California-based startup Altera has launched Project Sid, a groundbreaking simulation featuring over 1,000 autonomous AI agents collaborating in a Minecraft world. The project, led by CEO Robert Yang, a former assistant MIT professor, aims to explore the potential of AI agents to form complex societies and tackle challenges collectively. Per Altera, the AI agents in The post Entirely AI populated civilization develops priest-led cults in Minecraft appeared first on CryptoSlate.

The Sahm Rule, a key recession indicator, continues to signal an elevated risk of an economic downturn in the United States, adding to bearish sentiment in crypto markets already grappling with negative on-chain trends. According to a recent analysis by ETC Group (now a part of Bitwise), the Sahm Rule remains triggered, implying an imminent The post Sahm Rule indicates US recession remains likely but crypto may be set for bullish reversal appeared first on CryptoSlate.

As we approach the end of 2024, the emerging tech landscape bears little resemblance to that of 2019. In just five years, the whirlwind of innovation that swept through decentralized finance, artificial intelligence, and blockchain technologies has transformed our digital world at a dizzying pace. Yet, amid this rapid progress, I see a curious phenomenon The post Crypto has become boring in 2024 while AI creates peak apathy for new tech appeared first on CryptoSlate.

Bitcoin’s trading hours have surpassed those of the modern US fiat stock market since the Nixon Shock, but claims of it exceeding the entire history of US stock trading or fiat globally would be premature. A closer examination reveals a more nuanced picture of market longevity and trading activity. The crypto community recently buzzed with The post No, Bitcoin trading is not older than fiat or the US stock market, yet appeared first on CryptoSlate.

Cantor Fitzgerald CEO Howard Lutnick recently articulated his vision for Bitcoin’s integration into traditional finance, emphasizing its potential to become a pivotal asset in the financial industry. Lutnick highlighted the gradual acceptance of Bitcoin within mainstream finance, noting that while an ETF has begun to make Bitcoin more mainstream, banks are still unable to engage The post Cantor Fitzgerald CEO predicts US banks to hold Bitcoin within 5 years appeared first on CryptoSlate.