LBJ Foundation Partners With Crypto.com

Basketball legend LeBron James‘ Ohio charity LeBron James Family Foundation has partnered with cryptocurrency platform Crypto.com to educate underserved communities on blockchain-related topics. Students and families in Akron, Ohio, that are a part of the I PROMISE School, a public school founded by the LJFF, will receive access to the educational resources necessary to successfully build in Web3.

 “Blockchain technology is revolutionizing our economy, sports and entertainment, the art world, and how we engage with one another. I want to ensure that communities like the one I come from are not left behind,” said James. “Crypto.com and I are aligned on the need to educate and support my community with the information and tools they need for inclusion. I’m looking forward to working with them to bring these opportunities to my community.” “LeBron James and his foundation have been pioneers in truly transforming the lives of those in his community through education and our partnership is based on a true alignment of values,” said Kris Marszalek, Co-Founder and CEO of Crypto.com. “We couldn’t be more proud to join LJFF in providing opportunities to increase educational and workforce development while delivering the tools and access that will empower the next generation to build a better and more inclusive future.” The full details of the partnership were not disclosed, though the deal will remain intact for multiple years.

Nvidia confirms it accidentally unlocked RTX 3060 Ethereum mining

A software update released by Nvidia inadvertently bypassed the Ether (ETH) mining block the firm placed on its own GeForce RTX 3060 graphics card. A spokesperson for Nvidia confirmed on Tuesday that the latest 470.05 driver update was mistakenly released with code intended for use only by Nvidia developers, which allowed for the removal of the hash rate limiter. “A developer driver inadvertently included code used for internal development which removes the hash rate limiter on RTX 3060 in some configurations,” said an Nvidia spokesperson, as reported by The Verge. In February, Nvidia decided to intentionally hamper the Ether-mining effectiveness of its RTX 3060 series graphics cards to prevent a demand-induced shortage caused by crypto miners.

 

A three-way handshake between the hardware, the software and the computer firmware was supposed to ensure that the card recognized when it was being used to mine Ether and cut its computational power in half, from 50 megahertz per second to 25 MH/s. But the back door that allowed the card’s hash rate limiter to be bypassed came from the software side, and it was released by Nvidia itself. The offending beta update has since been pulled by the software company, but versions of it have already made it out onto the internet. Elsewhere on Tuesday, Andreas Schilling of tech website HardwareLuxx tested reports that custom edits to a computer’s BIOS were required to bypass the hash rate limiter. After testing driver 470.05 with a custom and standard BIOS, Schilling confirmed that no special modifications were required and that Nvidia’s driver removed the hash rate limiter itself. While the news only compounds the misery of gamers waiting to upgrade their graphics cards, the gaffe by Nvidia might not necessarily result in Ether miners eating up the next supply of GPU shipments. According to Hexus, the latest reports suggest that the affected driver can only unlock one RTX 3060 at a time, rendering it unsuitable for use in large mining-farms, for the time being at least. Initial rumors suggested a custom modification had bypassed the RTX 3060’s hash rate limiter last Wednesday, allowing it to mine Ether at full capacity. It was later revealed that the mod had not enabled the card to mine Ether specifically but had been rigged to enable the mining of another GPU-mineable cryptocurrency, Ravencoin (RVN).

Price Of Bitcoin Down 5.4% To $43,000

Cryptocurrency investors have been bearish recently as prices of bitcoin sank 5.4% to around $43,000 per unit, the lowest in three weeks, according to Coindesk on Monday. The cryptocurrency has also already declined by nearly a quarter so far this week. The entire market capitalization of all the digital assets fell more than 8% Sunday to $1.25 trillion. The bitcoin and cryptocurrency market in general has shed roughly $400 billion since registering new highs last week as unease spread among traders.

Cryptocurrency asset markets were in the red across the board. Ether reached a low of $1,305, falling around 8%, while the native Cardano blockchain ADA - a surprise winner in recent days - lost 17% from a peak of $1.48 and is now trading around $1.21, CoinDesk 20 figures show. ADA is currently the third-biggest cryptocurrency in terms of market cap. Tether, on the other hand, now holds the fourth spot and next to it is binance coin trading for $197 per unit. Bitcoin's crash may be largely related to increasing bond yields and losses in the world's stock markets. The U.S. 10-year Treasury yield soared to 1.60% in a one-year high Friday, Coindesk said. Bitcoin is volatile. In late 2017, the cryptocurrency 's price rallied to around $20,000 before diving to $3,000 one year later. Last year, its price fell below $4,000 in March before rising again through the summer. Bitcoin began its latest bull run in October, breaking past its 2017 high in December as institutional investors showed renewed enthusiasm in virtual assets. "Many companies have cozied up to bitcoin in order to associate themselves with its technological mystique...as ESG funds start to flee Bitcoin, its price will begin a downward spiral. Stay away," Bloomberg quoted BCA Research Inc.'s Chief Global Strategist Peter Berezin as saying.