Bittensor
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BITTENSOR SECURITY BREACH HALTS NETWORK, TAO TOKEN DROPS
#Bittensor #TAO #AI $TAO
Bittensor has experienced a major security breach, leading to a halt in network operations and a significant drop in the value of its TAO token. Efforts to investigate and contain the breach are currently underway.
Detection and Immediate Response
The Bittensor team detected suspicious activity on Wednesday morning, prompting an immediate suspension of all network operations. Blockchain explorers confirmed that no new blocks were generated for over six hours, effectively putting the network in "safe mode" and blocking all transactions. This swift action aimed to prevent potential further damage.
Impact on TAO Token Value
The market responded quickly to the news, with the Bittensor (TAO) price dropping by 12%, reflecting investor concerns about the network’s security. The price fell from $281.67 to $237.32 in just 24 hours.
Investigation and Community Response
While official details are limited, early reports suggest the attack involved unauthorized access to user wallets. Security researcher ZachXBT proposed that a leak of private keys might be the root cause. Bittensor co-founder Ala Shaabana confirmed the network halt and assured users that the situation is under control, stating that the attack has been contained.
The Bittensor community on Discord is actively discussing the situation. A moderator named "Watchmaker" confirmed that the network will remain in "safe mode" for at least 24 hours while the investigation continues. As a precaution, regular software updates have been temporarily suspended until the network is fully restored and secured.
Market Impact and Token Performance
The security breach has significantly impacted the Bittensor ecosystem, particularly its native token, TAO. In the 24 hours following the incident, TAO’s price fell by more than 12%, continuing a 16.50% price decline over the past week. Amidst the chaos, the open interest of TAO surged by 16.38%, with a current valuation of $36.4 million.
BITTENSOR SECURITY BREACH HALTS NETWORK, TAO TOKEN DROPS
#Bittensor #TAO #AI $TAO
Bittensor has experienced a major security breach, leading to a halt in network operations and a significant drop in the value of its TAO token. Efforts to investigate and contain the breach are currently underway.
Detection and Immediate Response
The Bittensor team detected suspicious activity on Wednesday morning, prompting an immediate suspension of all network operations. Blockchain explorers confirmed that no new blocks were generated for over six hours, effectively putting the network in "safe mode" and blocking all transactions. This swift action aimed to prevent potential further damage.
Impact on TAO Token Value
The market responded quickly to the news, with the Bittensor (TAO) price dropping by 12%, reflecting investor concerns about the network’s security. The price fell from $281.67 to $237.32 in just 24 hours.
Investigation and Community Response
While official details are limited, early reports suggest the attack involved unauthorized access to user wallets. Security researcher ZachXBT proposed that a leak of private keys might be the root cause. Bittensor co-founder Ala Shaabana confirmed the network halt and assured users that the situation is under control, stating that the attack has been contained.
The Bittensor community on Discord is actively discussing the situation. A moderator named "Watchmaker" confirmed that the network will remain in "safe mode" for at least 24 hours while the investigation continues. As a precaution, regular software updates have been temporarily suspended until the network is fully restored and secured.
Market Impact and Token Performance
The security breach has significantly impacted the Bittensor ecosystem, particularly its native token, TAO. In the 24 hours following the incident, TAO’s price fell by more than 12%, continuing a 16.50% price decline over the past week. Amidst the chaos, the open interest of TAO surged by 16.38%, with a current valuation of $36.4 million.
🚨HACK ALERT!
#Bittensor remains paused after 32,000 $TAO ($8M) was reportedly stolen. ZachXBT suspects a private key leak.
#TAO price dropped 13% to $227. Co-founder Ala Shaabana confirmed the chain is in 'safe mode' for at least 24 hours.
#HackAlert #HackerAlert #TrendingTopic
#Bittensor remains paused after 32,000 $TAO ($8M) was reportedly stolen. ZachXBT suspects a private key leak.
#TAO price dropped 13% to $227. Co-founder Ala Shaabana confirmed the chain is in 'safe mode' for at least 24 hours.
#HackAlert #HackerAlert #TrendingTopic
Bittensor Wallet Hack Causes $8M Loss; TAO Token Falls 15%
#TAO #Bittensor #Bitcoin #Airdrop #Memecoin $TAO $BTC $ETH
#TAO #Bittensor #Bitcoin #Airdrop #Memecoin $TAO $BTC $ETH
Bittensor ($TAO ) Freezes After Wallet Attack! 🥶💥
Uh oh, things got frosty over at Bittensor! The whole network just got put on hold after reports of a security attack on users' wallets. 😡
Apparently, there were some suspicious activities happening with Bittensor wallets, and the developers decided to hit the brakes and shut down the network to stop any further damage.
On-chain sleuth ZachXBT even spotted whispers about stolen private keys, which could explain the whole mess. 🤖
So, how bad is it? Reports say around $8 million worth of #TAO tokens (that's Bittensor's native currency) might have been swiped. No wonder the price is down 16%! 🤮
The good news? Bittensor reacted quickly. The bad news? This is a blow to their reputation. 🙈 We'll keep an eye on this story and see what happens next! Stay tuned!
DYOR! #Bittensor #altcoins
Uh oh, things got frosty over at Bittensor! The whole network just got put on hold after reports of a security attack on users' wallets. 😡
Apparently, there were some suspicious activities happening with Bittensor wallets, and the developers decided to hit the brakes and shut down the network to stop any further damage.
On-chain sleuth ZachXBT even spotted whispers about stolen private keys, which could explain the whole mess. 🤖
So, how bad is it? Reports say around $8 million worth of #TAO tokens (that's Bittensor's native currency) might have been swiped. No wonder the price is down 16%! 🤮
The good news? Bittensor reacted quickly. The bad news? This is a blow to their reputation. 🙈 We'll keep an eye on this story and see what happens next! Stay tuned!
DYOR! #Bittensor #altcoins
Innovation is the calling card of the future.
I have spent 100’s of hours of research to spoonfeed my followers 3 projects with ground breaking technology that will, in my eyes, deliver life changing gains
Tao
Alph
INJ
And here’s why :
• $ALPH
$ALPH is a scalable, sharded PoW layer 1 blockchain capable of handling a throughput of 10,000 TPS ( Transactions-Per-Second ).
Allowing devs across the globe to put all their wildest DeFi & Dapps dreams into reality.
• Value proposition :
- Fair Launched
- Decentralized.
- Tackling the Blockchain Trilemma
Giga brain devs
- Thriving Blockchain Ecosystem
- High quality dApps $AYIN alphpad alephiumbank
- AAA Partnerships w/ Bitcoin Association Switzerland, UTXO Alliance etc.
• Catalysts :
- $ALPH & $ETH Bridge
- Rhone upgrade lowering the block time to 16 secs.
- Exchange Listings
- Ecosystem growing
Bitmain Asics
・Conviction : ⭐️⭐️⭐️⭐️⭐️
TAO is simply put the $BTC of Decentralized Artificial Intelligence.
TAO is a decentralized artificial intelligence protocol with a sole purpose of democratizing AI, creating the most technologically advanced Neural Networks in the globe & facilitating the creation of fair & competitive markets for decentralized Artificial Intelligence.
TAO’s s architechture is based on its subnets that streamline an incentive-based market for decentralized AI.
• Value proposition :
- Fair Launched.
- 100% Decentralized.
- Leader in Crypto’s hottest category AI
- In developpement for over 8 years.
Same tokenomic model & curve as $BTC
- Utilizing more parameters than ChatGPT
-First mover
-Crypto’s most technologically advanced Neural Networks.
Catalysts :
- Leading the AI super-cycle.
- Multiple VCs predicting Neural Networks will be the most important catalysts across the next decade according such as Cathie Woods ArkInvest.
-Dynamic TAO.
-NVIDIA now the #1 company in the globe by Market Capitalization.
・Conviction : ⭐️⭐️⭐️⭐️⭐️
• $INJ
$INJ is an interoperable layer 1 blockchain tailored for Decentralized finance DeFi.
$INJ is Proof-Of-Stake (Pos) blockchain able to reach a high throughput of 25,000 TPS & instant transaction finality, all while maintaining the transaction fees sub 0.0002.
$INJ is the first blockchain to offer auto-executing smart contracts which allows anyone to build dApps at the snap of a finger, made possible only with its CosmWasm smart contract layer.
• Value proposition :
Robust ecosystem of over 190 projects.
Backed by Binance, Pantera, Jump_, Mark Cuban
25,000 TPS.
Blazing fast .
Low block time 0.8S.
Almost feeless transactions.
Robust ecosystem of over 190 projects.
• Catalysts :
- $INJ & $FET strategic partnership.
- Soaring adoption.
- Dev activity lvl breaking ATHs.
- High quality dApps HelixApp_ MitoFinance hydro_fi
- Multiple integrations such as Tria lately
- Ecosystem Growing.
・Conviction : ⭐️⭐️⭐️⭐️⭐️
Smash that follow & turn on the 🔔
Not to miss out on the highest quality content 🪄🔮
#Tao #Bittensor #bitcoin #MtGoxJulyRepayments
Tao
Alph
INJ
And here’s why :
• $ALPH
$ALPH is a scalable, sharded PoW layer 1 blockchain capable of handling a throughput of 10,000 TPS ( Transactions-Per-Second ).
Allowing devs across the globe to put all their wildest DeFi & Dapps dreams into reality.
• Value proposition :
- Fair Launched
- Decentralized.
- Tackling the Blockchain Trilemma
Giga brain devs
- Thriving Blockchain Ecosystem
- High quality dApps $AYIN alphpad alephiumbank
- AAA Partnerships w/ Bitcoin Association Switzerland, UTXO Alliance etc.
• Catalysts :
- $ALPH & $ETH Bridge
- Rhone upgrade lowering the block time to 16 secs.
- Exchange Listings
- Ecosystem growing
Bitmain Asics
・Conviction : ⭐️⭐️⭐️⭐️⭐️
TAO is simply put the $BTC of Decentralized Artificial Intelligence.
TAO is a decentralized artificial intelligence protocol with a sole purpose of democratizing AI, creating the most technologically advanced Neural Networks in the globe & facilitating the creation of fair & competitive markets for decentralized Artificial Intelligence.
TAO’s s architechture is based on its subnets that streamline an incentive-based market for decentralized AI.
• Value proposition :
- Fair Launched.
- 100% Decentralized.
- Leader in Crypto’s hottest category AI
- In developpement for over 8 years.
Same tokenomic model & curve as $BTC
- Utilizing more parameters than ChatGPT
-First mover
-Crypto’s most technologically advanced Neural Networks.
Catalysts :
- Leading the AI super-cycle.
- Multiple VCs predicting Neural Networks will be the most important catalysts across the next decade according such as Cathie Woods ArkInvest.
-Dynamic TAO.
-NVIDIA now the #1 company in the globe by Market Capitalization.
・Conviction : ⭐️⭐️⭐️⭐️⭐️
• $INJ
$INJ is an interoperable layer 1 blockchain tailored for Decentralized finance DeFi.
$INJ is Proof-Of-Stake (Pos) blockchain able to reach a high throughput of 25,000 TPS & instant transaction finality, all while maintaining the transaction fees sub 0.0002.
$INJ is the first blockchain to offer auto-executing smart contracts which allows anyone to build dApps at the snap of a finger, made possible only with its CosmWasm smart contract layer.
• Value proposition :
Robust ecosystem of over 190 projects.
Backed by Binance, Pantera, Jump_, Mark Cuban
25,000 TPS.
Blazing fast .
Low block time 0.8S.
Almost feeless transactions.
Robust ecosystem of over 190 projects.
• Catalysts :
- $INJ & $FET strategic partnership.
- Soaring adoption.
- Dev activity lvl breaking ATHs.
- High quality dApps HelixApp_ MitoFinance hydro_fi
- Multiple integrations such as Tria lately
- Ecosystem Growing.
・Conviction : ⭐️⭐️⭐️⭐️⭐️
Smash that follow & turn on the 🔔
Not to miss out on the highest quality content 🪄🔮
#Tao #Bittensor #bitcoin #MtGoxJulyRepayments
#Write2earn
Bittensor's TAO Token Faces Major Correction Amidst AI Competition
#Bittensor #AiCrypto #AI #TAO
$TAO
Between October 2023 and March 2024, Bittensor's TAO token performed exceptionally well, fueled by strong AI-related fundamentals, outpacing Bitcoin.
Major Correction Phase
Since Q2 2024, TAO has experienced a significant correction, dropping about 70% from its all-time high on April 11, 2024. Currently ranked 54th among cryptocurrencies with a market cap of $1.9 billion, TAO's investor appeal has waned.
Technical Analysis
TAO is now in a medium/long-term accumulation zone, with potential consolidation between the 0.618 ($300) and 0.786 ($200) Fibonacci retracement levels. Key technical levels include:
Confluence zone between 0.618 Fibonacci and the 7-week moving average (red).Confluence zone between 0.786 Fibonacci and the January 2024 lows (green).
To regain positive momentum, TAO must break above $400. A close below January 2024 lows would signal a bearish trend.
Competitive Pressure
TAO faces strong competition within the AI crypto sector. Established AI projects Singularity, Fetch.ai, and Ocean Protocol announced a merger in March 2024, creating a new token, ASI, which has impacted Bittensor's price.
Conclusion
Bittensor's TAO token is facing challenges and fierce competition, with its relative strength in the ecosystem diminished. Despite this, TAO remains in an upward long-term trend and within a rational accumulation zone. Investors should wait for stronger signals before committing capital.
Bittensor's TAO Token Faces Major Correction Amidst AI Competition
#Bittensor #AiCrypto #AI #TAO
$TAO
Between October 2023 and March 2024, Bittensor's TAO token performed exceptionally well, fueled by strong AI-related fundamentals, outpacing Bitcoin.
Major Correction Phase
Since Q2 2024, TAO has experienced a significant correction, dropping about 70% from its all-time high on April 11, 2024. Currently ranked 54th among cryptocurrencies with a market cap of $1.9 billion, TAO's investor appeal has waned.
Technical Analysis
TAO is now in a medium/long-term accumulation zone, with potential consolidation between the 0.618 ($300) and 0.786 ($200) Fibonacci retracement levels. Key technical levels include:
Confluence zone between 0.618 Fibonacci and the 7-week moving average (red).Confluence zone between 0.786 Fibonacci and the January 2024 lows (green).
To regain positive momentum, TAO must break above $400. A close below January 2024 lows would signal a bearish trend.
Competitive Pressure
TAO faces strong competition within the AI crypto sector. Established AI projects Singularity, Fetch.ai, and Ocean Protocol announced a merger in March 2024, creating a new token, ASI, which has impacted Bittensor's price.
Conclusion
Bittensor's TAO token is facing challenges and fierce competition, with its relative strength in the ecosystem diminished. Despite this, TAO remains in an upward long-term trend and within a rational accumulation zone. Investors should wait for stronger signals before committing capital.
🚀📈 New Coin Alert: TAO Makes Waves on Binance, Surges 40% 📈🚀
In the fast-paced world of cryptocurrencies, every new listing on a major exchange like Binance sends shockwaves through the market. 🌊 This time, it's TAO—Bittensor's brainchild—making headlines as it skyrockets by an impressive 40%. But what exactly is TAO, and could it be the next big thing? 🤔
What is Bittensor (TAO)?
Bittensor isn't your average crypto project. 🤖 It's a groundbreaking Crypto+AI concept that's revolutionizing the way we think about machine learning. 🌐 By fostering collaborative machine intelligence, Bittensor incentivizes users to contribute valuable data and computing resources in exchange for TAO tokens. 💰🔬
The Potential for a 100-Fold Surge
With its innovative approach to incentivizing machine intelligence, TAO has captured the attention of investors worldwide. 🌍💡 As it surges on Binance, investors are left wondering: could TAO be the next 100-fold coin? 🚀🔮 While no one can predict the future with certainty, TAO's unique value proposition and strong performance certainly make it one to watch. 🕵️♂️💼
As the crypto market continues to evolve, projects like TAO highlight the intersection of technology and finance, paving the way for a more collaborative and intelligent future. 🌟💻 Keep an eye on TAO—it just might be the next big thing in the world of cryptocurrencies. 💥💰 #TAO #Bittensor #CryptoAI #NextBigThing 🚀🤖
Follow | Like ❤️ | Quote 🔄 | Comment🙏
In the fast-paced world of cryptocurrencies, every new listing on a major exchange like Binance sends shockwaves through the market. 🌊 This time, it's TAO—Bittensor's brainchild—making headlines as it skyrockets by an impressive 40%. But what exactly is TAO, and could it be the next big thing? 🤔
What is Bittensor (TAO)?
Bittensor isn't your average crypto project. 🤖 It's a groundbreaking Crypto+AI concept that's revolutionizing the way we think about machine learning. 🌐 By fostering collaborative machine intelligence, Bittensor incentivizes users to contribute valuable data and computing resources in exchange for TAO tokens. 💰🔬
The Potential for a 100-Fold Surge
With its innovative approach to incentivizing machine intelligence, TAO has captured the attention of investors worldwide. 🌍💡 As it surges on Binance, investors are left wondering: could TAO be the next 100-fold coin? 🚀🔮 While no one can predict the future with certainty, TAO's unique value proposition and strong performance certainly make it one to watch. 🕵️♂️💼
As the crypto market continues to evolve, projects like TAO highlight the intersection of technology and finance, paving the way for a more collaborative and intelligent future. 🌟💻 Keep an eye on TAO—it just might be the next big thing in the world of cryptocurrencies. 💥💰 #TAO #Bittensor #CryptoAI #NextBigThing 🚀🤖
Follow | Like ❤️ | Quote 🔄 | Comment🙏
$TAO decided to pump again !
#TAO is now closing in on the $700..
This run for #Bittensor has been insane
What is your Bullmarket price prediction for $TAO ?
#TAO is now closing in on the $700..
This run for #Bittensor has been insane
What is your Bullmarket price prediction for $TAO ?
$TAO Bouncing 📈
#TAO made nice bounce from my first accumulation zone.
We could see some more downside, but then I'm just going to scoop up some more cheap $TAO
Are you still Bullish on #Bittensor ?
#TAO made nice bounce from my first accumulation zone.
We could see some more downside, but then I'm just going to scoop up some more cheap $TAO
Are you still Bullish on #Bittensor ?
TAO: AI Category Crypto Price Prediction Following Binance Listing
Project Name: TAO (Bittensor)
Project Category: AI
Market Cap: $4.2 billion
Explanation:
The project, categorized under AI, boasts a market cap of $4.2 billion. It's crucial to note that historical data reveals a pattern where new listings on Binance initially trigger a short-term rally followed by a subsequent drop, exemplified by TAO. Suspicions of insider trading have emerged, supported by evidence of $10 million in positions being opened 24-36 hours before the official announcement. TAO's price has consolidated predominantly within the range of $740 to $750 since mid-February, encountering additional resistance at $700 and $660. The primary support level rests between $500 and $550. Breaking out of this consolidation range will be arduous due to Bitcoin's robust performance and the prevailing dominance of altcoins. Observing TAO's launch on Binance is advised to discern any potential bullish breakout above $660 and $700. A breakthrough beyond $750 might transpire if Bitcoin's bullish momentum intensifies, although such an outcome appears improbable under current market conditions. Consequently, the most plausible scenario suggests TAO will persist within its consolidation range unless it manages to surpass $750.
🚥
#AI #Bittensor #TAO #BinanceListing #PricePrediction $TAO $BTC $AI
Project Category: AI
Market Cap: $4.2 billion
Explanation:
The project, categorized under AI, boasts a market cap of $4.2 billion. It's crucial to note that historical data reveals a pattern where new listings on Binance initially trigger a short-term rally followed by a subsequent drop, exemplified by TAO. Suspicions of insider trading have emerged, supported by evidence of $10 million in positions being opened 24-36 hours before the official announcement. TAO's price has consolidated predominantly within the range of $740 to $750 since mid-February, encountering additional resistance at $700 and $660. The primary support level rests between $500 and $550. Breaking out of this consolidation range will be arduous due to Bitcoin's robust performance and the prevailing dominance of altcoins. Observing TAO's launch on Binance is advised to discern any potential bullish breakout above $660 and $700. A breakthrough beyond $750 might transpire if Bitcoin's bullish momentum intensifies, although such an outcome appears improbable under current market conditions. Consequently, the most plausible scenario suggests TAO will persist within its consolidation range unless it manages to surpass $750.
🚥
#AI #Bittensor #TAO #BinanceListing #PricePrediction $TAO $BTC $AI
Added some more $TAO
Like I said in my earlier post about #TAO I will accumulate at the yellow lines. This is where the support is.
I just bought some $TAO and if we go down more, I'll just scoop up some more cheap, discounted tokens..
Are you HODLing #Bittensor ?
Like I said in my earlier post about #TAO I will accumulate at the yellow lines. This is where the support is.
I just bought some $TAO and if we go down more, I'll just scoop up some more cheap, discounted tokens..
Are you HODLing #Bittensor ?
