BTC Supply Shock Could Have Dramatic Implications: Sygnum

BTC Supply Shock Could Have Dramatic Implications: Sygnum

Bitcoin is entering a period of supply shock that could have more dramatic price implications than in previous cycles, Katalin Tischhauser, head of research at digital asset banking group Sygnum, told Cointelegraph. “Large demand will have a strong multiplier effect, meaning every $1 of demand leading to, say, $20-30 additional market capitalization,” she said. “We…

FTX Bankruptcy Estate distributes $5 billion

FTX Bankruptcy Estate distributes $5 billion

The FTX Recovery Trust has initiated a second round of payments to its creditors. On May 30, the Trust started a $5 billion payout to eligible creditors in the Convenience and Non-Convenience Classes who have completed the pre-distribution requirements. According to a May 28 announcement, the creditors’ distribution will include Dotcom Customer Entitlement Claims, which…

Google Search’s AI Overview cannot correctly tell you if it’s 2025

Google Search’s AI Overview cannot correctly tell you if it’s 2025

TL;DR Google Search’s AI Overview results are known to confidently give wrong answers, and they continue to do so. The latest gaffe surfaced when users asked if it is 2025, to which AI Overview incorrectly claims it is 2024 and not 2025. Such confidently wrong results highlight the perils of relying on AI for fact-checking. Users can…

France Charges 25 Over Crypto Kidnapping Spree in Paris

France Charges 25 Over Crypto Kidnapping Spree in Paris

French authorities have charged 25 individuals, including six minors, over a series of kidnappings and attempted abductions linked to the country’s cryptocurrency sector. The group, aged between 16 and 23, faces charges connected to multiple plots targeting prominent crypto figures and their families, Le Monde reported, citing an announcement from the Paris public prosecutor’s office…

White House investigating how Trump’s chief of staff’s phone was hacked

White House investigating how Trump’s chief of staff’s phone was hacked

The White House is investigating after one or more people reportedly accessed the contacts from the personal phone of White House chief of staff Susie Wiles, and used the information to contact other top officials and impersonate her.  Wiles reportedly told people that her phone was hacked. The Wall Street Journal first reported the hack…

Google fixes AI Overview bug that didn’t know what year it is

Google fixes AI Overview bug that didn’t know what year it is

TL;DR Google Search’s AI Overview previously gave confident but wrong answers for the simple search query “Is it 2025?”. This has now been fixed, and AI Overview gives the right answer. More importantly, Google no longer hides the disclaimer about possible mistakes in the AI Overview answer, which helps remind users to double-check results. Users…

NYC Comptroller rejects Mayor Adams’s proposal for Bitcoin-backed bonds

NYC Comptroller rejects Mayor Adams’s proposal for Bitcoin-backed bonds

New York City Comptroller Brad Lander has criticized Mayor Eric Adams’s proposal to issue municipal bonds backed by Bitcoin, warning that such a move would introduce financial risk and undermine investor confidence. In a May 29 statement, Lander said he would not allow the New York City to issue the crypto-tied debt instrument while he…