GPU manufacturer Nvidia has adjusted its projected sales revenue for Q4 to be lower than previous estimates. Taiwan-based computer hardware producer Nvidia updated its financial estimates for Q4 for the fiscal year of 2019, according to a press release on Jan. 28. The company is reflecting weaker forecasted sales in its gaming and data center […]
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Ahead of the release of AMD’s Q4 2018 report, some analysts predict that a “crypto hangover” could still be affecting the company’s revenues. Ahead of the release of Advanced Micro Devices’ (AMD) fourth quarter (Q4) report for 2018, analysts state that the company could still be facing problems due to a “crypto hangover,” business news […]
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Bitmain’s CEOs might be stepping down because of the bear market. On Jan. 10, news emerged that Chinese Bitcoin mining giant Bitmain’s co-founders, Jihan Wu and Micree Zhan Ketuan, will step down as co-CEOs of the company. The move follows a streak of reports suggesting that Bitmain has been facing mass layoffs, class action lawsuits and […]
Continue ReadingEstonia-based DX Exchange, a platform powered by Nasdaq’s technology, has announced the crypto and tokenized stocks available to trade. Nasdaq-powered DX Exchange announced the platform’s launch and available trading pairs in a series of tweets Jan. 6. The digital trading platform uses Nasdaq’s Financial Information Exchange (FIX) protocol. As Cointelegraph previously reported, users of the […]
Continue ReadingBitcoin Private confirmed the secret creation of an additional 2 million coins, and South Korea rules in favor of Bithumb in investor lawsuit. Top Stories This Week Nvidia Faces Class Action Lawsuit Over Losses After Lower GPU Mining Demand Graphics processing unit (GPU) producer Nvidia is currently facing a class action lawsuit over losses that […]
Continue ReadingMost of the top 20 cryptocurrencies are reporting discreet losses, with Bitcoin worth less than $3,900 again. Sunday, Dec. 30 — most of the top 20 cryptocurrencies are seeing discreet losses while a few report discreet gains. Bitcoin’s (BTC) price is under $3,900 again, according to Coin360 data. Market visualization from Coin360 At press time, […]
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The CEOs of leading mining ASIC producer Bitmain will be allegedly soon be retiring to give place to a successor surnamed Wang. Jihan Wu and the Jenke Group will be reportedly soon retire as CEOs of leading mining ASIC producer Bitmain. Rumors about their departure were reported by Chinese local media Odaily on Dec. 28. […]
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GPU producer Nvidia is facing a class action lawsuit over the losses reported by the company when demand for GPUs by miners diminished. Graphics processing unit (GPU) producer Nvidia is facing a class action lawsuit over the losses reported by the company when lower crypto prices diminished demand for GPUs by miners. Schall law firm […]
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The top 20 cryptocurrencies are mostly in the red, with Bitcoin dropping back under $3,900. Saturday, Dec. 22: most of the top 20 cryptocurrencies are seeing moderate losses, with Bitcoin (BTC) struggling to stay near $3,900. Market visualization from Coin360 At press time, Bitcoin is down almost 5 percent over the last 24 hours, trading […]
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Taiwan-based GPU producer Nvidia is the S&P 500’s worst performer in Q4 2018, as crypto mining sales have all but disappeared. The drastic decrease in crypto mining profitability has hit graphics processing unit (GPU) producers like Taiwan-based Nvidia hard. In Q4 2018, the firm experienced a massive sell-off of its shares, cutting the stock price […]
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