February 2019 | Page 51 of 104 | Last Cryptocurrency News Feed

Nvidia Says Crypto Drop-Off Helped Drive ‘Disappointing’ Fourth Quarter

news U.S.-based graphics card maker Nvidia has said the downturn in sales to cryptocurrency miners drove a “disappointing” fourth quarter. In its latest financial report, published Thursday, the firm said for Q4, ending Jan. 27, it made revenue of $2.21 billion, down 24 percent from $2.91 billion in the same quarter last year, and down 31…

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Detected Cryptojacking Prompts Microsoft to Remove Eight Free Apps from Microsoft Store

United States-based software corporation Microsoft has removed eight Windows 10 applications from its official app store after cybersecurity firm Symantec identified the presence of surreptitious Monero (XMR) coin mining code. The news was reported by Symantec on Feb. 15.Stealth crypto mining — also know as cryptojacking – works by installing malware that uses a computer’s…

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Luxembourg Passes Bill to Give Blockchain Securities Legal Status

news The European nation of Luxembourg has just passed a bill providing a legal framework for securities issued over blockchains. According to a notice published Thursday, the country’s Chamber of Deputies, the county’s parliament, passed the bill on Feb. 14 with 58 members supporting the legislation and only two voting against. Titled Bill 7363, the…

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Majority of Voters Support ASIC-Resistant ETH Algorithm Implementation, Online Vote Shows

An online vote over the implementation of ProgPoW in the Ethereum (ETH) proof-of-work (PoW) algorithm shows a majority in favor of the change, according to the results updated today, Feb. 15, on the dedicated voting portal.ProgPoW is an application-specific integrated circuit (ASIC)-resistant PoW algorithm meant to replace ETHhash, Ethereum’s current PoW algorithm.By defining the algorithm…

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Bitcoin’s Sideways Drift Has Shifted Price Recovery Target to $3.7K

markets View Bitcoin’s six-day-long consolidation near $3,600 has neutralized the bullish view put forward by a falling wedge breakout confirmed on Feb. 8. The follow-through to that bullish breakout has been extremely weak with prices unable to challenge the highs above $3,700 hit last Friday. A move above $3,711 (Feb. 8 high) would validate the…

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Nvidia Says Crypto Drop-Off Help Drive ‘Disappointing’ Fourth Quarter

news U.S.-based graphics card maker Nvidia has said the downturn in sales to cryptocurrency miners drove a “disappointing” fourth quarter. In its latest financial report, published Thursday, the firm said for Q4, ending Jan. 27, it made revenue of $2.21 billion, down 24 percent from $2.91 billion in the same quarter last year, and down 31…

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Ripple CEO Brad Garlinghouse Says JPMorgan Coin ‘Misses the Point’ of Crypto

Ripple (XRP) CEO Brad Garlinghouse says the newly-announced digital asset from United States banking giant JPMorgan Chase “misses the point” of cryptocurrency, according to a tweet published on Feb. 14.As reported, JPMorgan Chase revealed its blockchain-powered JPM Coin yesterday, saying the asset will initially be used to increase settlement efficiency in select operations. Directly following…

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Liechtenstein’s Postal Service to Offer Crypto Exchange Services at Physical Locations

Liechtensteinische Post AG, the country’s official postal service, plans to offer cryptocurrency exchange services at their physical locations, according to an official announcement published on Feb. 14.The postal service will allow customers to exchange their fiat to Bitcoin (BTC) in one of its offices in Vaduz, the country’s capital, starting on Feb. 15. After purchasing…

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Major Canadian Exchange Coinsquare Acquires Zero-Fee Payment Network StellarX

Major Canadian crypto exchange Coinsquare has acquired StellarX, a Stellar (XLM)-based zero-fee decentralized payment network, according to a press release published on Feb. 14.According to the announcement, Bermuda-based StellarX will be a fully owned subsidiary of Coinsquare and will seek regulatory approval to operate and expand its service under Coinsquare’s compliance.The new acquisition has followed…

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Grayscale Q4 2018 Report: Institutional Investors Provide 66% of Capital Inflow

Digital asset management fund Grayscale Investments latest crypto investment report released on Feb. 14 reveals that capital inflow from institutional investors is on the rise.For Q4 2018, Grayscale reports that institutions accounted for the majority of investments — at 66 percent. As well, investors were almost exclusively based in the United States (99 percent), although…