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AI-based cryptocurrencies Bittensor (TAO) and Fetch.ai (FET) have been predicted by OpenAI's chatbot, ChatGPT, to be the top performers in the sector this year. TAO, with its surging market cap and strong growth potential, is a key contender. The asset has seen a 725% increase since May 2023, despite a significant retracement from its all-time high of over $720 in March this year. FET, the second-largest AI cryptocurrency with a market cap of around $5.7 billion, was also highlighted due to its advanced technology and broad applicability in industries like supply chain optimization and smart cities. Other AI cryptocurrencies such as Render (RNDR), SingularityNET (AGIX), and Ocean Protocol (OCEAN) were also mentioned as potential top performers. Interestingly, the current leader in AI cryptocurrency, Internet Computer (ICP), was not included in ChatGPT's ranking. The chatbot suggested that ICP could maintain its leadership if it effectively integrates AI functionalities and tools, making it more attractive to developers and companies. It also noted that investment levels and regulatory changes could significantly impact ICP's performance.

AI-based cryptocurrencies Bittensor (TAO) and Fetch.ai (FET) have been predicted by OpenAI's chatbot, ChatGPT, to be the top performers in the sector this year. TAO, with its surging market cap and strong growth potential, is a key contender. The asset has seen a 725% increase since May 2023, despite a significant retracement from its all-time high of over $720 in March this year.

FET, the second-largest AI cryptocurrency with a market cap of around $5.7 billion, was also highlighted due to its advanced technology and broad applicability in industries like supply chain optimization and smart cities. Other AI cryptocurrencies such as Render (RNDR), SingularityNET (AGIX), and Ocean Protocol (OCEAN) were also mentioned as potential top performers.

Interestingly, the current leader in AI cryptocurrency, Internet Computer (ICP), was not included in ChatGPT's ranking. The chatbot suggested that ICP could maintain its leadership if it effectively integrates AI functionalities and tools, making it more attractive to developers and companies. It also noted that investment levels and regulatory changes could significantly impact ICP's performance.

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Taiwanese national, Rui-Siang Lin, has been arrested and charged for operating Incognito Market, a darknet platform that facilitated over $100 million in crypto transactions through the sale of illegal drugs. Lin, known by the pseudonym "Pharoah," ran the marketplace for four years, amassing millions in personal profit. The platform, which dealt in drugs like Adderall, MDMA, LSD, and cocaine, accepted payments in Monero and Bitcoin, with Lin taking a 5% cut from each sale. Lin's arrest is a significant development in the fight against illegal activities in the crypto space. The FBI was able to identify Lin by tracing crypto transactions from the marketplace to an exchange account registered in his name. The arrest underscores the fact that, despite the perceived anonymity of blockchain transactions, law enforcement agencies have the tools to track and apprehend those who misuse the technology. Despite the negative connotations of this case, the broader market remains robust and optimistic. The incident serves as a reminder of the importance of regulatory compliance and the need for vigilance against illicit activities. As the industry continues to mature, it is expected that such incidents will become less frequent, paving the way for a more secure and trustworthy crypto environment. Lin faces multiple charges, including money laundering and narcotics conspiracy, and could face a life sentence if convicted. This case serves as a stark warning to those considering using blockchain technology for illegal purposes.
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