What is Genie AI? – Blockchain.News

Genie AI stands at the forefront of artificial intelligence, integrating advanced chatbot capabilities with OpenAI’s ChatGPT and GPT-4, offering users a versatile digital assistant. Introduction to Genie AI Genie AI is an avant-garde AI chatbot that harnesses the capabilities of OpenAI’s ChatGPT and GPT-4, offering a plethora of functionalities, from generating creative content to providing expert advice across various domains. The service, provided by AppNation, is redefining user interaction with AI, making it more accessible and functional for everyday tasks and professional assistance. Innovative Features of Genie AI Genie AI…

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Grayscale CEO Michael Sonnenshein Says Pent-Up Demand for Bitcoin Driving BTC Price Following ETF Launch

The chief executive of crypto investment firm Grayscale says that repressed demand for Bitcoin (BTC) is driving up its price after BTC exchange-traded funds (ETFs) were approved in January. In a new interview with CNBC Television, Grayscale CEO Michael Sonnenshein says demand that had been kept in check before the approval of the BTC ETFs is now serving as fuel for Bitcoin rallies. “A lot of pent-up demand based on the spot Bitcoin ETFs is coming to market. GBTC (Grayscale Bitcoin Trust) uplisted in January of this year and that…

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Binance Launches $60,000 Ethereum Promotion Ahead of Major Dencun Upgrade

Ahead of Ethereum’s major Dencun upgrade, Binance has launched a trading promotion with $60,000 in rewards for users who trade ETH and other ecosystem tokens. Binance has announced a promotion with $60,000 in rewards for trading Ethereum and related tokens ahead of the major Dencun network upgrade. The promotion runs from March 1st to March 13th and has two components – one focused on Ethereum ecosystem spot trading, and another for trading specific low cap assets. For the first promotion, users who trade a minimum of $3,500 equivalent volume on…

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Two Crypto Projects Will Likely Outperform the Market This Coming Cycle: Pantera Capital Analysts

Analysts at crypto hedge fund Pantera Capital are naming two altcoin projects they’re optimistic about for the bull run. In its latest Blockchain Letter, Pantera analysts Cosmo Jiang and Erik Lowe say they are looking for crypto projects that are gaining fundamental traction. “Tokens [with] underlying protocols that have product market fit, are guided by strong management teams, and have a path to sustainable unit economics will perform best in the coming cycle.” The analysts first mention Stacks (STX), a project that aims to help scale Bitcoin (BTC) and bring…

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Bitcoin Sees Record Inflows into Accumulation Addresses Despite Overheating Signals

Bitcoin has seen record inflows into accumulation addresses indicating strong demand, however on-chain analysts warn the rapid price rise has led to an overheated bull market with risks of selling by miners and traders. Bitcoin has seen massive inflows into accumulation addresses, signalling record high demand according to on-chain analyst Julio Moreno. However, some indicators also suggest the Bitcoin market is in an overheated phase. Accumulation addresses are wallets that only receive BTC and never spend – indicating investors are buying and holding Bitcoin. According to Moreno, inflows into these…

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Blow-Off Top? Legendary Trader Peter Brandt Weighs In on Bitcoin After BTC Rises Nearly 50% in a Month

Veteran trader Peter Brandt, who gained legendary status after calling the 2017 Bitcoin (BTC) collapse, is looking at the crypto king’s history to determine whether its multi-month bull run is over. Brandt tells his 719,800 followers on the social media platform X that he thinks Bitcoin’s bull market is just getting started after BTC surged by about 45% last month. According to the seasoned trader, Bitcoin’s last monthly candle is similar to the one witnessed in late 2020 when BTC soared above its previous all-time high of $20,000. “Should note…

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