ALSO: Graphics-chip manufacturer Nvidia’s powerful GPUs were well-suited for bitcoin mining, but they now seem primed to boost the company’s sales because of their usefulness in artificial intelligence technology, which is rising in importance. Original
Gideon Nweze, the founder and CEO of the newly launched Digital Bitcoin Art and Assets (DIBA) nonfungible token (NFT) marketplace, believes there’s an alternative way to bring NFTs to Bitcoin that doesn’t impact block space and transaction fees. Nweze recently put this belief to the test, launching a beta version of his NFT marketplace on May 19. Rather than using Ordinals, it leverages the RGB Smart Contract Protocol to mint NFTs on top of the Bitcoin (BTC) network. Since the introduction of Ordinals Protocol in January, Bitcoin-based NFTs and tokens have…
Circle, a leading stablecoin issuer, has introduced Euro Coin (EUROC) on Avalanche, marking a strategic step towards providing faster and more efficient payment solutions and financial services to developers and users. This launch is part of Circle’s comprehensive multi-chain strategy for EUROC, aimed at expanding its reach and functionality. By offering EUROC on the Avalanche network, Circle enhances the liquidity of the stablecoin and empowers users with the flexibility to transact in euros, complementing their existing USD-backed stablecoin, USD Coin (USDC). This development opens up new avenues for seamless and…
The highly-anticipated virtual sneaker sale on .SWOOSH faced persistent delays, leaving some users frustrated. Meanwhile, Nike has so far labeled the release as a success. Source
“Since the time I wrote Woke, Inc.,” Ramaswamy explained, “DeSantis has studied it and he has adopted many of the proposals as his own, and I think that’s a good thing. I’m not sure he has the same understanding of it that I do, be it central bank digital currencies or Bitcoin. But that’s okay. He’s saying the right things.” Original
The shutdown of the unit, which provides trading services to institutional investors, will be effective as of May 31, a DCG spokesperson told CoinDesk in an emailed statement. “Due to the state of the broader economy and prolonged crypto winter, along with the challenging regulatory environment for digital assets in the U.S., we made the decision to sunset the institutional trading platform side of the business, known as TradeBlock, effective May 31, 2023,” the spokesperson said. Source
But assets of all stripes seemed largely unmoved by Thursday’s jobs data, which showed 229,000 Americans filing unemployment benefits last week, well below the anticipated 245,000, and the U.S. economy expanding 1.3%, the third consecutive quarter of growth. Earlier this year and throughout 2022, such news might have sent digital assets cascading, but CoinDesk analyst on Thursday highlighted a shift in the good-economic-news-leads-to-lower-crypto- prices narrative. Original
Etonec’s partnership with decentralized exchange Lumina DEX will use zero-knowledge technology to create a sort of permissioned pool, a liquidity pool market that is compliant with AML regulations. This will hopefully allow the DeFi community to attract more institutional investors to the space and grow, Jonathan Knoll, co-Founder and head of strategy at Etonec, told CoinDesk. Source
Facebook’s ambitious 2019 stablecoin project never went live. But it sure left a lasting impression. This feature is part of our CoinDesk Turns 10 series looking at the biggest stories in crypto history. Source
“Fishman alleges Grebnev misappropriated funds backing certain crypto projects. In addition, Fishman claims Grebnev entered into a business relationship with him and then terminated it upon Sam Bankman-Fried offering Grebnev funds. Fishman contends that Grebnev stole his ideas,” the person told CryptoX. Source AlamedaBackedAlexCEOCointelegraphFishmanGrebnevGregoryownerSamcoinsSued CryptoX Portal