Cryptocurrency articles

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GPU miners trickery: Watch out for painted memory on used graphics cards

Sellers are trying to pass off discolored mining GPUs as new or "like new"
PSA: Discolored memory chips are a common sign indicating heavily used graphics cards, possibly former mining cards. Recent evidence suggests some resellers are trying to deceive customers by painting over the memory. The paint comes off relatively easily for those inspecting the used GPUs.
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Bitcoin price predictions for 2023: rally to $250,000 or crash to $5,000

Could BTC's price rise 1,400% over the next 12 months?
Forward-looking: To say 2022 was a rough time for crypto is an understatement. Following a long period of rising prices and delighted investors, last year saw the arrival of a crypto winter that brought Bitcoin's price crashing down, bankrupted companies, and wiped over $1 trillion off the market, and that's not even mentioning the collapse of FTX. But what will 2023 bring? Analysts' predictions vary wildly, from Bitcoin almost quadrupling its previous record high and reaching $250,000, to the digital coin crashing to $5,000, which would be its lowest price since 2019.
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Authorities arrest Sam Bankman-Fried on FTX fraud and money laundering

What just happened? Investors taken to the cleaners by Sam Bankman-Fried's FTX exchange will probably be pleased to hear that the man who admittedly made a lot of "mistakes" that cost them their money is in police custody today on fraud and money laundering charges. He was arrested last night in his Bahamian headquarters at the request of US officials.
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Larry David and other celebrities named in FTX lawsuit

"Don't be like Larry"
What just happened? Remember all the outcry when Larry David appeared in a Super Bowl commercial for now-collapsed crypto exchange FTX? The comedian probably wishes he'd never took part in the ad, too, given that he's one of several celebrities named in a lawsuit against the platform's former CEO Sam Bankman-Fried.
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Bankrupt crypto lender Celsius loses another exec as scrutiny over CEO intensifies

Co-founder Daniel Leon has followed CEO Alex Mashinsky out the door
In context: The bad news isn't alleviating for bankrupt crypto lending platform Celsius. A week after CEO Alex Mashinsky resigned from the company, cofounder S. Daniel Leon has now quit as chief strategy officer. Mashinsky is also dealing with revelations that he withdrew $10 million from the lender weeks before it froze customer accounts.