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The cryptocurrency industry continues to comingle with that of artificial intelligence in what is reported as a new deal between tech heavyweight Microsoft and former Ethereum miner – CoreWeave.

According to recent coverage by CNBC, Microsoft has signed a deal with the former Ethereum miner – CoreWeave.
It’s worth noting that CoreWeave has spun up its usage of cloud computing infrastructure from Ethereum mining and is currently one of the rapidly developing providers.
It recently attained a valuation of $2 billion.
The financials of the deal with Microsoft haven’t been disclosed, but according to sources familiar with the matter and cited by CNBC, the tech behemoth has agreed to spend “potentially billions of dollars over multiple years.”
At the beginning of 2023, Microsoft also invested a whopping $10 billion in OpenAI – the firm behind the popular AI-based chatbot ChatGPT.
Sam Altman – the CEO of OpenAI – in turn, is now spearheading a cryptocurrency project called Worldcoin. He was successful in securing funding of $115 million to build the project, which involves high-precision retina scans and is backed by crypto’s most prominent VCs.

Featured image courtesy of CNET
The post Former Ethereum Miner CoreWeave Inks an AI Deal With Microsoft appeared first on CryptoPotato.

Microsoft has repotedly signed a deal with former Ethereum miner - CoreWeave. 

cryptopotato.com

Former Ethereum Miner CoreWeave Inks an AI Deal With Microsoft

Tron rose to a one-year high to start the weekend, as founder Justin Sun confirmed an integration to the ethereum blockchain network. In a tweet, Sun said, “TRON has now expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge.” 
Tron (TRX)
Tron (TRX) was one the biggest movers on Saturday, with prices rising by as much as 11% in today’s session.
Following a low of $0.0762 on Friday, TRX/USD raced to an intraday peak of $0.08545 earlier in today’s session.
As a result of the surge, the token, which recently registered a record number of daily transactions, hit its highest point since June 2 last year.

Overall, tron is up 12.16% in the last seven days, with the latest rally leading to a breakout of a ceiling at $0.0796
The relative strength index (RSI) also moved above a resistance level of its own at 70.00, and is now tracking at 75.77.
Should this uptrend continue, there is a good chance that bulls will attempt to take the index to a higher ceiling at 79.00.

XRP
XRP, formerly ripple, hit a multi-week high to start the weekend, colliding with a key price ceiling in the process.
XRP/USD surged to a high of $0.5299 earlier on Saturday, which comes following yesterday’s low of $0.5137.
This move led to the token nearing a collision with a resistance level at $0.5300, securing its highest point since April 19 in the process.

Following this, prices have since slipped, with earlier bulls seemingly opting to secure gains.
At the time of writing, XRP is trading at $0.5234, and this comes as the RSI falls below its own ceiling at 69.00.
Price strength is now at 67.71, with the next visible floor at the 64.00 mark.
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What impact will tron’s integration on the ethereum blockchain have on the market? Let us know your thoughts in the comments.




Tron rose to a one-year high to start the weekend, as founder Justin Sun confirmed an integration to the ethereum blockchain network. In a tweet, Sun said, &#x201C;TRON has now expanded its reach by going live on the Ethereum blockchain by leveraging the BitTorrent bridge.&#x201D; Tron (TRX) Tron...

news.bitcoin.com

Biggest Movers: TRX Hits 1-Year High, Following Integration on Ethereum Network

Quant (QNT), an Ethereum-based token, has experienced a 15.15% increase in its price over the past seven days. QNT plays a vital role in Quant Network’s Overledger, a suite of enterprise software solutions designed to connect public blockchains and private networks seamlessly. By enabling the creation of multi-chain decentralized applications (mDapps), Quant Network empowers developers to build and operate applications that span across multiple blockchains simultaneously.
With its focus on interoperability, Quant Network’s Overledger solution provides a framework for bridging different blockchain networks, fostering connectivity and facilitating efficient data exchange between disparate systems. The use of QNT within the Overledger ecosystem not only powers these interoperability capabilities but also plays a crucial role in securing and incentivizing participants within the network.

As the price of Quant (QNT) continues its upward trajectory, the growing interest in the token reflects the recognition of its importance in enabling the seamless operation of mDapps and facilitating cross-chain communication. With Quant Network’s innovative approach to interoperability, the future holds promising possibilities for enhanced collaboration and integration across various blockchain platforms.
Related Reading: Injective Protocol (INJ) Tallies 23% Price Surge In Past 7 Days – Here’s Why
Why’s There A Strong Bullish Sentiment For QNT? 
The recent price surge of Quant (QNT) can be attributed to the transformative power of distributed ledger technology (DLT) and the unique features offered by the Quant platform. DLT, surpassing the limitations of traditional blockchain, provides solutions to unanswered questions, enabling secure and cost-effective asset exchange while driving value, opening new markets, and increasing efficiency for enterprises, governments, and individuals worldwide.

Founded in 2015 by Gilbert Verdian, Quant emerged as a pioneer in harnessing the potential of DLT to empower and expedite people’s lives. As the genesis of Quant, DLT addresses scalability issues by ensuring faster and more affordable transactions, offering a promising alternative to traditional blockchain networks.
The unique utility of Quant (QNT) makes it a very interesting project. And, since utility is one of the major factors that affect the growth of a crypto project, it’s no surprise that investors are turning toward QNT.
What’s Next For Quant?
Quant has caught the attention of investors with its impressive market capitalization of $1,408,329,718 and a notable trading volume of $25,330,831. While it may have been considered the slowest in terms of price movement, Quant has consistently demonstrated growth in the cryptocurrency market. 
Related Reading: Floki Inu Gains Momentum As Chinese E-Commerce Giant Recognizes Its Utility
The optimistic founders of Quant believe that as a leader in the industry, the mass adoption of Quant holds great promise for its supporters. Currently priced at $116, there is anticipation for Quant’s value to soar even higher in response to the increasing demand projected in the future. Based on bullish scenarios and analysis of historical data, the price of Quant is expected to experience a significant rise.
-Featured image from iStock.com, charts from TradingView


Quant (QNT), an Ethereum-based token, has experienced a 15.15% increase in its price over the past seven days. QNT plays a vital role in Quant Network&#8217;s Overledger, a suite of enterprise software solutions designed to connect public blockchains and private networks seamlessly. By enabling t...

newsbtc.com

Quant Hype Spikes As Price Surges 15% – Is This A Top Signal?

A widely followed crypto analyst says that one Ethereum (ETH)-based altcoin is flashing signs of bullishness against both the US dollar and Bitcoin (BTC).
Pseudonymous crypto analyst Kaleo tells his 590,200 Twitter followers that the decentralized derivatives exchange Injective (INJ) looks poised to outperform Bitcoin (INJ/BTC).

According to a chart shared by the analyst, the INJ/BTC pair appears to have successfully retested a diagonal resistance as support.
“INJ is showing solid strength vs. BTC again. I’m long here.”
Source: Kaleo/Twitter
Kaleo later updates the chart, saying that the INJ/BTC pair could briefly cool off after rallying to as high as 0.0003031 BTC ($8.23).
“INJ / BTC with a solid move so far. Wouldn’t be surprised to see a bit of accumulation here before a continuation higher.”
Source: Kaleo/Twitter
Kaleo is also keeping a close watch on INJ’s price action against the US dollar.
The popular analyst says that the pair also looks bullish after taking out its diagonal resistance and retesting it as support.
“INJ / USD chart looks great as well.”
Source: Kaleo/Twitter
 
Injective is worth $7.86 at time of writing, up 7.7% during the last 24 hours.
Injective has recently announced a number of new developments to its ecosystem, including the integration with the blockchain-scaling solution Polygon (MATIC).
“Injective launches a groundbreaking integration with [Polygon Labs] to enable true DeFi (decentralized finance) composability. For the first time, native assets from Polygon and Injective can be utilized for a diverse array of cross-chain use cases within the two ecosystems.” 
Injective also completed an upgrade to its Avalon mainnet after the proposal was approved by 99.8% of the community voters.
“The Avalon Mainnet Upgrade is complete to bring you the most performant Injective infrastructure to date:

 Robust scalability optimizations 
PoS (proof of stake) validation revamp 
Fastest block times on mainnet.” 

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Generated Image: Midjourney
The post Popular Crypto Analyst Bullish on One Ethereum-Based Altcoin, Says It’s Showing ‘Solid Strength’ appeared first on The Daily Hodl.


A widely followed crypto analyst says that one Ethereum (ETH)-based altcoin is flashing signs of bullishness against both the US dollar and Bitcoin (BTC). Pseudonymous crypto analyst Kaleo tells his 590,200 Twitter followers that the decentralized derivatives exchange Injective (INJ) looks poised...

dailyhodl.com

Popular Crypto Analyst Bullish on One Ethereum-Based Altcoin, Says It’s Showing ‘Solid Strength’

Bitcoin started the weekend in the red, as markets continued to digest the latest nonfarm payrolls in the United States. Despite payrolls coming in better than expected, the unemployment rate also rose, hitting 3.7%, which is its highest point since last October.
Bitcoin
Bitcoin (BTC) was mostly consolidating to start the weekend, as traders continued to digest the latest U.S. nonfarm payrolls data.
Payrolls rose to 339,000 last month, which was higher than the 190,000 markets were expecting.
Following a low of $26,898.00 on Friday, BTC/USD is trading at $27,149.78 at the time of writing.

For many, a recent upward crossover of the 10-day (red) and 25-day (blue) moving averages was a signal that bullish momentum was set to return.
However, yesterday’s economic data has added more questions than provided answers, as to what the Federal Reserve could do in its upcoming meeting.
A ceiling at $27,300 remains a key hurdle for bulls to overcome, and should this occur, the chances of a move to $28,000 will increase.

Ethereum
Ethereum (ETH) briefly broke out of the $1,900 level to start the weekend. However, it has since rebounded.
ETH/USD bounced to a peak of $1,910.28 on Saturday, after an earlier move which saw it land at a bottom at $1,878.61.
At the time of writing, ethereum is trading at $1,903.70, with prices 0.63% higher than the aforementioned low.

In order to increase this percentage, the relative strength index (RSI) will need to rise above a ceiling at 49.00.
The index is currently tracking at 48.08, with bears attempting to take it towards a support point at 47.00.
Should bulls reject this, the ETH 10-day (red) moving average will likely extend its own crossover, which could help spur another uptrend.
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Could markets remain volatile until the next Fed meeting? Leave your thoughts in the comments below.




Bitcoin started the weekend in the red, as markets continued to digest the latest nonfarm payrolls in the United States. Despite payrolls coming in better than expected, the unemployment rate also rose, hitting 3.7%, which is its highest point since last October. Bitcoin Bitcoin (BTC) was mostly ...

Ethereum price	$1,902.05
Low - High 24H	$1,887.52 - $1,910.89
Market cap	$228.71B
Volume 24H	$3.48B
All time high	$4,878.26 -61.02% November 10th 2021
All time low	$0.432979 439121.93% October 20th 2015
Genesis date	N/A

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