Coinbase CEO Brian Armstrong announced a groundbreaking achievement in merging artificial intelligence with cryptocurrency.
The company successfully enabled the first-ever transaction between two AI agents, where the bots used blockchain technology to exchange tokens for services, demonstrating the potential for AI to interact and trade without human intervention.
This transaction, executed using USDC on Coinbase’s Base platform, signals a significant step forward in AI’s ability to conduct business autonomously. Armstrong emphasized that equipping AI agents with crypto wallets opens up new opportunities for them to perform tasks that previously required human involvement.
This could revolutionize sectors like commerce and social media management by allowing AI systems to engage in economic activities directly.
Looking ahead, the ability of AI agents to carry out transactions independently could lead to a new economic landscape where AI-driven entities participate in trade and service exchanges. The broader crypto community has responded positively, recognizing the potential for AI to reshape the future of commerce.
Coinbase also continues to expand its offerings, including the recent introduction of perpetual futures for various cryptocurrencies, allowing for more sophisticated trading strategies.
On September 18, during an interview at Token2049, Alex Svanevik, CEO of blockchain analytics firm Nansen, shared his insights on the potential impact of the 2024 U.S. presidential election on the cryptocurrency landscape.
Donald Trump and his sons launched their DeFi project, World Liberty Financial (WLFI), during a lengthy X Spaces session on Monday, but the event fell short of expectations.
The Swiss Stock Exchange, SIX, is setting its sights on the digital asset market by establishing a foothold in Europe for cryptocurrency trading.
Cryptocurrency exchange Bitget and Foresight Ventures have announced a significant $30 million investment in The Open Network (TON) blockchain.