Sadly for Chris Williamson, he is unable to withdraw his $1.4-trillion fortune. He believes his newfound wealth was due to a glitch in the Coinbase system.
Category: cryptocurrencies – Page 42
How scientists are embracing NFTs
The arguments over NFTs in science are similarly heated, with some saying they provide an incentive to showcase science to the public; a new method of fundraising; and even a way for people to earn royalties when pharmaceutical companies buy access to their genomic data. Others say that NFTs — which operate in a similar way to digital cryptocurrencies — are just needless energy pouring into a market bubble that’s sure to burst.
Is a trend of auctioning non-fungible tokens based on scientific data a fascinating art fad, an environmental disaster or the future of monetized genomics?
Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratzs Galaxy Digital
Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz’s Galaxy Digital.
The bank has begun trading bitcoin futures with Galaxy Digital, the crypto merchant bank founded by Mike Novogratz, CNBC has learned.
The trades represent the first time that Goldman has used a digital assets firm as a counterparty since the investment bank set up its cryptocurrency desk last month, according to Galaxy co-president Damien Vanderwilt.
The moves by Goldman, the preeminent global investment bank, may reverberate on Wall Street and beyond as banks increasingly face pressure from clients who want exposure to bitcoin. By being the first major U.S. bank to begin trading cryptocurrency, Goldman is essentially giving other banks cover to begin doing so as well, said Vanderwilt, a former Goldman partner who joined Galaxy last year.
Interactive Brokers will offer crypto trading by the end of the summer
Interactive Brokers — seen as the e-broker with some of the most sophisticated clientele — is slated to start trading cryptocurrencies on its platform in the coming months.
“Customers certainly are asking for [crypto trading] and we expect to be ready to offer it to them by the end of the summer,” Interactive Brokers Chairman and CEO Thomas Peterffy said Wednesday at the Piper Sandler Global Exchange & FinTech Conference.
Investors, both retail and institutional, have poured into bitcoin and other digital assets in 2021. Bitcoin’s price has soared to above $34000 from the $9000 in June of 2020. The price of bitcoin has experienced wild volatility recently due to headlines on a China crackdown, Elon Musk and investors taking excessive risk.
US recovers millions in cryptocurrency paid to Colonial Pipeline hackers
U.S. investigators have recovered millions of dollars in cryptocurrency that Colonial Pipeline paid hackers last month to end a ransomware attack on its systems.
Deputy Attorney General Lisa Monaco announced Monday afternoon that the Department of Justice “found and recaptured the majority of the ransom” paid to the DarkSide network, the group responsible for the attack.
Paul Abbate, the deputy director of the FBI, said the bureau successfully seized the ransom funds from a bitcoin wallet that DarkSide used to collect Colonial Pipeline’s payment.
Leaked Nvidia cryptocurrency card could be powerful enough to save gaming GPUs from the mines
The Nvidia 170HX could offer an Ethereum hash rate way in excess of an RTX 3090 for less power.
The latest rumours point to a brand new Nvidia cryptocurrency mining processor that’s capable of an Ethereum mining hash rate 164MH/s. If you’re not familiar with the hash rates of cryptocurrency mining, that make it an absolute whopper of a card—the GeForce RTX 3090 is somewhere in the region of 120-130MH/s. Wild, right?
It’s called the 170HX, says Twitter leaker 9550Pro, and it will feature 4480 CUDA Cores and run at 250W. Its secret, how it manages to out mine a beefier card in the 350W RTX 3090, is the choice of memory. There’s just 8GB of it on the reported card but that 8GB is made up of HBM2e, the HBM in which literally stands for High Bandwidth Memory.
Crypto miners halt China business after Beijing cracks down, bitcoin tumbles
Cryptocurrency mining operators, including a Huobi Mall and BTC.TOP, are suspending their China operations after Beijing stepped up its efforts to crack down on bitcoin mining and trading, sending the digital currency tumbling.
Cryptocurrency miners, including HashCow and BTC.TOP, have halted their China operations after Beijing intensified a crackdown on bitcoin mining and trading, hammering digital currencies amid heightened global regulatory scrutiny of them.
A State Council committee led by Vice Premier Liu He announced the crackdown late on Friday — the first time the council has targeted virtual currency mining, a big business in China that accounts for as much as 70% of the world’s crypto supply. read more
Huobi Mall, part of cryptocurrency exchange Huobi, said in a statement on Monday that it has suspended crypto-mining services to mainland Chinese clients, and will focus on overseas businesses.
