Major global chipmaker Nvidia launched an initiative to reallocate unused GPU power to COVID-19 research. The fight against the Coronavirus pandemic has reached the spheres of GPU mining, as the U.S. chip manufacturer NVIDIA launched a proposal for all users to use their computer resources to help the cause. Through Reddit, the technology firm said […]
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Coinbase’s chief legal officer Brian Brooks will resign from the firm to join a major banking regulator, the Office of the Comptroller of the Currency. Amid an ongoing global health and financial crisis, Coinbase, one of the most popular cryptocurrency trading platforms in the United States, is losing another key executive. Brian Brooks, Coinbase’s chief […]
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A Baidu senior engineer has been jailed for three years for mining $14,000 worth of Monero on company servers. An engineer at Baidu, China’s equivalent to Google, has been jailed for mining Monero on around 200 of the company’s servers. According to a March 16 report by local media outlet, Abacus News, the employee eventually […]
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Experts believe that BitMEX’s lack of transparency during the recent outage caused investors to lose some confidence in the exchange. On March 13, trading giant BitMEX was thrust into the middle of a controversy that saw the premier exchange face an operational outage that lasted for about 25 minutes. During the downtime, rumors spread throughout […]
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Cryptographer and leading software engineer at a Ripple team, Nik Bougalis, offers advice on remote work management to firms amid the coronavirus pandemic. Cryptographer and leading C++ software engineer at Ripple Nik Bougalis offers advice on remote work management to firms amid the coronavirus pandemic. In a March 16 tweet, Bougalis offered his help to […]
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Major digital asset platform Bakkt has completed a new $300 million funding round, its second funding round after securing $182 million in late 2018. While cryptocurrency markets are experiencing another crash this Monday, major digital asset platform Bakkt has some good news. Referred to as one of the most promising crypto-related initiatives for its physically […]
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After years of uncertainty about cryptocurrency regulation in Russia, the country’s central bank adds more confusion to the matter. After years of uncertainty about its cryptocurrency regulation, Russia is further confusing its proposed crypto law as the country’s central bank made yet another statement on the issue. According to a legal executive at the Bank […]
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The Reserve Bank of Zimbabwe is reportedly working on a regulatory sandbox that would help fintech and crypto companies operate in the country freely. The Reserve Bank of Zimbabwe (RBZ) is reportedly developing a regulatory sandbox for cryptocurrency companies in the country. The news was reported on March 16 by local newspaper Chronicle, citing a […]
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The recent cryptocurrency crash has propelled many stablecoins up the market cap rankings, with six dollar-pegged crypto assets currently ranking in the top 50. While most cryptocurrencies have seen their market capitalization slashed over the past month, the market meltdown has seen stablecoins ascend the market cap rankings. As of press time, six stablecoins currently […]
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The cryptocurrency’s ability to keep functioning despite price fluctuations is making it increasingly at odds with liquidity injections and circuit breakers. Bitcoin (BTC) has failed to hold onto gains once again as commentators warn that the interest rate cuts by the Federal Reserve are “not a drill.” After the United States’ central bank cut rates […]
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