NVIDIA CTO Slams Crypto: AI Offers Real Societal Benefits, Not Cryptocurrencies
NVIDIA's Chief Technology Officer, Michael Kagan, expressed skepticism about cryptocurrencies and their societal value in a recent interview with The Guardian. Kagan believes that AI applications like ChatGPT are more beneficial than crypto mining, highlighting NVIDIA's strained relationship with the crypto community. In 2021, NVIDIA released software that limited its graphics cards' ability to mine Ethereum, aiming to prioritize its preferred customers like AI researchers and gamers. NVIDIA's CTO praised AI applications like ChatGPT, which required approximately 10,000 NVIDIA graphics cards for its initial training. Kagan likened cryptocurrencies to high-frequency trading, an industry that had previously benefited his company, Mellanox, before its acquisition by NVIDIA. While acknowledging that customers buy their products, he emphasized that NVIDIA would not wholeheartedly redirect the company to support cryptocurrencies. The Guardian also noted NVIDIA's recent success in the AI market, with tens of thousands of NVIDIA's AI-focused processors sold to Microsoft and Amazon for their respective cloud computing services.
The Russian Cryptocurrency Laws and Regulations
Like in other countries, Russia is seeing a rise in the use of Cryptocurrency. On the path to widespread Cryptocurrency acceptance, meanwhile, it confronts significant challenges. Let’s take a deeper dive into the state of the Cryptocurrency market in Russia by analyzing the nation’s Cryptocurrency regulations.
Coinbase Leadership Team to Visit UK for Meetings with Policymakers, Regulators, and Crypto Community
Coinbase received a Wells Notice from the US Securities and Exchange Commission (SEC) earlier this week.
Exchanges and Mining Farms Shut Down in Venezuela
The new Superintendent of Cryptoassets ordered the closure of all cryptocurrency exchanges registered with Venezuela's National Superintendency of Cryptoassets, although this has not been confirmed officially. Asonacrip, the National Association of Cryptocurrencies, opposes this measure and has opened a public survey for input from the crypto community in Venezuela.
Coinbase and ChatGPT Team Up to Evaluate Cryptocurrencies
Coinbase, one of the largest cryptocurrency exchanges in the world, has announced a partnership with ChatGPT, a language model trained by OpenAI, to help evaluate cryptocurrencies.
What is Arbitrum?
Arbitrum is a second-level (L2) solution for the Ethereum network developed by the American company Offchain Labs.
Restrictions on Cryptocurrencies in Japan
As a consequence of this law, Crypto exchanges in Japan must register and adhere to the same AML or CFT obligations as any other financial institution.
Launching Your Own Cryptocurrency Exchange: White-Label Binance Clone
Cryptocurrencies have become a global phenomenon, and their popularity continues to grow as more people invest in them.
Choosing the Right Crypto Wallet: A Comprehensive Guide to Custodial and White Label Crypto Wallets
Cryptocurrency has transformed the way we handle money and transactions, and as a result, the importance of crypto wallets has become increasingly apparent.
Apex Coin Investment Platform: The Next Generation of Cryptocurrency Investing
Cryptocurrencies have become a hot topic in recent years, with investors flocking to the market in search of high returns.
