Nvidia says ‘crypto adds nothing useful to society’ after billions in mining sales
Nvidia says ‘crypto adds nothing useful to society’ after billions in mining salesNvidia CTO, Michael Kagan, criticizes cryptocurrencies as not bringing anything useful to society.
Happy MondayThe global crypto market cap is $1.13 trillion with a 24-hour volume of $40.2 billion. The price of Bitcoin is $27,061.50 and BTC market dominance is 46.3%. The price of Ethereum is $1,714.02 and ETH market dominance is 18.6%. The best performing cryptoasset sector is Yield Farming, which gained 6%.
Latest NewsNvidia says ‘crypto adds nothing useful to society’ after billions in mining sales
Nvidia CTO, Michael Kagan, criticizes cryptocurrencies as not bringing anything useful to society. Justin Sun’s US fraud charges could hamper Huobi’s license application in Hong KongLawyers believe regulators will be hard pressed to approve Huobi's VASP license due to allegations of misconduct. Serbian lawyers exposed for helping Do Kwon set up shell company post red noticeFatManTerra blasted "corrupt" lawyers for assisting Do Kwon establish a shell company despite being on the run from law enforcement. CFTC sues Binance over alleged breaking of trading and derivatives rulesThe CFTC has filed legal action against Binance and two company executives for violating commodity law. Crypto investment products record $160M inflows – breaking six-week negative strikeThe six-consecutive-week outflows totaled $408 million, as this week's inflows mark the largest positive movement since July 2022. MicroStrategy acquires Bitcoin worth $150M, makes repayment on Silvergate loanMicroStrategy said it now holds 138,955 BTC acquired for approximately $4.14 billion at an average price of $29,817. Accidentally burnt CryptoPunk #685 ‘resurrected’ – becomes first official CryptoPunk OrdinalCrypto Punk 685 burnt during wrap attempt but has resurfaced as the first CryptoPunk on Bitcoin NFT network. Launch Zone, BSCex suffer contract vulnerability — over $7M drainedThe vulnerability was detected by crypto sleuth Scam Sniffer, who claims over 34,000 addresses are at risk. Theories abound as Bitcoin hash rate records unprecedented riseHodlonaut asked the community for their take on the 'frightening' rise in Bitcoin hash rate — mining firm CEO responds to alleviate concerns. CryptoSlate wMarket Update: Bitcoin meets resistance at $28,000 as liquidity concerns riseThe wMarket Update condenses the most important price movements in the crypto markets over the reporting period, published 07:45 ET on weekdays. Ontario court documents describe kidnap, ransom, torture of $41M crypto scammerExtravagant spending by Aiden Pleterski occurred after the accused raised $41 million to fund a non-existent crypto investment fund.
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Billionaire Tim Draper tells businesses to hold Bitcoin in the SVB aftermath
Saturday, March 25, 2023
Draper said cryptocurrencies are a good option to hold excess cash as it needs to be a long-term holding that is easily saleable in times of crisis.
Nasdaq to launch crypto custody service for BTC, ETH in 2023 to inaugurate digital assets arm
Friday, March 24, 2023
Nasdaq is the latest traditional financial giant to pivot toward crypto — joining the ranks of Fidelity Investments, BNY Mellon and BlackRock.
Coinbase CEO sells shares prior to SEC warning
Thursday, March 23, 2023
Brian Armstrong issued three transactions to sell Coinbase shares on March 15 and 21, according to recent data.
Former Coinbase CTO urges ‘get to Bitcoin’ before CBDC digital lockdown
Wednesday, March 22, 2023
Balaji Srinivasan warns of impending financial tyranny under CBDC system, advocates for Bitcoin as a solution.
Bitcoin long-term holders locking in profits could lead to BTC price pullback
Tuesday, March 21, 2023
Long-term holders are selling their Bitcoin, racing to lock in profits for the first time since May 2022 as Bitcoin surges past $28000.
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