Category: AI

AI-linkedcryptocurrencieslikeFETandAGIXareexperiencingpricestagnation.TheseAIcoins,oncepopular,arenowtradingsidewayswithoutacleardirection. Achoppingrangeoccurswhenanasset’spricemovessidewayswithoutsignificantgainsorlosses.ForAIcoins,thissidewaysmovementfollowedaperiodofrapidpriceriseinearly2024.Butnow,manyofthemarestrugglingtobreakout. Investorsentimenthaschangedaswell.TheinitialexcitementforAItokenshascooled.Speculativeinterestdrovetheinitialpricesurge,buttradersarenowmorecautious.Manyinvestorsarewaitingtoseereal-worldapplicationsthathaveledtomarketindecision. Externalforceshavealsoplayedaroleforthepricetostagnate.Thebroadercryptomarketisdeclining,withmajorcoinslikeBitcoinandEthereumstruggling.Thishasaffectedtheentiremarket,includingAIcoins. Macroeconomicfactorssuchasinflationandregulatoryuncertaintynegativelyimpacttechinvestments.Addtothis,theAIblockchainprojectsbeingintheirearlystages,haveaddedtotheuncertainty. Despitethepricestagnation,AIblockchainprojectscontinuetoadvance.FET.aiisimprovingitsdecentralizedautonomousagentplatform,whileSingularityNETisdevelopingitsAImarketplace.Theseprojectsarestillbuildingouttheirtechnology,thoughtheirprogresshasnotyettranslatedintosignificantpricemovements. BreakingOutoftheChoppingRange Tomovebeyondthischoppingrange,AIcoinswillneedbothmarketimprovementsandincreasedadoption.Broadercryptocurrencyconditionsmuststabilize,andinstitutionalinterestmaybenecessarytodrivethenextwaveofgrowth.Someexpertsbelievereal-worldusecasescouldserveasacatalystforabreakout. Fornow,AIcoinsremainstuckwithintheaforesaidpricerangeasmarketparticipantswaitforfurtherdevelopments.Tradersaremonitoringtheseprojectscloselytoseewhethertheycanpushbeyondtheircurrentpricebands. Disclaimer:Theinformationpresentedinthisarticleisforinformationalandeducationalpurposesonly.Thearticledoesnotconstitutefinancialadviceoradviceofanykind.CoinEditionisnotresponsibleforanylossesincurredasaresultoftheutilizationofcontent,products,orservicesmentioned.Readersareadvisedtoexercisecautionbeforetakinganyactionrelatedtothecompany. coinedition.com

Flare’sBlockchainMachineImagesstreamlinefullnodedeployment,enablingrapid,cost-efficientoperationsdirectlyfromtheGoogleCloudMarketplace. Supportingover20topblockchainnetworks,BlockchainMachineImagesenhancesinfrastructureflexibilityandscalabilityfordevelopersandbusinesses. Withpricingaround$300permonth,Flare’sserviceoffersabudget-friendlyalternativeforblockchainnodes,comparedtocompetitors’higherfees. Flare,theblockchainfordatanetworks,haslaunchedBlockchainMachineImages,designedtosimplifyblockchainnodedeploymentonGoogleCloudMarketplace.ThisinnovativeserviceenablesWeb3developerstoquicklydeploydedicatednodes,loweringcostswhileofferingarobustnodeinfrastructure. StreamlinedDeploymentforWeb3Developers WithBlockchainMachineImages,developerscandeployfullblockchainnodeswithasingleclick.Thisservicesimplifiesdeploymentandprovidesseamlessnodesyncingwithinminutes.ByleveragingGoogleCloud’senvironment,BlockchainMachineImagesallowsWeb3developerstospinupnodeswithoutrequiringintensiveinfrastructuresetup.Thesolutionsupportsover20prominentblockchainnetworks,includingBitcoin,Ethereum,andAvalanche,enhancingcompatibilityacrosstheecosystem. IntroducingFlare’sBlockchainMachineImageson@GoogleCloudMarketplace—enablingrapiddeploymentoffullnodesacross20+networks,includingBitcoin&Ethereum,withplanstoaddmore. Ascalable&reliablesolutiondesignedfordevelopers.https://t.co/5hc8XdJCT0pic.twitter.com/0RpNZg20ZX —Flare☀️(@FlareNetworks)October25,2024 Flare’ssolutionisexpectedtoattractbusinessesaimingtolowerinfrastructurecostswhilemaintainingnodereliability.Comparedtoothernode-as-a-serviceplatforms,whichcanchargeupto$2,000permonth,Flare’sdedicatednodeoptionisavailableforapproximately$300.Thispricingmodelmakestheservicemoreaccessible,allowingbusinessestoallocateresourcesmoreefficientlywithouttheaddedexpenseofdedicatedteamsforinfrastructuremanagement. EnhancedCapabilitiesforDataIndexingandRPCCalls BlockchainMachineImagesprovidedeveloperswithextensivefunctionality,suchasunlimitedremoteprocedurecalls(RPC),dataindexing,andthecapabilitytomanagehighworkloads.Thesefeaturesmakethetoolanassetforprojectsrequiringcontinuousdataaccessandsecureenvironmentstomanagetheirblockchaindata.Additionally,userscanconfigureimageIDsforautoscaling,enablingprojectstoadapteffortlesslytochangingdataandworkloadrequirements. IntroducingBlockchainMachineImagesalsobenefitsFlare’sattestationproviders,whoareresponsibleforretrievingandvalidatingdatafromexternalnetworkslikeBitcoinandRipple.Thistoolofferstheseentitiesimprovedstabilityandperformance,contributingtodataintegrityandenhancingthereliabilityofdatastreamingwithintheFlareecosystem. ThereleaseofBlockchainMachineImagesisastrategicexpansionofFlare’scloud-basedofferings.Beforethis,FlarehadintegratedanAPIportalwithinGoogleCloud,enablingWeb3developerstoaccessreal-timeblockchaindataandperformonchaintransactions.WithBlockchainMachineImages,Flaredeliversacompletenode-as-a-servicesolution,providingdevelopersandenterprisesfullcontrolovernodemanagementwithintheircloudenvironments. cryptonewsland.com

PolymarketCEOShayneCoplanrespondedtoarecentNewYorkTimesarticlethatscrutinizedtheplatform,clarifyingkeypointsaboutitsnon-partisanstanceandtransparency. ThearticledescribedPolymarketasa“cryptowebsitewhereelectionoddsswingin…favor”offormerPresidentDonaldTrump,whichCoplanfeltmischaracterizedthecompany’spurposeandoperations. Inastatementpostedonsocialmedia,CoplanemphasizedthatPolymarketisstrictlynon-partisan,counteringclaimsthatitcaterstospecificpoliticalgroups. Hewrote: “We’retoldwe’reDemoperativesandMAGA,dependingontheday.Unfortunately,thestoryismuchlessjuicy—we’rejustmarketnerdswhothinkpredictionmarketsprovidethepublicwithamuch-neededalternativedatasource.” Hehighlightedthattheplatformoffersaspaceformarket-basedforecasts,enablinguserstoengagewith> cryptoslate.com

TheUSDepartmentofJustice(DOJ)hasallegedlylaunchedaninvestigationintotheUSDTstablecoinissuerTetherforpotentialanti-moneylaunderingviolations.ThisdevelopmenthascausedtheUSDTtoloseitsDollarpegandledtoawidespreadcryptomarketselloff.

TheNewYorkStockExchange(NYSE)ArcaelectronictradingplatformisevolvingwithBitcoinETFproductsontracktobenefitimmensely.PertheannouncementfromIntercontinentalExchange,NYSEArca’sparentfirm,tradingwillnowlastfor22hoursoverall.ThispushcomesamidgrowingclamorforextendedstockandequitiestradingtogiveWallStreetinvestorsadditionalflexibility.

FederalprosecutorsareplanningtoofferapleadealtoEricCouncilJr.,anAlabamamanaccusedofinvolvementinahigh-profilehackoftheU.S.SecuritiesandExchangeCommission’sofficialXaccount,formerlyknownasTwitter.

AhackerdrainedUS$20millionfromagovernmentwalletonThursday,butmostofthefundsreturnedonFridayamidintrigueabouttheincident,whichTwitterhighlightedaslikelyinvolvingoneofthebiggesttheftsoftheyear.

CircleInternetFinancialLtdisstillholdingontoitsambitionsofgoingpublicdespitefacingheadwindsthatweighedontheplans. ChiefexecutiveofficerJeremyAllairetoldBloombergthatthesecondlargeststablecoinissuer’splanstogopublicwerestillalive,althoughherefutedanyinterestintappingintoprivatemarketsforcapital. “Weareverycommittedtothepath(ofgoingpublic)”saidAllaireinaninterviewwithBloomberginWashington. “Wethinkwecanbeareallyinterestingcompanyinpublicmarkets,”addedAllaire. CircleInternetFinancialisfinanciallystable,accordingtoCEO Thecompanyhasmadeattemptstogopublicbutfailed.Forinstance,in2022,thecompanyattemptedtojoinforceswithblank-checkfirmConcordAcquisitionCorpbutfailed. Thecryptofirmoptedforamoretraditionalwayearlierthisyearasitfiledadraftregistrationforaninitialpublicoffering(IPO)withtheSecuritiesandExchangeCommission(SEC)inJanuary. Yeartodate,therehasbeenawidespreadcrackdownoncompaniesinthecryptoindustrybytheUSgovernment.Allaire,however,refusedtocommentonanyengagementsCircleInternetFinancialLtdhashadwiththeSECandotherregulatorsduringtheperiodtheyfiledthedraftIPO. AlthoughtheprocessofgettingapprovalsfortheIPOhasdraggedonformonths,Allairerevealedthecompanydoesnotneedtoraisemorecapital. “We’reinafinanciallystrongpositionandhavebeenabletobuildaverysolidbusiness,andwe’recurrentlynotseekinganyfunding.” Allaire. AccordingtoBloomberg,investorsinthecryptofirmincludesomeheavyweightsinWallStreetlikeGeneralCatalystPartners,FidelityManagement,BlackRock,ResearchLLC,MarshallWaceLLP,andpeersinthecryptoindustryCoinbaseGlobalInc. CircleInternetFinancialboostedstaffcomplementinanticipationofgoingpublic Accordingtoearlierreports,CircleInternetFinancialhasbeenboostingitsstaffcomplementthisyearasitcontemplatedgoingpublic. Withthehiringspree,thecompanywasupbeatthatWashingtonlawmakerswouldfinallygivetheindustrysomeregulatoryframeworkitclamoredforintheformofastablecoinbill. AccordingtoBloomberg,severalothercrypto-relatedbillsareunderconsiderationonCapitolHill.Commentingonthis,Allairesaidthereisstrongoptimismthatthestablecoinlegislationmayevenbepassedduringthelame-ducksessionaftertheNovemberpresidentialelections. Allairerevealedthatnewregulatoryguardrailswillbewelcomeandwillgivecomforttothemoretraditionalfinancialplayersrangingfrombankstoassetmanagerstopaymentcompaniestoenterthedigitalassetecosystem. “They’reonlygoingtoworkwithregulatedinfrastructure,”hesaid.“We’vealreadypositionedourselvestowardthatend.” Stablecoins,collectivelyworth$170.5billion,arecryptocurrenciesthataimtotrackthevalueofanotherasset,particularlytheUSdollar.Stablecoinsarepopularamongtradersasawayofmovingdigitalassetsbetweenexchangesorshelteringcryptowealthduringperiodsofmarketvolatility. Companieshavealsoadoptedstablecoinsasameansoffacilitatingcross-borderpayments.CircleInternetFinancial’sdollar-tradesstablecoin,knownasUSDChasatotalmarketcapitalizationof$34.4billion,whichmakesitthesixthbiggestcryptocurrencyandthesecondlargeststablecoinafterTether’sUSDT,accordingtostatisticsfromCoinMarketCap. cryptopolitan.com Similarnews(1) Addsimilarnews CircleCEOConfirmsIPOPlansRemainsIntact,Here\'sLikelyTimeline 3h Addsimilarnews Sendusalinktoasimilarnewsstoryonanothersource. Link Whydoweneedit Thecitationrateofanewsitemindicatesitsimportanceandsignificance.Thenumberofmentionsindifferentsourcesallowsyoutolookataneventfromdifferentangles.…

ThePennsylvaniaHouseofRepresentativespassedabillonOctober24toestablishregulatoryclarityfordigitalassetslikeBitcoin(BTC)withinthestate. KnownasHouseBill2481,orthe“BitcoinRights”bill,thelegislationpassedwithstrongbipartisansupport,receivingavoteof176to26,includingall100Republicansand76Democrats. RegulatoryClarity AccordingtoaFoxBusinessreport,thelegislationseekstoprotecttherightsofPennsylvaniaresidentstoholdanduseBitcoinwhileestablishingclearguidelinesontaxingdigitalassettransactions. ThebillnowmovestotheRepublican-ledPennsylvaniaSenate,whichisexpectedtoreviewitaftertheNovemberelections.IfapprovedandsignedbyGovernorJoshShapiro,Pennsylvaniawilljoinotherstatesinestablishingitsdigitalassetrulesamidfederalregulatoryuncertainty. HouseBill2481wasdevelopedwithinputfromtheBitcoinadvocacyorganizationSatoshiActionFund(SAF).TheSAFhasbeeninvolvedinsimilareffortsin20states,withfourbillsbecominglawinOklahoma,Louisiana,Montana,andArkansas. Thepushfornewlegislationintheareacomesamidfederaluncertaintyaboutdigitalassetregulation,withagenciesdividedonoversight.TheSecuritiesandExchangeCommission(SEC)continuestoevaluatewhethercertaindigitalassets,apartfromBitcoinandEthereum,qualifyassecurities.Meanwhile,theCommodityFuturesTradingCommission(CFTC)overseesthoseclassifiedascommodities. “Insuchpolarizingtimes,it’sgreattoseebothsidesoftheaislecometogethertofurtherinnovationandprioritizesecurityforPennsylvanianswhoownandtransactwithcryptocurrency,”saidRepublicanPennsylvaniastateRep.MikeCabell,thebill’ssponsor. PennsylvaniaCryptoBillCouldSway2024Voters Withapproximately1.5millionresidents,around12%ofthestate’spopulation,nowholdingdigitalassets,Pennsylvaniahasemergedasapivotalinthenationaldebateovercryptocurrencyregulation. Thetimingofthebill’spassagecouldalsohaveimplicationsforthestate’supcomingelections,asbothpartiesarefocusedonthegrowinginfluenceofcrypto-friendlyvoters. LawmakersbelievethatclearpoliciesondigitalassetscouldswayvotersintheSenateracebetweenincumbentDemocratBobCaseyandRepublicanchallengerDaveMcCormick. “WiththebillalreadypassedinthePennsylvaniaHouseandpoisedtopasstheSenate,itstandsasapivotalissueforcandidatesandvoters,”saidSAFfounderDennisPorter.Headdedthatdigitalassetownersrepresent“agrowingvoterbloc.” Additionally,crypto-friendlypoliciesaregainingattentionasthepresidentialraceheatsupbetweenDemocratKamalaHarrisandRepublicanDonaldTrump. cryptopotato.com

ArecentunveilingofaSatoshiNakamotostatueinLugano,Switzerland,hassparkedalightheartedreactionfromCanadianBitcoindeveloperPeterTodd,whoalsorespondedtoacontroversialHBOdocumentarybyfilmmakerCullenHoback. Thestatue,whichcapturestheBitcoinfounderintheformofahoodedfigureworkingonalaptop,wasusedbyToddinahumourousmannertoridiculebyjuxtaposingimagesofthestatuewithasimilarphotoofthefilmmaker. Todayatthe@LuganoPlanBconference,theyunveiledthenewstatueofSatoshi. IthinktheyinadvertentlyrevealedwhoSatoshiis. CC:@CullenHobackpic.twitter.com/bXDqTq40L3 —PeterTodd(@peterktodd)October25,2024 Hoback’sHBOdocumentary,whichwasreleasedearlierthismonth,hasbeenmetwithmuchbacklashfrombothToddandtherestofthecryptocurrencycommunity.ThefilmshowsToddasthelikelypersonwhocreatedBitcoin. Inthelastpartofthefilm,Toddcomesoutwiththefollowingremarks,“Wellyeah,I’mSatoshiNakamoto.”ToddthensaidthatthisstatementwasmisquotedandthatheisnotthemysteriouscreatorofBitcoin. Hoback’sargumentscomprisedaBitcoinTalkforumpostandaconnectiontotheJohnDillonpersona,bothofwhicharehighlydiscussedtopicsintheBitcoincommunitythatdidnotrevealanythingnewaboutSatoshi. ThewaythedocumentaryconnectsToddtoNakamotohascausedcontroversy,andsomepeoplewithinthecommunitythinkthatHoback’sconclusionsareratherunsubstantiated.Toddhasalsopersonallydismissedthetheoryandhasmadeastatementinpublic,jokingthatperhapsHobackismoresimilartothestatuethananyoneelse. AspointedoutbyToddandothers,thefilmdidnotpresentmuchfactualevidencetoprovetheallegationsmadeinthefilmandinsteadreliedonassumptions.Inordertosupportthisclaim,ToddsharedwithWired.comphotographsthatdepictedhimengaginginoutdooractivitiesduringthetimewhenNakamotowaspostingonBitcoinTalk.However,HobackremainsadamantinhisdecisionandsaysthatToddisa“gametheory”expertwhoresemblesthetypicalimageoftheBitcoincreator. SatoshiNakamoto’slegacyremainsunresolved ThetruelegitimacyofthecreatorofBitcoin,SatoshiNakamoto,isoneofthemostuntoldstoriesinthedigitalworld.OvertheyearsafterthelaunchofBitcoinin2008,manytheorieshaveappearedaboutwhoNakamotoisandmanynameshavebeenmentioned. ThehumorousreactionofToddtotheSatoshistatuealongwiththeimageofHobackisquitesymbolicofthespeculationsthatarestillassociatedwiththecreationofBitcoin.Withnoclearresolutionintheforeseeablefuture,thecryptocommunityseemshappytoletNakamotoremainanenigma. cryptopolitan.com