Tag: web3

$760 Million in Bitcoin Lost Forever in UK Landfill

A UK court has rejected a decade-long quest by a British man to recover a hard drive containing Bitcoin worth over $750 million, in which he asked to excavate a Newport landfill.

James Howells, an IT worker who became a Bitcoin millionaire on paper, accidentally threw it away during one of his office clean-ups in 2013. It was worth a couple of thousand dollars at the time. Fast-forward to today, and that same drive boasts an eye-watering $760 million in value of digital gold, now buried beneath tons of waste.

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Howells suggested a hazardous, $12.3 million excavation plan; he promised that 10% of the funds recovered would be given to the local council and community. However, due to considerable ecological hazards-the possible digging up of the landfill, ecological damage, and breach of laws on the environment-the Newport Council refused to permit the excavation.

Undeterred and frustrated, Howells took the matter to court, requesting either access to the landfill or $608 million in damages. The council said it was right because the hard drive, upon being thrown away, became its property. The court, emphasizing environmental concerns and the rules of ownership for a landfill, sided with them.

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But even then, that did not deter Howells, and he is considering creative options of tokenizing the lost Bitcoin into some new cryptocurrency. The treasure hunt isn’t over just yet for him.

Pi Network Restores Password Recovery Option for Users

Pi Network’s new SMS recovery feature helps users reset passwords, secure accounts, and protect Pi coins before the Grace Period ends.

Hey Pioneers! Pi Network just dropped a game-changer by bringing back the “Forgot Password” feature. Now you can easily recover your account via SMS and protect your precious Pi coins.

Here’s how it works:

  1. Open the Pi Network app on your phone.
  2. Tap “Forgot Password” on the login screen.
  3. Enter the phone number linked to your Pi account.
  4. Check your phone for an SMS verification code and enter it.
  5. Set a new password, and voilà—you’re back in!

This update couldn’t have come at a better time. With the Grace Period deadline looming, it’s crunch time to secure your account. Forgetting your password doesn’t mean you lose your Pi anymore. Pi Network is making sure you don’t miss out by letting you easily recover access and safeguard your coins.

Why’s this so big? In crypto, losing access to your account is a nightmare. But Pi Network’s move shows they’ve got your back, making security and user-friendliness a priority.

Don’t sleep on this! Recover your account now and secure your Pi before the Grace Period ends. Pi Network’s keeping it real as it preps for the Open Mainnet phase—don’t get left behind!

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ChillGuy Coin Tumbles 25% Amid IP Violation Scandal

ChillGuy Coin tanked 25% after it was exposed that they had absolutely zero rights to the OG meme. Creator Philip Banks called out hackers who faked his approval, sparking chaos. Trading spiked, Wintermute profited big, and the drama highlights how risky meme coins can be when hype and shady moves rule the market.

ChillGuy Coin just took a major L, dropping 25% in 30 minutes after it came out that the team had zero rights to the OG Chill Guy meme. The price nosedived from $0.4793 to $0.2677, slashing its market cap to $299M, as panicked investors sold off hard. Trading volume spiked 172% during the chaos.

Philip Banks, the artist behind the Chill Guy meme, spilled the tea, saying he never gave IP rights to the coin’s creators. Turns out, hackers got into his socials and faked posts claiming he was onboard with the project. The fake tweets even pumped the token by 30% to $0.44 before the truth dropped. Banks’ Insta later confirmed the hack, and all fake posts are gone now.

Making it worse, on-chain data revealed Wintermute, a market maker, bought $1.2M in ChillGuy before the fake tweets, flipping them for fat profits. Shady much?

ChillGuy Coin launched on Solana last month and hit $561M market cap fast, fueled by meme vibes and Gen Z hype. But Banks is now pushing for copyright protection to stop people from exploiting his art.

The takeaway? Meme coins are wild and risky. Hype dies fast, and drama’s always around the corner.

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OpenAI Teams Up with Anduril to Strengthen Anti-Drone Technology

OpenAI teams up with Anduril to level up anti-drone tech with AI, stepping into defense. The goal? Boost U.S. air defense and stay ahead in the AI arms race with China. With $14B Anduril, reusable rockets, drones, and a $99.7M space contract, it’s all about securing the future. 🚀🤖

Big moves from OpenAI: they’re teaming up with Anduril Industries to bring their AI skills to Anduril’s anti-drone systems. This is OpenAI’s first major step into the defense world, and it’s all about making airspace safer while keeping AI development responsible.

What’s the Deal?

Anduril is already killing it with drones and reusable rockets, but now they’ll use OpenAI tech to step up their anti-drone game. Think smarter detection and faster responses to aerial threats, which are a huge part of modern warfare. Plus, it even gets to learn from Anduril’s data to make its tech even sharper.

Why It Matters

The U.S. and China are in a heated race for AI dominance in defense, and this partnership is all about keeping the U.S. ahead. Sam Altman, OpenAI’s CEO, says this is about protecting U.S. military personnel and promoting AI use that sticks to democratic values. It’s also a flex to show how AI can do more than just write essays—it can save lives.

The Bigger Picture

OpenAI is making waves in national security. They’ve teamed up with the U.S. Air Force for ChatGPT-powered admin tasks and added Pentagon and NSA vets to their squad. It’s clear they’re serious about being a key player in defense.

And they’re not alone. Companies like Anthropic, Palantir, Amazon, and Meta are all jumping into defense contracts too. The industry is warming up to the idea of AI in the military, even after past protests.

Anduril’s Glow-Up

With a $14B valuation, Anduril is already a major defense player. They’ve got reusable rockets, drones, subs, and a bunch of Pentagon contracts. Oh, and they’re branching into space with a $99.7M deal from U.S. Space Command.

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Solana (SOL) Surges Past $260 as Binance Coin (BNB) Holds Steady

The crypto market’s on the rise, and Solana (SOL) is absolutely crushing it on the game, crossing $260, and Binance Coin (BNB) is just chilling, waiting for its next move. Solana’s hype is real, with predictions to hit $1,000+ by 2025, while BNB might soon break out and hit $1,000.

The crypto market has been on a constant rise of a while now and it continues to grow even bigger everyday. Solana’s token SOL swung high up and soared past $260 recently. Meanwhile, Binance is also preparing itself for a massive jump very soon.

Solana Prediction Till 2025

Solana (SOL) is going off hard right now. It’s been outpacing a lot of top altcoins, with its price skyrocketing 60% this month, crossing $260. Over the past week, it’s up more than 25% and looks set to close above $270 for the week.

Solana may swiftly surpass $300 if it can merely break above $265, which would increase investor confidence. Top cryptocurrency Gs are rather optimistic on it, and indicators like the 20 VWMA and the 14-day RSI are also displaying additional higher momentum.

According to well-known pundits like blue_collarvest, Solana might reach $1,300 by 2025. CryptoYapper predicts that in the upcoming six to twelve months, it will rise between $1,000 and $1,200. Given the increasing interest in memecoins, Solana is among the greatest cryptocurrencies to wager on at the moment.

Binance Coin (BNB): Returning Soon!

Binance Coin (BNB), the top token from the Binance exchange, hasn’t been doing that great this week. Solana has recently passed it, and BNB holders are hoping for a better run ahead. The price went up 7% in the last month and 4% this week, sitting just above $630.

Even though it’s had a slow week compared to coins like SOL, ADA, and XRP, experts believe BNB’s preparing itself for a big jump. Key indicators show it’s trading above important levels, like the 10-EMA ($619) and 10-SMA ($621), suggesting the price might go up soon.

Analysts are still bullish on BNB, predicting solid gains. CryptoFaibik set a mid-term price target of $1,000, while Blockcastcc thinks that if it breaks above $662, it could surge all the way to $1,630, making it one of the top cryptos to watch.

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Coinbase Ventures: Revolutionizing Web3 with Crypto and AI Innovation

Summary

Coinbase ventures is diving deep into connecting AI and crypto together. This could revolutionize web3 as a whole, moving from just a decentralized apps to smarter, more personalized Web. Even big players like VanEck are joining the VC scene, putting money into startups that focus on crypto, fintech, and AI, aiming to back the next big thing in digital finance.

Coinbase Ventures recently published their analysis titled “Crypto x AI stack”. It is known as the combination of decentralized finance of the blockchain with the power of artificial intelligence. This project’s main concern lies on transforming the digital economy and create a world where autonomous AI agents will be able to interact freely with humans on Web3. In practice, it is a transformative technological convergence of Web3 that sees AI, crypto and blockchain collaborating.

In short, coinbase is basically digging into how combination of blockchain and AI can work completely like a human brain, learning data and making smart decisions in the process. The key idea is to merge AI’s analytical power with blockchain’s secure, decentralized setup, which at last creates an ultimate Web3 surfing experience. Blockchain and AI also work together flawlessly, while blockchain handles data, verifies transactions and shares info, AI steps in to speed up data processing, make sense out of it and even generate new contents. This massive crossover has both communities buzzing, even with some skepticism, as they try to figure out the ways they can work together. If this succeeds, it will surely boost mainstream use of both AI and blockchain in the long run.

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