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 salesNvidia 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. |
Key phrases
Older messages
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.
You Might Also Like
Holy Grail! We’re live with a $100k prize pool 🏆
Tuesday, May 7, 2024
Swap, borrow, and stake to earn yield and get a chance to win a slice of the massive prize pool. Flipside Crypto Holy Grail! 🏆 Aptos Grail Tournament with $100k in prizes starts today! Keep doing what
US Bitcoin ETFs see record outflows as Hong Kong counterparts thrive
Tuesday, May 7, 2024
Hong Kong spot Bitcoin and Ethereum ETFs recorded significant inflows of more than $300 million last week. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
The Usage & Evolution of Decentralized Exchanges (DEX’s)
Tuesday, May 7, 2024
Checking in on liquidity pools, trading volumes and adoption across Ethereum DEX's ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
What is Based Rollup, and How Does it Inherit Ethereum's Liveness?
Tuesday, May 7, 2024
By 0XNATALIE, Researcher at @ChainFeedsxyz Source: With the completion of the Cancun upgrade and the reduction of L2 gas fees, the market's focus has once again shifted to L2. There are currently
Bitcoin network celebrates 1 billion transactions as a Satoshi-era wallet awakens
Monday, May 6, 2024
Bitcoin's 1 billion transactions is over a decade faster than Visa. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Crypto Market Pulse Weekly – 💸 HK Spot Bitcoin ETFs Saw ~$250M Inflows in 3 Days
Monday, May 6, 2024
Hong Kong Spot Bitcoin ETFs saw US$250M net inflows in 3 days. Morgan Stanley filed with the US SEC to permit exposure to Bitcoin ETFs. Australia is reportedly considering the launch of Bitcoin ETFs. ͏
Mining News in April: Bitcoin Halving Effect Emerges, Runes Boom Fades, Angola Paraguay Mining Ban, sponsored by B…
Monday, May 6, 2024
Title sponsored by Bitdeer, a NASDAQ-listed mining company. 1. Bitcoin mining company Bitfarms will invest nearly $240 million to upgrade its Bitcoin mining equipment, aims to remain profitable after
Chainalysis And Tether Team Up To Combat Illicit Activity
Monday, May 6, 2024
We bring you the top stories in crypto every week! Stories like... Monday May 6, 2024 Sign Up Your Weekly Update On All Things Crypto TL;DR Chainalysis And Tether Team Up To Combat Illicit Activity
Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k
Sunday, May 5, 2024
Liquidation heatmap analysis forecasts turbulent times ahead for Bitcoin as it struggles to regain $57000. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Asia's weekly TOP10 crypto news (Apr 29 to May 5)
Sunday, May 5, 2024
1. Hong Kong Bitcoin Spot ETF Holds 4218 BTC Three Days After Launch link After three days of trading, the Hong Kong Bitcoin spot ETF holds a total of 4218 BTC. Among these holdings, the ChinaAMC