US-based chipmaker Nvidia will reportedly pay $5.5 million to settle charges that it unlawfully obscured how many of its graphics cards were sold to cryptocurrency miners. The US Securities and Exchange Commission (SEC) announced the charges and a settlement with the company. Its order claims Nvidia misled investors by reporting a huge boost in revenue…
Keeping the rising cryptocurrency scams in mind, the US has nearly doubled its cryptocurrency enforcement division, adding another 20 positions to the ‘Cyber Unit’. The total number of staff will now rise from 30 to 50. By nearly doubling the size of this key unit, the US Securities and Exchange Commission (SEC) said in a…
India should take a cautious and gradual approach towards launching a central bank digital currency (CBDC) as developing it could have some hazards, including those to institutions, end-users of retail CBDCs, and the reputation of the central bank, says a National Council of Applied Economic Research (NCAER) working paper. The paper has been co-authored by…
