Tag: Report

France arrests over 12 suspects linked to crypto kidnappings: Report

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French authorities have arrested more than 12 people who have been linked to two high-profile crypto kidnapping cases in Paris, France, local media reports. Those arrested include several minors, with charges against them including kidnapping, attempted kidnapping and criminal conspiracy, Le Parisien reported on May 26. French investigators are exploring the possibility that a criminal organization is behind two recent crypto-linked kidnapping cases, with social media networks being used for recruitment. In one recent alleged kidnapping attempt on May 13, three men tried to snatch the daughter and grandson of…

Meta’s AI boss says current AI lacks ‘intelligent behavior’ — Report

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Current artificial intelligence models lack the major traits of human intelligence, Meta’s AI chief has reportedly said, claiming that the firm’s latest model will solve this issue.  Business Insider reported on May 26 that at the AI Action Summit in Paris earlier this year, Meta chief AI scientist Yann LeCun said that “there are four essential characteristics of intelligent behavior that every animal, or relatively smart animal, can do, and certainly humans.”  “Understanding the physical world, having persistent memory, being able to reason and being able to plan complex actions,…

Trump Media eyes $3b to spend on crypto investments: report

Trump Media Group is eyeing a $3 billion raise with plans to spend the money on fresh investments within the cryptocurrency ecosystem, the Financial Times reported on May 26 2025. Citing sources familiar with the matter, the report says TMTG plans to raise $2 billion through fresh equity and another $1 billion via a convertible bond. Proceeds from the raise are expected to fund new crypto investments, including allocations to Bitcoin (BTC). Sources have told Financial Times that an announcement to this effect could come as soon as this week,…

Trump Media Group to raise $3B for Bitcoin treasury — Report

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Trump Media and Technology Group, the company behind US President Donald Trump’s Truth Social platform, is planning to raise $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other cryptocurrencies, the Financial Times reported. The move would position the company to follow the footsteps of crypto treasury companies like Strategy. Trump Media will issue $2 billion in equity and $1 billion in convertible bonds, a type of asset that can be converted into equity at a later date. The size of the raise may change,…

Trump Media Group denies it’s raising $3B for crypto buys: Report

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Update (May 26, 9:27 pm UTC): This article has been updated to include a statement from Truth Media and Technology Group. Trump Media and Technology Group, the company behind US President Donald Trump’s Truth Social platform, has rebuffed a report that it’s planning to raise $3 billion in a mix of equity and convertible bonds to buy Bitcoin and other cryptocurrencies. The Financial Times reported the company’s plan on May 26, citing six people briefed on the matter, but Trump Media told the outlet that, “apparently the Financial Times has…

Nvidia plans to make cheaper AI chips for China: Report

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Nvidia will reportedly launch a new lower-cost artificial intelligence chip specifically for China, following restrictions on exporting its more expensive model. Nvidia plans to start mass production of the new AI chips in June, which will be part of the firm’s latest generation of AI chips, Reuters reported on May 26, citing people familiar with the matter. The company plans to sell it for between $6,500 and $8,000 owing to its lower specifications and simple manufacturing requirements — cheaper than the some $10,000 to $12,000 Nvidia’s recently restricted H20 model…

Blockchain security firm releases Cetus hack post-mortem report

Blockchain security firm Dedaub released a post-mortem report on the Cetus decentralized exchange hack, identifying the root cause of the attack as an exploit of the liquidity parameters used by the Cetus automated market maker (AMM), which went undetected by a code “overflow” check. According to the report, the hackers exploited a flaw in the most significant bits (MSB) check, allowing them to manipulate the values for the liquidity parameters by orders of magnitude and establish relatively large positions with a keystroke. The Dedaub security researchers wrote: “This allowed them…

Singaporean Crypto Investors Boost XRP Holdings to 17%: Report

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

US tourist drugged by fake Uber driver and robbed of $123K BTC — Report

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An American tourist in the United Kingdom was reportedly drugged by an individual posing as a taxi driver, who stole the tourist’s $123,000 in Bitcoin stored on a cell phone. According to a report from My London, Jacob Irwin-Cline went out to a London bar and had several drinks before calling an Uber to take him home. Cline said that he did not thoroughly check the details of the Uber ride on his phone and left with a random private cab driver resembling the Uber driver at first glance, but…

Yield-bearing stablecoins surge to $11B, now 4.5% of market: Report

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Yield-bearing stablecoins have soared to $11 billion in circulation, representing 4.5% of the total stablecoin market, a steep climb from just $1.5 billion and a 1% market share at the start of 2024. One of the biggest winners is Pendle, a decentralized protocol that enables users to lock in fixed yields or speculate on variable interest rates. Pendle now accounts for 30% of all yield-bearing stablecoin total value locked (TVL), roughly $3 billion, the firm said in a report shared with Cointelegraph.   Pendle noted that stablecoins make up 83% of…