There is a new star on the crypto sky. A new AI trading bot meme coin project called WienerAI (WAI) has just raised an eye-watering $6 million at presale. Some might say WAI looks very similar to famous cybernetic sausage dogs DOGE, SHIB, FLOKI and BONK. But in fact it WAI is a totally different animal. WienerAI is a project that aims to be the most advanced beginner-friendly trading bot in crypto. The developers call it a “Revolutionary AI Trading partner.” It is user-friendly, provides AI-enhanced trading, seamless swap functionality and zero fees. Using it is just as simple as any other chatbot out there. All you need to do is just ask a question like “what’s the best meme coin to invest right now?” and WienerAI will momentarily answer. It uses complex data analysis, using predictive technology to find next crypto winners. The chatbot is also capable of fast and efficient token swaps. It uses best prices it can find on different DEXs. The developers claim WienerAI is smarter and faster than traditional MEV bots, which are based on basic arbitrage scripts. A whopping $6 million on presale is quite a result. It shows great interest that investors have towards WienerAI. That's second AI token that has risen significant money recently. The first one was AI security token Scotty the AI (SCOTTY), which ended its ICO with over $10 million. So investors have interest and faith in AI tokens. AI's integration with crypto is growing, and we are on the verge of the new era

The latest Elliptic report shows an unsettling trend in the crypto space: the use of AI tech in committing complex crimes is thriving. The use of deepfake scams and state-sponsored cyberattacks are at the top of the list of methods used in 2024. Still, this is, indeed, only the tip of the iceberg, according to Elliptic. The report describes how AI is used to build realistic deep fakes, something scammers employ when posing as company leaders to ask for money during video calls. Victims are lured to transfer significant amounts, believing they are talking to trusted authority. Science and technology for such fraud are entirely developed now, so it is hard to detect, while security is expensive. States are also using AI to increase the efficiency of their actors. Since the report says that cyberattacks by hostile states are increasingly getting sophisticated, they are applying AI to develop new vulnerabilities for attacking and automating those attacks. The vast repercussions of such on national security and financial stability might be crucial. The first way that AI helps in this criminality is that it goes through voluminous data. This helps adequately to launder money, but in a much more sophisticated manner than the conventional ways cannot easily trace. Automating transactions to hide origins and other AI tools is a dangerous leg up for criminals. A report by Elliptic shows that this will become an even more significant problem as AI grows in sophistication. The report is also calling for increased vigilance and better regulation frameworks. These threats are dynamic, so financial institutions must gear up in response to them. The cryptocurrency community is also encouraged to invest in AI-driven defense mechanisms. As much as AI can be used in crime, it can also enhance security. There is a call for advanced monitoring and detection systems. Furthermore, there is a call for public-private partnerships in collaboration with governments. The findings of Elliptic only bring out an unflinching fact about the changed threat landscape. AI integration into crimes can be seen as a new era in the challenge toward cybersecurity. This report calls for action by all the parties in the crypto space. However, this is not the only influence AI can have on the crypto markets. For instance, the current trend reports that crypto mining companies are finding new opportunities in the AI sector by converting their existing infrastructures. That is driven by AI’s unprecedented demand for data center and GPU resources., today, AI requires more data centers and GPU resources than ever before. Several miners see this as the ideal time to diversify their activities. Such opportunities will increase the returns from an infrastructure built for mining and continue with core operations.

According to a recent report by Bloomberg, crypto mining companies are finding new opportunities in the AI sector by converting their existing infrastructures. That is driven by AI’s unprecedented demand for data center and GPU resources. The rising demand for artificial intelligence (AI) is causing a seismic shift in the cryptocurrency mining industry. Major crypto miners are reconfiguring their data centers to accommodate AI workloads. This pivot underscores a critical trend: the convergence of AI and blockchain technologies. Hive Blockchain Technologies, a prominent name in crypto mining, is at the forefront of this transformation. The company is repurposing its existing facilities to support AI-driven tasks. This shift is motivated by the lucrative opportunities AI offers, especially as the demand for AI applications skyrockets. This trend is not isolated. Many crypto miners are recognizing the potential in diversifying their operations. By integrating AI capabilities, they can leverage their infrastructure more effectively. This strategic move is expected to enhance profitability while maintaining their core mining activities. The transformation is fueled by the increasing computational needs of AI. Data centers initially designed for crypto mining are well-suited to meet these demands. High-performance computing power is a common denominator, making the transition smoother for these companies. Industry analysts view this development as a significant evolution. The blending of AI and blockchain could lead to innovative solutions and efficiencies. For crypto miners, it's a pathway to sustain and potentially grow their business amid fluctuating crypto markets.

Crypto trader Altcoin Sherpa predicts a strong rally for AI-focused altcoins in the coming months. Despite recent underperformance, Sherpa remains bullish on several key projects. He highlights Render (RNDR), Fetch.ai (FET), Arweave (AR), and RSS3 as his top picks. These projects are expected to benefit from growing interest and advancements in artificial intelligence. Sherpa advises investors to be patient and consider scaling into these altcoins. He emphasizes that current price levels offer good buying opportunities for those looking to enter the market. Patience and strategic entry points are crucial for maximizing returns. In addition to AI altcoins, Sherpa is also optimistic about Echelon Prime (PRIME), a gaming token. He recommends accumulating PRIME between $11 and $15, noting its potential in the gaming sector. At the time of his analysis, PRIME was trading at $16.70, suggesting room for growth within the advised accumulation range. Sherpa's insights reflect a broader trend in the cryptocurrency market, where AI and gaming tokens are gaining traction. Investors are increasingly looking at these sectors for potential high returns. His top picks offer a roadmap for those interested in diversifying their crypto portfolios with promising AI and gaming projects. But it's worth remembering that so many predictions about young tokens in the dynamic crypto market don't come true.

Venice AI, a privacy focused open-source tool, is free for Morpheus token holders. Erik Voorhees sees Venice AI as means to fight for digital freedom. Cryptocurrency exchange ShapeShift founder Erik Voorhees announced the public launch of his latest venture, Venice AI. It is a privacy-focused generative AI chatbot. Acknowledging the important work done by OpenAI, Anthropic, and Google in pushing the field of generative AI forward, Voorhees said consumers should still have the choice to use open-source AI. “I saw where AI is going, which is to be captured by large tech companies that are in bed with the government,” Voorhees told Decrypt. “And that really worried me, and I see how powerful AI is, how consequential it can be—an amazing realm of new technologies.” According to Voorhees, the antidote to that is open-source decentralization, i.e. not giving monopoly power over this stuff to anyone. Venice AI does not store user data and can’t see user conversations, Voorhees said, explaining that Venice AI sends users’ text input through an encrypted proxy server to a decentralized GPU that runs the AI model, which then sends the answer back. “The whole point of that is for security,” Voorhees said. Voorhees launched the ShapeShift cryptocurrency exchange in 2014. In July 2021, the exchange said it would transition to an open-source decentralized exchange (DEX), with control of the exchange transferring from Voorhees to the ShapeShift DAO. Then a number of scandals occured leading to an ultimate demise of the Voorhees creation. ShapeShift announced in March that it would shut down after becoming embroiled in a battle with the U.S. Securities and Exchange Commission. The exchange agreed to pay a $275,000 fine and abide by a cease-and-desist order to settle allegations that the exchange allowed users to trade digital assets without registering as a broker or exchange with the agency.