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New Week Has Brought New Ups and Downs for Bitcoin and Ethereum Cryptocurrencies

NVIDIA Tesla V100: $8000 card is the BEST to mine Ethereum (TweakTown)
NVIDIA has one of the best single graphics cards on the market with the Tesla V100, a card that costs a whopping $8000 and isn’t for gamers or even most people on the market. It’s a card destined for workstations and servers, for AI and deep learning workloads – and strictly not for mining. That however doesn’t stop people from testing out these graphics cards for mining, with BuriedONE Cryptomining putting NVIDIA’s Tesla V100 to work on various crypto mining adventures, with Ethereum mining hitting a 94MH/s. Considering that an overclocked TITAN Xp can achieve somewhere around 40-42MH/s and an overclocked Radeon RX Vega 64 can do anywhere between 38-42MH/s, this is a huge achievement for the Tesla V100.

China Escalates Crackdown on Cryptocurrency Trading (Bloomberg)
China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned cryptocurrency exchanges last year, they’ve recently noted an uptick in activity on alternative venues. The government plans to block domestic access to homegrown and offshore platforms that enable centralized trading, the people said, without being more specific about how policy makers define such platforms.

Pixabay/Public Domain

Pixabay/Public Domain

Blockchain Company Wants to Create Alternative Decentralized Digital Economy (The CoinTelegraph)
One of the things you may notice when you look around in the world is there are a lot of people making tons of money, but not doing much to earn it. Many are the ways you can make money without being a direct “producer” or taking risk, and one of these ways is working as a facilitator of trade. These third-parties act as connectors or brokers of transactions, and in exchange get to collect a hefty commission for making the transaction possible. Right now, there aren’t very many ways to get around this.

The Ethereum Scam Database Helps You Avoid Cryptocurrency Scammers (TheNextWeb)
The exponential growth the cryptocurrency and blockchain markets are currently experiencing has made the space a breeding ground for all sorts of hacks, malicious activities, and phishing traps. But there is a nifty tool that can help you steer clear of this sort of trouble. The Ethereum Scam Database (EtherscamDB) is a handy website that collects crowdsourced information about heaps of online scams in order to guide rookie cryptocurrency enthusiasts away from falling victim to malicious actors, seeking to snatch their precious coins and empty their wallets.