Category: Cryptocurrency

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.

See more

Europe’s AI vision: safe, innovative and human.

Today nearly 1,000 attendees from industry, civil society and academia are meeting to begin drafting the first Code of Practice for general-purpose AI models.

From transparency to copyright, they’ll help detail the AI Act rules ↓

— European Commission (@EU_Commission) September 30, 2024

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.

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)

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.

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.

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.

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’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.

Stepping into Blockchain Validation

Worldpay, a powerful merchant service, and a global payment giant, has finally decided to debut in blockchain validation. This company for the first time will directly validate, review, and verify Blockchain transactions. Worldpay intends to enhance its knowledge about how digital ledger works and provide a safe and more secure environment for all blockchain enthusiasts.

How Worldpay Will Operate as a Validator

Worldpay has till now acted as this huge industrial giant that used to power businesses of all sizes to make, take, and manage all payments. However, now it has decided to venture into the deep dark forest of Blockchain. Worldpay is currently in discussion with various blockchains to become a validator. To fulfill this role WorldPay has to monitor and verify transactions as well as ensure the accuracy of the digital ledger. Worldpay has already processed $1.3 billion in stablecoin transactions, a rising trend compared to 2023.

A New Chapter in Worldpay’s Crypto Journey

This initiative by Worldpay clearly shows their intention to position themselves at the center of the blockchain ecosystem. This move reflects their broader ambition to be at the frontline of the digital market enhancing both customer trust, security as well as technological capabilities.

Summary

Russian hackers are sneaking into your devices and stealing your personal stuff using fake AI sites.

See more

#threatreport #HighCompleteness
FIN7 hosting honeypot domains with malicious AI DeepNude Generators – New Silent Push research | 02-10-2024
Source: https://t.co/WWMIW6IaM7
Key details below ↓ pic.twitter.com/m2eHvp9ld8

— RST Cloud (@rst_cloud) October 4, 2024

According to a recent report, Russian hackers are using fake AI sites as a trap to steal crypto wallet details. Cybersecurity firm suspects this to be the work of FIN7, the famous hacking group. The AI sites unknowingly download malware into your device.

Malware like RedLine and Lumma Stealer is designed to collect login credentials and other sensitive information including one’s crypto wallet details. By luring users into their fake AI site they install this malware into their PC, giving direct access to their personal information.

Zach Edwards, a senior analyst at Silent Push, explains that the majority of people targeted in this scam are tech-savvy individuals interested in AI tools. The hackers have cleverly disguised these sites to look legit by making effective use of Search Engine Optimization (SEO) and professional website design. Most of these websites promise deepfake nude images, which is directly connected to a Dropbox link which obviously doesn’t work and leaves the user with only malware on their devices. Some examples of such sites include “aiNude.ai”, “easynude.website” and “nude-ai. pro”.

FIN7 has a long history of hacking and and financial fraud, they are connected to several ransomware gangs, including DarkSide and BlackMatter. Although many of these sites have been taken down, experts warn anyone who interacted with them to consider whether their data is safe.

Summary

This past September hackers have managed to steal over $120 million from some big profiles on cryptocurrency platforms. Peckshield verified more than 20 incidents occurring during the month. The hackers are targeting both centralized and decentralized platforms.

See more

#PeckShieldAlert September 2024 saw 20+ hacks in the crypto space, leading to ~$120.23 million in losses. (Note: The $32.4 million worth of $spWETH drained in a Permit signature #phishing is not included)#Top 10 Hacks in September 2024:#BingX: $44 million#Penpie: $27 million… pic.twitter.com/t2YuvIds6u

— PeckShieldAlert (@PeckShieldAlert) October 1, 2024

The biggest damage by hackers in September was dealt to BingX, a Singapore-based exchange that lost about $44 million in a single incident. Penpie, a decentralized finance protocol also suffered a $27 million breach, making it 2nd most damaged entity by crypto hackers. Indodax, a leading cryptocurrency exchange in Indonesia, also suffered about $21million breach. These three represent a significant amount of losses the crypto community had to bear because of hacking.

Many other platforms, such as DeltaPrime, Truflation, Shezmu, Onyx, BananaGun, Bedrock, Cut, etc. were hacked, totaling up to $28 million which makes the overall hacked money well over $120 million. Despite the growing popularity of DeFi, it has become a major target for cybercriminals due to their insufficient security protocols. Most of the platforms hacked are from Asia, it seems that the hackers have found a way to exploit security gaps in the region’s rapidly growing crypto markets.

With September’s hacking, the total amount stolen in 2024 has reached a huge amount of $409 million. These incidents raise serious concerns about the security of the crypto market, casting doubt on its reliability and safety for investors.