Cryptocurrency Archives - AiThority https://aithority.com/category/technology/cryptocurrency/ Artificial Intelligence | News | Insights | AiThority Tue, 09 Jan 2024 08:36:13 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://aithority.com/wp-content/uploads/2023/09/cropped-0-2951_aithority-logo-hd-png-download-removebg-preview-32x32.png Cryptocurrency Archives - AiThority https://aithority.com/category/technology/cryptocurrency/ 32 32 CODEX: Choose CODEX for a Cutting-Edge Future in the Ethereum Blockchain and Beyond! https://aithority.com/technology/codex-choose-codex-for-a-cutting-edge-future-in-the-ethereum-blockchain-and-beyond/ Tue, 09 Jan 2024 08:36:13 +0000 https://aithority.com/?p=556285 CODEX: Choose CODEX for a Cutting-Edge Future in the Ethereum Blockchain and Beyond!

In the ever-expanding world of cryptocurrencies, CODEX emerges as a game-changer, offering a suite of services that redefine how we engage with digital assets. Let’s delve into the groundbreaking utilities this project introduces, opening new doors to simplicity, privacy, and accessibility. Recommended AI News: Riding on the Generative AI Hype, CDP Needs a New Definition in […]

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CODEX: Choose CODEX for a Cutting-Edge Future in the Ethereum Blockchain and Beyond!

In the ever-expanding world of cryptocurrencies, CODEX emerges as a game-changer, offering a suite of services that redefine how we engage with digital assets. Let’s delve into the groundbreaking utilities this project introduces, opening new doors to simplicity, privacy, and accessibility.

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The Utilities:

Codex Marketing (BOT):

The CODEX Marketing Bot stands as a groundbreaking tool set to revolutionize how blockchain projects and crypto-enterprises position themselves within the digital marketplace. Specializing in the provision of services such as dApps, trend analysis, voting, and the amplification of social media interactions, this bot is engineered to maximize the visibility and engagement of our clientele.

Through the Marketing Bot, CODEX delivers a comprehensive suite of automated marketing tools that work in synergy to augment a brand’s online presence. From securing votes that elevate a project’s rank to deploying targeted strategies that spur conversation and interaction across major social media platforms, each service is crafted to organically integrate into the web’s dynamics, adhering to platform guidelines and maintaining user integrity.

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For blockchain startups, the CODEX Marketing Bot becomes an essential ally, capable of accelerating growth processes and laying the groundwork for a robust and engaged community. The intuitiveness of the interface and the efficacy of the algorithms ensure a seamless user experience and quantifiable outcomes, making CODEX’s services highly sought-after in an increasingly competitive market.

Swap: Revolutionizing Decentralized Trading

CODEX Swap is a decentralized trading architecture empowering seamless exchanges within the Ethereum landscape. This platform ensures a secure, non-custodial environment, tapping into deep liquidity pools fostered by our community.

Innovations in CODEX Swap:

Gas Fee Elimination: By utilizing meta-transactions, CODEX Swap eradicates upfront gas fees, promoting inclusivity for all traders.
Transaction Security: The platform guards against frontrunning risks, ensuring trade integrity and security.
Minimal Transaction Fee: A nominal 0.05% transaction fee fuels community projects and rewards liquidity contributors.

Using CODEX Swap:

Accessible through integrated browsers or web browsers.
Facilitates ERC20 token trading without worrying about additional ETH gas fees.
A step-by-step process guides users through token swaps, including managing ETH transactions seamlessly.

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[To share your insights with us, please write to sghosh@martechseries.com]

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Bitop Collaboration with Banxa Provides Secure, Digital Asset Exchange Solutions https://aithority.com/technology/bitop-collaboration-with-banxa-provides-secure-digital-asset-exchange-solutions/ Fri, 15 Dec 2023 19:19:52 +0000 https://aithority.com/?p=552962 Bitop Collaboration with Banxa Provides Secure, Digital Asset Exchange Solutions

Partnership will expand global diversified payment options to users in Eurasia and Latin America Bitop Exchange, a leading cryptocurrency exchange platform providing a secure, comfortable and equitable digital asset investment environment for users worldwide, announces its strategic partnership with Banxa, a globally leading payment solutions platform. The collaboration aims to provide compliant and convenient fiat-to-digital […]

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Bitop Collaboration with Banxa Provides Secure, Digital Asset Exchange Solutions

Partnership will expand global diversified payment options to users in Eurasia and Latin America

Bitop Exchange, a leading cryptocurrency exchange platform providing a secure, comfortable and equitable digital asset investment environment for users worldwide, announces its strategic partnership with Banxa, a globally leading payment solutions platform. The collaboration aims to provide compliant and convenient fiat-to-digital asset exchange services in regions such as Eurasia and Latin America.

AIThority Predictions Series 2024 bannerRecommended AI News: Riding on the Generative AI Hype, CDP Needs a New Definition in 2024

Guided by the principles of customer-centricity and asset security, Bitop recognizes the importance of choosing a reliable and secure payment gateway for a trading platform. The payment gateway is a critical component for processing online transaction payments, directly impacting user payment experiences and transaction security. As a licensed and regulated financial institution, Banxa possesses a comprehensive set of stringent security payment solutions dedicated to ensuring the safety of user transactions.

Banxa excels in critical aspects of financial technology, including business scale, compliance, security and convenience, making it a valued partner for Bitop as it expands its role as the world’s leading social cryptocurrency trading exchange.

Through this collaboration, there are numerous benefits for both Bitop’s development and its users:

  1. Global Diversified Payment Options: By partnering with Banxa, Bitop will offer users in Eurasia and Latin America more deposit and withdrawal options, including credit cards (Visa/Mastercard), bank transfers, and local third-party payment methods such as Brazil’s PIX. These choices cater to the specific needs of customers in different regions.
  2. Regionalized Customized Services: Banxa provides tailored regional services, assisting Bitop in attracting a global user base while enhancing the overall user payment experience.
  3. Increased Exchange Efficiency: Banxa streamlines the purchasing process, allowing Bitop users to acquire digital currencies with minimal steps or clicks, maximizing user efficiency.
  4. Lower Transaction Costs: Leveraging Banxa’s collaboration with local banking infrastructure, Bitop users can bypass the complexities of cross-border transactions. This not only provides a more user-friendly payment experience but also ensures lower transaction costs.

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The management teams of Bitop and Banxa are optimistic about this collaboration and the future. Both parties will collaborate closely, integrating technology and resources to provide users with a more convenient and secure payment experience, injecting new vitality into the cryptocurrency industry. In the future, they plan to launch more convenient payment channels to meet the needs of users in additional countries.

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[To share your insights with us, please write to sghosh@martechseries.com]

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Panda Financ3 Presents Automated Yield Farming, Education, and Community Governance https://aithority.com/technology/panda-financ3-presents-automated-yield-farming-education-and-community-governance/ Thu, 14 Dec 2023 18:46:14 +0000 https://aithority.com/?p=552686 Panda Financ3 Presents Automated Yield Farming, Education, and Community Governance

Panda Financ3 is a new DeFi platform that aims to simplify and secure the use of cryptocurrencies for anyone The team at Panda Financ3 is excited to announce the launch of its new automated yield farming feature. The utility will launch with noteworthy features like education and community governance, appealing to a large group of crypto enthusiasts. […]

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Panda Financ3 Presents Automated Yield Farming, Education, and Community Governance

Panda Financ3 is a new DeFi platform that aims to simplify and secure the use of cryptocurrencies for anyone

The team at Panda Financ3 is excited to announce the launch of its new automated yield farming feature. The utility will launch with noteworthy features like education and community governance, appealing to a large group of crypto enthusiasts.AIThority Predictions Series 2024 banner

A passionate team of crypto veterans backed by extensive experience in the industry is leading the project. Panda Financ3 aims to empower users with the tools and knowledge to achieve financial excellence.

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Introducing Automated Yield Farming

Yield farming represents a new-age investment method in the DeFi space. Essentially, it is the practice of generating passive income through cryptocurrencies.

Users can lock and stake their cryptocurrencies in various liquidity pools to earn additional tokens as rewards. Panda Financ3 automates this process through cutting-edge technology, providing users with a seamless and secure experience.

This Automated Yield Farming feature allows investors to maximize their returns without needing constant monitoring or manual intervention.

This allows even novice investors to participate in yield farming easily, making it accessible to a wider audience.

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Education, Community Governance, and More

It’s not just about yield farming, as the team’s roadmap features many more milestones. The Panda Academy platform, for instance, will be a Web3 educational hub for the whole project community.

Furthermore, as a decentralized project, Panda Finance3 will provide opportunities for community governance through its ecosystem. At the core of the project, Panda Financ3 will launch its native token with a pre-determined allocation:

  • The presale operation will involve 3.3 billion tokens without vesting or lock periods.
  • Liquidity will receive 2.2 billion tokens with no vesting or lock enforced.
  • Staking and farming will require 2.2 billion tokens with no restrictions.
  • Centralized exchange (CEX) listings will use 1.1 billion tokens, locked for six months.
  • Research and development will receive 550 million tokens, with an 18-month lock.
  • The community and rewards program will have access to 550 million tokens without any vesting or lock periods.
  • The team’s allocations, amounting to 550 million tokens, will be released in increments over a specific time frame. Initially, the first 10% of these tokens will become available after 90 days, followed by 3% every 60 days.
  • Lastly, the project has set aside another 550 million tokens for emergencies and long-term stability. These funds will have a lock-up period of 18 months.

In its official documentation, the team also mentioned the intention to launch a decentralized exchange (DEX). The initiative would allow P2P operations thanks to the project’s upcoming native wallet.

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[To share your insights with us, please write to sghosh@martechseries.com]

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Crypto Arbitrage Owl AI Secret Method Forecasts Higher Revenue in FY 2024 https://aithority.com/technology/cryptocurrency/crypto-arbitrage-owl-ai-secret-method-forecasts-higher-revenue-in-fy-2024/ Tue, 05 Dec 2023 18:35:48 +0000 https://aithority.com/?p=550846 Crypto Arbitrage Owl AI Secret Method Forecasts Higher Revenue in FY 2024

Crypto Arbitrage Owl unveils their plans to commercialize its AI algorithm model (LDA2) Linear Discriminant Analysis 2 because the algorithm model focuses on having a larger picture in the process of adopting AI arbitrage techniques on mainstream blockchain networks. The Crypto Arbitrage Owl company undeniably achieved profitability year-to-date, with its application series demonstrating robust interactivity. According […]

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Crypto Arbitrage Owl AI Secret Method Forecasts Higher Revenue in FY 2024

Crypto Arbitrage Owl unveils their plans to commercialize its AI algorithm model (LDA2) Linear Discriminant Analysis 2 because the algorithm model focuses on having a larger picture in the process of adopting AI arbitrage techniques on mainstream blockchain networks.

AIThority Predictions Series 2024 bannerThe Crypto Arbitrage Owl company undeniably achieved profitability year-to-date, with its application series demonstrating robust interactivity. According to the company’s recently released quarterly financial report, it has approximately 68,000 daily active users and around 92,000 monthly active users. The company’s revenue is approximately $53 million, emphasizing that pipeline products, including the AI products such as “Scalping Strategy”, “Encryptor”, and “learner”, will significantly boost its revenue in the coming quarters once their usage peaks.

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Furthermore, with more venture capital entering the industry, competition for artificial intelligence trading products is notably higher than before the COVID-19 pandemic. Meanwhile, Crypto Arbitrage Owl’s CEO, Chris Thiel, stated during the quarterly financial report conference call that shareholders should not expect the LDA2 model product and other original projects to generate substantial revenue. Nevertheless, Chris Thiel pointed out that due to the high demand and growth of data centers and AI-related products, the company’s revenue may experience growth in the FY 2024.

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To ensure rapid development and attract a significant amount of new talent, Crypto Arbitrage Owl chooses to leverage third-party developers to enhance its Linear Discriminant Analysis 2 and other AI arbitrage-related services. The company’s Chief Architect, Joven Park, stated that the open-source community is committed to developing the first version of LDA 2 to make it faster and capable of operating in the cryptocurrency space. Therefore, Joven Park emphasizes that he is monitoring how developers focused on artificial intelligence are building LDA 2 technology. “One reason we haven’t immediately used it is because we’re more interested in what the open-source community will do with it,” noted Joven Park. During the Connect event held internally on September 27th, Chief Technology Officer Peter Aaron of Crypto Arbitrage Owl highlighted the importance of LDA 2 as open-source software, aligning with the company’s core vision in embracing the web 3.0 era.

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[To share your insights with us, please write to sghosh@martechseries.com]

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Retail Crypto Traders ‘Increasingly Interested in Altcoins’ https://aithority.com/machine-learning/retail-crypto-traders-increasingly-interested-in-altcoins/ Thu, 23 Nov 2023 13:09:49 +0000 https://aithority.com/?p=549007 Retail Crypto Traders ‘Increasingly Interested in Altcoins’

Nearly half are checking altcoin prices at least once an hour, GNY study finds GNY Range Report uses advanced AI Crypto Intelligence to forecast the volatility of the 12 top cryptocurrencies  Retail crypto traders are increasingly interested in altcoins as prices become less linked to the dominant Bitcoin, new international research* from GNY Limited, the […]

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Retail Crypto Traders ‘Increasingly Interested in Altcoins’
  • Nearly half are checking altcoin prices at least once an hour, GNY study finds

  • GNY Range Report uses advanced AI Crypto Intelligence to forecast the volatility of the 12 top cryptocurrencies

 Retail crypto traders are increasingly interested in altcoins as prices become less linked to the dominant Bitcoin, new international research* from GNY Limited, the leading blockchain-based machine learning business, shows.

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Its global study with traders trading at least $5,000 a month on cryptocurrencies found nearly two out of three (64%) believe both trading volumes and demand for altcoins will increase as their prices become less correlated to Bitcoin.

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GNY has developed the free AI-powered Range Report,  a cutting-edge machine learning tool designed specifically to forecast the volatility of the 12 top cryptocurrencies by leveraging multiple data points and advanced algorithms. GNY has further enhanced the tool to use large language models (LLMs) such as OpenAI’s ChatGPT and Meta’s LLaMa 2. making it even easier for users to identify notable changes in trends and signals in the crypto market.

Its research found nearly half (45%) of non-professional traders check altcoin prices at least once an hour with nearly a third (31%) saying they monitor altcoin prices all the time. Just 13% say they only check altcoin prices once a day while 6% estimate they check prices every few days

The study found that on average non-professional traders estimate Bitcoin will make up 35% of their monthly trading this year. Around a fifth (18%) say it makes up 50% or more of their monthly cryptocurrency trading.

GNY’s innovative platform empowers traders with accurate intelligence on potential price fluctuations, helping them make informed investment decisions as well as providing guidance on how to use and read charts, and market wide information. It simplifies the complex world of crypto into digestible information.

Cosmas Wong, CEO GNY said: “As many leading Altcoins become more established, they are becoming increasingly popular with crypto investors and traders. There is also growing evidence that many are becoming less correlated with Bitcoin, which increases their level of attractiveness as it enables traders and investors to more easily diversify their portfolios.”

“The GNY Range Report is not a traditional news or chart aggregation platform. It leverages the power of machine learning to identify patterns in top crypto assets’ historical trading in order to forecast price volatility, delivering them in an approachable way.”

GNY.io is also using Large Language Models, another exploding sector of AI, to help make the insights in the GNY Range Report even more accessible.  “Even looking at the GNY Range Report, which is extremely streamlined, can be too much for people who are interested in crypto but short on bandwidth”, says Wong. “Our AI Readouts will summarize the chart trends and eventually users will be able to interact with the models to customize the information they want, set alerts and customise notifications.”

GNY.io will also launch DataNFTs, or DNFTs, which will lay the foundation for openness and transparency into GNY’s processes, and for trustless ML collaboration. Using GNY DNFTs, community members and developers will be able to contribute data, models and other work products to the GNY Range Report and securely track usage, earnings, and subsequent implementation and data collaboration.

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How to use the report 

The GNY Range Report is a cutting-edge machine learning tool designed specifically to forecast the volatility of the 12 top (soon to be 25) cryptocurrencies. By leveraging multiple data points and advanced algorithms, the innovative platform empowers traders with accurate intel into potential price fluctuations, helping them make more informed trading decisions.

Unlike traditional market analysis tools, the GNY Range Report serves as a centralised hub, gathering and consolidating all relevant information in one place. The GNY Range Report ensures traders have access to the most pertinent data without feeling overwhelmed.

With its user-friendly interface and intuitive design, the GNY Range Report caters to both professional traders and passionate enthusiasts. It is a prosumer product that combines the robustness required for in-depth analysis with the accessibility needed for traders at any level of expertise.

Notes to Editors

  • * IO commissioned the independent research company Pureprofile to survey 100 cryptocurrency traders who trade at least $5,000 a month. The survey was conducted in July 2023 with respondents from the UK, US, Germany, Brazil, Hong Kong, Singapore, UAE and South Africa.

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[To share your insights with us, please write to sghosh@martechseries.com]

 

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Skale and Cryptopia Collaborates https://aithority.com/technology/skale-and-cryptopia-collaborates/ Thu, 23 Nov 2023 10:42:16 +0000 https://aithority.com/?p=548946 Skale and Cryptopia Collaborates

Making Free-to-play-and-earn A Reality For Gamers With great excitement, we are pleased to announce our partnership with Skale, a zero-gas fee EVM blockchain. As a pioneering free-to-play-and-earn game that embodies the spirit of a new era in gaming, this alliance is set to transform the gaming landscape by empowering players to combine fun and earning […]

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Skale and Cryptopia Collaborates

Making Free-to-play-and-earn A Reality For Gamers

With great excitement, we are pleased to announce our partnership with Skale, a zero-gas fee EVM blockchain. As a pioneering free-to-play-and-earn game that embodies the spirit of a new era in gaming, this alliance is set to transform the gaming landscape by empowering players to combine fun and earning opportunities without the constraints of excessive fees or financial barriers.

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We are living in exciting times. Gradually, we are entering an era where games are not only for fun but also offer a seamless play-to-earn model. This era is set to change how we think about blockchain games.

Why is this important?

Like every other industry, the P2E (play-to-earn) gaming world is undergoing a remarkable transformation. We’re witnessing the rise of an era where on-chain gaming isn’t just a form of entertainment, but also a source of income, without causing stress to players.

In this ever-evolving landscape, Cryptopia doesn’t just emerge as a game, but as a pioneer of this new free-to-play-and-earn era. It represents a gateway that allows players to dive into a world where enjoyment and earning are not just parallel but intertwined paths.

However, realizing the vision of a game that’s both free to play and rewarding to engage with presents its unique challenges. The most significant of these is cost – the hidden fees and expenses that often limit a player’s earnings and enthusiasm. This is where Skale becomes not just relevant, but revolutionary.

How does Skale come in?

By integrating Skale’s zero gas fee EVM technology, we’re dismantling the financial barriers that will hinder the full potential of Cryptopia’s play-to-earn model.This technology is a literal game-changer. It paves the way for a gaming experience where the focus shifts back to what’s important: the joy of playing and the thrill of earning. We’ve made free-to-play-and-earn easy!

This partnership with Skale is more than just about technology integration; it’s a bold statement. It declares that Skale is out to reshape the gaming experience, to make it more inclusive, more rewarding, and more thrilling than ever before. It’s our commitment to the players – to provide a platform where their passion for gaming aligns with tangible rewards, without the burden of hidden costs. We envision a future where the boundaries between playing for fun and playing for profit blur, creating a compelling and empowering gaming experience.

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What this means to Cryptopia

Skale’s innovative Layer-2 scaling solution will bring a multitude of benefits to Cryptopia, enabling it to fully realize its potential as a leading P2E game:

  • Reduced Transaction Costs: Skale’s zero gas fee EVM blockchain significantly reduces transaction costs. For a free-to-play-and-earn game like Cryptopia, this is crucial, as it makes the game more accessible and appealing to a broader audience by removing financial barriers.
  • Multichain Expansion and Interoperability:  By integrating with Skale, Cryptopia advances towards its goal of becoming a multichain platform. This not only enhances the game’s interoperability across various blockchain networks but will also broaden Cryptopia’s appeal to a larger audience.
  • Enhanced Scalability: Skale’s highly scalable network is designed to handle a large volume of transactions and user interactions, ensuring that Cryptopia can grow without facing performance bottlenecks. This will provide a smooth and uninterrupted gaming experience for all players, even as the game’s popularity expands.
  • Increased Security and Reliability: By leveraging Skale’s secure and decentralized infrastructure, Cryptopia can provide a safe and reliable gaming environment for its users. This is crucial for building trust, especially when in-game assets and player progress are involved. Skale’s robust security measures will protect players’ assets and ensure the integrity of the game’s ecosystem.

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[To share your insights with us, please write to sghosh@martechseries.com]

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Introducing the Fizen Super App with Solutions to Boost Crypto Payments and Web3 Adoption https://aithority.com/technology/introducing-the-fizen-super-app-with-solutions-to-boost-crypto-payments-and-web3-adoption/ Wed, 22 Nov 2023 07:58:01 +0000 https://aithority.com/?p=548111 Introducing the Fizen Super App with Solutions to Boost Crypto Payments and Web3 Adoption

The Fizen Super App, fueled by numerous partnerships, is revolutionizing how people engage with and spend cryptocurrencies daily The Fizen Super App, fueled by numerous partnerships, is revolutionizing how people engage with and spend cryptocurrencies daily. With a focus on accessibility and convenience, this app aims to make crypto payments more mainstream for everyone. Trading […]

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Introducing the Fizen Super App with Solutions to Boost Crypto Payments and Web3 Adoption

The Fizen Super App, fueled by numerous partnerships, is revolutionizing how people engage with and spend cryptocurrencies daily

The Fizen Super App, fueled by numerous partnerships, is revolutionizing how people engage with and spend cryptocurrencies daily. With a focus on accessibility and convenience, this app aims to make crypto payments more mainstream for everyone.

Trading is detrimental for new crypto users because it often results in losses and setbacks, tarnishing the reputation of crypto. To enable billions of people worldwide to use and trust crypto, crypto payments are the best solution.

AIThority Predictions Series 2024 bannerBoosting Crypto Adoption

Thanks to the remarkable growth of crypto, crypto transactions now have low fees and quick processing times, making them suitable for microtransactions such as buying coffee, cinema tickets, or going to the supermarket. This was inconceivable just a few years ago.

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The Fizen Super App serves as a non-custodial wallet for users to secure their crypto while providing an on-ramp service to facilitate easy crypto purchases. Notably, the app offers 25,000 services from 3,000 brands in 80 countries through gift cards for daily consumption.

Fizen’s business merchants also provide numerous products and services for crypto users, such as more than 1 million items from 4,900 high-end brands, eSim in 120 countries, private jets, online doctor services, and many more.

Fizen has integrated the QR Code payment method, which is already popular in Asia, enabling users to utilize crypto for even more purposes. This feature will be deployed in Q1/2024. Fizen’s development roadmap also focuses on features for travel, with over 2 million hotels and 200 airlines being integrated.

Most people have consumer needs, shopping, and travel. Using crypto for these activities will make users appreciate and trust crypto, spreading positive and good information through word of mouth.

Going Beyond a Crypto Wallet

The Fizen Super App is currently the best wallet for crypto payments. Fizen doesn’t stop there; it is expanding to become an ecosystem where many partners can participate and reap various benefits.

Fizen Pay is a crypto payment gateway specifically for businesses that want to accept cryptocurrency payments, whether online or offline, at the point of sale. The fee is only 0.5%, compared to 3%-6% for credit cards.

Businesses receive funds immediately instead of being held for weeks with other traditional payment methods. Moreover, businesses can receive crypto or fiat money based on their needs and the regulations of their country.

Blockchain projects with tokens can bring their tokens into Fizen’s commerce and travel ecosystem, adding utility to their tokens and allowing users to use tokens for payments and shopping.

Fizen has collaborated with major partners such as Bitcoin.com with over 40 million users, Funtoken with 50 million gamers, Angle Protocol providing a Euro stablecoin with a transaction volume of ~11 billion Euros (as of November 2023), and many other partners.

Fizen believes that users will trust and favor tokens, and they tend to want to own more tokens if the tokens have high applicability.

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Building a Safe and Healthy Place for Crypto

Fizen proposes a shift from the complexity of DeFi and the risks of Trading and GameFi. Fizen emphasizes the “digital currency” aspect of crypto, suggesting its use as a common exchange medium for typical goods and services.

Leo Vu, the CEO, brings 8 years of blockchain and cryptocurrency experience to the table, backed by successful startups in the US. He believes that introducing new users to crypto through trading is harmful. He suggests that this approach often leads to losses, breeding negativity, and creating toxic Web3 users.

In stark contrast, Fizen’s user base engages with its Super App for daily needs. This community holds onto crypto for the long term and cultivates the habit of value investing.

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[To share your insights with us, please write to sghosh@martechseries.com]

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Binance CEO CZ Violations Jaw-dropping Blow, But Crypto Will Thrive https://aithority.com/technology/blockchain/binance-ceo-cz-violations-jaw-dropping-blow-but-crypto-will-thrive/ Wed, 22 Nov 2023 07:24:21 +0000 https://aithority.com/?p=548673 Binance CEO CZ Violations Jaw-dropping Blow, But Crypto Will Thrive

CZ’s departure from Binance will trigger some short-term volatility in the cryptocurrency market, but crypto will continue to thrive as more institutional money pours in, predicts the CEO of one of the world’s largest independent financial advisory, asset management, and fintech organizations. The bullish prediction from Nigel Green of deVere Group comes as Changpeng Zhao, […]

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Binance CEO CZ Violations Jaw-dropping Blow, But Crypto Will Thrive

CZ’s departure from Binance will trigger some short-term volatility in the cryptocurrency market, but crypto will continue to thrive as more institutional money pours in, predicts the CEO of one of the world’s largest independent financial advisory, asset management, and fintech organizations.

The bullish prediction from Nigel Green of deVere Group comes as Changpeng Zhao, better known as CZ, the founder of Binance, the largest cryptocurrency exchange in the world, pleaded guilty to money laundering violations on Tuesday and agreed to pay a $50 million fine and step down from his role as the company’s chief executive.

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The company itself also pleaded guilty and agreed to pay $4.3 billion in fines and restitution to the government, according to federal authorities.

Nigel Green says: “CZ until now has been the most influential and powerful person in crypto. As such, this scandal is going to trigger some short-term volatility in the market as investors digest the news.

“However, the crypto market will thrive as institutional money is pouring in and we expect it to continue to do so.”

“BlackRock, the $9trillion asset manager, alongside WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise, and Valkyrie Digital Assets, have published Bitcoin ETF applications waiting to be approved by the US Securities and Exchange Commission, the SEC.

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“We believe that Bitcoin ETFS are an imminent inevitability, and this would help drive crypto prices and mass adoption.

“Should SEC approval happen, it would be a landmark moment for Bitcoin.  The approval by the financial regulator of the world’s largest economy of this spot ETF would show that Bitcoin is, without any question, part of the global mainstream financial system.”

Spot ETFs invest directly in underlying assets, typically stocks or bonds, at the current market price (spot price). They aim to replicate the performance of a specific index or asset class by holding a portfolio of the actual securities that make up the index.

The Binance fiasco is another blow to the crypto market following the FTX scandal last year. After a month-long trial, a jury recently convicted the FTX founder Sam Bankman-Fried of seven counts of fraud and conspiracy.

“It appears that law enforcement and regulatory authorities worldwide are cracking down on executives and companies as digital currencies in all their forms – crypto and central bank digital currencies (CBDCs) – are set to become increasingly dominant in the international financial system,” says the deVere CEO.

“Greater regulatory scrutiny must be championed as digital currencies are set to play an ever-greater role. Cryptocurrencies must come into the regulatory tent and be held to the same standards as the rest of the financial system.

“They are here to stay – and the market is only set to grow. There can be no doubt that regulation of the crypto ecosystem is required and, I believe, it should be a priority.”

He concludes: “The CZ news is a jaw-dropping blow in many ways, but this moment must now be used as a point of inflection to further shore up the sector and instill trust and transparency by means of sensible, workable regulation as crypto continues its ascent.”

Read More at AIThority.com: OpenAI Open-Source ASR Model Launched- Whisper 3

[To share your insights with us, please write to sghosh@martechseries.com]

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Unveiling Project Dojo: Fusing Machine Learning and Crypto for Next-Gen Innovation https://aithority.com/machine-learning/unveiling-project-dojo-fusing-machine-learning-and-crypto-for-next-gen-innovation/ Mon, 20 Nov 2023 12:51:59 +0000 https://aithority.com/?p=548354 Unveiling Project Dojo: Fusing Machine Learning and Crypto for Next-Gen Innovation

Project Dojo is a pioneering crypto venture leveraging an in-house supercomputer for machine learning and unique tokenomics to redefine the future of decentralized finance In the vast landscape of cryptocurrencies, innovation is the lifeblood that propels projects to prominence. Enter Project Dojo ($DOJO), an intriguing venture that merges the allure of crypto with the power […]

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Unveiling Project Dojo: Fusing Machine Learning and Crypto for Next-Gen Innovation

Project Dojo is a pioneering crypto venture leveraging an in-house supercomputer for machine learning and unique tokenomics to redefine the future of decentralized finance

In the vast landscape of cryptocurrencies, innovation is the lifeblood that propels projects to prominence. Enter Project Dojo ($DOJO), an intriguing venture that merges the allure of crypto with the power of machine learning. As the digital landscape evolves, this pioneering initiative introduces a novel approach, leveraging the prowess of an in-house supercomputer and a commitment to sustainability.

AIThority Predictions Series 2024 bannerProject Dojo is more than just a cryptocurrency. it’s a disruptive force powered by a robust vision and a vibrant community. With its rallying cry of “Super Processes,” it introduces an in-house supercomputer designed by the ingenious minds. This supercomputer is tailored explicitly for conquering the challenges of machine learning, paving the way for groundbreaking utilities like AI bots.

Central to Project Dojo’s mission is its contribution to the future of machine learning. The Dojo supercomputer stands tall as the cornerstone for training cutting-edge machine-learning models. Through cutting-edge technology and relentless innovation, Project Dojo leverages this supercomputer’s power to propel the world of cryptocurrencies into uncharted territories. This fusion of crypto and machine learning unravels the project’s commitment to pioneering innovation, setting a new standard for technological symbiosis.

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The $DOJO Token

Delving deeper into the $DOJO token, what truly sets the project apart is its unconventional approach to sustainability and community-driven development. With a unique taxation model of 1/1 taxes sustaining marketing perpetually, the token facilitates its growth while empowering sustainable marketing strategies for the long haul. The LP (liquidity pool) is burnt forever, which signifies a commitment to reducing the token supply continuously, promoting scarcity and potential value appreciation.

Moreover, the renouncement of Project Dojo solidifies its decentralized nature and commitment to community-driven governance. Tokens allocated for centralized exchanges (CEX) and future endeavors are securely locked away, ensuring a controlled circulation and guarding against market manipulation.

In its developing stages, Project Dojo has made remarkable strides, garnering significant attention within the crypto landscape. Within just one day of its launch, Project Dojo soared past the 5 million market cap milestone, attracting over 1500 holders. This rapid traction illustrates the community’s enthusiasm and trust in the project’s vision and potential.

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Discover Project Dojo on Flooz

Explore Project Dojo’s dynamic presence on Flooz, boasting impressive on-chain analytics showcasing its $2.65M market cap, 1.82K unique holders, and $189.3K liquidity—a promising alpha in the crypto sphere. As an independent Ethereum-based meme project, Project Dojo stands distinct from the Dojo Processor, boasting a supercomputer tailored for machine learning challenges. Operating independently, it focuses on accelerating machine learning processes, specifically augmenting the FSD system, supported by a 1% transaction tax fueling community growth, a renounced contract, and LP token burns.

As the crypto sphere continues to evolve, Project Dojo stands as a testament to the fusion of pioneering technology and community-driven initiatives. Its commitment to sustainability, technological innovation, and a vibrant community ethos positions it as a frontrunner in reshaping the narrative of crypto projects.

With a roadmap guided by innovation and a mission fueled by community support, Project Dojo is poised to not just disrupt but redefine the boundaries of what’s possible in the crypto and machine learning spheres.

In essence, Project Dojo encapsulates the spirit of the future—an amalgamation of groundbreaking technology, community empowerment, and a relentless pursuit of innovation in the ever-evolving landscape of cryptocurrency.

The journey has just begun for Project Dojo, and the future it envisions seems nothing short of groundbreaking. Join the movement, embrace the innovation, and witness the evolution of crypto—led by Project Dojo.

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[To share your insights with us, please write to sghosh@martechseries.com]

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AstraAI Marks a Revolutionary Start in Crypto with its Trailblazing Launch https://aithority.com/technology/astraai-marks-a-revolutionary-start-in-crypto-with-its-trailblazing-launch/ Tue, 14 Nov 2023 17:01:53 +0000 https://aithority.com/?p=547822 AstraAI Marks a Revolutionary Start in Crypto with its Trailblazing Launch

In an extraordinary display of market potential, AstraAI has swiftly marked its entry into the cryptocurrency arena with a phenomenal launch. Within just an hour of going live, the innovative AI-driven platform saw an unprecedented 2000% surge, propelling its valuation to a staggering $2 million. This success is a clear indicator of the transformative power of AI […]

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AstraAI Marks a Revolutionary Start in Crypto with its Trailblazing Launch

In an extraordinary display of market potential, AstraAI has swiftly marked its entry into the cryptocurrency arena with a phenomenal launch. Within just an hour of going live, the innovative AI-driven platform saw an unprecedented 2000% surge, propelling its valuation to a staggering $2 million. This success is a clear indicator of the transformative power of AI in reshaping the future of cryptocurrency.

AIThority Predictions Series 2024 banner

AstraAI stands at the forefront of this revolution, blending cutting-edge artificial intelligence with blockchain technology. This synergy promises to overhaul the existing paradigms, offering traders and investors unparalleled opportunities. The platform’s explosive start is just a glimpse of what lies ahead. With ambitions of scaling to billions in valuation.

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The Blockchain and AI industries are rapidly advancing, with estimates suggesting a combined worth of an astounding $10 trillion by 2030. Positioned at the intersection of these two revolutionary technologies, AstraAI is strategically poised to claim a significant share of this valuation. By leveraging the synergies of AI and Blockchain, AstraAI aims to be at the forefront of this exponential growth, capitalizing on the vast opportunities presented by these sectors.

In the coming weeks, AstraAI will open its doors for beta testing, offering a first-hand experience of its innovative features. This will soon be followed by integrations with various social platforms, making AstraAI accessible to hundreds of millions of users worldwide. The platform’s reach and intelligence are poised for exponential growth.

At the core of AstraAI is the ambition to merge AI and Blockchain technologies. The platform’s AI capabilities enable it to analyze a project’s website, whitepaper, roadmap, and smart contracts efficiently, offering a comprehensive summary of its potential. This process, which would take considerable time for an investor to do manually, is achieved in a fraction of the time by AstraAI’s $ASTRA platform, making it a game-changer in project analysis.

Further, AstraAI is a boon for project creators. The platform not only helps investors identify high-potential projects but also aids creators in gaining visibility. By training Astra’s AI with detailed information, creators can ensure their projects are accurately represented and understood.

The AstraAI platform serves a dual purpose: it assists investors in identifying promising projects while simultaneously providing these projects with the exposure they need. This is enhanced by the platform’s planned integrations with popular social platforms like Telegram, Discord, and WhatsApp, aiming to reach hundreds of millions of investors.

The AstraAI Advantage for Projects: AstraAI offers projects more than exposure; it provides an opportunity to be understood by a vast network of potential investors. The AI simplifies complex project details, ensuring comprehension among discerning crypto enthusiasts.

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For Investors and Traders: AstraAI becomes an invaluable resource, offering insights into promising projects and in-depth tokenomics. It’s a one-stop-shop for staying ahead in the fast-evolving blockchain space.

At the helm of AstraAI is Co-Founder DinoN, a seasoned professional trader, institutional investor, and business magnate with extensive experience in the blockchain and technology sectors. DinoN’s leadership is complemented by a team of top-tier executives and engineers, including a CFO who concurrently serves at one of the world’s leading financial institutions. DinoN also brings to the table a robust community of over 100,000 traders and investors, adding significant credibility and support to AstraAI’s ambitious journey.

AstraAI is committed to continuous growth and innovation in the dynamic landscape of AI and Blockchain technology. Beyond current plans and goals, AstraAI is dedicated to evolving alongside technological advancements.

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[To share your insights with us, please write to sghosh@martechseries.com]

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