Nvidia Limits the Efficiency of Mining Ether Using Its GPUs by 50%
Nvidia announced that it will start limiting the efficiency of mining ethereum or any other crypto using its new range of upcoming graphics processing units (GPUs). In a blog post published Feb. 19, the U.S. hardware maker said this limitation will feature first on its new Geforce RTX 3060 card, which is scheduled for release … Read more
India securities regulator to reportedly bar IPO promoters from holding crypto
The Securities and Exchange Board of India may force promoters of initial public offerings to ditch crypto. Go to Source Powered by WPeMatico
Swiss crypto ETP issuer passes $1B assets under management
Swiss crypto ETP issuer 21Shares has increased its managed crypto ETP assets from $500 million to $1 billion in less than two weeks. Go to Source Powered by WPeMatico
Crypto market too big to ignore, says Nigeria SEC
Nigeria’s Securities and Exchange Commission says it is committed to creating a clear-cut regulatory framework for cryptos in the country. Go to Source Powered by WPeMatico
South Korea fastracks 20% tax on Bitcoin and crypto profits to 2022
After much back and forth, South Korea appears to have finally set a hard date for the dawn of cryptocurrency taxation. Go to Source Powered by WPeMatico
Did $50K ‘trigger’ Peter Schiff to buy BTC? 5 Things to watch in Bitcoin this week
As Bitcoin wobbles following a spurt to above $58,000, concerns mount about the depth of a possible inbound correction. Go to Source Powered by WPeMatico
Tesla made $1B profit on its Bitcoin buy, says analyst
Tesla is about to make more money from its Bitcoin investments than profits from selling its electric vehicle cars in all of 2020, an analyst at Wedbush Securities said. Go to Source Powered by WPeMatico
Russian Bill to Recognize Cryptocurrencies as Property Advances in Parliament
Russia’s parliament has advanced the bill that proposes to recognize cryptocurrencies as property. The proposed law will provide legal protection for cryptocurrencies but income from their activities will also be subject to taxation. Cryptocurrencies to Be Considered Property in Russia Russia’s State Duma, the lower house of Parliament, adopted a bill that recognizes cryptocurrencies as … Read more
CyberFi – An Intelligent Trading and Automation Platform for DeFi
While the decentralized finance (DeFi) space is not new, it has experienced massive growth to surpass $37 billion. Consequently, the sector attracted a lot of attention, which, in turn, led to the unearthing of multiple deficiencies that the industry has. As a result, many projects have been continuously cropping up to address these issues. While … Read more
