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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.

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.

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