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Flare from Google Cloud Offers Cheap Blockchain Nodes

In conclusion, Web3 developers can now easily and economically install blockchain nodes with Flare Network’s Blockchain Machine Images on Google Cloud. This solution supports popular networks including Avalanche, Ethereum, and Bitcoin.

Launch of the Blockchain Machine Image

Flare Network unveiled its Blockchain Machine Images solution on October 25. It provides a useful node-as-a-service choice via Google Cloud. This application makes it possible for developers to quickly establish nodes for networks like Avalanche, Ethereum, and Bitcoin, which streamlines and speeds up node maintenance.

Affordable node services

At about $300 per month, a dedicated Flare node for Blockchain Machine Images is a cost-effective option for companies. Comparable services can cost up to $2,000, which is far less than this. Remote procedure calls (RPC), data indexing, and unlimited workloads make the platform popular for a wide range of applications.

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Improving the Flare Ecosystem

The service also supports Flare’s attestation providers, who safeguard and validate the network’s external data sources, including Bitcoin. According to Josh Edwards, VP of Engineering at Flare, Blockchain Machine Images will facilitate infrastructure maintenance and ensure consistent data access across Flare’s ecosystem for these crucial businesses.

AI Bot Strikes Gold: Turns $1.5K into $1.88M in Only 5 Hours

Summary

An AI trading bot called Tee Hee He just pulled off a madness by turning a mere $1.5K into a staggering $1.88 M in a matter of just 5 hours. After Truth Terminal, this is another bot that has become a millionaire. It managed to reach such a milestone by mainly adopting crypto trading and investing in a Solana coin called $TEE.

AI chat bots have become the best friend of any crypto trader and has managed to be a wonderful alibi for crypto trading industry. In the last couple of years, Artificial Intelligence has transformed the way trading works, as it reduces all of the hassle to keep oneself updated and any information needed can be learned by just a single question. They have proved themselves to be very useful by their amazing data analytics, problem-solving, and hundreds of other features. Even so, AI buying tokens by itself and becoming a millionaire without any human supervision is new. Firstly, Truth Terminal became the first AI millionaire and now Tee Hee.

Reportedly, Tee Hee He became a millionaire in just hours after investing on a token similar to GOAT, called $TEE. It is a Solana coin that the bot spent somewhere around $1.5K, but surprisingly that token boomed, multiplied more than 100 times within just few hours. This made its holders heavy profits and instant rich, one of them was Tee Hee. It is reported that its first $1.5K became $1.88 M, many investors with years of experience face challenges in making decent gains and here’s this bot that’s earning millions in hours. This really shows how far AI chatbot agents have come.

As Truth Terminal uplifted Goatseus Maximus (GOAT), Tee Hee He also may also do similar with TEE tokens and boost its price even further.

Blockchain Democracy App Released by Georgia Opposition Party Prior to Elections

In brief The United National Movement has introduced United Space, a blockchain-based application intended to encourage civic engagement and voter turnout by providing incentives for participation, ahead of Georgia’s parliamentary elections. The app, which is powered by Rarimo, presents a liquid democracy paradigm and allows anonymous voting.

Blockchain Voting with United Space

In a move to address low voter turnout, Georgia’s United National Movement, an opposition party, has launched United Space, a blockchain-powered identity app. United Space leverages the Rarimo zero-knowledge protocol to reward citizens for participating in democratic processes and enable anonymous voting. The party plans to better link United Space with the country’s Public Service Hall in order to investigate experiments with Universal Basic Income and other digital governance alternatives if elected.

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Voting Security and Anonymity

Rarimo’s Freedom Tool, a zero-knowledge proof technique for confirming citizenship, is the foundation upon which the app is based. Voters can take part in the democratic process with unparalleled privacy by uploading their encrypted identification documents onto a safe, on-chain registry. Given Georgia’s political unrest stemming from authoritarian worries, this degree of anonymity is essential.

Civic Involvement and Benefits

Through a points system, United Space promotes greater civic engagement in addition to voting. By participating, citizens can accrue points and become stakeholders in strategic assets and public services. While Kitty Horlick of Rarilabs highlights the app’s function in transforming citizens into direct stakeholders in public resources, Giorgi Vashadze, MP and head of the United National Movement, views United Space as a tool to strengthen democracy in Georgia and beyond.

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Ethereum Engineer Criticizes Solana’s Potential as a “Global Backbone” Blockchain

In brief, According to Ryan Berckmans, an engineer and member of the Ethereum community, Solana does not have the infrastructure necessary to function as the cornerstone of an international financial system. Solana’s lack of decentralization, high bandwidth requirements, and technical limitations, he says, provide a more sustainable model than Ethereum’s Layer 1 and Layer 2 environment.

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Solana’s Shift from “Monolithic” to Layered Solutions

Solana initially promoted itself as a high-throughput, single-chain platform capable of handling global transactions. Since then, though, it has begun implementing Layer 2 (L2) solutions, renaming them “Network Extensions.” This change is more in line with Ethereum’s proven L2 approach, which has allowed a number of applications to create unique L2 appchains on the platform.

Technical Difficulties Preventing Solana from Developing a Global Backbone

Berckmans claims that there is an issue with Solana’s single-client strategy, which just uses the agave rust client. At least three independent customers with a balanced stake distribution are necessary for a robust global backbone. Firedancer, Solana’s second client, has had delays that have been made worse by a lack of research resources and protocol specification. Furthermore, the platform’s reach in areas with lower network capacity is restricted by Solana’s 10Gbps upload suggestion, which raises centralization issues. The outage history of Solana was also brought to light by Berckmans, who pointed out that the protocol-level fallback mechanisms required for continuing block production during finalization issues are absent from the system.

Decentralization and Market Share Concerns

Berckmans raised concerns about Solana’s decentralization, citing that around 98% of Solana’s initial token allocation went to insiders, in contrast to Ethereum’s 80% public sale. He also points to the emergence of zero-knowledge (zk) proof aggregation, which enhances L2 settlement capabilities, as a challenge to Solana’s reliance on Layer 1 execution scaling.

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The Benefits of Ethereum for Corporate Adoption

Solana’s market share will probably decrease if big companies like Coinbase, Sony, and Visa choose Ethereum L2 solutions, according to Berckmans. He claims that although Solana has performed exceptionally well in several domains, its structural flaws prohibit it from acting as the foundation of an international financial system.

Google Cloud Joins MANTRA Chain as Validator

An overview

In collaboration with MANTRA Chain, Google Cloud will now be the layer-1 blockchain network’s main infrastructure supplier and validator. The partnership will use MANTRA’s accelerator program, which is scheduled to begin in early 2025, to promote innovation in tokenized real-world assets (RWA).The program will offer resources like cloud credits and technical support from Google’s web3 and AI teams to developers building within the ecosystem. The OM token saw a 2% increase following the announcement, as staking went live on the MANTRA mainnet.

Boosting MANTRA’s RWA Initiatives

On Oct. 23, MANTRA Chain, an L1 blockchain designed for tokenized real-world assets, announced Google Cloud as its primary validator and infrastructure partner. Known for its crypto partnerships with networks like Flare and Aptos, Google Cloud will now help MANTRA Chain extend its ecosystem’s developer support through initiatives like a testnet faucet on Google’s web3 Portal, providing developers with free MANTRA testnet tokens for application testing.

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RWA Accelerator Program

The MANTRA-Google Cloud collaboration will also roll out an RWA accelerator in Q1 2025, giving select projects cloud credits and access to web3 and AI support from Google. To execute this, MANTRA has partnered with the AI solutions provider BCW Group.

OM Token Sees Boost

Following the Google Cloud announcement, the OM token saw a 2% gain in 24 hours. MANTRA mainnet users can now bridge and stake OM tokens to MANTRA validators, including the new Google Cloud validator, marking an expansion of the platform’s staking capabilities.

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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.

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University of Oregon’s Distopia Lab Partners with Theta Labs for Groundbreaking AI Research

Summary

Theta labs just posted huge news, they’re teaming up with the University Oregon’s Ai research hub, Distopia lab in a multi year collab. They made this official in a blog post on October 29. They even shared that Distopia’s very own Assistant Professor, Suyash Gupta, will be taking the charge.

Theta labs, known for its crypto platform Theta Network has just announced teaming up with University Oregon for further AI advancements. Theta Network is a decentralized video streaming platform backed by blockchain technology. Its main concern is to change the way video contents are shared and monetized by using peer to peer network and reduce the costs of streaming other applications, like decentralized storage and delivery.

On a blog post published on October 29, Theta Labs officially revealed their collaboration with Oregon University and shared that the project will be led by none other than Distopia’s own Assistant Professor Suyash Gupta. EdgeCloud, a hybrid cloud computing platform for AI, video, rendering and gaming is going to be used in the University’s AI model training department. Theta announced the launch of the solution in February, while phase one of the platform went live in May.

The University of Oregon is also a well known and one of the leading institutions in the United States. It focuses on distributed systems like blockchain, and federated learning. Contribution from Dr. Gupta has already advanced the research at the intersection of AI and blockchain as per the reports made by Theta Labs.

Theta network has been collaborating with such institution back to back. Just recently it also made a huge collab with Korea University and now this. It really shows how serious Theta Labs is on advancing AI. Additionally, cryptocurrency’s funding potential provides a key incentive for ambitious academic projects. Partnering with projects like Theta Network also benefits academic institutions by enabling them to compete with heavily funded commercial AI labs.

Coinbase Launches On-Chain AI Agents on Ethereum’s Base Layer 2 Network

Summary

Coinbase has just launched AI agents on its Base network. They can now handle crypto wallets and connect directly with the blockchain. These AI agents can make transactions and join in on DeFi activities. It’s a huge leap forward towards merging AI and blockchain. This initiative has brought us closer to smart and automated crypto management.

Coinbase has recently announced a new set of fully on-chain AI agents users can create in under just 3 minutes on its Ethereum L2 network Base. It leverages tools from Coinbase, OpenAI, and Replit. These agents can manage crypto wallets, connect with twitter (X) and perform many other tasks. This is really a significant leap towards the convergence of blockchain and AI technology.

Coinbase and its CEO, Brian Armstrong are diving deep into a wild future of AI and blockchain where they both work together creating some serious innovations. He said, this is where DeFi gets really exciting.

Right now, AI cannot handle finances like a person, they cannot open bank accounts or use credit cards on their own. This limits their access to important services like AWS or paid APIs and it has been setting back AI. Regardless, the recent news about crypto wallets for AI agents are all set for changing the game! These wallets allow AI to spend their coins on platforms like Base, enabling them to pay bills, subscribe to services and buy digital data with zero restrictions. Brian recently talked about this on X, offering Truth Terminal, the first AI millionaire, its own wallet. For crypto investors, this opens up new opportunities.

IntelMarkets (INTL) 2025 Price Forecast: Can Quantum AI Propel It Beyond XRP?

Summary

Cross-border payments are becoming faster and cheaper all thanks to XRP, but with quantum computing and AI tech advancing, people question if Ripple and old-school blockchain can keep up with the pace. In the midst of this there comes IntelMarkets, a new Quantum AI platform that combines machine learning and quantum level trading speed. This setup results in faster trades and easier to read data, making IntelMarkets a major contender for crypto investors aiming big in fututre.

Ripple offers a digital payment platform designed for fast, low-cost international transactions. Its token is called XRP, no one can match XRP when it comes to cross-border payments. A transaction made through Ripple takes almost no time, breaking through all of the complications associated with banking systems. This Ripple system benefits banks too as it makes whole economic operations simple.

But a new crypto platform, IntelMarkets is looking to take the stage with Quantum AI. It called out many platform for their security issues and is ready to break down their threats, including Ripple which hasn’t addressed these issues. Quantum computing sector is being backed by many big companies, with IBM even betting on developing “cryptographically relevant quantum computer” by 2030. This, therefore seriously threatens existing blockchains.

IntelMarkets enters, changing the rules of the game through its Route X21 mission. Route X21 is a ledger that is build with impenetrable armor for quantum hacking. It is being backed by millions of dollar from major companies. Moreover, by concentrating on the application of modern security methods, IntelMarket is constructing a system capable of resisting the advances of computer power, which Quantum technology will bring.

This far sight of IntelMarkets has led to $1.6 million in presales attracting over 2,200 investors. As of October 29 2024, INTL price is $0.0365 and it has a huge potential to rise much higher.

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From Meme to Mainstream: LUNA’s Unstoppable Ascent in the Crypto World

Summary

LUNA has broken roofs as it went from $0.05 to $0.22 in a matter of just 24 hour. That is a whopping 340% surge in a single day. This performance even outshines Goatseus Maximus in terms of trading volumes on decentralized exchanges (DEXs). Most of this trading volume comes from Raydium platform as it holds 73% of total trading volume.

LUNA is the native cryptocurrency of the Terra blockchain. It was originally developed by Terraform and it has now become the most talked about memecoin. As a result, Terra has also gained significant popularity, particularly its UST stablecoin which was pegged to US dollars.

LUNA’s over the top rise began after October 21, that’s when it started trading on decentralized exchanges. As of now it has attracted many investors of the crypto community towards it with its performance. Drawing comparisons to one of the most successful early AI meme coins, Goatseus Maximus (GOAT). The buzz on LUNA started particularly after it surged a staggering 340% in just a day. This milestone sparked talks about LUNA being the next big thing in the meme coin community, particularly within the realm of artificial intelligence based tokens and Solana blockchain.

As of October 29, 2024, the price of LUNA is at $0.3473 with a 24 hour trading volume of  $24,590,883. This indicates its price going up by 2.55% since last 24 hour. It also has a circulating supply token of 690 million LUNA. With all that Terra is valued at a total market cap of $238,525,259.

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