Kategorie: Crypto News

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Netflix flips VFX play with AI-powered green screen

  • AltSignals’ presale has raced to 50% sold out in stage 2 already.
  • The ActualizeAI layer will tap into Artificial Intelligence to boost accuracy of trading signals.
  • Meanwhile, Netflix is seeing the use of AI in green screen technology as a game-changer.

Artificial Intelligence (AI) application across various industries and sectors continues to gather speed even as regulators push for rules to streamline growth.

Google, Microsoft and Meta lead the AI gold rush, but other companies like Nvidia and Netflix are quietly tapping into the technology to revolutionise their own industries. TechCrunch reports that in Netflix’s case, the new AI-enabled technology could be a game-changer for VFX artists.

In the crypto space, one AI-powered application that could potentially disrupt the trading industry is AltSignals. The project is edging closer to the launch of its own AI-powered layer, and is currently seeing huge interest with its token sale already 50% sold out.

Netflix reveals AI-powered green screen

The film and television industry have seen a fair share of revolutionary features from streaming giant Netflix. The company just added to that list with the debut of its Magenta Green Screen (MGS) – an application powered by artificial intelligence to change the visual effects space.

Researchers at the company say MGS makes VFX more realistic compared to legacy green screens. This is because an algorithm refined via machine learning gives colours near ground truth than models using simple algorithms.

Among the game-changing capabilities this new technology brings to the film and television industry is the ability for VFX artists to work with intricate details that have been extremely challenging. Observers say the use of generative AI provides for a major flip in filming, and Netflix is betting big on the possibilities that MGS could offer.

It’s such capabilities that have so excited the trading community when it comes to AltSignals. And if big companies like Netflix see the future in AI-powered systems, investing in the AltSignals presale could offer an opportunity investors might want to take. Here’s a bit more about this project.

What’s AltSignals?

AltSignals is an online trading platform that offers access to trading signals for its user community. The signals cover most markets, including cryptocurrency, stocks, forex and CFDs and are currently powered by a proprietary algorithm called AltAlgo.

Traders leverage signals offered by the trading tool to enter or exit trades, with an average success rate of around 64%.

An improvement on this score has seen the AltSignals team look to artificial intelligence. The project is developing an AI-powered layer that will leverage machine learning and natural language processing to increase win rates to an average of 80%.

ActualizeAI is that new platform that will be powered by a native utility token ASI. 

According to details in their whitepaper, the project says tapping into AI will see ActualizeAI analyse data from virtually every corner of the market, including news, sentiment and price indicators. Optimising this data for best buy or sell prices is expected to add to the overall profitability of trades.

Strong AI-narrative sees AltSignals presale register huge interest 

AlltSignals’ presale began with the ASI token priced at $0.012. The price has since increased in two subsequent stages, with ASI available at $0.015 in the first stage before rising to $0.01875. The AI-related token will eventually rise to $0.02274 in the last stage of the presale, giving early buyers significant returns.

The trading community is largely optimistic of ActualiseAI’s capabilities and features as shown by how fast the presale has progressed. 

Investors are also see ASI as a potentially interesting token to hold, particularly around the broader benefits that could come with its utility, including ecosystem governance, staking and participating in tournaments.

What’s the AltSignals price outlook? ASI to $1 in 2024?

Price predictions for AltSignals’ native token suggest a rally to new highs when it goes live on exchanges later in the quarter. Key short term price targets would be at $0.5 and $1. Exchange listings and ActualizeAI launch could possibly combine with positive market conditions to push ASI higher.

The reason for such a bullish view for AltSignals is that it’s already a trusted platform. The number of users has quickly grown into one of largest trading communities and the numbers could explode when the presale ends. 

Amid this outlook, investors might still want to focus on what happens with the AI-powered signals layer. Success could be a huge booster for ASI price.

Read more on AltSignals here.

The post Netflix flips VFX play with AI-powered green screen appeared first on CoinJournal.

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Bitcoin could hit $120,000 by the end of 2024: Standard Chartered

  • Standard Chartered analyst sees another 60% upside in Bitcoin this year.
  • Geoff Kendrick explained his bullish view on BTC in a research note today.
  • Bitcoin is already up a whopping 85% since the start of the year 2023.

The massive rally in Bitcoin since the start of this year is just a drop in the bucket compared to where it’s headed, as per a Standard Chartered analyst.

BTC could climb another 60% this year

On Monday, Geoff Kendrick said the world’s largest cryptocurrency could climb further to $50,000 by the end of 2023 which suggests another 60% upside from here.

The analyst is convinced that a continued increase in the price of BTC will make it rewarding for miners to stock huge amounts of it. Reduced net supply, in return, will help the cryptocurrency reach for the skies, he added.

If BTC rises [as] we expect by end-2023, share of newly mined being sold should fall to 20%-30%. That’s a net annual reduction in selling of BTC 250,000.

Bitcoin supply is set to halve next year

Note that the total supply of Bitcoin is scheduled to halve in April or May of 2024.

The Standard Chartered analyst sees several other factors helping unlock significant upside in BTC next year. One of them is the recent banking crisis. Earlier this year, he had forecast Bitcoin at $100,000 by the end of 2024. In a note today, though, Kendrick said:

We now think this estimate is too conservative, and we, therefore, see a 20% upside to our end-2024 target.

That essentially means Bitcoin could hit $120,000 next year. The cryptocurrency is expected to benefit if the Securities and Exchange Commission greenlights a Spot Bitcoin ETF that many asset managers, including BlackRock, have recently filed for.

The post Bitcoin could hit $120,000 by the end of 2024: Standard Chartered appeared first on CoinJournal.

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Former SEC Chair says Bitcoin ETF approval ‘hard to resist’

  • Jay Clayton shared his opinion during an interview with CNBC on Monday.
  • The former SEC chair says if applicants demonstrate efficacy and have surveillance, it would be hard for the SEC to deny a spot Bitcoin ETF.
  • BlackRock, Fidelity and others have market surveillance agreements with Coinbase.

The US Securities and Exchange Commission (SEC) has so far denied all the applications for a spot Bitcoin ETF to come before it.

But now might be the time the regulator gives a seal of approval to the product, former SEC Chair Jay Clayton said on Monday. 

“If they’re right that the spot market has similar efficacy to the futures market, it would be hard to resist approving a bitcoin ETF,” Clayton told CNBC’s Squawk Box.

SEC’s approval of futures ETFs

This is the argument that applicants have put forth, particularly with BlackRock, Fidelity and others taking steps to comply with requirements previously cited as reasons for SEC’s disapproval. 

Notably, proposals by the Cboe and Nasdaq have included market surveillance agreements – the so-called surveillance sharing agreement (SSA) with major cryptocurrency exchange Coinbase.

Noting this, and the fact that the SEC has approved futures-based ETFs on this basis, Clayton added:

“When the SEC approved a futures-based ETF, they said ‘let’s look at the futures market, we see the surveillance, we see the protections in that market for the investor, that are sufficient. We don’t see them in the spot market, so we’re going to make that distinction’. I think what the institutions are arguing is that those distinctions have gone away and that the spot product is now less drag, more efficient for the investor.”

With no delta in regulation and efficacy, the SEC will have to approve a first spot Bitcoin ETF for the US market. As highlighted earlier, Clayton believes it would be “hard” for SEC to “resist” a spot ETF any further if applicants prove efficacy.

As CoinJournal reported last week, analysts at $650 billion asset manager Bernstein noted that chances of a spot Bitcoin ETF approval are “fairly high.”

The crypto market has been largely optimistic of an approval ever since BlackRock filed its proposal in mid-June. The optimism was reflected in the price of Bitcoin rallying after the news to reach a new year-to-date high above $31k last month.

The post Former SEC Chair says Bitcoin ETF approval ‘hard to resist’ appeared first on CoinJournal.

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Raoul Pal shares massive price prediction for Solana

  • Raoul Pal, CEO of Real Vision is super bullish on Solana (SOL).
  • According to Pal, SOL could rally 20x from current levels if it mirrors Ethereum’s 47x move from its 2018 low.
  • He also says Bitcoin price could triple from its all-time high level amid a supply crunch in 2023.

Raoul Pal, the founder & CEO of Real Vision suggests Solana (SOL) could embark on a massive price move. If the “dream scenario” for the world’s 10th largest cryptocurrency by market cap occurs, SOL could outperform both Bitcoin (BTC) and Ethereum (ETH).

Pal shared his massively bullish outlook for Solana during a recent interview in which he shared  views on varied topics. These  include AI and its impact on jobs, BlackRock’s ETF filing and CEO Larry Fink’s remarks about BTC.

He also aired his thoughts on the Ethereum/Bitcoin flippening debate, central bank digital currencies (CBCDs), global economy and government money printing before briefly offering his price prediction Solana. The macro guru also shared predictions for Bitcoin and Ethereum.

Solana price prediction

On what he thought of the price performance of BTC, ETH and SOL in the next bull cycle, Pal shared a highly bullish projection for Ethereum’s “competitor.”

Currently, Solana trades around $21, about 1.4% down in the past 24 hours. 

However, the cryptocurrency is more than 10% in the green over the past seven days and 43% in the past 30 days. While it’s also down 43% from its value a year ago, Pal noted that the bottom might have come when prices fell to around $9 in December 2022.

With this outlook, Pal suggests SOL could do what ETH achieved after bottoming in 2018 – roaring to its all-time high above $4,800 during the last bull market. The macro guru says that if Solana takes on this projection, the potential gains could be staggering.

He compared the 47x that ETH saw after the 2018 low to what Solana could do. He opined:

“Look… there’s a possibility – a dream scenario – that Solana does what ETH did from the 2018 low which was a 47x. The Solana low was nine bucks, so you could do the maths [and] the numbers are potentially very interesting.”

While Solana’s price might not do the 47x or so that Ethereum price managed since its bottom in 2018, Pal predicts a “20 something x” move. According to him, this is a reasonable outlook for a protocol that’s battle-tested and is seeing a huge spike in network and ecosystem activity.

Should Pal’s bullish outlook for SOL price hold, it would mean an eventual burst to prices above $400 for the cryptocurrency. In the last bull market, Solana rose to the all-time high at $260.

Bitcoin and Ethereum price predictions

For BTC and ETH, Pal agreed with projections of a 3x and 5x respectively – suggesting Bitcoin could more than triple its value during the next bull cycle. However, that is from the all-time highs that was $69,000 in November 2021. 

Trippling from that ATH would mean a 6x from current prices, he opined. But that would depend on severa factors that could dictate market direction.

“It’s very difficult to predict where it actually goes, but what we can say is [that] it’s reasonable that Bitcoin from all-time highs doubles or triples. That’s not asking a lot. That will be the worst bull market in Bitcoin’s history.”

According to him, a potential supply crunch in 2023 is what could squeeze Bitcoin to a new all-time high.

The post Raoul Pal shares massive price prediction for Solana appeared first on CoinJournal.

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Presale of the new AI-powered Shiba Menu project attracting huge investor attention

  • Shiba Menu is a new Shiba-themed AI-powered cryptocurrency project.
  • It is currently conducting a presale for its native token Shiba Menu (SHMU).
  • One SHMU is currently going for $0.012250, however, it is only a matter of hours before that price increases to $0.012475.

Shiba Menu, a new cryptocurrency project taking advantage of the meme coin and artificial intelligence hype has launched its token presale, which has attracted quite a huge number of investors within the first few days.

The Shiba Menu presale has already raised in excess of $294,961 and the price of SHMU tokens is expected to rise in the next 2 hours.

What is Shiba Menu?

Shiba Memu is a ground-breaking cryptocurrency token that combines blockchain and AI to produce an unstoppable, fully independent marketing powerhouse. It is a brand-new and ground-breaking meme token.

Shiba Menu will develop its own marketing strategies, write its own PR, and advertise itself in pertinent forums and social networks, in contrast to other meme tokens that depend heavily on human teams’ marketing efforts to gain traction.

Shiba Menu’s native token SHMU is a distinctive and alluring investment because of its self-sufficient marketing abilities, which are supported by AI technology.

How Shiba Menu works

The Shiba Menu platform uses blockchain and AI technologies to generate content including press releases, social content, and marketing materials. The platform’s AI continually analyzes data and then self-publishes the generated content across relevant forums and social platforms.

The Shiba Menu interactive AI dashboard responds to user inquiries and channels data from every newly developed insight into conversations it holds with real people across forums and social channels.

Besides blockchain technology, Shiba Menu uses AI-powered Natural Language Processing (NLP), Sentiment Analysis, Image and Video Recognition, Predictive Analytics, and Personalization.

Shiba Menu pegs its success on its self-sufficient marketing and promotion solutions that make it a low-maintenance crypto project. It is powered by a cross-chain token called SHMU token, which operates on both Ethereum and Binance Smart Chain (BSC).

85% (850 million) of the total SHMU tokens in circulation supply are currently up for grabs in the ongoing token presale that will see 350 million tokens sold on BSC and 500 million tokens sold on Ethereum.

Why invest in Shiba Menu?

The meme token has witnessed parabolic growth in recent years just like the artificial intelligence (AI) market that has seen a lot of hype since the launch of ChatGPT. According to Coinmarketcap, the meme token market grew by over $20 billion in two years between 2020 and 2022.

The success of meme tokens like Shiba Inu (SHIB) and Dogecoin (DOGE) has prompted the development of an array of meme tokens most of which hit the ground running. For instance, the PEPE and KEKE mem coins which were recently launched are now among the most trending cryptocurrencies after witnessing a huge surge in trading volumes.

Going by the recent trends, the demand for meme tokens is only expected to grow even further in the years ahead, offering a great market opportunity for Shiba Menu (SHMU) meme token. The self-sufficient, AI-powered marketing capabilities make SHMU a compelling, highly attractive opportunity for investors.

The post Presale of the new AI-powered Shiba Menu project attracting huge investor attention appeared first on CoinJournal.