Cryptocurrency conglomerate Digital Currency Group (DCG) is making a big splash in the realm of decentralized artificial intelligence (AI), with a keen focus on the Bittensor (CRYPTO: TAO) ecosystem. What happened: Barry Silbert, the head of DCG and an early champion of cryptocurrencies, will lead the new venture called Yuma, aimed at supporting businesses that want to build and deploy AI models on Bittensor, according to a Wednesday press release.

Digital Currency Group (DCG) has unveiled Yuma, a new subsidiary dedicated to accelerating startups building decentralized intelligence projects using Bittensor's infrastructure. According to the firm's statement, the move is a strategic foray into converging crypto and artificial intelligence (AI), two sectors poised for exponential growth.

Digital Currency Group, the parent company of Grayscale and Foundry, has launched a new decentralized intelligence subsidiary named Yuma. According to a press release on Nov.

Crypto venture capital firm Digital Currency Group (DCG) is looking to promote the development of Bittensor (TAO), a decentralized Artificial Intelligence (AI) protocol. The firm aims to achieve this goal through Yuma Group.

DCG's Barry Silbert launches Yuma, a decentralized AI venture, to develop projects for Bittensor's innovative AI network. The post DCG's Barry Silbert unveils decentralized AI venture to fund Bittensor projects appeared first on Crypto Briefing.

Barry Silbert will be the CEO of Yuma, a new DCG company focused on incubating and building new businesses within Bittensor's decentralized AI ecosystem.

Bitcoin (BTC) hit a new all-time high of $94,041 after BlackRock, the world's largest asset manager, officially launched the iShares Bitcoin Trust ETF (IBIT) for options trading. However, it declined after reaching this level and is currently trading at $92,114, up almost 1% over the past 24 hours.

TAO was trading at $488.4, a zone that has previously triggered price reversals. Will the same happen this time around?

Tomorrow, November 15, 2024, Starknet will unlock 64 million STRK tokens, which is about 3.95% of its total circulating supply. This unlock is important because it allows early contributors and investors to access funds that were previously locked away.

Bittensor (TAO) has been gaining considerable attention in the cryptocurrency market recently, marked by a dramatic increase in trading volume and a noticeable rise in price action. As of November 13, 2024, TAO's trading volume soared to over $500 million within a 24-hour period, indicating robust market interest.

TAO nears a potential breakout with robust metrics, eyeing a target of $1,252.6.

StarkWare, the main developer firm behind Starknet, had shared in July that it would introduce a proposal for staking on the blockchain, but had not previously fixed the date of the rollout.

Bitcoin (BTC) catapulted to another all-time high, reaching $89,604 before declining marginally, as bulls set their eyes on $90,000 and $100,000. The euphoria over Trump's win shows no signs of waning, and BTC could hit $100,000 before the end of the year if the bull run continues at its current pace.

Bittensor (TAO) price is experiencing strong upward momentum, consolidating its position as the largest artificial intelligence (AI) coin in the crypto market today. Recent analysis using the Ichimoku Cloud highlights a bullish trend, suggesting that buying pressure remains strong.

Latest updates on the coins ATOM, MATIC, and TAO.

The artificial intelligence (AI) boom has put related startups, stocks, and cryptocurrencies in the spotlight and investors' portfolios in 2024. Now, looking at 2025 amid an expected altcoin bull rally, Finbold selected two AI-related cryptocurrencies to consider buying moving forward.

Ethereum's co-founder Vitalik Buterin deposits 2.09 million STRK tokens on Binance.

TL;DR Vitalik Buterin deposited 2.09 million STRK tokens on Binance, resulting in a loss of approximately $714,000. This deposit follows its investment in StarkNet's seed funding round in 2018. The STRK transfer was made when the tokens were worth $799,000, while five months ago they were worth $1.51 million.

As Starknet (STRK) cryptocurrency is getting closer to losing its place in the top 100, Vitalik Buterin sent a massive 2.09 million STRK deposit to Binance (BNB). The asset almost touched a new all-time low before today's crypto surge.

Starknet roadmap is focusing on reducing network fees with upgrades planned through 2025.

Key Points:

In early August this year, the Starknet Foundation appointed James Strudwick as Executive Director following Diego Oliva's departure. Since joining the foundation in January, Strudwick has brought a renewed vision centered on Starknet's technological advancement, accessibility for developers, and global outreach.

Artificial Intelligence tokens FET, TAO, RENDER, and NEAR recorded double-digit gains as NVidia, the world's largest chip maker surpassed Apple in market valuation.

Nvidia has surpassed Apple in market capitalization, reaching a historic $3.43 trillion valuation. This milestone is evidence of Nvidia's leadership in the artificial intelligence industry, which has also led to a significant increase in the number of AI themed cryptocurrencies.

Bitcoin (BTC) is down just over 1% in the past 24 hours, declining after briefly flirting with the $70,000 mark. The current week is crucial in dictating market dynamics, with the US elections and Fed meeting set to commence.

Bittensor is an innovative open-source project that aims to bridge the worlds of blockchain technology and artificial intelligence (AI) through its native token, TAO. This token allows users to interact with a decentralized network that facilitates machine learning, enabling them to extract valuable data while tailoring the network's operations to meet their needs.

Bittensor (TAO), the leading AI coin, has risen 76.64% this year but currently faces bearish pressure. Its price has dropped below crucial support levels, with indicators pointing to continued challenges.

Bitcoin (BTC) is teasing a record high after it peaked at $73,464 on October 30, bringing it within touching distance of its all-time high of $73,750. However, the cryptocurrency has registered a marginal decline during the ongoing session and is trading just above $73,200.

As the Decentralized Physical Infrastructure Network (DePIN) sector gains traction, November 2024 presents an opportunity for investors to capitalize on emerging altcoins in this space. These altcoins have been disrupting the crypto market by merging blockchain technology with real-world applications.

TL;DR Starknet hit a new record of 857 TPS on its mainnet during a stress test. The test averaged 127.5 TPS over a 24-hour period, showing its potential for high-demand applications. StarkWare CEO Eli Ben-Sasson says Starknet's scalability is real and further developments are expected by 2025.

Starknet, the Ethereum layer-2 network, has hit a new transaction per second (TPS) milestone that outstrips that of other L2s. On Oct. 29, the project announced on X that its network reached a peak of 857 TPS on the Starknet Mainnet, surpassing its previous high of 503 TPS.

Starknet's new TPS record hints at scaling potential for Ethereum but raises key questions about real-world scalability.

Bittensor made significant gains over the past day hiking by 7.12% surpassing other AI-themed altcoins. TAO's trading volume also surged by 104.58%.

Bitcoin (BTC) faced a considerable slump on Friday, and registered a low of $65,700 on Saturday as escalating tensions in the Middle East spooked markets. However, it found support at this level and recovered to push back above $67,000.

Bittensor (TAO), one of the leading artificial intelligence coins in the market, is currently showing signs of consolidation. Market indicators suggest indecision, with neither buyers nor sellers taking firm control.

Bittensor shows bullish potential despite short-term correction, targeting higher prices.

The artificial intelligence sector has become one of the most exciting and innovative developments in 2024. While many altcoins leverage artificial intelligence (AI) to disrupt industries and drive technological advancements, investors can consider these assets to sell as they could underperform in Q4.

The price of the leading artificial intelligence-related token Bittensor (TAO) has trended within an ascending channel since early September. Trading at $575 as of this writing, the altcoin has since noted a 150% uptick.

Here is how some of your favorite assets concluded the week.

A $50B global market cap is on the horizon for artificial intelligence based crypto, but multiple token unlocks are luring.

With the crypto market turning bullish, investors are optimistic about altcoins. This attention will most likely end up on AI Crypto or Artificial Intelligence-based cryptocurrencies due to the upcoming NVIDIA earnings in November.

Since last weekend, crypto buyers have returned enthusiastically, delivering the Q4 momentum many had anticipated. With Bitcoin's October performance flipping to the green, the altcoin market is gathering sufficient strength to spark a high-momentum rally.

With the Bitcoin price reaching above $68,000 momentarily, the anticipation of a new altcoin high by the end of the year is increasing. Amid the increasing chances of a bull run following the altcoin rally, the AI tokens quickly grow.

TAO has declined by 6.80% over the past day. However, whales continue to dominate the market taking 77% of long positions.

Bittensor (TAO) price has dropped by 6% in the last 24 hours, reversing the earlier trend where it closed in on $700 just days ago. This decline has ensured that TAO's price is now below the $600 threshold.

The crypto markets are facing a mid-week bearish heat after a bullish start, which may hinder the progress of the rally for a while. The AI tokens, which gained immense attention in a short while are consolidating, which may be a bullish signal.

Bitcoin surged to a seven-day high of $64,300, gaining 2.5% following China's announcement of economic stimulus measures. This positive sentiment came after Bitcoin briefly dipped below $60,000 last week due to market volatility and concerns over rising US CPI data. Despite these challenges, Bitcoin has bounced back strongly.

Bitcoin (BTC) has continued its impressive performance this week, going past $67,000 after an increase of almost 3% over the past 24 hours and almost 8% over the past week, as the crypto market continues its impressive recovery.