According to a report by Markets Insider, Nvidia generated $ 1.95 billion in revenue from its crypto business. Although the official financial statement of the company disclosed a $ 602 million crypto-related revenue, RBC analyst Mitch Steves said that the actual number is at least three times higher. “We think NVDA generated $ 1.95 billion in total revenue related to crypto/blockchain. This compares to company’s statement that it generated around $ 602 million over the same time period,” Steves said. Did Crypto Cause Nvidia to Underperform? In the third quarter of 2018, Nvidia chief financial officer Colette Kress told investors to not expect any
The value of Venezuela’s oil-backed cryptocurrency, the petro, is seemingly currently unclear, and even taking a look at official government sources yields inconclusive results, given substantial price differences. The petro, announced in December of 2017 as a tool for the South American nation to combat international sanctions, has been a controversial currency so far. Supposedly,
The post No One Knows What Venezuela’s Petro Cryptocurrency is Actually Worth appeared first on CCN
The over-the-counter (OTC) market has long been considered to be bigger in size and volume than the crypto exchange market, having a bigger impact on the Bitcoin price. Large institutional investors and high profile retail traders often rely on the OTC market for orders that typically exceed $ 1 million to ensure the market has enough liquidity
The post Can the OTC Market Actually Have a Significant Impact on the Bitcoin Price? appeared first on CCN
A prevailing theory as to why the cryptocurrency market has experienced a significant sell-off in 2018 is that “whales,” investors who hold significant amounts of Bitcoin (BTC), are working to add volatility by dumping their holdings onto the market via OTC markets. However, a recent analysis by Chainalysis, which provides cryptocurrency tracking tools to companies and […]
Ethereum (ETH) has been under unprecedented sell pressure these past few weeks. This pressure has been a result of the growing number of ETH Shorts on exchanges like Bitfinex. Recently, Jeremy Rubin, founder of MIT Digital Currency Initiative said that the price of Ethereum (ETH) will go to zero. The reasoning behind this is that people don’t necessarily have to use ETH for smart contracts on the Ethereum blockchain. This is partially true and Ethereum (ETH) founder, Vitalik Buterin recently addressed this quite well.
Whilst the top-100 cryptocurrency list does change now and then, generally the same cryptos remain within this top chunk of the markets. The top-10 hardly move, the top-20 see some changes. The lower down we move, the closer the market capitalisations are and therefore, the more movements we see, generally speaking though, the top-100 cryptocurrencies remain just that, as top-100 cryptocurrencies.
According to new research, only 36 of the top-100 are actually built upon a working product.
Coinbase, the largest US cryptocurrency exchange, walked back its claims from earlier this week that it got approval from the Securities and Exchange Commission (SEC) to list cryptocurrencies deemed as securities.
In June, Coinbase, the largest U.S. cryptocurrency exchange, announced that it’s on track to become the first broker-dealer to offer SEC-regulated cryptocurrency securities. The official announcement said that this “is all being enabled by our acquisition of Keystone Capital Corp., Venovate Marketplace, Inc., and Digital Wealth LLC.” Yet, it also made clear that this move is pending approval from the SEC and the Financial Industry Regulatory Authority (FINRA).
As part of Coinbase’s initiative to facilitate institutional investment in the cryptocurrency market, the exchange’s Custody service is now live in the US and Europe.
Bringing in Big Money
Coinbase Custody is a service which provides secure storage for crypto-assets for eligible financial institutions and hedge funds across the world. The service has officially accepted its very first deposit and it is now live for investors in the US and Europe.
Coinbase Custody is officially open for business, providing secure storage of crypto assets for institutions in both the US and Europe. Before the end of the year, we hope to bring this offering to Asia as well. https://t.co/KDtMQ5TT3B
The post Ripple Mining – It’s Not Something You Can Actually Do, Here’s Why… appeared first on 99 Bitcoins.
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On today’s show:
Don’t look now but the storm may be clearing after Bitcoin bounced off ,000 and the US Senate hearing on virtual currencies went rather well.
# Story – US Senate Hearing 0:41
Yesterday the US Senate Committee on Banking conducting a hearing on Virtual currencies.
It last about 2 hours and the livestream is archived on the senate website link that I gave out yesterday and will include in the show notes for today:
If financial statistics are anything to go by, perhaps there should be a pot of bitcoins at the end of every rainbow as the cryptocurrency has outperformed gold for a second year running.
According to Forbes, the Bitcoin Investment Trust gained 1407.42%, while SPDR Gold Shares only increased by 11.93%. Yes, you read that right. However, both gold and Bitcoin grew more than the S&P 500 and 20-year US Treasury bonds. This is the second time in as many years that Bitcoin has pulled rank over both gold and Wall Street.