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’ – […]
The post AI used for crypto crimes on the rise, Elliptic warns appeared first on CryptoSlate.
“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 […]
The post Google publishes new policy paper emphasizing privacy in AI development appeared first on CryptoSlate.
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 […]
The post Core Scientific inks $3.5B AI deal with CoreWeave to diversify beyond bitcoin mining appeared first on CryptoSlate.
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% […]
The post Nearly three-quarters of organizations now use AI, breaking adoption stagnancy: McKinsey appeared first on CryptoSlate.
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 […]
The post Elon Musk’s xAI leaps to $24 billion valuation with $6 billion funding round appeared first on CryptoSlate.
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
The crypto market is 5.1% up today, with a total market capitalization of $2.3 trillion. The recent pump has propelled different sectors, with memecoins being 9% up and Artificial Intelligence (AI) tokens increasing 11.2% in the last 24 hours. Related Reading: Crypto Analyst Shares Top AI Altcoin Investments This Month Fetch.AI (FET) is at the forefront of the AI sector with its remarkable 14.5% increase in the past day. Some analysts foresee a bullish breakout for the token soon. Are AI Tokens Taking The Lead? As reported by NewsBTC, many market experts consider Artificial intelligence tokens a contender for the cycle’s biggest narrative in round 2. Alex Wacy said the artificial intelligence industry is “on the brink of a multi-trillion-dollar boom” due to the increasing interest over the last year. As a result, the analyst considers the sector could create a market valued in the trillions, reaching $2 trillion by 2030. This week, AI tokens have performed strongly. Altcoin Sherpa pointed out that the sector is “looking decent overall,” with tokens like Arweave (AR), Ocean Protocol (OCEAN), and Fetch.ai performing the best. Renowned traded Daan Crypto considers the AI sector to be “bouncing the strongest” on this new market move, while memecoins seem to be the “weakest.” The trader shared his thoughts on Fetch.AI’s recent performance. Daan highlighted the token’s attempt to break above the diagonal trendline. Per the chart, FET is testing the diagonal resistance, with the $2.35 mark being the first resistance level to reclaim. A breakout above this level could be a “good start to a further trend change.” Moreover, the token broke “above the 4H 200MA/EMA already.” Per the trader, FET would need to test the $2.5 mark and remain above the $2.35 price range to “break the trend and head higher over the next couple of weeks.” Similarly, crypto trader Scient considers the token consolidating inside a one-day ascending bullish triangle. His chart highlights the $2.12 mark as support for the diagonal trendline. He forecasted a deviation below the trendline “towards 1D 100EMA” before reclaiming the $2.12 price range and moving back inside the triangle. If a retest and confirmation of the trendline reclaim occurred, the trader suggested he “would long it.” Analysts Forecast $4 For FET Crypto analyst World of Charts identified a “textbook” bullish pennant pattern on FET’s chart. The analyst expects an upside breakout soon, potentially leading to a 2x bullish wave. If the breakout is successful, the token’s price could move above the $4 price range. $Fet Formed Text Book Bullish Pennant Expecting Upside Breakout Soon Expecting 2x Bullish Wave Incase Of Successful Breakout #Crypto #Fet #Fetchai pic.twitter.com/Y3c0pqNFgN — World Of Charts (@WorldOfCharts1) May 15, 2024 Moreover, CryptoBoss seems to concur with this forecast. The trader shared a similar chart, signaling a possible breakout that could drive the token to double its price. In the post, he stated, “$FET 4$ exe loading…” Related Reading: By The Numbers: Over 1 Million New Crypto Tokens Launched Since April In the past 24 hours, the token has surged an impressive 14.5%, going from $2.04 to hover between the $2.3-$2.32 price range. This increase represents 7.5% and 13.2% in the weekly and monthly timeframes. Similarly, FET has seen a rise in market activity. Its daily trading volume increased by 102%, with $354.2 million traded on the last day. Featured Image from Pexels.com, Chart from TradingView.com
Illya Sutskever said he’s leaving OpenAI for a “personally meaningful” project, and research director Jakub Pachocki is now taking over the role.
Many crypto projects have integrated AI as part of their everyday routine since the introduction of LLMs last year.
The Web3 and AI firm Giza plans to bring autonomous bots onto Starknet by the end of June.
The market is down, but the bull run isn't over. When it resumes running upward, some things are going to run a little more than others.
The entertainment-focused Hyperchain aims to provide a robust infrastructure for gaming, AI and SocialFi-related protocols.
The CEO of the Foresight Institute, a speaker at Consensus 2024, says there are three key areas where cryptographic technologies can improve artificial intelligence systems.
Patterns of illicit activity involving groups of bitcoin nodes and chains of transactions are described in a research paper by Elliptic and MIT-IBM Watson AI Lab.
According to the latest data from web analytics firm StatCounter, Google’s share of the North American search market has fallen to its lowest point since 2009, with Bing and Yahoo making notable gains. As of April 2024, Google’s share is 79.89%, while Bing and Yahoo have captured 11.86% and 6.33% of the market, respectively. The […]
The post Google US market share drops below 80%, lowest since 2009 as Bing AI usage spikes appeared first on CryptoSlate.
Tether, the largest company in the digital asset industry, has announced a strategic investment of $200 million into Blackrock Neurotech, a leading pioneer in Brain-Computer-Interface (BCI) technology. This significant move marks the unveiling of Tether’s new venture division, Tether Evo, which CEO Paolo Ardoino describes as “the ultimate pillar of its long-term vision and strategy.” […]
The post Tether invests $200 million to reach ‘ultimate’ goal of putting computers in people’s brain appeared first on CryptoSlate.
The cryptocurrency world is abuzz with speculation after a deep learning model projected a dramatic price increase for Bitcoin (BTC) within the next month. However, despite the AI’s bullish outlook, financial experts urge investors to approach the prediction with a healthy dose of skepticism. Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat Bitcoin Price Stagnant, But AI Model Foresees Bright Future For the past week, Bitcoin has been stuck in a holding pattern, hovering stubbornly around the $64,000 mark. This lack of volatility has left many investors scratching their heads, unsure of the market’s next move. But a deep learning model developed by CryptoQuant, a leading blockchain analytics platform, has thrown a curveball into the mix. Source: CryptoQuant The model, trained on a massive dataset of historical price movements and on-chain activity, predicts a significant price surge for Bitcoin in the coming weeks. According to the analysis, Bitcoin could break past the $77,000 barrier within the next 30 days, marking a new all-time high (ATH). Bullish Metrics Support AI’s Vision While the AI’s prediction is certainly eye-catching, some analysts are taking a wait-and-see approach. They point to several bullish metrics that seem to align with the model’s forecast. The network-to-value (NVT) ratio, a metric used to gauge an asset’s relative valuation, has dipped significantly, suggesting Bitcoin might be undervalued. Source: Alternative.me Additionally, exchange reserves have been dropping, indicating a decrease in selling pressure. These factors, coupled with the model’s prediction, paint a potentially optimistic picture for Bitcoin’s immediate future. However, a lurking shadow of uncertainty remains. The Fear and Greed Index, a measure of investor sentiment in the cryptocurrency market, currently sits firmly in “greed” territory. Historically, periods of extreme greed have often been followed by market corrections. This raises concerns that the current price stagnation might not be a prelude to a surge, but rather a sign of an overheated market ripe for a pullback. Bitcoin is now trading at $62.850. Chart: TradingView Stalemate Before Potential Breakout? Technical analysis of Bitcoin’s daily chart reveals further complexities. The price has repeatedly failed to breach its 20-day Simple Moving Average (SMA), a key indicator of short-term momentum. Both the Chaikin Money Flow (CMF) and Relative Strength Index (RSI) are hovering sideways, suggesting a lack of clear direction in the market. These indicators imply that investors might be in for a few more days of sluggish price movement before a potential breakout, either upwards or downwards, occurs. Related Reading: Analysts Call It: XRP Primed For A 700% Surge – Details A Calculated Gamble The deep learning model’s prediction offers a glimmer of hope for Bitcoin bulls, but it’s crucial to remember that AI forecasts are not infallible. The confluence of bullish metrics certainly adds weight to the model’s argument, but the ever-present risk of a market correction fueled by greed cannot be ignored. Featured image from Pixabay, chart from TradingView
Meta announced the launch of Llama 3, the latest version of its large language model (LLM), on April 18, describing it as a “major leap over Llama 2.” The company said it has initially released the first two models of the current version, featuring 8B and 70B parameters, with upcoming models slated to feature 400B […]
The post Meta announces Llama 3, launches dedicated AI web portal appeared first on CryptoSlate.
a16z just raised $7.2 billion for five of its venture strategies, with $600 million allocated for AI and gaming.
The post a16z raises $7.2B for venture strategies, pushes for AI and Web3 gaming appeared first on Crypto Briefing.
FLock.io, a platform for on-chain decentralized AI model creation, is partnering with DePIN network IO.Net, to enhance its capabilities with decentralized compute power. The projects are joining forces to improve decentralized AI training platforms through advanced decentralized computing. This partnership aims to address the critical vulnerabilities of centralized AI systems by promoting a distributed approach […]
The post FLock to train decentralized AI models with IO Net to reduce centralized privacy risk appeared first on CryptoSlate.
The ASI token merger, uniting Fetch.ai, SingularityNET, and Ocean Protocol, is set to reshape the AI crypto landscape in May.
The post AI tokens FET, AGIX, and OCEAN merger set to go live on May appeared first on Crypto Briefing.
The CEO of Booksie, Sol Nasisi, spoke with Cointelegraph about a future he envisions where blockchain and AI empower authors and work together to reimagine book ownership.