The post The AI-Focused Project’s First Halving Is Coming! How Will It Affect the Price? Here Are the Details appeared on BitcoinEthereumNews.com. Bittensor, the AI-driven decentralized network, is preparing to complete its first four-year cycle with its first halving event on December 14. Bittensor’s First Halving Approaches: TAO Supply Halving Could Start a New Era for Price With this critical update, the daily supply of the network’s native token, TAO, will be reduced from 7,200 to 3,600, thus halving token production. Bittensor operates as an open network at the intersection of AI and crypto. Users can contribute to various AI tasks to improve AI systems and receive rewards in TAO tokens based on the benefits of their contributions. The network currently has 129 active subnets. These subnets provide a wide range of AI-based services, including computing power, data storage, AI agents, and deepfake detection. The halving’s reduction in TAO supply is expected to create greater scarcity in the token’s market dynamics, potentially positively impacting its price. Grayscale research analyst Will Ogden Moore, recalling Bitcoin’s past halving experiences, stated, “We’ve seen in Bitcoin how decreasing supply strengthens the network’s value over time.” According to Moore, Bittensor’s first halving will also be a significant milestone in the network’s maturation process, marking the beginning of the path towards a maximum supply of 21 million TAO. Grayscale also highlights a significant increase in institutional interest in the Bittensor ecosystem. The dynamic TAO (dTAO) mechanism introduced in February has enabled strong expansion of the Bittensor ecosystem’s total market capitalization by making subnets directly investable. Funds like Yuma Asset Management and Stillcore Capital have launched new products investing in the most successful subnets. Three public companies have also established TAO treasuries, with TAO Synergies reportedly holding approximately $12 million in TAO. Moore suggests that the early success of subnetwork-based applications, rising institutional capital, and the upcoming halving could all be positive catalysts for TAO’s price. TAO is currently… The post The AI-Focused Project’s First Halving Is Coming! How Will It Affect the Price? Here Are the Details appeared on BitcoinEthereumNews.com. Bittensor, the AI-driven decentralized network, is preparing to complete its first four-year cycle with its first halving event on December 14. Bittensor’s First Halving Approaches: TAO Supply Halving Could Start a New Era for Price With this critical update, the daily supply of the network’s native token, TAO, will be reduced from 7,200 to 3,600, thus halving token production. Bittensor operates as an open network at the intersection of AI and crypto. Users can contribute to various AI tasks to improve AI systems and receive rewards in TAO tokens based on the benefits of their contributions. The network currently has 129 active subnets. These subnets provide a wide range of AI-based services, including computing power, data storage, AI agents, and deepfake detection. The halving’s reduction in TAO supply is expected to create greater scarcity in the token’s market dynamics, potentially positively impacting its price. Grayscale research analyst Will Ogden Moore, recalling Bitcoin’s past halving experiences, stated, “We’ve seen in Bitcoin how decreasing supply strengthens the network’s value over time.” According to Moore, Bittensor’s first halving will also be a significant milestone in the network’s maturation process, marking the beginning of the path towards a maximum supply of 21 million TAO. Grayscale also highlights a significant increase in institutional interest in the Bittensor ecosystem. The dynamic TAO (dTAO) mechanism introduced in February has enabled strong expansion of the Bittensor ecosystem’s total market capitalization by making subnets directly investable. Funds like Yuma Asset Management and Stillcore Capital have launched new products investing in the most successful subnets. Three public companies have also established TAO treasuries, with TAO Synergies reportedly holding approximately $12 million in TAO. Moore suggests that the early success of subnetwork-based applications, rising institutional capital, and the upcoming halving could all be positive catalysts for TAO’s price. TAO is currently…

                                                                               Colombians will soon be able to receive and store USDC through MoneyGram’s new crypto app, which is launching soon in app stores.                     MoneyGram’s digital payments app is set to launch in Colombia, offering locals a way to save in US dollar stablecoins as the Colombian peso continues to weaken.MoneyGram’s crypto service is powered by the Stellar network and leverages Crossmint for self-custody, enabling users to store the USDC (USDC) stablecoin and transfer it overseas nearly instantly. In a statement on Wednesday, MoneyGram said Colombia is the “ideal launch market” as Colombian families receive more than 22 times the money they send abroad.Read more