Tag: ethereum

  • A Bitcoin owner successfully regained access to $400,000 worth of BTC after 11 years with the help of Claude AI.

    • A Bitcoin investor regained access to almost $400,000 worth of BTC after leveraging Claude AI to unlock a wallet that had remained inaccessible since 2015.
    • The recovery process involved AI-assisted analysis of legacy wallet files and mnemonic information to help identify the correct password.
    • Blockchain records later confirmed the transfer of the recovered funds, fueling broader conversations about the expanding role of artificial intelligence in cryptocurrency recovery efforts.

    A Bitcoin (BTC) holder reportedly regained access to around 5 BTC — valued at nearly $400,000 — after recovering a forgotten wallet password, according to a viral post on X shared Wednesday.

    The user, known on X as cprkrn, said the breakthrough came with the help of Claude AI after years of unsuccessful attempts to recover the wallet.

    Crypto community reacts to AI-assisted wallet recovery

    According to the post, the wallet became inaccessible after the owner changed the password and later forgot the updated credentials. Over the years, he allegedly tested countless password combinations, hired several recovery experts, and searched through old notes in an effort to regain access to the funds.

    The turning point came when the user uploaded files from an old college computer into Claude AI. By combining the data with a recovered mnemonic seed phrase, he was ultimately able to decrypt the wallet and recover the Bitcoin.

    “Tried ~3.5 trillion passwords + none worked, ended up matching an old seed phrase found in a college notebook with an old wallet file,” he wrote.

    The user later publicly disclosed the forgotten password, triggering widespread reactions throughout the crypto community. In a follow-up post, he admitted he “would’ve been too dumb to figure it out” without the AI’s help.

    Blockchain activity appears to support the claim. Wallet records linked to the address show BTC deposits dating back to April 2015, along with recent transactions consistent with a recovery and transfer of the funds to a new wallet, according to data from Blockchair.

    The story quickly attracted attention from several notable figures in the crypto space, including Nic Carter, Laura Shin, and Jesse Pollak.

    Importantly, the recovery depended on AI-assisted analysis of files and credentials already owned by the wallet holder, helping ease concerns about broader threats to Bitcoin wallet security.

    The incident highlights an emerging use case for artificial intelligence in crypto recovery efforts. However, it does not suggest that AI can crack Bitcoin’s encryption, as the recovery relied on existing seed phrases and legacy wallet data rather than bypassing cryptographic protections.

    The case also contrasts with other high-profile stories involving lost Bitcoin holdings, including the 2025 attempt by James Howells to recover a hard drive containing thousands of BTC from a landfill.

  • Meme Coin Price Forecast: Dogecoin, Shiba Inu, and Pepe surge amid Venezuela’s hidden Bitcoin reserve

    • Dogecoin rose another 2% following a 4% rebound on Sunday, marking its fifth consecutive day of gains.
    • Shiba Inu paused after surging nearly 12% on Sunday, having broken out of a falling channel formation.
    • Pepe is approaching its 200-day EMA, with bulls eyeing a breakout after a 77% rally over the past four days.

    Meme coins including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are leading the broader crypto market rally, fueled by the U.S. cross-border operation to detain Venezuelan President Nicolás Maduro. Dogecoin has extended its advance for a fifth straight session, while SHIB and PEPE are taking a brief pause. Despite this consolidation, the technical outlook for the major meme coins remains bullish.

    Venezuela’s hidden Bitcoin reserve fuels crypto market rally

    Venezuela is reportedly shifting from the petrodollar to cryptocurrencies like Tether’s USDT stablecoin to settle crude oil sales, with an estimated value between $10 billion and $15 billion. It’s believed that Maduro converted USDT into Bitcoin (BTC) to prevent his wallet from being frozen.

    Along with a $2 billion gold-for-Bitcoin swap conducted between 2018 and 2020 and the seizure of BTC mining assets, Venezuela’s shadow reserve is estimated to hold around 600,000 BTC.

    If the US Strategic Bitcoin Reserve seizes or absorbs Venezuela’s BTC holdings, it would effectively reduce Bitcoin’s available supply, potentially triggering a surge in demand. The current market recovery appears to reflect anticipation of this possible supply constraint.

    Dogecoin Gains Bullish Momentum Above $0.15

    Dogecoin rose 2% on Monday, building on Sunday’s 4% gain. The dog-themed meme coin has surpassed its 50-day Exponential Moving Average (EMA) at $0.14339 and is trading above the key $0.15 level.

    This recovery follows a breakout rally from a descending wedge pattern on the daily logarithmic chart. The next target for Dogecoin is the 200-day EMA at $0.18202, which aligns with a resistance zone between $0.18100 and $0.18500.

    Momentum indicators show strong buying pressure: the Relative Strength Index (RSI) stands at 65, leaving room before overbought territory, while the Moving Average Convergence Divergence (MACD) continues to climb with green histogram bars, signaling growing bullish momentum.

    If DOGE slips below the key support near $0.14399, it could negate the recent breakout and expose the meme coin to further downside pressure, potentially testing the next psychological floor around $0.13 or lower. Technical breakdowns below critical support often increase the risk of deeper corrections, as previous analyses have shown DOGE facing renewed bearish momentum if it fails to hold near support levels.

    Shiba Inu Pauses After Four-Day Rally, Holding Above 50-Day EMA

    Shiba Inu surged nearly 12% on Sunday, breaking above the resistance trendline formed by the October 13 and November 11 highs. As of Monday, SHIB has pulled back slightly, down over 1%.

    If the recovery continues, Shiba Inu could target the 200-day EMA at $0.00001065.

    Similar to Dogecoin, daily momentum indicators show strong bullish momentum for SHIB. The RSI stands at 65, approaching the overbought zone, while the MACD has crossed above the zero line with increasing green histogram bars, signaling growing upward momentum.

    On the downside, if SHIB falls below the 50-day EMA at $0.00000821, it would invalidate the recent breakout, potentially exposing the coin to a drop toward the October 10 low of $0.00000678.

    Pepe Eyes Breakout Above 200-Day EMA

    Pepe slipped nearly 2% on Monday after soaring almost 18% on Sunday, pausing its four-day rally that has surged over 77%. This pullback reflects resistance near the 200-day EMA at $0.00000749.

    If PEPE breaks above this level, the rally could extend toward the September 25 low at $0.00000886.

    The RSI stands at 79, indicating overbought conditions and potentially unsustainable buying pressure. However, the rising MACD suggests continued bullish momentum.

    On the downside, a potential reversal in PEPE may test the former resistance, now support zone, around $0.00000650.

    Sources: Fxstreet