Binance is launching the conversion of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) tokens to its Artificial Super Intelligence (ASI) token, starting July 1, 2024. As of this date, deposits and withdrawals of these tokens will be stopped. Binance will carry out token exchanges on behalf of users, and new spot trading pairs such as ASI / BNB, ASI / BTC will become active on July 5, 2024.

Binance’s statement as it follows:

“Fellow Binancians,

Binance will support the Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) token merge to Artificial Superintelligence (ASI).

Deposits and Withdrawals

At 2024-07-01 03:30 (UTC), deposits and withdrawals of Fetch.ai (FET), Ocean Protocol (OCEAN), and SingularityNET (AGIX) will be suspended. Please ensure that you leave sufficient time for your FET, OCEAN, and AGIX deposits to be fully processed prior to this time. 

Binance will make a separate announcement after the event is completed to notify users when deposits and withdrawals of ASI will be opened.

After the event is complete, deposits and withdrawals of FET, OCEAN, and AGIX tokens will no longer be supported.

Binance will handle all technical requirements for users who are involved in this event.

Users may refer to the announcement from the project team for more information.

Merge Details

FET, OCEAN, and AGIX tokens will assume the ticker of ASI at Binance.

All FET, OCEAN, and AGIX tokens will be swapped to ASI at a ratio of:

1 FET = 1 ASI;

1 OCEAN = 0.433226 ASI;

1 AGIX = 0.433350 ASI.

Spot

At 2024-07-01 03:00 (UTC), Binance will delist and cease trading on all spot trading pairs for FET, OCEAN, and AGIX. 

The exact trading pairs being removed are: AGIX/BTC, AGIX/FDUSD, AGIX/TRY, AGIX/USDT, FET/BNB, FET/BTC, FET/BRL, FET/FDUSD, FET/TRY, FET/USDC, FET/USDT, OCEAN/BNB, OCEAN/BTC, OCEAN/TRY, OCEAN/USDT.

All trade orders will be automatically removed after trading ceases in each respective trading pair.

Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2024-07-01 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.

At 2024-07-05 08:00 (UTC), trading will open for the ASI/BNB, ASI/BTC, ASI/BRL, ASI/FDUSD, ASI/TRY, ASI/USDC, and ASI/USDT spot trading pairs. 

Futures

Binance Futures will close all positions and conduct an automatic settlement on the FETUSDT, OCEANUSDT, and AGIXUSDT USDⓈ-M Perpetual Contracts at 2024-06-25 09:00 (UTC). The contracts will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contract starting from 2024-06-25 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the FETUSDT, OCEANUSDT, and AGIXUSDT USDⓈ-M Perpetual Contracts without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. A separate announcement will be made for relisting.

At 2024-06-25 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the FETUSDT, OCEANUSDT, and AGIXUSDT symbols.  

Margin

Binance Margin will delist the AGIX/BTC, AGIX/USDT, FET/BTC, FET/USDT, OCEAN/BTC, and OCEAN/USDT cross margin and isolated margin pair(s) at 2024-06-26 06:00 (UTC).

At 2024-06-21 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on the aforementioned isolated margin pairs.

At 2024-06-26 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned cross and isolated margin pairs. These pairs will then be removed from Binance Margin. 

Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallet to Spot Wallet prior to the cessation of margin trading at 2024-06-26 06:00 (UTC). Binance will not be responsible for any potential losses.

Portfolio Margin users are advised to transfer the token(s) mentioned above out of their Margin Wallet to their Spot Wallet and to top up their margin balance before 2024-06-26 06:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the token(s) mentioned above from the Margin Wallet. 

All FET, OCEAN, and AGIX balances in Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from 2024-06-26 06:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information. 

A separate announcement will be made for relisting.”

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.

The post Binance Will Support FET, OCEAN and AGIX Token Merger appeared first on Coin Engineer.

According to data from on-chain analytics platform Spot On Chain, a wallet linked to SingularityNET (AGIX) went on a selling spree on June 6th.

The wallet dumped 4 million AGIX worth $3.63 million on crypto exchange Binance. It is noteworthy that the wallet had not been active for the past 6 months.

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Will the big AI merger news turn into a sell-off event?

AGIX, Fetch.ai (FET), and Ocean Protocol (OCEAN) are merging into a single cryptocurrency called Artificial Superintelligence token (ASI) on June 13th. This merger will bring about a new token economy and dynamics.

In a bull market where the AI craze is so dominant, the teams behind the 3 projects may have tried their luck to create a new hype.

FET will be positioned as the reserve token of the alliance. However, it will later take on the form of the Artificial SuperIntelligence ASI Token. The conversion ratio is 1:1. There will be 1 ASI Token for every 1 FET.

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According to a Bloomberg report citing anonymous sources, these companies are exploring the possibility of merging their native tokens (AGIX, FET, and OCEAN respectively) to create a unified token for a decentralized AI platform.

Token Prices Spike on Merger News

The rumor has sent shockwaves through the crypto market, with all three tokens experiencing significant price surges. As of press time, SingularityNET (AGIX) is up 12%, Fetch.ai (FET) has climbed 15%, and Ocean Protocol (OCEAN) leads the pack with a staggering 34% increase. This positive sentiment has also boosted the broader AI crypto sector, which has seen a 23% growth over the past week. Notably, all three tokens involved in the potential merger now rank within the top ten AI cryptocurrencies.

Details of the Proposed Merger

Details surrounding the potential merger remain scarce. Bloomberg’s sources suggest the merged entity would operate under a single token dubbed “ASI,” with a fully diluted market capitalization of approximately $7.5 billion. The deal, which could be announced as early as Wednesday, would require approval from each individual project’s community.

Governance and Leadership Structure

The report outlines a potential governance structure for the merged platform. The three individual platforms would reportedly continue functioning independently, collaborating under the guidance of a “Superintelligence Collective” led by SingularityNET’s founder and CEO, Ben Goertzel. Bloomberg’s sources further suggest that Fetch.ai CEO Humayun Sheikh, an early investor in Google’s DeepMind AI acquisition, would serve as chairman.

Motivation for Decentralized AI

The report highlights the motivation behind the potential merger. It suggests that emerging AI platforms like SingularityNET, Fetch.ai, and Ocean Protocol are striving to create a decentralized AI ecosystem on the blockchain. This approach aims to prevent the concentration of control over AI development in the hands of large corporations like Microsoft, Google, and Facebook.

Official Statements Awaited

At the time of writing, none of the involved companies (SingularityNET, Fetch.ai, or Ocean Protocol) have issued official statements regarding the potential merger on their social media channels or official blogs. The decentralized AI community eagerly awaits further details about the proposed ASI token and its potential impact on the future of decentralized AI development on the blockchain.

In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’t forget to follow us on Telegram,  YouTube, and Twitter for the latest news and updates.

The post Top 3 AI Projects Soar on Rumors of Token Merger for Decentralized AI Platform appeared first on Coin Engineer.

Highest Market Value Artificial Intelligence Coins:

• Bittensor (TAO): This Polkadot based project uses blockchain technology and artificial intelligence to create a decentralized machine learning network. The TAO token encourages developers and measures the collective intelligence of the network.
• The Graph (GRT): The Graph is a critical layer for dapps requiring efficient blockchain data access, simplifying complex data queries. GRT tokens encourage data indexing and querying. Although Bittensor leads, The Graph continues to be a major player in the field.
• Fetch.ai (FET): Fetch.ai, aiming to build a decentralized digital economy supported by autonomous AI agents, integrates AI to automate and optimize tasks in various sectors. FET tokens support transactions and services within the ecosystem.
• SingularityNET (AGIX): This decentralized AI marketplace enables scalable creation, sharing, and monetization of AI services. AGIX tokens facilitate transactions, governance, and platform liquidity.

Ocean Protocol (OCEAN): Ocean Protocol democratizes data, enabling individuals and businesses to securely share and monetize data and data-based services. The OCEAN token incentivizes data sharing and sustains the platform’s data economy.

Global Artificial Intelligence Enthusiasm and Its Effects (OpenAI)

Leading AI player NVIDIA is preparing its activity report dated February 21, with investors having high expectations for continuously record returns. NVIDIA ‘s stock price experienced a 230% increase last year, backed by positive activity reports and forecasts.

Centralized AI giants like NVIDIA are making notable breakthroughs. Also, decentralized AI projects like Bittensor, The Graph, and others are rapidly developing.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates.

The post OpenAI ‘s CEO Introduces SONA! Artificial Intelligence Coins Skyrocketed appeared first on Coin Engineer.

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Bitcoin broke through the $43,190 resistance and reached $46,300 levels. We expect this upward trend to continue in the coming days, however, we need to watch out for possible sell pressure at $48,000 and $51,000 levels.

Bitcoin and Cryptocurrencies Update

• Bitcoin (BTC): The BTC/USDT pair gained 2.02% in the last 24 hours and is currently trading at $46,215. The resistance levels for BTC are $48,000 first, then $51,000. The support levels are $45,445 and $44,300 if it falls below this area.
• Ethereum (ETH): The ETH/USDT pair gained 1.30% in the last 24 hours and is currently trading at $2,450. The first resistance level for ETH is $2,710, followed by $3,060. The support levels are $2,375 first, then $2,280.
• Cardano (ADA): The ADA/USDT pair gained 1.11% in the last 24 hours and is currently trading at $0.5363. The first resistance level for ADA is $0.55, then $0.65. The support levels are $0.4470 first, then $0.3985.
• Ocean (OCEAN): The OCEAN/USDT pair gained 1.11% in the last 24 hours and is currently trading at $0.4550. The first resistance level for OCEAN is $0.47, then $0.60. The support levels are $0.4050 first, then $0.3050.
• Aave (AAVE): The AAVE/USDT pair gained 2.34% in the last 24 hours and is currently trading at $87.18. The first resistance level for AAVE is $98, then $120. The support levels are $83 first, then $72.

The post Bitcoin and Cryptocurrencies Update – February 9th appeared first on Coin Engineer.

As a result of this mutually beneficial relationship between blockchain and big data, crypto projects specifically focused on big data have been created. Now, let’s take a closer look at the best of these crypto coins and tokens for big data.

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Top Big Data Coins

Cryptocurrencies of blockchain-based big data projects are called big data coins or tokens. Big data coins are among the most popular types of cryptocurrencies today.

Here are the top 5 big data coins:

1. The Graph (GRT): The Graph does for the blockchain ecosystem what search engines like Google and Yandex do for the internet. It brings together data from multiple blockchain networks and allows developers to access this data. Besides collecting data, The Graph also enables developers to query on the Ethereum (ETH) network. The GRT token, shown as one of the best big data tokens, is used to pay transaction fees on The Graph platform.

2. Ocean Protocol (OCEAN): Ocean Protocol is one of the most popular big data coins. It provides transparent, secure, and open data sharing for individuals and organizations. Ocean Protocol allows data producers to transform their data sets into financial assets. On Ocean Protocol, data producers can securely sell their data on the platform as “datatokens.” The OCEAN token, the native cryptocurrency of Ocean Protocol, is also among the best data tokens.

3. Fetch.ai (FET): Fetch.ai aims to create an AI-driven decentralized economy. It develops “autonomous economic agents” using artificial intelligence and machine learning. Like other AI and machine learning applications, Fetch.ai requires access to big data sources. Therefore, Fetch.ai is considered one of the best blockchain-based big data projects.

4. Numerai (NMR): Numerai combines data science with blockchain technology to create a new generation hedge fund aiming to outperform independent indexes and traditional quant funds. The platform allows developers and data scientists to build reliable machine learning models. The NMR token, listed as one of the best data tokens, is the staking token used by Numerai platform’s data scientists.

5. iExec (RLC): Established in 2016, iExec is a decentralized computing platform challenging the traditional cloud computing paradigm. iExec provides tools for anyone looking to create their Web3 marketplace and oracle network. The RLC token (RLC, which stands for “Run on Lots of Computers”) is the cryptocurrency used on the iExec marketplace, allowing users to buy and sell computing assets.

You can present your own thoughts as comments about the topic. Moreover, you can follow us on Telegram and YouTube channels for this kind of news.

The post The Best Big Data Coins appeared first on Coin Engineer.

We can say that 34,000$ is a strong support level for Bitcoin. Even in case of drops, there is usually a tendency to recover above this level. If we conduct a detailed analysis, we can predict that a flag formation can occur. Therefore, it is important to be careful about potential breaks.

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The Latest Status in Cryptocurrencies – October 29

• Bitcoin (BTC) is currently trading at $34,180 with a 0.17%. The resistance levels for BTC are in the range of $36,000 to $39,800, while the support levels are in the range of $31,000 to $30,200.
• Ethereum (ETH) is currently trading at $1,786 with a 0.60%. The resistance levels for ETH are in the range of $1,885 to $1,960, while the support levels are in the range of $1,815 to $1,789.
• Ocean (OCEAN) is currently trading at $0.38 with a 4.63%. The resistance levels for OCEAN are in the range of $0.40 to $0.50, while the support levels are in the range of $0.35 to $0.30.
• Curve (CRV) is currently trading at $0.48 with a 1.42%. The resistance levels for CRV are in the range of $0.54 to $0.62, while the support levels are in the range of $0.46 to $0.40.
• Coin98 (C98) is currently trading at $0.17 with a 3.35%. The resistance levels for C98 are in the range of $0.20 to $0.24, while the support levels are in the range of $0.15 to $0.13.

In the comment section, you can freely share your comments and  opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post The Latest Status in Cryptocurrencies! – October 29 appeared first on Coin Engineer.

Bitcoin’s recent rises have thrown a hook at the $29.650 levels and we are trying to linger in that area. If it can not price above this region in a short time, there can be pullbacks in the price as the technical indicators have slowly blown up.

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The Latest Status in Cryptocurrencies – 21 October

The post The Latest Status in Cryptocurrencies! – 21 October appeared first on Coin Engineer.

In recent days, when we examine the Bitcoin graph, we see that the price is stuck in a narrow range between $26,000 and $26,850. If there is an upward break, Bitcoin could show new movements between $26,850 and $28,100. However, if there is a downward break, Bitcoin may fluctuate between $26,000 and $24,900.

Important Updates Today:
– Gross Domestic Product (GDP) will be announced at 15:30. (Expectation %2,20 – Previous %2,00)
– Fed Chairman Powell will speak at 23:00.

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Latest Status in Cryptocurrencies – September 28

Bitcoin (BTC) The BTC/USD pair is currently trading at $26,420, up 0.20% at the time of writing. For BTC, resistance levels are $26,800 – $28,200, while support levels are $25,400 – $25,000.

Ethereum (ETH) The ETH/USDT pair is currently trading at $1,618, up 1.28% at the time of writing. For ETH, resistance levels are $1,694 – $1,731, while support levels are $1,550 – $1,465.

Binance Coin (BNB) The BNB/USD pair is currently trading at $213, up 0.47% at the time of writing. For BNB, resistance levels are $215.5 – $220.1, while support levels are $208.2 – $204.2.

Ocean (OCEAN) The OCEAN/USD pair is currently trading at $0.316, up 1.00% at the time of writing. For OCEAN, resistance levels are $0.33 – $0.338, while support levels are $22.8 – $15.4.

Origin Protocol (OGN) The OGN/USD pair is currently trading at $0.091, up 2.58% at the time of writing. For OGN, resistance levels are $0.10 – $0.12, while support levels are $0.084 – $0.071.

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

The post Latest Status in Cryptocurrencies! – September 28 appeared first on Coin Engineer.

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Here are some of the Binance spot trading pairs to be removed:

AAVE/BNB, AERGO/BUSD, AGLD/BTC, ALCX/BTC ,ALGO/BNB, ALGO/ETH, ALPACA/BTC, ALPHA/BTC, BAL/BTC, BICO/BUSD, BNT/BTC, BNX/BNB, BNX/BUSD, C98/BTC, CHESS/BUSD

CLV/BUSD, COS/BNB, CRV/ETH, CTK/BNB, CTK/BTC, DAR/BUSD, DEGO/BTC, DEXE/BUSD, DIA/BUSD, FIL/BNB, FIS/BUSD, FXS/BTC, GLM/BTC, GTC/BUSD, HARD/BUSD, HIGH/BNB, ICX/BTC, ILV/BTC, IOST/BUSD, KDA/BTC, LOKA/BUSD, LTO/BUSD, MBOX/BTC, MINA/BTC, NEO/BNB, OCEAN/BNB, OM/BUSD, PHA/BTC 

There are some important points to note about this change. Binance will also cancel all pending grid orders in the trading pairs mentioned above on 2023-09-29 at 02:00 (UTC). It will also end the Spot Trading Bots service for these trading pairs as of this date.

In addition, Binance users can continue to trade on other spot trading pairs where the service continues. However, this change is significant for users who use the relevant trading pairs.

It is strongly recommended that users adjust their assets and transactions and adapt to this change. Binance is taking these steps in accordance with its terms of use and terms and conditions.

You can share your opinions in the comments about the topic. Also, follow us on Telegram, Twitter, and YouTube for more content like this.

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