Nvidia claims breakthrough on path to GPU-based quantum computing
Quantum annealing systems could impact the finance and blockchain industries in a major way.
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Ethereum Could Soon Pump 100% to $260, According to Analysts
Several analysts have predicted big gains for the number two cryptocurrency by market cap, Ethereum, in the next few months. One even suggested a replay of his 100% surge prediction from early last year, in a tweet on Jan. 1.Falling wedges break upside 68% of the timeLast week, analyst Manu Naik pointed out that the…
Reddit to reportedly tokenize karma points and onboard 500M new users
Reddit engineer, Rahul, highlights the social media platform's efforts to improve user interaction through various cryptocurrency initiatives. 734 Total views 15 Total shares American social media giant, Reddit, may soon convert users’ karma points into Ethereum-based (ERC-20) tokens and onboard 500 million new crypto users in the process, according to a newly hired Reddit engineer.A…
Watch Out for This Cryptojacking Botnet That Steals Data From Its Victims
Cisco Systems says a new botnet mines Monero and steals data from the victims. 1511 Total views 3 Total shares The threat intelligence team at Cisco Systems discovered a new cryptojacking botnet named “Prometei.” This botnet both mines Monero (XMR) and steals data from the targeted system.According to the paper sent to Cointelegraph, the botnet…
CoinEx crypto exchange to remove all mainland China users in October
CoinEx previously blocked access and terminated the registration of new users from mainland China in March 2019. 351 Total views 24 Total shares CoinEx cryptocurrency exchange is winding down operations in mainland China to comply with local anti-crypto regulations.The company officially announced on Sept. 30 that it will completely retire user accounts verified as mainland China…
Tether says it holds zero Chinese commercial paper, denies 85% exposure
Tether reports that its total commercial paper exposure has been cut to $3.7 billion from $30 billion just one year ago. 126 Total views 16 Total shares Major stablecoin issuer Tether has reiterated that the company plans to completely rid itself of commercial paper backing for its U.S.-dollar stablecoin USDT.In a blog post on Wednesday,…
Bitcoin Market ‘Much Different Now’ as New BTC Wallets Approach 2017 Highs
New on-chain data suggests that demand for Bitcoin (BTC) from new investors is growing. Specifically, the number of new BTC addresses is nearing 2017 levels when the price hit $20,000.Brock Connelly, the CEO of RoundBlock Capital, said:“Has anyone noticed, daily active addresses (Bitcoin) is back above June 2019 levels, and approaching high of 1.29mm in…
Nifty News: Building bridges in the Metaverse, elaborate Apes scam and more
South Korea’s Gyeongbuk Province has announced plans to use Web3 technology to expand its economic relations with Vietnam.In a Dec. 19 announcement, the province’s governor Lee Cheol-woo said the metaverse project would focus on “growing economic, cultural, commercial, and people-centered contacts with Vietnam.” Back in June, the province announced it would invest $13.8 million to…
BNB Chain to boost European Web3 startups with DApp incubator program
The incubator program focuses on EU-based startups building the next generation of Web3 consumer experiences with an emphasis on accessibility and scalability. 740 Total views 17 Total shares