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
Ripple on Wednesday posted 9% gains soon after Swift announced a partnership with R3, a blockchain consortium. At 0800 UTC, the XRP/USD was trading at 0.2934 on Binance. As the market sentiment kicked in, the pair posted three consecutive hourly sessions in green, taking the value to as high as 0.3292. By 1300 UTC, Ripple had risen to 12.2%. In comparison, Bitcoin surged at a modest 1.29%, and Ethereum gained 2.65% against the US Dollar. Swift Brings the Bulls Brussel-based global banking giant Swift today announced that it would integrate R3’s trade finance platform with its own Global Payments Innovation solution
By CCN.com: According to a tool created by Ethereum developer Mike McDonald, a single address has garnered almost 50% of the total profits from Augur. Augur is a decentralized predictions marketplace. It was one of the first crypto projects to hold an ICO on Ethereum, back in 2015. Anonymous Ethereum User Dominates Augur’s Betting Markets
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Billionaire venture capital investor Tim Draper has made $ 89.1 million from his Bitcoin investment in less than five years. In 2014, Tim Draper purchased a bulk of 30,000 BTC from the U.S. authorities in an auction. He outbid all participating investors by paying $ 632 per Bitcoin, with a slight premium. The $ 18.96 million he spent
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Bitcoin engineer-turned-instructor Jimmy Song has said that seven months after Joseph Lubin announced a public bet with him concerning the future of Ethereum, the ConsenSys CEO is yet to put his money where his mouth is. It will be recalled that at Consensus 2018 in May, Lubin and Song announced an audacious wager onstage at … Continued
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Having launched a crypto-based Point-of-Sale (POS) device earlier this year with the goal of making cryptocurrency payments easier on the go, Pundi X now claims to have made the first blockchain phone call, according to a recent Medium post by the company co-founder Pitt Huang. The call was made on the startup’s newest device, called
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Scientists from IBM Research claim they’ve found a way to reshape blockchain architectures for energy-constrained internet of things devices.
This week the firm Squire Mining, a company that plans to offer next-generation 10nm ASIC chips, has revealed it is working with Samsung Electronics as its foundry partner. With help from Samsung’s foundry, Squire, and a company called Gaonchips, plan to complete its ASIC chip FPGA prototype by September 30, 2018.
Squire Mining Announces New ASICs Will Use Samsung Semiconductors
On Tuesday the company Squire Mining Ltd., (CSE: SQR), has announced the business partnered with two leading firms from Southeast Asia, Gaonchips and Samsung Electronics. According to the Canada-based Squire, the collaboration will focus on producing next-generation 10nm ASIC chips for bitcoin mining. Gaonchips will be used for Squire’s semiconductor design house and Samsung will manufacture the ASIC chips in Korea.
As the birthplace of the Chaos Computer Club, the hometown of the mother of all hackerspaces, and what many of the world’s leading privacy activists consider to be a bit of a safe haven, Berlin may be the the strongest center in the world for hacker culture.
Maybe that’s what makes the German capital a fertile breeding ground for the ongoing series of Lightning Hackdays (stylized as #LightningHackday). Introduced earlier this year, the series continues to grow, with the third event taking place last weekend.
Bitcoin is reporting a monthly loss for August, but its quick recovery from lows below $ 6,000 likely indicates a long-term bottom has been made.
Bitcoin as Frankenstein is a really interesting concept. Before I begin, let me humour the horror story fanatics amongst us and say yes, ‘Bitcoin as Frankenstein’ is inaccurate, we are actually referring to ‘Bitcoin as Frankenstein’s Monster’ here.
This, stems from a report in The Fintech Times that discusses how Bitcoin is slowly becoming a monster, made up of a number of different bits and pieces, a number of different ideas and a number of theories.
Created by Google, Microsoft, and Intel engineers, Dfinity Foundation is set to be the crypto sector’s biggest private token sale of 2018 valued at $ 2 billion. Andreessen Horowitz (A16Z) made its largest investment in the crypto sector to date through its two-month old cryptocurrency fund. A16Z was amongst five investment firms including the $ 1 billion
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It feels like through August, with the start of the football season and of course, the end of the FIFA World Cup, football related news has slipped into the cryptocurrency headlines at a stunning rate. We are seeing an awful lot of examples were cryptocurrency is being used within football, generally for advertisement and sponsorship. According to Forbes though, the crypto sphere has gone one step further into the beautiful game’s territory, after the purchase of Italian Serie C football club, Rimini FC 1912.
Ethereum focuses on blockchain technology, and is an open source public software system. Not only does it provide the fundamental blockchain technology, it also acts as a cryptocurrency which can be transferred between accounts. This brief guide looks at how Ethereum has made it to 2018, looking at key dates along its timeline.
It was back in 2013 that Vitalik Buterin first described the concept for Ethereum. He was previously a programmer who had worked on Bitcoin, had seen the advantages and disadvantages of the system and strove to make a similar blockchain system with improvements.
Bithumb, once the 7th largest crypto exchange by trading volume, suffered a hacking event in June that resulted in about $ 30 million worth of cryptocurrencies stolen from the platform. Despite the hack, Bithumb was able to rake in 39.34 billion won (~$ 35 million) in the first half of this year, according to South Korean news agency Yonhap, which […]
Bitcoin (BTC) is down 68% from its all time high of $ 19,665 which looks bad for those who had been holding since then. However, for those who have been trading, even just the monthly plays could have easily made a 626% return on their investment with the help of two simple indicators. Those indicators are the 5 EMA and 10 EMA as can be seen on the daily chart for BTC/USD above. These indicators have been signaling the direction of every bullish and bearish wave throughout the correction period.
Cybercriminals have raked in a total $ 2.3 million by exploiting ICOs via phishing in the second quarter of 2018, a Kaspersky study revealed. The multinational cybersecurity company in its new Spam and Phishing in Q2 2018 report found that online malefactors target crypto investors with fake ICO websites. Most of these sites belong to Ethereum-powered startups that raise
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You’re used to just about everything you pick up having a “Made in China” label on the box. But the world’s largest manufacturing economy is moving into marketplaces as well – decentralized marketplaces, that is. And just like every other area, they’re getting pretty serious about it, too.
Functioning decentralized blockchain marketplaces are few and far between at the moment. Depending on what you’re in the market for, there are a few solutions that let you get your feet wet, but they’re far from taking on eBay, Etsy, or Upwork anytime soon.
Understanding price movements in financial markets is all about sentiment. On the face of it that might be an odd statement to make because surely prices defend on more fundamental factors than mere sentiment?
That’s true at one level. Whether a company is making a profit, how much revenue it is generating, how much free cash flow it has, what its earning per share are, winning a big new order, making new partnerships, take-off bids, and so on, are all important considerations to be assessed by investors when making buying and selling decision on stocks and shares.
The InvestDigital ICO illustrates how Australia has become one of the leading ICO targets for tech startups.
When the Chinese government slapped a ban on initial coin offerings (ICOs) in 2017, the cryptocurrency space took a dive on expectations that similar regulatory action would follow from policymakers in other global regions.
As it turned out, these expectations were misplaced.
While we’ve seen certain government actions seek to impose some degree of regulation onto the ICO space, the overarching trend has been one of embrace, as opposed to rejection.