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‘Fan token’ company Socios accused of crypto price manipulation

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Alexandre Dreyfus, the CEO and founding father of fan token web site Socios, has been accused of withholding funds with a view to keep the value of Chiliz (CHZ), the cryptocurrency utilized by the Socios group, in accordance with a report from Off the Pitch.

Fan tokens are tied to real-life sports activities groups, creators, or artists, and provides token holders entry to unique fan golf equipment the place they’ll vote on choices inside their group. In Socios’ case, the platform facilities round sports activities, with customers shopping for Chiliz to buy the fan tokens representing numerous groups in soccer, soccer, motorsports, and extra.

As reported by Off the Pitch, Dreyfus allegedly didn’t pay a few of his advisors an agreed-upon share of Chiliz in trade for endorsing the cryptocurrency. An unnamed tech government informed Off the Pitch that he solely acquired “some portion of what was promised,” and claims Dreyfus began “avoiding all communications with the advisors” in September 2020.

His purpose for not paying out advisors? An inside message from Dreyfus considered by Off the Pitch signifies Dreyfus didn’t need the worth of Chiliz to tank. “We additionally want to guard the traders,” Dreyfus writes within the screenshotted message. “While you give free tokens, folks can promote at any worth — it would not matter for them.” He then went on to notice that the “actual traders” who purchased Chiliz could possibly be dropping cash on account of advisors promoting off the forex.

The tech government referred Off the Pitch to 3 different advisors who additionally allegedly went unpaid, and acquired affirmation from one in all them. Oddly sufficient, that one advisor reached out to Dreyfus as soon as once more — the context of their dialog unknown — and reported again to Off the Pitch that every one 4 advisors had lastly been paid in full. It’s unclear if there are nonetheless different Chiliz advisors that stay unpaid.

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“We remorse that some advisers which have labored with us up to now weren’t paid in a well timed method and we have now rectified this with them immediately and keep good relationships immediately,” a Chiliz spokesperson informed Off the Pitch. “The agreements have been made when the corporate was pre-start up and at the moment we weren’t in a position to award CHZ immediately because it wasn’t listed on any exchanges. To be clear, this delay is unacceptable and never the way in which we wish to run our enterprise, and falls wanting the requirements to which we maintain ourselves immediately.”

Workers members, who have been additionally alleged to obtain a portion of their wage in Chiliz, weren’t so fortunate. When the worth of Chiliz skyrocketed, one worker claims they have been unable to money in on the $10 million allegedly owed by Dreyfus. Chiliz later ushered in a brand new contract to switch those beforehand signed by workers, leading to a smaller allotment of crypto, Off the Pitch reviews. The worker who was owed $10 million supposedly solely made off with round $60,000 on account of the brand new settlement. One other employees member was reportedly fired after talking out in regards to the situation to the press.

Chiliz responded to Off the Pitch’s report in a submit on Medium, stating that it “doesn’t replicate the reality of the matter.”

Replace March twelfth 6:05PM ET: Up to date so as to add the response from Chiliz.

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Humane is looking for a buyer after the AI Pin’s underwhelming debut

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Humane is looking for a buyer after the AI Pin’s underwhelming debut

Humane, the startup behind the poorly-reviewed AI Pin wearable computer, is already hunting for a potential buyer for its business. That’s according to a report from Bloomberg, which says the company — led by former longtime Apple employees Imran Chaudhri and Bethany Bongiorno — is “seeking a price of between $750 million and $1 billion.”

That might be a tough sell after the $699 AI Pin’s debut: the device has been widely panned for its slow responses and a user experience that falls well short of the always-on, wearable AI assistant concept that its founders promised in the run-up to the device’s release. The product was pitched at least partially as a way for people to be more present and reduce their ever-growing dependence on smartphones.

Humane developed its own operating system called CosmOS that runs on the AI Pin. It hooks into a network of AI models to fetch answers for voice queries and to analyze what the built-in camera is pointed at. For some interactions, the device beams out a laser “display” that is projected onto the wearer’s inner palm. A monthly subscription is required to keep the device active.

Humane was valued at $850 million by investors in 2023, but that was before its first-ever product was universally criticized by reviewers. There are some novel and clever ideas in there, but the AI Pin’s software is underbaked and too inconsistent, and the hardware has exhibited poor battery life and overheating issues. Humane has pledged to address some of those bugs with firmware updates. Just last week, it rolled out OpenAI’s GPT-4o model to further enhance the device’s smarts.

The list of potential buyers for Humane seems quite small considering the price that the startup is hoping to fetch. Amazon, Apple, Google, Meta, and Microsoft are all making significant pushes into the AI realm — with large language models and generative AI becoming more prevalent by the day — but it’s unclear how much value Humane’s intellectual property would really bring to any of their ongoing efforts.

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The OneXPlayer X1 Mini is the most feature-packed handheld gaming PC yet

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The OneXPlayer X1 Mini is the most feature-packed handheld gaming PC yet

You won’t forget where the WASD keys are, that’s for sure.
Image: OneXPlayer

And, importantly, it’s got a AMD 8840U processor instead of a Intel Core Ultra chip.

Not completely toolless — there’s still one screw.
Image: OneXPlayer

See, the OneXPlayer X1 Mini is a smaller 8.8-inch version of the 10.95-inch OneXPlayer X1 put on sale earlier this year — and that one shipped with the same Intel Core Ultra chip that recently underwhelmed us in the MSI Claw. OneXPlayer has already dramatically cut the price of the larger Intel-powered handheld, and has just announced an AMD 8840U powered version of it as well.

Top: OnePlayer X1 Mini. Bottom: OnePlayer X1
Images: OneXPlayer
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But if I had to pick between 10.95-inch or 8.8-inch versions, sight unseen, with the same size 65Wh battery (yes they’re the same size) I’d probably choose portability. Unless the 8.8-inch keyboard is really cramped or something.

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UK zoo keeps its rhinos warm with upgraded heating system

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UK zoo keeps its rhinos warm with upgraded heating system

Chester Zoo in northern England is partnering with Mitsubishi Electric to implement more sustainable heating throughout its 128-acre grounds, with a key focus on enhancing the habitat of its critically endangered Eastern black rhinos.

The partnership, announced on Tuesday, May 21, aims to meet the specific heating requirements of the rhinos, while also contributing to the zoo’s broader sustainability targets.

“We have some very unique users in our buildings, with very, very specific environmental conditions,” Chester’s head of sustainability, Jennifer Kelly, told Reuters.

GORILLA AT CINCINNATI ZOO PLACED IN WORLD’S FIRST 3D-PRINTED TITANIUM CAST IS HEALING WELL

“Every building on our site has a different environmental condition that we need to create to have the best animal welfare standards and habitat conditions for the critically endangered species that we’re caring for.”

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The Eastern black rhinos are the first to benefit from the new tech as they require a carefully controlled environment for their wellbeing. The rhinos’ habitat features large open doors for their free movement, but this design can lead to substantial heat loss. Mitsubishi Electric’s heat pump technology aims to counter this by providing a stable temperature range of 18 to 24 degrees, creating a comfortable environment for the rhinos while minimizing energy waste.

But have the rhinos noticed the change?

A ten-day-old black rhino calf, Embu, takes his first steps outside with his mother, Zuri, at Chester Zoo in northern England. The zoo partnered with Mitsubishi Electric to upgrade the heating system in the black rhino enclosure. (Peter Byrne/PA Images via Getty Images)

“Not at all. We haven’t had any feedback that they’ve noticed that their heating has changed at all. If anything, we can claim a real success in terms of maintaining that high heat demand that they have in that we had a calf earlier this year. So they seem very happy and settled with the air source pump system,” added Kelly.

This partnership with Mitsubishi forms part of Chester Zoo’s commitment to its goals to reduce fossil fuel use and promote sustainability.

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The zoo hopes that the air source heat pumps demonstrate what’s possible and show that if heat pumps can work in rhino habitats, they can work in residential and wider settings too.

“Our zoo will be 100 years old in 2031, so we do have some quite historic building stock on site that we need to retrofit,” added Kelly.

“So far, we haven’t found an application where an air source heat pump wouldn’t work.”

Reflecting their name, heat pumps are mostly known for their warming abilities. Even on cold days they operate by efficiently pulling in what heat exists outside from the air or the ground and using that to heat a special refrigerant liquid into gas. When that’s compressed, it warms up more. Pumping what results round the building raises the temperature to a comfortable level.

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Chester Zoo, open since 1931, is home to over 37,000 animals across 500 species and is recognized globally for its conservation efforts.

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