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$750M Bitcoin Recovery Stopped, Meta's Policy Shift, and MIT's Stacked 3D Chips
Jan 13, 2025
A legal battle over a $750 million Bitcoin fortune ends with a judge favoring the city's claim, leaving the massive cache buried in a landfill. In corporate news, Meta is undergoing a significant restructuring in its diversity and inclusion programs, signaling a change in priorities. Finally, MIT showcases revolutionary stacked 3D chip technology that could double processing power, promising exciting developments in AI and computer efficiency. Tune in for insights on technology and corporate shifts that could reshape the future!
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Quick takeaways
- A legal ruling has permanently halted the recovery attempts of $750 million worth of Bitcoin, highlighting risks associated with digital asset storage.
- Meta's overhaul of its diversity programs signifies a corporate shift towards less inclusive practices, reflecting reactions to changing legal climates and political landscapes.
Deep dives
Bitcoin Recovery Efforts Stalled
A significant legal setback has occurred for a Welsh IT specialist attempting to recover 8,000 Bitcoin accidentally discarded in 2013, with a judge ruling against his latest recovery bid. The cryptocurrency, valued at around $750 million, is currently entombed in a landfill, and the court declared it became the property of the local council upon disposal. The specialist had proposed several innovative recovery methods, including using AI robots and metal detectors, along with a team of experts for a targeted approach, but the local council has denied excavation permissions based on environmental concerns. Despite this, the individual remains resolute in his fight, even announcing plans for a new cryptocurrency backed by his inaccessible Bitcoin, vowing to keep pursuing the case until a higher court rules otherwise.
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