Lifeboat Foundation

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.

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.

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.

Continue reading “Leaked Nvidia cryptocurrency card could be powerful enough to save gaming GPUs from the mines” »

What Bitcoin does for electricity and Ethereum for video cards, Chia does for hard disks.

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

Continue reading “Crypto miners halt China business after Beijing cracks down, bitcoin tumbles” »

And there’s an important lesson to be learned about how it achieved this impressive return.

Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking.

Read our special report, “The Future of Banking” : https://econ.st/3tuTT8y.

Continue reading “Could digital currencies put banks out of business? | The Economist” »

#Respect

While hosting the US TV show Saturday Night Live, Elon Musk publicly spoke for the first time about having Asperger’s. He also addressed his controversial tweets and plugged Dogecoin.

Dogecoin is being valued at $49.8 billion which means it is valued higher than automaker Ford ($45.2 billion) and Twitter ($44.1 billion).