๐ DeAgentAI Launches AlphaX Model With Community Feedback Mechanism
#DeAgentAI #AlphaX #Web3 #AI #feedbackmechanism #ProofOfInsight #BTC #ETH #priceprediction #incentiveprotocol #strategicpartnerships #Bitlayer #KiloEx #oooo #funding #GUESS2049 #onchaintransactions
According to PANews, decentralized AI agent project DeAgentAI has announced the launch of its first model based on the DeAgentAI feedback training mechanism, named AlphaX. DeAgentAI is the first Web3 AI feedback mechanism incentive protocol, integrating feedback mechanisms tightly with the training process to realize the concept of Proof of Insight. This aims to address the challenge of rapidly implementing large models in various specific scenarios.
AlphaX was developed by an AI team from top academic institutions such as Carnegie Mellon University, the University of California, Los Angeles, and the State University of New York. During its beta phase, AlphaX has received widespread recognition from industry leaders and traders. Users can leverage AlphaX to obtain BTC and ETH price prediction signals generated by DeAgentAI's proprietary AI model. By choosing to trust or not trust these signals, users provide feedback that helps the team train the model with more parameters.
To promote the market adoption of AlphaX, DeAgentAI has entered into strategic partnerships with several ecosystem partners, including Bitlayer, KiloEx, and oooo, to jointly host market activities. Additionally, DeAgentAI has launched an incentive plan worth 1 million USDT, giving users the opportunity to share in 20 million tokens prepared for the AAโs Dog activity season.
Earlier this year, DeAgentAI successfully completed a $6 million funding round and, in September, collaborated with over ten leading projects, including B2Network, to host the ecosystem joint event GUESS2049. This event saw participation from 300,000 users who conducted over 440,000 on-chain transactions.#DeAgentAI #AlphaX #Web3 #AI #feedbackmechanism #ProofOfInsight #BTC #ETH #priceprediction #incentiveprotocol #strategicpartnerships #Bitlayer #KiloEx #oooo #funding #GUESS2049 #onchaintransactions
๐ SafePal Launches Zero-Fee Promotion For CeDeFi Banking Channel
#SafePal #CeDeFi #zeroFee #promotion #KYC #Fiat24 #cryptocurrency #banking #finance #SwissFinancialMarketSupervisoryAuthority
According to PANews, SafePal has announced a zero-fee promotion for its CeDeFi banking channel. Users who open an account and complete KYC verification by December 31, 2024, will enjoy a 90-day zero-fee period for deposits and fiat currency transactions. Additionally, users who refer others to open accounts can receive further extensions and additional benefits.
SafePal invested in Fiat24 bank last year and launched the CeDeFi banking channel service within the SafePal App in March this year. Fiat24 is a compliant, crypto-friendly bank with a banking license from the Swiss Financial Market Supervisory Authority (FINMA).#SafePal #CeDeFi #zeroFee #promotion #KYC #Fiat24 #cryptocurrency #banking #finance #SwissFinancialMarketSupervisoryAuthority
๐ SafePal Offers Limited-Time Commission-Free Swiss Bank Account Service
#SafePal #SwissBank #CryptoWallet #CommissionFree #FINMA #BankAccount #GlobalService #Promotion
According to Foresight News, non-custodial crypto wallet brand SafePal has announced a limited-time commission-free promotion for its Swiss bank channel service within its app. Users who successfully open an account by December 31, 2024, will enjoy 90 days of commission-free deposits and withdrawals, with all fees incurred during this period fully refunded to their accounts.
SafePal launched its compliant Swiss bank channel service in March this year. Through the SafePal app, users can apply to open a Swiss bank account licensed by the Swiss Financial Market Supervisory Authority (FINMA). This account supports various functions, including deposits, transfers, currency exchange, and fund movements. The service is currently available for application in over 70 countries and regions worldwide.#SafePal #SwissBank #CryptoWallet #CommissionFree #FINMA #BankAccount #GlobalService #Promotion
๐ Ethereum's Vision Faces Challenges Amid Competition and Development
#Ethereum #CovalentNetwork #blockchain #decentralization #dataavailability #AI #DeFi #GameFi #competition #testnet #ETH #SOL #BTC
According to Odaily, a recent CoinDesk article highlights that Ethereum's original vision is at risk as the network has deviated from its initial goals, focusing more on faster execution speeds and the narrative of 'ultra-sound money.' With the ecosystem developing slowly and facing increased competition from blockchains like Solana and Bitcoin, questions arise about whether Ethereum has lost its way.
To address this challenge, Covalent Network (CXT) has launched the Ethereum Time Machine (EWM) light client testnet. EWM aims to protect Ethereum's historical data, ensuring that data remains decentralized and accessible even as the network clears old data. The testnet is now live, and participants can help maintain Ethereum's decentralized nature by enhancing long-term data availability.
Covalent Network (CXT), a leading modular data infrastructure layer, is dedicated to solving key challenges in the blockchain and AI sectors. By providing structured and verifiable data, Covalent helps reduce the risk of AI models being manipulated or biased. Currently, Covalent is trusted by over 3,000 organizations, offering unrestricted on-chain data access from more than 200 blockchains for AI, DeFi, GameFi, and other fields.#Ethereum #CovalentNetwork #blockchain #decentralization #dataavailability #AI #DeFi #GameFi #competition #testnet #ETH #SOL #BTC
๐ UPCX Mainnet Launches With Token Surge
#UPCX #MainnetLaunch #TokenSurge #Cryptocurrency #Blockchain #EcosystemToken #Wallets #FastTransactions #UserSecurity #ProjectUpdates
According to PANews, the open-source payment project UPCX is set to officially launch its mainnet today. CoinMarketCap data reveals that its ecosystem token, $UPC, has risen to 2 USDT, marking a 24-hour increase of 6.41%.
Currently, the UPCX project has successfully released wallets compatible with Android, Chrome, and iOS, offering users the opportunity to experience lightning-fast transactions. Following the mainnet launch, the project plans to introduce several new features and updates aimed at enhancing user security and experience.#UPCX #MainnetLaunch #TokenSurge #Cryptocurrency #Blockchain #EcosystemToken #Wallets #FastTransactions #UserSecurity #ProjectUpdates
๐ Montenegro To Finalize Extradition Agreement For Terraform Labs Co-Founder Do Kwon
#Montenegro #DoKwon #TerraformLabs #extradition #legaltroubles #TerraLUNA #forgeddocuments #podgorica #BojanBoลพoviฤ
According to PANews, Montenegro's Justice Minister Bojan Boลพoviฤ has confirmed that a decision has been made regarding the extradition of Terraform Labs co-founder Do Kwon. The extradition agreement is expected to be signed by the end of this week. This decision follows a lengthy and contentious legal process that has spanned several months. Boลพoviฤ did not provide further details about the case or disclose the destination of Kwon's extradition. He stated, 'As the Minister of Justice, I have no additional comments beyond what the Supreme Court has already ruled.'
Do Kwon's legal troubles in Montenegro began in March 2023 when he and Terraform's Chief Financial Officer Han Chang-joon were arrested at Podgorica Airport for attempting to use forged documents. Both were sentenced to prison in Montenegro but remained the focus of international extradition requests due to their alleged involvement in the 2022 collapse of TerraLUNA, which resulted in losses exceeding $40 billion. Han Chang-joon was extradited back to South Korea in early 2024 after serving his sentence.#Montenegro #DoKwon #TerraformLabs #extradition #legaltroubles #TerraLUNA #forgeddocuments #podgorica #BojanBoลพoviฤ
๐ Kenya Proposes Real-Time Tax System for Cryptocurrency Transactions
#Kenya #Cryptocurrency #TaxSystem #RealTimeMonitoring #KRA #TaxRevenue #IncomeTax #MachineLearning #ArtificialIntelligence #TaxEvasion
According to PANews, the Kenya Revenue Authority (KRA) has proposed the establishment of a tax system integrated with cryptocurrency trading platforms to enable real-time monitoring of transactions. Under this system, the KRA aims to capture key information from each transaction, such as the time and value of the trade. The tax authority has indicated that the current system is unable to track cryptocurrency transactions, resulting in significant tax revenue losses. The KRA referenced Section 3 of Kenya's Income Tax Act, which permits the taxation of cryptocurrency income. A KRA official stated, 'Our goal is to establish a robust and efficient system to effectively collect cryptocurrency taxes.' In addition to the real-time tax system, Kenya is also considering the use of artificial intelligence (AI) and machine learning technologies to detect tax evasion. These technologies are expected to optimize the KRA's tax collection processes and enhance transparency.#Kenya #Cryptocurrency #TaxSystem #RealTimeMonitoring #KRA #TaxRevenue #IncomeTax #MachineLearning #ArtificialIntelligence #TaxEvasion
๐ High-Risk Loans Reach Highest Level Since June 2022
#HighRiskLoans #Liquidation #Loans #Collateral #MarketUpdate #FinancialNews #IntoTheBlock
According to BlockBeats, data from IntoTheBlock reveals that the total amount of high-risk loans, defined as loans within 5% of their liquidation price, surged to $55 million on Wednesday, marking the highest level since June 2022. Loans within 5% of their liquidation price indicate that if the collateral's value drops by 5%, it will no longer cover the loan, triggering liquidation.
IntoTheBlock stated in a market update, 'Large-scale liquidations could impact collateral values, putting more loans at risk of liquidation, potentially causing a downward price spiral.'#HighRiskLoans #Liquidation #Loans #Collateral #MarketUpdate #FinancialNews #IntoTheBlock
๐ RateX Launches On Solana Mainnet And Partners With Jito And Jupiter
#RateX #Solana #Jito #Jupiter #yieldtrading #blockchain #cryptocurrency #liquiditymining #investments #SolanaFoundation #SOL
According to Foresight News, RateX has launched on the Solana mainnet and formed partnerships with Jito and Jupiter to expand yield trading applications on the Solana blockchain.
RateX offers leveraged yield trading, fixed income investments, and yield liquidity mining. Previously, RateX won first place in the Solana Renaissance Hackathon MCM and received funding from the Solana Foundation as well as investments from multiple venture capital firms.#RateX #Solana #Jito #Jupiter #yieldtrading #blockchain #cryptocurrency #liquiditymining #investments #SolanaFoundation #SOL
๐ Artela Network's Incentive Testnet Wallet Users Surpass 3 Million
#ArtelaNetwork #IncentiveTestnet #WalletUsers #3MillionUsers #PublicChain #Token2049 #Mainnet #TGE #StarProgram #CommunityEngagement #Ecosystem #Celestia #Cosmos
According to BlockBeats, as of October 18, Artela Network's parallel EVM public chain incentive testnet has seen its independent wallet users exceed 3 million, with 2.6 million participants in the activities. The daily active transactions have reached 240,000, making it the leader in active addresses among public chain projects.
During the Token2049 event in Singapore, Artela Network unveiled its latest quarterly roadmap, with plans to officially launch its mainnet and conduct its Token Generation Event (TGE) in Q4 2024. Recently, Artela introduced the Star Program community incentive plan, aimed at promoting community engagement and sustained contributions. Currently, the Artela ecosystem encompasses over 140 projects and has established deep collaborations with leading projects such as Celestia and Cosmos.#ArtelaNetwork #IncentiveTestnet #WalletUsers #3MillionUsers #PublicChain #Token2049 #Mainnet #TGE #StarProgram #CommunityEngagement #Ecosystem #Celestia #Cosmos
๐ Merlin Chain's Market Growth and Technological Advancements Highlighted in Messari Report
#MerlinChain #MarketGrowth #TechnologicalAdvancements #Bitcoin #Layer2 #EVMCompatible #TotalValueLocked #BlockchainTechnology #DeFi #Gaming #AI #SocialFi #Web3 #BTC
According to PANews, research firm Messari has released a detailed report analyzing Merlin Chain, highlighting its position as a leading EVM-compatible Bitcoin Layer 2 platform in integrating native Bitcoin assets.
The report emphasizes that Merlin Chain's total value locked (TVL) reached $3.5 billion by March 2024, showcasing its strong market growth and widespread adoption. Built using Polygon CDK, Merlin Chain plans to transition to Bitcoin's second-layer zero-knowledge solution, demonstrating its forward-thinking approach in blockchain technology innovation and practicality.
Additionally, the report notes that Merlin Chain's ecosystem revolves around native Bitcoin assets such as Ordinals, BRC-20s, and Runes. Its applications span across DeFi, gaming, AI, and SocialFi sectors, underscoring its leadership in expanding Bitcoin's role within the broader Web3 ecosystem.#MerlinChain #MarketGrowth #TechnologicalAdvancements #Bitcoin #Layer2 #EVMCompatible #TotalValueLocked #BlockchainTechnology #DeFi #Gaming #AI #SocialFi #Web3 #BTC
๐ US Treasury Recovers $4 Billion Using AI In 2024 Fiscal Year
#USTreasury #AI #FraudDetection #ImproperPayments #MachineLearning #FinancialCrimes #TaxpayerMoney #DataAnalysis #TransformativeTechnology #EconomicImpact #IRS #TaxEvasion #OnlinePaymentFraud
According to Cointelegraph, the United States Department of Treasury announced on October 17 that it utilized artificial intelligence to recover $4 billion in fraud and improper payments during the 2024 fiscal year. This marks a significant increase from the previous fiscal year, where $652.7 million was recovered.
The Treasury began employing machine learning AI in late 2022. This technology specializes in analyzing large datasets and making decisions and predictions based on the information it processes. Renata Miskell, a Treasury official, described the impact of AI as transformative, stating that leveraging data has significantly improved their fraud detection and prevention capabilities. Miskell emphasized that AI helps uncover hidden patterns and anomalies that fraudsters use to game the system.
Deputy Secretary of the Treasury Wally Adeyemo highlighted the agency's commitment to being effective stewards of taxpayer money. The Treasury processes approximately 1.4 billion payments annually, amounting to a total value of $6.9 trillion. In May, the Treasury announced plans to expand the use of AI to enhance regulatory and enforcement efforts against financial crimes.
The Treasury is not alone in adopting AI technology. In September 2023, the Internal Revenue Service (IRS) revealed that it had deployed AI to detect tax evasion by examining large and complex returns from hedge funds and law firms. Juniper Research has projected that online payment fraud could cumulatively exceed $362 billion by 2028.#USTreasury #AI #FraudDetection #ImproperPayments #MachineLearning #FinancialCrimes #TaxpayerMoney #DataAnalysis #TransformativeTechnology #EconomicImpact #IRS #TaxEvasion #OnlinePaymentFraud
๐ Yellow Card Secures $33 Million In Series C Funding Led By Blockchain Capital
#YellowCard #SeriesC #Funding #BlockchainCapital #Fintech #Africa #Stablecoins #Finance #Investment #OnRamp #OffRamp #Payments
According to Odaily, Pan-African fintech company Yellow Card has successfully raised $33 million in a Series C funding round, with Blockchain Capital leading the investment. Yellow Card is a prominent fintech firm in Africa, offering financial infrastructure based on stablecoins. As the continent's largest and first licensed stablecoin on/off-ramp platform, the company provides businesses of all sizes with a secure and cost-effective method to buy and sell currencies such as USDT, USDC, and PYUSD in local currencies. Transactions can be conducted directly or through its payment API.#YellowCard #SeriesC #Funding #BlockchainCapital #Fintech #Africa #Stablecoins #Finance #Investment #OnRamp #OffRamp #Payments
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๐ Craig Wright Initiates New Legal Action Against Bitcoin Core Developers
#CraigWright #Bitcoin #BitcoinCore #SatoshiNakamoto #BitcoinCash #BitcoinSV #Hodlonaut #COPA #LegalAction #HighCourt
According to PANews, Craig Wright has launched another legal action following the dismissal of his claim to be Bitcoin's creator, Satoshi Nakamoto, by the UK High Court. This time, Wright is targeting Bitcoin Core developers, alleging that they have incorrectly described Bitcoin Cash (BTC) as the original Bitcoin. Wright maintains that Bitcoin SV (BSV) is the true version of Bitcoin, aligning with Satoshi Nakamoto's original vision. Wright's claim, filed in the London High Court's Chancery Division, estimates damages up to ยฃ911,050,000,000, based on the market valuation differences between Bitcoin and BSV.
Hodlonaut, who previously won a defamation case against Wright in Norway, criticized Wright's latest legal move. In a statement, Hodlonaut remarked, 'When no reputable law firm is willing to continue defending Wright's series of lies and forgeries, Wright starts using ChatGPT to represent him in increasingly absurd legal dramas, which is very much in character for him. Of course, this will not end well for Wright.' In response to Wright's ongoing legal actions, COPA issued a statement noting their awareness of Wright's recent lawsuit. They expressed confidence that this legal attempt would fail, similar to his previous efforts.
Earlier this year, in a decisive legal battle, Judge Mellor of the COPA v. Wright case ruled that the evidence against Wright was 'overwhelming' and concluded that Wright is neither the author of the Bitcoin whitepaper nor Satoshi Nakamoto.#CraigWright #Bitcoin #BitcoinCore #SatoshiNakamoto #BitcoinCash #BitcoinSV #Hodlonaut #COPA #LegalAction #HighCourt
๐ Smart Money Earns Over $550,000 Through Daram And Frogs Minting
#SmartMoney #Daram #Frogs #TokenMinting #CryptoEarnings #Blockchain #ETH #GasFees #CryptoInvestment
According to BlockBeats, a Smart Money entity has successfully earned over $550,000 within six days by minting Daram and Frogs tokens for free. The entity utilized 918 wallets to mint 4.59 billion Daram tokens, incurring approximately $10,000 in gas fees. Additionally, it used 880 wallets to mint 8.8 trillion Frogs tokens, with gas fees amounting to around $7,000.
The Smart Money entity subsequently sold all 8.8 trillion Frogs tokens, receiving 26.56 ETH (approximately $69,000). It also sold 3.23 billion Daram tokens, obtaining 69 ETH (around $180,000). The entity still holds 1.36 billion Daram tokens, valued at approximately $319,000.#SmartMoney #Daram #Frogs #TokenMinting #CryptoEarnings #Blockchain #ETH #GasFees #CryptoInvestment
๐ Cobo CEO Discusses Measures to Counter Radiant Capital Hack
#Cobo #RadiantCapital #hack #security #blockchain #hardwarewallets #cybersecurity #transactionsecurity #automatedmonitoring #timelock
According to Odaily, Cobo co-founder and CEO Shenyu commented on the recent Radiant Capital hack, outlining several measures the industry can take to address such complex attacks. Firstly, project teams and security companies should conduct thorough inspections of high-privilege sensitive contracts. Implementing a time lock, even as short as 10 minutes, can effectively mitigate attacks. Additionally, an automated monitoring and alert mechanism should be added.
Secondly, to temporarily alleviate the issue of blind signing on hardware wallets, users should first obtain and parse the information to be signed through an app from the hardware wallet. Lastly, integrating complex transaction parsing functions within hardware wallets can enhance transaction transparency and security.#Cobo #RadiantCapital #hack #security #blockchain #hardwarewallets #cybersecurity #transactionsecurity #automatedmonitoring #timelock
๐ Raoul Pal Discusses Bitcoin ETF Usage by Hedge Funds
#RaoulPal #BitcoinETF #HedgeFunds #Arbitrage #CryptoMarket #InvestmentStrategy #FinancialInsights #BTC
According to Odaily, former Goldman Sachs executive and founder of macro research firm Real Vision, Raoul Pal, recently shared his insights on X regarding the usage of Bitcoin ETFs. Pal highlighted that the primary users of Bitcoin ETFs are hedge funds, which engage in arbitrage between spot, futures, and perpetual contracts. He emphasized that the inflow of funds into Bitcoin ETFs is not predominantly directional and only has a marginal impact on the market.
Pal elaborated that most of the capital flowing into Bitcoin ETFs is not based on investors betting on the long-term price movements of Bitcoin. Instead, these funds are primarily from hedge funds that use ETFs for short-term arbitrage, aiming to profit from price discrepancies rather than relying on the actual price trends of Bitcoin. This activity, according to Pal, does not significantly reflect the broader market sentiment towards Bitcoin's price movements.#RaoulPal #BitcoinETF #HedgeFunds #Arbitrage #CryptoMarket #InvestmentStrategy #FinancialInsights #BTC
๐ DWF Labs Expands Trading Platform To Include Web3 Asset Options
#DWF #Web3 #TradingPlatform #OptionsTrading #Crypto #Investment
According to BlockBeats, on October 18, DWF Labs announced the expansion of its trading platform to include options trading for Web3 assets. This new feature will enable traders to hedge positions, speculate on market movements, and exercise more precise control over their investment portfolios.#DWF #Web3 #TradingPlatform #OptionsTrading #Crypto #Investment
๐ LetsExchange Launches Qubic Spot Trading
#LetsExchange #Qubic #QUBIC #spottrading #cryptocurrency
According to BlockBeats, on October 18, the cryptocurrency exchange platform LetsExchange announced the launch of Qubic (QUBIC) spot trading. Users can now exchange any cryptocurrency for Qubic on this trading platform.#LetsExchange #Qubic #QUBIC #spottrading #cryptocurrency
๐ UAE To Introduce Legal Framework For DAOs
#UAE #DAOs #DigitalAssets #Web3 #DecentralizedGovernance #LegalFramework #Blockchain #VirtualAssets #Entrepreneurs #Innovation #RAKDAO
According to Cointelegraph, the Ras Al Khaimah Digital Assets Oasis (RAK DAO), a free economic zone in the United Arab Emirates focused on digital assets, is set to introduce a legal framework for decentralized autonomous organizations (DAOs). The new regime will be introduced and discussed at the DAO Legal Clinic on Oct. 25, as announced by law firm NeosLegal and RAK DAO.
Irina Heaver, a partner at NeosLegal, stated that the framework is expected to clarify how DAOs can remain legally compliant, which she believes will significantly impact decentralized governance and the broader Web3 ecosystem in the UAE. The new framework will address legal and governance requirements for DAOs, including establishing a legal structure. This structure will clarify tax obligations and benefits, enable property ownership of onchain and offchain assets, and provide legal protection from personal liability for a DAOโs founders, members, and contributors.
The legal framework will also enable DAOs to enter legally binding contracts and establish guidelines for resolving internal and external disputes. Heaver mentioned that DAOs can be registered in the UAE under the new regime without physically being in the country, allowing them to be โestablished remotely.โ This remote accessibility makes it easier for global participants to engage with the UAEโs burgeoning virtual assets sector.
Heaver believes that introducing the legal framework would continue to establish the UAEโs position as a global hub for blockchain and digital asset innovation, attracting entrepreneurs and developers. While Switzerland also allows DAOs to be set up through a legal wrapper, the process in the UAE is much more cost-effective. In Switzerland, a DAO setup may cost up to $46,000, whereas in the UAE, the process could start at $3,000. This affordability allows even the smallest DAOs to protect themselves and operate within a legal framework.#UAE #DAOs #DigitalAssets #Web3 #DecentralizedGovernance #LegalFramework #Blockchain #VirtualAssets #Entrepreneurs #Innovation #RAKDAO
๐ Ethereum Gas Fees Reach Seven-Day High
#Ethereum #GasFees #Crypto #Blockchain #TransactionCosts #Ethereum2.0 #Layer2 #NetworkScalability #Etherscan #ETH
According to Foresight News, data from Etherscan indicates that Ethereum gas fees have surged to 55 Gwei today, marking a seven-day high. The current cost for a swap transaction ranges from $50.84 to $53.21.
This increase in gas fees reflects heightened activity on the Ethereum network, which can lead to higher transaction costs for users. Gas fees are a critical component of the Ethereum blockchain, as they compensate miners for the computational power required to process transactions and execute smart contracts.
The fluctuation in gas fees can be influenced by various factors, including network congestion, the complexity of transactions, and overall demand for Ethereum-based services. Users and developers often monitor gas fees closely to optimize transaction costs and ensure efficient use of the network.
As the Ethereum ecosystem continues to grow, managing gas fees remains a significant concern for the community. Solutions such as Ethereum 2.0 and layer-2 scaling technologies are being developed to address these challenges and improve the network's scalability and efficiency.#Ethereum #GasFees #Crypto #Blockchain #TransactionCosts #Ethereum2.0 #Layer2 #NetworkScalability #Etherscan #ETH