Ice Lounge Media

Ice Lounge Media

Kaito AI and founder Yu Hu's X social media accounts hacked

Kaito AI, an artificial intelligence-powered platform that aggregates crypto data to provide market analysis for users, and its founder Yu Hu, were the victims of an X social media hack on March 15.

In several now-deleted posts, hackers claimed that the Kaito wallets were compromised and advised users that their funds were not safe.

According to DeFi Warhol, the hackers opened up a short position on KAITO tokens before posting the messages in the hopes that users would sell or pull their funds, which would have crashed the price and created profits for the threat actors.

Cybercrime, Cybersecurity, Scams, Hacks

The price of the KAITO token dips, presumably due to a short position. Source: CoinMarketCap

The Kaito AI team regained access to the accounts and reassured users that Kaito token wallets were not compromised in the social media exploit.

“We had high-standard security measures in place to prevent [the hack] — so it seems to be similar or the same as other recent Twitter account hacks,” the Kaito AI team added.

This recent exploit is the latest in a growing list of social media hacks, social engineering scams, and cybersecurity incidents plaguing the crypto industry.

Cybercrime, Cybersecurity, Scams, Hacks

Source: Kaito AI

Related: Kaito AI token defies influencer selling pressure with 50% price rally

Vigilance is key: some of the latest scams and exploits to impact crypto

Pump.fun’s X account was hacked on Feb. 26 by a threat actor promoting several fake tokens, including a fraudulent governance token for the fair launch platform called “Pump.”

According to onchain sleuth ZackXBT, the Pump.fun incident was directly connected to the Jupiter DAO account hack and the DogWifCoin X account compromise.

On March 7, The Alberta Securities Commission, a Canadian financial regulator, warned the public that malicious actors were using fake news articles and fake endorsements featuring the likeness of Canadian politicians to promote a crypto scam.

The scam, known as CanCap, played on fears of a trade war between Canada and the US to lure unsuspecting victims into investing in the project, which the scammers claimed had the support of Canadian leader Justin Trudeau.

Cybercrime, Cybersecurity, Scams, Hacks

An example of a Lazarus social engineering scam where the hackers pretend to be venture capitalists experiencing audio-visual issues. Source: Nick Bax

Crypto executives are also sounding the alarm on a new scam from the state-sponsored Lazarus hacker group, where the hackers pose as venture capitalists in a Zoom meeting.

Once the target is in the meeting room, the hackers would claim they were experiencing audio-visual issues and redirect the victim to a malicious chat room where the user is encouraged to download a patch.

The patch contains malicious software designed to steal crypto private keys and other sensitive information from the victim’s computer.

Magazine: Lazarus Group’s favorite exploit revealed — Crypto hacks analysis

Read more

TON Society celebrates Pavel Durov leaving France as free speech win

The Open Network (TON) Society released a statement on March 15 celebrating the return of Pavel Durov’s passport as a win for freedom of speech, online privacy, and innovation.

According to the AFP news agency, Durov left France and headed to Dubai on the morning of March 15 after gaining permission from French officials to depart the European country.

“We have stood behind Pavel since his arrest on August 24, 2024,” the TON Society wrote. The group added:

“Pavel’s unwavering commitment to freedom of speech and transparency, despite facing the most challenging of circumstances, is a powerful reminder of the importance of standing by your principles, even when it is politically and personally detrimental to do so.”

The TON Society previously penned a letter condemning the French government for detaining Durov and urging the country to release the Telegram founder.

France, Telegram, Pavel Durov, TON

The TON Society celebrates the return of Durov’s passport by French law enforcement officials. Source: TON Society

“The arrest of the Telegram founder, Pavel Durov, is a direct assault on a basic human right — the freedom of expression of everyone,” the TON Society’s Aug. 27 letter read.

At the time, the organization also called on the United Nations, the Council of Europe (CoE), the Organization for Security and Cooperation in Europe (OSCE), and the European Union (EU) to intervene and push for Durov’s release.

Free speech advocates in the crypto industry sounded the alarm over Pavel Durov’s arrest, citing the troubling implications for privacy and decentralized technologies in the face of state pressure to censor the internet and the potential for regulatory capture.

Related: Toncoin surges as Pavel Durov leaves France after months

Emmanuel Macron denies political motivation for Durov’s arrest

Shortly after French law enforcement officials detained the Telegram founder, President Emmanuel Macron denied the arrest was politically motivated and claimed that France was committed to free speech.

France, Telegram, Pavel Durov, TON

French President Emmanuel Macron denies the arrest of Pavel Durov was politically motivated. Source: Emmanuel Macron

In a subsequent press conference, Macron also denied inviting Durov to France amid a torrent of backlash from the crypto community and free speech advocates.

Chris Pavlovski, the CEO of the free-speech video platform Rumble, announced that he safely departed Europe shortly following the detention of Pavel Durov.

In an Aug. 25 X post, the CEO said that the French government threatened Rumble and condemned state authorities for the crackdown on free speech.

Magazine: Did Telegram’s Pavel Durov commit a crime? Crypto lawyers weigh in

Read more

Toncoin surges as Pavel Durov leaves France after months

The price of Toncoin (TON) jumped over 6% following the release of Telegram founder Pavel Durov from France, where he had been compelled to remain since his arrest in August 2024.

According to CoinMarketCap, the price of TON has rallied by roughly 18% in the last 24 hours and over 13% in the last seven days.

Following the news of the Telegram founder’s arrest in France on Aug. 24, 2024, the price of TON plummeted by over 35%, from roughly $6.88 to $4.44 by September 2024.

The digital asset reached a high of $7.20 on December 4, 2024, amid a historic rally in the crypto markets in response to the re-election of President Donald Trump in the United States.

However, TON’s price collapsed by roughly 67% after the post-election rally, reaching a low of $2.36 on March 11, 2025.

Telegram, Pavel Durov, TON

Toncoin’s price action since August 2024. Source: TradingView

Toncoin is the cryptocurrency of The Open Network, which is separate from the Telegram platform, but has become a staple for users of the messaging application.

French prosecutors accused Durov of running a platform that allegedly enables illegal activities, according to charges announced on Aug. 28, 2024.

Durov being granted approval to leave France was applauded by Telegram and TON users as a win for freedom of speech, while the debate between online security and freedom of expression continues to foment.

Related: Wallet in Telegram to list 50 tokens and launch yield program

Pavel Durov finally allowed to leave France after months

The Telegram founder reportedly secured permission to leave France on March 13 to travel to Dubai.

According to the AFP news agency, unnamed sources confirmed Durov’s departure from the European country this morning, and other sources claimed that the Telegram founder was allowed to leave France for “several weeks.”

At this point, it is unclear whether the case has been settled in French courts or if Durov has only been granted temporary travel time while the case is arbitrated in the legal system.

Telegram, Pavel Durov, TON

A translated statement from the Paris Public Prosecutor’s Office announcing charges against Telegram founder Pavel Durov. Source: Jacques Pezet

French law enforcement officials have accused Telegram of facilitating illegal activities by failing to censor the messaging platform and also pressed charges against Durov — forcing him to remain in France as part of a bail agreement.

The Telegram founder later characterized the arrest as unnecessary and said that the company maintains a representative in the European Union to handle legal requests.

Durov emphasized that he and the company would have gladly cooperated with French authorities if an appropriate legal request for help was submitted.

Magazine: Did Telegram’s Pavel Durov commit a crime? Crypto lawyers weigh in

Read more

Bitcoin’s role as an inflation hedge depends on where one lives — Analyst

For years, inflation was primarily a concern for emerging markets, where volatile currencies and economic instability made rising prices a persistent challenge. However, in the wake of the COVID-19 pandemic, inflation became a global issue. Once-stable economies with historically low inflation were suddenly grappling with soaring costs, prompting investors to rethink how to preserve their wealth.

While gold and real estate have long been hailed as safe-haven assets, Bitcoin’s supporters argue that its fixed supply and decentralized nature make it the ultimate shield against inflation. But does the theory hold up?

The answer may depend largely on where one lives.

Bitcoin advocates emphasize its strict supply limit of 21 million coins as a key advantage in combating inflationary monetary policies. Unlike fiat currencies, which central banks can print in unlimited quantities, Bitcoin’s supply is predetermined by an algorithm, preventing any form of artificial expansion. This scarcity, they argue, makes Bitcoin akin to “digital gold” and a more reliable store of value than traditional government-issued money.

Several companies and even sovereign nations have embraced the idea, adding Bitcoin to their treasuries to hedge against fiat currency risk and inflation. The most notable example is El Salvador, which made global headlines in 2021 by becoming the first country to adopt Bitcoin as legal tender. The government has since been steadily accumulating Bitcoin, making it a key component of its economic strategy. Companies like Strategy in the US and Metaplanet in Japan have followed suit, and now the United States is in the process of establishing its own Strategic Bitcoin Reserve.

A Bitcoin investment strategy has paid off so far

So far, the corporate and government Bitcoin investment strategy has paid off as BTC outperformed the S&P 500 and gold futures since the early 2020s before inflation surged in the United States.

More recently, however, that strong performance has shown signs of moderation. Bitcoin remains a strong performer over the past 12 months, and while BTC’s gains outpace consumer inflation, economists caution that past performance is no guarantee of future results. Indeed, some studies suggest a correlation between cryptocurrency returns and changes in inflation expectations is far from consistent over time. 

Bitcoin’s role as an inflation hedge depends on where one lives — Analyst

Returns over the past 12 months. Source: Truflation.

Bitcoin’s role as an inflation hedge remains uncertain

Unlike traditional inflation hedges such as gold, Bitcoin is still a relatively new asset. Its role as a hedge remains uncertain, especially considering that widespread adoption has only gained traction in recent years.

Despite high inflation in recent years, Bitcoin’s price has fluctuated wildly, often correlating more with risk assets like tech stocks than with traditional inflation hedges like gold.

A recent study published in the Journal of Economics and Business found that Bitcoin’s ability to hedge inflation has weakened over time, particularly as institutional adoption grew. In 2022, when US inflation hit a 40-year high, Bitcoin lost more than 60% of its value, while gold, a traditional inflation hedge, remained relatively stable.

For this reason, some analysts say that Bitcoin’s price may be driven more by investor sentiment and liquidity conditions than by macroeconomic fundamentals like inflation. When the risk appetite is strong, Bitcoin rallies. But when markets are fearful, Bitcoin often crashes alongside stocks.

In a Journal of Economics and Business study, authors Harold Rodriguez and Jefferson Colombo said,

“Based on monthly data between August 2010 and January 2023, the results indicate that Bitcoin returns increase significantly after a positive inflationary shock, corroborating empirical evidence that Bitcoin can act as an inflation hedge.”

However, they noted that Bitcoin’s inflationary hedging property was stronger in the early days when institutional adoption of BTC was not as prevalent. Both researchers agreed that “[…]Bitcoin’s inflation-hedging property is context-specific and likely diminishes as it achieves broader adoption and becomes more integrated into mainstream financial markets.”

Bitcoin’s role as an inflation hedge depends on where one lives — Analyst

US inflation index since 2020. Source. Truflation

“So far, it has acted as an inflation hedge—but it’s not a black-and-white case. It’s more of a cyclical (phenomenon),” Robert Walden, head of trading at Abra, told Cointelegraph.

Walden said,

“For Bitcoin to be a true inflation hedge, it would need to consistently outpace inflation year after year with its returns. However, due to its parabolic nature, its performance tends to be highly asymmetric over time.”

Bitcoin’s movement right now, Walden said, is more about market positioning than inflation hedging—it’s about capital flows and interest rates.”

Argentina and Turkey seek financial refuge in crypto

In economies suffering from runaway inflation and strict capital controls, Bitcoin has proven to be a valuable tool for preserving wealth. Argentina and Turkey, two countries with persistent inflation throughout recent decades, illustrate this dynamic well.

Argentina has long grappled with recurring financial crises and soaring inflation. While inflation has shown signs of improvement very recently, locals have historically turned to cryptocurrency as a way to bypass financial restrictions and protect their wealth from currency depreciation.

A recent Coinbase survey found that 87% of Argentinians believe crypto and blockchain technology can enhance their financial independence, while nearly three in four respondents see crypto as a solution to challenges like inflation and high transaction costs.

Related: Argentina overtakes Brazil in crypto inflows — Chainalysis

With a population of 45 million, Argentina has become a hotbed for crypto adoption, with Coinbase reporting that as many as five million Argentinians use digital assets daily.

“Economic freedom is a cornerstone of prosperity, and we are proud to bring secure, transparent, and reliable crypto services to Argentina,” said Fabio Plein, Director for the Americas at Coinbase.

“For many Argentinians, crypto isn’t just an investment, it’s a necessity for regaining control over their financial futures.”

“People in Argentina don’t trust the peso. They are always looking for ways to store value outside of the local currency,” Julián Colombo, a senior director at Bitso, a major Latin American cryptocurrency exchange, told Cointelegraph.

“Bitcoin and stablecoins allow them to bypass capital controls and protect their savings from devaluation.”

Bitcoin’s role as an inflation hedge depends on where one lives — Analyst

Argentina inflation index. Source. Truflation.

Beyond individual investors, businesses in Argentina are also using Bitcoin and stablecoins to protect revenue and conduct international transactions. Some workers even opt to receive part of their salaries in cryptocurrency to safeguard their earnings from inflation.

According to economist and crypto analyst Natalia Motyl,

“Currency restrictions and capital controls imposed in recent years have made access to US dollars increasingly difficult amid high inflation and a crisis of confidence in the Argentine peso. In this environment, cryptocurrencies have emerged as a viable alternative for preserving the value of money, allowing individuals and businesses to bypass the limitations of the traditional financial system.”

While Bitcoin’s effectiveness as an inflation hedge is still up for debate, stablecoins have become a more practical solution in high-inflation economies, particularly those pegged to the US dollar.

Relative to its economic size, Turkey has emerged as a hotspot for stablecoin transactions. In the year leading up to March 2024, purchases alone accounted for 4.3% of GDP. This digital currency boom, fueled by years of double-digit inflation—peaking at 85% in 2022—and a more than 80% plunge in the lira against the dollar over the past five years, gained momentum during the pandemic.

Turkey’s Bitcoin adoption proves citizens drive adoption, not governments

Although Turkey allows its citizens to buy, hold, and trade crypto, the use of digital currencies for payments has been banned since 2021 when the Central Bank of the Republic of Turkey prohibited “any direct or indirect usage of crypto assets in payment services and electronic money issuance.” Nevertheless, crypto adoption in Turkey is still evident, with an increasing number of Turkish banks offering crypto services and shops and ATMs providing crypto exchange options.

High inflation rates backed the erosion of the Turkish lira’s value, which lost nearly 60% of its purchasing power as inflation soared to 85.5% between 2021 and 2023. This led many Turkish citizens to turn to Bitcoin as a store of value and a medium of exchange.

While some argue that Bitcoin’s scarcity bodes well for long-term appreciation, potentially outpacing consumer inflation, its high volatility and recurring correlation with tech-heavy, risk-associated indexes like the Nasdaq in recent times suggest that its performance as a pure inflation hedge remains mixed.

However, in inflation-ridden nations like Argentina and Turkey, where local currencies have collapsed in value, the “digital gold” has undeniably served as a crucial avenue of escape from local currencies, preserving purchasing power in ways traditional fiat cannot.

Although Bitcoin is still a nascent asset, and its effectiveness as a hedge requires further study, one thing remains clear—so far, it has significantly outperformed consumer inflation. For Bitcoin enthusiasts, that alone is reason enough to celebrate.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Read more

Decentralized science meets AI — legacy institutions aren’t ready

Opinion by: Sasha Shilina, PhD, founder of Episteme and researcher at Paradigm Research Institute

Science has always been about pushing boundaries, yet today, many of those boundaries are artificial — walled-off journals, slow-moving institutions and research funding locked behind bureaucratic doors. The system is designed for gatekeepers, not explorers. But what if we could tear down those walls? What if science could be set free?

Over the past few years, we’ve watched decentralized science (DeSci) morph from a radical experiment into one of crypto’s most electrifying frontiers. Once dismissed as a niche idea, DeSci is now a billion-dollar movement. As of early 2025, the top DeSci tokens collectively boast a market capitalization of around $1 billion. Momentum is undeniable: Half of the top 10 projects in the space launched just last year, according to Messari. What started as a whisper is now a roar, echoing across the halls of academia, biotech labs and decentralized autonomous organizations alike.

Raw energy isn’t enough. DeSci still faces formidable challenges: scalability, quality control, reproducibility and real-world adoption. It’s a vision in motion, not a finished revolution. And that’s where artificial intelligence steps in — not just as a tool but as the missing puzzle that could propel DeSci from a bold experiment to an unstoppable force.

AI is already reshaping the traditional science (TradSci) landscape: sifts through massive data sets, spots hidden patterns, cracks problems that once took decades to solve, ventures into longevity research, and accelerates drug development, materials science and computational biology. Yet, for all its promise, access to AI remains tightly controlled and monopolized by a handful of corporations, elite universities and government-backed institutions. AI’s vast potential is shackled by centralization.

What if these two forces — the decentralized infrastructure of DeSci and the power of AI — merged into one system? A system where science is decentralized, intelligent, autonomous and radically open?

Let’s call it DeScAI. 

Science, but unstoppable

Imagine a world where every experiment, every data set and every discovery isn’t buried in paywalled journals or trapped in proprietary vaults but flows seamlessly across a decentralized, living network. This is the vision of DeScAI, where blockchain and AI unite to build an open, intelligent and self-sustaining ecosystem. Knowledge isn’t just stored — it breathes, evolves and connects. AI curators scour vast data sets, linking research across disciplines, uncovering hidden insights and transforming isolated findings into a shared intellectual bloodstream.

Recent: DeFi can help us choose the best robots for the job

For too long, independent researchers have struggled to access the AI tools they need for research and massive data analysis. DeScAI could rewrite this equation by turning the world into a vast, decentralized supercomputer. Every idle processor, every surplus server and every untapped resource can contribute to a global grid where computing power is not a commodity but a shared asset. Need to map the human brain or train a biodiversity model? There is no need to beg a tech giant — just tap into the collective machine. Smart incentives ensure fairness; AI optimizes distribution; and science advances at a speed never seen before.

What about funding? Today’s grant system is a labyrinth of delays, favoritism and opaque decision-making. DeScAI could replace this outdated model with a marketplace of ideas where anyone — researchers, enthusiasts even curious citizens — can directly support groundbreaking projects. No elite panels, no endless bureaucracy. AI-assisted platforms analyze proposals, suggest collaborations, and help communities vote with their resources. If an idea has merit, it gets the backing it deserves — whether from one person or 10,000.

Peer review, once the bedrock of scientific integrity, has become a bottleneck. Papers languish in submission queues for months, sometimes years, subjected to a process that is as unpredictable as it is biased. DeScAI can potentially turn peer review into a dynamic, real-time process. Research is uploaded to an immutable ledger, where AI immediately verifies data integrity and flags potential conflicts of interest. Expert reviewers — who are no longer anonymous gatekeepers but active, rewarded participants — provide transparent, constructive and traceable feedback. Reputations are built on contributions, not credentials. Science becomes an ongoing conversation, not a waiting game.

Perhaps the most revolutionary aspect of DeScAI is its ability to turn isolated curiosity into collective intelligence. What if an AI could help a marine biologist in Argentina and a quantum physicist in Germany stumble upon a connection neither would have made alone? What if an engineer working on renewable energy models could instantly access simulations run by climate scientists in a different hemisphere? DeScAI makes these moments of serendipity not just possible but inevitable.

What about the raw material of modern science — data? Today, data is hoarded, exploited and sold without the consent of those who generate it. DeScAI shifts power back to the people. Data contributors retain ownership and are compensated when their information is used to train AI or develop new models. Blockchain solutions ensure privacy; smart contracts enforce fairness; and the age of data colonialism ends.

Science should be borderless, but for too long, geography, institutions and economics have dictated who gets to participate. DeScAI erases those barriers. A young coder in Nairobi can collaborate with a neuroscientist in Seoul, not because an institution promotes it but because the infrastructure allows it. AI-driven translation tools dissolve language barriers, decentralized data sharing enables seamless collaboration, and research teams form organically around ideas, not affiliations.

The resistance will be fierce

Academic publishers, government agencies and corporate research labs have built their influence on exclusivity. They will not willingly embrace an open system where knowledge flows freely, research is verifiable in real-time and funding no longer depends on institutional decisions. 

Some projects in this space will stumble, giving critics ammunition to dismiss the movement as they may argue that decentralized oversight cannot maintain the same level of quality control, and it is unrealistic to expect cohesive governance from a patchwork of tokenholders and autonomous agents. Yet the success of DeScAI does not hinge on dismantling the existing research order outright — it hinges on demonstrating superior efficiency, fairness and innovation. Ultimately, it offers a parallel ecosystem that anyone can join, building trust through open ledgers, cryptographic proofs and AI-verified methodologies. The direction is clear: Just as DeFi forced the banking sector to acknowledge new economic models, DeScAI will force research institutions to do the same.

This is not a slow evolution — it is a shift in scientific power. The old system, built on secrecy and hierarchy, collides with an emerging model of openness and decentralization. The question for those still embedded in traditional academia is whether they will adapt or be left behind as knowledge production moves into a future they can no longer control.

Opinion by: Sasha Shilina, PhD, founder of Episteme and researcher at Paradigm Research Institute.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Read more

In this week’s episode of the StrictlyVC Download podcast, veteran VC Aileen Lee was direct about a major consequence of the recent boom-and-bust cycle: many companies stuck in limbo aren’t just struggling to regain their footing after raising too much money at unsustainable valuations; they’ve also lost the champions who once backed them. Lee was […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Read more

Joby Aviation is partnering with Virgin Atlantic to launch electric air taxis in the U.K., marking the seventh country in which the startup hopes to one day commercialize. Joby, which went public in 2021 via special purpose acquisition merger, did not provide a timeline for when it plans to launch its partnership with Virgin in […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Read more

Amazon Echo users will no longer have the option to process their Alexa requests locally, which means all of their voice recordings will be sent to the company’s cloud. Ars Technica reports that on Friday, Amazon sent an email to customers who have “Do Not Send Voice Recordings” enabled on their Echo smart speakers and […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Read more

GTC, Nvidia’s biggest conference of the year, will return this week, with the biggest announcements probably coming Tuesday. If you can’t make it in person, don’t sweat it. TechCrunch will be on the ground covering the major developments. Many of the biggest presentations, talks, and panels will be livestreamed as well. The conference starts Monday, […]

© 2024 TechCrunch. All rights reserved. For personal use only.

Read more
1 56 57 58 59 60 2,656