The Business And Technology Network

The post Pump Science Hacked After Private Key Leak Exposes Wallet Access appeared first on Coinpedia Fintech News

Pump Science, a decentralized science platform focused on longevity research, faced a major hack after its private key was exposed on GitHub. This oversight allowed attackers to hijack the Pump.fun wallet and mint fake tokens under its name, tarnishing the platform’s reputation. The breach occurred when developers mistakenly uploaded the private key, assuming it was for a test wallet. The attackers exploited this error to create fraudulent tokens tied to Pump Science. In response, the team renamed its Pump.fun profile to “dont_trust” and partnered with Blockaid to monitor suspicious activity. Despite these efforts, the attacker still controls the wallet, highlighting the importance of stronger security practices.

The post Investors Pivot From Cardano (ADA) and Toncoin (TON) to Ethereum-Based LCAI Token Priced Under $0.05 in Major Presale Event appeared first on Coinpedia Fintech News

The cryptocurrency market is witnessing a significant shift as investors move away from established tokens like Cardano (ADA) and Toncoin (TON) to Lightchain Protocol AI’s LCAI token. Priced at just $0.03 during its live presale, LCAI has raised over $300,000 within its first 24 hours, signaling a growing appetite for innovative projects with real-world utility.

As blockchain technology evolves, Lightchain Protocol AI is emerging as a leader in decentralized AI, offering solutions that address scalability, privacy, and efficiency challenges. The LCAI presale provides an opportunity for investors to join a high-potential project at its inception.

Why Investors Are Ditching ADA and TON for LCAI

Cardano and Toncoin have been staples in the blockchain market, but their slower adoption rates and limited use cases have prompted investors to explore alternatives. In contrast, Lightchain Protocol AI’s focus on merging blockchain with artificial intelligence (AI) positions it as a frontrunner in the next wave of cryptocurrency innovation.

What Makes LCAI the Better Investment?

1. Proof of Intelligence (PoI): This energy-efficient consensus mechanism rewards nodes for AI computations, ensuring scalability and sustainability.
2. Artificial Intelligence Virtual Machine (AIVM): A computational layer optimized for real-time AI tasks, providing unparalleled privacy and efficiency.
3. Community Governance: Token holders influence platform decisions, fostering transparency and decentralization.
4. Developer Incentives: Ecosystem contributors earn LCAI tokens, promoting sustained innovation and engagement.

These features make LCAI a utility-driven token with the potential for exponential growth.

A Game-Changing Presale Opportunity

The LCAI presale is capturing investor interest not just for its competitive pricing but also for its innovative approach to solving real-world challenges. Contributions are accepted in ETH and ERC-20 USDT, ensuring accessibility for participants from all over the world.

Priced at just $0.03, the presale offers early investors the chance to secure their stake in a project poised for long-term success.

Could LCAI Deliver Bigger Returns Than ADA and TON?

While Cardano and Toncoin have established ecosystems, their growth potential has plateaued due to limited scalability and competitive pressures. LCAI’s innovative design and focus on decentralized intelligence give it a competitive edge in a rapidly evolving market.

By combining early-stage excitement with robust utility, Lightchain Protocol AI is positioning itself as a top contender for significant returns, potentially outperforming ADA and TON in the years ahead.

Join the LCAI Movement Today

The shift from established tokens to innovative projects like Lightchain Protocol AI highlights the evolving priorities of cryptocurrency investors. Don’t miss your chance to invest in a platform that’s shaping the future of decentralized intelligence.

Visit https://lightchain.ai to participate in the LCAI presale and secure your stake in one of the most promising tokens of 2024.

Website: https://lightchain.ai
Whitepaper: https://lightchain.ai/lightchain-whitepaper.pdf
Twitter/X: https://x.com/lightchainai
Telegram: https://t.me/LightchainProtocol

Artificial intelligence (AI) is evolving and reshaping the way industries work, and it is doing so in almost every sector without exception. Dataconomy sat down with the leaders from NVIDIA, Siemens, Capgemini, and Scaleway at VivaTech 2024 to hear their views on how AI is reforming industries and driving innovation. In these exclusive interviews, we have discussed AI’s opportunities, ethical considerations, and long-term challenges of implementing such powerful technologies. The common theme? AI is not just changing processes; it’s changing mindsets, strategies, and entire markets, opening up incredible opportunities and bringing huge responsibilities. 

AI at scale in the new era of computing

NVIDIA has been one of the leading pioneers of the AI revolution for over 15 years, with its technology driving AI advancements. We talked to Nat Ives, Enterprise Director at NVIDIA France, who emphasized two major innovations on their front: AI-enabled robotics and the NVIDIA Inference Microservice (NIMS).

“AI-enabled robotics will be the physical interface of AI in the real world,” said Ives, explaining how these advancements will allow robots to operate autonomously in real-world settings. This opens up a world of possibilities for industries such as healthcare and manufacturing, where robots will manage tasks that previously required human intervention. 

“AI-enabled robotics will be
the physical interface of AI in the real world”

What does this mean for human workers? The days of robots simply performing pre-programmed tasks are coming to an end. These AI-powered robots will be able to learn, adapt, and collaborate with human teams in real-time, creating a seamless relationship between humans and machines. This shift will change how industries view workforce productivity, with robots handling repetitive tasks, allowing humans to focus on problem-solving and decision-making.

NVIDIA Inference Microservice (NIM), another innovation emphasized by Ives, is a tool that offers pre-configured microservices that simplify AI integration into existing IT infrastructures. This allows companies, from startups to large corporations, to deploy AI at scale without rebuilding their entire systems. Pointing out that NIMS aims to democratize AI, Ives said, “We want to make sure AI is not just for the big players. Smaller companies, startups—they should have access too.” 

However, the transition to this next phase of AI is not without its challenges. Ives highlighted the need for significant upgrades to data centers, saying, “There’s a huge piece of work to evolve all the data centers to embrace this innovation, but we have the answers. It’s a matter of implementing them.”

AI’s strategic evolution in industry

At Siemens, AI is not a groundbreaking addition but a natural evolution of their long-standing mission to optimize industrial operations. Jean-Marie Saint-Paul, General Director of Siemens Digital Industries France, explained that AI enhances their industrial automation processes, aligning with their broader goal of efficiency and knowledge retention. “AI is pervading across society in the same way it is within industries,” Jean-Marie told me.

Siemens has integrated AI into its Xcelerator portfolio, focusing on improving productivity and decision-making, particularly in industries grappling with an aging workforce and a shortage of skilled labor. AI plays a pivotal role in predictive maintenance, smart automation, and workflows, identifying potential failures before they occur, optimizing performance, and reducing downtime.

“AI needs to be deployed
with a mindset focused on real world production”

However, Jean-Mariel stressed the importance of reliability when deploying AI in critical environments like production lines. The company takes a cautious approach, rigorously testing AI systems before integrating them. “AI should not just be a fancy tool. It needs to be deployed with a mindset focused on real-world production,” he said.

Siemens’ strategy involves introducing AI as an advisor before fully entrusting it with control. This ensures that AI is thoroughly tested and proven reliable before taking on more responsibilities. This phased approach to AI implementation is designed to prevent errors in highly sensitive environments, ensuring that AI contributes to efficiency while maintaining safety and ethical standards.

The AI renaissance

Andy Vickers, CTO of Generative AI at Capgemini Engineering, referred to this period as an “AI Renaissance,” signaling a new chapter in technological evolution. Vickers believes that AI will not transform industries by itself but by integrating with other cutting-edge technologies. As he explained during our interview, “This isn’t just about AI working on its own; it’s about AI working in tandem with other powerful tools to create something far greater.” He further emphasized that AI, combined with technologies like edge computing and the Internet of Things (IoT), sparks a new industrial revolution.

Capgemini focuses on building applications that offer hyper-personalized experiences. According to Vickers, “Our strategy is about creating AI solutions that empower businesses to deliver individualized services while maintaining transparency and trust.” 

“AI systems should be humble, acknowledging their limitations
while enhancing human creativity and decision-making”

But Capgemini focuses on more than technology—ethics also play a central role in its approach. Vickers was clear that ethical AI is about more than compliance. “AI must acknowledge its limitations. Having an ethical policy isn’t just about compliance; it’s about building a healthy relationship between humans and machines,” he said.

To ensure AI’s responsible development, Capgemini has implemented a rigorous ethics policy addressing bias, data compliance, and transparency. “AI systems should be humble, acknowledging their limitations while enhancing human creativity and decision-making,” Vickers explained. For Capgemini, responsible AI isn’t just a corporate responsibility; it’s about securing long-term trust and ensuring that AI serves as a tool to complement human capabilities rather than replace them.

Empowering Europe with ethical AI commitment

During our conversation, Adrienne Jan, Chief Product Officer at Scaleway, presented a unique European perspective on AI. Scaleway has positioned itself as a vital cloud provider for startups, focused on training AI models in Europe without relying on U.S. or Chinese infrastructure. “We want to be the cloud of choice for European startups, supporting innovation while complying with European data laws,” Jan explained.

Jan explained that data sovereignty has become crucial for European startups. With increased global concern over data privacy and security, European companies are looking for ways to innovate without sacrificing control over their data. “We’re offering European startups a cloud solution that respects European data laws,” Jan explained. This ensures that companies can innovate and remain compliant with strict privacy regulations.

“Mission Possible: Supporting innovation
while complying with European data laws”

Scaleway’s infrastructure, which includes sustainable adiabatic data centers, operates with sustainability at its core. The company is proud of these data centers, which use 90 percent less water and dramatically cut electricity usage. “We’re building the cloud industry’s first environmental calculator,” Jan revealed, highlighting the company’s mission to help clients track and reduce their environmental impact.

This ethical approach to AI development is grounded in European data sovereignty and privacy values. The goal of Scaleway is to enable European startups and companies to lead in AI innovation within a fair balance of technical progress and ethical responsibility.

Building a responsible AI future

At VivaTech 2024, leaders from NVIDIA, Scaleway, Siemens, and Capgemini shared their perspectives on AI’s growing role in industries worldwide. While these companies are pioneering some of the most advanced AI technologies, they also emphasize ethical considerations, understanding that innovation without responsibility could lead to unintended consequences.

From AI-powered robots to sustainable cloud infrastructure, AI’s future lies in pushing technological limits and creating systems that enhance human creativity and foster trust. It’s about building ‘humble’ AI—tools that work alongside humans, acknowledge their limitations, and ensure transparency and fairness. This human-centered approach to AI isn’t just about compliance; it’s about forging a relationship between people and machines that benefits everyone.

When applied thoughtfully in industries like manufacturing, AI needs to be a reliable advisor before it can take on more responsibilities. This careful approach is mirrored across the board, with companies championing ethical AI development that aligns with sustainability and data sovereignty principles.

As AI continues to become part of society’s fabric, these industry leaders are setting the tone for a future where AI empowers rather than replaces the human workforce. These insights remind me that the AI revolution is still young, and the choices we make now will shape its impact on industries, economies, and everyday life. By aligning innovation with ethical standards, we can build an AI-driven future prioritizing human creativity, trust, and collaboration.

The post Bleap Raises $2.3M to Revolutionize Blockchain Banking appeared first on Coinpedia Fintech News

Bleap, founded by former Revolut executives Joao Alves and Guilherme Gomes, raised $2.3 million in pre-seed funding led by Ethereal Ventures. Positioned as a “bank account on the blockchain,” Bleap enables seamless stablecoin payments through a Mastercard-linked app, offering 2% cashback and no fees. Built on Arbitrum, it supports USDC, USDT, USDA, and EURA stablecoins. Currently in beta in Europe, Bleap plans a full launch in Q1 2025 and a token release in 2026. The platform integrates DeFi protocols, offering competitive savings rates and global fund transfers, paving the way for stablecoin-based financial innovation.

The post XT.com Hit by $1.7M Hack, Funds Converted to 461 ETH appeared first on Coinpedia Fintech News

Crypto exchange XT.com, ranked 23rd by trading volume on CoinGecko, has reportedly suffered a $1.7 million hack. On November 28, PeckShield identified suspicious activity, with stolen funds converted to 461.58 ETH and transferred to a wallet. XT.com announced a withdrawal suspension citing “wallet updates,” but shared updates only on its website, leaving social media silent. Interestingly, the XT token surged 6% despite the hack, likely due to its limited trading on other platforms. This incident follows other exchange hacks, highlighting ongoing vulnerabilities despite improved crypto security measures in 2024.

The post Metaplanet Plans $62M Raise to Boost Bitcoin Holdings appeared first on Coinpedia Fintech News

Japanese investment firm Metaplanet, often called “Asia’s MicroStrategy,” announced plans to raise $62 million through its 12th series of stock acquisition rights (SARs). Partnering with EVO FUND, Metaplanet will issue 29,000 SAR units, each priced at 614 yen, with regulatory approval pending. Proceeds will fuel its aggressive Bitcoin accumulation strategy, leveraging both debt and stock issuance to counter a weakening yen. With 1,142 Bitcoin already valued at $109.16 million, Metaplanet also secured licensing rights to launch Bitcoin Magazine in Japan, underscoring its commitment to expanding the nation’s Bitcoin ecosystem.

The Federal Trade Commission (FTC) has initiated a comprehensive antitrust investigation into Microsoft, scrutinizing its practices across several business sectors, including cloud computing, artificial intelligence, and cybersecurity products. Reports indicate that the investigation aims to assess whether Microsoft has violated antitrust laws through its operations.

FTC launches antitrust investigation into Microsoft’s business practices

FTC’s inquiry reflects the Biden administration’s ongoing regulatory crackdown on large tech companies, which could shift under the incoming Trump administration. The investigation comes as part of a broader strategy to address competitive practices among prominent tech firms, including Amazon, Google, and Meta, each facing similar scrutiny in recent years.

The FTC’s investigation focuses on how Microsoft bundles its cloud offerings with its office and security tools, potentially impacting competition. The agency has demanded extensive documentation from Microsoft, reportedly involving hundreds of pages of information related to its AI products, software licensing practices, and specific business operations surrounding its cloud services.

FTC’s Click-to-Cancel rule is ending the subscription trap

Bloomberg reports that FTC lawyers plan to meet with Microsoft competitors to gain further insight into the company’s market practices. Of particular interest is Microsoft’s Entra ID, a security tool that manages authentication for cloud-based logins, raising questions about the impact of its utilization on competitive neutrality.

Previously, The New York Times highlighted a significant agreement between the Justice Department and the FTC that paved the way for investigations into Microsoft, artificial intelligence developer OpenAI, and chip designer Nvidia, all of which have evaded substantial antitrust scrutiny during the Biden presidency. The FTC’s current focus on Microsoft follows allegations that the tech giant imposed restrictive licensing terms that discourage users from migrating data to rival cloud platforms.

Featured image credit: Salah Darwish/Unsplash

The post PYTH Price Surges 90%, Eyes $0.80 With Channel Breakout! appeared first on Coinpedia Fintech News

With fresh bullish momentum, the PYTH network is back among top performers. Following the overnight surge of 10%, the PYTH price is ready for channel breakout. 

Will this breakout rally result in a 70% surge? Let’s find out in this Coinpedia’s PYTH Price Analysis. 

Wedge Breakout Rally For PYTH

In the daily chart, the PYTH price action showcases a rising channel pattern. As the bullish reversal rally in PYTH price action gains momentum, the higher high and high low formation has resulted in two parallel trendlines. 

Tradingview

Currently, the recovery rally is challenging the overhead-based trend line in attempts of a bullish breakout rally. The recovery rally started from the $0.25 support level and has now reached $0.475. This accounts for a price jump of 90.29% over the last 90 days. 

Technical Indicators:

The increased bullish inflows have resulted in a golden crossover between the 50-day and 200-day EMA lines. Furthermore, the 100- and 200-day EMA lines are inching closer for a bullish crossover. 

Amid last night’s surge of 10.71%, creating a bullish engulfing candle, the MACD and signal lines have given a positive crossover. Hence, the technical indicators maintain a bullish viewpoint for the PYTH network. 

Will the PYTH Price reach $1?

As the PYTH price has surpassed the 638.20% Fibonacci level, the bullish engulfing candle is now challenging the overhead boundary line. Despite the intraday doji candle, the broad market recovery teases an uptrend continuation to surpass the supply zone. 

Beyond this, the immediate resistance stands too close to the $0.52 or 50% Fibonacci levels. This remains a high supply area, extending from $0.51 to $0.54. 

Beyond this, the Fibonacci levels paint a smooth ride to the $0.80. Hence, the PYTH price action analysis reveals an upside potential of 70%. On the flip side, the crucial support remains at $0.43 and $0.35.

Will PYTH Price Cross $0.50?

Based on the Fibonacci level, the recovery rally is heading towards the 23.60% Fibonacci level at $0.4489. Furthermore, this level acts as the neckline area of the rounding bottom reversal.

Optimistically, the Fibonacci retracement paints a target at 38.20% and 50% levels at $0.5745 and $0.6759, respectively. However, a drop below the 50-day EMA at $0.3181 will nullify the chances of a rounding bottom reversal and potentially retest the $0.2460.  

Will the PYTH price cross the $1 mark in the next bull run? Find answers to such questions now in our PYTH price prediction. 

FAQs

1. What is the current price of PYTH, and how much has it gained?

PYTH is trading at $0.475, marking a 90.29% surge over the past 90 days.

2. Can PYTH surpass the $0.52 resistance level?

With bullish momentum and a rising channel breakout in progress, PYTH is likely to breach $0.52 and head toward $0.80.

3. What are the key support levels for PYTH if the rally fails?

The crucial support levels for PYTH are at $0.43 and $0.35, aligned with previous consolidation zones.