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BSCN·2026-04-10 06:32
🚨LATEST: BITTENSOR DROPS 16% AS COVENANT AI EXITS THE NETWORK OVER CENTRALIZATION CONCERNSCovenant AI (@covenant_ai) has exited Bittensor citing concerns over centralized control.The team said governance is not truly decentralized in practice. It alleged key decisions remain concentrated among a few actors.The move raises fresh doubts over decentralized AI networks. Covenant confirmed it will continue development outside Bittensor.The exit marks a major rift within the ecosystem.$TAO dropped sharply after C ...