The Fetch.ai-backed ASI Alliance is tackling fake news with a new decentralized AI product
By Godfrey Benjamin
Edited by Julia Sakovich
Updated
3 mins read
The Artificial SuperIntelligence (ASI) Alliance aims to tackle fake news, which spreads quickly and shapes people’s opinions and decisions.
Fake news impacts important areas like politics, public health, and the crypto industry, causing confusion and mistrust. With the rise of digital platforms, fake news is everywhere, making it harder to know what is true or false. However, the ASI Alliance has introduced an algorithm to tackle fake news head-on.
The Artificial Superintelligence Alliance, formed by Fetch.ai, SingularityNET and Ocean Protocol, has launched a new AI tool to fight fake news. This system checks information in real-time and uses blockchain to confirm what is true, making news more reliable.
With blockchain, the system makes news more open by spotting false information and highlighting real facts. Unlike older methods, this AI algorithm removes bias and outside control, helping people check the truth more easily.
This new tool is very important for the crypto industry because fake news has caused big problems. False information spreads quickly online, leading to confusion and making investors easy targets for scams and hacks.
In January 2024, just before Bitcoin ETF products launched, Eric Council posted fake news about the approval. The update triggered a short pump and reset in the market. Notably, Council pleaded guilty to the offense as reported earlier by Coinspeaker.
Related XRP ETF update linked to BlackRock Inc. also made the rounds in the past, signaling the prevalence of misinformation in the industry.
The crypto industry has continued to face phishing and malware attacks, which are spread through fake news and trick ads.
In January 2025, phishing scam losses dropped by 56% from the previous month, reaching $10.25 million. However, Coinspeaker reported that malware attacks increased greatly, with Telegram “Fake Safeguard” scams surging by 2,000%. Fake Phantom wallet pop-ups also targeted Solana users.
These incidents show why a strong security system and public awareness are needed to fight fake news in the crypto industry. Using decentralized AI, the ASI Alliance is trying to stop fake news and let facts lead the way. The goal is to help people trust online information again.
Several platforms have recently launched initiatives similar to the ASI Alliance’s efforts to combat fake news using advanced technologies.
Last year, Mistral, a French AI startup, partnered with Agence France-Presse (AFP) in this regard. The France-based news agency publishes 2,000 news articles daily into Mistral’s chatbot, Le Chat. This move is aimed at providing fact-based responses.
Notably, the company employs human fact-checkers to review the results to ensure they are correct. Debunk.org, launched in 2020, scans thousands of online articles for disinformation, with AI flagging potential misinformation and volunteers reviewing them.
In Europe, the Vera.ai project funds academic research on developing AI tools to verify news accuracy. These efforts show a global push to use AI against misinformation.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
