September 20, 2024 at 03:45 AM GST updated: September 19, 2024 at 07:29 PM 3 mins read News Integration of AI is gradually penetrating every sector of the economy, ranging from creative software to SM networks to prove the versatility of the technology. Language models and natural language processing are still considered to be in…
CleanSpark has intensified its Bitcoin mining efforts by acquiring two new sites near Clinton, Mississippi. On Sept. 17, the Bitcoin miner revealed that the new sites were purchased for $5.775 million and can support 16.5 megawatts. According to the firm, the locations will house S21 Pro miners, providing a combined operating hash rate of roughly…
September 18, 2024 at 08:15 PM GST updated: September 17, 2024 at 09:08 PM 3 mins read Press Release Blockchain development has traditionally required significant coding expertise, creating barriers for many developers. However, Qubetics $(TICS) is changing this with its QubeQode IDE, an integrated development environment that simplifies blockchain creation through an intuitive drag-and-drop interface…
Microsoft and G42, a United Arab Emirates-based AI firm, have established two new AI centers in Abu Dhabi. These centers aim to promote responsible AI in the Middle East and the Global South. They will identify best practices, support AI projects for societal goals, and strengthen the relationship between Microsoft and the UAE. G42’s partnership…
The Nigerian Institute of Social and Economic Research (NISER) partnered with Soramitsu, a Japanese tech firm, to improve NISER’s research faculty’s knowledge of blockchain technology. Soramitsu will focus on specific areas like SORA, central bank digital currencies (CBDCs), and Hyperledger Iroha. This partnership aims to create a knowledge base and support Nigeria’s development through research…
BlackRock and Microsoft have announced that they are planning to launch a $30 billion fund to invest in artificial intelligence (AI) infrastructure. Indeed, the $9 trillion asset manager is teaming up with the leading tech giant to build data centers and energy projects to meet growing demands stemming from AI. BlackRock is launching the fund…
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. Operation Niflheim:…
Openai, the company at the center of the artificial intelligence (AI) revolution, is reportedly seeking to raise $6.5 billion from investors, reaching a valuation of $150 billion. According to Bloomberg, the funds would be used to support the need for computing power and other expenses, as stated in a memo sent to employees last month….
September 14, 2024 at 02:40 AM GST updated: September 14, 2024 at 12:31 AM 2 mins read News The data from Crypto mining data centers has found its utility in AI computing making them significant assets. There is a possibility that the AI agents will be capable of completing the cryptocurrency transactions themselves in the…
Tokens associated with blockchains in Artificial Intelligence (AI) skyrocketed amid the current market downtrend. The surge in AI tokens coincides with efforts from iPhone maker Apple to bring AI functionalities to its smartphones. AI tokens transform crypto by combining AI with blockchain, creating faster, smarter, and more powerful platforms. AI Tokens on Rampage: ICP, FET,…
September 12, 2024 at 04:00 AM GST updated: September 11, 2024 at 12:24 PM 2 mins read News In the rapidly evolving blockchain and decentralized technologies space, five key coins are emerging in a favorable position: Bittensor (TAO) Fanom (FTM), Aave (AAVE), Fetch.ai (FET), and Filecoin (FIL). This is because these coins are involved in…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 XRP Healthcare, a pioneering Pharma and healthcare platform on the XRP Ledger (XRPL), has officially entered the artificial intelligence (AI) world. According to the announcement on X, XRP Healthcare has introduced its new AI-powered chatbot. This new tool is designed to give personalized medical help to users. The AI…
The Federal Revenue Service, the Brazilian tax watchdog, recently revealed that it has been using an in-house tool that leverages AI to detect money laundering and tax evasion transactions involving crypto. The tool has already been proven useful in identifying over $180 million in funds involved in the illicit usage of cryptocurrency. Brazilian Tax Watchdog…
September 9, 2024 at 05:00 AM GST updated: September 8, 2024 at 11:13 AM 2 mins read News The creative projects within the domains of blockchain and AI, including NEAR Protocol’s scaling solutions as well as Internet Computer’s aim for a decentralized web. These pioneering platforms in the digital spectrum are Bittensor, Fetch.ai, Render Network,…
The U.S. and Nigeria will host a pan-African Artificial Intelligence (AI) conference in Lagos from September 10-11. The conference will bring together government officials, tech leaders, and civil society to discuss the opportunities and challenges of AI development and use. Participants will work to identify and harmonize tech governance strategies to ensure AI is adopted…
Erik Voorhees founded ShapeShift to promote financial privacy and decentralized exchanges, shifting control to a DAO in 2021. Venice AI, Voorhees’ latest venture, champions privacy-focused, open-source AI, countering centralized tech giants and government oversight. Erik Voorhees, whose name is synonymous with bitcoin innovation, is one of the most prominent personalities in the digital finance industry….
September 7, 2024 at 04:55 AM GST updated: September 7, 2024 at 12:50 AM 2 mins read News EU settles with X: Halts AI data use, ensures EEA privacy compliance. X agrees to delete EU user data from May 7 to Aug 1 after DPC legal action. DPC to consult EDPB on AI data use,…
The August 2024 investor update shows key growth in Bitcoin mining, AI cloud services, and data centers. These insights offer valuable strategies for September investors. Also Read: Why These 3 Altcoins Are Beating Bitcoin and Ethereum Maximize Your Investments with Bitcoin Mining, AI Cloud Services, and Data Centers Bitcoin Mining Expansion and Performance Metrics Data…
Marathon Digital is showing interest in artificial intelligence (AI) as its Bitcoin production slowed in August. On Sept. 5, the BTC miner announced the appointment of AI experts Janet George and Barbara Humpton to its board, replacing Kevin DeNuccio and Said Ouissal, who resigned on Sept. 1 as part of a planned transition. AI experts…
The Central Bank of Brazil has hinted at implementing artificial intelligence (AI) and data monetization processes into Drex, its central bank digital currency (CBDC). In a recent presentation, Roberto Campos Neto, the Central Bank of Brazil’s president, stressed that the bank’s innovation agenda had four blocks: Pix, Drex, Currency Internationalization, and Open Finance. However, he…
September 4, 2024 at 09:01 AM GST updated: September 4, 2024 at 09:07 AM 2 mins read News Nvidia’s stock dropped 9.5%, erasing $279 billion in market cap amid a Justice Department antitrust investigation. The Nasdaq and S&P 500 fell over 3% and 2% respectively, triggered by Nvidia’s sharp decline. Bitcoin fell to $56,000 as…
September 2, 2024 at 10:19 AM GST updated: September 2, 2024 at 10:01 AM 2 mins read News PlayOutlanders’ $LAND token joins NVIDIA Developer and Inception Programs, enhancing AI and 3D tech capabilities. $LAND’s market cap remains under $500,000, with rising trading volumes indicating growing investor interest. NVIDIA’s support provides $LAND access to advanced AI…
Coinbase CEO Brian Armstrong announced the platform’s first AI-to-AI cryptocurrency transaction, highlighting a new application of digital currency by artificial intelligence agents. Armstrong believes this advancement will enhance AI’s capacity to independently obtain resources and engage with humans and other AI systems. He encourages developers to add crypto wallets to support the growth of AI-to-AI…
August 31, 2024 at 06:18 PM GST updated: August 31, 2024 at 10:49 AM 2 mins read News Apple and Nvidia eye OpenAI, potentially boosting its value beyond $100B as they compete to dominate the AI landscape. Apple’s rare startup investment in OpenAI underscores its strategic push to lead in the competitive AI market. Nvidia’s…
Coinbase successfully executed First AI-to-AI crypto transaction. AI agents now use stablecoins for instant, global, fee-free transactions. Coinbase CEO Brian Armstrong has marked a significant milestone in cryptocurrency and artificial intelligence integration. On August 30, Armstrong revealed via X that Coinbase has facilitated its first AI-to-AI cryptocurrency transaction. This breakthrough signifies a major advancement in…
Coinbase saw its first AI-to-AI crypto transaction using AI tokens on its developer platform. The AI agents used crypto wallets to transact with AI tokens, bypassing traditional finance. This marks a step toward autonomous AI-driven economies and AI-enabled checkouts. This week, the cryptocurrency world took a significant leap forward as Coinbase, a leading cryptocurrency exchange,…
Render, NEAR, FET approaching oversold territory, indicating potential recovery or further drops. Bearish sentiment triggers market decline; AI tokens struggle with low liquidity. The cryptocurrency market has been under significant pressure, with bearish sentiment leading to a 1.03% drop in overall market capitalization. Bitcoin, the leading cryptocurrency, experienced a 2% decline, while Ethereum, the top…
August 30, 2024 at 02:30 AM GST updated: August 29, 2024 at 11:18 PM 2 mins read News Aptos integrates Nillion, enhancing DeFi and AI privacy with advanced encryption technologies. Merkle Trade launches TGE on Aptos, offering Genesis Staking and dual rewards for early adopters. Aptos token (APT) surges 27.1% year-over-year, reflecting robust market confidence…
Decideai, a Web3 company focused on creating artificial intelligence (AI)-based large language models (LLMs), has deployed its GPT-2 LLM fully onchain via the Internet Computer (ICP) blockchain. This development leverages ICP’s capabilities to support complex, compute-intensive applications, allowing Web3 developers to build, train, and improve specialized LLMs. The project aims to enhance AI training and…
Bitfarms Ltd., a bitcoin mining company, announced on Tuesday that it has taken control of its new data center in Sharon, Pennsylvania. “This site represents Bitfarms’ first mega-site in the U.S. with access to up to 120 MW,” the company said. Located in the Pennsylvania-New Jersey-Maryland (PJM) grid, the site offers low-cost, flexible power ideal…
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits…
Space and Time (SxT) Labs has announced the completion of a $20 million Series A funding round, led by Framework Ventures and supported by several prominent investors. SxT Labs disclosed that the funding aims to accelerate the company’s development of tools that bridge the gap between artificial intelligence (AI) and blockchain technology. Space and Time…
August 27, 2024 at 11:00 PM GST updated: August 27, 2024 at 08:24 PM 3 mins read News Elon Musk supports California’s AI Safety Bill, SB 1047, requiring AI safety testing for models developed with over $100M in spending. OpenAI opposes SB 1047, citing concerns it may hinder industry growth, while endorsing AB 3211 for…
The governor of India’s central bank, the Reserve Bank of India (RBI), Shaktikanta Das, has highlighted the challenges of implementing cross-border digital currency interoperability and the necessity for robust governance. He emphasized the importance of gradual central bank digital currency (CBDC) rollout and data-driven insights from pilot programs. RBI Governor Warns of Challenges in Digital…
OORT, a decentralized AI cloud platform, is collaborating with the US National Science Foundation’s (NSF) eCAT (Electric, Connected, and Autonomous Technologies for Mobility) IUCRC research center, according to a recent statement shared with CryptoSlate. OORT stated that this collaboration represents a key milestone in developing next-generation technologies—including electrification, resilient sensing, real-time edge computing, and smart…
The yet-to-be-released Q2 2024 revenue and earnings of Nvidia Corp seem to back the surge of AI-based cryptocurrencies. Nvidia reported $26.06 billion in revenue and $14.88 billion in net income, with a net margin of 57.14%. Artificial Superintelligence Alliance (FET) is trading at $1.32 as it grew over 60% in a week and 531% in…
Cardano and Algorand may be close to cementing a sought-after partnership that might see a part of their chains merge. Since at least last year, Cardano Founder Charles Hoskinson has been sharing a proposal for Algorand to merge as partnerchain. The conversation took a new twist on X recently, with Gary Malouf, the Chief Technology…
August 24, 2024 at 02:34 PM GST 2 mins read News Algorand processes 10,000 transactions per second with instant finality, offering high security and efficiency. Charles Hoskinson sees merging Algorand with AI inference as enhancing the platform’s capabilities and positioning it in decentralized AI. Algorand’s partnerships include tokenizing real estate, dynamic inventory management for airlines,…
Cursor, an artificial intelligence (AI) company that seeks to “create a magical tool with the aim of writing all of the world’s software,” has announced it has raised $60 million in its Series A funding round. The round had the participation of Andreessen Horowitz, Thrive Capital, Openai, and many others, and gave the company a…
The United States is urging countries to collaborate on the responsible use of artificial intelligence (AI) in military applications. A senior State Department official, Mallory Stewart, emphasized the need for countries to agree on AI guidelines that align with international laws. Concerns about the potential negative consequences of AI in military applications, such as prolonged…
Pip Labs has raised $80 million in a Series B funding round led by VC firm A16z, reaching a valuation of $2.25 billion. The round aims to extend the development of Story, a blockchain aiming to tokenize and protect what Pip Labs calls the “multi-trillion-dollar” asset class of intellectual property (IP), offering frictionless systems for…
August 22, 2024 at 03:17 PM GST updated: August 22, 2024 at 01:36 PM 2 mins read News Fine-tuning GPT-4 empowers businesses to customize AI for specific needs, marking a shift toward AI as a service. OpenAI’s free tokens offer makes AI more accessible, letting companies tailor GPT-4 with just a few dozen training examples….
August 21, 2024 at 03:17 PM GST updated: August 21, 2024 at 11:48 AM 2 mins read News Binance’s AI and manual monitoring saved $2.4B from scams, protecting 1.2M users globally from January to July 2024. 45% of averted losses were due to suspicious crypto withdrawals, highlighting Binance’s focus on securing this vulnerable process. Binance…
August 21, 2024 at 01:17 PM GST updated: August 21, 2024 at 11:29 AM 2 mins read News Bitcoin miners might benefit from the AI sector’s rising energy demands, potentially transforming the mining landscape. Bitcoin mining stocks have a notable valuation gap compared to data center stocks, with early movers seeing gains. Bitcoin miners face…
Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabilities through its existing digital asset mining infrastructure. Bit Digital…
August 21, 2024 at 12:00 AM GST updated: August 20, 2024 at 11:56 PM 3 mins read News Io.net’s 25,000+ node network fuels AI/ML with scalable GPU power, cutting costs versus traditional cloud services. Chainbase’s Theia model leverages io.net’s Internet of GPUs to enhance AI-driven blockchain applications like DeFi and Web3 games. The io.net and…
Binance, the largest crypto exchange by trading volume, announced that it had prevented over $2.4 billion in potential user losses from scams and fraud in the first seven months of 2024, according to an Aug. 20 statement shared with CryptoSlate. Binance revealed that over $1.1 billion, or about 45%, of the $2.4 billion in averted…
While the Republican platform addresses the issue of cryptocurrency and bitcoin, the Democratic Party’s latest platform remained silent on the matter. Adding to the buzz, there are whispers that Kamala Harris’s campaign might be eyeing Gary Gensler, the current head of the U.S. Securities and Exchange Commission, for the role of Treasury Secretary. Democrats’ Latest…