Log in/ Sign up

About MAGA

MAGA (Solana) (MAGA) is a cryptocurrency launched in 2024. MAGA has a current supply of 10.00Bn with 0 in circulation. The last known price of MAGA is 0 USD and is 0 over the last 24 hours. It is currently trading on active market(s) with $0 traded over the last 24 hours. More information can be found at .
MAGA Price Statistics
MAGA’s Price Today
24h Price Change
-$00.00%
24h Volume
$00.00%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#3998
MAGA Market Cap
Market Cap
$0
Fully Diluted Market Cap
$617,104.87
MAGA Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
MAGA Supply
Circulating Supply
0
Total Supply
10.00Bn
Max Supply
0
Updated Sep 08, 2024 9:30 am
image
MAGA
MAGA (Solana)
$0
$0(-0.00%)
Mkt Cap $0
There's nothing here for now
Crypto VC: AI crypto projects are unlikely to disrupt major centralized players this cycle
Crypto VC: AI crypto projects are unlikely to disrupt major centralized players this cycle
While the potential for projects at the intersection of crypto and AI has driven massive investment from retail and VC investors, two prominent venture capitalists expressed skepticism about the likelihood of crypto projects disrupting major AI players this cycle and implored builders to “follow the incentives.” “Crypto has a problem of making things that already exist well off-chain bad and then putting them on-chain and selling them to people who are already on-chain, and we see this in all narratives across all asset classes… A lot of what’s happening at the AI/crypto intersection is essentially that,” said Rob Hadick, general partner at Dragonfly, in a statement. The most likely value AI will bring to crypto is simply helping developers code more efficiently, as software development remains a core element of the crypto space, panelists noted at The Block’s inaugural Emergence conference in Prague on Friday. “AI is a massive software technology revolution,” said David Pakman, managing director of CoinFund. “We are building a lot of software on Web3, and we should benefit from the use of AI in a variety of different decentralized applications, both in terms of infrastructure, security, and how user applications behave.” However, when it comes to challenging the few large centralized players in the AI ​​space, including OpenAI, Anthropic, Microsoft, and Facebook, the two venture capitalists largely agree that decentralized AI systems are unlikely to surpass these centralized players this cycle. Hadick further said, “We (Dragonfly) want to see a little bit of product-market fit…We’ve always been skeptical of the idea that there’s going to be a market around things like decentralized training…Doing anything around on-chain models or on-chain ML, we’ve made a few investments…One of them is specifically in edge computing, think about local models, they’re specifically for latency-insensitive workloads.” Pakman agreed that decentralized projects are unlikely to disrupt centralized players in this cycle, but he praised builders who are trying to develop alternative systems, “If we want a highly centralized AI future, we should continue on the path we’re on now, but if we want an alternative future where the compute resources for training really large AI models are more decentralized and maybe democratically allocated access, then we should talk about what Web3 is doing well in decentralized technology stacks or hardware access.” In addition, Hadick pointed to proxy-based projects as an area he is particularly skeptical of, likening the proxy hype to crypto blockchain gaming in 2021. He said: "We have an investment in AI agents... This could be a winner-take-all market. I expect tens of millions or even hundreds of millions of dollars in crypto venture capital to enter the space, but I think almost everyone will lose a lot of money." Pakman disagreed slightly, elaborating on how an agent-based future could lead to synergies between AI and crypto.
Dec 08, 2024 8:41 am
Former Silvergate CTO says bank was 'stabbed in the back' by regulators in 2023
Former Silvergate CTO says bank was 'stabbed in the back' by regulators in 2023
Chris Lane, former CTO of Silvergate Bank, published a “personal view” on the bank’s closure on X, accusing regulators of “baiting and switching” on a bank that was once favored by many in the crypto industry. Silvergate Bank voluntarily closed and liquidated in March 2023 as part of a regional banking crisis sweeping the United States, which led to the collapse of three mid-sized banks (Silvergate, Silicon Valley Bank, and Signature Bank) in just five days. In a filing with the U.S. SEC at the time, the company stated: “Given recent industry and regulatory developments, Silvergate believes that an orderly closure of banking operations and voluntary liquidation of the bank is the best path forward.” However, since the bank’s closure, multiple executives have explicitly blamed regulators for a sudden shift that ultimately prevented Silvergate Bank from continuing its digital asset-centric business model. “Silvergate became the object of its services to cryptocurrency clients, a strategic vertical we had focused on since 2013,” Lane wrote. “Regulators stepped in sometime in the spring of 2023 and severely limited the amount of USD deposits we could hold for digital asset clients, directly impacting our entire business model.” Several influential figures in Washington blamed the turmoil in the cryptocurrency industry, especially after the collapse of FTX, for sparking the collapse of Silvergate, which had provided some banking services to the exchange, which filed for bankruptcy in November 2022. “As the go-to bank for cryptocurrency, the collapse of Silvergate Bank is disappointing, but predictable,” U.S. Senator Elizabeth Warren wrote on X when Silvergate collapsed. “I warned that Silvergate’s behavior was dangerous and even illegal, and found serious due diligence lapses. Now, customers must be compensated for their losses, and regulators should strengthen their oversight of cryptocurrency risks.” However, Lane defended Silvergate’s solvency after the collapse of FTX in his post, “Our business was not perfect, and we did provide banking services to FTX, as did many other banks. But Silvergate was solvent, and Liquid (I believe) was stabbed in the back by our regulators.” Some figures in the crypto space claim that the coordinated actions taken by regulators to restrict the digital asset industry’s access to U.S. banks can be considered “Operation Choke Point 2.0,” an evolution of a 2013 Department of Justice initiative to investigate banks that provided services to certain high-risk or suspicious financial businesses, such as payday loan companies. (The Block) Yesterday, David Sacks, the incoming AI and "crypto czar" of the Trump administration, said that "there are too many stories about people being harmed by Operation Choke Point 2.0" and said the so-called move "needs to be reviewed."
Dec 08, 2024 8:19 am

Frequently Asked Questions

  • What is the all-time high price of MAGA (Solana) (MAGA)?

    The all-time high of MAGA was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of MAGA (Solana) (MAGA) is 0. The current price of MAGA is down 0% from its all-time high.

    Read More
  • How much MAGA (Solana) (MAGA) is there in circulation?

    As of , there is currently 0 MAGA in circulation. MAGA has a maximum supply of 0.

    Read More
  • What is the market cap of MAGA (Solana) (MAGA)?

    The current market cap of MAGA is 0. It is calculated by multiplying the current supply of MAGA by its real-time market price of 0.

    Read More
  • What is the all-time low price of MAGA (Solana) (MAGA)?

    The all-time low of MAGA was 0 , from which the coin is now up 0%. The all-time low price of MAGA (Solana) (MAGA) is 0. The current price of MAGA is up 0% from its all-time low.

    Read More
  • Is MAGA (Solana) (MAGA) a good investment?

    MAGA (Solana) (MAGA) has a market capitalization of $0 and is ranked #3998 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze MAGA (Solana) (MAGA) price trends and patterns to find the best time to purchase MAGA.

    Read More