seven individuals which includes Duarte and Landeros, face even more additional count of substantive money laundering.

READ MORE: Yo-Yo.ai Teams Up with $300M Hedge Fund to Unveil Real-Time Crypto and Stock Prediction Model

76% of Memecoins Promoted by Influencers are Worthless

Summary: CoinWire conducted a research where it found out that a huge amount of memecoins which influencers promote and advertise as the next big thing have lost their value. The study shows that about 76% of Influencer promoted memecoins have reached worthlessness. The research also expresses how the influencers manage to earn some profit from paid promotions while the investors suffer loss as the token starts to collapse within months of being started.

READ MORE: Optimism Price Surges 23%, Market Cap Hits $2.6B

Majority of Memecoins Lose Value

The analyst of the research found out that out of over 1,500 memecoins promoted and advertised by 377 influencers, 86% of these projects and tokens lost 90% of their value within three months, which is just insane to think about. Not only that but 80% of such token lose 90% valuation on just first month.

Small Influencers Perform Better

This might seem like a huge shock but statistically it’s true, small influencers with under 50K followers experience better returns including 25% gain in one week and 141% growth after three months.

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Profit for Influencers, Losses for Investors

Most influencers prioritize their own financial gain rather than their audiences trust. Influencers earn an average of $399 per tweet, despite the flashy promotions and non stop ads from such influencers, only 3% of memecoins have achieved something other couldn’t and left their mark and are still continuing to do good. With such small success rate, paying influencers for promotions seems super risky.

Woo X Launches AI-Powered ‘George AI’ for Crypto Copy Trading, Pitting Humans Against Machines

In short, Woo X just dropped “George AI”. Its an AI-powered tool for crypto copy trading. It will allow users to follow machine-driven strategies that analyze market trends and social media sentiment. In partnership with Kaito, they’re shaking up trading with AI vs. human challenges. This really begs the question, can humans still compete, or is AI finally taking over?

For introductions, Woo X is basically a popular cryptocurrency exchange known for its advanced trading features. It offers users access to cutting-edge tools for crypto trading. Their main focus lies on providing a seamless experience for traders, combining features like deep liquidity, AI-driven insights, and innovative products such as copy trading. And now, on a recent announcement they have introduced a new AI-powered tool called “George AI” to its copy trading platform, allowing users to follow and replicate the trading strategies of a machine learning model. 

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

About George AI

George AI is a powerful machine learning tool integrated into Woo X’s copy trading platform. It will give users an opportunity to follow and replicate the trading strategies of an AI model that analyzes market trends and sentiment. George AI makes use of advanced sentiment analysis to decode chaotic and noisy crypto-related data, something traditional sentiment tools in stock markets struggle with. This helps traders immensly on their journey as it gives direct AI-driven, well calculated insights.

The development of this AI was done in partnership with Kaito, an AI company, George AI scans social media platforms like X (formerly Twitter) and Discord for crypto sentiment, providing insights to traders on market movements.

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Optimism Price Surges 23%, Market Cap Hits $2.6B

Summary: Optimism (OP) is a leading Ethereum Layer-2 Solution and it’s currently experience a 23% valuation surge just within 24 hours and is not trading at a sweet price of $2.08. The market cap of the token as also obviously increased and has reached $2.4 billion with a trading volume of $1.31 billion.

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What is Optimism ?

We’re all familiar with the terminology “Layer-2 Blockchain”, Likewise, Optimism is a laye-2 blockchain built on the ever so successful Ethereum which is a layer-1 blockchain. Optimism uses Optimistic Rollups to make sure the transaction process is efficient. Optimism is also highly regarded as one of the top scaling solutions as it uses Ethereum’s mainnet which is very secured while handling transactions. Optimism has a Total Value Locked (TVL) of over $500M and supports an extraordinary number of 97 protocol which includes Uniswap (UNI), Synthetix (SNX), and Velodrome (VELO).

OP Token Popularity

OP Tokens received a major reaction when it was first launched on a community airdrop on May 31. There were hundreds and thousands of Ethereum enthusiasts who used OP tokens as a go-to asset as it was available on major exchanges such as Binance, Coinbase and Kucoin at that time. That’s not all because accessing Optimism is also fairly easy, all users have to do it connect their wallets like MetaMask and Bridge asset such as ETH to use its efficiency.

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




Yo-Yo.ai Teams Up with $300M Hedge Fund to Unveil Real-Time Crypto and Stock Prediction Model

In brief, Yo-Yo.ai just dropped a game-changer for crypto and stock trading. They’ve launched their 10-sec prediction model with 75% accuracy (way better than the usual 63%). They’re making a collab with a $300M hedge fund and offering free live predictions on their site right now. Their new upcoming Yo-Yo Pro tool plus the $YOYO token-powered DeFi Vaults are giving off next-level trading vibes.

For introductions, Yo-Yo.ai is basically a cutting-edge AI research lab that’s mainly focused on revolutionizing predictive trading. They have just stepped up their game by launching a $300 million programmatic hedge fund to make use of its advanced AI-driven price prediction engine. Its got a 75% accuracy rate which is big improvement from their previous 63% benchmark.

The 10 second prediction model is now live on their website and is available publicly on their official Yo-Yo.ai website. Yo-Yo.ai is also really hyping up the Pro version by offering free prediction feeds. This new Yo-Yo pro basically delivers 1, 5, and 15-minute forecasts with a solid 75% accuracy, and soon it will power up its $YOYO token-based DeFi Vaults for automated crypto trading. Using next-gen AI tech, it keeps accuracy stable even in wild markets, making Wall Street take notice.

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YO-YO Price Forecast

The price of Yoyo (YOYO) is $0.00003643 today with a 24-hour trading volume of $285.32. This does represent a 4.52% decline in the past 24 hours but if we considering a month, its up by an impressive 46.32% price increase. So, there’s a chance for bounce back. The market cap and the data about total number of circulating supply are currently unknown.

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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.

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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.

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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.

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