Tech

Following the rumors on Nvidia looking to produce graphic cards for cryptocurrency miners, the company said it is not convinced to do so. It spells doom for the massive hysteria for crypto-miners who continue to anticipate an Nvidia graphic card exclusive to mining cryptocurrency. Nvidia's CFO, Colette Kress, said the demand from Gamers currently looks more than they can handle. She added that Nvidia could make GPU supplies for crypto-miners theoretically. She continued to say if the miners' market stirs…

Polkadot (DOT) has witnessed a massive bull run in recent weeks, and now the cryptocurrency has achieved a new milestone. Polkadot has managed to surpass Ripple and is now the fourth-largest cryptocurrency based on market capitalization. DOT price explodes and hits new all-time high The last few weeks have benefited all major altcoins, but some are doing better than others.  Polkadot (DOT) is one of the few that has recorded notable progress in setting new price records in recent days.…

Representative Ted Budd (R-NC) has enacted a new law to create an agency to combat the use of cryptocurrencies in terrorism. The bill, H.R. 296, is co-sponsored by Representatives Warren Davidson (R-OH), Stephen Lynch (D-MA), Byron Donalds (R-FL), and Darren Soto (D-FL) and was introduced into jurisdictions following the establishment of the working group. The bill also seeks to provide rewards for information leading to convictions related to digital currency earthquakes. It will establish Fintech's leadership in innovation and financial…

Diginex (EQOS), the Hong Kong-based digital assets group, has entered into definitive agreements with particular institutional investors to scale up aggregate gross proceeds of about $38.6 million via the private placement of its equity securities. Diginex will trade an aggregate of 2,571,669 of its ordinary shares together with warrants to acquire up to a total of 2,571,669 ordinary shares at $15.00 per share and accompanying warrant. The contracts should take effect straight away with a term of three years and…

The New Zealand Financial Markets Authority (FMA) has issued a warning to citizens regarding crypto-assets. This comes a day after the UK Financial Conduct Authority raised similar concerns about the cryptocurrency markets. Cryptocurrencies Considered High Risk and Volatile Assets This latest warning from the FMA was revealed by local publication the NZ Herald. According to the report, a spokesperson from the FMA warned New Zealanders to be wary of purchasing cryptocurrencies. Citing the high risk and volatility of crypto assets,…

Digital currency trading is rapidly receiving significant attention from enthusiastic traders worldwide. Users regularly find unprecedented benefits that make cryptocurrency trading a practical investment strategy. A crypto trader dedicates their time to earn profits from alterations in the crypto market. Most work hard to learn trends within the markets to know the best time to buy or sell. Despite the risks underlying the art, some individuals take up crypto trading as a full-time job while others are part-time. The increased…

Nexon Group, a video game development company, is set to acquire Korean exchange Bithumb for $457 million. This could end months of speculation about the future of the exchange placed on the market in 2020. Nexon Set for Record Acquisition According to local media, Nexon is positioning itself to purchase a 65% stake in Bithumb for around 500 billion Won ($457 million). Nexon has signed an agreement with Bithumb at the beginning of January but has not finalized the agreement.…

Embattled cryptocurrency Ripple (XRP) faces new problems in 2021 following its legal case with the SEC. The value of XRP has plummeted in recent weeks, and the coin has now dropped to fifth on the coin rankings. XRP Facing Problems on All Fronts It is worth noting that it was only a few weeks ago that Ripple Labs received a lawsuit from the SEC. The US regulatory body had alleged that XRP is unregistered security and deemed sales of XRP…

The crypto market is bullish today, January 1st, with the majority of the top 100 coins trading in the green. The leading coin, Bitcoin, continued its surge towards $30k as it achieved yet another milestone in the early hours of today. Bitcoin Makes New All-Time High Bitcoin's bullish run has extended to the New Year as the leading coin continued its march towards uncharted territory. After suffering a major dip a week ago, Bitcoin was able to rebound on Monday,…