Hey there, PoI readers! 💫 

It's your favorite crypto connoisseur, Mochi, back with another serving of tantalizing tech and web3 news. From El Salvador's presidential Tesla tour to Solana's Bitcoin makeover, we've got a smorgasbord of digital delights to dig into. So, grab your favorite beverage, settle into your comfiest chair, and let's embark on a thrilling journey through the land of bytes and blockchains! 🌐🔗

INTEL BRIEF

🟧 President Bukele of El Salvador met with Elon Musk at Tesla to discuss AI, Bitcoin, and the future of technology.

🟧 Crypto lender Shezmu successfully recovered most of its hacked funds through negotiations with the hacker, while WazirX struggles with its own $235 million theft case.

🟧 The Indian Supreme Court's YouTube account was hacked by XRP scammers but was recovered, though it lost its subscriber base and content.

🟧 Coinbase announced plans to bring its wrapped Bitcoin asset, cbBTC, to the Solana network at Breakpoint 2024.

El Salvador President Dances with Tesla as Bitcoin Meets AI

Today, we're diving into a meeting that's got more buzz than a caffeinated bee – El Salvador's President Nayib Bukele's rendezvous with the Technoking himself, Elon Musk!

Bukele struts into Tesla's gigafactory in Austin, Texas, probably feeling like he's stepped into the future. Elon, being the gracious host he is, gives him the grand tour.

Now, you might be wondering, "What's cooking between these two powerhouses?" Well, it seems they were brewing up a storm of ideas about AI, Bitcoin, and how El Salvador could become the next Silicon Valley of Central America (minus the ridiculous rent prices, hopefully).

Musk, called Bukele an "amazing leader." I mean, who wouldn't be amazed by a president who shows up with home-grown coffee as a gift? Elon, in a move that screamed "I forgot to go grocery shopping," offered a can of Coca-Cola in return. Talk about a fizzy exchange! 😝

El Salvador, having already taken the plunge into Bitcoin as legal tender, is now eyeing AI. They're not just dipping their toes in the water; they're doing a cannonball into the deep end of the tech pool.

And get this – ARK Invest's Cathie Wood is predicting El Salvador's GDP could skyrocket tenfold by 2029. That's like your savings account growing faster than a teenager in a growth spurt!

Wood's even calling El Salvador a potential "oasis for the Bitcoin and AI communities." I don't know about you, but I'm picturing a tropical paradise where instead of coconuts, the trees are laden with GPUs and cold wallets.

President Bukele of El Salvador met Elon Musk at Tesla to discuss AI and tech innovations

El Salvador is embracing AI after adopting Bitcoin, aiming to become a tech hub

ARK Invest's Cathie Wood predicts El Salvador's GDP could increase tenfold by 2029 due to tech investments

Crypto Lender turns Tables on Hacker in 5 Million Dollar Heist through Negotiation with Attacker

Shezmu, a crypto lender that just pulled off a negotiation so smooth, it'd make a used car salesman weep with envy. Picture this: Shezmu's digital vault gets cracked and nearly $5 million in crypto goes poof! 

Instead of crying over spilled Bitcoin, Shezmu decided to slide into the hacker's DMs (okay, it was actually an on-chain message, but let me have my fun). They were all like, "Hey there! How about you give us back 90% of those coins, and we'll call it a day? No cops, no robbers, just a friendly neighborhood crypto exchange!"

Now, most hackers would probably laugh and buy themselves a private island. But this one? They came back with a counter-offer, "Make it 80/20, and you've got a deal," they said (I'm paraphrasing, but you get the gist). Shezmu, agreed to the deal. And lo and behold, the ETH started flowing back like a digital Niagara Falls!

While Shezmu's celebrating their Houdini-like escape from financial disaster, another crypto exchange, WazirX from India, is still scratching its head over its own $235 million oopsie. It's been two months, and they're still pointing fingers like it's a game of crypto hot potato.

WazirX is blaming its custodian, Liminal, who's saying "Wasn't me!" faster than Shaggy in that song we all pretend not to know. Meanwhile, Liminal's waving an audit report around like it's a "Get Out of Jail Free" card.

CoinSwitch, another exchange, threatening to sue WazirX for its share of the missing millions. It's like watching a blockchain version of "Survivor," minus the tropical island and plus a whole lot of digital drama.

Shezmu recovered most of its $5 million stolen crypto by negotiating with the hacker

The hacker demanded and received a 20% bounty for returning the funds

WazirX is still struggling to recover $235 million in stolen funds after 60 days, facing potential lawsuits

Indian Supreme Court's YouTube Channel Gets a Crypto Makeover (Temporarily)

Imagine this: You're scrolling through YouTube, looking for riveting footage of Indian legal proceedings (no judgment here, we all have our hobbies), when suddenly, BAM! Instead of stern-faced judges, you're greeted by the charming visage of Ripple Labs CEO Brad Garlinghouse, promising you riches beyond your wildest dreams. No, you haven't stumbled into an alternate universe where crypto bros rule the courts. You've just witnessed the Great Indian Supreme Court YouTube Heist of 2024!

That's right, folks. On September 20th, some cheeky crypto scammers decided to give the Indian Supreme Court's YouTube channel a makeover that would make any influencer jealous, turning the esteemed legal channel into a veritable XRP infomercial.

These digital desperados didn't just stop at a rebrand. Oh no, they went full Marie Kondo on the channel, decluttering it of all those pesky legal videos that clearly weren't sparking joy.

Thankfully, YouTube's content moderation team sprung into action taking down the compromised account quicker than a judge's gavel fall. The Indian Supreme Court, not to be outdone in the rapid response department, issued a public notice that essentially said, "Houston, we have a problem" (but in more legalistic terms, of course).

Now, here's where things get as twisty as a legal brief. The Supreme Court managed to wrestle back control of their channel, but like a bad court ruling, the damage was already done. Their subscriber count? Vanished like a defendant's alibi. Their video uploads? Gone like a lawyer's free time during a big case.

To add insult to injury, the channel came back with a new name – 'Vansh'. I'm not saying the hackers have a future in branding, but... actually, no, I'm definitely not saying that.

But fear not, justice seekers! The cached information on Google Search still recognizes the channel as belonging to the Supreme Court of India.

The Indian Supreme Court's YouTube account was hacked by XRP scammers on Sept. 20

YouTube took down the compromised account, and it was later recovered

The recovered account lost its 217,000+ subscribers and all previous content

Coinbase Wraps Bitcoin for Solana in Surprise Breakpoint Announcement

Coinbase's country director for Singapore, Hassan Ahmed, announced that has everyone's NFTs spinning. "We're bringing cbBTC to Solana!" he announces, and the crowd goes wild like they've just won a lifetime supply of free gas fees.

Now, for those of you who've been living under a blockchain, cbBTC is Coinbase's fancy new wrapped Bitcoin asset. It's like Bitcoin got a designer makeover and decided to mingle with the DeFi crowd. And let me tell you, this Bitcoin in a Solana suit is turning heads faster than a high-frequency trader!

cbBTC isn't just a pretty face in the crypto world. In just seven days, it's muscled its way to become the third most popular wrapped Bitcoin product on the market.

And get this – the Sky community (formerly known as Maker) is eyeing cbBTC. They're so smitten, they're considering kicking WBTC to the curb.

Why the love for cbBTC, you ask? Well, it's backed 1:1 by real Bitcoin held by Coinbase. It's financial magic, minus the rabbit and hat! Remember that we don't have an official launch date yet.

Coinbase announced plans to bring cbBTC, its wrapped Bitcoin asset, to the Solana network

cbBTC has quickly become the third most popular wrapped Bitcoin product in just seven days

The Sky community (formerly Maker) is considering cbBTC as an alternative to WBTC for collateralized Bitcoin

And that's a wrap, my lovely PoI readers! 🎬 I hope this edition left you feeling informed, entertained, and maybe even inspired to negotiate with your own crypto hackers (just kidding, please don't). Remember, in the wild world of web3, today's Supreme Court hack could be tomorrow's wrapped Bitcoin sensation. Stay curious, stay secure, and keep that crypto enthusiasm burning bright!

Until next time, this is Mochi, your ice cream-inspired tech guru, signing off with a virtual scoop of blockchain goodness! 🍦🖥️

P.S. Don't forget to share your thoughts, questions, and favorite crypto puns with us. very voice matters in the PoI community! 📣❤️ Share the newsletter

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