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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), Gala (GALA), 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 tweet s would increase after FTX posted about the token on social media, which it said raises questions about whether FTX or Alameda Research...

Can ChatGPT, the AI tool developed by OpenAI, revolutionize the landscape of cryptocurrency trading with its advanced language model and analytical capabilities? As Twitter, Instagram and TikTok users scroll through their feeds, reels and stories, compelling posts can catch their eye. Many of these posts claim that ChatGPT can turn anyone into a trading genius if offered the right prompts. Curiosity piqued, users are diving deeper into ChatGPT, an artificial intelligence (AI) phenomenon disrupting our society, technology, finance and even our very existence. Can ChatGPT really help everyone become a trading wizard? That’s where things get intriguing. Automated cryptocurrency trading with ChatGPT ChatGPT is not an ordinary tool but a language model powered by cutting-edge natural language processing (NLP) technology. While its versatility extends to language-based tasks, analytics and content, its application in cryptocurrency trading is equally attractive. Cryptocurrency traders can u...