CoinmarketCap Sparks Backlash! Meta Told to Stop Using Its Logo [Crypto Espresso 05.3.22]

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🔵 CoinMarketCap Daily:

• Historical Data Suggests Where Bitcoin’s Price Could Head in May

Since 2013, Bitcoin has ended up in positive territory five times in May — while suffering losses in the remaining four.

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• SEC Crypto Crime Unit to Double in Size… and Given New Name

SEC chairman Gary Gensler says the move is in response to the growing number of investors gaining exposure to crypto.

• Meta Told to Stop Using Its Logo Because It’s Too Similar to Dfinity’s — Legal Action Begins

Lawyers representing Dfinity, which is responsible for developing the Internet Computer blockchain, fear that the similar logos will end up confusing customers.

• ‘Provably False’: Crypto Execs Challenge Politicians’ Claims about Bitcoin Mining

The letter rejects claims that a single Bitcoin transaction could power the average U.S. household for a month — and insists it uses as much energy as a tweet or a Google search.

• in Crisis Mode as Card Rewards Reduction Sparks Backlash

The embattled company had said the controversial changes were being introduced to “ensure long-term sustainability.”

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