Monthly Archives: May 2020

Lawsuit Claims Nvidia Misrepresented $1B in Sales to Crypto Miners

An amended complaint accuses Nvidia of misrepresenting over $1B in sales to downplay the firm’s reliance on sales to crypto miners. An amended class action complaint filed against Nvidia Corp has accused the firm of violating the Securities Exchange Act by downplaying the extent to which its gaming revenues relied on GPU sales to cryptocurrency miners. The complaint, filed May 14, claims that Nvidia issued deliberately misleading statements that understated more than $1 billion in GPU sales relating to crypto miners during 2017 and 2018. Claims estimate […]

More info

How Investors Are Presented With Bitcoin: ‘A New Decentralized Monetary Asset, Akin to Gold’

Bitcoin (BTC) is a compelling investment case “for patient, long-term investors” willing to spend the time to understand the top cryptocurrency, a new paper by Paradigm co-founder managing partner Matt Huang notes. The crypto entrepreneur places BTC besides gold, as a go-to store of value, amid unprecedented stimulus spending by governments during the Covid-19 crisis. “Bitcoin is likely to earn a place alongside gold as a sensible part of many investment portfolios,” Huang says in a paper aimed at reaching out to conventional investors, “Bitcoin for the […]

More info

Dear JK Rowling: Bitcoin is Magic

Don’t worry, Mrs. Rowling. We’ll have you understanding Bitcoin before you can say “Quidditch”. As part of a recent tweet calling all novelists to message her with their questions on Bitcoin, journalist Leigh Cuen publicized a tweeted response from none other than beloved Harry Potter author, J.K. Rowling.    “I don’t understand Bitcoin,” Rowling said, adding, “Please explain it to me.” Dear JK Rowling: The first thing you need to understand is that Bitcoin is magic. It allows you to exchange money with anyone in the world […]

More info

When Lambo? Lamborghini Launches Blockchain-Based Collectible Stamps

Lamborghini is launching its first blockchain-based collectible digital stamps to ensure history and uniqueness of each piece. Lamborghini, a famous Italian manufacturer of luxury sports cars, continues to utilize the Blockchain in its corporate operations. Among the latest technology developments, the well-known brand is applying blockchain to digitize its collectible stamps. Lamborghini is launching its first collectible digital stamps, the “Automobili Lamborghini Collection.” Powered by blockchain technology, the new collection is a series of collectible digital stamps dedicated to the history of the world’s most iconic luxury […]

More info

Crypto.com Claims Its Card Is ‘Most Widely Available’ After European Expansion

Crypto.com’s debit Visa cards are now available in all EU states as the company aims for global presence. Payments and cryptocurrency platform, Crypto.com, announced a broad European launch of its MCO Visa cards. The cards will soon ship to 31 countries in the region, according to the company’s blog post, published May 15.  The company’s European presence now covers all 27 EU member states, as well as Switzerland, the UK, Iceland, and Norway. The firm claims to have “the most widely available crypto card in the world” […]

More info

OKEx Exec Calls Binance’s CoinMarketCap Ranking ‘Shameless’

OKEx’s chief strategy officer does not agree with CoinMarketCap’s recent exchange ranking changes, calling the site “dead.” OkEx chief strategy officer, Alysa Xu, called out crypto data site CoinMarketCap, or CMC, for its recent exchange ranking rationale, proclaiming the platform dead.  “Fairness and justice are the basis of all rankings,” Xu said in a May 15 post on Chinese microblogging site Weibo. “CMC is dead, and we mourn together tonight.” CoinMarketCap recently changed its ranking metrics Binance recently rose to the top of CMC’s crypto exchange rankings […]

More info

Reality Check: Bloomberg Is NOT Giving Out BTC on Youtube

Scammers impersonating Michael Bloomberg BTC giveaway on YouTube want your Bitcoins. Scammers are streaming Michael Bloomberg speeches on YouTube, claiming that the former presidential candidate is giving away free Bitcoin (BTC).  Michael Bloomberg BTC Giveaway May 14, there were at least two such incidents with an apparent combined audience of almost 60,000. The scammers asked viewers to send between 0.1 BTC and 250 BTC to the video’s Bitcoin address, promising to return double their value. The channel alleged that Michael Bloomberg was facilitating crypto adoption through this […]

More info

Price Analysis 5/15: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, XLM

The action in altcoins has become coin specific, meaning, traders should remain with those that are in an uptrend as they are likely to follow Bitcoin if it moves higher. A month after the first halving, Bitcoin (BTC) moved up by 7% but following the second halving, the price slipped by 10% in a month. This suggests that if history were to repeat itself, the top-ranked cryptocurrency on CoinMarketCap will remain volatile but a large move in either direction is unlikely in the first month. However, the […]

More info

Institutional Crypto Trading Platform Raises $17M Despite Economic Slowdown

Amid the COVID-19 slowdown, institution-facing liquidity aggregator FalconX has raised $17 million from top VCs in the crypto space. Institution-facing liquidity aggregator, FalconX, has announced a $17 million fundraising round including participation from Coinbase Ventures, Accel, and a venture capital firm associated with FMR LLC — the parent company of Fidelity Investments. FalconX will use the funds to scale its infrastructure, introduce new products, and expand its trade execution engine. Institutional liquidity aggregator raises $17m FalconX trades as principal, offering institutions access to both lit pools — […]

More info

Hedera CEO: Store Coupons are a Great Example of Enterprise Blockchain Usage

In the second part of Cointelegraph’s interview with Mance Harmon, he talks about blockchain-based coupons. After talking about Hedera’s Consensus-as-a-Service model in the first part of Cointelegraph’s interview, Hedera CEO Mance Harmon mentioned one specific use case of enterprise blockchain to organize industry cooperation. Like with public blockchains, enterprise-based solutions are a way of coordinating participants of an ecosystem who cannot rely on trusting each other.  When asked about specific examples of industries benefiting from blockchain, Harmon referred to one of their clients, the Coupon Bureau. Blockchain-secured […]

More info
1 2 3 5