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A 36-year-old Long Island real estate attorney was indicted Wednesday for allegedly using $1.2 million stolen from escrow accounts to pay for strip clubs, night clubs and luxury lifestyle purchases “unrelated to the victims’ real estate transactions.” Terrance Dougherty of Oyster Bay pleaded not guilty to multiple counts of grand larceny and plotting to defraud, according to the Nassau County District Attorney’s Office. “Instead of acting as a fiduciary and safeguarding his clients’ funds, this defendant allegedly burned through their money on high-roller nights out at gentleman’s clubs and other entertainment venues,” District Attorney Anne Donnelly reportedly charged. Prosecutors said…

Retail investors are running out of time to accumulate Bitcoin as institutional adoption accelerates, according to Sergej Kunz, co-founder of exchange aggregator 1inch. Bitcoin (BTC) is evolving into an alternative reserve currency, propelling institutional demand and potentially pricing out retail investors, Kunz said during Cointelegraph’s LONGITUDE event in Dubai. “Every retail user should be thinking about getting at least one Bitcoin — very soon they won’t be able to afford it,” Kunz said. If the United States starts buying Bitcoin for a strategic reserve, even smaller countries may soon struggle to acquire the cryptocurrency, he added. “I’m pretty sure we’ll soon see…

A Queens man accused of pushing his ex to the floor while trying to get back the $28,000 engagement ring he bought her was slapped with a restraining order — and he couldn’t be happier about it, his lawyer said Thursday. Carlos Lora Diaz, 38, and his sister, Lucie Lora, 34, were arraigned in Queens Criminal Court on charges of attempted robbery and attempted grand larceny days after Lora Diaz’ former fiancee told cops the siblings knocked her down in a dispute over the ring. “We are very happy to have the order of protection here because my client agrees…

FutureHouse, an Eric Schmidt-backed nonprofit that aims to build an “AI scientist” within the next decade, has launched its first major product: a platform and API with AI-powered tools designed to support scientific work. Many, many startups are racing to develop AI research tools for the scientific domain, some with massive amounts of VC funding behind them. Tech giants seem bullish, too, on AI for science. Earlier this year, Google unveiled the “AI co-scientist,” an AI the company said could aid scientists in creating hypotheses and experimental research plans. The CEOs of AI companies OpenAI and Anthropic have asserted that…

Key takeaways:Bitcoin (BTC) price jumped to new quarterly highs at $96,700 on May 1, a day after the US GDP contracted -0.3% for the first time since Q2 2022. Amid heightened economic concerns, the probability of a Federal Reserve interest rate cut rose to 62.8% for the June 18 Federal Reserve meeting. Over the past 24 hours, short position liquidations exceeded $137 million, with Alphractal founder Joao Wedson observing that BTC’s price momentum continues to favor bullish trends.Bitcoin aggregated liquidation heatmap. Source: X.comPeter Brandt predicts a $150K Bitcoin top by Q3In a recent post on X, veteran trader Peter Brandt…

Cryptocurrency can accelerate artificial intelligence adoption by helping AI startups onboard users, according to Polygon’s co-founder Sandeep Nailwal. “You can use crypto incentives and disincentives to onboard users to onboard the ecosystem players,” Nailwal said during a panel discussion at the LONGITUDE by Cointelegraph event. He added that projects with effective onchain incentive structures might even “build a better AI because you have this incentive engine that brings in developers,” Nailwal said on May 1. Cointelegraph’s LONGITUDE is an event series that brings together leaders and innovators from the blockchain and Web3 space for exclusive discussions. Joining the panel, Illia Polosukhin,…

Paolo Ardoino, CEO of stablecoin issuer Tether, addressed criticism over the company’s decision not to seek registration under the European Union’s Markets in Crypto-Assets (MiCA) framework, arguing that the regulations were risky for stablecoins.Speaking to Cointelegraph at the Token2049 conference in Dubai, Ardoino reiterated that Tether had no plans to apply for its US dollar-pegged stablecoin USDt — the largest by market capitalization — to be compliant under MiCA in European countries, potentially forcing exchanges to delist the stablecoin. He added that though crypto firms had to follow regulations, there was a “fear of compliance” among companies in the EU.“[…]…

‘Tis the week for small AI models, it seems. On Thursday, Ai2, the nonprofit AI research institute, released Olmo 2 1B, a 1-billion-parameter model that Ai2 claims beats similarly-sized models from Google, Meta, and Alibaba on several benchmarks. Parameters, sometimes referred to as weights, are the internal components of a model that guide its behavior. Olmo 2 1B is available under a permissive Apache 2.0 license on the AI dev platform Hugging Face. Unlike most models, Olmo 2 1B can be replicated from scratch; Ai2 has provided the code and data sets (Olmo-mix-1124, Dolmino-mix-1124) used to develop it. Small models…

Nvidia clearly doesn’t agree with Anthropic’s support for export controls on U.S.-made AI chips. On Wednesday, Anthropic doubled down on its support for the U.S. Department of Commerce’s “Framework for Artificial Intelligence Diffusion,” which would impose sweeping AI chip export restrictions starting May 15. The next day, Nvidia responded with a very different take on the upcoming controls. “American firms should focus on innovation and rise to the challenge, rather than tell tall tales that large, heavy, and sensitive electronics are somehow smuggled in ‘baby bumps’ or ‘alongside live lobsters,’” a spokesperson for Nvidia told CNBC, in reference to Anthropic’s…

Summary The original Nier creators are collaborating on a new project, and many believe it could be a new entry in the series. Square Enix recently celebrated Nier’s 15th anniversary with a livestream, teasing a new novel, upcoming concerts, and merch. The original creative leaders of the Drakengard franchise’s spinoff series are working on a new game together, and many suspect it could be a third mainline Nier title. The original Nier was released in 2010, but it was its 2017 follow-up, Nier: Automat,a that largely put the series on the map. Since then, a 2021 remaster of the original…