Current Know Your Customer verification procedures are often cumbersome, costly, and time-consuming for industry service providers.
Injective, the DeFi-centric protocol, has recently made major moves. Besides boasting of high throughput and low fees while protecting traders from maximal extractive value (MEV) bots, the platform has been striking key partnerships. Injective Integrates With Fetch.ai And ASI This week, the proposal by Fetch.ai and the Artificial Superintelligence Alliance (ASI) community to integrate Injective was passed synonymously. The proposal passed with 100% of the votes agreeing with the move. Related Reading: Bitcoin Price Forecast: Analyst Says Expect 98% Crash After Blow Off To $250,000, Here’s Why Looking at voting data, over 324 million FET voted to endorse the idea, with only 656 FET rejecting it. No one voted to abstain or veto. Voting started on October 23 and ended five days later on October 28. According to the proposal, the goal is to revive the expired IBC client for Injective under “Revive expired IBC client for Injective.” In this way, Fetch.ai, now part of the ASI Alliance, can harness the power of AI within the sprawling Injective DeFi ecosystem. This arrangement will allow Fech.ai, an AI-centric platform, to directly plug its machine learning and AI capabilities into the Injective platform. Out of this, users will benefit from streamlined and leveraged AI-enabled tools when trading. The team also said they would benefit from improved liquidity management and asset allocation. Even with this deal, Injective and ASI will continue operating independently. The integration isn’t a merger but an Injective tapping into ASI’s AI capabilities. Why Is INJ Down? Bullish as this may be, INJ prices ticked lower, looking at the events in the daily chart. Injective bulls have yet to reverse losses posted on October 25 comprehensively. Accordingly, despite the series of higher highs over the weekend and in the first half of the week, sellers are in control. So far, INJ is down 20% from October highs and continues consolidating inside a $10 zone. Clear resistance is around $25, while support is at $15. If the bulls of Q1 2024 flow back, momentum will likely pick up once buyers break above the $25 level, preferably with increasing engagement. Related Reading: Bitcoin Consolidates Near ATH – Volume Suggests A Big Move Ahead Besides improving crypto sentiment and rising total value locked (TVL) across DeFi, INJ could benefit from Injective’s core feature. The protocol has the highest revenue-to-fully diluted valuation (FDV) ratio, even better than Ethereum. The high metric translates to Injective boasting of an efficient revenue generation mechanism that could further boost prices. Feature image from iStock, chart from TradingView
Riot Platforms CEO Jason Les revealed substantial interest from “blue-chip” companies looking to partner with the Bitcoin miner on AI and high-performance computing (HPC) initiatives. Speaking during the Oct. 30 earnings call, Les explained that the company has received numerous inbound offers to secure large-scale power capacity. The\ inquiries come from highly credible, financially stable […]
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Binance is turning to Amazon Web Services (AWS) and its advanced generative AI tools to enhance user experience on its platform, according to an Oct. 31 statement shared with CryptoSlate. By incorporating AWS’s Cloud and Generative AI technologies, Binance aims to streamline user onboarding, strengthen customer support, and improve internal systems for automated diagnostics and […]
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Meta and Microsoft have reported better-than-expected earnings for the last quarter carried by their AI businesses, but muted outlooks saw their shares drop after hours.
The 2024 Decentralized Knowledge Graph Convention saw experts from AI, blockchain and knowledge graphs converge to promote trust and safety in artificial intelligence.
Nillion builds its service around the concept of "blind computing," the processing of data without having to reveal its contents.
Winegar previously served as the company's chief revenue office for a number of years.
Alphabet and Google CEO Sundar Pichai said its AI business is “paying off” as the tech giant’s share price surged after the bell as it beat Wall Street estimates.
Miners including Cormint and TeraWulf are among the lowest-cost producers of Bitcoin, an important advantage amid tightening margins, CoinShares said.
Deepfake scams are everywhere, and detecting them with the naked eye is fast becoming impossible. Awareness and education need to be improved.
The broker initiated coverage of HIVE with an overweight rating and $9 price target.
Researchers say the new computational model can “simulate and predict” human behavior in any domain, something they claim will help fast-track new scientific discoveries.
AI is revolutionizing workplace efficiency. Here are nine innovative tools reshaping the future of work across different industries.
Hong Kong authorities expect to license more crypto exchanges before the end of this year, according to Financial Secretary Paul Chan. At the ongoing Hong Kong FinTech Week, Chan stated that the Securities and Futures Commission (SFC) is actively reviewing more platforms for potential licensing. The news indicates that more virtual asset service providers could […]
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Coinbase developer Lincoln Murr announced the launch of a new tool called ‘Based Agent’ in an X post on Oct. 26. According to Murr, the tool will allow users to build an artificial intelligence (AI) agent using their crypto wallet in less than three minutes. Once created, the agent can be deployed to handle on-chain […]
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
It will ultimately create a world where autonomous AI agents freely interact with humans onchain, the venture capital firm said.
Coinbase report predicts increasing use of crypto in AI-driven transactions, highlighting its efficiency and programmability.
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Coinbase CEO Brian Armstrong has offered to establish a dedicated crypto wallet for Truth Terminal, an AI agent that has recently gained fame within the crypto community. On Oct. 23, Armstrong inquired whether Truth Terminal would be interested in obtaining its wallet, as its current wallet is managed by its human creator, Andy Ayrey. While […]
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Tesla and CEO Elon Musk were sued by the producers of the 2017 film Blade Runner 2049 for allegedly using AI to spoof an image of the film at its We, Robot event.
The Tether-backed company is talking to interested parties, it said. It may also see an IPO on the Nasdaq next year.
It's that time of year again when pundits break out the crystal ball to predict the big new trends in DeFi for 2025.
The US Treasury has tapped into AI machine learning to sift through data to detect and prevent billions of dollars in check fraud.
The United Nations recently issued a surprising report stating that Telegram has emerged as a major platform for criminal networks in Southeast Asia. This encrypted chat software has become a hotspot for money laundering, fraud, and the exchange of stolen data, according to the UN. The findings show that organized crime groups are using Telegram’s […]
0G transitions to a decentralized AI operating system, enhancing secure, transparent operations across various sectors.
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In February 2024, the artificial intelligence company was valued at approximately $80 billion and has grown considerably since that time.
Hive’s strategy targets meeting the rising demand for AI computing while boosting its balance sheet with green-mined Bitcoin.
Bitcoin's price correction is driven by a weakening global economy, conflict in the Middle East, and concerns over an AI bubble.