SingularityNET, Fetch.ai, and Ocean Protocol are reportedly on the verge of merging their crypto tokens into a unified ASI token. This potential merger could create a massive company with a fully diluted valuation of $7.5 billion, which could lead to significant changes in the decentralized artificial intelligence (AI) market. SingularityNET, Fetch.ai, Ocean Protocol Eye ASI token Three AI-cryptocurrency companies known for their efforts to develop blockchain-based AI solutions are in preliminary discussions regarding this merger. An announcement could come as early as March 27, according to sources familiar with the negotiations. However, this depends on the approval of each community.…
Author: Crypto Flexs
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FTX cryptocurrency exchange founder Sam Bankman-Fried has been sentenced to 25 years in prison by a New York judge for orchestrating the theft of $8 billion from FTX customers.🚨 BREAKING NEWS: Judge sentences Sam Bankman to 25 years in prison for multibillion-dollar FTX fraud. pic.twitter.com/M9HotmBma2— Bitcoin Magazine (@BitcoinMagazine) March 28, 2024 The sentence, handed down by U.S. District Judge Lewis Kaplan, comes after Bankman-Fried was found guilty on seven counts of fraud and conspiracy related to the 2022 collapse of FTX. Judge Kaplan rejected Bankman-Fried’s claim that his clients had not lost money and condemned him. During his trial he…
Bitwise filed an application for a spot Ethereum ETF with the SEC on March 28. The company filed a Form S-1 for a fund called the Bitwise Ethereum ETF. Like other similar applications, this fund aims to provide exposure to the value of ETH held in trust. The filing includes several important details: Bitwise aims to list on the NYSE Arca exchange and plans to use Coinbase Custody as its custodian. However, information on items and fees was not disclosed. Bitwise’s application discusses Ethereum staking as a broader aspect of Ethereum itself. However, this application, unlike competing applications from Ark…
Funding • March 28, 2024 3:24 PM EDT Posted 1 minute ago In ~ Updated: March 28, 2024, 3:30 PM EDT Bitwise has applied for the right to launch a spot ether exchange-traded fund, as questions continue to hover over whether the Securities and Exchange Commission will be able to approve such a product.Bitwise submitted Form S-1. Because of something called Bitwise. Ethereum ETH +2.08% ETFs with SEC on Thursday. The move follows comments made by the company’s CIO, Matt Hougan, earlier this month. It might be better if the SEC doesn’t approve any new products in May, when it…
In a strategic move to strengthen its position in the cryptocurrency market and solidify its influence in Korea, Floki, together with its sister company TokenFi, has established an important partnership with the World Table Tennis (WTT) Championship. As the official cryptocurrency partners of the WTT Champions event in Incheon, South Korea, Floki and TokenFi will take center stage at one of the world’s most famous sporting events. The WTT Champions event, scheduled to take place at the Mohegan INSPIRE Entertainment Resort from March 27-31, is expected to attract a global audience. Floki and TokenFi are ready to leverage this opportunity…
PEPE maintained its bullish structure in H12. The key swing points shown on the chart are where we can see the PEPE short-term trend reversing. Pepe (PEPE) has been trapped below lower period resistance levels for the past few days. Although the bullish momentum from earlier this month has stalled, the long-term bias remains positive for Memecoin. A recent AMBCrypto report highlighted underweight sentiment towards PEPE. According to the report, selling pressure is also increasing. PEPE bull market unable to fight short-term selling pressure Source: PEPE/USDT on TradingView The market structure for PEPE was bullish on the 12-hour chart. A…
U.S. Senate candidate John Deaton has called for the resignation of Securities and Exchange Commission (SEC) Chairman Gary Gensler. He emphasized, “Under Gensler, the SEC has forgotten or willfully abandoned its primary mission of protecting innocent investors.” Deaton demands Gensler’s resignation. US Senate candidate John Deaton running against incumbent US Senator Elizabeth (…)
Ethereum’s network validators have surpassed 1 million, with 32 million ETH staked through platforms such as Lido, accounting for 26% of the total supply. The Ethereum network, the leading blockchain platform for decentralized applications and smart contracts, has achieved a significant milestone by surpassing 1 million validator nodes. These validators are responsible for network security and transaction processing, ensuring the integrity and functionality of the Ethereum ecosystem. According to data from blockchain analytics platform Dune Analytics, the amount of staked Ethereum (ETH) has reached a whopping 32 million ETH, with an estimated value of $114 billion. This represents approximately 26%…
Vitalik suggested I share my basic research and design philosophy in a blog post last week, and I agreed, but complained that it was still changing. My friend Jon West told me that everyone would really appreciate it if I told everyone about the Casper research, and I mostly agreed. Then someone on Reddit told me to focus on Ethereum. So here is the Casper technology story, presented as a chronological history of the evolution of the core technologies, ideas, and languages ​​associated with “Casper research.” Many of our favorite blockchain figures are part of the story. This is my…
Ethereum price is attempting a new rise above $3,500. For ETH to continue rising in the near term, the resistance at $3,680 must be removed. Ethereum is gaining pace above the $3,500 support area. The price is trading above $3,600 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trendline with support at $3,560. If it settles above the $3,680 resistance zone, it could continue to rise. Ethereum price is showing a steady upward trend. Ethereum price began a significant rise above the $3,550 resistance zone. The ETH rally could…