Here are the top cryptocurrency and blockchain stories for this week.
by Chaim Gartenberg, The Verge
It’s still very early in the game, but the company is said to be looking into cryptocurrency facilitating payments on its platforms. Facebook marketplace currently handles in-person transactions better, a la Craigslist, but Messenger is seriously pushing to enable payments. As Facebook seeks to find its way into digital payments, cryptocurrency may be the answer.
by Timothy B. Lee, Ars Technica
Nvidia’s profit reports show two straight quarters of profits thanks almost entirely to the cryptocurrency mining frenzy. Thursday’s earnings call pegged it at $289 revenue (10 percent of the company’s total) came from cryptocurrency. GPU and graphics card prices remain high as Nvidia juggles how to appease both miners and gamers.
by Brian Penny, Crypto Briefing
Pornhub’s partnership with Verge made it a media darling almost overnight. Its roots are in Dogecoin, the memecoin that spawned a copycat in Dogecoindark. Rebranded to Verge, it soon obtained key partnerships, including the largest porn network online.
by Shinhye Kang and Heejin Kim, Bloomberg
Upbit is the fourth biggest cryptocurrency exchange in the world, hosting over $1.5 billion in crypto trades every day. Now it’s under investigation by South Korean authorities looking to crack down on speculative trades. It’s unclear yet what (if anything) they’re being charged with.
by Tawanda Karombo, CCN
Several blockchain experts provided presentations and testimony to the Congressional hearing of the U.S. Subcommittee on Oversight and Subcommittee on Research and Technology. Supply chain and oversight are just a few issues discussed during this week on the hill.
Watch: First Teaser For ‘Beyond Bitcoin’, Blockchain Doc Bought In Seven-Figure Deal For ‘BVOD’ Platform Binge – Cannes
By Andreas Wiseman, Deadline
Hollywood is inundated with new companies looking to disrupt the entertainment industry using blockchain. The latest project is this documentary on Ryan Radloff, Perianne Boring, and Roger Ver over the course of one year attempting to redefine money and power in the digital world.