Artificial intelligence, or AI for short, is a type of technological advancement that aims to work like the human brain, autonomously completing functions. As a computer science, artificial intelligence technology has been a developing field of study since the 1950s. As for its use cases, AI examples include voice recognition services, self-driving cars, chatbots and more. Machine learning falls under the umbrella of artificial intelligence, representing AI that can make adjustments on its own. What’s the latest in AI? Cryptoonaut covers the latest AI news and trends as it explores topics related to the future of money. Readers can find artificial intelligence news on the latest artificial intelligence technologies, the future of AI and more under Cryptoonaut’s artificial intelligence tag.
Withthecryptomarketagainbuzzing,therearequestionsaboutwhethertheEthereumpricecanreach$5,000thisyear,apricelevelthatwouldmarkanewall-timehighforthecrypto.However,ETHreaching$5,000dependsonsomefactors,whichwillbeexploredinthisarticle.
TheCardanopriceplunged1.35%duringtheWednesdaymarketsession,currentlytradingat$0.345.TheslightdownticksignalsthecontinuationofitssidewaystrendintactsinceJune2024.Wil.TherenewedrecoverypushedtheADApriceescapefromthecurrentconsolidation.
ThetrendforChainlinkpricehasbeenveryindecisiveinthelastweekandmonth,butitseemstohaveabetterpictureinthebroadersettingforOctober,asithasgrownfrom$10.60to$11.13—againofalmost4%.
Bitcoinpricehascrossedthebrief$68,000marktodayforthefirsttimesinceJuly29,indicatingagrowingmarketconfidence.Inaddition,italsocomesamidreportsofJapan’spossibleannouncementofitsupcomingstimuluspackage,whichwillsurpasslastyear’slevel.Notably,amidthis,popularcryptomarketexpertPeterBrandtpredictsBTCtohitanewATHnext.
TheTrumpfamily’stokenproject,WorldLibertyFinancial,debutedinaveryweakfashiononitsfirstday,reachingjust4%ofits$20billionsalestargetwhilethewebsiteitself–crashed.
RipplepartnerswithMoonPaytoofferdirectXRPpurchaseandstorage,streamliningcryptotransactionsthroughtheMoonPayapp. RLUSD,Ripple’sstablecoin,isintroducedtoenhanceliquidity,developedwithcollaborationfrommajorcryptoplatforms. MoonPayfocusesoneaseofuse,adoptingaone-tapfeatureforreturningusersaimingforseamlesscryptoadoptionsimilartoPayPal. RipplehaspartneredwithMoonPay,acryptocurrencypaymentprocessor,toincorporateXRPbuying,holding,andtradingwithintheMoonPayapplication.ThispartnershipalsosignifiesthebeginningoftheRLUSDRippleBrandedStablecoinpeggedtotheUSdollar. ATTEN-HUT!🫡 XRPARMYROLLCALL!📢 Inpartnershipwith@Ripple,youcannowbuy,store,andmanageyour$XRPdirectlywithinyourMoonPayaccount. Whetheryou\'reanewrecruitoraloyalsoldier,welcomehome.pic.twitter.com/6kWvego7g1 —MoonPay🟣(@moonpay)October16,2024 RLUSDwasdevelopedwithkeyplatforms,includingUphold,Bitstamp,Bitso,IndependentReserve,CoinMENA,andBullish.ThestablecoinaimstoincreaseliquiditywithintheRippleecosystemandsimplifycryptotransactions. MoonPayEnhancesXRPAdoptionwithOne-TapConvenience MoonPayconfirmedtheXRPintegrationonsocialmedia,statingthatneworreturninguserscanmanagetheirXRPholdingswithoutswitchingplatforms.DuringaninterviewwithThePaulBarronNetwork,IvanSoto-Wright,CEOofMoonPay,emphasizedthecompany’svisiontostreamlineuserexperience. HeexplainedthatMoonPayseekstomakecryptowalletsasuser-friendlyastraditionalbankingapps.TheintegrationwithRipplealignswiththisobjectivebysimplifyingfundmanagementwithintheapp. FocusonReducingOnboardingFriction Thepartnershipintroducesastreamlinedonboardingprocesstoreduceentrybarriersfornewusers.Soto-WrighthighlightedMoonPay’sone-taptransactionfeature,simplifyingtransactionsforuserswhohavealreadycompletedKnowYourCustomer(KYC)andbiometricverification. Soto-WrightalsocomparedMoonPay’sapproachtoPayPal’searlychallenges,explainingthatthegoalistocreateapolishedexperiencesimilartoApplePay.MoonPayrevampeditsproductofferingsthisyear,focusingonaseamless,glitch-freeinterface. MoonPay’sVisionfor2025Adoption AccordingtoSoto-Wright,2024hasbeenasignificantyearforMoonPay,withproductupdatespavingthewayforbroaderadoption.Theplatform’srenewedfocusonuserexperiencereflectsMoonPay’spreparationformorewidespreadcryptocurrencyadoptionby2025. TheRipple-MoonPaypartnershipisexpectedtoboostliquidity,simplifytransactions,andattractnewusersbyofferingasmoothandaccessibleinterface,bringingcryptoclosertomainstreamfinancialsystems. cryptonewsland.com
RippleexecutedanothersetofsignificantRLUSDtransactionsonWednesday,October16.TheXRPfirmmoved$6millionworthofRLUSDtokensamidanticipationofthestablecoin’slaunchlaterthisyear. Ripple’sLatestRLUSDMovement Accordingtoon-chaindata,thecompanyminted4millionRLUSDtokensontheEthereumnetworkandpromptlytransferredthemtoanunidentifiedwallet.Earlierintheday,Ripplemovedanadditional2millionRLUSD,bringingthetotalforthedayto6milliontokens. Thisfollowsanotherlargetransactionjustadaybefore.OnTuesday,October15,Rippleshiftedawhopping28millionRLUSDtokensinaseveralbatches.TheseactivitiescomeasthecompanycontinuesitsbetatestingforRLUSDonboththeEthereumandXRPLedgernetworks. 🚨🚨🚨🚨🚨🚨4,000,000#RLUSDtransferredfromunknownwallettounknownwallet.https://t.co/bk00974SmZ —RippleStablecoinTracker(@RL_Tracker)October16,2024 Thestablecoinisexpectedtoofficiallylaunchlaterthisyear,thoughnofirmdatehasbeenset.Ripple’srecentactionshavesparkedspeculationaboutthestablecoin’srelease,especiallygiventhecompany’sclearpushtowardadvancingitspositioninthestablecoinsector. ThefirmhasalreadyannouncedthefirstroundofpartnersandplatformsthatwillsupportRLUSDonceitgainsregulatoryclearance.KeyexchangessuchasUphold,Bitstamp,andBitsoareexpectedtolistthestablecoinafteritslaunch. RegulatoryCompliance RegulatoryapprovalremainsacriticalaspectofRipple’sRLUSDrollout.ThecompanyisseekingapprovalfromtheNewYorkDepartmentofFinancialServices(NYDFS),aregulatorknownforitsstrictoversightofthestablecoinmarket.NYDFSmaintainsoneofthemostrigorousregulatoryframeworks,particularlyinareaslikereservemanagementandtransparency. Thus,RipplehopestosecureNYDFSapprovaltohaveRLUSDplacedontheregulator’s“Greenlist.”Theblockchainfirm’sleadershipremainsconfidentinitsabilitytomeetregulatoryrequirements.MonicaLong,Ripple’sPresident,recentlystatedthatRLUSDisdesignedtocomplywiththemoststringentregulatorystandards. Longemphasizedthestablecoin’sfocusontransparencyandcompliance,whichshebelieveswillmakeRLUSDatrustedoptioninthestablecoinsector.TheXRPfirmhasalsoformedanadvisoryboardtooverseethestablecoin’smarketdebut. NotablemembersincludeSheilaBair,formerChairoftheFederalDepositInsuranceCorporation,andDavidPuth,formerCEOoftheCENTREConsortium.TheboardisexpectedtoprovidestrategicguidanceasRipplenavigatesthecomplexitiesofintroducingRLUSDtothemarket. Ripple’sfocusonregulatorycompliancesetsRLUSDapartfromitscompetitors,particularlyUSDTandUSDC,whichcurrentlydominatethestablecoinspace.BypositioningRLUSDasastablecointhatadherestothehigheststandardsoffinancialregulation,thefirmisaimingtocaptureasignificantportionofthemarket. Asbetatestingprogresses,thefirm’sseriesoflargeRLUSDtransactionscouldindicatethatthecompanyislayingthegroundworkforamajorpushinthestablecoinmarket.Theexactlaunchdateremainsunconfirmed,butthecompany’spreparationssuggestthatRLUSDisnearingitsdebut. cryptonewsz.com
RobinhoodMarketsisexpandingitsreachintothefuturesmarketbyaddingBitcoinandEthereumalongsideoilandtheS&P500indexaspartofitsbroaderstrategytoattractseasonedtraders. ARobinhoodspokespersontoldDecryptonWednesdayitsfuturesofferingsviaitstradingappisexpectedinthe“comingmonths.” TheofferingswillincludeBitcoincontracts,microBitcoinfutures,BitcoinFridayfutures,Ethereumfutures,andmicroEthereumfutures,thespokespersonsaid. Microfuturesaresmallercontractsdesignedtomakefuturestradingmoreaccessibletoretailandsmaller-scaleinvestors. TheannouncementwasmadeduringRobinhood’sfirst-evercustomerconference,HOODSummit,wherethecompanyintroduceditsnewdesktopplatform,RobinhoodLegend. Theplatformisdesignedspecificallyforactivetraders,aimingtooffersophisticatedtoolsandreal-timedata,includingtheabilitytotradefuturesandindexoptionsdirectlyfromtheapp. RobinhoodispositioningitsfocusonderivativesinabidtocompetewithestablishedplayerslikeCharlesSchwabandMorganStanley’sE*TRADE,whichalreadyoffercryptofutures. Itcomesasthecryptomarketcontinuestoheatup,withthepriceofBitcoinapproachingitsall-timehigh,near$73,700. “Withsomeofthelowestfeesintheindustryandanelegantmobileinterface,therewillbenoreasontotradefuturesanywhereelse,”saidJBMackenzie,Robinhood’sVPandGMofFuturesandInternational. Goldsubscriberswillbeabletotradefuturesforaslowas$0.50percontract,whilenon-Golduserswillpay$0.75,undercuttingtraditionalbrokerages. ThemoveisexpectedtodrivefurtherinterestamongcryptocurrencytraderslookingformoresophisticatedexposuretoassetslikeBitcoin. RobinhoodLegend,meanwhile,willofferadvancedchartingtools,customizablelayouts,andreal-timedata,accordingtoastatement. “Bytalkingwithactivetraders,werealizedthereisfrustrationwithlegacyofferings,”SteveQuirk,chiefbrokerageofficeratRobinhood,saidinthestatement. “Movingbackandforthbetweenappsorchartingplatformscanbecumbersomeandtime-consuming.Wesetouttoreimaginewhatamodern,intuitivelydesignedactivetradingplatformshouldlooklike,”headded. Theplatformwillfurthersupportfuturesandindexoptionstradingasitcontinuestorolloutthrough2024. decrypt.co
Thecriticalresistancelevel,whichbullshavelongfounddifficulttoovercome,wasrecentlyapproachedbyXRPandmetwithasevererejection.Bearishmomentumhasbeengeneratedintheshorttermbytheasset\'sinabilitytosurpassthislevel.Significantresistancewasprovidedbythe200-dayEMA,whichkeptXRPfromrisingandmighthavefurtherreduceditsvalue. Pricesappeartobecoolingoffforbulls,andXRPmightcontinuetofacepressureinthedaysaheadifthebullscannotpulloffastrongbreakoutabove$0.55.Anyattemptsatupwardmomentumarestillmetwithresistancefromthe200-dayEMA,whichhashistoricallyservedasapowerfulbarrier.Becauseofthis,tradersandinvestorsarekeepingwatchonlowersupportlevelsforanyindicationsofareversalthatmightputXRPinariskyposition.IntheeventthatXRPstaysbelow$0.55,thebearsmaybecomemorepowerfulanddrivethepricedown. Atabout$0.50,thereisacrucialsupportleveltokeepaneyeon,wherebuyersmightintervenetoprotecttheasset.Ifthislevelholds,itmightprovidealittleboost,butabreakbelowitmightresultinlargerlosses.Additionally,thereisevidenceofweaknessintheRelativeStrengthIndex,whichiscurrentlyinthemid-40s,suggestingthatthetideisturninginfavorofthebears. XRPbullsmustnowmusterenoughstrengthtoretakecontrolandpushthepricebackabovethe$0.55resistance.Untilthen,XRPisexpectedtobeunderconstantpressuretodecline,andanyattemptsatarecoverymaynotlastlong.The$0.55resistanceand$0.50supportareimportantshort-termlevelsfortradersandinvestorstowatch. Bitcoin\'srebound Followinga220-daydeclinethathadbeenaffectingthemarketformonths,Bitcoinrecentlymadeamajormovebybreakingabovethe$67,000mark.Thisbreakoutissignificantbecauseitpotentiallyindicatesachangeinmarketsentiment,asBitcoinhasfinallybrokenoutofapatternthathaskeptpriceslowandinvestorswary.Becauseofthepowerfulresistanceprovidedbythisdowntrendline,Bitcoinwasunabletorise. Iftraderscanmaintainthislevelorpushhigherintheupcomingdays,themarketcouldseemorebullishmovesnowthatithasbeenbroken.Eventhoughthedowntrendbreakisabullishindication,itisstilltoosoontodeclarebulls\'totalvictory.Forsufficientconvictiontoestablish,thepricemustremainstableabovethe$67,000mark. Failuretoholdthislevelmighttriggerabearishpullbackthattestslowersupportlevelsandmightensnareoverconfidentbulls.TheabilityofBitcointomaintainitsupwardmomentumwhileconsolidatinggainswillbeitsnextbigtest.Bullsshouldkeepaneyeoutforimpendingresistancecloseto$70,000andcrucialpricesupportaround$62,970.Theselevelsmightprovideamoresubstantialandprolongedrallyifbuyerskeepfloodingthemarket.Thoughvolatilitymayincreaseaftersuchasignificanttechnicalbreak,cautionisadvised. Dogecoinmovesforward The200-dayEMAisakeytechnicallevelthatDogecoinisabouttocrosswhichcouldsignalasignificantbreakthrough.Strongmomentumandapossibleshiftinmarketsentimentareoftenhintedatbyaspikeintradingvolume,andthememecoinhasmanagedtoovercomethe200-dayEMA,whichhaspreviouslyservedasaformidableresistancelevel. Dogecoiniscurrentlytradingatabout$0.12,alevelithasnotseeninawhilebecauseithadpreviouslystruggledtoriseabovethe$0.11and$0.12benchmarks.Asthesuppliedchartillustrates,thereisadditionalevidencethatbuyersareenteringthemarkettosustainthecurrentrally,whichmayresultinadditionalpricegrowth. Dogecoincouldsetthestageforasustaineduptrend,with$0.13and$0.15aspossibletargetsinthenearfutureifitcansustainitscurrentmomentumandsecureastrongdailycloseabovethe200-dayEMA.SincetheselevelsservedasresistanceinDOGE\'spreviousrecoveryattempts,theyarecrucial. Thepricemayretreattosupportlevelsnear$0.11oreven$0.10,whereitmayconsolidatebeforeattemptingtobreakhigher,butitiscrucialtorememberthatafailuretoholdabovethe200-dayEMAcouldleadtoarejectionandapossiblepullback.Forthetimebeing,everyoneiswatchingtoseeifDogecoincancontinuetoriseandstayabovethe200-dayEMA. u.today
NewBitcoinwhaleshold1.97millionBTC,valuedat$132billion,controlling9.3%ofthetotalBitcoinsupply. Thesewhalesaccumulatedaggressively,withtheirbalanceincreasingby813%in2024,significantlyinfluencingthemarket. Marketanalystssuggestthatthewhales’activitycouldimpactBitcoin’spricetrajectory,especiallyiflargesalesoccur. NotableinsightsareemergingfromtheBitcoinspacerevealingrecentlargeinvestors’activity.FurtherexaminationshowsthattheinfluxofnewBitcoinwhaleswithimmensevolumesofcryptocurrencyisimportingthemarket. InstitutionalWhalescurrentlyownalmost2millionbitcoins. AccordingtorecentdatafromCryptoQuantCEOKiYoungJushowsthatthesenewBitcoinwhalesnowpossess1.97millionBTC.EachwhalehasmorethanonethousandBTCandkeepsitsdigitalassetschieflyinexchange-tradedfunds(ETFs)andcustodianwallets.Theyareprobablyoperatedbybiginvestorsorbyotherpartiessuchascustodialinstitutions.Inaddition,thewhales’holdinghasasmallholdingperiodwithanaverageoflessthan155days,so,itcanbesaidthattheselargeinvestorsenteredthemarketrecently. Newwhalewalletsnowhold1.97M#Bitcoin. Eachhasover1KBTC,averagecoinageunder155days,excludingexchangeandminerwallets,likelycustodial. TheirBTCbalancesurged813%YTD,takingup9.3%ofthetotalsupply,valuedat$132Btoday.pic.twitter.com/pxq0tcqMuW —KiYoungJu(@ki_young_ju)October16,2024 AggressiveBitcoinAccumulationSurges Despiteholdingtheirassetsforjustfivemonths,thesewhaleshavebeenaccumulatingBitcoinatarapidpace.Theircollectivebalancehassurgedby813%in2024alone,reflectingaggressivebuyingbehavior.MarketanalystsbelievethattherecentoffloadingofBitcoinbytheGermangovernmentmayhavecontributedtothissurgeinwhaleacquisitions. Thesewhalesareholding1.97millionBTC,whichcostabout$132billion,makingup9.3%oftheoverallBitcoinsupply.TheseentitiescontrolavastpercentageofthismarkethenceexertingafairlyrobustcontroloverBitcoinsfluctuation.Currently,Bitcoinisat$67,820percoin,althoughthecryptocurrencytouchedthe$68,000psychologicallevelearlier. EventhoughadjustmentsaremadeontheimpactofthecryptoassetonthetradeonBitcoinsprice,investorscontinuetoadoptapositiveattitude.Evaluatingthemarketexpectations,numerousmarketparticipantsexpectevenhigherpricesinthefutureifthecurrenttrendpersists.However,aswithanymasseffect,expertswarnthatifthesewhalesdecidedtocashin,therecouldbeahugecrash. cryptonewsland.com
