Crypto Twitter Fails to Explain Bitcoin to an Exhausted JK Rowling

Harry Potter author, J.K. Rowling, recently asked for an explanation of Bitcoin (BTC) on Twitter, bringing an onslaught of commentary from the crypto community.  “This started as a joke, but now I’m afraid I’ll never be able to log in to Twitter again without someone getting angry I don’t own Bitcoin,” Rowling tweeted on May 15, adding:    One day you’ll see a wizened old woman in the street, trying to trade a Harry Potter book for a potato. Be kind. She did try to understand.” Nearly the entire crypto…

Ngrave Onboards Crypto OGs As Advisors

Digital asset security firm, Ngrave, announced two new advisors in May so far — Michael Terpin, a pioneering crypto investor who co-founded BitAngels in 2013, and renowned cryptographer Jean-Jacques Quisquater, who is quoted in the Bitcoin (BTC) whitepaper. The appointments come ahead of Ngrave’s launch of sales for its Zero hardware wallet — which goes on sale via Indiegogo on May 26. Pioneering crypto investor Michael Terpin joins Ngrave On May 15, Ngrave revealed its appointment of Michael Terpin, announcing that he would be tasked with advising the firm on…

PlusToken Scammer Implicated in China’s Second Ten-Figure Crypto Ponzi

The scam, Wotoken, took in roughly $1 billion worth of crypto at current prices from over 715,000 victims. One of the scam’s core operators is purportedly linked to PlusToken — a multi-billion Ponzi that is believed to have impacted the price trajectory of Bitcoin (BTC) on numerous occasions throughout 2019. China’s second ten-figure Ponzi busted Earlier today, Chinese media outlet, Qianba, reported that a case surrounding “super large MLM network” Wotoken had opened for trial on May 14 in Yancheng City. The scam claimed to generate returns for users through…

Former Bakkt CEO Hands Documents to DoJ Amid Insider Trading Controversy

The former chief executive officer of both Bakkt and the New York Stock Exchange’s parent company Intercontinental, U.S. Senator Kelly Loeffler, has handed over documentation concerning her trading activities to the U.S. Justice Department, or DoJ, the Securities and Exchange Commission (SEC), and the Senate Ethics Committee. Loeffler is seeking to quell widespread accusations of improper trading, after the third party managing Loeffler and her partner’s portfolio offloaded millions in shares shortly after the senator attended a closed-door senate hearing on coronavirus in January. In a statement issued on May…

Classic Trendline Breakout Sets Bitcoin for $10K Retest, Traders Say

The price of Bitcoin (BTC) dropped to as low as $9,100 on May 15 following a strong rejection at $9,900. In the short-term, traders still anticipate another upsurge to the $10,000 area, or at least to the $9,800 resistance level. Crypto market daily price chart. Source: Coin360 Bitcoin at a critical point that may decide its trend in Q3 2020 Top traders expect the price of Bitcoin to surge to $9,800 after the price demonstrated a classic technical pattern known as a falling wedge breakout. In the last 36 hours,…

Review: Documentary Film – Monero Means Money

You may recall that an independent film about Monero recently topped the United States box-office charts, with gross sales of just $3430, mainly thanks to the mass closure of cinemas during the COVID-19 pandemic. The film’s producer, Justin Ehrenhofer, recently got in touch with Cointelegraph to let us know that Monero Means Money is now available to stream for free on YouTube — so we decided to review it. Elephant in the room Let’s get this out of the way first. Monero Means Money is not a documentary film in…

Venezuela Appears to Have Hard Forked The Petro

On May 5, Venezuela’s government announced that its controversial oil-backed cryptocurrency, El Petro, would go offline for maintenance until May 10. However, observers have since identified that the official Petro block explorer now lists May 5, 2020, as the date that its genesis block was mined.  Other block explorers record Oct.13, 2018, as the date for Petro’s genesis block — suggesting that there is more than one Petro chain currently in existence. Petro suspected of quietly forking After the maintenance was completed, the National Superintendency of Cryptoassets announced it had…

Majority of TON Investors Reportedly Choose to Quit for 72% Refund

On May 12, Telegram officially terminated its involvement in its planned blockchain project, the Telegram Open Network, and its corresponding GRAM token. Apparently ending its long-running legal battle with the United States’ regulators, Telegram still needs to sort out $1.7 billion raised in an initial coin offering, or ICO, in 2018. Prior to abandoning the troubled TON project, Telegram CEO and founder Pavel Durov introduced a reimbursement scheme, offering TON investors two choices — immediate 72% refund, or a 110% refund  in 12 months. Major $70 million investor is preparing…

Cryptocurrency News From Japan: May 10

This week’s headlines from Japan included SBI Holdings pairing up with Redstone Digital for a joint venture fund, LayerX teaming up with GMO Aozora for digitalization research, Decurret working to put aspects of the health system on the blockchain with Tokio Marine & Nichido Fire Insurance, BitFlyer exchange releasing a commercial, and a data company producing a report on crypto in Japan.  Check out some of this week’s crypto and blockchain headlines, originally reported by Cointelegraph Japan. SBI Holdings starts up joint venture fund with Redstone Tokyo-based SBI Holdings has paired…

Someone Was Propping Up the Bitcoin Cash Hashrate at a Loss in April

Since it was first launched back in August 2017, Bitcoin Cash (BCH) has failed to make an impact in terms of metrics like price and trading volume. Having said that, the altcoin, whose roots can be found in the epic Bitcoin (BTC) scaling debate of the mid-2010’s, still has its hardcore supporters. And new research shows these supporters are willing to mine BCH even when it would be more profitable to mine on the Bitcoin network. Data shows someone is propping up Bitcoin Cash Luxor Mining Pool Operator, Ethan Vera,…