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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Suspicions Arise Around Justin Sun as Ethereum Whale in $160.7M ETH Purchase

Suspicions Arise Around Justin Sun as Ethereum Whale in $160.7M ETH Purchase

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Tron’s founder, Justin Sun, is suspected as the ‘Justin Sun Ethereum Whale’ who potentially acquired $160.7 million in ETH via Binance and other decentralized exchanges. The suspicion arises from traced transactions leading back to wallets associated with Sun. Among these wallets, the one with the partial address ‘TWGHNc’ recently withdrew a massive 500 million USDT in Tether from HTX, formerly Huobi. Another wallet, ‘0x7a95’, has also attracted attention due to its closely timed transactions wi

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Crypto ETP 2021 Trends: Bull Market Levels Reached due to Unprecedented Inflows

Crypto ETP 2021 Trends: Bull Market Levels Reached due to Unprecedented Inflows

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The crypto-asset market is undergoing a dramatic rise, with crypto ETP 2021 trends indicating a historic inflow into crypto-based exchange-traded products (ETPs). This development has resulted in a remarkable surge in their collective assets under management (AUM) to figures evocative of the 2021 bull market peak, as reported by CoinShares. Currently, the AUM of crypto investment products is a staggering $67 billion, a peak not reached since December 2021. The extraordinary growth in AUM can be

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Coinbase Crypto Exchange: Market Unlikely to be Impacted by Genesis' GBTC Sell-off

Bitcoin Coinbase Crypto Exchange: Market Unlikely to be Impacted by Genesis’ GBTC Sell-off

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Despite market apprehension, Bitcoin Coinbase Crypto Exchange, a prominent player in the crypto world, anticipates that Genesis’ approved GBTC sell-off won’t shake the crypto market. Genesis, a bankrupted crypto lending company, has received the go-ahead to liquidate approximately $1.3 billion GBTC, causing concern for a potential Bitcoin price drop. However, the bitcoin coinbase crypto exchange asserts that majority of the funds will stay within the crypto ecosystem, thus, mitigating possible e

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: WorldCoins Token Growth: User Base Exceeds 1 Million with a 186% Rise

WorldCoins Token Growth: User Base Exceeds 1 Million with a 186% Rise

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WorldCoins token, spearheaded by OpenAI CEO Sam Altman, has experienced an impressive surge of over 186% within a week, coinciding with its daily user count exceeding one million. This substantial WorldCoins token growth has taken place despite the controversies and regulatory concerns related to the project. The WorldCoins’ application, ‘World App’, has marked a significant milestone with its user base jumping from 100,000 to over a million since November last year. Alongside this user growth,

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Price Analysis Cryptocurrency: Bitcoin ETF Demand Soars, But $52,000 Resistance Looms

Price Analysis Cryptocurrency: Bitcoin ETF Demand Soars, But $52,000 Resistance Looms

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Bitcoin’s price has recently experienced a hefty surge, crossing the $52,000 mark. This sharp increase reflects a vigorous demand for Bitcoin exchange-traded funds, which, as per CryptoQuant, make up over 75% of fresh Bitcoin investments. Yet, the price analysis cryptocurrency indicates a potential resistance around the $52,000 mark, hinting at an imminently saturated market. While it’s difficult to pinpoint when this surge will climax, history has taught us that every euphoric period in the cry

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: MercureDAO: Pioneering the Web3 Incubation Revolution

MercureDAO: Pioneering the Web3 Incubation Revolution

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Leading the Web3 incubation revolution, MercureDAO has emerged as a premier Web3 Incubator, dedicated to steering crypto initiatives to triumph. With a track record of incubating over 30 projects, raising $20 million, and establishing a network of more than 600 influential leaders over seven years, they’ve carved a niche in the blockchain arena. They offer holistic services that include project incubation, marketing, mentorship, access to capital, and community management. Their expert team deli

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin Mining Difficulty Skyrockets Ahead of Imminent Halving Event

Bitcoin Mining Difficulty Skyrockets Ahead of Imminent Halving Event

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The impending fourth Bitcoin halving event has triggered an over 8% increase in Bitcoin mining difficulty, recording a new all-time high. This alteration, which adjusts every 2,016 blocks according to miner count, maintains the block production ratio as more miners join. Despite cryptocurrency restrictions in China and a bear market in 2022 and 2023, the Bitcoin mining difficulty has quadrupled since February 2021, exceeding 81T. This surge indicates the steadfastness of the Bitcoin network, par

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: The Astonishing Sora OpenAI Model: Crafting Realistic Videos Like Never Before

The Astonishing Sora OpenAI Model: Crafting Realistic Videos Like Never Before

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The Sora OpenAI model has captivated the digital world with its groundbreaking capability to fabricate incredibly lifelike videos, even though it has yet to be fully launched. Unveiled by artificial intelligence organization OpenAI, Sora marks the debut of the first-ever text-to-video model, which has been widely acclaimed since its revelation on February 15th. The Sora OpenAI model stands out due to its ability to create complex videos from basic textual cues, augment existing footage, and even

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bittorrent Chain Research: Unveiling a New Phase of Cross-chain Integration and Scalability

Bittorrent Chain Research: Unveiling a New Phase of Cross-chain Integration and Scalability

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CoinMarketCap Research recently disclosed an in-depth analysis on the Bittorrent Chain (BTTC), an innovative, EVM-compatible, proof-of-stake layer-2 chain, born from a partnership between TRON and BitTorrent. Utilizing BitTorrent’s extensive user base and TRON’s proficiency in blockchain technology, the BTTC aims to rectify scalability issues and bolster interoperability among blockchains, marking a significant advancement in the Bittorrent Chain research. The BTTC Bridge, a key component of the

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Bitcoin ETF Inflows Soar, Outdoing Initial Month of Trade

Bitcoin ETF Inflows Soar, Outdoing Initial Month of Trade

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In the past few days, an impressive surge has been observed in Bitcoin ETF Inflows, accumulating over $2.2 billion. This amount exceeds the total accumulated during the initial month of trading. This sudden influx is seen by market observers as a major propellant for Bitcoin’s rally, which has driven its price past the $52,000 threshold. Notably, ten spot Bitcoin ETFs have experienced increased interest, drawing in 43,300 Bitcoin within a mere four days. This is significant as it previously took

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Ethereum ETH Price Ascends: A Consequence of Expanding Investor Enthusiasm and Fruitful Network Enhancements

Ethereum ETH Price Ascends: A Consequence of Expanding Investor Enthusiasm and Fruitful Network Enhancements

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The Ethereum ETH price rise is a burning issue in today’s cryptocurrency market. Ethereum’s value has experienced a noteworthy surge, with a rally of over 27% between January 24 and February 14, trading near the $2,800 mark. This Ethereum ETH price rise reflects the optimistic trend of Bitcoin, which recently surpassed the $52,000 range for the first time in more than two years. The cause of this Ethereum ETH price rise can be credited to a few key elements. A boost in staking and escalating ins

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Get your cryptocurrency news & events at cryptogeni.us! Image used for post: Cryptocurrency Investment Revolution: The Impact of Bitcoin ETFs Approval

Cryptocurrency Investment Revolution: The Impact of Bitcoin ETFs Approval

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On February 13, a total of eight Bitcoin ETFs recorded daily inflows of 12,073 BTC, an equivalent of roughly $590 million, with the iShares from BlackRock taking the lead. Concurrently, outflows from Grayscale experienced a decline, slowing to 1,147 BTC or approximately $56 million. The Bitcoin ETFs approval has definitively impacted the market, with brands such as BlackRock’s iShares and Fidelity’s FBTC at the forefront. These entities added 7,497 BTC ($366.5M) and 3,039 BTC ($148.5M) respectiv

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