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The Commodities Futures Trading Commission Warns Investors about AI-Generated Crypto Asset Trading Algorithms

Background The Commodities Futures Trading Commission (CFTC) has issued a warning to investors regarding the use of artificial intelligence (AI)-created algorithms that claim to provide guaranteed returns on crypto asset investments. The commission advises investors to conduct thorough background research on the individuals or companies offering such AI-generated trading algorithms. Rise of AI-Generated Trading Algorithms […]

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Ethereum Technical Analysis: Low Trade Volume and Selling Pressure Impact ETH

Ethereum Price Dynamics As of January 29, 2024, Ethereum (ETH) is currently priced at $2,247. Over the past 24 hours, the price has fluctuated between $2,246 and $2,284. Despite its market capitalization of $270 billion, the trading volume for ETH remains relatively low. This suggests that investors may be cautious about entering the market. Hourly

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The Rise of the Stablecoin Economy: A Look at the First Month of 2024

Growth in Market Capitalization In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, Tether (USDT) and USD Coin (USDC), experienced notable expansions in their supplies, with increases of 4.8% and 7.2% respectively. Stablecoin Economy on the

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GBTC Sheds Almost 125,000 Bitcoin While 9 Fresh ETFs Gather Over 160,000

In the most recent update, Grayscale's Bitcoin Trust (GBTC) experienced a decrease of 4,461.36 bitcoin, valued at approximately $190.53 million, over the past day. Since Jan. 12, 2024, GBTC has observed a cumulative reduction of about 124,967.54 bitcoin, equivalent to an estimated $5.33 billion. Meanwhile, the nine recently launched spot bitcoin exchange-traded funds have collectively

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Tether’s Audit Report Reveals $2.8 Billion in Bitcoin Holdings

Tether's Robust Balance Sheet Validates $2.8 Billion in Bitcoin Ownership Tether, the leading stablecoin issuer, has recently announced the results of its audit conducted by BDO, a renowned auditing firm. The audit report unveils Tether's impressive balance sheet, confirming its ownership of over $2.8 billion in Bitcoin. This revelation solidifies Tether's position as a key

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Larry David Reflects on Super Bowl FTX Ad: ‘Like an Idiot, I Did It’

At the premiere of "Curb Your Enthusiasm's" final season, Larry David expressed remorse for his participation in a Super Bowl commercial for FTX, reflecting on the decision as misguided after the cryptocurrency exchange's bankruptcy. Larry David Admits Regret Over FTX Super Bowl Ad: ‘Like an Idiot, I Did It’ Larry David, the creator behind "Seinfeld"

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