Items tagged with cryptocurrency
Back in early April, Intel unveiled its new Blockscale ASIC, which promised strong performance for proof-of-work consensus networks. Its move into blockchain is a relatively recent endeavor for Intel, but is perfectly in character for a company with a long history of entering new markets. As regular readers are no...
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Startup blockchain company Harmony has posted a $1 million bounty reward on Twitter for the return of stolen crypto funds. The company says it will advocate for no criminal charges if the $100 million in stolen Horizon bridge funds are returned.
Cyber criminals employ different methods for stealing funds from...
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As anyone could have predicted, cryptocurrency miners are looking to unload their used GPUs now that it may no longer be profitable to mine Ethereum and other blockchain assets. Before you buy a card at a potentially steep discount, though, be aware that you might not end up getting what you thought you were...
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If you're thinking about mining Ethereum as a side hustle, you should probably shelve the idea for the time being because, for the most part, it's not currently profitable. There are exceptions (and caveats), but for the average user, it could end up costing more to mine Ethereum in electricity costs alone following a...
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Last week, the US Federal Trade Commission (FTC) published a report according to which cryptocurrency scammers have swindled Americans out of over $1 billion since 2021. Cryptocurrency scams are rampant on social media sites, as well as messaging apps like Telegram. The scams often trade on the names of...
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Bitcoin and other cryptocurrencies took another hit after Celsius, one of the leading crypto lending firms, announced it is pausing all withdrawals and transfers "due to extreme market conditions." After the announcement, Bitcoin slid to below $25,000, dipping more than 12 percent on Monday to below $24,000. That's...
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Everywhere you look there is someone who is trying to convince you to invest in cryptocurrency. Unfortunately, many of these promos are simply a scam. The Federal Trade Commission (FTC) recently reported that Americans have lost over $1 billion USD to cryptocurrency scams.
An FTC report noted that more than 46,000...
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Woe is the investor who put all their investment funds into cryptocurrency, because chances are their portfolio isn't looking so hot right now. The cryptocurrency market is experiencing a huge decline the likes of which we can't remember seeing before. And as this is happening, Coinbase, the largest crypto exchange...
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Cryptocurrency scams are quite common these days, likely due, at least in part, to the perception that cryptocurrency is an easily accessible investment vehicle. Just last week, the Security and Exchange Commission (SEC) announced that it is almost doubling the size of its Crypto Assests and Cyber Unit in the hopes of...
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The most resilient of all the cryptocurrencies, Bitcoin, is having a very bad year so far after peaking last November at around $67,000. Now instead of talking about whether it can reach $100,000, Bitcoin investors and observers are left wondering how much further it can tumble after losing more than half its value...
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The United States Securities and Exchange Commission (SEC) has accepted a $5.5 million settlement offer from NVIDIA over findings that it "failed to disclose" in its filings that "cryptomining was a significant factor in year-over-year growth" from its GPU sales. Though NVIDIA submitted the offer, which the SEC...
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The Securities and Exchange Commission (SEC) is beefing up its Crypto Assets and Cyber Unit in an attempt to protect crypto investors and further thwart cyber-related threats. The unit, formerly known as the Cyber Unit, is adding 20 positions to its cyber-crime fighting force.
The Crypto Assets and Cyber Unit has...
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Digital fashion brand RTFKT Studios has launched a brand new NFT called Nike CyrptoKicks, and people have been buying them for astounding price tags. The NFT's, or non-fungible tokens, were launched on NFT marketplace OpenSea, and are selling for as much as $100,000 and more.
Nike CryptoKicks is a new collection of...
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Say it with us—"Le sigh!" That's about the only reaction we can muster to news that Ethereum's much-anticipated shift to a proof-of-work model, and with it a long-overdue ease on GPU mining, is delayed...again. Prior to this latest delay, the full transition to Ethereum 2.0 was supposed to take place this June. Not...
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Intel is obviously best known to consumers for its x86 processors, but it's far from a one trick pony in the silicon space. Edge-centric FPGAs, networking solutions, and a host of other hardware and services all fall squarely into Intel's manufacturing and development purview. You can include blockchain technology...
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Custom hardware from AMD powers the latest generation game consoles from Microsoft (Xbox Series X|S) and Sony (PlayStation 5), but not every APU designed for these systems makes the cut. What do you do with these excess chips if you're AMD? Find ways to recycle the partially defective hardware, such as injecting them...
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The US Department of Justice announced the arrest of two men, Ethan Nguyen and Andre Llacuna, for conspiracy to commit wire fraud and money laundering. Both conspiracy charges are in connection with what the DoJ describes as a million-dollar "rug-pull" scheme to defraud purchasers of NFT's advertised as...
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It's not enough that gamers have to compete with cryptocurrency miners for an insufficient supply of desktop graphics cards, now laptop GPUs could become hot commodities for larger scale mining operations too. Providing a path to that potential outcome, a seller in China is hawking modified desktop GeForce RTX 3060...
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The United States and other countries are imposing harsh sanctions on Russia, in response to the country’s invasion of Ukraine. Some of these sanctions target Putin specifically, as well as other Russian and Belarusian politicians and oligarchs. Amidst these sanctions, the Ukrainian vice prime minister has called for...
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Update (2/24/22):
When we wrote about the NVIDIA RTX LHR Unlocker tool on GitHub yesterday, we noted it came with caveats and red flags (see below). It just didn't sit right that it required downloading custom drivers from the developer, which at best would have meant it likely would have ruled out anything but...
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Intel is ready to "usher in the era of metaverse and Web 3.0" by embracing blockchain in a big way. In a blog post, Senior Vice President and General Manager of Intel's Accelerated Computing Systems and Graphics Group, Raja Koduri, said blockchain is key to enabling everyone to own the digital content and services...
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The US Department of Justice (DOJ) announced it has seized an estimated $3.6 billion in stolen cryptocurrency. The seizure came along with the arrest of a married couple accused of laundering 119,754 bit coin in an elaborate scheme.
Headlines denoting hackers stealing cryptocurrency is not an uncommon occurrence...
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