• Fetch.ai CEO Humayun Sheikh discussed the growth of AI technology, the explosion in value of blockchain-based AI projects, and $FET’s 550% surge.
• The 2023 roadmap revealed that Fetch.ai will be deploying an innovative microagent protocol to automate specific commercial and industrial functions.
• Sheikh also shared his vision for a decentralized P2P AI framework and how it can contribute to a new economy.

Explosion of Interest in Artificial Intelligence (AI) Technology

The rise of ChatGPT and Google Bard has fuelled an explosion of interest in artificial intelligence (AI) technology this year, with crypto markets following suit. In February, blockchain-based AI projects saw a massive surge in value – with Fetch.ai being the paramount ecosystem, rising by 550%. This highlights just how important decentralizing AI is, as current models are increasingly centralized into the hands of the ‘big five’.

Exclusive Conversation with Fetch.ai CEO Humayun Sheikh

Cryptonews had an exclusive conversation with Fetch.ai CEO Humayun Sheikh about microagents, the 2023 roadmap, and $FET’s explosive price action – despite crypto winter for the industry as a whole. According to Sheikh, market cycles impact on projects like Fetch but he was pleased that public attention had now turned to AI given its heart of mission since inception four years ago – citing ChatGPT and generative AIs as ‘Aha’ moments for many people who could imagine their lives impacted by business model disruption which is only scratching at what agent technology can do independently on behalf of users or other agents.

2023 Roadmap Reveals Microagents Protocol

The highly-anticipated roadmap revealed that Fetch.ai would be deploying an innovative new protocol to introduce microagents this year – building upon their Autonomous Economic Agent (AEA) framework which provides insight into how agent tech works autonomously on behalf of users or other agents within a decentralized P2P network atmosphere.

Humayun’s Vision For Decentralized P2P AI Framework

Humayun Sheikh shared his vision for a decentralized P2P AI framework which could contribute to a new economy made possible by agent technology learning intuitively before taking action independently – something which he believes will drive disruption across all sectors from finance to healthcare and manufacturing over time with increased adoption from both businesses and consumers alike.

Conclusion

• The price of Shiba Inu has fallen recently, brought down by the news of Silvergate Bank’s liquidation and a more hawkish stance from the Federal Reserve.
• Despite this, SHIB remains one of the most-traded coins in the past 24 hours, with big investors continuing to have faith in its long-term future.
• With the launch of layer-two network Shibarium imminent, SHIB could easily mount a recovery in the next few days.

SHIB Price Falls Amid Market Turbulence

The price of Shiba Inu has fallen by 9% in the past 24 hours, brought down by news of Silvergate Bank’s liquidation as well as a more hawkish stance from the Federal Reserve concerning further rate hikes. At $0.0000099, SHIB is also down by 17% in a week and by 30% in the last 30 days, with today’s losses reducing its gains for year-to-date to 10%.

Big Investors Continue To Have Faith In SHIB

It’s amidst this sell-off that SHIB has become one of the most-traded coins over the past 24 hours, with CoinGecko putting it 14th among “top purchased tokens” today. The meme token also remains one of the most widely held cryptocurrencies among whales (apart from ETH, USDC and USDT), indicating that it still remains favored among big investors.

Shibarium Beta Launch Imminent

As such, with its layer two network Shibarium soon to be launched imminently ,SHIB could easily mount a recovery over the next few days. This will enable faster and cheaper transactions for its Shiba Inu ecosystem which may push prices up in future months with its Metaverse set to launch later this year too.

RSI Indicates Oversold Status Of SHIB

SHIB’s indicators suggest that it won’t be long before it reaches a bottom and invites a big rebound – its relative strength index (purple) has just dropped below 30 while price has dropped below both its 30 day (red) and 200 day (blue) moving averages indicating it’s now being oversold . As such ,SHIB is selling at quite an attractive discount and should make some upward movements shortly .

Conclusion

Despite economic turbulence caused by Silvergate bank’s bankruptcy coupled with Fed’s hawkish stance on raising interest rates ,SHEB still remains popular amongst whales as evidenced by data taken from WhaleStats showing top ERC20 holdings amongst whale investors . Its indicators pointing to an oversold market coupled with upcoming launches like Shibarium beta should see prices rise soon enough but only time will tell how far they will go .

• Bitcoin (BTC) and Ethereum (ETH) have experienced a 5% drop in their value.
• The losses in BTC prices were caused by Silvergate Bank controversy, increased US regulatory efforts to limit relationships between banks and crypto firms, as well as rising concerns over interest rate hikes.
• The recent decline has resulted in a $22 billion reduction in Bitcoin’s total market capitalization which now stands at $430.9 billion.

Bitcoin Price and Ethereum Prediction: BTC and ETH Take a 5% Dive, but How Low Can They Go?

The cryptocurrency market has taken a hit as both Bitcoin (BTC) and Ethereum (ETH) experience a 5% dip in their value. As the two largest cryptocurrencies by market cap, this downward trend has left many wondering how low BTC and ETH can go.

Silvergate Uncertainty Undermines BTC

Bitcoin (BTC) prices have experienced a significant drop, falling over 5% from $23,500 to $22,240 in recent hours. Similarly, Ethereum, the second most valuable cryptocurrency, has also plummeted by over 5%. This decline has resulted in a loss of approximately $22 billion from Bitcoin’s total market value, which currently stands at $430.9 billion.
The ongoing fallout of Silvergate Bank may be the reason for the sharp decline in BTC’s value, as it has heightened uncertainty surrounding the fiat on-and-off ramp. In addition, US authorities seek to sever more financial ties between cryptocurrency firms and FDIC-insured institutions, which is also seen as a significant factor in the drop in Bitcoin’s price.

Interest Rates Cause Further Woes

The losses in BTC prices were also bolstered by growing concerns about interest rate hikes. The global crypto markets have been experiencing a decline due to a series of positive US economic data, which signals that the Federal Reserve may need to raise interest rates higher and for a longer duration. As a result, the crypto markets have been flashing red contributing to the drop in BTC prices .

Silvergate Bank Controversy Weighs Heavily On Market

As previously mentioned , BTC ‘s price has experienced significant drop of 5 % due to concern surrounding delayed 10 – K financial report filing of Silvergate Bank . Markest Thielen , head of research at digital asset exchange Matrixport , suggests that this is likely due to heightened uncertainty surrounding fiat on – and – off ramps . Furthermore , US regulators are seeking to limit relationships between banks and cryptocurrency firms further adding pressure on Bitcoin ‘s price .

Conclusion: How Low Can They Go?

Overall , these events have resulted into major partners severing ties with Silvergate Capital , causing investors worry resulting into current dip witnessed across all major cryptos including Bitcoin & Ethereum . While it is uncertain how low these currencies can go before bouncing back up again , it is certain that investor sentiment will be volatile until stability returns to their respective markets .

• British citizen Christopher Emms has been arrested in Moscow and is wanted by the FBI for allegedly helping North Korea to evade U.S. sanctions via cryptocurrencies.
• Christopher Emms and Spanish national Alejandro Cao De Benos planned and organized the 2019 Pyongyang Blockchain and Cryptocurrency Conference, providing instructions on how to use blockchain and cryptocurrency to launder money.
• Virgil Griffith, a former Ethereum developer, was also involved in the scheme and pleaded guilty to the FBI’s charges of sanctions-related violations at a hearing in 2021.

British Citizen Arrested for Aiding North Korea

Russian authorities have detained British national Christopher Emms, who is wanted by the FBI for allegedly assisting the North Korean government with crypto-related financial sanctions evasion. Interpol issued a red notice against him as he consulted North Korea on cryptocurrencies last April.

Pyongyang Blockchain & Cryptocurrency Conference

Emms and Spanish national Alejandro Cao De Benos are said to have organized the 2019 Pyongyang Blockchain and Cryptocurrency Conference where they answered questions from attendees regarding blockchain technology and crypto transactions designed to avoid US sanctions.

Virgil Griffith Involvement

Former Ethereum developer Virgil Griffith was also implicated in this scheme but managed to escape extradition due to his residence status in Russia after being detained in Saudi Arabia for eight months. He was later arrested by the Federal Bureau of Investigation (FBI) in November 2019, pled guilty at a hearing in 2021, and sentenced to 63 months’ imprisonment.

North Korea Use Stolen Crypto Funds for Missile Program

The Trump administration has noted that North Korean hackers have stolen over $1 billion worth of cryptocurrency funds which were likely used towards funding its missile program or nuclear weapon development efforts. This incident serves as further evidence of why governments must take extra caution when it comes to dealing with digital assets or technologies related thereto such as blockchain technology or smart contracts involving any sanction-evading activities.

Conclusion

Christopher Emms’ arrest serves as an example of how serious governments are taking cryptocurrency-related financial sanctions evasion activities, even if those activities were simply consulting ones rather than direct involvement with illicit activity like money laundering or terrorist financing using digital assets such as Bitcoin or Ethereum tokens.

• RobotEra is an upcoming sandbox-like world-building metaverse that invites players to create, trade, explore, operate, and share in their own metaverse.
• Players have the freedom to create whatever they can imagine and collaborate with other robots, ushering in a new era of immersive gaming experiences.
• Investors can buy TARO metaverse crypto tokens at a discounted presale rate before prices rise.

What is RobotEra?

RobotEra is an upcoming sandbox-like world-building metaverse that invites players to create, trade, explore, operate, and share in their own metaverse. By embodying robots in this metaverse, players will be able to gather resources from the planet, manage their own land, create robot companions and participate in creating a new world. This platform offers a shared world connecting players’ unique lands and allows for limitless possibilities such as theme parks, museums concerts and more.

What Are The Benefits Of RobotEra?

RobotEra provides players with the freedom to create whatever they can imagine and collaborate with other robots which ushers in a new era of immersive gaming experiences. Players can explore a vast and immersive metaverse utilizing their creativity and strategic thinking in exciting ways. As robots in this metaverse players can also create buildings develop unique land or robots using the editor and discover hidden spaces with significant rewards. Museums showcase the works of talented players while concerts and events enable robots to join forces and discover the potential of a fully interactive ecosystem.

How To Buy RobotEra’s Metaverse Crypto TARO Tokens Early

RobotEra is currently offering investors the opportunity to allocate funds to the project before prices rise by participating in its presale campaign. The TARO tokens will have various uses within the RobotEra metaverse such as being awarded as prizes for participating in staking competitions etc., Here’s how you can secure tokens at a discounted presale rate:

Step 1 – Establish A Crypto Wallet

To buy TARO tokens during the presale investors must first set up a crypto wallet on platforms like MetaMask which supports multiple wallets including Ledger Live Infinity mStable Coinbase Wallet Bitcoin Wallet etc.,

Step 2 – Allocate Funds & Buy Tokens

Once you’ve set up your wallet you’ll need to allocate funds into it from any supported payment method like credit/debit cards wire transfers bank deposits etc., After allocating funds visit Robot Era’s website select your desired package enter your address details confirm your purchase then submit it using Metamask or any other compatible wallet app you may have downloaded earlier

• The Meta Masters Guild (MMG) is launching a Web3 gaming guild with the MEMAG cryptocurrency.
• Players can earn rewards, collaborate through NFTs and take part in the groundbreaking mobile game “Meta Kart Racers”.
• MMG has been met with strong support from the crypto community with more than $3.1 million raised for the pre-sale of its token.

Meta Masters Guild Launching Cutting-Edge Mobile Gaming Network

The Meta Masters Guild (MMG) is taking the world of mobile gaming to new heights by introducing a new web3 gaming guild that utilizes the MEMAG cryptocurrency to foster an economy powered by players’ skills and contributions. Players will be rewarded for their efforts through non-fungible tokens (NFTs) and other crypto rewards, allowing them to collaborate in a dynamic and engaging gaming environment.

Incentivizing Collaboration Through NFTs & Crypto Rewards

MMG is incorporating cutting-edge Web3 technology into its games, with a focus on players’ needs. In order to incentivize collaboration within the guild, MMG will establish an economy based on MEMAG tokens, which will be used to purchase items or services within games or traded on external exchanges. Furthermore, gamers can also obtain tangible value from their playtime through NFTs and other crypto rewards such as Ethereum or Bitcoin.

Kicking off Ecosystem With Exciting Racing Game “Meta Kart Racers”

To kick off its ambitious ecosystem, MMG is launching its first game: “Meta Kart Racers” – an exciting racing game where players are able to compete globally while earning rewards based on their performance. More titles are planned in the future across various genres such as strategy games, shooters and sports simulations.

Strong Support From Crypto Community

MEMAG has been met with strong support from the crypto community since its launch, raising over $3.1 million during its pre-sale period – demonstrating that there is great potential for blockchain-based economies in gaming networks like MMG’s metaverse!

Get Your $MEMAG Today!

If you’re looking for an innovative way to engage with mobile games while earning tangible rewards from your playtime – join the metaverse today and become part of this revolutionary gaming network! Get your $MEMAG today via https://t.co/SBqVjX5mWn #Presale #P2E #Metaverse #Tokens

• Jacob Robinson is a Crypto Lawyer and the host of the Law of Code Podcast. He was interviewed by cryptonews.com to talk about crypto enforcement in Canada, crypto governance, and the tension between crypto and the law.
• Jacob discussed day-to-day life as a Canadian crypto lawyer, regulators’ concerns over investor protection, Canadian corporate law history, history of securities in Canada, and what’s next in terms of tension between crypto and law.
• This interview provides insights into the current state of cryptocurrency regulation in Canada.

A Conversation with Crypto Lawyer Jacob Robinson

Jacob Robinson is a Crypto Lawyer and the host of the Law of Code Podcast. In this exclusive interview with cryptonews.com he shares his thoughts on crypto enforcement in Canada, crypto governance, and the tension between crypto and the law.

Day-to-day Life as a Crypto Lawyer

Jacob discussed his day-to-day life as a Canadian crypto lawyer, saying that regulators are primarily concerned with investor protection. He also shared insights on how stocks got their name from Canadian corporate law history, as well as providing context for understanding the tension between cryptocurrency and legislation today.

Regulators Concerned About Investor Protection

When it comes to regulations around cryptocurrencies in Canada, Jacob said that regulators are primarily focused on protecting investors from any potential risks associated with dealing in digital assets or participating in blockchain technology enabled activities like Initial Coin Offerings (ICOs). He also emphasized that while governments may have different approaches to regulating cryptocurrencies across jurisdictions due to varying legal frameworks or principles governing them; their ultimate goal remains ensuring consumer safety when using digital assets or participating blockchain related activities like ICOs.

History Of Securities In Canada

Jacob provided further context into understanding how stocks got their name from Canadian corporate law history stating that companies would issue “certificates” representing an investment interest which were then called “stock certificates” due to their similarity with physical items such as stocks held by farmers at markets during medieval times – hence why we still refer to stocks today despite no longer having physical paper certificates for them!

Tension Between Cryptocurrency And The Law

Finally, when asked about what’s next for cryptocurrency regulation and its relationship with laws surrounding it Jacob said there will likely be more tension between both sides as they continue working towards developing an agreeable framework which balances consumer protection while allowing innovation within this space without stifling it too much!

Overview

• Non-fungible token (NFT)-based fantasy game and marketplace Sorare: Football has partnered with the Premier League in a multi-year licensing deal.
• Fans will be able to build custom teams to win “big rewards” as if they were professional club owners.
• The licensing contract is for four years, and Sorare will pay the Premier League tens of millions of pounds a year to secure the rights.

Sorare’s Background

Sorare, which is backed by players such as Kylian Mbappé and Lionel Messi, has partnered with over 300 football clubs and teams around the world, including Europe’s top leagues. This means that Sorare Managers can play with Premier League stars of their choice in either Premier League or global competitions.

Crypto Chaos

The partnership between Sorare and the Premier League came at a time of great turmoil for the crypto industry. Prices of major cryptoassets have certainly gone up in January but various other issues and worries still remain due to numerous crypto companies and projects failing last year, leading to bankruptcies and staff layoffs within the industry as well as legal and regulatory issues outside of it.

Richard Masters’ Statement

Richard Masters, Chief Executive of the Premier League was quoted by Financial Times saying, “To be frank, I don’t love the craziness of the last six to 18 months.” He added that “you get lots of organisations and companies thinking short term and jumping into the new cool tech for the wrong reasons, then leaving fans with a bad taste in their mouth.”

Conclusion

Despite all these events happening within the crypto industry at present, football does not seem to mind partnering with Sorare Global Fantasy Football – so much so that it signed a four year licensing contract worth tens of millions per year with them.

• The United Nations High Commissioner for Refugees (UNHCR) has adopted the Cardano blockchain to raise funds for displaced people around the world.
• By taking part in the Cardano staking program, users can donate to the cause while still retaining ADA tokens.
• This development could benefit the Cardano token as people around the world buy ADA for staking purposes.

The Cardano token (ADA), the eighth-largest cryptocurrency with a market capitalization of $13.2 billion, has seen a robust 45.5% growth in the past 30 days. With the crypto market experiencing a slight 0.9% increase in the past 24 hours, one could be tempted to think the token is headed for a slump. However, with the recent development of the United Nations High Commissioner for Refugees (UNHCR) tapping into the Cardano platform, the token is poised to break through the $10 mark soon.

The UNHCR is an international organization dedicated to protecting the rights of forcibly displaced people around the world. To further this cause, the organization has adopted the Cardano blockchain as an alternate approach to raising funds. By taking advantage of the Cardano staking program, crypto users can donate to the cause while still retaining their ADA tokens in a smart contract for a period of time.

This development is a major breakthrough for the Cardano token, as it could attract more people to buy the token for staking purposes. It’s a win-win situation for both the token, and the people in need, as the token experiences a surge in demand and the displaced people get the necessary aid.

Apart from aiding people in need, the Cardano blockchain is also expected to bring about positive developments in the crypto world. For instance, it is touted to be the first platform to develop a smart contract solution for a regulated financial institution. This would enable the institution to utilize the Cardano blockchain to securely store and manage customer data, which could help to improve the trust and transparency of the financial system.

In conclusion, the recent development of the United Nations High Commissioner for Refugees tapping into the Cardano blockchain has opened up a wide range of possibilities for the cardano token. With the potential of the token increasing with each passing day, it is only a matter of time before the ADA token reaches the $10 mark.

– Cryptocurrencies are a manifestation of a magical thinking born out of a financial crisis.
– There were mistakes and mediocrities made during a period of declining and zero-interest rates, and these were obscured or forgiven.
– Hawkers are pitching new vehicles and new ways of taking companies public without the usual regulatory scrutiny, promising greater returns while dismissing greater risks.

The global financial crisis of the late 2000s and early 2010s was a period of economic hardship that left many people feeling frustrated and helpless. It’s no surprise that some of these people have turned to cryptocurrencies as a way to take control of their finances and access the tools of modern finance. In his opinion piece for The New York Times, Mihir A. Desai, a professor at Harvard Business School and Harvard Law School, looks at this phenomenon and calls it “magical thinking.”

Desai argues that the rise of cryptocurrencies is a response to the mistakes and mediocrities of the financial crisis, which were obscured or forgiven while speculative assets with low probabilities of success inflated in value enormously. He refers to these assets as “shiny new vehicles” such as stablecoins and new ways of taking companies public without the usual regulatory scrutiny, which are being sold with the promise of greater returns while ignoring the greater risks.

Desai warns that this magical thinking may be misguided and that investors need to exercise caution and understand the risks involved in investing in cryptocurrencies. He also acknowledges that while it may not be intentional, the financial crisis is ever-present and the cracks in the system persist. He concludes by saying that those new investors need to understand the perverse world they were born into, and not just nurse a grudge against capitalism.

It’s clear that the rise of cryptocurrencies is an indication of the desire for greater control over one’s finances, as well as a search for an alternative to traditional financial systems. While there are risks involved, it’s important to recognize the potential for cryptocurrency to disrupt the current system and provide an alternative to those who may have been left out of the traditional economy. The key is to be well-informed and to understand the risks involved.