Blockchain Press Releases
World’s first AI-powered GPT to focus on regulation in tokenization and digital assets
COPENHAGEN, Denmark, Jan. 18, 2024 /PRNewswire/ — The Tokenizer is proud to launch the global regulatory service – The Token RegRadar – in a groundbreaking new version featuring a powerful AI integration.
The core of The Token RegRadar is an extensive, domain-specific database built from scratch by The Tokenizer’s team over the past three years. This regulatory database contains legal texts, lawsuits, industry reports, interviews and much more. It currently covers more than 80 jurisdictions, and it is continuously updated through numerous sources and will continue to grow in the future.
By integrating a customised GPT – Generative Pre-trained Transformer – AI solution designed to utilise The Token RegRadar’s specialised data, it is possible now to offer an extremely powerful service that enables users to seek regulatory information in seconds about almost any aspect of the domain of asset tokenization and digital asset.
The Token RegRadar is a service developed to assist a wide range of professionals in the space of asset tokenization and digital assets. Law firms that need fast access to updated regulatory information from across the globe, regulatory authorities, FSAs, governments, analysts, and several other categories of players within the industry, such as issuance companies, exchanges, banks, custodians, service providers and more. Finally, The Token RegRadar, in its AI-enabled version, can be a highly useful tool for asset owners and companies conducting token issuances.
The AI-powered version was developed in collaboration with the Boston-based AI company CustomGPT, which, among others, has the Massachusetts Institute of Technology (MIT) on its client list.
The CEO of CustomGPT, Alden Do Rosario, stated:
“A GPT has the ability to become incredibly powerful when it’s built on a solid database that more or less absorbs all knowledge from a specific domain. The Tokenizer is doing that with its regulatory GPT, focusing on tokenization and digital assets. Supporting and collaborating with companies developing these types of powerful vertical GPTs is one of our main goals at CustomGPT. So we are happy to support The Tokenizer’s journey.”
The Token RegRadar is a subscription-based SaaS product, and it is available globally in the AI-powered version. According to CEO & co-founder of The Tokenizer, Michael Juul Rugaard, today’s AI release is a decisive moment of a long journey:
“The idea of The Token RegRadar as a ‘radar’ constantly scanning jurisdictions for regulatory news arose more than four years ago when we first started The Tokenizer and realised that a major barrier to accelerating our industry was the lack of regulatory overview and clarity, especially across jurisdictions.”
Michael adds, “Since then, we have spent endless hours expanding our database and designing our tool, and by integrating Al, we can finally deliver a service with features that will save a lot of time and money for many professionals in our industry.”
For more information, please contact:
Michael Juul Rugaard [email protected]
[email protected]
+45 93 99 38 83
Please also visit:
The Token RegRadar: https://regradar.thetokenizer.io/
The Tokenizer: https://thetokenizer.io/
Disclaimer:
The Token RegRadar is an AI-powered tool designed to provide regulatory information in the domain of asset tokenization and digital assets. While we strive for accuracy and comprehensiveness, The Tokenizer and its partners, including CustomGPT, do not guarantee the completeness, reliability, or accuracy of the data provided. The information generated by the Token RegRadar should not be interpreted as legal advice, and users should consult with qualified legal professionals for specific legal counsel tailored to their circumstances. This AI-powered service is subject to continuous updates and revisions, and The Tokenizer reserves the right to make modifications as deemed necessary.
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A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
The post Binance warns of crypto market risks from overvaluation, centralization appeared first on HIPTHER Alerts.
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone initiative, aimed at combating “patent trolls” in the crypto industry. Patent trolls, or non-practicing entities (NPEs), are known for exploiting patent rights through litigation rather than developing new technologies. COPA and Unified Patents aim to prevent such entities from hindering blockchain innovation by making costly and baseless patent assertions.
The initiative is designed to safeguard blockchain and related technologies from these unwarranted patent claims, fostering an environment where developers and companies can innovate freely without fear of legal threats. Key figures in the partnership, such as Paul Grewal from Coinbase and Steve Lee from Spiral, emphasize that patent trolls create significant barriers to technological progress, especially in the fast-evolving crypto space.
By aligning with over 300 companies through Unified Patents, COPA’s effort strengthens its mission to protect the blockchain community and the broader crypto-economy from the disruptive impact of NPEs, ensuring that blockchain innovation remains open and accessible.
Source: news.bitcoin.com
The post COPA, Unified Patents Partner to Fight Crypto Patent Trolls appeared first on HIPTHER Alerts.
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