Schlagwort: crypto business

• Microsoft incorporated GPT-4 into its Bing search engine earlier this year.
• Google has announced it is rolling out generative AI to its core search engine.
• AltSignals is developing an AI-based algorithm for generating trading signals.

AltSignals AI-based trading signals algorithm seems to come at the right time as big tech companies flock to artificial intelligence technology. Earlier this year, Microsoft incorporated OpenAI’s GPT-4 into its Bing search engine shortly after investing heavily in the OpenAI Company.

The GPT-4 is a product of the same company that launched the now very popular ChatGPT. It is a large multimodal model that can imitate prose, audio, video, or art produced by a human and it can solve written problems or generate original text or images. It is basically the fourth generation of OpenAI’s foundation model.

Google to incorporate AI in its Search engine

Following in the footsteps of its main competitor, Google yesterday announced that it is rolling out generative artificial intelligence (AI) to its core search engine.

Google search engine is one of the most popular search engines around the globe and the incorporation of AI is expected to revolutionize the search engine experience. Google’s parent company Alphabet said, “Search Generative Experience – which will be part of Google – will craft responses to open-ended queries.”

However, the system is currently in the experimental phase and will first only be available to a limited number of users.

AltSignals’ AI project

AltSignals has become popular for providing quality trading signals since its launch in 2017. The platform provides signals to over 50,000 Telegram members and its trading signal service has earned a 4.8 out of 5-star rating on Trustpilot.

The AI project is aimed at upgrading the platform’s signal-generating service after its early success. The AltSignals team wants to integrate artificial intelligence, natural language processing, machine learning, and advanced sentiment analysis in signal generation.

The new AltSignals’ AI-powered trading platform, dubbed ActualizeAI, will be powered by a native cryptocurrency called ASI, which will be the unit of membership in ActualizeAI, with holders being able to vote on the governance of the platform.

At the moment, AltSignals is conducting a presale of the ASI token. The presale is in its second stage, which at press time was 67.67% sold out. Interested crypto investors can participate in the presale here.

What the AI hype means for the ASI Cryptocurrency

Going by the success that ChatGPT has had since its launch towards the end of 2022, AltSignals’ ActualizeAI project is poised for a similar uptake and the quick sell-out of the first AltSignals’ presale stage, the BETA stage, is already a testament that investors have confidence in the ActualizeAI project.

Besides, AI technology is only in its initial stages seeing that big tech companies are currently working on workable solutions, with most of the AI products being in their testing stages including the recently announced incorporation of AI into the Google Search Engine.

This means that the end of the current ASI presale could well coincide with a matured AI market, which could spur its popularity higher notwithstanding that the AltSignals already have a sizeable number of customers that use its services even without the existence of native cryptocurrency.

Besides offering holders a membership opportunity to the new ActualizeAI, the ASI token will also offer AltSignals users an opportunity to make additional revenue from trading the token once it is listed on centralized cryptocurrency exchanges.

The post AltSignals AI project gathers steam as Google and Microsoft jump into the AI bandwagon appeared first on CoinJournal.

• Hut 8 Mining reports a 64% year-on-year hit to revenue in its Q1.
• Craig-Hallum analyst sees downside in “HUT” to C$2.0 a share.
• Hut 8 Mining stock is now down nearly 30% versus its YTD high.

Hut 8 Mining Corp is trading down on Thursday after reporting a massive year-on-year decline in its first-quarter revenue.

Notable figures in Hut 8 Mining Q1 report

• Earned C$0.47 a share versus C$0.15 a share loss expected
• Revenue tanked a more than expected 64% to C$19 million
• Mined 475 bitcoin – down roughly 50% versus a year ago
• Increased its installed hashrate in the quarter to 2.6 EH/s

At its Ontario facility, Hut 8 Mining had to switch off roughly 8,000 machines because of a dispute with Validus Power Corp. In the press release, CEO Jamie Leverton also said:

In early 2023, we experienced a confluence of events: electrical issues at our Drumheller site caused equipment failures, fluctuating energy prices and increased network difficulty.

Versus its year-to-date high, Hut 8 Mining stock is down nearly 30% at writing.

Is Hut 8 Mining stock worth buying?

So far, only 1,000 of those machines in its Ontario facility are back online and its Alberta mine is running at just 15% of its installed hashrate.

Hut 8 Mining is currently in the process of merging with USBTC or U.S. Bitcoin Corp. According to the Chief Executive:

We have made progress on key regulatory files required to complete the transaction. We also reached an all-time operational high of 1.72 EH/s at our Medicine Hat facility.

Despite underperformance, it may not be the best of ideas to take a position in this Canadian company today considering a Craig-Hallum analyst reiterated his “hold” rating on Hut 8 Mining stock this week. His C$2.0 price target suggests another 10% downside from here.

The post Hut 8 Mining stock down on a big hit to Q1 revenue: buy the dip? appeared first on CoinJournal.

• Milady (LADYS) price jumped more than 10,000% in a few hours after an Elon Musk tweet of a meme image. 
• LADYS price was up over 3,200% at the time of writing as major exchanges listed the meme token.
• Milady is ranked 238th by market cap on CoinGecko, with $122 million in MC.

The memecoin carnival just got another trendy token as the price of Milady (LADYS), which has no particular association with the NFT project Milady, soared more than 50x in 24 hours.

Recent dominance of the meme token trend by Pepe (PEPE) took a backseat as Crypto Twitter reacted to developments around the token.

As of writing, the LADYS token was trading around $0.000000133704, roughly 3800% up with a trading volume of over $221 million (up 11,914% in the past 24 hours).

 According to data on CoinGecko, Milady has a maximum supply of 888 trillion LADYS.

What’s behind the Milady (LADYS) price explosion?

The massive price gains early 11 May, 2023 pushed the value of the new meme coin up over 18,000% from its all-time low reached just 24 hours earlier on 10 May.

Milady price took to the moon on Wednesday, with the reaction to a tweet by Elon Musk that highlighted the Milady NFT, jumpstarting a flurry of buy activity. The Musk tweet aside, multiple exchanges, including Bybit, Bitget, Huobi, Gate.io and MEXC Global have listed or announced listing support LADYS.

📣 #Bybit is excited to announce the upcoming listing of $LADYS on our Spot trading platform! @miladymemecoin

🗓 May 11, 2023, 10AM UTC

Stay tuned!#TheCryptoArk #BybitSpot pic.twitter.com/qB8ZMBY1ax

— Bybit (@Bybit_Official) May 11, 2023

But on what Milady is and looks to offer, details on the memecoin’s website states:

“$LADYS coin has no association with Charlotte Fang or her creation Milady Maker. This token is simply paying homage to a NFT collection we all love and recognize. $LADYS is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”

Milady price outlook

In terms of price performance, whether LADYS price can sustain the upside momentum remains to be seen. But one thing likely to happen is for price to dump as people take profits. 

Small investors wil have to be wary of the potential sell-off likely to be triggered by large holders, the so-called whales. These entities hold trillions of LADYS tokens and could look to dump on retail. PEPE dumped earlier this week as a whale sent trillions of tokens to a major crypto exchange.

Crypto news alert and smartmoney on-chain account Lookonchain highlights one such whale as DWF Labs.

1/ The developer of #Milady added the top 3 holders of $LADYS to the Blacklist.

And the top 2 holders (excluding Blacklist and developer addresses) of $LADYS both seem to belong to DWF Labs.

DWF Labs became the largest holder and currently holds 30.6T $LADYS ($1.9M). pic.twitter.com/tJxz1HUlUy

— Lookonchain (@lookonchain) May 11, 2023

The post LADYS memecoin craze: what to know as Milady skyrockets appeared first on CoinJournal.

• The AI trend and why it could be a great catalyst for AltSignals and ASI as Google takes the lead.
• The ASI token presale continues to attract more investors, with the current stage nearly 70% sold out.
• Is ASI the coin to buy for investors looking to tap into a promising AI-powered cryptocurrency?

Artificial Intelligence (AI) is the biggest narrative today, a trend that’s unlikely to cool down any time soon given the traction the likes of Google, HuggingFace, and Synthesia have given the sector. Amid the global AI push, including in cryptocurrency and blockchain, a new platform is quietly gaining traction as a potential game-changer for the trading industry.

That project is AltSignals (ASI), whose presale is quickly gathering pace as more people look to make an early investment in its upcoming AI-powered platform.

The AI narrative for AltSignals – Google leads the charge

The past few months have been wildly insane in the Artificial Intelligence sector, with massive interest in OpenAI’s ChatGPT seeing a flurry of activity from the likes of Google, Microsoft, and others. 

Palantir, a company known for its military contracts with the US government, recently highlighted its revenue projections for 2023 where the main driver is expected to be its new AI driven platform.

Going back to the Google news, AI is coming to Gmail, Docs, Google Maps, and Photos. Google Search is set to be interactive as ChatGPT and PaLM 2 has added Bard, removed the waitlist and been made accessible in nearly 180 countries, according to a company blog.

Google’s products serve billions of people and businesses, and AI could drive these numbers even higher. Growing its business to cater to more people could be what drives projects like AltSignals amid the revolutionary innovations that are changing how people tap into the markets.

Here’s what to know about AltSignals and ActualizeAI?

AltSignals is a trading company that launched in 2017, and offers access to multiple market and trading signals via its AltAlgo trading tool.

Traders leveraging the signals get insights into when to buy or sell. The AltSignals team has taken the trading algorithm and integrated it with artificial intelligence, machine learning and natural language processing capabilities, an upgrade that is set to go live to the public in coming months.

The AI trading platform is called ActualizeAI, which will incorporate the power of artificial intelligence and blockchain technology to bring more accurate trading signals to its users.  And as it is clear the integration of AI into everything tech will continue into the future, projects such as AltSignals that have an established business model do have an edge.

Already a successful platform, new powerful capabilities via an AI layer can only help strengthen its pull as an investment opportunity.

What is the ASI token?

ActualizeAI will have a native cryptocurrency dubbed ASI that will give holders access to the new trading toolkit. The ASI token will also power various activities in the new ActualizeAI ecosystem, giving holders further opportunities to earn passive income from their initial investment.

Also beneficial to holders is the governance rights that will come with ASI when the upgrade goes live, with traders on the platform having greater say in how the project develops and such.

The initial sale of the ASI token is ongoing and is proving quite successful with the current presale stage nearly 70% sold out just days after the previous phase ended.  

AltSignals price today?

The ASI token’s value is currently at $0.015, up from $0.012 during the first presale stage. 

As highlighted in the AltSignals website, the price of ASI is expected to rise to $0.02274 by the end of the presale. Potential investors will want to note that ASI supply is capped at 500 million tokens, and 290 million, or 58% of them are available across 5 stages of the token sale.

Is ASI worth adding to an investment portfolio?

AltSignals’s market presence is now nearly six years in. Details on their website suggest the platform has quickly grown into a project that over 50,000 traders around the world trust. 

No doubt every investment has risks, and cryptocurrencies can be even riskier as the market grows. That’s why people are encouraged to do their own research before investing in a project.

For ActualizeAI, the strength could be in its growth towards potentially becoming the leading trading signals provider across the cryptocurrency, stocks and forex markets. As an investment, demand for the ASI token (as seen in the presale) will certainly help in price appreciation.

ASI token price prediction

Once the presale is over, the token will list on leading cryptocurrency exchanges. The project’s roadmap gives a timeline of when this will happen, beginning with Uniswap. 

There will also be OTC partnerships, private sale for members and listing on CoinGecko and CoinMarketCap. Multiple projects have exploded on listin on major exchanges, including the recently lauched meme coins Pepe (PEPE) and Floki Inu (FLOKI).

With more traders being onboarded as the age of the AI shines a spotlight on its future capabilities, the outlook for ASI is one where artificial intelligence, blockchain technology and investment demand could combine to catapult the token’s value higher. Price targets in 2023 could include $0.05 and $0.1.

If you wish to learn more about ActualizeAI or buy the ASI token, you can visit the presale page.

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