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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Headlines touting the allure of artificial intelligence’s (AI) disruptive potential might make it seem like we’re already on the cusp of a completely automated and decentralized future. However, the reality is that, while this will be a transformative journey, it will likely be an incremental one over the next decade. First applications will be built by AI as a supporting developer tool. In the next phase of adoption, we will see a transition to applications with AI built-in. Here’s what to expect. You might also like: The advances in technology turning blockchain mainstream | Opinion What is built-in AI? Built-in AI is the natural progression of the AI app revolution from merely amplifying the production of apps to seeing the explosion of apps that use AI as a core part of their functionality. The differenc...

Ripple CEO surprises the XRP community with a tattoo to celebrate legal victory. Garlinghouse dismisses expectations of major announcements at the event. Pro-XRP lawyer Bill Morgan expresses skepticism about the party’s significance. While Ripple’s CEO, Brad Garlinghouse, addressed the XRP community prior to the Friday Night celebration of the XRP ruling, prominent pro-XRP lawyer Bill Morgan expressed skepticism about the significance of the party. Just hours before the celebratory festivities kicked off, Garlinghouse gave the enthusiastic XRP community insights into what they could anticipate at the event. He emphasized that there would be no major announcements during the party, dispelling widespread community speculation.  Garlinghouse clarified that the event’s sole purpose was to commemorate XRP’s victory in its legal battle against the U.S. Securities and Exchange Commission (SEC). “And as for any “announcement” that peo...

Sep 29, 2023 at 08:47 // Price Author Coin Idol Today, BNB price is trying to break the 21-day line SMA or the resistance at $213. Cryptocurrency price Analysis from Coinidol.com. BNB Price Long Term Forecast: Bearish The price of Binance coin (BNB) continued to fall, but the range was limited. The 21-day line SMA capped the rising price movement. The price of the cryptocurrency remains between $200 and $213. BNB could rise to the 50-day line SMA after breaking the 21-day line SMA. If BNB price rises above the 50-day line SMA, the uptrend will resume. The...

Former developers of Multichain, recently mired in controversy, have announced a new project named ValueRouter, aiming to simplify multi-chain asset swaps. A few months ago, the crypto world was rocked by the unauthorized withdrawals of over $130 million from Multichain, a bridging network previously known as Anyswap. The intrigue deepened with the revelation that its CEO, Zhaojun, and his sister, were allegedly at the center of the event, causing the suspension of the platform’s operations in July. The fallout affected many, particularly the Fantom ecosystem, leading to the shutdown of the Fantom-based SpiritSwap DEX. Despite the stormy backdrop, some developers from Multichain have made a re-entry with a new project called ValueRouter. Similar in function to Multichain, ValueRouter enables users to “swap any asset for your desired asset across multiple chains in just one transaction.” A salute to the former engineers of Multichain! Even after the team...

Optimism and Arbitrum are prominent layer-two networks on the Ethereum network. Both protocols work by deploying optimistic rollups to combine hundreds of transactions into one. Despite their similarities, both networks imbibe unique attributes that differentiate them. Optimism and Arbitrum are prominent layer-two networks that enable scalability on the Ethereum network. Both protocols work by deploying optimistic rollups to combine hundreds of transactions into one, relieving Ethereum of significant traffic. Despite their similarities, both networks imbibe unique attributes that differentiate them, and users tend to compare them when considering which protocol is suitable for their projects. The main technical difference between Optimism and Arbitrum is that Optimism uses single-round fraud proofs, while Arbitrum uses multi-round fraud proofs. It implies Optimism would enable faster transactions, but that comes at a cost. The transactions are relatively more...

Bitcoin and the wider cryptocurrency market face another turbulence wave, hinting at greater uncertainty. Recent crackdowns in the US and FED actions already rattled Bitcoin prices. A leak by Forbes reveals that US President Joe Biden may soon issue an Executive order on Artificial Intelligence (AI), potentially shaking the crypto world further. Alexander Grieve, a key figure at Paradigm—a Bitcoin and crypto-focused investment firm—voiced concerns regarding the imminent executive order on AI from the White House. According to Grieve, the crypto sector might soon hear “alarm bells” ringing louder. Sources cited by Semafor indicate that the Executive order could compel tech giants like Microsoft, Google, and Amazon to divulge information when customer processing power purchases exceed set thresholds. Grieve draws attention to a notable section of the leaked report that labels computing power as a pivotal “national resource.” Activities spanning Bitcoin mining, video game developme...

The first documents to be available on-chain in Buenos Aires include birth and marriage certificates, along with proof of income and academic verification. Buenos Aires, the capital of Argentina, is making a major move toward integrating its bureaucracy with blockchain technology. Starting in October, the city's 15 million residents can access identity documents via a digital wallet, according to an announcement on Sept. 28.  The first documents to be available on-chain include birth and marriage certificates, along with proof of income and academic verification. The announcement notes that health data and payment management will be integrated in the future, and that a roadmap for rolling out the blockchain-based solution across the country will be defined by the end of 2023. Behind the project infrastructure is QuarkID, a digital identity protocol built by Web3 firm Extrimian. QuarkID wallets are powered by zkSync Era, an Ethereum scaling protocol using zero-knowledge rollups ...

Altcoin Sherpa predicted in an X post earlier today that LUNA’s price may rise to above $100. Should the analyst’s bold prediction come true, it will constitute a rise of over 20,550% from LUNA’s current price. At press time, LUNA was up 19.97% to trade at $0.5171 according to CoinMarketCap. The cryptocurrency trader and analyst Altcoin Sherpa predicted in an X post earlier today that Terra Luna (LUNA) may recover back to above $100 in the coming few weeks. In the post, he stated that it is “time to make it all back in 1 trade,” including a screenshot of the 3-day chart for LUNA/USDT. Time to make it all back in 1 trade$LUNA pic.twitter.com/uBTAe48fz8 — Altcoin Sherpa (@AltcoinSherpa) September 28, 2023 Should this far-fetched bullish outlook ensue, it will constitute an increase of over 20,550% in the altcoin’s value from its current price, which stood at $0.5171 at press time. According to CoinMarketCap data, the altcoin recorded a 19.97% uptick ...

DAI stablecoin issuer Maker DAO’s Maker (MKR) token is green across all charts. The token has surged by 6.4% in the last 24 hours, by 10.8% in the last week, and by 46.7% over the previous month. Moreover, the asset has significantly outperformed the larger crypto market so far in 2023. Since January, MKR has risen by 193.37%, while Bitcoin (BTC) has risen by about 60%. The token is getting close to reaching its May highs of 2022. Source: CoinGecko Maker ’s (MKR) recent surge comes amid Maker DAO investing its reserve assets in U.S. treasuries, benefiting from the high yield in the traditional bond market. Since the beginning of 2023, the protocol’s revenue has quadrupled to $185 million. Meanwhile, annual profit jumped from $21.8 million to $64 million. Also Read: Maker DAO co-founder dies at 29, a Day after this Tweet Source: MakerBurn Furthermore, Maker DAO’s DAI stablecoin supply has increased by $1 billion since early August. This is most likel...

Bitcoin, and even some altcoins are holding steady even as the US dollar index steamrolls to a near 1-year high. Bitcoin (BTC) managed to stay above the $26,000 level even as the S&P 500 tumbled to a three-month low and the US dollar index (DXY) rose to a new year-to-date high. This is a mildly positive sign as it shows a lack of aggressive selling at lower levels. Bitcoin remains stuck inside a range and the directionless price action has kept the traders on the sidelines. Bitcoin’s daily spot exchange transactions topped 600,000 in March but dwindled down to 8,000-15,000 last week, according to new research from on-chain analytics platform CryptoQuant. Low liquidity could lead to volatile moves in either direction, hence traders should be careful and wait for confirmations rather than taking positions on every intraday breakout. Daily cryptocurrency market performance. Source: Coin360 The near-term price action remains uncertain but that has not deterred the long-term bulls from...

Both APE and GALA decreased by double-digit figures in the last 30 days. The CMF indicated equal buying and selling pressure for APE but the token can reclaim $1.13. GALA showed signs of increasing upward momentum and may target $0.015. In the last 30 days, ApeCoin (APE) has had to deal with a 21.81% decrease in value. Another altcoin, Gala (GALA), also faced a similar situation. According to CoinMarketCap, GALA’s 30-day performance was a 30.39% fall, meaning that a lot of its holders have been coping with unrealized losses. However, both cryptocurrencies may soon experience respite, according to a recent update from on-chain analytic firm Santiment. According to Santiment, GALA and APE, both remain underbought.  This means that the cryptocurrencies could be trading below their actual potential worth. Due to the condition mentioned above, Santiment noted the negative returns could soon undergo a correction, and this could lead to upsides for APE and GALA....

Hui Ka Yan , the Chairman of bankrupt property developer Evergrande , has been arrested. The executive was taken into custody by Chinese officials earlier in September. Since then, he has reportedly been monitored at a designated location. JUST IN: 🇨🇳 Billionaire Chairman of bankrupt Chinese property giant Evergrande has been arrested, Bloomberg reports. — Watcher.Guru (@WatcherGuru) September 27, 2023 Also Read: Crypto AUM Could Rise to $500 Billion in 5 Years: Bernstein Chalking out the Evergrande Crisis Bloomberg’s report clarified that the executive has been placed under police surveillance. This action technically falls short of a formal arrest, and it does not guarantee that Hui will be charged. However, he faces several restrictions. He is not allowed to communicate with others without getting a green flag and is not in a position to leave the location. From a legal perspective, once someone is under residential surveillance, offi...

The Web3 security platform now allows projects to deposit bounty funds to a Safe smart contract, proving the funds are available. Blockchain security platform Immunefi has launch ed an on -chain system for bug bounties , according to a Sept. 26 announcement. The new system , called “Vaults,” allows Web3 developers to escrow funds in an on -chain address and use them to pay out bug bounties to white hat hackers. Immunefi believes the new system will help projects “demonstrate to whitehats [...] that they have allocated sufficient funds to pay bounties,” which it hopes will result in “more top-tier bug reports” being submitted. List of Immunefi bug bounties. Source: Immunefi Software developers often offer rewards, called “bug bounties,” to hackers who discover exploits or other bugs in their software. This sometimes allows vulnerabilities to be found before bad actors can exploit them. Hackers who submit bug reports for rewards instead of taking advantage of an exploit are called “...

Gemini has revealed plans to invest $24 million in its technology and crypto hub in India.  The crypto exchange is hiring more in compliance, software engineering and support to add to its 70+ workforce at the Gurgaon center. US Crypto exchange Gemini plans to invest INR 200 crore ($24 million ) in its India -based development center, according to details announced today. The exchange will plough this amount into the Gurgaon technology hub over the next two years, said Pravjit Tiwana, Gemini’s CEO of Asia Pacific. Tiwana is also the cryptocurrency company’s global chief technology officer (CTO). “ India has long been regarded as a hub for bar-raising talent by the world’s top technology companies, and we are thrilled to share that we are deepening our investment in the country. Over the next two years, we plan to invest INR 200 crore ($24 million USD) to grow our development center in Gurgaon ,” Tiwana wrote in a blog rel...

A recent Shanghai People’s Court announcement in China acknowledged Bitcoin as a unique digital currency despite the country’s official ban on cryptocurrencies. Justin Sun, the founder of Tron, brought attention to the Shanghai No. 2 Intermediate People’s Court, which published an article affirming certain characteristics of Bitcoin. In the article, the Shanghai court recognized Bitcoin as a distinctive digital currency, setting it apart from virtual counterparts like Q coins. It cited Bitcoin’s rarity, global acceptance, and inherent monetary qualities. This stands in contrast to China’s conventional classification of cryptocurrencies as speculative investments. JUST IN: 🇨🇳 #Bitcoin officially recognized as a unique digital currency in Shanghai People's Court, China. — Watcher.Guru (@WatcherGuru) September 25, 2023 China’s crypto ban remains strong Regulatory bodies in China have prohibited cryptocurrency tra...

From meme fame to wallet drain, $PEPE’s value takes a nosedive, leaving investors questioning its future. WSM’s $25M presale and ties to Wall Street Bets could make it the next meme coin sensation. Investors ponder the fate of $PEPE and await WSM’s ICO, hoping for a new crypto star. The Pepe ($PEPE) meme coin was on everyone’s radar months ago. Consequently, its value surged by a staggering 9000%. Investors swarmed to its allure as its value touched $0.00000431. The tables have, however, turned for this once-promising meme coin. In a mere span of 30 days, $ PEPE’s value has plummeted by 23.39%. However, bulls have recently grabbed control, sending PEPE’s price soaring from its daily low of $0.0000006652 to its 24-hour high of $0.0000006952. As a result, at press time, PEPE was trading at $0.000006873, up 3.04% from its 24-hour low. PEPE/USD 24-hour price chart (source: CoinStats) The market capitalization of PEPE clim...