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.

AI: Double edged sword

At a recent symposium sponsored by the United States Department of Justice one of the most talked about topics was Artificial Intelligence and how it is a double-edged sword. Representatives from the Criminal Division discussed how artificial intelligence technology can help prevent crimes rising on the development of digital technologies, especially on crypto.

AI was discovered at the conference as a double-edged sword. On one hand, it can enhance security on the other it gives thieves and hackers easier access. Argentieri revealed a brand-new strategy to stop cybercrime using artificial intelligence. It depends on conventional law enforcement and also makes use of technologies to stop, monitor, and stop cybercrime.

Given the distributed character of cryptocurrency, privacy threat is considerably more actual in the crypto space. Crypto and blockchain technology helps transactions to be anonymous, which is sought by criminals. Artificial Intelligence helps in trading by helping users with identifying transactional trends and helping them choose which one to invest in. Therefore, AI has both pros and cons in the crypto market. Recent news on AI-written malware scripts has been circulating the web, this really shows how AI can be more dangerous than useful. On the bright side, AI has helped in the growth of the crypto market significantly and new AI products have made research, video editing, etc. much easier. Therefore, AI is a double-edged sword.

AI tokens are booming

AI crypto continues to captivate investors’ attention with its rising volume in the crypto scene. Driven by machine learning technologies and modern AI has made crypto AI a reliable source to bet on. Over the past week, several AI tokens have seen their trading volume reach unprecedented levels.

Top AI tokens really illustrate the rise of tokens. The performances of RENDER, Bittensor (TAO), and Worldcoin (WLD) have set them as the main players in the AI platform. RENDER weekly trading volume was $2.20 billion, thus placing itself at the top of AI cryptos. However, despite this positiveness, its price dropped by 14.2% that same week. With a market capitalization of $2.8 billion, RENDER still remains a key player but this volatility worries investors about its short-term stability.

Medium-sized AI cryptos like Artificial Superintelligence Alliance (FET) and IO also made headlines. The FET known for its decentralized machine learning saw its volume reach $1.6 billion. However, the asset price fell by 11% making its capitalization $3.5 billion. FET is also actively launching new products and is planning big ideas for the future. Meanwhile, IO, a still-unknown but rapidly developing token, saw its weekly volume settle at $370 million, despite a 14.6% loss of value. It has low capitalization compared to others which hesitates investors into buying it, but some risk-takers have been investing constantly.

The smaller cryptos such as Delysium (AGI), Masa (MASA), Akash Network (AKT), Turbo (TURBO), and TARS AI (TAI) also show huge potential in being big. Especially with TURBO going on a constant increase over the past week and continuing its momentum this week.

Top 4 AI crypto: Potential for Major Growth

Few AI-driven companies are catching the eyes of experts as the next big thing in the market. While Bitcoin holds its place, these four alternatives are poised for explosive growth. These platforms are generating buzz and promising potential of astronomical growth in the upcoming months.

CYBRO

CYBRO token presale surged above $3 million capturing the attention of crypto whales. This cutting-edge DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition. CYBRO tokens are available at a presale price of just $0.03 and experts estimate a return potential of 1200%. This rare, technologically advanced project has already attracted big crypto whales and influencers, indicating strong confidence and interest.

Only 21% of the total tokens are available for presale and almost 80 million have already been sold, this is a key moment for savvy investors to secure a stake in a project that’s truly one in a million.

Fetch.AI

Their project aims to make AI more accessible to everyone using its decentralized network. Fetch.AI helps in various applications like improving DeFi trading, managing transport systems, and enhancing smart energy grids. With their new project coming every month it promises growth over time. Its new collaboration with $CUDOS, NET, and ocean protocol seems to be going well, and together they are set to drive the future of decentralized AI development.

NEAR Protocol

NEAR price analysis shows a rapid rise towards the $5.30 mark. The last 24-hour trading volume reached $478,640,987. With a circulating supply of 1.1 Billion NEAR, the NEAR Protocol is valued at a market cap of $5,677,256,524. Unlike traditional centralized systems, NEAR offers a decentralized approach to data storage. It has bout $20 million in funding from top capital firms. NEAR’s focus on developer support and scalable infrastructure positions it as a promising player in the world of blockchain technology.

Internet Computer

The main concern of ICP is to transform the way we use the internet. Developed by the DFINITY Foundation, it offers a way for decentralized applications to run smoothly and efficiently. It currently holds a price of $8.15 with a trading volume of $153,324,853. It has a total of 470 million ICP circulating and is valued at a market cap of $3,847,731,752. It seems to have declined by 10% over the past week but experts believe this is short-term and ICP could bounce back.

ICP’s innovative vision could reshape how we interact with digital services, offering new possibilities in the world of internet technology.

GPT Protocol and ApeBond create first ever AI focused decentralized exchange (DEX)

The collaboration between two huge AI platforms has come forth with their new creation, the first-ever AI-focused decentralized exchange(DEX) called Neuraswap. This partnership can transform the landscape of AI computing and blockchain technology. It is already set to redefine the intersection of artificial intelligence (AI) and decentralized finance (DeFi) enabling uninterrupted access to AI data and tokenized value.

The main project from this partnership Neuraswap is the industry’s first AI-focused DEX. AI-based companies and protocols can create and trade their tokens on GPT Mainnet. It makes their AI data valuable by turning them into tradable assets through tokenization. Through Neuraswap users are able to access AI data without any permission. This creates a decentralized marketplace where AI data is treated as an asset. DEX also makes it easier to generate value for their AI tokens and supports a more open AI economy.

ApeBond stands tall as the #1 bonding protocol in DeFi providing projects. It communicates with a secure, transparent, and accessible way to raise capital. It is known for its proven track record and continuous growth across multiple blockchain networks. For ApeBond this partnership gives the opportunity to expand its reach into the AI computing space and for GPT this partnership will resolve funding issues allowing Neuraswap to scale and maintain privacy and security for all AI token transactions.

21.co and Crypto.com Join Forces to Boost Wrapped Bitcoin Liquidity

In an important move to enhance liquidity in the cryptocurrency space, 21. co, the parent company of 21shares has announced a tactical partnership with crypto.com. This partnership focuses on improving liquidity and custom solutions for 21. co‘s wrapped tokens, starting with wrapped Bitcoin (21BTC)

Wrapped Bitcoin: Bridging Blockchains

Wrapped tokens like 21BTC allow users to leverage Bitcoin’s market value while utilizing other blockchain ecosystems, particularly Ethereum. This collaboration aims to “wrap” Bitcoin in a Smart Contract, which allows investors to associate with Decentralized Finance (DeFi) that operates on a different blockchain. This partnership brings together the best features of both worlds: the value and trustworthy nature of Bitcoin integrated with the flexibility and functionalities of Ethereum.

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Partnership Details and Benefits

Crypto.com’s vast will be leveraged by this collaboration, which will provide necessary support for 21BTC tokens. This platform also allows competitive fees and advanced trading technology, improving the efficiency of 21.co’s product.

Head of Strategy at 21.co, Eliezer Ndinga expressed the importance of combining 21BTC with crypto.com, stating that it will eventually improve accessibility for investors worldwide.

Ndinga stated:

“Crypto.com is one of the world’s largest digital assets exchanges serving over 100 million users globally. As one of the world’s largest issuers of crypto ETPs, 21.co brings asset management best practices and operational excellence to the world of wrapped assets.”

Looking Ahead:

With a major aim to improve liquidity for wrapped bitcoin, both companies have expressed plans to further expand their partnership. When crypto products are highly demanded, collaboration like this aims to streamline access and enhance liquidity for both retail and industrial traders across the globe.

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By joining forces 21. co and crypto.com are aiming for seamless, efficient, and effective Wrapped Bitcoin. This aims to make the crypto market available to a broader audience.

Vietnamese authorities shut down crypto fraud

Vietnamese authorities shut down a crypto fraud run by a group from Laos. These foreign criminals defrauded victims of tens of billions of dong. Some key Vietnamese suspects trained for this digital deception have been arrested for their roles in this scheme, which included using fake cryptocurrencies to lure victims.

The criminal activities were based on the Golden Triangle Special Economic Zone in Laos’ Bokeo Province. The group especially made romantic approaches to victims and eventually lured them into buying their shady cryptocurrency. Their platform is Biconomynft which is a fake app that promises amazing returns. Over several months, they have reportedly managed to steal 17.6 billion dong from Vietnamese victims.

Scammers use fabricated social media profiles and connect with the victim pretending to be their lover. Once the trust was secured, victims were convinced to invest in their bogus cryptocurrency app. To establish legitimacy small returns were given to them but larger sums were seized and the victim’s accounts were frozen.

The shutdown of this fraud shows how the crypto space is tightening its security. This gives definitive proof of Biconomynft being a scam platform.

EU Drafts Experts for AI code of practice

The European commission is making strict rules for cleaner code of practice for AI developers. European commission appointed 13 experts all around the globe to draft a Code of Practice for General Purpose AI (GPAI) systems which includes popular models like chatGPT.

The group of professionals include PhD holders in AI, professor of civil, commercial and information law, researchers, doctors for medicine research and its application and experts in deep learning. The main goal of this act is to help AI developers obey the AI Act. It will focus on key areas like risk management, transparency, governance etc.

The team is stacked with talented individuals around the world who are trying to create a fair code of practice for developers. The commission will be taking several meeting with various stakeholders such as industry leaders, academics and community groups, by considering such different perspectives this will ensure a more comprehensive code. The drafting is said to be divided into 4 workstreams, each concentrating on a specific aspect of code. The experts aim to complete the Code by April 2025, including revision time. Once, completed this act will ensure ethical use of AI technology.

Bitcoin’s Role in Shaping the Future of DeFi: Why It’s Time to Pay Attention

The world of Decentralized Finance (DeFi) has been dominated by Ethereum, however, Bitcoin is considered to be “digital gold“. With this consideration, a question arises about why isn’t BTC leading DeFi.

Bitcoin: The Undervalued Giant in DeFi

Despite Bitcoin being the most valued and trusted cryptocurrency its use in Decentralized Finance is limited. Ethereum had a design for secure and better smart contracts which gave it an early advantage but with Bitcoin’s technical upgrades, this is starting to change. The introduction of new generation networks like Taproot and The Lightning Network has enhanced Bitcoin’s ability to conduct complex transactions faster, more securely, and at a lower cost. New changes have made Bitcoin sufficient to handle proper Smart Contract and Decentralized Applications (dApps)

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From Digital Gold to DeFi Leader:

Bitcoin has already established itself as a trustworthy and secure blockchain element. However, the belief that Bitcoin only being good for ”holding” is starting to change. With Taproot enhancing Bitcoin’s Smart Contract Capabilities and Lightning enabling near-instant transactions, Bitcoin is now ready to dominate DeFi and become a DeFi Leader. Meanwhile, Ethereum is continuously facing challenges with gas fees and scalability, Bitcoin Offers faster, secure, and cost-effective transactions which puts it in a position to dominate the DeFi space.

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The Uncapped Potential of Crypto’s True Titan:

The progression of Bitcoin technology allows various other DeFi services such as lending, trading, and asset management. More importantly, Bitcoin’s coordination with cross-chain platforms allows a smooth interaction with other assets like ERC-20 tokens and Stacks. Bitcoins ability for handling transactions has already been demonstrated by platforms like Bitfinex, which has integrated the Lightning Network.

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The Future of DeFi is Bitcoin:

As Decentralized Finance (DeFi) continues to expand scalability and security both become really crucial, and Bitcoin offers both. Ethereum struggles with high gas fees and network connections. Bitcoin’s infrastructure is boosted by Layer-2 Blockchains, which emerge as a far superior option in the current context. Bitcoin is expressing its compatibility and interoperability, which makes it ready to lead the next wave of DeFi innovation.

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As the DeFi space evolves, Bitcoin’s usage will also accelerate making its competitors hard to keep up. I think it is time for investors to realize the future potential of BTC.

Pantera Capital’s Fund V to Offer Exclusive Co-Investment Rights

Pantera’s Next Aim Towards Crypto Investing

Pantera Capital is one of the biggest names in the crypto capital investment scene. That’s not all Pantera Capital also gives investors a front-row seat if the said investor has put $25 million or more for further blockchain deals.

A Game-Changer for Big Investors

For those committing $25 million or more, Pantera is offering something unique: the chance to co-invest in top blockchain opportunities, without paying management fees or carried interest. You’ll get access to 10% of all deals valued at over $10 million, including private tokens and venture equity. And while the focus is on big players, smaller investors might still get in on the action, though with a small fee.

Building on Success, Aiming for More

Pantera’s Fund V builds on the firm’s successful strategy of giving investors access to a broad range of blockchain assets. They’re aiming to raise a massive $1 billion, with the first closing in April 2025. For investors who want to be at the cutting edge of blockchain and crypto, this fund offers a unique and promising opportunity.

SWIFT’s Dive into Digital Finance

SWIFT Goes Digital

SWIFT will trial live transactions through the use of digital currencies and tokenized assets in 2025. This pushes human civilization one step further towards bringing the integration of digital banking and traditional banking together. With the whole world changing and people relying more and more on digital mediums for transactions, SWIFT aims to form a bridge between these two finance systems/

SWIFT CONDUCTING LIVE TRIAL TRANSACTIONS FROM 2025

Why Tokenized Assets Need Both Payment and Delivery

Banks as well as asset managers have been trying to use blockchain elements for faster and cheaper trading experiences. The difficulty they faced was with facilitating both tokenized assets as well as a secure payment system. This new platform formed by SWIFT aims to conduct real-life transactions in the traditional banking space.

Further Challenges

This project is widely appreciated but there are people who have their doubts. Not everyone is jumping on digital currency yet. While most countries are applauding the idea some have their doubts like Sweden, which is holding back due to regulatory and technical concerns. SWIFT’s trial is a light sparked in the right direction but the destination is still not clear as there’s still a long way before everyone starts using digital currencies in everyday finance.

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