Welcome to the Tech Mem Right Home for Thursday, June 27th, 2024. I'm Brian McCullough.

Today is Uncle Sam about to unload a ton of Bitcoin. AI has helped Google translate almost double the

number of languages it supports. No surprise but Amazon is going to take a page out

of Temu's book, Figma's big redesign and another way the AI era is rhyming with the

dot-com era. The consultants are back. Here's what you miss today in the world of

tech.

There's a bit of trepidation in the Bitcoin markets today which, okay Brian, what else is new,

except this is a little unusual listen to this lead from Coin Desk.

Quote, Bitcoin fell back towards $60,000 on Wednesday

after a wallet tagged to the US government

moved about $240 million worth of seized BTC to a coin-based prime address, igniting

concerns among traders that the digital assets are likely to be sold. Some 3,940 Bitcoin originally seized from a Silk Road vendor was moved by the

wallet according to an Arkham Intelligence social media post. This BTC was originally seized

from narcotics trafficker Band Meats Singh and forfeited at trial in January

2024 the post said the last movement by the government which in late 2022 seized roughly

50,000 Bitcoin related to the Silk Road website was worth $2 billion

on April 2nd, which at the time also put pressure on digital markets.

The last confirmed sale by the government was in March

2023 when it unloaded 9,861 coins for 216 million dollars, end quote.

You know, people don't want to be on the other side of a whale unloading their bags and I

guess the U.S. government probably counts as a whale in this case obviously.

Google has added support for 110 new languages in Google Translate.

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