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.

Render vs. Theta: Why Millennials Are Betting Big on Digital Art Over Decentralized Video Platforms

On a recent survey done by Bitpanda shows that millenials and gen z are diving on the adoption of cryptocurrencies all over the world. Therefore, any crypto appealing to them have a high chance of booming in the crypto space. Considering that, what do you think of Render and Theta? Which of these is favorite among the millenials?

Render Network is for crypto enthusiasts who are involved in digital art and 3D content creation. It relies on GPU network, connecting anyone looking to monetize their idle GPU cycles with those who need it.  Since GPU tech is a rapidly expanding market , Render has a lot going for it. Render hit its all time high price of $12 in last March. However Render is only at $5.72 now, with limited potential since GPU space is starting to intensify.

About Theta, it is a Layer1 blockchain  and decentralized infrastructure for Video, AI & Entertainment use cases was launched more than half a decade ago. It recently expanded its reach by collaborating with huge institutions. But since a price boom three years ago, Theta has mostly struggled. It is just $1.29 today falling harshly from its all time high of $13. Even the successful year for ERC20 tokens couldn’t save theta, it barely got anywhere close to its ATH. People suspect it might be because it was ahead of its time, as decentralized industry is yet to be developed.

Regarding this, we can conclude that in recent times Render seems more appealing to the Millenials than Theta. Gaming and video editing is more mainstream than ever in modern days and people constantly want to invest on things on trend thereby securing a stable market for Render. Meanwhile Theta is certain to bounce back as decentralized infrastructure evolves.

OpenAI expands globally: Singapore is next

OpenAI, the most popular AI research organization is expanding globally setting Singapore its next target. OpenAI seeks for skilled engineers to hire in order to build a team in Singapore. Reportedly, OpenAI is aiming to work closely with local government, businesses and organizations in Singapore.

Oliver Jay has been appointed as Managing Director of International, where he will see OpenAI’s global expansion from Singapore. The company is committed to developing Singapore’s local AI ecosystem. It plans to work together with government partners such as the Economic Development Board (EDB) in order to create an AI enabled future for all. OpenAI wishes to build products that may take up to $1M using open data that reflects the immense cultural diversity of Southeast Asia.

This is just a small part of OpenAI’s global expansion run. Alongside Singapore, they plan to open factory in Brussels, Seattle and Paris meanwhile they are getting growing demands in San Francisco, London, Dublin and Tokyo. This shows how OpenAI is close to taking over the AI world.

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

A global investment management firm Vaneck has announced the launch of staggering $30M early-stage venture fund for startups of fintech, crypto and AI startups. This initiative is known as Vaneck Ventures. The fund’s main concern is to support companies in pre-seed and seed stages, continuing the firm’s strategy of investing in transformative markets. The firm is going to invest in 25 to 35 startups, with cheque sizes ranging from $500K to a million. Its focus is fixated on supporting companies that develop technologies such as blockchain and tokenized assets.

As per reports, Vaneck Ventures has already invested in four companies with details yet to be announced. The firm being backed by industry veterans Wyatt Lonergan and Juan Lopez sets the fund in a better position and is able to make use of their extensive experience in fintech and crypto ventures.

Vaneck is known for its early investments in gold and bitcoin and now it ventures into Artificial Intelligence (AI), financial technology (fintech) and cryptocurrency. This convergence is seen as the driving force behind the next wave of financial innovation.

Truflation launches AI index to track generative AI

Truflation is a blockchain based project project that collects economic data from various sources in order to provide accurate information about inflation of goods and services. It is a project that uses blockchain technology and a DePin network (called the Truflation Stream Network, or TSN) to collate accurate, real-world economic data.

With the growing advancement in AI, truflation launched its own AI index designed especially to track generative AI crypto performance. The global generative AI market is currently valued at $44.89 billion and if it keep continuing the way it does it is speculated to reach whopping $1.3 trillion by 2032.

Stefan Rust, the CEO of Truflation, said that the index targets investors who seek growth by leveraging real time data and diversifying across core asset classes. The AI Index consists of six companies namely, Artificial S-Intelligence Alliance, Akash Network, AIOZ Network, Bittensor, Echelon Prime, and Render. It will serve as a benchmark for both traditional and decentralized finance problems.

The main concern of Truflaiton index is to provide users with accurate pricing details for real-world assets and ultimately helping them make informed decisions. It utilizes decentralized data feeds, indexes and oracles, which are key components of decentralized finance. With over 80 data partners and and more than 20 million items being tracked, Truflation provides accurate information. Furthermore, it also helps track inflation in major countries like UK,US and Argentina.

Therefore, the launch for AI index is set to help investors get a definitive idea on what to invest on.

Texas Residents Sue Marathon Digital Over Bitcoin Mining Noise

Residents of Granbury, Texas, have filed a lawsuit against crypro mining company Marathon Digital, accusing the company of severe noise pollution and serious health risks. The lawsuit, filed in Texas State Court, claims the persistant noise from Marathon Bitcoin Mining facility to cause serious health issues, such as migraines, tinnitus, hearing loss and vertigo.

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Seeking Legal Action

The lawsuit demands permanent halt to the excessive noise from mining operation. Rodrigo Cantú, a senior attorney at Earthjustice, stated that residents’ home are not peaceful anymore. He then urged Marathon Digital to immediately take a step to address this noise pollution.

Marathon has tried to Block to the noise by building a 24-foot sound barrier, but residents argue that the barrier is still ineffective.

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24-Foot Sound Barrier

Texas: A Crypto Mining Hub

Since, China banned crypto mining operations in 2021, Texas has become a favourable place for Cryptocurrency mining. This state’s cheap electricity and favourable regularions have attracted major mining companies which includes Marathon Digital.

However, the rapid growth of mining operations in the state has sparked concerns about its impact on the power grid. Increasing electricity cost with increasing Health complaints have raised questions about large scale crypto mining projects on local communities.

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Artificial Superintelligence Alliance (FET) vs Memecoin Yeti Ouro

Summary

A new crypto like Yeti Ouro has challenged the already established FET. Yeti is a meme coin that focuses on play-to-earn games that target a younger audience while FET focuses more on technical side such as AI and machine learning that targets developers and businesses.

FET: A Pioneer in AI and Blockchain 

FET is a decentralized platform focused on artificial intelligence and machine learning. It currently trading at $1.68 USD, which is short of a 2% rally in the last 24 hours. With a trading volume of $314,808,396 USD within the same period, FED holds a market capitalization of $4,244,871,634 USD. 

The Artificial Superintelligence Alliance hopes to create a network of autonomous economic agents that can interact and transact with each other, revolutionizing various industries. FET has been at the forefront of AI-powered blockchain solutions and has garnered significant attention within the crypto community.

YETIO Looking to Take Over the Meme Coin World

Yeti Ouro (YETIO) is a relatively new meme coin that has quickly gained attention. YETIO offers a unique value proposition with its Play-to-Earn (P2E) gaming ecosystem. Yeti Go, the new project game, aims to provide users with a fun and engaging experience while also offering opportunities to earn rewards.

The emergence of YETIO poses a potential challenge to FET’s dominance in the AI and blockchain space. While FET has a strong foundation and a proven track record, YETIO’s focus on gaming and its potential to attract a wider audience could disrupt the market dynamics.

While FET mainly targets developers and enterprises, YETIO aims to appeal to a younger and broader audience including gamers and memecoin enthusiasts.

The competition between FET and YETIO highlights the fascinating nature of the cryptocurrency market. While FET has established itself as a leader in AI and blockchain, YETIO’s unique approach to appeal to the masses could disrupt the status quo.

$CUDOS joins Artificial Superintelligence Alliance (ASI)

Summary

$CUDOS hops in with Artificial Superintelligence Alliance. This collaboration is expected to create a massive outburst in $FET tokens, making it even more powerful by bringing thousands of AI GPUS into the ecosystem.

The collaboration between ASI and $CUDOS signifies an important development in the decentralized AI landscape. With $CUDOS, there are now four decentralized AI projects joining ASI. CUDOS will integrate its distributed AI computing power into the alliance, contributing thousands of AI GPUs (Graphics Processing Units) to the ecosystem. This increase in computational power is aimed at advancing towards Artificial General Intelligence (AGI) and Artificial Superintelligence (ASI), which refer to automatic systems that outperform humans in virtually every economically valuable work.

The announcement states that $CUDOS tokens will merge into the $FET ecosystem at a conversion ratio of 112.427 CUDOS to 1 FET. This suggests that the holders of $CUDOS will need to convert their tokens into $FET tokens, integrating their coins into a larger ecosystem. It is very cost-efficient as $CUDOS is known for its ability to provide premium AI hardware through its cloud infrastructure as 50% of the cost compared to centralized providers like Amazon Web Services (AWS).

The move aims to enhance the ASI Alliance’s mission to decentralize and scale AI innovations globally, which could lead to significant advancements in various fields such as healthcare, finance, logistics, and more. The migration of $CUDOS to $FET is now live, and users can migrate their tokens via the SingularityDAO platform. This step facilitates the integration of CUDOS holders into the FET ecosystem.

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.

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.

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