Month: May 2025
Square Flies the Flag for the Lightning Network With 9.7% Yield on Bitcoin Holdings
Square, the payment platform owned by Jack Dorsey’s company Block (XYZ) is earning a yield of 9.7% on its bitcoin holdings through running a node on the Lightning network. Block’s Bitcoin product lead Miles Suter said that the firm is earning “real bitcoin returns from our corporate holdings…by efficiently routing real payments across the Lightning … Read more
The Definition of Tier 1 Media Is Changing (And Lots of Industries Need to Catch Up)
For as long as I’ve worked in PR, there’s been one gold standard question every founder, executive, or board member asks when we land media coverage: “Is it Tier 1?” And for just as long, the answer has been relatively fixed: Tier 1 meant outlets with prestige, reach, and name recognition—think The Wall Street Journal, … Read more
Want Americans to Trust AI? Decentralize It
A decade ago, Bitcoin felt like the internet in the early ‘90s—niche, experimental, and easy to dismiss. Today? It’s front and center on Capitol Hill. What began as a decentralized outlier many labeled as fringe is slowly becoming a pillar of America’s economy that many consider the future. People can now invest in Bitcoin through … Read more
A decade in, bootstrapped Thinkst Canary reaches $20M in ARR without VC funding
Reflecting on 10 years since its launch, the honeypot maker explains why the company did not take on any VC funding.
sBUIDL, BlackRock’s tokenized treasury fund, explained
sBUIDL can be used as collateral, traded or deployed in DeFi protocols while maintaining exposure to yield from underlying Treasurys.
Meta AI now has 1B monthly active users
Meta AI now has one billion monthly active users across its apps, CEO Mark Zuckerberg said at the company’s annual shareholder meeting on Wednesday, as first reported by CNBC. The new milestone doubles the 500 million monthly active users Meta AI had back in September 2024. The “focus for this year is deepening the experience … Read more
How to Evaluate Security and Reliability in Key Recovery Systems
Table of Links Abstract and 1. Introduction Related Work 2.1 The Alternative-Authenticator Approach 2.2 The Original-Authenticator Approach The Proposed Secret Backup Approaches 3.1 Notations 3.2 Assumptions 3.3 The Direct-Escrow Method 3.4 Our Proposed Algorithms Security and Reliability Analysis 4.1 Security Analysis 4.2 Reliability Analysis 4.3 Recovery Failure Rate Analysis 4.4 Real World Parameters 4.5 Failure … Read more
7 days until doors open at TechCrunch Sessions: AI
We’re on the final stretch! TechCrunch Sessions: AI kicks off in just 7 days. Main stage and breakout sessions feature AI leaders from Google Cloud, Anthropic, OpenAI, Twelve Labs, and more. It’s your moment to connect, learn, and network at high velocity. Now’s the time to move—lock in your ticket and save $300, plus score … Read more
Blink’s budget buzzer gets some worthwhile upgrades
Blink launched the second generation of its video doorbell this week. Amazon’s budget security camera company, Blink, has launched the second generation of its popular video doorbell. The new Blink Video Doorbell adds a head-to-toe view and improved video resolution. It can also now alert you when a person is at your door instead of … Read more
How private equity kills companies and communities
Today, I’m talking with Megan Greenwell, a former top editor at Wired and Deadspin, about her new book Bad Company: Private Equity and the Death of the American Dream. It comes out on June 10th, and it’s a searing account of how private equity goes far beyond impacting failing businesses and deeply affects and transforms … Read more
Animal Crossing: New Horizons was a glimpse at Nintendo’s online future
Tiger Borgia, a content creator focused on cozy games, has been pulling weeds in Animal Crossing: New Horizons for over five years. Given the current landscape in which game developers constantly release new updates to vie for the attention of audiences, Borgia’s dedication to New Horizons can come across as admirable. Nintendo has not released … Read more
Tether, Tron Dominate Fast-Growing Stablecoin Payments Arena, Survey Shows
Tether’s USDT token and the Tron blockchain network dominate the rapidly growing stablecoin payment industry, according analytics firm Artemis with help from investment firms Dragonfly and Castle Island Ventures. A report entitled “Stablecoin Payments from the Ground Up” looked at data from 31 stablecoin payment companies, and found USDT, the largest stablecoin, accounted for 90 … Read more
UNI Surges 10% This Week as Bitcoin Consolidates
Uniswap’s native UNI token has risen by 10% this week amid a wider altcoin market rally. The move comes as bitcoin BTC consolidates around $108,000 after setting a record high of $111,970 last week. UNI is currently trading at $7.04 after rising to as high as $7.63 at 03:35 UTC. It is currently testing the … Read more
Hyperliquid trader flips $3M into $27.5M during crypto rally
A crypto trader profited over $27 million on decentralized exchange Hyperliquid after placing high-leverage, all-long bets during a major market rally.
CANTO Rises From the Ashes, Spiking 250% Before Crashing Back Down
CANTO, the native token its namesake’s layer-1 blockchain, experienced a volatile trading session on Thursday, rising by 250% before losing 60% of its value over the subsequent six hours. The platform had lost the majority of its TVL (total value locked) and trading appetite after a feverish launch last year that saw it reach a … Read more
The Switch 2 will finally back up screenshots to the cloud
Nintendo has updated its Switch mobile app with new features and functionality for the Switch 2. | Screenshots: Nintendo Switch App Nintendo released an update to its Switch Online mobile app yesterday renaming it to simply the Nintendo Switch App and adding support for the Switch 2, which releases on June 5th. Alongside Switch 2 … Read more
Apple to change the way it names operating systems, report says
Apple will reportedly change the way it names its operating systems, per a Bloomberg report. Operating systems will now be named by year, meaning the update after the current iOS 18 will be iOS 26 rather than, say, iOS 19. The change paves the way for a less confusing, more consistent branding among Apple products. … Read more
Volteras wants to connect to more EVs than anyone else
Volteras has raised $11.1 million to expand its connected car offerings to automakers and companies that want to interact with EVs.
Telegram Raises $1.7B Via Convertible Bonds: Bloomberg
Telegram has secured $1.7 billion by issuing five-year convertible bonds, aiming to refinance existing liabilities and push out repayment deadlines. The messaging app, which now counts over 1 billion users, will use $955 million of the new funds to buy back bonds maturing in 2026, Bloomberg reports. The remaining $745 million gives the company fresh … Read more
Learning C3
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A Pokémon battle simulation engine
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The New York Times’ first generative AI deal is with Amazon
The New York Times has struck a multi-year AI licensing deal with Amazon that will bring its “editorial content to a variety of Amazon customer experiences,” the outlet announced on Thursday. Under the agreement, Amazon will include summaries and short excerpts of The Times’ content in products like Alexa, and will also use Times articles … Read more