Andreessen Horowitz launches $400M seed fund to aid its tech expansion
Andreessen Horowitz, popularly known as a16z, is launching a new $400 million seed fund, according to a statement released on Friday. The company stated, “Seed investments have traditionally been at the heart of venture , the actual financial bet towards a team, an idea, and nothing else.” After writing some of the first checks into […]
Visa purchases its first NFTs
According to a recent Forbes article, Visa has purchased its first NFT a renowned CryptoPunk NFTs for $150,000. This is the first time the digital payments giant has dipped its toes into the metaverse, an online world of virtual reality. CryptoPunk 7610 is the name of the pixelated NFT artwork . It is one of […]
Google bans 8 scam crypto apps from Play Store
Google has removed eight allegedly fraudulent mobile apps from the Play Store, alleging that they were defrauding crypto enthusiasts by demanding fees for an unauthorized cloud mining service. Fraudulent mobile applications have become a common way to deceive unsuspecting consumers, with a high success rate. According to Trend Micro’s recent investigation, eight Android apps were […]
Xiaomi India says it needs regulatory clarity before embracing crypto
The Indian subsidiary of smartphone maker Xiaomi says it is interested in the crypto market and what it entails but before venturing, the government must provide legislative clarity. “We will want to wait for all the regulatory things,” Manu Jain, the firm’s managing director , said in an interview with The Economic Times. Crypto is […]
Nvidia’s Lite Hash Rate algorithm appears to have been cracked by a mining software
The developers of the mining software NBMiner claim to have cracked Nvidia’s anti-mining defences in part. The exploit reportedly unlocks up to 70% of the original graphic card mining power. Nvidia deployed the Lite Hash Rate, or LHR, algorithm on all graphics cards in its RTX 30 series in June in a bid to reduce […]