SEC Fines Nvidia $5.5 Million for Failing to Disclose Crypto Mining Significantly Boosted Its Revenue
The U.S. Securities and Exchange Commission (SEC) has charged Nvidia Corp. for failing to disclose that crypto mining significantly boosted its revenue. The company agreed to a cease-and-desist order and to pay a $5.5 million penalty. Nvidia Failed to Disclose That Crypto Mining Was a Significant Element of Its Material Revenue Growth The U.S. Securities […]
Google Forms Web3 Team — Sees Tremendous Potential, Demand for Crypto Tech Support
Google is establishing a Web3 team within its cloud unit, noting that “it is a market that is already demonstrating tremendous potential.” A Google executive explained: “We’re providing technologies for companies to use and take advantage of the distributed nature of Web3 in their current businesses and enterprises.” Google Creating Web3 Team Within Cloud Unit […]
US Treasury Sanctions First Crypto Mixer
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued its first-ever sanctions on a crypto mixer. The mixing service was used by Lazarus Group to process illicit proceeds from the $620 million crypto heist of the online game Axie Infinity, said the Treasury Department. Treasury Department Sanctions Crypto Mixer The […]
Sony Partners With Theta Labs to Launch 3D NFTs for Its Spatial Reality Display
Sony Group Corporation has revealed it has partnered with Theta Labs in order to launch 3D non-fungible token (NFT) assets. The upcoming NFTs will be crafted for the Sony Spatial Reality Display and are designed for three-dimensional viewing. Sony 3D NFTs to Enhance Spatial Reality Display Features The Japanese multinational conglomerate corporation Sony is working […]
Anchor Protocol’s Earn Rate Adjusts for the First Time, From 19.4 to 18% APY
Following the governance vote that aimed to implement a semi-dynamic earn rate for the Anchor Protocol, the decentralized finance (defi) platform’s earn rate adjusted downward for the first time this month. After holding steady with a 19.4% annual percentage yield (APY) since the project started, Anchor Protocol’s earn rate is now roughly 18% APY for […]
Central Bank of Argentina Bans Private Banks From Offering Cryptocurrency Services
The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing services from their apps. The measure is said to be directed at mitigating risks associated with cryptocurrency assets. Central Bank of Argentina Closes […]
Biggest Movers: LUNA Falls to 6-Week Low, as ALGO Surges 15% on Saturday
Despite Terra buying $1.5 billion worth of BTC this week, LUNA slipped to a six-week low to start the weekend. Overall, crypto markets remained in the red, however ALGO was one of the rare exceptions to record significant gains. Algorand (ALGO) ALGO was easily one of the biggest gainers during Saturday’s session, as prices rose […]
Bitcoin, Ethereum Technical Analysis: ETH Remains Close to 6-Week Low to Start the Weekend
Following a recent string of declines, ETH continued to hover close to a six-week low to start the weekend. BTC was also lower on Saturday, as the world’s largest cryptocurrency remained closer to a two-month low. Bitcoin BTC was once again trading lower on Saturday, as prices were battling to find a floor following Friday’s […]
Survey: Almost Three out of Four Argentinians Are Willing to Purchase Crypto for Investing or Saving Purposes
A new survey, whose results were released earlier this week, has given more insight into how Argentinians view cryptocurrencies and how they might put them to use. The survey found out that eventually, almost three out of four citizens would purchase cryptocurrency to invest, or as a way of preserving buying power. Argentinians Familiar With […]
Turkey’s Inflation Rate Surges to 70%, Monthly Rate of Change Now 7.25%
The latest data from the Turkish Statistical Institute (TSI) shows that rising transportation and food costs were some of the key factors contributing to the surge in the country’s inflation rate to 70%. Economic Revival Efforts Not Bearing Fruit Rising commodity prices and increased transport costs are some of the key contributing factors behind the […]
