Nvidia Q2 revenue beats expectations in record-setting boost to AI sector
The company expects next quarter to be even better with improvement projected across nearly every vertical.
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Bitcoin mirrors 2020 pre-breakout, but analysts at odds whether this time is different
Bitcoin (BTC) failed to break $20,000 despite a new weekly high on Oct. 18 as market watchers waited for action.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin meanders as stocks climbData from Cointelegraph Markets Pro and TradingView showed BTC/USD defying volatility once again on the day.The pair stayed noticeably stable despite stronger moves for United States…
MakerDAO Users Vote on ‘Stability Fee’ Increase as DAI Stablecoin Peg Wobbles
Decentralized Autonomous Organization (DAO) MakerDao (Maker) will let users vote on whether or not to raise a fee used within its Dai (DAI) stablecoin, the organization confirmed in a blog post on Mar. 4.Dai, which is a USD-backed stablecoin, is different from Maker’s utility token, MKR, which is trading at $678 by press time. The…
Derivatives are coming to Coinbase, following purchase of FairX
America’s largest crypto exchange announced it has acquired derivatives exchange FairX and plans to begin offering derivatives trading to US customers in the future. 153 Total views 19 Total shares Major U.S. crypto exchange Coinbase, the third largest in the world by 24 hour volume, intends to enter the derivatives trading markets, having acquired the…
El Salvador explores low-interest loans backed by Bitcoin
The Salvadoran government is looking to create a Bitcoin-backed loan product for micro and small businesses across the country. 515 Total views 7 Total shares It’s full steam ahead for El Salvador’s Bitcoinization. The next point on the orange agenda is in providing low-interest loans backed by Bitcoin (BTC) to small and micro-businesses.While the details…
Top 5 Cryptos This Week (Feb 23): XTZ, HEDG, ATOM, MKR, LTC
After numerous big companies exited Facebook’s Libra project and several regulators voiced their concerns, news about the project had taken a back seat. However, this week, the Libra Association announced that E-commerce giant Shopify had joined the network.The Libra Foundation said that Shopify, an online marketplace hosting more than one million merchants, would be an…
It’s Never Been Harder to Mine Bitcoin as Hash Rate Hits New Highs
The mean hash rate of the Bitcoin (BTC) network has hit new all-time highs to mark the cryptocurrency’s latest technical achievement, fresh data suggests.Compiled by monitoring resource Glassnode, a new analysis of Bitcoin’s historical hash rate shows that on Jan. 7, the mean value reached 119 quintillion hashes per second — its best ever at…
Furucombo to issue iouCOMBO tokens to repay victims of $15M exploit
Hacked DeFi service Furucombo will issue "iou" tokens as part of its compensation plan to repay 22 affected users. 2421 Total views 15 Total shares Decentralized finance transaction combination tool Furucombo will compensate the victims of a recent “evil contract” exploit that cost the protocol $15 million in stolen funds.Following an internal call with affected…
Hong Kong central bank warns against crypto firms using banking terms
The HKMA said that funds placed on unlicensed “crypto banks” are not protected by the region’s deposit protection scheme. 1227 Total views 7 Total shares The Hong Kong Monetary Authority (HKMA) has issued a warning to users that crypto businesses presenting themselves as banks and using banking terminology could be violating the region’s banking laws. In