Binance Focuses on Future Growth Despite Regulatory Hurdles
June 29 (Cointime) - Despite facing regulatory challenges and losing market share, Binance remains focused on future growth and development. The exchange is implementing machine learning and AI to enhance security and prevent scams on its P2P platform, as well as using computer vision and AI for its KYC process.
Polygon Makes Strategic Investment in Delysium
June 27 (Cointime) - Delysium announced on its official Twitter account that Polygon has made a strategic investment in the company. This investment is not just strategic, but also a shared belief and support for the future convergence of AI and blockchain.
Unveiling the Potential of AI-Metaverse Integration
June 27 (Cointime) - Tech giants like Meta are shifting their focus to AI, indicating that the metaverse may be taking a backseat. Despite claiming that the metaverse remains a priority, Meta's move reflects the growing interest in AI's potential.
In mid-June (06/19~06/23), an overview of Web3 financing projects
In the past week, we have witnessed a series of financing activities spanning various domains such as Web3, DeFi, gaming, NFTs, AI, and data science.
Ex-Goldman Sachs Executive Urges Investors to Buy Bitcoin and Crypto Now
June 22 (Cointime) - Raoul Pal, CEO of Real Vision, advises investors to start buying digital assets, including Bitcoin and other cryptocurrencies, due to favorable macroeconomic conditions. He predicts that the Exponential Age will cause AI and other innovative technology stocks to rise, along with crypto assets.
Crypto industry experiences $417M outflow, Binance diversifies, eToro halts purchases, and UK secures early access to AI models from Google DeepMind, OpenAI, and Anthropic
June 16 (Cointime) - The crypto industry has seen a $417 million outflow in the past eight weeks due to strict regulations and rising interest rates in the US, resulting in a prolonged crypto winter with trading halts and liquidity draining. Crypto companies are adapting their business strategies, with Binance launching a subscription-based cloud mining product for Bitcoin and Andreessen Horowitz opening its first office outside the US in London. CoinShares' latest report shows that cryptocurrency investment products have experienced outflows of $88 million last week, marking the eighth consecutive week of outflows totaling $417 million. Meanwhile, during a speech at London Tech Week, British Prime Minister Rishi Sunak announced that the UK has secured early access to AI models from Google DeepMind, OpenAI, and Anthropic, but it is unclear whether this commitment applies to the general public or only government and priority researchers.
In early June (06/05~06/09), an overview of Web3 financing projects
This article summarizes the financing reports in the blockchain and cryptocurrency field from June 5th to June 9th, 2023.
BBS NYC: AI and Web3 Building a New Perspective for a Sustainable Future
BBS.NYC is a grand event in the blockchain technology industry, held twice a year worldwide. On June 1, 2023, global blockchain experts, developers, and investors gathered in New York to exchange and discuss various topics, including zero-knowledge proofs, digital wallets, distributed science, DeFi, SocialFi, cryptocurrency payments, and the integration of Web3 and AI. Now, let's take a moment to look back at the scene.
Global Search Interest for AI Reaches All-Time High, But Still Falls Short of Bitcoin's 2017 Peak Mania
Google search interest for "AI" has hit a new all-time high globally, but it still falls short of the peak search interest for Bitcoin during its 2017 frenzy.
Terra Classic Community Gets First Look at Block Entropy AI Chain's Capabilities
Edward Kim, a Terra Classic developer and computer science professor at Drexel University, is creating an AI app chain called Block Entropy. The Terra Classic community recently got a glimpse of the app's capabilities, including an AI-generated cat image. Vinh Nguyen, a Vietnam-based developer, showcased the image and touted Block Entropy as the first blockchain-based AI generation engine. The app chain also includes voice generation and AI chat functionalities and will operate on the Terra Classic blockchain. The public testnet for Block Entropy was set to be accessible in mid-May, and the Interchain Accounts module will enable seamless communication with the Terra Classic network once it achieves parity.
ARK Invest's Cathie Wood Warns of AI Disrupting Tech Giants Google, Apple, and Amazon
According to Cathie Wood of ARK Invest, the technology industry's ruling giants are at risk of being disrupted by artificial intelligence (AI). Wood believes that ChatGPT, a chatbot, could potentially enhance Google's products and services, but could also destroy them by taking away the tech giant's advertising revenue. She also named Apple and Amazon as possible victims of AI if something like ChatGPT or another bot learns to scour the web for items and prices better than Amazon. Wood suggests that any platform that has served as an intermediary is at risk of being disintermediated by AI.
Bitcoin could be the solution to combat cybersecurity threats driven by artificial intelligence, says Michael Saylor
Michael Saylor, the executive chairman of MicroStrategy, believes that Bitcoin could be the solution to combat cybersecurity threats driven by artificial intelligence, such as deepfake. He explained that billions of fake accounts are behind a digital "civil war" in today's society, stirring up hatred among real users of digital platforms. Saylor receives nearly 2,000 fake followers every day and believes that the solution for deepfake and other digital trust issues lies in decentralized identities (DIDs). Companies like MicroStrategy, Open AI, and Polygon are working on encrypted signatures and decentralized identity solutions to combat these issues.
Solana Becomes First L1 Blockchain to Adopt AI, But Launch Fails to Uplift SOL's Losing Streak
Solana has become the first L1 blockchain to integrate artificial intelligence (AI) through the newly launched ChatGPT plugin. This marks a significant moment in the convergence of AI and blockchain technology. However, the launch did not have a positive impact on the native token SOL, which continued its losing streak. Despite this, Solana remains the busiest blockchain in the ecosystem, processing over 21 million transactions in the last 24 hours. Additionally, the Solana Foundation has increased funding for its AI-focused grants program from $1 million to $10 million to encourage developers to unlock new possibilities of Solana blockchain and AI convergence.
Goldman Sachs and Microsoft Aim To Boost Web3 Adoption on Canton Blockchain Through AI
Goldman Sachs and Microsoft are collaborating to increase the adoption of Web3 on the Canton blockchain through the use of artificial intelligence (AI). They are joining other traditional finance giants such as Deloitte, S&P Global, Moody's, BNP Paribas, and Cboe Global Markets in building infrastructure during the crypto bear market.
Solana Integrates AI with ChatGPT Plug-in for Improved User Interaction and Onboarding
Solana, a major player in the crypto industry, has integrated artificial intelligence (AI) into its network through a ChatGPT plug-in developed by Solana Labs. The plug-in is designed to help end users understand Solana data and protocols more easily, and to help them onboard seamlessly into the Web 3.0 space. Users can download the ChatGPT plug-in from GitHub and use it to perform several functions, such as buying and listing non-fungible tokens (NFTs), transferring tokens, interpreting data, verifying transactions, and finding NFT collections by floor price. Solana has also announced its decision to increase funding for grants targeted at the development of AI on the Solana blockchain, and has launched an accelerator program for university students to experiment with blockchain and AI.
Crypto Exchange Bitget Limits Use of AI Tools Due to Misinformation Concerns
Bitget, a crypto derivatives exchange, has decided to limit its use of AI tools such as ChatGPT due to concerns about misinformation. The exchange has experienced problematic results, including false information about crypto-related topics, from the use of AI-based chatbots for customer service inquiries. A survey conducted by Bitget found that crypto traders have negative experiences with using AI chatbots. The exchange aims to prioritize a blend of human expertise and technological innovation going forward, as AI tools lack the human touch necessary to interpret market nuances and trends accurately. Bitget's managing director, Gracy Chen, emphasized that AI should never be relied on as a replacement for professional financial advice or own research.
EU and US Collaborate To Establish Interim AI Standards Ahead of New Legislation
The European Union and the United States are collaborating to address the need for interim AI standards before new legislation governing the use of AI is formalized and enacted. Margrethe Vestager, the EU's tech czar, stresses the urgency to establish minimum standards to bridge the gap until the new laws take effect.
AI Meta Club: Transforming the Metaverse Landscape with AIGC Technology
AI Meta Club is a DAO platform that seeks to redefine our interactions, work, and entertainment within the digital realm by harnessing the power of AI and blockchain technology.
Google's AI Believes Shiba Inu Could Reach $0.01 with Decrease in Supply and Increased Adoption
Google's Bard AI has suggested that it is possible for Shiba Inu to reach a value of $0.01, but this would require a significant increase in demand and a decrease in supply. The extensive supply of Shiba Inu needs to be reduced for the asset to witness significant price surges. However, there are a few factors that could contribute to an increase in demand for Shiba Inu, such as the cryptocurrency becoming more widely accepted as a form of payment and the integration of Shiba Inu with BitPay, Binance Pay, and Binance Card. Achieving $0.01 would signify an astounding 116,913% surge in value, but SHIB's chances of success rely heavily on a substantial reduction in supply, as well as increased demand and utility.
Terra Classic (LUNC) Community Conquers Upgrade 2.0.1: Price Skyrockets by 3% – Is a Price Explosion Ahead?
The latest upgrade to the Terra Classic blockchain includes mandatory security updates and a minimum initial deposit for governance proposals. The successful implementation of the v2.0.1 upgrade by the Joint L1 Task Force has resulted in a positive reaction from traders, driving the LUNC price up by 3%. The next major upgrade, the Cosmwasm v1.1.0 upgrade (parity), is scheduled for May 31 and will enable projects and builders on Cosmos and Terra Luna 2.0 to resume development on the Terra Classic chain. The Terra Classic community is also discussing increasing the burn tax to 1.2% and launching a testnet for the AI upgrade called Block Entropy.
