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
Even with the declining price of Bitcoin, the “9/11 papers hacker group” has received a significant sum of the flagship cryptocurrency. At current prices, their address has received more than $ 42,000. In case you missed it, the hackers claim to have acquired a treasure trove of damning documents. Documents related to the most notable foreign terrorist attack on US soil ever (those of September 11, 2001, for our younger and non-US readers) are only one part of the library. 9/11 Papers Hacker Group is Financially Motivated The hackers first requested that insurance companies and others they claim are incriminated in
Until the start of November, crypto volatility was trending down. Then, several major events happened and the whole cryptosphere went off the charts. But why? According to the Crypto Volatility report released today by SFOX, cryptoassets showed more volatility than the S&P 500 and gold during November, and there are four key factors that contributed
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In what may well have been the most watched cryptocurrency event of 2018, Bitcoin Cash two weeks ago “hard forked” (split) into two different coins. The “big block” project that itself forked away from the Bitcoin blockchain in August 2017 fragmented into “Bitcoin Cash ABC” (BCHABC) and “Bitcoin Cash SV” (BCHSV).
In this third and final overview: the main takeaways and latest developments of the second week since the Bitcoin Cash split.
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The fast-growing blockchain technology sector has created a high demand for talent and this has consequently resulted in blockchain engineers being among the best-remunerated in the tech sector. According to CNBC, the average pay for blockchain engineers in the United States is between US$ 150,000 and US$ 175,000 making it comparable to what developers who specialize in
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In December last year, the crypto market boomed with Bitcoin almost hitting $ 20,000. Less than a year later, the value of the leading cryptocurrency has dropped to around $ 6,500 (currently priced at $ 6,474 at time of writing).
Even though Bitcoin has dropped from its all-time high of nearly $ 20,000, if you invested a thousand dollars in the crypto five years ago you would have made a massive profit, obviously.
The founder of Ethereum, Vitalik Buterin has just revealed how much Ethereum he actually owns.
In a recent tweet, Buterin responds to accusations by an economist at NYU and crypto critic Nouriel Roubini (also known as Dr Doom) who has claimed that Buterin is a scammer and a thief. He also pointed this hate towards the co-founder of Ethereum Joseph Lubin.
Ethereum is number two on the top 100 cryptocurrencies according to CoinMarketCap which makes it Bitcoin’s main rival by market cap. Despite Buterin’s age, he is one of the most influential figures in the crypto space and is driven by both the programming expertise and the idealism of a technology ‘riddled’ future.
After months of dealing with regulators and fallout from its Cambridge Analytica scandal, Facebook has announced a new product and it’s about as tone deaf as you would imagine. The Portal and Portal+ are two new video communication devices that are designed to live within your home, enabling friends and family to remotely hang out. […]
An exchange-traded bitcoin fund (ETF) would signal greater acceptance of bitcoin as a mainstreet investment, while also making it much easier for both institutional and retail investors to get involved.
Although much easier than in the past, buying, owning and investing with bitcoin is still confusing to many, even with the creation of more familiar user experiences through exchanges such as Coinbase, for example.
If you own at least, 0.28 Bitcoin then you have the possibility to succeed in its future.
Despite this being, quite a small amount compared to some, owning this small amount of Bitcoin means that you will be one of the 1% of future Bitcoin.
Steve Lee, the former Product Director at the search engine giant, Google took to Twitter to make this known and that the fixed supply of Bitcoin (20,999,999,9769) means that only 1% of the population of the world could actually own Bitcoin if all the coins were distributed.
With the current market movement (or lack of it) it’s important to understand the forces behind it and, at least to some extent, find reasons for the current stillness. Price has been moving sideways for a couple of weeks now, so when can we expect a nice pump? Hopefully, with the assistance of some professional
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ICOs have managed to sell almost as much Ethereum (ETH) in terms of US dollars as they have raised, new research shows. Even with the current rates of ETH, projects are sitting on unrealized profits, rather than actual losses.
Most of the Raised ETH Is Already Sold
According to a new research brought forward by Hong Kong cryptocurrency exchange in partnership with analytics resource TokenAnalyst, initial coin offerings (ICOs), which raised ETH throughout their crowdfunding sales, have sold almost as much of it as they’ve raised in terms of USD. The research reads:
Driven by a common misconception that ICOs are an inexpensive endeavor to be engaged in, a lot of founders find themselves dealing with immense bills that they have not anticipated while launching an ICO. Ivan Aleksandrov, the CEO of Memorandum Capital, an investment company focused on ICOs and investing in blockchain-based assets, dwells into real costs of ICOs and all the expenses of the preparation for private- and public-sale.
My clients very often address me with questions with regard to ICOs and how much they cost, being disillusioned about all the specifics and characteristics of the entire process.
A new storm appears to be brewing in the cryptocurrency industry. All top markets are dipping in the red once again, even though it remains unclear what is going on exactly. The Dogecoin continues its strong surge for the time being, although it remains to be seen how long this new leg up remains in place.
Dogecoin Price Trend Continues
If there is one interesting market to keep an eye on right now, it has to be Dogecoin, of all cryptocurrencies. More specifically, the Dogecoin price is going through yet another surge, just as the Bitcoin price begins losing value once again. For the Dogecoin price, remaining above $ 0.006 should not pose any major problems as of right now, but there are still a lot of unknowns regarding this sudden interest.
Bitcoin (BTC) is an uptrend as the price seems to have entered a new ascending channel that can be seen on the 4H chart for BTC/USD above. This channel has held so far since the last few weeks of August and can be seen as the gateway to a trend reversal. However, the price seems to have lost the bullish momentum that kicked in soon as Bitcoin (BTC) closed last month above 21 EMA on the monthly time frame.
Dogecoin (DOGE), a cryptocurrency based on a popular meme that boasts low-fee transactions and a scalable network, has surged more than 150% this week as investors await the upcoming “Dogethereum” demo. Dogethereum is an experimental effort to bring dogecoin to the Ethereum blockchain, enabling the use of Dogecoin with Ethereum smart contracts through a new DOGE-backed Ethereum […]
Dogecoin price today had its Thank-God-Its-Friday moment after rising by more than 30 percent against the US Dollar. DOGE/USD began the day by continuing to its bull run. The pair on Thursday had jumped sharply from 0.00246-fiat to 0.00324-fiat, i.e. 31 percent amidst a strong buying spree. As the Asian trading session began today, the
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Bitfi, the McAfee led cryptocurrency wallet and the alleged unhackable wallet that was set to change the entire landscape for cryptocurrency storage has finally caved in and retreated, the company and John McAfee himself, have now confirmed that the wallet is indeed vulnerable to hacks.
This comes after a campaign set out by Bitfi and McAfee to challenge hackers to access the wallet, for an incredible bounty. Though, McAfee specifically stated the reward on offer was not a bounty, as the wallet was unhackable so therefor a bounty would be impossible.
Vitalik Buterin, co-founder of the world’s second largest cryptocurrency by means of market capitalization, Ethereum, noted that the community is placing too much attention towards Bitcoin ETFs. Instead, he reiterated on the importance of creating ways of facilitating smaller, retail investments into the market.
Following the recent Bitcoin ETF saga, the co-founder of Ethereum outlined that the public is placing too much emphasis on cryptocurrency exchange-traded-funds (ETFs), when, instead, the focus should be on making means for smaller investments.