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Home Crypto Mining Spikes in Brazil Amid Record High Unemployment


With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than...

Nvidia Makes $155 Million From Crypto Mining Chips in Fiscal Q1


Graphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter. The company admitted that crypto miners have also pushed sales up in the gaming products segment which remains its main market. Leading GPU Maker...

Analyst Explains Why Ethereum Is Rallying, Hitting All-Time Highs


Investment management firm Ark Invest has highlighted three reasons why the price of ethereum has been hitting record highs. The firm cited increased institutional interest, strong on-chain signals, and imminent protocol upgrades as the key reasons. Why Ethereum Has Been Going Up ARK Investment...

Ethereum Hits New Record High, Bitcoin Eyes USD 60K Again


Bitcoin price remained stable above the USD 56,500 pivot level. As a result, BTC started a fresh increase and it cleared the USD 58,500 resistance. It is currently (04:30 UTC) trading USD 59,000 and the bulls may soon attempt an upside break above USD 60,000. Besides, most major altcoins...

South Korea to Crack Down on Phishing Websites Attacking Crypto Users


South Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. Over 30 sites have been taken down in just three months this year. Seoul...

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