cryptocurrency

Nvidia has just shared an interesting opinion on cryptocurrencies. According to the chipmaker, crypto doesn’t “bring anything useful for society.” The computational power of the best graphics cards is better spent elsewhere, says Nvidia. What’s a better use for Nvidia GPUs? Like many others right now, Nvidia seems to be all about AI, and it appears to have a special interest in chatbots like ChatGPT and Bing Chat. Getty Images As reported by The Guardian, Nvidia seems to be distancing itself from the…

 Last year's crypto-market meltdown triggered a series of bankruptcies that almost completely reshaped the digital-asset industry. This year, government watchdogs appear to be arriving on the scene to finish the job.The past week saw the industry hit with another deluge of enforcement news, from the SEC's threat to take legal action against Coinbase Inc. and its suit against the Tron blockchain network to the apprehension of crypto fugitive Do Kwon. Even celebrity crypto promoters like actress Lindsay Lohan and rapper…

For every one of these companies, however, I saw just as many (if not more) that employed crypto while trying very hard to avoid mentioning that fact. Two companies claimed to be building the future of social media. Dig deep enough into their websites and they both offered users crypto-based incentives, but neither chose to feature crypto or blockchain tech as a selling point.One of them, Ascend, had flyers all over the city. These made lofty—arguably impossible—promises, such as “no misinformation” (who defines what…

Once hailed as a genius, South Korean entrepreneur Do Kwon -- now facing multiple criminal charges over his failed cryptocurrency -- was a brash industry figure whose fame disintegrated into global notoriety.After months on the run, the 31-year-old, whose full name is Kwon Do-hyung, was arrested Thursday in Montenegro after being caught trying to catch a flight using fake Costa Rican travel documents.He is accused of fraud over the dramatic implosion last year of his company Terraform Labs, which wiped out about $40…

Coinbase debuted on the U.S. stock market on April 14, 2021 - the same day U.S. senators confirmed Gary Gensler to lead the Securities and Exchange Commission (SEC), the country's top markets regulator.Gensler, who has called the crypto sector a "Wild West" riddled with fraud, is now embroiled in a battle with the world's largest publicly-traded crypto firm over a core debate: whether digital assets are investment contracts akin to stocks or bonds that should be regulated by the SEC. Friction between crypto proponents and…

Cryptocurrency exchange Binance has resumed withdrawals on its platform after technical issues affected spot trading, the company said in a tweet.Binance suspended deposits and withdrawals earlier on Friday due to a "bug on a trailing stop order," Chief Executive Changpeng Zhao said in a tweet, adding that the pause in deposits and withdrawals was a standard operating procedure.Ilya Volkov, CEO of Youhodler, a crypto lending platform, agreed that the pause was a result of a technical glitch and would not affect…

Cryptocurrency exchange Binance has suspended deposits and withdrawals on its platform due to technical issues affecting its spot trading, Chief Executive Changpeng Zhao said in a tweet on Friday. "Initial analysis indicates matching engine encountered a bug on a trailing stop order," he said in a tweet, adding that the pause in deposits and withdrawals was a standard operating procedure. "Engine 1 is back online. Still need more time to do reconciliations, and for other engines to catch up," Zhao said in a subsequent…

The US Securities and Exchange Commission on Thursday issued an investor alert warning that firms offering crypto asset securities may not be complying with US laws. Unregistered offerings of such securities may not provide important data, including audited financial statements, for informed decision making, the SEC said. The securities watchdog has been cracking down on the crypto industry, which its chair has called a "Wild West" riddled with misconduct. Its efforts gathered pace after November's collapse of Sam…

Kwon Do-hyung has been accused of fraud over his company Terraform Lab's dramatic collapse last year, which wiped out about $40 billion of investors' money and shook global crypto markets. Kwon reportedly flew from South Korea to Singapore ahead of the company's crash in May last year.…

Multiple YouTube channels under the Linus Media Group (LMG) brand have been taken offline after being hijacked by crypto scammers. The main Linus Tech Tip YouTube channel, which has amassed over 15 million subscribers, is offline, as are the TechQuickie and TechLinked channels. It appears all three were impacted by the same hackers. The channels stayed live briefly early Thursday morning, promoting bogus livestreams that included pre-recorded footage of tech personalities like Elon Musk and Jack Dorsey talking about…