Category: Bittensor

Bittensor is a decentralized network protocol that allows the creation and management of machine learning models. It aims to incentivize the development and sharing of AI models on a blockchain-based platform.

In this section, we cover news, tutorials, and in-depth articles about Bittensor, including how the protocol works, use cases, developments in the AI and blockchain space, and opportunities within the Bittensor ecosystem.

3 Reasons xBTC Could Be Bitcoin’s Best DeFi Move Yet

OKX Just Gave Bitcoin a Whole New Life with xBTC

Let’s be real—Bitcoin has been the king of store-of-value, but when it comes to DeFi? It’s been pretty much sidelined. No smart contracts, no yield farming, no on-chain action. OKX just changed that.

xbtc

Meet xBTC, a new wrapped version of Bitcoin that works on Solana, Sui, and Aptos. Here’s the kicker: every xBTC token is backed 1:1 by actual BTC sitting in OKX’s custody. So you’re not giving up your Bitcoin—you’re upgrading it.

How does it work? You deposit your Bitcoin, and OKX mints xBTC on-chain. Then, you’re free to use that xBTC like any other token—swap it, lend it, farm with it, or stack it as collateral. The big win? Zero minting or burning fees. Just pay your regular gas and you’re good.

Worried about whether it’s really backed? OKX has live proof-of-reserves, so you can verify the real BTC at any time. No sketchy accounting, no trust games. This isn’t another wrapped-token rug waiting to happen.

xBTC is launching on three of the fastest, cheapest chains in the game—Solana, Sui, and Aptos. OKX says more chains are coming. So yeah, Bitcoin is finally getting a seat at the DeFi table.

If you’re a BTC holder who’s tired of just HODLing and watching DeFi pass you by, this might be your move.

You might like: $BONK on the Brink: Whales Spark Devastating Sell-Off – 50% Retracement Ahead!

DCG Unveils Yuma: Pioneering Decentralized AI with Bittensor Revolution

DCG has launched Yuma to back startups building on Bittensor’s decentralized AI network. It is led by Barry Silbert, Yuma offers funding, tools, and expertise to create innovative AI projects. As a top Bittensor validator, it supports AI subnets like text tools and fintech, pushing crypto-AI collabs with TAO at the core.

DCG, short for Digital Currency Group is an international investment firm. It is the forefront of blockchain and cryptocurrency innovation. It basically operates as a key player in the digital asset ecosystem by supporting mainstream groundbreaking technologies and startups. By investing in companies and projects that shape the future of blockchain and crypto, DCG continues to automate the adoption of decentralized technologies worldwide quickly. This firm recently launched its Yuma project which is set to change the landscape of decentralized AI.

What is Yuma?

Yuma is basically a subsidiary launched by Digital Currency Group (DCG) to accelerate innovation in decentralized artificial intelligence. Its main focus is to enable startups and enterprises to build projects on Bittensor, a decentralized AI network. It will act both as a research hub and a development partner by providing funding, infrastructure, and technical expertise to empower developers in creating AI-driven applications.

It will benefit DCG in numerous ways, which includes accelerating overall innovation, validating and developing subnets, supporting AI development, and offering creative incentives.

Read more: Meme Coins Push Solana to Record Revenue Heights


Bittensor’s TAO Soars with Major Gains and Trading Volume Spike: What’s Next?

Summary

Bittensor has been popping off lately, getting heights by jumping up to 7.12% in a matter of just 24 hours and leaving every other AI altcoins in the dust. TAO’s trading volume has also been overflowing as it has almost shot up by a whopping 104.58%. This has brought major hype regarding this coin.

Bittensor has taken crypto market scene by a storm after its token, known has TAO rose its trading volume by a staggering 104%. With the already increasing crypto market with Bitcoin (BTC) reaching heights like $71,500 as of writing, TAO is also making huge progress. This overall upswing of the market have also benefitted other AI altcoins but Bittensor just stands out with what it has managed to achieve.

Just in the last 24 hour, TAO managed to rise by over 7.1%. At the time of writing, TAO’s is priced at $544 after its 7% increase. Its overall trading volume surged by 104.58%. It makes the average volume $211 million in a day, this milestone has not been reached by most other AI altcoins. This proves Bittensor is on a constant upward rise lately. In comparison, other altcoins like Injective (INJ) rose by 6.53% and even Near Protocol (NEAR) rose by just 5.84%. Other altcoins like Artificial Superintelligence Alliance  and Internet computer also show similar results. Hence we can conclude that this upswing has benefitted Bittensor the most, and it has also further increased investor favorability for AI-themed coins.

Therefore, with such positive rise and being backed by heavy investors, the alt-coin is sure to get more gains. If this condition continues, it will retake the $584 resistance level.

Read more about: AI Altcoins Ready For Comeback in Q4 Surge

Bittensor Unveils Smart Contracts with Full Ethereum Integration

Summary

Bittensor now has Ethereum compatibility, letting developers use Ethereum- based smart contracts on its AI powered blockchain. They also launched the Bittensor EVM Testnet, blending AI with DeFi for the first time.

Ethereum Compatibility has been successfully brought by decentralized AI network, Bittensor through Opentensor Foundation. It will allow developers deploy and interact with Ethereum- based smart contracts on subtensor blockchain by combining AI and traditional decentralized finance (DeFi). Additionally, the launch of Bittensor EVM Testnet on Metamask was also launched.

This upgrade was initially teased at a public talk at Token2049 by Opentensor Foundation, since then this upgrade was highly anticipated by the holders. Bittensor TAO token has more than doubled from $293 to $673 since Sept 15. However, TAO has retraced since and is currently holding at a price of $592.24. It has a 24 hour trading volume of around $141,876,845 and a total market cap of $4,357,275,100. This shows it is no where near backing off from the big market scene.

Daniel Cheung from Syncracy Capital is saying that he expects the Bittensor network to experience a big boost in economic activity soon. Furthermore, he expressed his beliefs in Bittensor potentially becoming top blockchain Layer-1 in the near future. People believe, the addition of EVM compatibility and smart contracts on Bittensor is a significant milestone, as it allows for a more interconnected DeFi ecosystem. TAO is also one of the most booming AI crypto currencies recently.

Unstoppable Bittensor ($TAO) Spikes Near $600 From $220 In 18 Days

Sep 24, 2024

In this article [ Gen-Z Summary ]

Bittensor ($TAO) is blowing up, hitting almost $600, partly due to Grayscale hyping it up and getting institutional attention.

Bittensor ($TAO) was trading at $220 on Sep 6th, 2024; today, it almost touched $600. Why is $TAO price spiking? Is Bittensor the best AI crypto project? Is Bittensor unstoppable?

Bittensor spikes from 220 to 600 Bitmala

One of the reasons for Bittensor’s spike is Grayscale Bittensor Trust. This backing has fueled institutional interests in Bittensor.

Screenshot 2024 09 24 at 9.21.10 AM Bitmala

Grayscale is shilling $TAO regularly on the X platform (previously twitter).

When big players are involved, retailers and crypto degens are obviously attracted.

Bittensor is a blockchain that incentivizes digital commodities. Generating quality AI outputs rewards people with $TAO token. Anyone can join Bittensor to create a subnet (to run AI models), to join as a miner and validator. Miners complete requested tasks of validators and validators weigh the miner to reach consensus.

Bittensor is unique with its Yuma consensus. Bittensor has fixed 21m supply cap. Bittensor has halvings. Bittensor has token recycling. Bittensor has a vibe like Bitcoin. What Bitcoin is to Money, Bittensor is to AI.

Marketcap of decentralized $TAO is $4.1 billion USD at $550 while close-sourced OpenAI is valued at $150b. Can we expect $TAO at 4 digit price?

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Bittensor $TAO Reaches New High; Market Analysts Predict Continued Uptrend

3rd September 2024,Wyoming

Bittensor (TAO) is all up with a new high of $516, with a 13% jump and surpassing the $500 mark. Over the past month, $TAO’s value has surged pushing its market cap to over $3 billion. The rise is loved with growing excitement around Biitensor’s decentralized AI technology.

Analysts are optimistic about BIttensor’s future. They are predicting that its value could keep rising with the use of AI technology. Market analysts also caution people that future trend depends on continued integration and the market conditions.

 While it has a noticeable uptrend, they are also suggesting that further price changes are shaped by how well the project meets the expectation in evolving AI and crypto sectors.

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