Day: March 27, 2024

Fetch.AI, AGIX, OCEAN Talk Merger, Surge Double Digits

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The three leading artificial intelligence blockchain projects —Fetch.AI (FET), SingularityNET (AGIX), and Ocean Protocol (OCEAN)—are on the verge of a potential merger into a new token named Artificial Superintelligence (ASI), with the collective aim of establishing a decentralized AI behemoth. This initiative seeks to position them as formidable contenders against established tech giants such as OpenAI, Google, Microsoft, and Apple, by leveraging the intrinsic benefits of blockchain technology for AI development. Fetch.AI + AGIX + OCEAN = ASI This breaking news was positively received by the market. In the last…

Crypto Chip Company Katena Wins Lawsuit Filed by Bitcoin Miner Coinmint

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“We went through a full discovery process in which Katena produced everything according the panel’s orders, in which Coinmint avoided producing everything,” said Michael Gao, a founder and partner at Katena. “We both had the opportunity … to hire expert witnesses, obviously to defend our case. Cointmint did hire their own expert witness and they had the opportunity to review all of our technical plans, as well as anything in our due diligence report. So they had full access to basically all of the materials produced in discovery.” Original

Mining BTC Was More Profitable in February Than January: Jefferies

Bitcoin (BTC) mining was more profitable in February than in January as the price of the world’s largest cryptocurrency rose 15% while the network hashrate increased at a slower rate of 9%, investment bank Jefferies said in a research report on Monday. Publicly listed North American mining companies produced a smaller share of bitcoin compared with the previous month, slipping to 17.5% of the total network from 19%, as new hashrate came online from other sources, the report said. Hashrate refers to the total combined computational power that is being…

Bitcoin’s move to new highs paused due to intense profit taking; expert says it’s ‘perfectly normal’

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Bitcoin’s advance to $71,375 on March 26, approaching its all-time high, was stalled due to intensified profit-taking activities, according to insights from Glassnode. “Several on-chain indicators have flagged an uptick in profit-taking events,” the analytics firm wrote in a newsletter received by Crypto.news. Glassnode’s analysis revealed that as Bitcoin’s price retracted from its all-time high to a recent low of $61,200, approximately 2.0 million Bitcoin shifted from ‘in-profit’ to ‘in-loss.’ However, as the market recovered slightly, around 1.0 million of these coins regained their ‘in-profit’ status due to the substantial…

Mega Whale Moves 2,000 Dormant Bitcoins From 2010 in Third Series of Transfers This Month

On March 1, a well-known colossal whale holding bitcoins from 2010 activated 2,000 dormant bitcoins across 40 transactions in a single block. Just four days afterward, on March 5, this entity once more made waves by transferring 1,000 bitcoins originating from the same year. For the third instance in March, this entity has returned, reallocating […] Source CryptoX Portal

Bitcoin miner Bitdeer in talks to raise $100m to boost mining capacity

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Jihan Wu-founded crypto mining firm Bitdeer is reportedly seeking $100 million to ramp up its mining capacity. Bitdeer Technologies Holding, a Bitcoin mining firm founded by Jihan Wu, is reportedly in pursuit of $100 million in funding to bolster its mining capabilities, Bloomberg has learned, citing sources close to the matter. According to the report, the Singapore-based company aims to utilize the funds to expand its mining capacity, especially in anticipation of the fourth halving expected in April, which will reduce mining rewards. The valuation of the company following the…

Fetch.ai, SingularityNET, Ocean Protocol to Merge Tokens Into ASI, Create Alliance for Decentralized Artificial Intelligence

AI has seen a surge in mainstream interest since the start of 2023 thanks to tools such as ChatGPT. However, there have been concerns that the largest companies – Microsoft, Alphabet, Amazon, Apple and Meta – will establish an oligarchy over the space. That has spurred blockchain and Web3 companies to throw their hats into the ring to present an alternative where data is more transparent and shared between contributors. Source