Day: November 20, 2023

DFINITY and SingularityNET partner to advance decentralised AI infrastructure

The DFINITY Foundation and SingularityNET are eyeing decentralised AI infrastructure
The project will integrate the Internet Computer blockchain with the SingularityNET marketplace.
SingularityNET CEO Dr. Ben Goertzel says the collaboration aims to develop infrastructure for decentralised AI and AGI that benefits all of humanity.

The DFINITY Foundation (DFINITY) and decentralised AI marketplace SingularityNET (AGIX) have announced a strategic partnership aimed at advancing the decentralised artificial intelligence (AI) infrastructure ecosystem.

DFINITY and SingularityNET will use the collaboration to build the infrastructure that will bring decentralised AI services to dApps built on the Internet Computer (ICP) blockchain, according to details published in a press release on Monday.

The push for decentralised AI infrastructure

The two companies are collaborating as the push for a decentralised approach to AI and Artificial General Intellogence (AGI) grow. 

An ecosystem that has the right infrastructure will help bring the benefits of this technological leap to humanity.

SingularityNET and DFINITY have each created critical tools and platforms enabling great decentralisation of AI and AGI; bringing these two toolsets together will be an important step toward creating a decentralised AI network for the benefit of all humanity,” Dr. Ben Goertzel, CEO of SingularityNET, said in a statement.

The two organisations plan to synergize their grant programs, with the aim of Deep Funding DFINITY’s Developer Grant Program. In this case, the organisations hope to stimulate the developer community, providing the resources researchers and scientists will need to advance the decentralised AI ecosystem. 

📢 @SingularityNET 🤝 DFINITY Foundation to build AI Models that run on smart contracts

“The collaboration enhances the transparency & trustworthiness of DeAI models developed & deployed on #ICP using SingularityNET’s reputation system and governance framework,” says @dominic_w https://t.co/cyYAV716GM pic.twitter.com/uzIkUSfc2K

— DFINITY (@dfinity) November 20, 2023

ICP will play a crucial role in this quest, Dominic Williams, the founder and chief scientist at the DFINITY Foundation, noted.

The Internet Computer has been at the forefront of hosting artificial intelligence on the blockchain. Since the launch of the $5 million DeAI grant in July, we have seen an uptick in projects leveraging AI on ICP. This initiative with SingularityNET will further realise our vision for DeAI and we’re excited to work alongside Dr. Ben Goertzel and his team to refine the DeAI framework,” he added.

Further collaboration on this endeavour will see the DFINITY Foundation and SingularityNET host joint events at ICP.Hubs around the world. These events will continue over the coming year, with hackathons, seminars, and more available.

Today’s announcement by the DFINITY Foundation and SingularityNET comes as the AI space grappled with the dramatic events at OpenAI. The AI company fired its co-founder and CEO Sam Altman last Friday, and despite reports of efforts to have him reinstated, Altman eventually joined Microsoft.

He is set to lead the tech giant’s new AI team.

The post DFINITY and SingularityNET partner to advance decentralised AI infrastructure appeared first on CoinJournal.

US wants over $4B from Binance to end criminal case: Bloomberg

The US Department of Justice is looking for $4 billion from Binance as settlement over the prolonged investigations against the crypto exchange.
Bloomberg says in a report that talks between the DOJ and Binance have been ongoing for a while and could end within weeks.

The US government is reportedly seeking over $4 billion from Binance, the world’s largest cryptocurrency exchange by trading volume, in order to settle the criminal investigation against it. 

The US Department of Justice and Binance have held discussions over this, Bloomberg News said in a report published on Monday.

The US Justice Department is seeking more than $4 billion from Binance as part of a proposed resolution of a years-long investigation into the world’s largest crypto exchange https://t.co/T3jDuKygLF

— Bloomberg Crypto (@crypto) November 20, 2023

Per the report, the DOJ will want Changpeng Zhao’s crypto behemoth to pay the colossal amount as part of a settlement in a case involving multiple criminal violations.

The talks between Binance and the DOJ also highlight the possibility that Zhao could face criminal charges in the US. This relates to allegations of bank fraud, money laundering and sanctions violations, according to people familiar with the said discussions.

According to the report, talks between the US government and Binance could conclude within weeks.

Bitcoin and BNB prices have spiked to above $37,600 and $262 respectively, up 3% and 7% in the past 24 hours.

The post US wants over $4B from Binance to end criminal case: Bloomberg appeared first on CoinJournal.

Is it time to invest in Memeinator as presale nears stage 7 and price rises?

Memeinator aims to destroy weak meme tokens and dominate the sector.

The token has an immense speculative value and use cases in gaming, staking, and NFTs.

Memeinator presale is attractive as it delivers returns at every stage.

With over $1.43 million out of $1.5 million offered in stage 6, Memeinator’s (MMTR) presale is up and running. The presale occurs in 29 stages, each marked with price increases. For instance, while the price is $0.0133 in stage 6, the token’s value will be $0.014 in stage 7. Investors can enjoy these price gains by buying the token on the project’s website.

What is Memeinator?

Memeinator is an upcoming crypto project that uses AI to grow viral and powerful. The primary aim of Memeinator is to destroy weak meme cryptocurrencies and dominate them. At the end of it all, Memeinator aims to become a $1 billion market cap meme giant. The target is expected to deliver significant ROI to investors. But how does the project achieve the objective?

Thanks to their robust price movements and returns, meme crypto investments have become popular. However, the many memes have been a disappointing investment. Many projects have collapsed or failed to live up to the hype they initially generated. 

Memeinator has a mission to destroy its weak peers using a cold, AI-led ruthless meme-targeting system. The AI updates memes “killer list,” which will be Memeinator’s target. Through the mechanism, Memeinator will only leave quality projects capable of surviving in the future. 

Besides, in a quest to gain a following and popularity, Memeinator will invest heavily in project marketing. The marketing includes partnerships with top influencers and platforms to ensure Memeinator is known. 

To take its meme targeting a notch higher, Memeinator will launch a game at the end of the presale. The game features players in exciting enemy meme contests, crushing, shooting, and burning. The use case strengthens Memeinator’s role in dismantling enemy memes. The game is also an added utility to ensure that Memeinator attracts demand and increases value. 

Should you invest in Memeinator?

Memeinator might be one of the best meme tokens to invest in for the future. First, the project is not the usual pump-and-dump schemes common in the meme sector. It has a clear roadmap, a community, and a value proposition. The roadmap includes a plan for creating the Memeinator team, launching MMTR in the market, and marketing. The project also features a growth plan and how Memeinator will achieve domination.

Secondly, Memeinator solves a real-world problem. Essentially, we should expect the meme cryptocurrencies to continue growing due to blockchain technology. With the growth comes the challenge of locating quality meme investments. Targeting weak meme tokens, Memeinator will help investors make wise investment decisions. As such, the token will attract demand, supporting the value to grow sustainably. 

Perhaps investors might be excited about the AI application by Memeinator. In 2023, AI has become a buzzword thanks to its use in predictive modelling, sentiment analysis, and more. Memeinator will derive value from AI developments. For example, the project uses OpenAI technology and Twitter APIs. As these application areas strengthen, it will boost associated projects such as Memeinator.

Memeinator also has eyes on other crypto utility areas. These include staking and NFTs, which are ways investors generate passive incomes. The use cases unlock Memeinator value through increased uses of the token. 

How attractive is Memeinator’s presale?

Memeinator offers a significant ROI of 132% throughout its 29-stage presale. The token price increases at every stage. Therefore, an earlier-stage investment allows investors to receive more value tokens.

The token also offers more value for investors looking to capitalise on potential post-listing gains. Analysts have earmarked a potential 10x plus token gains once it is listed on exchanges. Presale buyers have an advantage since they already hold discounted tokens to enjoy the initial price move.

The post Is it time to invest in Memeinator as presale nears stage 7 and price rises? appeared first on CoinJournal.

Osaka Digital Exchange introduces Japan’s first digital securities trading platform

The new digital securities platform is known as Start.
Start’s operations are scheduled to commence on December 25.
The platform will start with a $20 million real estate securities issuance

Osaka Digital Exchange (ODX) is set to make history by launching Japan’s inaugural digital securities trading platform, named “Start,” on December 25.

The platform’s regulatory approval from Japan’s financial watchdog on November 16 paves the way for ODX to revolutionize the country’s financial landscape.

Japan’s first digital securities trading platform

Founded in 2021, ODX comprises key players in traditional Japanese finance, including SBI Holdings and Sumitomo Mitsui Financial Group (SMFG). Its proprietary trading system, Start, is designed exclusively for security tokens. This strategic move aligns with the growing global trend of incorporating blockchain and tokenization into traditional financial systems.

To kick off Start’s operations, ODX will issue approximately 3 billion yen (about $20 million) worth of tokenized securities. The issuer, Ichigo Owners, a prominent real estate firm, signifies the practical application of digital securities within the real estate sector. This issuance underscores the potential for blockchain technology to enhance liquidity and accessibility for investors.

ODX’s regulatory approval and the subsequent launch of Start mark a significant milestone in Japan’s digital asset evolution. The involvement of heavyweight financial institutions like SBI Holdings and SMFG highlights the increasing support and interest from traditional finance in Japan for digital asset initiatives. This initiative comes at a time when the broader Asian market is witnessing a shift towards digital securities, with Hong Kong and South Korea also embracing the trend.

The introduction of digital securities trading through the Start platform positions ODX at the forefront of Japan’s financial transformation, offering new avenues for investment diversification and addressing the challenges posed by an ageing population.

The post Osaka Digital Exchange introduces Japan’s first digital securities trading platform appeared first on CoinJournal.

Bitcoin surpasses $37K following the election of a pro-BTC president in Argentina

At press time, Bitcoin was trading at $37,172.29.
BTC broke the $37K mark in the wake of Javier Milei’s victory in the Argentinian presidential elections.
Javier Milei is a pro-Bitcoin politician.

Bitcoin experienced a surge, surpassing the $37,000 mark, in the wake of Javier Milei’s victory in the Argentine presidential election.

Milei, a self-described anarcho-capitalist, clinched the presidency with a significant 55% of the votes, signalling a major political shift in the country.

Pro-Bitcoin stance fuels market confidence

Milei, celebrated for his pro-bitcoin stance, has positioned himself as a supporter of decentralized finance (DeFi) and a critic of central banks. His victory has resonated positively within the cryptocurrency community, with Bitcoin enthusiasts optimistic about the potential impact of a pro-bitcoin leader in Argentina.

While Milei sees Bitcoin as a crucial tool for economic revival, it’s important to note that he has not proposed making Bitcoin legal tender in Argentina. Nevertheless, his commitment to reducing the influence of central banks and embracing decentralized financial systems has propelled Bitcoin to new heights.

Market reacts amid AI token sector gains

The broader cryptocurrency market witnessed an overall increase of nearly 2% in the past 24 hours, with the artificial intelligence (AI)-focused token sector leading the gains as explained in a previous news article

The Bitcoin and broader cryptocurrency surge appears to be driven by both the political developments in Argentina and unrelated positive developments in rising AI projects.

Bitcoin price movements

 

Traders, however, are expressing caution, highlighting potential market reactions following the release of Federal Reserve meeting notes scheduled for Tuesday. The anticipation of low liquidity towards the end of the week adds an element of uncertainty to the market.

As Bitcoin continues to make headlines with Milei’s victory, market participants will be closely monitoring global economic developments and central bank announcements for further insights into potential market shifts.

This news marks a significant moment in the intersection of politics and cryptocurrency, emphasizing the growing influence of political leaders on the digital asset landscape.

The post Bitcoin surpasses $37K following the election of a pro-BTC president in Argentina appeared first on CoinJournal.

Could Shiba Memu be one of the best meme presale investments of 2023?

Shiba Memu uses AI to generate value and market itself.

Shiba Memu presale allows investors to generate returns every day.

SHMU’s potential is huge owing to its value proposition and highly subscribed presale.

Shiba Memu (SHMU) is starring as a potential presale leader in 2023. Not only has the project raised over $4.54 million in presale, but investors have made significant returns. The presale launched at just $0.011125, but the token is now valued at $0.042175. The value implies that you would have nearly made four times buying the token after being offered on presale. But is this the only reason Shiba Memu ranks as an attractive meme investment?

Shiba Memu is a potential 10x or 50x investment

Times have changed, and meme investments rank high among the options available to investors nowadays. As a snapshot, the meme sector is now valued at over $20 billion, up from $0 in 2020. Thanks to new and revolutionary projects like Shiba Memu, the sector is growing bigger and better. 

Forget about big Dogecoin price moves or the 10,000% gains PEPE made earlier this year. Shiba Memu has the potential to post similar margins and remain at the helm for a long time. This has been made possible by AI use, expected to make Shiba Memu a self-marketing powerhouse.

You may be aware that meme tokens are driven mainly by hype. As the enthusiasm fades, so do their prices. Shiba Memu will use AI to market itself, counter adverse sentiment, and write its marketing copies. While it is too early to speculate how much success Shiba Memu will achieve with AI, we can anticipate a lot. 

AI is growing rapidly, and so are newer projects that have tapped into its potential. Shiba Memu continuously learns, and there is a potential to become an extraordinary project in the future. The project team has already lined up an exciting project portfolio, tapping into the new application area. An example is an AI dashboard that lets Shiba Memu users engage with the technology. They can ask questions, hold discussions, and learn about the latest creative advertising strategies.

As AI use grows popular and the meme sector expands, Shiba Memu is expected to reap big. The token potentially lists in early 2024, as the presale has approximately 40 days to conclude. Given how much investors have bought the token and the enthusiasm around it, a 1,000% gain is likely. However, future Shiba Memu predictions are huge. The token could see up to a 50x increase in value due to its sustainability focus. 

Shiba Memu earnings opportunities

Shiba Memu carries a significant speculative value, given its strong proposition. However, investors can also earn by promoting the project to their audience. 

Staking is another way to earn additional SHMU tokens. Investors stake the tokens in a smart contract or staking pool. Through staking, investors lock up some tokens on the Shiba Memu platform. As a result, they contribute to the platform’s growth and generate additional fees and rewards.

Also, investors can provide liquidity to the Shiba Memu pool using a decentralised exchange. Liquidity provision enables investors to generate fees based on the transactions conducted on the exchange. The use cases increase the demand and attractiveness of Shiba Memu.

Is the Shiba Memu presale worth buying?

One of the main advantages of purchasing tokens offered on presale is their low price versus value potential. Tokens on presale are unavailable to most investors, yet they are massively discounted. After listing, the price immediately takes off due to increased demand. Presale buyers enjoy significant returns as prices skyrocket on exchanges.

Shiba Memu carries an additional advantage while on presale. The price of the token increases every day at 6 PM GMT. Each day, investors accumulate gains for the tokens bought. Investors get a meme vibe and enjoy a guaranteed return before the tokens are availed to more investors.

The post Could Shiba Memu be one of the best meme presale investments of 2023? appeared first on CoinJournal.

BREAKING: Sam Altman joins Microsoft, to lead AI research team

Microsoft has hired ex-OpenAI CEO Sam Altman, who will now lead the tech gian’t advanced AI research team.
Microsoft invested billions in OpenAI and was among investors that tried to push for Altman’s return after his ouster last Friday.

Microsoft has pulled it off. The company that tried to push for the reinstatement of ousted OpenAI CEO Sam Altman just announced he was now joining the tech giant.

On Monday November 20, the OpenAI board maintained Altman would not return as CEO, with his role handed to Emmett Shear – the former CEO of Twitch.

And now Satya Nadella, the Chairman and CEO of Microsoft Corporation just announced Altman will join the company. He is also set to lead the tech giant’s new advanced AI research team.

We’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team. We look forward to moving quickly to provide them with the resources needed for their success,” Nadella noted in a post on X:

Microsoft will continue to partner with OpenAI, Nadella said. The company invested $10 billion in the artificial intelligence company.

We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners. We look forward to getting to know Emmett Shear and OAI’s new leadership team and working with them.”

Market observers say this is a big move from Microsoft, one like to cement its position within the AI space. Altman says “the mission continues”, perhaps alluding to continuing in the direction that might have put him at loggerheads with the OpenAI Inc. board

the mission continues https://t.co/d1pHiFxcSe

— Sam Altman (@sama) November 20, 2023

The post BREAKING: Sam Altman joins Microsoft, to lead AI research team appeared first on CoinJournal.

AI tokens surge following Musk’s X Corp unveiling of xAI shareholding

Musk’s announcement of a 25% stake in xAI for X Corp shareholders, along with Grok chatbot testing, sparks AI token surge.
The AI tokens are also responding to the ouster of Sam Altman from OpenAI.
Altman is now headed to Microsoft.

Artificial Intelligence (AI)-focused tokens experienced a significant boost over the weekend, propelled by key developments in the AI sector.

Traders exhibited strong confidence in the long-term growth potential of these tokens, triggered by notable announcements from industry leaders.

Elon Musk’s revelation sparks euphoria

Technology entrepreneur Elon Musk announced that shareholders of X Corp, a conglomerate holding a diverse range of companies, would hold a substantial 25% stake in the newly unveiled AI venture, xAI.

The excitement surrounding this revelation was amplified as xAI initiated testing for its Grok chatbot, leading to the creation of numerous replica tokens.

Sam Altman’s ouster from OpenAI

In a separate development, there were reports that circulated at the beginning of the weekend about the possible return of Sam Altman, founder of OpenAI (developer of ChatGPT), to the company’s board. These reports caused AI cryptocurrencies to surge.

The AI coins have remained bullish even after confirmation that Altman was headed for Microsoft to lead AI research and will not be coming back to OpenAI. His position at OpenAI has been given to Emmett Shear, the ex-CEO and cofounder of Twitch.

Today I got a call inviting me to consider a once-in-a-lifetime opportunity: to become the interim CEO of @OpenAI. After consulting with my family and reflecting on it for just a few hours, I accepted. I had recently resigned from my role as CEO of Twitch due to the birth of my…

— Emmett Shear (@eshear) November 20, 2023

AI token market witnesses substantial gains

The AI crypto market responded positively to the above developments, with notable performances across various tokens.

Bittensor’s TAO recorded a 7.7% increase on Monday, adding to a remarkable 83% rally over the past week.

Render’s RNDR, Ocean Protocol’s OCEAN, Fetch AI’s FET, and SingularityNet’s AGIX are also bullish and have outperformed major cryptocurrencies like Bitcoin. However, smaller AI cryptocurrencies like Synesis One (SNS), LimeWire (LMWR), and nuco.cloud (NCDT) are leading the AI token bull run with 97%, 56%, and 35% price surges respectively.

The broader AI token market cap witnessed an impressive 10% surge on Monday compared to the 1.7% increase in the global cryptocurrency market cap

The recent surge in AI tokens demonstrates the growing prominence of the sector, akin to the impact of gaming applications and decentralized finance (DeFi) tokens in previous market cycles. But, while uncertainties persist, the resilience of AI tokens in the face of corporate developments indicates sustained market interest in the potential of artificial intelligence technologies.

The post AI tokens surge following Musk’s X Corp unveiling of xAI shareholding appeared first on CoinJournal.


Verified by MonsterInsights