Crypto Genius™

Binance BNB Forecasts: Unanticipated Downturn Despite Detractors’ Assertions

Crypto News and Updates / Logan / November 23, 2023

The ‘Whale Wire’ critic anticipates a 95% plunge in Binance’s BNB to below $5 due to potential legal issues and increased regulatory oversight, potentially leading to Binance’s insolvency and affecting its overall business scheme. Despite these Binance BNB predictions, Binance continues to lead the global cryptocurrency exchange market, with BNB maintaining its position among the top five cryptocurrencies. New CEO Richard Teng confirms that client funds are secure and compliance reforms are unde

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Supply Profit Soars as Majority of BTC Becomes Profitable Again

Bitcoin Supply Profit Soars as Majority of BTC Becomes Profitable Again

Crypto News and Updates / Logan / November 23, 2023

The Bitcoin supply profit has experienced a notable surge, reaching heights not seen in the past two years, according to Glassnode. The Bitcoin supply in profit reached a zenith during the recent market surge, with approximately 83.6% of the circulating Bitcoin supply, equivalent to 16.36 million BTC, now held with profits. Despite the market’s slight dip from its November 2021 peak, the unrealized profit in these coins remains relatively moderate. This recent increase in Bitcoin supply profit h

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Matic Price Prediction: Is Polygon Heading for a Negative Trend?

Crypto News and Updates / Logan / November 22, 2023

MATIC’s price has witnessed a major decline of approximately 10% in the wake of the SEC’s legal action against Kraken, which implicated MATIC as collateral. This downward turn began after MATIC couldn’t surpass the $0.98 resistance against the American dollar, subsequently trading beneath $0.80 and the 100 simple moving average (4 hours). A significant bearish trend line is developing with resistance around $0.788 on the 4-hour graph of the MATIC/USD pair. Should MATIC fail to climb over the $0.

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The Aftermath of Binance Billion Outflow: CZ’s Legal Issues Examined

Crypto News and Updates / Logan / November 22, 2023

After Changpeng ‘CZ’ Zhao, former CEO of Binance, pleaded guilty to money laundering charges and agreed to a $4.3 billion settlement with the U.S. Justice Department, the world’s largest crypto exchange experienced a significant ‘Binance billion outflow’. Within 24 hours, more than $1 billion was withdrawn, contributing to a net outflow of $703 million over the past week. Despite this, Binance recorded net inflows of $1.68 billion in the past month, retaining its leading position among all centr

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Open AI Sam Altman Steps Back in as CEO, Refreshes Board Composition

Crypto News and Updates / Logan / November 22, 2023

Open AI has confirmed an initial agreement for Sam Altman, Open AI Sam Altman, to reprise his role as CEO, introducing a reshuffled board featuring Bret Taylor as chairman, Larry Summers, and Adam D’Angelo. Altman’s return comes on the heels of Microsoft CEO, Satya Nadella, securing his skills to head a new AI research group. Both Open AI and Altman are reportedly in ongoing discussions to settle the specifics of his comeback.

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