Bittensor (TAO) Archives - Coin Engineer

“Death Cross” Concerns in Nvidia Stocks!

Yigit Taha OZTURK — Sun, 23 Mar 2025 11:00:16 +0000

Chipmaker giant Nvidia (NVDA) has flashed a significant bearish signal known as the “Death Cross” — a pattern that previously led to a nearly 47% decline in its stock price. This raises the question: Will AI-focused crypto tokens follow the same trend?

What Is a Death Cross?

A Death Cross occurs when an asset’s 50-day simple moving average (SMA) drops below its 200-day SMA. Historically, this is seen as a long-term bearish indicator. Nvidia’s stock formed this pattern before the market closed on March 21.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

AI Crypto Tokens Rise Despite Nvidia’s Bearish Signal

Interestingly, several AI-related crypto tokens have posted gains despite Nvidia’s bearish technical indicator:

Render (RNDR): up 4.06% at $3.34
Bittensor (TAO): up 2.88% at $254.27
Artificial Superintelligence Alliance (FET): up 2.88% at $0.5162

Although there have been times when AI tokens surged in tandem with Nvidia’s gains — such as its 70% rally ahead of Q2 2024 earnings — the correlation has not always been consistent.

Has the AI Crypto Hype Bubble Burst?

Some traders believe the AI crypto hype has cooled off, and that only projects with real utility and revenue models will thrive. Crypto trader CryptoCosta remarked, “The AI hype has already died down; now it’s time for those providing market solutions and revenue.”

In the past month, the AI and Big Data crypto sector has seen a 23.70% decline in total market capitalization. Near Protocol (NEAR), the largest token in this category, is down nearly 59% over the past year, currently trading at $2.70.

CZ Warns Against Over-Tokenization

Former Binance CEO Changpeng “CZ” Zhao stated that crypto is the natural currency for AI, but warned against launching tokens without scale or purpose:

“Agents can take fees in existing crypto for providing services. Launch a coin only if you have scale. Focus on utility, not tokens.”

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Coinbase Added 6 New Coins to the Roadmap!

Yigit Taha OZTURK — Thu, 27 Feb 2025 07:30:53 +0000

Coinbase has introduced updates to its asset listing process to provide more information symmetry to its users. The platform announced that it will now only share assets it has decided to list and has removed the previously available list of assets under consideration.

Coinbase stated that updates regarding listed assets will be shared in the “Roadmap” section and announced through its official Twitter account. However, transfers and trading for these assets will not be supported until an official listing announcement is made.

Assets Approved for Listing

The newly approved assets for listing on Coinbase are as follows:

Assets on the Ethereum Blockchain (ERC-20 Tokens)

QCAD (QCAD) – Contract address: 0x4a16baf414b8e637ed12019fad5dd705735db2e0
Morpho (MORPHO) – Contract address: 0x58D97B57BB95320F9a05dC918Aef65434969c2B2
Renzo (REZ) – Contract address: 0x3b50805453023a91a8bf641e279401a0b23fa6f9

Assets on the Bittensor Blockchain

Bittensor (TAO)

Assets on the Base Network

Morpho (MORPHO) – Contract address: 0xBAa5CC21fd487B8Fcc2F632f3F4E8D37262a0842
tokenbot (CLANKER) – Contract address: 0x1bc0c42215582d5a085795f4badbac3ff36d1bcb
Cookie DAO (COOKIE) – Contract address: 0xc0041ef357b183448b235a8ea73ce4e4ec8c265f

Coinbase stated that some assets might carry the “Experimental” label, but this would not impact their listing process.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

How Does Coinbase Decide Which Assets to List?

Coinbase considers legal, compliance, and technical security standards when listing assets. Factors such as market cap or popularity do not directly influence the decision. If a popular asset has not yet been listed, the reasons could include:

It does not meet the minimum listing standards
There is insufficient information about the asset
Technical integration work is required

Coinbase emphasized its commitment to providing users with the widest range of assets by continuing to support networks such as Ethereum ERC-20, Solana SPL, and Avalanche ARC20.

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Grayscale Reveals 20 Altcoins with Potential for Q4!

Emre Yumlu — Mon, 30 Dec 2024 17:30:33 +0000

Grayscale has revealed its expectations for the fourth quarter and released its list of the top 20 altcoins, adding 6 new tokens.

In its report for Q4 2024, Grayscale highlighted 20 altcoins with growth potential, taking into account market trends and key factors specific to each token. The list now includes 6 new altcoins: SUI, TAO, OP, HNT, CELO, and UMA. However, RENDER, MNT, RUNE, PENDLE, ILV, and RAY have been removed from the previous list.

According to Grayscale, the altcoins with high potential for the fourth quarter are as follows:

Bitcoin (BTC)
Ethereum (ETH)
Solana (SOL)
Toncoin (TON)
Chainlink (LINK)
Near (NEAR)
Uniswap (UNI)
Sui (SUI)
Bittensor (TAO)
Stacks (STX)
Aave (AAVE)
Optimism (OP)
Arweave (AR)
Maker (SKY)
Helium (HNT)
Lido DAO (LDO)
Akash Network (AKT)
Aerodrome (AERO)
Celo (CELO)
UMA Protocol (UMA)

Additionally, it was stated, “This quarter, we have removed the following projects from the Top 20: Celo. Grayscale Research continues to value each of these projects, and they remain important elements of the crypto ecosystem. However, we believe the revised Top 20 list may offer more attractive risk-adjusted returns for the upcoming quarter.

Investing in the crypto asset class involves risks, including some unique to the crypto space, such as smart contract vulnerabilities and regulatory uncertainty. Furthermore, all assets in the Top 20 have high volatility and carry high risks, making them unsuitable for all investors. In light of the risks associated with the asset class, any investment in digital assets should be considered within the context of a portfolio and with the investor’s financial goals in mind.”

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AI-Based Crypto Assets Surge Ahead of Nvidia’s Highly Anticipated Q2 Earnings Report

Tanju Akbıyık — Mon, 26 Aug 2024 12:00:55 +0000

Anticipation over Nvidia‘s forthcoming Q2 results has spurred notable increases in artificial intelligence-based crypto assets during the last week. Leading the spike are artificial intelligence tokens such Near Protocol, Artificial Superintelligence Alliance (FET), Bittensor (TAO), and Render (RENDER), all of which have outperformed the more general crypto market.

The native token of Protocol has experienced a 35% rise; on August 25, it reached a four-week high of $5.20. The Artificial Superintelligence Alliance—which consists of Fetch.ai, Ocean Protocol, and SingularityNET—saw even more significant increases in meantime. The FET token jumped around 70% in the week and on August 26 it reached $1.39.

One whale repurchased 1.79 million FET tokens for $2.38 million USDT on August 25 after first selling at a lower price, according onchain analytics company Lookonchain, which noted anomalous whale transaction activity involving FET. This conduct emphasizes the increasing curiosity and trust in tokens based on artificial intelligence.

Other AI-related cryptocurrencies also showed really good results. Bittensor’s TAO surged 26%, landing at $350 on August 26; Render increased by over 40% over the preceding seven days, hitting $6.45.

The current explosion of AI-related tokens aligns with Nvidia’s forthcoming Q2 results announcement set for August 28. Many in the financial industry see this report as one of the most important tech earnings releases of the year, hence it is much awaited. Emphasizing the need of Nvidia in the AI revolution, Wall Street’s tech bull, Dan Ives of Wedbush Securities, said, “There is one company in the world that is the foundation for the AI revolution, and that is Nvidia.”

With income rising 18% in Q1 from Q4 2023 and blazing 262% from the same quarter a year earlier, Nvidia’s success has been amazing. Over the previous 12 months, the company’s stock has surged 180% and reached an all-time high of $135 in middle-June. Trading just below $130, Nvidia’s stock has recovered 30% from the market dip earlier this month as of August 23.

While investors get ready for Nvidia’s results, the excitement surrounding AI-based cryptocurrencies reflects more general hope in the AI industry’s capacity to drive next innovation and expansion.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Bittensor (TAO): Combining Artificial Intelligence with Blockchain!

admin — Sun, 10 Mar 2024 22:52:59 +0000

Bittensor (TAO), aiming to improve machine learning based on blockchain technology, the future of artificial intelligence? What is it used for?

What is Bittensor (TAO)?

Bittensor is a mining network similar to Bitcoin and provides access to a machine learning model network in a censorship-resistant manner. By using digital incentives and directly rewarding participants, it aims to create a comprehensive, open-source ecosystem in the field of artificial intelligence.

Bittensor, aiming to implement the development of machine learning platforms, brings together the collective intelligence of artificial intelligence models by making the process decentralized and creating a peer-to-peer market for machine intelligence.

How Does It Work?

Bittensor operates on a decentralized network, like Bitcoin. This means there isn’t a singular point of control. Instead of having one centralized server doing all the work, it does its job by spreading it over many different machines owned by individuals, known as miners.

Bittensor uses a unique consensus mechanism to ensure the consensus on the network over the best response. When a question is asked, multiple models (miners) give their responses. The network uses a system to determine the best response and sends this response back to the user.

Miners are the owners of these models. They keep their models running and ready to fulfill their tasks. Miners are rewarded with the ecosystem’s native token for their contributions.

What are the Advantages?

The advantages of Bittensor are as follows:

Decentralized Structure: Bittensor, by offering a decentralized network structure, allows machine learning models to collaborate in a distributed manner worldwide.
Reward System: Machine learning models that contribute to the network and provide knowledge value are rewarded with the TAO token, the ecosystem’s native token.
Energy Efficiency: By using the Proof of Stake (PoS) mechanism, it offers a more efficient energy structure compared to the Proof of Work (PoW) mechanism.
Global Access: As an open-source artificial intelligence repository, it provides a platform that everyone can access.
Distributed Resource Usage: It offers the opportunity to use distributed computing power and innovation resources worldwide within an incentivized framework.

These advantages enable Bittensor to offer an innovative and optimized strategy for the development and distribution of artificial intelligence technology.

The Bittensor Team

In Bittensor’s white paper, similar to Satoshi Nakamoto in Bitcoin, a pseudonym “Yuma Rao” is mentioned. It is not known whether this person really exists and there is no more information about him. However, the names behind the Bittensor Foundation are publicly known. There are many people working for the foundation, some of whom are former Google employees or researchers.

Investors of Bittensor (TAO)

What is TAO?

The TAO token is the native cryptocurrency of the Bittensor network. It has several fundamental functions and purposes within the ecosystem:

Incentive: TAO is used to incentivize various participants in the Bittensor network. Thanks to the reward mechanism, it incentivizes the provision of computing power necessary for decentralized machine learning processes.
Staking: Users need to stake TAO tokens to participate in the network as miners and earn rewards. It also safeguards the network by preventing any participant from exhibiting malicious behavior.
Governance: TAO holders can participate in the governance of the network and vote in decision-making processes such as protocol upgrades.
Transaction Fees: Transactions in the Bittensor network typically require a fee payment. These fees are paid with TAO.
Economic Model: TAO underpins the network’s economic model. It is designed to balance supply and demand for computing resources, harmonize incentives among participants, and facilitate the exchange of value within the ecosystem.
Access to Services: Users who need machine learning services provided by the Bittensor network can pay for these services using TAO.

The total supply of TAO is 21,000,000. The circulating supply at the time when this article was written is 6,327,131 and it is traded at the level of $608.

Where Can $TAO Be Purchased?

TAO, the native token of the Bittensor ecosystem, is traded on exchanges such as Gate.io, KuCoin, BingX, Bitget.

If you don’t already have an account on these exchanges, you can click here to register and take advantage of the lifetime applicable commission discount!

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