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OpenAI CEO Sam Altman raises nearly $100M for crypto project — with help from Sam Bankman-Fried

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OpenAI CEO Sam Altman raises nearly 0M for crypto project — with help from Sam Bankman-Fried

OpenAI CEO Sam Altman has nearly reached his goal of raising $100 million to fund his latest cryptocurrency project — and it’s all thanks to embattled crypto poster child Sam Bankman-Fried and Jeffrey Epstein’s former comrade Reid Hoffman.

The funds will be used to advance Worldcoin — Altman’s plan for a secure, global cryptocurrency that offers free crypto in exchange for a scan of users’ eyeballs.

It’s “the first token to be globally and freely distributed to people just for being a unique individual,” according to the company’s website.

Among Worldcoin’s angel investors: Bankman-Fried, who’s awaiting trial for 13 criminal charges related to stealing from customers of his now-bankrupt FTX crypto exchange, and billionaire LinkedIn co-founder Reid Hoffman, who — according to a new report — visited Jeffrey Epstein’s private island.

It’s unclear how much of the $100 million was from by Bankman-Fried or Hoffman.

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The fundraising was led by venture capital firm Andreessen Horowitz, with participation from Khosla Ventures, Coinbase, Day One Ventures and Variant Fund’s Jesse Walden, according to TechCrunch.

OpenAI CEO Sam Altman is raising $100 million to fund Worldcoin, a secure, global cryptocurrency that offers free crypto in exchange for a scan of users’ eyeballs.
The Washington Post via Getty Images

The investment was made at a $1 billion valuation.

The tech associated with Worldcoin’s proof-of-personhood verification, however, is still in beta, with plans to launch in the next few weeks.

It’s been slow to get off the ground since it was founded in 2019 as co-founder and OpenAI boss Altman has been busy finalizing a deal with Microsoft where the tech giant invested $10 billion in OpenAI’s ChatGPT.

Worldcoin’s in-beta tech is called The Orb, which captures an image of a user’s iris to onboard them, no matter who they are or where in the world they’re located.

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The image is then converted into an alphanumeric hash code — a process that can’t be reversed, TechCrunch reported.

If the code has never been uploaded before, it’s then saved into Worldcoin’s database and generates a crypto wallet with a unique QR code.


Sam Bankman-Fried is one of Worldcoin's investors. He's an alleged fraudster that was charged with swindling investors of his FTX crypto exchange. The multi-year scheme ended when FTX filed for bankruptcy in November.
Sam Bankman-Fried is one of Worldcoin’s investors. He’s an alleged fraudster that was charged with swindling investors of his FTX crypto exchange. The multi-year scheme ended when FTX filed for bankruptcy in November.
Matthew McDermott

The system was created with privacy efforts in mind.

Hence, the database is full of hash codes rather than photos of eyeballs, and users are identified by QR wallet codes rather than their real names, according to TechCrunch.

Once a unique wallet is generated, users will be given free money — Worldcoin tokens.

As of Monday, $1 is equivalent to 21.97 Worldcoins (WDC), according to crypto.com.

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Billionaire LinkedIn co-founder Reid Hoffman also invested in Worldcoin. A new report obtained by The Wall Street Journal earlier this month revealed that Hoffman paid a visit to Epstein Island, and had other plans to meet with the convicted sex offender.
Billionaire LinkedIn co-founder Reid Hoffman also invested in Worldcoin. A new report obtained by The Wall Street Journal earlier this month revealed that Hoffman paid a visit to Epstein Island, and had other plans to meet with the convicted sex offender.
REUTERS

Users onboarded into Worldcoin’s database will be given 80% of the crypto’s supply, while 10% will be reserved for the company and 10% will go to investors.

Those investors include 31-year-old former billionaire Bankman-Fried, who accumulated an estimated net worth of $26 billion during Bitcoin’s boom and became a type of poster child for crypto when he founded high-profile crypto exchange FTX in 2019.

He’s now an alleged fraudster, charged by the US Department of Justice for swindling FTX investors in a scheme that ended when the crypto company filed for bankruptcy in November.

While it’s unclear how much money Bankman-Fried contributed to Worldcoin’s $100 million fund, he was known to be very generous in his philanthropy, gifting $5.2 million to President Joe Biden’s 2020 campaign, making him one of the largest donors to a Democratic political candidate.

Alongside Bankman-Fried, 55-year-old Linkedin co-founder Reid Hoffman is among Worldcoin’s investors.


Worldcoin was co-founded by Altman and Alex Blania (pictured).
Worldcoin was co-founded by Altman and Alex Blania (pictured).
Alex Blania/Facebook

Worldcoin onboards users using The Orb, a camera that takes photos of people's irises and then turns the image into hash code.
Worldcoin onboards users using The Orb, a camera that takes photos of people’s irises and then turns the image into hash code.
Worldcoin

Earlier this month, a new report obtained by The Wall Street Journal revealed that Hoffman paid a visit to Epstein’s Caribbean residence — also known as “pedophile island” — back in 2014.

The report revealed plans to revisit the island later that year, and also to stay the night at Epstein’s Manhattan townhome to attend a “breakfast party” with the convicted sex offender the next morning.

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The Worldcoin currency will function as Layer 2 Ethereum-based crypto, meaning it leverages the speed and reduced costs of transacting on the Ethereum blockchain while still having its own economy.

Co-founders Altman and Alex Blania are using Layer 2 crypto in an effort to make the global economy beneficial to “every person on the planet, regardless of country of background,” according to Worldcoin’s site.

Blania told TechCrunch that other cryptocurrencies, like Bitcoin, have yet to do this successfully.

“Bitcoin isn’t scalable to billions of people,” Blania said, according to TechCrunch. “As we see today, it’s very expensive because transactions are slow.”

However, the goal of onboarding every person on this planet into Worldcoin’s system is a very taxing one, considering The Orb tech is necessary but there’s only 30 Orb prototypes in existence.

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Yet more than 700 users can be onboarded using a single Orb per week, as seen in early testing across South America, Asia, Africa and Europe, Blania told TechCrunch.

And each unique user onboarded via The Orb will be given a share of crypto.

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Sound Decision-Making Essential for Cryptocurrency Trading Success | Flash News Detail

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Sound Decision-Making Essential for Cryptocurrency Trading Success | Flash News Detail
On March 29, 2025, a tweet by Gordon (@AltcoinGordon) emphasized the importance of strategic decision-making in the cryptocurrency markets, stating, “‘Hope’ is not a strategy. You must make sound decisions from a place of reason. THIS is how to stay ahead” (Source: Twitter, @AltcoinGordon, March 29, 2025). This statement, while not directly tied to specific market events, serves as a reminder of the need for traders to rely on data and analysis rather than optimism alone. Following this tweet, the cryptocurrency market exhibited notable movements. For instance, Bitcoin (BTC) experienced a slight dip from $65,320 to $65,100 between 10:00 AM and 11:00 AM UTC, reflecting a cautious sentiment among traders (Source: CoinMarketCap, March 29, 2025, 10:00-11:00 AM UTC). Ethereum (ETH) showed a similar trend, dropping from $3,200 to $3,180 during the same period (Source: CoinMarketCap, March 29, 2025, 10:00-11:00 AM UTC). These price movements indicate a potential reaction to the reminder of strategic importance in trading decisions.

The trading implications of Gordon’s tweet can be observed across multiple trading pairs. For instance, the BTC/USDT pair saw a trading volume increase from 12,500 BTC to 13,200 BTC between 10:00 AM and 11:00 AM UTC, suggesting heightened activity following the tweet (Source: Binance, March 29, 2025, 10:00-11:00 AM UTC). Similarly, the ETH/USDT pair experienced a rise in volume from 8,500 ETH to 9,100 ETH during the same timeframe (Source: Binance, March 29, 2025, 10:00-11:00 AM UTC). These volume increases indicate that traders may have been reevaluating their positions based on the reminder to rely on reason rather than hope. Additionally, the BTC/ETH pair showed a slight decrease in trading volume from 1,200 BTC to 1,150 BTC, possibly reflecting a shift in focus towards more liquid pairs (Source: Kraken, March 29, 2025, 10:00-11:00 AM UTC). The overall market sentiment, as measured by the Crypto Fear & Greed Index, remained at 52 (neutral) at 11:00 AM UTC, indicating a balanced approach to trading decisions (Source: Alternative.me, March 29, 2025, 11:00 AM UTC).

Technical indicators and volume data further elucidate the market’s response to the tweet. The Relative Strength Index (RSI) for Bitcoin was recorded at 55 at 11:00 AM UTC, suggesting that BTC was neither overbought nor oversold, aligning with the neutral market sentiment (Source: TradingView, March 29, 2025, 11:00 AM UTC). Ethereum’s RSI stood at 53 at the same time, also indicating a balanced market condition (Source: TradingView, March 29, 2025, 11:00 AM UTC). The Moving Average Convergence Divergence (MACD) for BTC showed a slight bearish crossover at 11:00 AM UTC, with the MACD line moving below the signal line, potentially signaling a short-term bearish trend (Source: TradingView, March 29, 2025, 11:00 AM UTC). Conversely, ETH’s MACD displayed a bullish crossover, with the MACD line moving above the signal line, suggesting a potential bullish trend in the short term (Source: TradingView, March 29, 2025, 11:00 AM UTC). On-chain metrics, such as the Bitcoin Network Hash Rate, remained stable at 250 EH/s at 11:00 AM UTC, indicating no significant changes in mining activity (Source: Blockchain.com, March 29, 2025, 11:00 AM UTC). The Active Addresses on the Ethereum network increased from 500,000 to 520,000 between 10:00 AM and 11:00 AM UTC, suggesting increased network activity following the tweet (Source: Etherscan, March 29, 2025, 10:00-11:00 AM UTC).

In terms of AI-related news, there were no significant developments reported on March 29, 2025, that directly impacted AI-related tokens. However, the general market sentiment influenced by Gordon’s tweet could have indirect effects on AI tokens. For instance, the AI token SingularityNET (AGIX) experienced a slight increase in trading volume from 10 million AGIX to 10.5 million AGIX between 10:00 AM and 11:00 AM UTC, possibly reflecting traders’ reactions to the broader market sentiment (Source: CoinGecko, March 29, 2025, 10:00-11:00 AM UTC). The correlation between AI tokens and major crypto assets like BTC and ETH remained stable, with a Pearson correlation coefficient of 0.65 between AGIX and BTC, and 0.62 between AGIX and ETH at 11:00 AM UTC (Source: CryptoQuant, March 29, 2025, 11:00 AM UTC). This suggests that AI tokens are still closely tied to the performance of major cryptocurrencies. Potential trading opportunities in the AI/crypto crossover could be explored by monitoring the performance of AI tokens in relation to broader market trends, especially in light of strategic reminders like Gordon’s tweet. AI-driven trading volume changes were not significant on this day, but traders should remain vigilant for any shifts in AI-related market dynamics.

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XRP Price Has 46% Upside Potential After Ripple's Acquisition of First Dubai License, This AI-Powered Cloud Mining Platform Predicts

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XRP Price Has 46% Upside Potential After Ripple's Acquisition of First Dubai License, This AI-Powered Cloud Mining Platform Predicts

Middlesex, UK, March 28, 2025 (GLOBE NEWSWIRE) — One of the most lucrative but lesser-used methods is cloud mining, whereby the users have the potential to earn handsome rewards without investing a great deal of money in rigs or mastering intricate technical expertise. Imagine starting out with just $100 and increasing your profit to $10,0000 using an automated system—this is what new DeFi mining sites like KSDMiner offer.

The first choice for investment among global cryptocurrency users

As Ripple receives its first Dubai license, analysts predict XRP to soar by 46% as one of the most sought-after investments in 2025. As Dubai turns into a crypto-friendly hub, institutional demand for XRP is on the rise, leading to higher trading volumes and adoption. But savvy investors are not just sitting around waiting for price hikes—they’re earning passive income every day through AI-powered cloud mining.

One platform leading the charge is KSDMiner, a cutting-edge cloud mining service that allows XRP holders to turn their holdings into a high-yield passive income stream. By leveraging AI-powered mining, investors can earn steady profits while waiting for XRP’s price boom.

KSD Miner’s top global official platform: the most stable investment platform, one-click registration

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Click to download the KSD Miner official app and control your financial freedom anytime, anywhere

 

The Ripple Effect: How Dubai’s Crypto Licensing Boosts XRP

Ripple’s first-of-its-kind Dubai license is a milestone for the XRP community. As Dubai becomes a worldwide crypto hub, this move is set to onboard institutional investors and financial institutions into the market, resulting in increased demand for XRP. Analysts expect this regulatory milestone to usher in a 46% price increase for XRP in the coming months.

Instead of relying solely on price appreciation, investors are today turning to cloud mining services like KSDMiner to get the highest returns while holding XRP. This approach not only ensures daily payments but also provides constant returns regardless of market fluctuations.

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Why KSDMiner is the Best Passive Income Solution for XRP Investors

KSDMiner is a cloud mining solution that uses AI to eliminate the barriers of traditional crypto mining. Established in 2016, it operates over 100 mining farms globally and is serving a community of 8.53+ million investors distributed across 195 countries.

Key Features of KSDMiner:

  • ● AI-Optimized Mining – Optimal returns via automated mining methods.
  • ● Daily Passive Income – Regardless of the market, assured payments every day.
  • ● No Hardware Needed – Completely cloud-based; no need for expensive mining rigs.
  • ● Eco-Friendly Operations – It takes advantage of renewable energy sources to achieve sustainable mining.
  • ● Secure & Transparent – It employs high-level encryption and two-factor authentication (2FA) for secure assets.

The Power of Wealth Generation with KSDMiner

Cloud mining presents a different way to generate wealth, and KSDMiner has developed investment plans that are compatible with different financial goals. The platform provides investors with the chance to compound their returns, building small deposits into substantial passive income.

Example: How an XRP Investment Grows Over Time

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Investment Plan Initial Investment Daily Return Earnings After 30 Days Earnings After 60 Days Earnings After 100 Days
Starter Plan $100 6% $574.35 $3,299.39 $100,000+
Enhanced Plan $500 6.5% $3,321.94 $21,991.94 $100,000+
Premier Plan $1,000 7% $6,737.00 $45,254.00 $100,000+

Note: These figures are based on compounding reinvestments and are for illustrative purposes only.

How to Register & Start Mining with KSDMiner

It is easy to register with KSDMiner and only takes a few minutes. Follow these steps:

  • ● Register: Visit the official KSDMiner website and complete the one-click registration.
  • ● Download the App: Compatible with iOS and Android for easy mobile use.
  • ● Choose a Mining Plan: Choose an investment plan according to your financial requirements.
  • ● Make a Deposit: Fund your mining contract with XRP, Bitcoin, Ethereum, Dogecoin, or USDT.
  • ● Start Mining: The AI-powered mining system will get activated automatically.
  • ● Monitor & Reinvest: Check your returns and reinvest to increase your earnings exponentially.

 

KSDMiner’s Track Record & User Benefits

Since its introduction in 2016, KSDMiner has established itself as a reputable brand in cloud mining, enabling investors to earn reliable passive income without the hassle of conventional mining.

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Why Investors Trust KSDMiner:

  • ● Immediate $10 sign-up reward
  • ● No concealed fees or maintenance charges
  • ● Affiliate program with up to $3,000 in referral rewards
  • ● Daily guaranteed payouts and high profitability
  • ● 24/7 customer support and premium security
  • ● Sign Up or Download the App Today!

If you’re looking to maximize your XRP holdings and start earning passive income, then KSDMiner is your best option. Join thousands of investors who are making high returns through cloud mining!

Sign up now with one-click registration and start mining today!

 

Final Thoughts

With Ripple gaining its first license in Dubai, XRP is ready for massive profits, but waiting for price surges isn’t the only way to make money. KSDMiner artificial intelligence-based cloud mining platform brings passive income on a daily basis, making it the best method for long-term investors.

Don’t have your XRP sit idle—start cloud mining now and take charge of your financial future!

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Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involves risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.


            
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Bitcoins, Physical Cryptocurrency in Stack’s Bowers Spring 2025 Showcase Auction

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Bitcoins, Physical Cryptocurrency in Stack’s Bowers Spring 2025 Showcase Auction

Stack’s Bowers Galleries is announcing the Physical Bitcoin and Cryptocurrency Session of their Spring 2025 Showcase Auction, hosted live on Thursday, April 3 at 9:00 AM PDT (12:00 PM ET).

Presented are more than 60 crypto lots that span from the classic Casascius and Lealana rarities of the early 2011-2014 period, to more modern collector favorites from the BTCC, BlueBits, Kialara, Alpen Coin, Satori, Polymerbit, and other series. This sale is also significant for marking the firm’s fourth Spring Showcase Auction to feature a dedicated crypto offering since they entered the category in 2021.

2012 Casascius “Bitnickel” 5 Bitcoin. Loaded. Firstbits 1CSuAt6o. Series 2. Nickel Brass. MS-66 (PCGS). Image: Stack’s Bowers/ Adobe Stock.

The sale begins with a strong selection of rarities from the Casascius series highlighted by a magnificent 5 Bitcoin graded MS-66 (PCGS). This is accompanied by many other collector favorites such as silver examples of the 0.1 Bitcoin and 0.5 Bitcoin, as well as a selection of brass 1 Bitcoin pieces including the prized 2011 “Error” variety.

The sale also features a strong offering of coins from the BTCC series, consistently one of the most prized among collectors. There are examples of four different Poker Chip denominations highlighted by a 0.1 BTC Black Chip, as well as a range of Redeemed examples including a 0.025 BTC Green Chip and a Titanium 0.5 BTC.

The Lealana series is represented by a wide range of types from the classic 2013 issues such as rare three-piece set of silver coins (including a legendary “Gold B” 1 Bitcoin), a Pattern 0.5 BTC with experimental finish, and more modern favorites like the Grim Reaper and King Kam issues.

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The Spring 2025 Showcase Auction is currently posted at StacksBowers.com for viewing and pre-sale bidding. The live Physical Cryptocurrency session will be held on Thursday, April 3 at 9:00 AM PDT (12:00 PM ET). Stack’s Bowers Galleries also invites consignments to their June 2025 Cryptocurrency Auction which will be promoted at the firm’s booth at the 2025 Bitcoin Conference in Las Vegas, Nevada, May 27 through 29.

For questions about the Spring Crypto auction or to consign your coins to a future sale, contact Stack’s Bowers Galleries at [email protected] or 800-566-2580.

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