Nvidia, which saw a massive drop in GPU sales due to the crypto bear market, is now confident it will sell out leftover inventory in Q1. Major global chip maker Nvidia expects to complete sales of remaining inventory built up in expectation of crypto mining demand, according to a Bloomberg report on March 19. The […]
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The platform should go live March 26, Huobi executives say, and will be available for both major and private investors. Singapore-based cryptocurrency exchange Huobi Global is launching a dedicated platform for pre-release token sales, the company confirmed in a blog post on March 20. The platform, dubbed Huobi Prime, aims to give participating investors access […]
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Major South Korean cryptocurrency exchange Bithumb is reportedly slashing up to 50 percent of its workforce. Major South Korean cryptocurrency exchange Bithumb is reportedly cutting up to 50 percent of its workforce, a report from CoinDesk Korea stated on March 18. According to the report, an unnamed official has confirmed that the exchange will reduce […]
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Jeremy Allaire has said that stablecoins using open standards will prevail as the sector continues to see new market entrants. Jeremy Allaire, co-founder and CEO of payments company Circle, has said that as the sector continues to see new market entrants, stablecoins using an open standards approach will prevail. Allaire made his remarks during an […]
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The new product comes as Bitmain continues to fight a market slowdown which has resulted in cost-cutting moves. Cryptocurrency mining giant Bitmain has released a new version of its Antminer Z series machines for Equihash algorithm coins, the company confirmed in a blog post on March 19. The Antminer Z11, which comes around ten months […]
Continue ReadingDespite the large number of opponents and rumors of collusion between Ethereum developers and GPU producers, the ProgPoW algorithm has been supported by 94 percent of the community. Ethereum (ETH) network users have unanimously supported the ProgPoW algorithm, which is expected to make the platform resistant to application-specific integrated circuit (ASIC) miners. Initially, opponents of […]
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The mining giant has yet to confirm the news officially, which appeared in a Chinese finance newspaper. Chinese cryptocurrency mining manufacturer Canaan Creative has completed a multimillion-dollar funding round, local finance news outlet Securities Times reported on March 11. Canaan, which has not officially confirmed the report, is rumored to have raised an unspecified sum […]
Continue ReadingDiar finds that signs of recovery follow dips in mining revenue to their lowest since August 2017. Bitcoin (BTC) mining revenues have begun climbing after falling to their lowest levels in 18 months, statistics from cryptocurrency industry newsletter Diar confirmed Mar. 4. Capping a troubling year for miners, February saw revenue drop to amounts not […]
Continue ReadingFirst Digital Assets will reportedly make significant adjustments to its staff size as a result of the current bear market. Gibraltar-registered Israeli blockchain application platform First Digital Assets (FDA) will fire most its employees in a major restructuring process, the company confirmed to Israeli English-language news resource Globes on March 4. FDA, which operates multiple […]
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Just eight months after its launch, Huobi’s Australian subsidiary is to be subsumed under the Huobi Global canopy. Eight months after its launch, Huobi’s Australian subsidiary is to be subsumed under the Huobi Global canopy, according to an official tweet published on Feb. 24. In a Facebook post published today, Feb. 25, Huobi Australia cited […]
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