Demand for Bitcoin Grows After Halving

Data published today from Cointelegraph Markets and Arcane Research found that despite investor concerns over the block reward halving disincentivizing miners and possibly compromising the security of the network, demand for Bitcoin continues to rise globally. Proof of increasing adoption is supported by the total number of functioning Bitcoin ATMs rising to 8,000, a more than 90% increase since 2019. Bitcoin ATM operator, Coinstar, also reported a 40% increase in Bitcoin ATM use since February of this year. Real BTC daily volume vs. BTC Price. Source: Messari Bitcoin gains and…

Lawsuit Claims Nvidia Misrepresented $1B in 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 that sales to miners represented over half of the company’s total sales. Nvidia was hit with a spate of lawsuits from investors after its…

Dear JK Rowling: Bitcoin is Magic

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 instantly, cheaply and securely, without the need for any centralized, Goblin-based banking authority. Chapter 1: The White…

When Lambo? Lamborghini Launches Blockchain-Based Collectible Stamps

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 brand cars. The first stamp from the Automobili Lamborghini Collection is devoted to the Huracán EVO RWD Spyder, a new…

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

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” as a result of this expansion. Prior to this, it had already been offering services in Asia and the US. When…

OKEx Exec Calls Binance’s CoinMarketCap Ranking ‘Shameless’

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 after the data site changed the rationale by which it composed its list. CMC now shows exchanges ranked in order…

Bloomberg Is NOT Giving Out BTC on Youtube

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 mechanism. All related videos have since been removed by YouTube. Screenshots Of YouTube Streams.…

Institutional Crypto Trading Platform Raises $17M Despite Economic Slowdown

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 — exchanges, and dark pools — including market makers, miners, and proprietary trading firms, through a single counterparty. Speaking to Cointelegraph a FalconX…

Store Coupons are a Great Example of Enterprise Blockchain Usage

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 coupons The Coupon Bureau is a non-profit organization that Harmon called “the heart of the coupon industry in…