Bitcoin News

The study also questioned whether FTX or Alameda had any role in coordinating Twitter bot activity for its own gain. Crypto-spouting Twitter bots could be playing a much larger role in artificially inflating the price of altcoins than previously understood, a new study has suggested. Using a sample of various FTX-listed cryptocurrencies in a study published Aug. 2, the Network Contagion Research Institute (NCRI) said it analyzed over 3 million tweets posted between Jan. 1, 2019, to Jan. 27, 2023, surrounding 18 altcoins. The study found that Twitter bot activity played a crucial role in amplifying the value of these cryptocurrencies, including The Sandbox SAND tickers down $0.41, Gala GALA tickers down $0.02, Gods Unchained (GODS) and LooksRare (LOOKS), with half of the coins showing signs of price influence as a result of tweet bot activity. It also found that these inauthentic tweets would increase after FTX posted about the token on social media, which it said raises question...

  The market is waiting for the Fed’s next move, or clarity around an ETF, say analysts By  Sam Reynolds ,  James Rubin Jul 26, 2023 at 4:22 a.m. Updated Jul 26, 2023 at 1:57 p.m. Bitcoin daily price chart (CoinDesk Indices) Bitcoin (BTC) and ether (ETH) were mimicking the dullness of traditional finance ahead of Wednesday’s key FOMC rate decision during the Asia trading day. The world’s largest digital asset changed virtual hands at $29,213  according to CoinDesk data , while  ether moved at $1,853 as east Asia's day came to a close. A big breakout isn’t going to come until the Fed changes course on rate decisions, or the Securities and Exchange Commission approves a bitcoin ETF, say analysts. Bitcoin zoomed above $30,000 about a month ago after finance giant BlackRock's application for a bitcoin ETF spurred speculation this – if the world's largest asset manager wins regulatory approval – could funnel large amounts of money from conventional investors int...