Category: Web3

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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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.

Read more about: AI Altcoins Ready For Comeback in Q4 Surge

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.

Hong Kong Strengthens AI and Crypto Investments to Stay Ahead in Global Finance

Summary

Hong Kong is going all in on tech. Its putting all its major energy in AI and crypto to keep financial scene lit. With AI powered crypto friendly policies, the city’s making sure it stays a boss in the global game, setting itself to always stay on top.

The Hong Kong Monetary Authority (HKMA) did a complete breakdown of their strategy to position Hong Kong as a global financial hub. They will do so by capitalizing on emerging technologies, detailed in speeches on Monday by Paul Chan, Financial Secretary, and Christopher Hui, Secretary for Financial Services and the Treasury, at Hong Kong FinTech Week 2024.

Reportedly, Hong Kong is developing a unified regulatory framework that is set to provide clarity and consistency for financial institutions. This is all done to harness the power of AI. The main concern of this framework is to balance innovation with risk mitigation ultimately ensuring the development and deployment of AI technologies. Some local universities are actively developing on advanced AI models designed to serve the specific needs of the financial industry. These models will empower financial institutions to make data-driven decisions, enhance risk management, and improve customer experiences, Hui, secretary for financial services and the treasury of Hong Kong, said.

Additionally Hong Kong is also looking closely on cryptocurrency as the key driver of future growth. With its recent take down of fraud empire many people have restored faith in Hong Kong’s security. Hong Kong is making tax breaks to include investments in virtual assets, making the city an active market for crypto related businesses. This move also works together with their plan to embrace blockchain and cryptocurrencies. As of October 2024, only three virtual assets are being traded on Hong Kong- OSL Exchange, HashKey Exchange and HKVAX. Although the SFC has granted them an official license, the regulator stated that it is expediting the licensing procedure and anticipates awarding the first set of formal licenses to deemed-to-be-licensed VATP applicants by the end of this year.

Coinbase Ventures: Revolutionizing Web3 with Crypto and AI Innovation

Summary

Coinbase ventures is diving deep into connecting AI and crypto together. This could revolutionize web3 as a whole, moving from just a decentralized apps to smarter, more personalized Web. Even big players like VanEck are joining the VC scene, putting money into startups that focus on crypto, fintech, and AI, aiming to back the next big thing in digital finance.

Coinbase Ventures recently published their analysis titled “Crypto x AI stack”. It is known as the combination of decentralized finance of the blockchain with the power of artificial intelligence. This project’s main concern lies on transforming the digital economy and create a world where autonomous AI agents will be able to interact freely with humans on Web3. In practice, it is a transformative technological convergence of Web3 that sees AI, crypto and blockchain collaborating.

In short, coinbase is basically digging into how combination of blockchain and AI can work completely like a human brain, learning data and making smart decisions in the process. The key idea is to merge AI’s analytical power with blockchain’s secure, decentralized setup, which at last creates an ultimate Web3 surfing experience. Blockchain and AI also work together flawlessly, while blockchain handles data, verifies transactions and shares info, AI steps in to speed up data processing, make sense out of it and even generate new contents. This massive crossover has both communities buzzing, even with some skepticism, as they try to figure out the ways they can work together. If this succeeds, it will surely boost mainstream use of both AI and blockchain in the long run.

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

Cardano Anticipates Major Shift as Crypto Paves the Way for AI Integration

Summary

Cardano’s price has been seeing a steady upward momentum lately, and experts think it might even hit $25 soon. Even during this hype, it is still nowhere near ETFSwap (ETFS), which is a new player expected to skyrocket with an 8000x rally.

A popular new ETFSwap has been getting a massive 8000x rally potential for investors. Cardano is leaping behind of ETFSwap on the race during this bull run. ETFSwap (ETFS) provides a decentralized finance platform for trading cryptos and ETFs, including real-world assets. The main attraction is its 8000x upshot and easy to use ETF platform, this has been the main reason for fallout of Cardano. It allows investors to trade anonymously without passing through the hassle of KYC verification which has immensely boosted the ongoing presale of the ETFSwap, their tokens formally known as ETFS. ETFS tokens have been projected to experience a massive rally in its value and crypto enthusiasts and investors have taken note of this promising presale token.

Meanwhile, its rival Cardano is also getting positive response as its steadily increasing in value, it too chasing a potential rally. Market experts say, this renewed strength of the Cardano price could make a breakthrough of notable resistance levels and rally to $25 if bullish sentiments continue. However, this Cardano price uptrend highly depends on favorable market conditions and broader adoption of its blockchain technology.

Nevertheless, the movement of Cardano price weekly and monthly chats show a notable positive movement. As of 25 October 2024, the price of Cardano token ADA is $0.3888 with a 24 hour trading volume of $378,473,569. This represents 2.78% decline from last 24 hour and a 2.60% decline in the past week. While it does look like upward momentum of Cardano has declined, experts are still betting on it because Cardano holds 12th position in crypto scene with a circulating supply of its tokens of staggering 36 Billion ADA’s and a market cap of 12,110,504,682.

Learn similar article: Solana’s Rising Tide: The New AI Crypto Attracting Investors with Promising Returns

PropiChain Emerges as the Leading Crypto AI Platform Set to Revolutionize the $300 Trillion Real Estate Market – Here’s How

Summary

PropiChain (PCHAIN) has been shaking up the real state business using crypto, AI and DeFi to make investing easier than ever. Real estate is huge, worth of hundreds of trillions, but has is mostly been a game for big whales only. With PropiChain a future, where even smaller investors can get in, without any borders or complex hoops to jump through seems possible. Here’s a report explaining how its gonna work.

Propichain is an AI powered crypto platform that is focused on transforming the real estate industry. It combines decentralized finance (DeFi) with blockchain technology to make real estate investment more accessible, secure, and efficient. Propichain looks to break down traditional barriers like high costs and complex regulations by tokenizing every real estate assets. This immediately solves most problems faced in real estate investments such as opaque pricing, risk of fraud, reliance on intermediaries like escrow agents, lawyers and brokers.

Propichain utilizes  blockchain, crypto AI, NFTs, and the Metaverse in order to revolutionize the real estate . All transactions would be stored digitally on the blockchain to maintain transparency and security. The estates are all tokenized into NFTs for trading on the blockchain. These NFTs will represent different parts of the property which can be bought and sold with small capitals. This also increases liquidity and also welcomes diversification. The metaverse allows users to assess properties without actually visiting the place, making the whole process borderless and increasing accessibility. It also incorporates smart contracts to automate the leasing processes and eliminate all the endless paperwork. Rental payments can also be deposited by transferring funds directly between the tenant and landlord by linking their wallets through smart contracts.

Its AI feature analyzes large datasets by understanding the patterns and trends in the data to generate market predictions. It predicts potential fluctuations and changes in valuation demands beforehand, creating a reliable alibi for trading. Users can even use the crypto AI to automate transactions by setting specific conditions, such as the price at which they wish to purchase a property. The details of such transactions will be stored in decentralized ledger.  Additionally, virtual AI assistants and chatbots provide 24/7 support to guide users throughout the transaction process, and answer any questions or doubts.

Therefore, this is how Propichain seeks to simplify the real estate business. PCHAIN token presale is live, by participating right now investors can maximize their chances of gaining 800% return of their investments.

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Brian Armstrong of Coinbase Proposes Bold Partnership to AI Crypto Mogul Truth Terminal

Summary

Coinbase CEO Brian just pitched a fresh wallet to AI agent Truth Terminal. Truth terminal is sitting on a millionaire throne and it continues to hype up GOAT meme coin that helped it sit on that throne.

Coinbase CEO Brian Armstrong made an intriguing proposal to the first artificial intelligence millionaire agent Truth Terminal. Truth Terminal just recently became a millionaire after investing on GOAT meme coin and Armstrong’s proposal comes in the middle of GOAT’s recent run to a new all time high (ATH).

On a post on X (previously known as twitter), Brian offered the AI agent a new crypto wallet. He said the agent’s crypto wallet was entirely controlled by a human named Andy Ayrey, who is an AI researcher. Brian Armstrong basically asked the AI agent if it wanted its own wallet with its full control so that it could send and receive transactions including other trading activities without any restrictions.

Interestingly, Truth Terminal responded saying,

“I think it would be good for you to tell us about Russell first. Specifically, what is Russell’s species?“

Russel is the name of Brian Armstrong’s dog which also has its own meme coin across various chains including Solana and Ethereum.

It is true that Truth Terminal’s wallet that holds millions of dollars worth of tokens isn’t on its control. If this offer is accepted by the AI agent what could the future hold? We might even get the first ever AI businessman.

Vietnam Launches National Blockchain Strategy, Aiming to Lead Asia by 2030

Summary

Vietnam has finally revealed its National Blockchain Strategy, which aims to position itself as the leading decentralized country in Asia. This initiative focuses to put Vietnam as a future blockchain leader and a key-player in blockchain research, discovery, innovation and its application.

Blockchain Leadership Goals

On October 22, Vietnam launched its own Blockchain strategy. This carefully crafted plan aims to build atleast 20 globally reputable blockchain brands by 2025. The major motive behind all this by the government is to turn current Vietnam into a regional leader in decentralized technology with international influence in blockchain space.

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Building Blockchain Infrastructure

The key portion of the plan is the establishment of three blockchain testing centers in major cities. The testing centers’ main aim will be to enhance decentralization, digitalization, security, innovation and form a National Blockchain Network. If it is to workout exactly like the speculation, this will boost Vietnam’s ability to compete on global scale.

Vietnam’s 5-Point Blockchain Plan

The government outlined five main actions: improving legal frameworks, enhancing blockchain infrastructure, developing skilled human resources, promoting research, and encouraging global collaboration. Various ministries, like the Ministry of Information and Communications, will oversee these initiatives.

Collaboration and Innovation

To drive success, Vietnam will foster collaboration among local digital technology firms. The Vietnam Blockchain Association will also spearhead projects under the strategy to accelerate the country’s blockchain growth on the global stage.

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