Der ehemalige CEO von Celsius ist derzeit gegen Kaution auf freiem Fuß und wurde von verschiedenen US-Aufsichtsbehörden wegen Betrugs und Marktmanipulation angeklagt.
Google announces $25M grant to AI projects focused on SDGs
- Google sees AI as a key component to the achievement of United Nations, Sustainable Development Goals (SDGs)
- The $25 million grant will go to 15 AI-powered projects.
- AI integration in crypto is also growing, with Shiba Memu one of the new projects looking to tap into the advanced technology to create a self-sufficient marketing ecosystem.
Google, Microsoft, Meta and Nvidia are among the global behemoths to recently bet big on Artificial Intelligence (AI). And that outlook continues for Google in the latest move set to see 15 projects tapping into AI benefit from a share of $25 million in grants.
At the same time, investors across the crypto market have poured into the Shiba Memu presale, with one of the key factors being the project’s potential amid AI integration.
AI for global development
Google, through its philanthropy arm Google.org has earmarked support for multiple non-profit projects that target sectors such as global pollution, food security and healthcare. Google.org noted in a news report published on Tuesday that 15 AI-powered projects across these sectors will receive funding over the next three years.
Some of the beneficiaries include Kenya-based Jacaranda Health, South Africa-based data analytics platform IDinsight, India’s Wadhwani AI and the International Rice Research Institute, which works in the Philippines.
While these projects align with Google’s AI vision relating to SDGs, the funding does highlight the growing adoption of artificial intelligence across virtually every facet of life. This includes cryptocurrency where platforms, researchers, and developers have looked to tap into AI tools for things such as real-time market monitoring, fraud and security breach detection and capturing of investment opportunities.
What AI adoption means for Shiba Memu
No doubt the AI narrative continues to gather momentum, with bullish predictions for the sector in full swing from companies such as Nvidia and Palantir. That picture has cascaded to crypto, where investors are showing greater interest in such gems as the new dog-inspired project Shiba Memu.
Shiba Memu, a new meme coin project currently undertaking a presale for its native SHMU token, has triggered a lot of excitement due to the potential of its AI-powered marketing strategy.
As a cryptocurrency, Shiba Memu is an ERC-20 token that will be community-owned and have a total supply of 1 billion SHMU. Investors have an opportunity to buy 85% of the supply during the presale, while 10% will go towards providing liquidity, exchange listings, and community rewards and 5% for platform development.
How is Shiba Memu different from Dogecoin, other meme coins?
Dogecoin is the original meme cryptocurrency, having launched in 2013 with inspiration from the popular internet meme. Other meme coin projects have been inspired by DOGE, but Dogecoin, Shiba Inu and Pepe, for instance, are not AI-powered as is Shiba Memu. That key difference is what experts say could give Shiba Memu an edge in the race to be top crypto-dog token.
In the whitepaper, the project describes harnessing AI and blockchain technology to create a 100x strong marketing engine. The result is an AI dashboard that solves one of the key challenges facing meme coin projects – lack of traction due to reliance on human effort to drive sentiment.
Dogecoin price vs. Shiba Memu price
Currently, DOGE is a top 10 crypto with a market cap of $8.5 billion and total supply of 140,986,786,383 DOGE (data from CoinGecko). The price of Dogecoin was just above $0.06 at the time of writing. SHMU meanwhile is priced at $0.026875 – although that price will soon jump owing to the programmed 24-hour increases.
You can buy Shiba Memu here.
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Kryptobörse CoinEx mutmaßlich gehackt: Kryptowährungen im Wert von 27 Millionen US-Dollar gestohlen
Eine CoinEx-Hot-Wallet übertrug 27 Millionen US-Dollar in verschiedenen Token an eine unbekannte Wallet. Das Team der Börse bezeichnete das als „ungewöhnliche Abhebungen“.
Bitcoin trades with a bullish bias ahead of the US inflation data
- Financial market participants await the US inflation data
- Bitcoin shows signs of a possible reversal
- A falling wedge and a bullish divergence support the case for higher Bitcoin prices
Today is important for anyone interested in financial markets and US data. Because the US economy is the largest in the world and the US dollar is the world’s reserve currency, monetary policy is the main driver of financial markets’ volatility.
Volatility, or the lack of it, is the one that upsets cryptocurrency traders. Bitcoin went nowhere since it traded above $30k in April, as every rally was sold.
But a close look at the traditional currency market reveals that most fiat currencies have traded similarly against the US dollar. Therefore, if anything is going to push the cryptocurrency market’s volatility up, it is going to be the US dollar.
Core CPI expected at 0.2% in August
Today’s release in the United States is expected to show that the Core CPI in August has increased by 0.2% m/m while the headline inflation is set to rise to 0.6% m/m from the previous 0.2%.
But the bias is that inflation will surprise to the downside.
If that is the case, the bets will increase the Fed will hold rates steady and perhaps, it will be enough to convince market participants that there will be no rate hike anymore and that the Fed has already reached the terminal rate.
A bullish divergence supports the case for higher Bitcoin prices
The summer months brought broad US dollar strength across financial markets. EUR/USD dropped from above 1.12 to below 1.07. At the same time, Bitcoin declined from $32k to $25k as investors bought the US dollar.
However, recent price action suggests that there is scope for optimism. First, the market formed a bullish divergence with the RSI. Second, a falling wedge pattern suggests that a reversal might be in the cards.
All in all, we will all find out where Bitcoin goes next sooner rather than later. Now that the lull summer trading is gone, expect the market’s volatility to pick up as important economic data is due.
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BitMEX launches prediction market for real-world events- implications for Chancer?
- BitMEX launched the Prediction Markets product to allow traders bet on events such as outcome of FTX bankruptcy claims and Sam Bankman-Fried’s criminal case.
- The product offers speculative contracts that will be marked at Last Price.
- Chancer on the other hand is a blockchain-based prediction markets platform expected to revolutionise the gambling industry.
Crypto exchange BitMEX has unveiled a new predictions product for its users, with the global community able to bet on real-world events from within the platform. What is BitMEX’s Prediction Markets and how is this different from what Chancer, an anticipated game-changer for the $80 billion gambling industry, offers?
What’s BitMEX’s Prediction Markets?
Prediction Markets is a new crypto derivatives offering from BitMEX that will allow traders to take positions that predict the outcome of certain real-life events. While the contracts will cover nearly every topic, industry or event, it’s BitMEX that will add the markets and thus dictate what traders can bet on at any given time.
Bet on events such as Bitcoin spot ETF approval, SBF jailing
For its first contracts, the crypto exchange is offering account holders a chance to earn returns on predictions on three topics – FTX bankruptcy claims, Bitcoin ETF approval and fate of former FTX CEO Sam Bankman-Fried.
Other markets will be added soon, with users able to benefit from not just trading, but hedging opportunities. According to details in a blog post, BitMEX is offering the first three predictions markets events as from September 13.
The speculative contracts are marked on Last Price, with no leverage. Margin and settlement will be in Tether (USDT).
What is Chancer?
BitMEX’s new offering adds to what’s available and in the pipeline for the prediction markets. But there’s a huge difference to what Chancer offers and how it works.
Simply put, Chancer offers a decentralised betting platform powered by the $CHANCER token, where anyone can create bets on any event. There’s no central bookmaker and wagers can be on anything – from global sports, elections and community events. Even the likes of whether Bitcoin will end the year above or below a certain price is possible.
Chancer’s social betting model, which allows for features such as sharing of bet markets and livestreaming, is expected to revolutionise the $80 billion gambling industry. Growth for the sector, coupled with expected adoption of cryptocurrency, is likely to propel the blockchain-based platform into becoming the dominant force in peer-to-peer (P2P) betting.
Per the Chancer roadmap, the above scenario will begin to take shape when the Chancer platform goes live in the first quarter of 2024. By then, $CHANCER holders will have access to passive earning opportunities, including through staking. Find out more here.
Why buy $CHANCER now?
As the crypto market gets more and more institutionalized, so is the potential for an explosion of everyday usage.
Taking control from centralised bookmakers and giving the power to create bets, determine odds and earn payouts to individual users gives Chancer an upper hand when it comes to tapping into a market expected to grow significantly over the next decade.
This is what makes $CHANCER’s presale price of $0.011 today look attractive – a bargain vis-à-vis the future potential. Investors keen on a new crypto gem might fancy a portion of their investment in this project. Factors such as the mainnet launch, listing on major crypto exchanges and broader sector outlook suggest this could be a good time to take a long-term bet on this blockchain-powered project.
Currently, investors can participate in the presale and buy $CHANCER with ETH, BNB, USDT and BUSD. The project has so far raised nearly $2 million.
Are you interested in $CHANCER? Visit the official Chancer presale page for more on how to buy.
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