Artificial Superintelligence Alliance

Bittensor

Akash Network

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Decentralized AI project Bittensor TAO gains 41% in the past day recovering from the losses experienced yesterday when the global crypto market saw over $1 billion in liquidations. 
At the time of writing, Bittensor’s (<a href="https://crypto.news/price/bittensor/" target="_blank" rel="noreferrer noopener">TAO</a>) price has climbed 49% to $254, marking a 15% gain compared to this time last month, according to CoinGecko data. 
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The crypto asset has a daily trading volume of $203 million, while its market cap stood at $1.8 trillion. The latest feat makes TAO the best-performing asset in the top 100 on CoinGecko, surpassing decentralized, open-source cloud computing marketplace Akash Network (<a href="https://crypto.news/price/akash-network/" target="_blank" rel="noreferrer noopener">AKT</a>), which has also surged 41% in the last 24 hours. 
The latest surge in TAO follows an X announcement from decentralized AI platform Bitmind on Aug. 6 about the launch of the BitMind Subnet, a new component of the Bittensor ecosystem focused on detecting and mitigating deepfakes. 
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 This one is for you <a href="https://twitter.com/hashtag/aidevelopers?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#aidevelopers</a>! We just made a comprehensive guide teaching you how to start <a href="https://twitter.com/hashtag/mining?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#mining</a> on the BitMind subnet on RunPod. Link: <a href="https://t.co/VNdgvtEOVv" target="_blank" rel="">https://t.co/VNdgvtEOVv</a> P.S. You can also earn rewards for creating a <a href="https://twitter.com/hashtag/deepfakedetection?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="">#deepfakedetection</a> model on <a href="https://twitter.com/opentensor?ref_src=twsrc%5Etfw" target="_blank" rel="">@opentensor</a>. Reach out for more info— Bitmind (@BitMindAI) <a href="https://twitter.com/BitMindAI/status/1820484417837727770?ref_src=twsrc%5Etfw" target="_blank" rel="">August 5, 2024</a>
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 You might also like: <a href="https://crypto.news/celestia-tia-helium-hnt-lead-gainers-as-bitcoin-retests-55k/"> Celestia, Helium lead gainers as Bitcoin retests $55k </a> 
It effectively differentiates between authentic and synthetic content, offering transparent, publicly accessible results and utilizing an open-source subnet architecture. 
The surge in TAO also comes at a time when other AI tokens have also surged over the past day. Notably, Render (<a href="https://crypto.news/price/render/" target="_blank" rel="noreferrer noopener">RENDER</a>) and Artificial Superintelligence Alliance token (<a href="https://crypto.news/price/fetch-ai/" target="_blank" rel="noreferrer noopener">FET</a>) also jumped 28.8% and 13.6% respectively. 
Meanwhile, the latest surge in AI tokens also follows a surge of 9% in the global crypto market now standing at $1.98 trillion. 
Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noreferrer noopener">BTC</a>), the leading cryptocurrency, is also in the green, up 7.6% in the last 24 hours and exchanging hands at $55,694. Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>), the largest altcoin, was also up 10%, trading at $2,506 per price data from CoinGecko. 
 Read more: <a href="https://crypto.news/crypto-liquidations-surpass-1b-amid-market-wide-turbulence/"> Crypto liquidations surpass $1b amid market-wide turbulence </a>

Bittensor surges 41% as AI project Bitmind unveils deepfake detection system

crypto.news

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