Author: GT

A Bitcoin user accidentally paid nearly 0.75 BTC in transaction fees, worth around $60,000, after making a panic-driven error on April 8, 2025. This mistake occurred when the user tried to use the replace-by-fee (RBF) feature to adjust an unconfirmed transaction. The user’s initial transaction featured a conservative fee, but after realizing the first transaction was unlikely to be processed in time, they attempted to replace it with a higher fee. However, in their rush, they ended up setting the fee much too high, leading to the overpayment. The second RBF transaction sent out a total of 0.75 BTC, which…

Jeff Bezos is funding a secretive EV startup based in Michigan called Slate Auto that could start production as soon as next year, according to multiple sources and documents that link the billionaire’s family office to the startup. Slate, which took root in another Bezos-connected company called Re:Build Manufacturing, has been operating quietly since its founding in 2022. The company has hired hundreds of employees while in stealth — many of whom come from Ford, General Motors, Stellantis, and Harley-Davidson. It also attracted the backing of several other wealthy individuals, including Mark Walter, the controlling owner of the LA Dodgers…

Bitcoin could challenge gold as a hedge against inflation over the next decade, according to Blockstream CEO Adam Back. Speaking at Paris Blockchain Week 2025, Back pointed to rising inflation and the growing adoption of cryptocurrency as key drivers of Bitcoin’s future appeal. He compared Bitcoin’s potential to gold, noting that while both are scarce assets, Bitcoin is also undergoing an adoption curve. This makes it a compelling alternative for investors seeking a store of value. Global inflation has been rising, especially in the U.S. and Europe, partly due to the increased supply of money. Major currencies like the U.S.…

Last week, details emerged about an application that fintech giant Stripe had submitted for a U.S. banking license. There was a lot of chatter on X about whether this meant Stripe — already the largest privately valued fintech in the world — would now be adding “bank” to the list of descriptions of what it does. The short answer is: No. What is true is that this marks the first time that Stripe has applied for a banking license. But what may not be as clear is that the scope of the license is a very narrow one. This license…

A new company, Deep Cogito, has emerged from stealth with a family of openly available AI models that can be switched between “reasoning” and non-reasoning modes. Reasoning models like OpenAI’s o1 have shown great promise in domains like math and physics, thanks to their ability to effectively fact-check themselves by working through complex problems step by step. This reasoning comes at a cost, however: higher computing and latency. That’s why labs like Anthropic are pursuing “hybrid” model architectures that combine reasoning components with standard, non-reasoning elements. Hybrid models can quickly answer simple questions while spending additional time considering more challenging…

The media business is tough: Entrepreneurs must navigate fierce competition, fickle tastes, and an audience that expects content to be free. Despite all this, Jason Yanowitz believes he has figured out how to build a profitable media business around the niche of crypto, even at a time when leading rivals have stumbled. He says the firm he cofounded, Blockworks, is pursuing a growth strategy that is on track to pull in over $30 million in revenue this year, while adding a new business line of selling data in addition to its existing ones of news, events, research, consulting, and podcasts.…

Instagram head Adam Mosseri says the company is looking to improve the app’s search functionality, admitting this is an area where Instagram could do more to compete. The remarks, made on a recent episode of the “Build Your Tribe” podcast, come at a time when younger Gen Z users often turn to social apps like TikTok for answers, instead of using traditional search engines. Instagram is in that mix, too, of course, but it knows its position could be stronger. “We’re … starting to invest more in search on Instagram because there’s so much amazing content,” he said. “And quite frankly,…

“Hi Curly, kill anyone today,” said Billy Crystal’s Mitch to Jack Palance’s Curly in City Slickers. “Day ain’t over yet,” replied Curly. Bernstein, though, is ready to call it a day, saying bitcoin’s (BTC) being down just 26% from its record high of less than three months ago shows resilience. Previous crises, such as the Covid-19 epidemic and interest rate shocks, saw the world’s largest cryptocurrency “fall of the cliff” with 50-70% drawdowns, the report noted. The price action “suggests demand from more resilient capital,” the analysts led by Gautam Chhugani wrote. “Bitcoin’s digital gold thesis has strengthened driven by…

If you ever call 911 from an area that’s hard to get to, you might hear the buzz of a drone well before a police cruiser pulls up. And there’s a good chance that it will be one made by Brinc Drones, a Seattle-based startup founded by 25-year-old Blake Resnick, who dropped out of college to run the company. Brinc, which was founded in 2017 and counts OpenAI CEO Sam Altman as a seed-stage investor, just announced today that it has raised $75 million in new funding led by Index Ventures. This brings the startup’s total funding to $157.2 million.…

Borrowing demand across decentralized finance (DeFi) protocols plunged sharply in the wake of the recent crypto market turmoil, a sign of widespread deleveraging as crypto investors unwound risky positions. The average U.S. dollar stablecoin yield — what protocols pay out to lenders for lending out their assets — fell to 2.8% on Tuesday to its lowest level in a year, measured by DeFi yield-earning application vaults.fyi’s benchmark. That’s well below the average U.S. dollar money market rates on traditional markets (4.3%), and a hefty decline from mid-December’s crypto market peak, when DeFi rates topped 18%. “This is largely due to…