SingularityNET and Filecoin collaborate to integrate decentralized AI and DePIN, emphasizing ethical AI development and decentralized infrastructure.
John Wingate of BankSocial and Azeem Khan of Morph tell The Agenda podcast how crypto and blockchain can make the world a better, more equitable place.
Valdi allows customers to use available GPU compute cycles in data centers across the world.
CleanSpark’s CEO Zach Bradford said his firm has set its sights on increasing future hash rate instead of branching out to alternative revenue streams.
Apple will receive an observer role on OpenAI’s board as part of an earlier agreement with the firm, Bloomberg said on July 2. Apple Fellow Phil Schiller, who heads the company’s App Store, manages product launch events, and formerly headed company marketing, will take the board position. Schiller’s role as observer means that he can […]
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Cardano founder Charles Hoskinson has raised the alarm over the implications of artificial intelligence (AI) censorship, coinciding with crypto exchange Robinhood’s recent acquisition of AI-powered investment advice platform Pluto. According to Bloomberg, the move aims to bring tailored investment strategies and analytics to Robinhood’s retail brokerage users. Still, Hoskinson’s concerns shed light on the potential […]
Other terms that went unmentioned were cryptocurrency, blockchain, central bank digital currency, deepfake and election security.
Criminals are using deep fakes more than ever, causing $79.1 billion in losses since 2022.
The Bank for International Settlements (BIS) has called on central banks to embrace artificial intelligence (AI) in anticipation of its significant impact on the economy and financial system. In a pre-released chapter of its upcoming Annual Economic Report for 2024, the BIS emphasized that the widespread adoption of AI could affect inflation trends and urged […]
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The AI-linked token sector has risen 14% in the past 24 hours, data shows, outperforming other sectors.
Amid an overall market downtrend, crypto assets based on artificial intelligence (AI) have exhibited substantial gains, fueled by the AI frenzy permeating the traditional finance and crypto markets. This surge has been further augmented by the continuous rally of tech company Nvidia, which recently claimed the world’s most valuable company title, with its soaring share price reaching an all-time high. Fetch.ai Rides Nvidia’s Success Nvidia’s stock, now valued at $3.34 trillion, has nearly doubled in price since the beginning of the year, surpassing the likes of tech giants Microsoft and Apple. This rise has been attributed to Nvidia’s dominance in providing the essential chips required for artificial intelligence, often called the “new gold or oil in the tech sector” by analysts. Amidst these developments, AI-based crypto tokens have emerged as outperformers, overshadowing major cryptocurrencies that have experienced a sharp price correction led by Bitcoin (BTC). According to data from CoinGecko, notable gainers among AI tokens include Fetch.ai (FET), Singularity Net (AGIX), and Ocean Protocol (OCEAN), with gains of 24%, 23.5%, and 22%, respectively, within the past 24 hours alone. Related Reading: Ethereum Price To Hit $10,000, ‘Just The Way The Chips Have Fallen,’ Analyst Says On the one hand, FET experienced a significant recovery and broke its downtrend following a substantial price correction that brought it down to $1.10. Despite being down over 58% from its all-time high of $3.45 in March, blockchain research firm House of Chimera highlights potential real-world use cases for Fetch.ai. For instance, FET’s autonomous agents can optimize logistics by analyzing and predicting optimal routes, thereby reducing costs and improving delivery times. With the growing interest in AI applications in the industry and traditional finance, FET’s AI algorithms analyzing large datasets may lead to further price increases in the coming months. Currently, FET is trading at $1.44 with a market capitalization of $3.6 billion. Long-Term Potential For AI-Based Crypto Tokens Similarly, Singularity Net’s native token AGIX has followed a similar trajectory to FET, reaching a high of $1.46 in March but currently trading 58% lower at $0.6018. However, the underlying uses of the protocol, centered around the creation and monetization of AI services through its AI marketplace, suggest the potential for significant gains and investor interest in the long term. The native token of Ocean Protocol, OCEAN, also displays price actions comparable to those of AGIX and FET. Currently trading at $0.6094, OCEAN has witnessed a trading volume increase of over 20% in the last 24 hours. The protocol’s open-source model aims to facilitate the exchange and monetization of data and data-based services, with notable applications such as running AI-powered prediction bots or trading bots on crypto price feeds. Related Reading: Whales Dump Over $1 Billion In Bitcoin: Fire Sale Or Foreshadowing? Ultimately, Chris Penrose, the global head of business development for telco at Nvidia, firmly believes in future price gains for the entire AI sector, which will further adoption of crypto AI-based tokens. Penrose expressed utmost confidence in the transformative power of generative AI, emphasizing that investors have barely scratched the surface of its impact on businesses worldwide. Wedbush Securities, a renowned financial firm, echoed this sentiment by predicting an intense race in the tech sector. Nvidia, Apple, and Microsoft vied for a significant $4 trillion market cap in the upcoming year. Featured image from DALL-E, chart from TradingView.com
TiTok AI, a new method for efficient onchain image compression, could be a useful tool for blockchain applications.
Meta said it will delay the launch and training of its AI assistant in Europe following a request from the Irish Data Protection Commission (DPC). According to a June 10 statement, the regulator asked Meta to postpone large language model (LLM) training involving public content adults share on Facebook and Instagram. The Irish DPC acts […]
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XYO co-founder Markus Levin argues that DePINs can make AI more trustworthy, empower users and businesses alike, and usher in blockchain mass adoption.
The fusion of artificial intelligence (AI) and blockchain technology has captivated the crypto market, propelling the introduction of new tokens and their subsequent listings on prominent exchanges like Binance. Interestingly, Binance recently published an updated article exploring the synergy between blockchain and AI, underscoring the potential of combining these two technologies. Crypto analysts known as “Crypto Symbiote” confidently predict that this emerging trend and increased acceptance of AI will result in 10 AI-related tokens experiencing significant price surges, with the potential for gains ranging from 10x to an astonishing 100x. After analyzing approximately 500 similar projects, “Crypto Symbiote” handpicked the top 10 AI tokens poised for exponential growth. Related Reading: Bitcoin Price Crashes Below $67,000: Key Reasons AI-Related Tokens Poised For Major Growth Omni Network (OMNI): OMNI is an Ethereum-native protocol that facilitates rapid communication between Ethereum rollups. According to the analyst, unifying Ethereum as a single operating system provides a comprehensive learning, development, and operations environment. Given its use cases, this could increase its prospects for further price growth. OMNI is currently trading at $15, with a market cap of $163 million. Numerai (NMR): Numerai presents a data science competition where participants build machine learning models to predict the stock market using obfuscated financial data. Stakeholders can earn or lose based on the performance of their models. With a current price of $24, NMR commands a market cap of $168 million. SSV Network (SSV): SSV is a decentralized Ethereum staking network using Secret Shared Validator (SSV) technology. This approach splits validator keys into multiple KeyShares, allowing for fault-tolerant and non-custodial staking across multiple nodes. With a price of $36, SSV is one of the most popular AI tokens, and it has a market cap of $278 million. From Crypto Web3 Domains To AI Monetization Space ID Protocol (ID): SPACE ID serves as a universal name service network, providing a comprehensive platform for discovering, registering, trading, and managing web3 domains. Its offerings include a multi-chain name service, software development kit (SDK), and application programming interface (API) for developers. ID is currently valued at $0.6, with a market cap of $279 million. Golem Project (GLM): Golem is a decentralized platform that facilitates the sharing and access of computational resources. Users can share their unused computing power or utilize additional resources, with the GLM token facilitating transactions between providers and requestors. Priced at $0.44, GLM boasts a market cap of $445 million. AltLayer (ALT): AltLayer is a decentralized protocol designed to enhance rollups’ security, decentralization, and interoperability. With a current price of $0.29, ALT’s market cap stands at $449 million. NFPrompt (NFP): NFPrompt introduces a Web3 tool that enables users to monetize AI-generated content. Leveraging blockchain technology provides verifiable ownership of AI art, empowering users to express their creativity and profit from it. Priced at $0.43, NFP holds a market cap of $110 million. Related Reading: Ethereum Buying Pressure Reaches Critical Level Amid Massive Whale Buying Ultimately, the crypto analyst firmly believes that these selected AI tokens possess tremendous growth potential due to their underlying technology, potential for widespread adoption, and current undervaluation. However, investors must conduct thorough research and exercise caution when making investment decisions. Featured image from DALL-E, chart from TradingView.com
Ahmad Shadid stepped down as CEO of the Solana-based DePIN Protocol io.net on Sunday. The decision came two days before the launch of io.net’s token, IO. As a result, the crypto community was skeptical of the decision and the former CEO’s past. Related Reading: If Ethereum Fails, Blame The ‘ETH Elite’, Not Solana: Industry Leader […]
Tokens of Render, Fetch.ai, SingularityNET and Bittensor slumped 3%-5% despite mostly flat bitcoin and broader crypto prices.
Artificial Intelligence (AI) is increasingly being used to commit crimes in the crypto asset ecosystem, according to a new report from Elliptic. AI-crypto crimes The report noted that criminals increasingly relied on Generative AI to create deepfakes and other deceptive materials to promote crypto scams. According to the firm: “Doctored videos – or ‘deepfakes’ – […]
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“This is not a fake, this is a real giveaway. I personally guarantee it to you,” one of 35 deepfake versions of Elon Musk promised.
Google released a new policy working paper on June 4 titled “Generative AI and Privacy,” emphasizing the critical need for privacy protections in the development and deployment of artificial intelligence (AI) technologies. The paper, authored by Google’s Global Director of Privacy Safety and Security Policy, Kate Charlet, outlines the company’s approach to embedding privacy safeguards […]
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Core Scientific has entered into a significant 12-year agreement with CoreWeave, an AI hyperscaler backed by Nvidia, to provide approximately 200 megawatts (MW) of infrastructure for high-performance computing (HPC) services. This strategic move is expected to generate over $3.5 billion in total cumulative revenue for Core Scientific during the initial contract term, with an estimated […]
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Core Scientific signs a 12-year contract with AI company CoreWeave, expected to yield over $3.5 billion in revenue.
The post Bitcoin miner Core Scientific signs major deal with Nvidia-backed firm CoreWeave, targets $3.5B in revenue appeared first on Crypto Briefing.
A new survey reveals that 72% of organizations have adopted AI in at least one area as of March 2024, according to a new survey conducted by McKinsey on May 30. Meanwhile, roughly 50% of all respondents said that their organizations adopted AI in two or more business functions. Each metric is up from 55% […]
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The three AI platforms will complete their token merger on June 13, and the FET token will be renamed ASI two days before.
Artificial intelligence firm xAI has secured $6 billion in a Series B funding round, according to a May 27 statement. Elon Musk, the company’s founder, revealed that its pre-money valuation was $18 billion, meaning this latest funding round boosted its valuation to $24 billion—a significant milestone considering the firm launched just 11 months ago, in […]
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The semiconductor giant plans to accelerate its AI chip production cycle following a bumper revenue report driven by AI data centers.
FET, RNDR, TAO and AGIX gained even as the broader market benchmark CoinDesk 20 Index saw a slight decline during the day.
This week in the crypto market is marked by critical events and strategic developments that promise to influence trends and investor sentiment significantly. Here is an in-depth analysis of the most anticipated cryptocurrencies and their upcoming milestones. #1 US Spot Ethereum ETF Deadline Looms The United States Securities and Exchange Commission (SEC) faces pivotal deadlines […]
AGIX is one of the leading AI tokens in the crypto space with a total supply of 2 billion, and a total trading volume of over $105 million, which is over 11% down in the last 24 hours. For over two days, the price of AGIX has been holding strong above the 100-day Simple Moving Average (SMA). The token which has been on a downward ally for quite some days, is showing some signs of price reversal and if this happens a change of direction might occur and the price of AGIX will start a new movement upward. As of the time of writing, AGIX was trading around $0.98817 above the 100-day simple moving average, about 1.68% up in the last 24 hours. Currently, there are two main resistance levels of $0.99038 and $1.04237 and two main support levels of $0.82620 and $0.75779, respectively. Technical Indicators Suggest Upward Rally For AGIX 4-Hour MACD: A technical look at the MACD indicator from the 4-hour timeframe, the MACD histograms are trending above the zero line, and both the MACD line and the Signal line have crossed and are trending above the MACD zero line, indicating a bullish trend. This can be seen in the below image. 4-Hour RSI: The formation of the Relative Strength Index (RSI) in the above image also suggests that the price of AGIX is bullish as the RSI signal line is seen trending above the 50% level. This indicates that buyers are active in the market therefore overpowering the strength of sellers. Alligator Indicator on the 4-hour timeframe: A look at the alligator indicator from the 4-hour time frame shows that the price is trading above the alligator lines as the alligator lip and teeth have both successfully crossed above the alligator jaw, suggesting that the price might continue to move in an upward direction. Support And Resistance Levels To Break Conclusively, the price of AGIX is currently trading around the $0.99038 resistance level and if it manages to break above this level, AGIX’s price will continue to move further toward the $1.04237 resistance level and if it breaks above this level, an upward trend might begin. However, should the price of AGIX fail to break these resistance levels, it will reverse and start a downward movement toward its previous support level of $0.82620. If it manages to break below this support level, the price might move further to test the $0.75779 support level. Featured image from X, chart from Tradingview.com