Nvidia hoax costs Hedera $1 billion in market value

Distributed ledger cryptocurrency platform Hedera (HBAR) has suffered a massive capital outflow of almost $1 billion after it turned out that news of a collaboration with semiconductor giant Nvidia (NASDAQ: NVDA) was a hoax. The false report claimed that Nvidia was exploring ways to integrate Hedera’s technology for real-time verification of artificial intelligence-generated data.  Investors reacted swiftly, pumping HBAR’s market capitalization by about $2 billion and pushing the value to approximately $6.99 billion on April 8 source: https://finbold.com/nvidia-hoax-costs-hedera-1-billion-in-market-value/