Genuine, no bullsh*t, hype-free use cases for AI in crypto: How AIs can help run DAOs and make them genuinely autonomous.
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Real AI use cases in crypto, No. 2: AIs can run DAOs
For every genuine blockchain project harnessing artificial intelligence there are 100 coins trading off the hype.
Magazine spoke with Near founder Illia Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to explore some of the key hype-free, genuine use cases for AI in crypto and blockchain.
We’re rolling out one genuine use case for AI in crypto each day this week — including reasons why you shouldn’t necessarily believe the hype.
MakerDAO is creating an Atlas to the entire project to assist in AI governance (Maker)Decentralized autonomous organizations, as they exist today, are something of a fraud. As Framework Ventures founder Vance Spencer points out, they are “not actually autonomous. There’s a bunch of people in the middle.“
“It just seems like AI is really our only way to actually make the DAO concept work,” he says.
Vitalik Buterin thinks AI may surpass humans, community responds
Members of the AI and blockchain community have shared their views on the concerns posted by the Ethereum founder; some concur, while others disagree with the points laid out by Vitalik Buterin.
Ethereum price falls as regulatory worries and pause in DApp use impact investor sentiment
Ether price struggles amid regulatory concerns and a drop in DApp usage.
Real AI use cases in crypto, No. 1: The best money for AI is crypto
For every genuine blockchain project harnessing artificial intelligence in an attempt to create a better world — like Dr Ben Goertzel’s Singularity.net — there are 100 coins like AI Doge that have simply wedged the hyped-up terms “AI” and “Crypto” together to flog tokens.
AI Doge is the perfect blend of AI and doge-iness.“Those are just fundamental buzzwords,” explains Near blockchain founder Illia Polosukhin, who worked on the groundbreaking “Attention Is All You Need” research that led to large language models like ChatGPT and Claude.
As one of the few people in the world who are as well versed in AI as they are in crypto, Polosukhin says that if you ignore the hype, the technologies really are a good fit.
“There’s a lot of specific things both in AI and Web3 that can use each other or benefit each other,” he says.
Magazine spoke with Polosukhin, Framework Ventures founder Vance Spencer, MakerDAO founder Rune Christensen, Richard Ma from Quantstamp, Ralf Kubli from Casper and others to examine some of the key hype-free, genuine use cases for AI in crypto and blockchain.
Circle and SBI Holdings partner to boost USDC circulation in Japan
The agreement was made in a memorandum of understanding, but SBI Holdings must first register as an electronic payment instruments service provider in the country.
Circle and SBI Holdings partner to boost USDC circulation in Japan
Circle, the stablecoin issuer behind USD Coin (USDC), is teaming up with Tokyo-based financial services firm SBI Holdings to boost the adoption of USDC and Web3 services in Japan.
Circle said it concluded a memorandum of understanding (MOU) with SBI Holdings on Nov. 27, which will underpin the strategic expansion of USDC into Japan.
It comes as the Japanese government revised the Payment Services Act in June to establish regulations for stablecoins, which Circle believes will “stimulate the issuance and circulation of stablecoins in Japan and advance Japan’s transition towards a Web3 economy.”
To initiate the circulation of USDC into Japan, SBI Holdings is seeking registration as an electronic payment instruments service, which is subject to approval by Japanese authorities.
SBI Holdings CEO and President Yoshitaka Kitao hopes it will be a step toward mass stablecoin adoption in the country.
Inferno Drainer says it’s shutting down after helping steal $70M in crypto
“We hope you can remember us as the best drainer that has ever existed,” wrote the scam-as-a-service wallet drainer.
Lightning devs must ‘wake up’ and fix security bugs, not please VCs: Bitcoin dev
Antoine Riard, who left the Lightning Network in October, argues the Lightning Network is also at risk of becoming increasingly centralized and susceptible to single points of failure and censorship risks.
Blast’s marketing approach “cheapens the work of a serious team” — Paradigm
Paradigm, one of Blast’s seed investors, criticized the protocol’s decision to launch a bridge before its L-2 and withdraw capability.
Bitcoin struggles to flip $38K to support, while UNI, IMX, VET and ALGO aim to push higher
Bitcoin (BTC) rose above $38,000 on Nov. 24, but the bulls could not build upon this strength. This suggests hesitation to buy at higher levels. Bitcoin is on track to form a Doji candlestick pattern on the weekly chart for the second consecutive week. This signals indecision among the bulls and the bears about the next directional move.
With Bitcoin maintaining near its 18-month high, BitMEX co-founder Arthur Hayes retained his bullish stance. In a X (formerly Twitter) post, Hayes said that the United States dollar liquidity was increasing, which is likely to push Bitcoin higher.
Crypto market data daily view. Source: Coin360Another bullish projection came from PlanB, creator of the stock-to-flow family of BTC price models, who said in a post on X that Bitcoin may not stay at the current levels for long. PlanB expects Bitcoin to maintain an average price of at least $100,000 between 2024 and 2028.
Analysts have turned increasingly bullish in the past few days, but traders should exercise caution because every uptrend is bound to have corrections.
Could Bitcoin soar above $38,000 or start a corrective phase? Let’s look at the charts of the top 5 cryptocurrencies that may outperform in the near term.
Bitcoin struggles to flip $38K to support, while UNI, IMX, VET and ALGO aim to push higher
Bitcoin is facing resistance at $38,000, but UNI, IMX, VET and ALGO may extend their up-move in the short term.
How to buy Bitcoin and Ethereum in the UK
Buy Bitcoin and Ether legally and securely in the U.K. and get insights on regulations, storage and investment options to make informed decisions.
How to buy Bitcoin and Ethereum in the UK
Buy Bitcoin and Ether legally and securely in the U.K. and get insights on regulations, storage and investment options to make informed decisions.
What’s next for Binance’s Changpeng “CZ” Zhao
According to the U.S. Sentencing Guidelines, CZ could receive a 12-18 month sentence, but the Department of Justice is willing to fight for a longer term.
Cosmos Hub greenlights ATOM inflation cut for security boost
The proposal secured a narrow passage, garnering 41.1% approval votes compared to 38.5% disapproval, marking the highest turnout vote in the Cosmos ecosystem.
Bitcoin bulls hold firm into weekly close: BTC price eyes $39.3K
BTC price action is giving various popular market participants cause to prepare for upside BTC price continuation.
XRP price bull flag hints at 20% rally by New Year's
XRP (XRP) price may rally over 20% in the coming weeks thanks to a classic bullish continuation setup.
XRP price enters bull flag breakout stage
The so-called bull flag pattern develops when the price consolidates inside a parallel channel after a strong uptrend. It resolves after the price breaks above the upper trendline with convincing volumes and rises by as much as the previous uptrend's height.
As of Nov. 26, XRP was trading above its bull flag's upper trendline, albeit accompanying weaker volumes. That technically indicates a weaker conviction among traders about XRP's bullish continuation.
XRP/USD daily price chart. Source: TradingViewThe duration of traders' indecisiveness could have XRP price test the flag's upper trendline as support. That means a decline toward $0.59, coinciding with a historical support level and the 50-day exponential moving average (50-day EMA; the red wave), by November.
This level is also around XRP's downside target on the weekly timeframe chart.
Crypto exchange Zipmex suspends trading activity in Thailand
Cryptocurrency exchange Zipmex has announced it has suspended trading in Thailand due to ensuring it is compliant with local regulations.
Binance onboarded millions into finance but forgot the paperwork — Columbia professor
Binance settlement highlights banks’ and crypto firms’ ambiguous treatment, says Columbia Business School adjunct professor Omid Malekan.