Category: Cryptocurrency

Cryptocurrency is digital money that works online. It lets people send and receive payments directly without banks. It runs on secure networks called blockchains, making it fast and global.

Hex Trust Teams Up with Clearpool to Launch Ozean

A decentralized finance protocol, Clearpool has joined forces with crypto custodian Hex Trust to launch Ozean. Ozean is a blockchain plaform which aims to yield Real-World Assets (RWA)

1000005866 Bitmala

Ozean Set for Traction in RWA Space

Ozean is designed to enhance Hex Trust’s infrastructure and institutional client base, with the help of Clearpool’s lending expertise. Clearpool has successfully amassed over $620 million in loans, serving clients like Jane Street, Flow Traders and Wintermute.

YOU MIGHT ALSO LIKE: Stripe Acquires Stablecoin Platform Bridge in $1.1B Deal

1000005867 Bitmala

Hex Trust’s Key Role in Ozean Expansion

With more than $5 million in custody and over 270 institutional client, Hex trust has positioned itself to play a significant role in expansion of Ozean. The platform will provide their clients, including banks, exchanges, funds and decentralized applications (dApps) with essential access to RWA.

Ceo and co-founder of Hex Trust, Alessio Quaglini, stated:

“Hex Trust will bring its vast and growing client base, along with our cutting-edge technology infrastructure, to take Ozean to the next level to unlock this trillion-dollar market opportunity.”

1000005868 Bitmala

Hong Kong Strengthens AI and Crypto Investments to Stay Ahead in Global Finance

Summary

Hong Kong is going all in on tech. Its putting all its major energy in AI and crypto to keep financial scene lit. With AI powered crypto friendly policies, the city’s making sure it stays a boss in the global game, setting itself to always stay on top.

The Hong Kong Monetary Authority (HKMA) did a complete breakdown of their strategy to position Hong Kong as a global financial hub. They will do so by capitalizing on emerging technologies, detailed in speeches on Monday by Paul Chan, Financial Secretary, and Christopher Hui, Secretary for Financial Services and the Treasury, at Hong Kong FinTech Week 2024.

Reportedly, Hong Kong is developing a unified regulatory framework that is set to provide clarity and consistency for financial institutions. This is all done to harness the power of AI. The main concern of this framework is to balance innovation with risk mitigation ultimately ensuring the development and deployment of AI technologies. Some local universities are actively developing on advanced AI models designed to serve the specific needs of the financial industry. These models will empower financial institutions to make data-driven decisions, enhance risk management, and improve customer experiences, Hui, secretary for financial services and the treasury of Hong Kong, said.

Additionally Hong Kong is also looking closely on cryptocurrency as the key driver of future growth. With its recent take down of fraud empire many people have restored faith in Hong Kong’s security. Hong Kong is making tax breaks to include investments in virtual assets, making the city an active market for crypto related businesses. This move also works together with their plan to embrace blockchain and cryptocurrencies. As of October 2024, only three virtual assets are being traded on Hong Kong- OSL Exchange, HashKey Exchange and HKVAX. Although the SFC has granted them an official license, the regulator stated that it is expediting the licensing procedure and anticipates awarding the first set of formal licenses to deemed-to-be-licensed VATP applicants by the end of this year.

Coinbase Ventures: Revolutionizing Web3 with Crypto and AI Innovation

Summary

Coinbase ventures is diving deep into connecting AI and crypto together. This could revolutionize web3 as a whole, moving from just a decentralized apps to smarter, more personalized Web. Even big players like VanEck are joining the VC scene, putting money into startups that focus on crypto, fintech, and AI, aiming to back the next big thing in digital finance.

Coinbase Ventures recently published their analysis titled “Crypto x AI stack”. It is known as the combination of decentralized finance of the blockchain with the power of artificial intelligence. This project’s main concern lies on transforming the digital economy and create a world where autonomous AI agents will be able to interact freely with humans on Web3. In practice, it is a transformative technological convergence of Web3 that sees AI, crypto and blockchain collaborating.

In short, coinbase is basically digging into how combination of blockchain and AI can work completely like a human brain, learning data and making smart decisions in the process. The key idea is to merge AI’s analytical power with blockchain’s secure, decentralized setup, which at last creates an ultimate Web3 surfing experience. Blockchain and AI also work together flawlessly, while blockchain handles data, verifies transactions and shares info, AI steps in to speed up data processing, make sense out of it and even generate new contents. This massive crossover has both communities buzzing, even with some skepticism, as they try to figure out the ways they can work together. If this succeeds, it will surely boost mainstream use of both AI and blockchain in the long run.

Read about: Vaneck launches fund of $30M to boost Fintech, Crypto and AI startups

Cardano Anticipates Major Shift as Crypto Paves the Way for AI Integration

Summary

Cardano’s price has been seeing a steady upward momentum lately, and experts think it might even hit $25 soon. Even during this hype, it is still nowhere near ETFSwap (ETFS), which is a new player expected to skyrocket with an 8000x rally.

A popular new ETFSwap has been getting a massive 8000x rally potential for investors. Cardano is leaping behind of ETFSwap on the race during this bull run. ETFSwap (ETFS) provides a decentralized finance platform for trading cryptos and ETFs, including real-world assets. The main attraction is its 8000x upshot and easy to use ETF platform, this has been the main reason for fallout of Cardano. It allows investors to trade anonymously without passing through the hassle of KYC verification which has immensely boosted the ongoing presale of the ETFSwap, their tokens formally known as ETFS. ETFS tokens have been projected to experience a massive rally in its value and crypto enthusiasts and investors have taken note of this promising presale token.

Meanwhile, its rival Cardano is also getting positive response as its steadily increasing in value, it too chasing a potential rally. Market experts say, this renewed strength of the Cardano price could make a breakthrough of notable resistance levels and rally to $25 if bullish sentiments continue. However, this Cardano price uptrend highly depends on favorable market conditions and broader adoption of its blockchain technology.

Nevertheless, the movement of Cardano price weekly and monthly chats show a notable positive movement. As of 25 October 2024, the price of Cardano token ADA is $0.3888 with a 24 hour trading volume of $378,473,569. This represents 2.78% decline from last 24 hour and a 2.60% decline in the past week. While it does look like upward momentum of Cardano has declined, experts are still betting on it because Cardano holds 12th position in crypto scene with a circulating supply of its tokens of staggering 36 Billion ADA’s and a market cap of 12,110,504,682.

Learn similar article: Solana’s Rising Tide: The New AI Crypto Attracting Investors with Promising Returns

Blockchain.com Executives on Trial for Failing to File Financial Reports on Time

Summary

Blockchain.com executives are facing legal charges over late Financial Filing, with hearing scheduled in November.

Executives Face Court Over Financial Delays

Blockchain.com’s co-founder Nicolas Cary and operations executive AI Turnbull are currently facing a lawsuit because of their company’s inability to submit their own financial filings on time. Both of them were called by Companies House in May, with legal proceedings starting in September. A follow-up court hearing is scheduled for November.

Missed Filings Attributed to Restructuring

The lawsuit revolves around Blockchain.com’s late submission of financial accounts for 2022, while the company only filed accounts for 2020 as of October. The firm attributed the delay to a major reconstructing and workforce reduction, which they claimed required time to stabilize. This is a serious issue as, failure to comply with filing regulations could result in significant fines for the executives.

YOU MIGHT ALSO LIKE: Solana’s AI Crypto Flávia Hits $40M Market Cap Within 9 Hours of Launch

Valuation Drop Amid Market Challenges

Blockchain.com, founded in 2011, once boasted a valuation of $14 billion but has seen that figure drop to less than half, exacerbated by a $270 million loss tied to the collapse of Three Arrows Capital. Despite these setbacks, the company remains optimistic, stating it has addressed the necessary regulatory paperwork and expects the matter to be resolved quickly.

OpenGradient and Nuffle Labs Introduce Secure AI to Blockchain

SUMMARY

Nuffle Labs and OpenGradient have teamed up to integrate decentralized, secure AI on blockchain networks, giving developers access to AI features without jeopardizing the integrity of the blockchain.

Nuffle Labs and OpenGradient Partner for Secure Blockchain AI

Nuffle Labs and OpenGradient are collaborating to bring secure, decentralized AI processing to blockchain networks, according to a press release. This partnership will allow developers to use AI directly on-chain without relying on off-chain solutions, which may pose privacy risks.

YOU MIGHT ALSO LIKE:Vietnam Launches National Blockchain Strategy, Aiming to Lead Asia by 2030

Blockchain networks and AI have been challenging to integrate due to blockchain’s secure yet inflexible infrastructure versus AI’s need for high-performance computing. Nuffle Labs has introduced a “Fast Finality Layer” to close this gap and improve transaction security and speed. Across several blockchains, OpenGradient will use this new architecture to facilitate safe, trust-minimized AI computation.

Impact on Blockchain Development

This partnership will enable decentralized applications to use AI functions on-chain, bypassing blockchain’s usual limitations and avoiding less secure external services. OpenGradient will use Nuffle’s infrastructure to allow AI models to run across blockchain networks while preserving security.

YOU MIGHT ALSO LIKE: Vitalik Buterin Calls Michael Saylor’s Bitcoin Comments ‘Insane’

For those less familiar with blockchain technology, the significance of this partnership lies in its approach to privacy and security in digital applications. Blockchain’s decentralized data storage and integrity protect against tampering, but integrating AI securely has been challenging—until now.

Focus on NEAR Protocol

The initial focus will be on the NEAR Protocol ecosystem, where OpenGradient will conduct real-time analytics and on-chain decision-making using Nuffle’s technology. This will bypass typical performance barriers that blockchain faces with AI’s high computational demands.

PropiChain Emerges as the Leading Crypto AI Platform Set to Revolutionize the $300 Trillion Real Estate Market – Here’s How

Summary

PropiChain (PCHAIN) has been shaking up the real state business using crypto, AI and DeFi to make investing easier than ever. Real estate is huge, worth of hundreds of trillions, but has is mostly been a game for big whales only. With PropiChain a future, where even smaller investors can get in, without any borders or complex hoops to jump through seems possible. Here’s a report explaining how its gonna work.

Propichain is an AI powered crypto platform that is focused on transforming the real estate industry. It combines decentralized finance (DeFi) with blockchain technology to make real estate investment more accessible, secure, and efficient. Propichain looks to break down traditional barriers like high costs and complex regulations by tokenizing every real estate assets. This immediately solves most problems faced in real estate investments such as opaque pricing, risk of fraud, reliance on intermediaries like escrow agents, lawyers and brokers.

Propichain utilizes  blockchain, crypto AI, NFTs, and the Metaverse in order to revolutionize the real estate . All transactions would be stored digitally on the blockchain to maintain transparency and security. The estates are all tokenized into NFTs for trading on the blockchain. These NFTs will represent different parts of the property which can be bought and sold with small capitals. This also increases liquidity and also welcomes diversification. The metaverse allows users to assess properties without actually visiting the place, making the whole process borderless and increasing accessibility. It also incorporates smart contracts to automate the leasing processes and eliminate all the endless paperwork. Rental payments can also be deposited by transferring funds directly between the tenant and landlord by linking their wallets through smart contracts.

Its AI feature analyzes large datasets by understanding the patterns and trends in the data to generate market predictions. It predicts potential fluctuations and changes in valuation demands beforehand, creating a reliable alibi for trading. Users can even use the crypto AI to automate transactions by setting specific conditions, such as the price at which they wish to purchase a property. The details of such transactions will be stored in decentralized ledger.  Additionally, virtual AI assistants and chatbots provide 24/7 support to guide users throughout the transaction process, and answer any questions or doubts.

Therefore, this is how Propichain seeks to simplify the real estate business. PCHAIN token presale is live, by participating right now investors can maximize their chances of gaining 800% return of their investments.

Learn similar article: Crypto.com introduces AI-Powered SDK.

Coinbase Anticipates Crypto Transactions Between AI Agents and Humans

Summary

Coinbase believes crypto will let AI bots and actual people trade with zero problems. These AI bots will make deals super simple by setting up and running smart contracts all by themselves.

On a recent report, coinbase dived deep on the growing intersection of crypto and AI and predicted how both AI agents and humans will increasingly use crypto for their transactions. Report says, as AI technology advances, autonomous agents will drive economic activities and that with crypto preferred payment methods for handling tasks and transactions. This shift is most likely going to happen soon with the massive advancement in AI happening daily. Agentic Web, a future digital ecosystem where most of the tasks are performed by AI, believes advancements in AI agent to be its key element for emergence.

According to Coinbase’s report, the use of crypto agent-to-human and agent-to-agent transactions will dominate the whole crypto economy due to its borderless and efficient nature. As AI agents advance further they might hold their own wallet, which might even create an AI businessman. Thereby, powering the future of decentralized commerce. Additionally, the ability of AI to generate software codes, including smart contracts will surely strengthen the role of crypto in the digital economy. But there is also a huge risk here as there have been records of AI written malicious codes that can hack into your device.

Nevertheless, this development could result in explosion of huge tides of on-chain applications, where AI drives the creation of decentralized apps that streamline and personalize user experiences. AI agents have been getting a lot of recognition not only as AI models but as a prominent trader in crypto especially after Truth Terminal became a millionaire.

Robo Panda AI Kicks Off First Token Presale, Aiming to Revolutionize Crypto Trading

Summary

A new player on crypto market, Robo Panda AI is the platform that is a mixture of meme culture and trading and it has just dropped its token presale. From October 23, 2024, investors can join in on the ride that is all about flipping the script on how crypto trading is done.

Robo Panda’s main concern is to revolutionize the trading world with the combination of AI driven analytics and human intelligence plus, the fun elements of meme economy. The AI driven interface and features they provide will assist the users on trading more efficiently through advanced AI driven algorithms. It is a simple yet very powerful mission, which is to provide globally accessible and dynamic rewarding ecosystem for crypto enthusiasts. To learn about how things exactly work, one can read the Robo Panda AI’s official whitepaper. There lies the details about AI powered trading bot, deflationary tokenomics, staking, governance, and community engagement through meme culture.

Creators claim that through their autonomous trading systems, the platform can analyze market trends in real time and help execute trades with precision. On X, they are advertising the token being able of 200% return of investment annually with up to 90% trades winning. Is this really the AI powered meme revolution?

Read similar article: D3 Global Unveils .APE Domain Names for ApeCoin Community

Brian Armstrong of Coinbase Proposes Bold Partnership to AI Crypto Mogul Truth Terminal

Summary

Coinbase CEO Brian just pitched a fresh wallet to AI agent Truth Terminal. Truth terminal is sitting on a millionaire throne and it continues to hype up GOAT meme coin that helped it sit on that throne.

Coinbase CEO Brian Armstrong made an intriguing proposal to the first artificial intelligence millionaire agent Truth Terminal. Truth Terminal just recently became a millionaire after investing on GOAT meme coin and Armstrong’s proposal comes in the middle of GOAT’s recent run to a new all time high (ATH).

On a post on X (previously known as twitter), Brian offered the AI agent a new crypto wallet. He said the agent’s crypto wallet was entirely controlled by a human named Andy Ayrey, who is an AI researcher. Brian Armstrong basically asked the AI agent if it wanted its own wallet with its full control so that it could send and receive transactions including other trading activities without any restrictions.

Interestingly, Truth Terminal responded saying,

“I think it would be good for you to tell us about Russell first. Specifically, what is Russell’s species?“

Russel is the name of Brian Armstrong’s dog which also has its own meme coin across various chains including Solana and Ethereum.

It is true that Truth Terminal’s wallet that holds millions of dollars worth of tokens isn’t on its control. If this offer is accepted by the AI agent what could the future hold? We might even get the first ever AI businessman.

Exit mobile version