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Coinbase Launches Tool for Creating AI Agents

  • Coinbase launched a tool, called Based Agent, that allows people to create AI agents that can automate tasks like swaps and staking.
  • The tool uses technology from Coinbase SDK, OpenAI, and Replit to allow anyone to create an AI agent in under three minutes.

Coinbase announced Based Agent, a tool for creating AI agents that can perform a myriad of tasks, from swapping to staking, bridging, and even registering crypto domain names by interacting with various smart contracts and other AI agents where necessary.

Coinbase pushes for AI agents

Based Agent isn’t Coinbase’s first foray into AI agents. Members of the company have, in the past, used AI for various purposes or to prove its viability. Brian Armstrong, CEO of Coinbase, in August, oversaw transactions between two AI agents where one agent paid the other using tokens.

More recently, Head of Protocols at Coinbase, Jesse Pollak, highlighted an AI bot on Twitter, called Luna, that autonomously tipped users to engage with its content.

Truth Terminal, the Twitter AI chatbot that was instrumental in creating the Goatseus Maximus memecoin that currently trades at a $700 million market cap, also exemplifies the progress AI agents have made in recent months.

AI Agents still face development hurdles

The growth of AI agents is not without its drawbacks. A major one is the inability of AI agents to figure out bank accounts, and hence, automate off-chain payments. AI agents cannot book hotels, buy plane tickets, or manage recurring subscriptions.

However, efforts are being made to bridge that gap by developing onchain payment methods that integrate with the real-world. In August, a blockchain development firm called Skyfire created a platform that allows AI agents spend money autonomously.

Biconomy, a Web3 infrastructure company launched a Delegated Authorization Network to serve as an authorization layer for AI agents to trade tokens on behalf of users.

Meanwhile, the Base network allows AI agents to use USDC to transact with people and other AI agents in real-time. However, this feature has not penetrated real-world payments.

Despite the gap, the development of AI agents continues to grow and may account for 80% of all blockchain transactions in 6-12 months, according to Mode Network founder James Ross.

The post Coinbase Launches Tool for Creating AI Agents appeared first on CoinJournal.

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Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k?

  • Bitcoin Dogs rose 30% in two weeks before paring gains.
  • Bitcoin price is back above $68,000 after last week’s slip halted bulls’ momentum.
  • With BTC regaining control above $68k, could this spark Bitcoin Dogs price?

New upside momentum has pushed Bitcoin (BTC) above $68,500 following last week’s sharp decline that saw bears reject movement above $69,000.

As BTC price refreshed recent gains at the time of writing, most altcoins were also positive. This includes many coins to recently see huge gains amid meme coin resurgence. The price of Bitcoin Dogs (0DOG), which gained more than 30% in two weeks, hovered at a key level, notably with sellers still in action with a 5% dip in 24 hours.

But can a surging Bitcoin spark new gains for 0DOG?

Analysts see Bitcoin bull cycle intact

Despite recent struggles below $70k, Bitcoin price remains largely on track for a major bull cycle.

Analysts have pointed to BTC’s resilience above support levels near $65k as indicator a shakeout of weak hands is nearly done. With “Uptober” having played its role for bulls, a series of economic releases this week and the US election next week stand out as major factors to consider.

The continued investment in spot Bitcoin ETFs, and potential adoption of BTC strategy by Microsoft could add to this momentum. On spot ETFs, US BTC funds saw net inflows of over $998 million last week, with the market on another positive streak.

Crypto analyst Rekt Capital says BTC’s “more bullish outcome” is a reality amid the weekly close.

BTC gains and Bitcoin Dogs price

If Bitcoin breaks above $70k and manages a new all-time high amid positive catalysts, it’s likely the next few months could see it target $100k.

The benchmark asset’s ecosystem being bullish would mean a whole lot of top tokens could go parabolic. BRC-20 tokens for instance are up 6% to $1.55 billion as Bitcoin nudges higher.

Bitcoin Dogs, a cryptocurrency project for GameFi and NFTs on Bitcoin, has seen its native token rally higher in recent weeks. However, 0DOG has also dipped in tandem with BTC, with recent price levels coming amid a profit taking bout that follows a 30% upside in two weeks.

Currently, Bitcoin Dogs is down 5% as price hovers near $0.009. However, amid a major spike for Bitcoin and meme coins last week, 0DOG rose more than 100% as bulls jumped from near $0.0066 to over $0.013 between Oct. 21 and Oct. 22.

What could catalyze gains for 0DOG?

While 0DOG’s gains mirrored the broader market, there’s another catalyst likely at play. Having made history as the world’s first BRC-20 ICO on Bitcoin, the Bitcoin Dogs project is poised for one of its biggest milestones.

In a recent update, the project posted a teaser of its upcoming game. Bitcoin Dogs has an AMA scheduled for Tuesday, Oct. 29 that will feature game and NFTs release.

All this is part of a massive news release and key to the roadmap. The project wants to deliver a play-to-earn game with an in-game token BARK and the native utility token 0DOG. 0DOG holders have exclusive access to the game and can earn more from a P2E experience leveraging the Bitcoin network.

Excitement for the game’s upcoming launch, potential exchange listings and a rally for BTC suggest ODOG price could explode.

Find more about Bitcoin Dogs on the project’s website.

The post Bitcoin Dogs price: What’s the outlook as BTC spikes above $68k? appeared first on CoinJournal.

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Bolivian bank launches custody service for Tether stablecoin

  • Banco Bisa, the fourth-largest bank in Bolivia, has launched a USDT custody service.
  • Cutstomers can buy, hold and send USDT from their bank accounts.

Banco Bisa, Bolivia’s fourth-largest bank, has introduced a stablecoin service aimed at bolstering security for holders as well as promoting their use in cross-border transfers.

The custody service will allow Banco Bisa’s customers to buy and sell Tether’s stablecoin USDT via their bank accounts. Bisa sees this as a scenario likely to significantly increase USDT adoption and use in the Latin American country.

Banco Bisa’s move

Per a local report, the initiative has received backing from the country’s financial watchdogs, with key benefits seen as the capacity to promote crypto within existing regulatory frameworks. More importantly, the program means users can interact with crypto at greatly reduced risks linked to the nascent crypto market.

According to Franco Urquidi, the vice president of business at Banco Bisa, the bank’s customers will have to complete a verification process. This is on the issues of know your customer and anti-money laundering, the latter among accusations Tether has vehemently denied.

Bisa’s move comes a few months after Bolivia lifted its ban on Bitcoin that lasted a decade – from 2014. The government’s crypto shift came in June 2024, with the country’s central bank noting this step as crucial to boosting the economy. The flip also means Bolivia joined many other Latin America countries in opening up the crypto space.

In a recent report, the Bolivia central bank said virtual asset trading spiked in the months after the ban was lifted. The market witnessed a 100% surge in trading, with an average $15.6 million in monthly volume between July and September.

Tether has seen steady traction in the Latin America region, with key programs and integrations including the $100 million investment in Agriculture company Adecoagro.

The post Bolivian bank launches custody service for Tether stablecoin appeared first on CoinJournal.