Nvidia said it has “limited visibility” into how much the firm’s crypto mining hardware impacted its overall GPU demand in the second quarter this year, as revenue over the past three months ending Ju...
Tag: Impact
Nvidia cites limited visibility into crypto mining’s impact on Q2 results
Graphics card giant Nvidia CFO Colette Kress says the company has been unable to estimate reduced crypto mining demand impacted its Q2 results, which fell short of analyst expectations on Wednesday. ...
Here’s How the Ethereum Merge Will Impact Miners
The date for Ethereum’s transition from a Proof-of-work based consensus mechanism to a proof-of-stake mechanism is inching closer. The change is being done to lower the energy consumption, and carbon ...
Biden canceled billions in student debt, but what he plans to do next could have an even bigger impact
Biden canceled billions in student debt, but what he plans to do next could have an even bigger impact With billions of dollars of student debt cleared from the books, millions woke up today to a diff...
Interview with Timothy Wong, Head of Impact Lab at AAX
One of the leading cryptocurrency exchange platforms, AAX recently announced the launch of AAX Impact Lab, focusing on fostering innovation in the crypto and blockchain sector. To understand more abou...
Baltimore Ravens’ Isaiah Likely Primed To Make Key Rookie Impact
GLENDALE, ARIZONA – AUGUST 21: Tight end Isaiah Likely #80 of the Baltimore Ravens runs with the … [+] football after a reception against the Arizona Cardinals in a NFL preseason game at S...
Ethereum: What could be the impact of Merge on ETH trading
Ethereum has occupied the center stage of the crypto market since Merge talks came to the fore. After years of speculation, users will finally get a chance to witness Ethereum’s transition to Proof-of...
Bitcoin mining stock report: Friday, August 19
Most bitcoin mining stocks fell by double digits on Friday as bitcoin’s price dropped below $22,000. The coin was trading at around $21,400 at market close, compared to$23,400 the day before. HI...
US Trustee moves to appoint examiner in Celsius bankruptcy case
The United States Trustee wants to appoint an examiner to embattled lender Celsius to produce an unbiased public report providing transparency on the firm’s business operations, investments, tra...
Bitcoin mining stock report: Thursday, August 18
A majority of bitcoin mining stocks fell on the stock market on Thursday, while some still recovered. Bitcoin was trading at around $23,400 at market close, according to data from TradingView. Hut 8&#...
US lawmakers eye environmental impact of crypto mining
US House lawmakers are seeking information from four crypto mining companies in an effort to understand the environmental impacts of blockchain technology. The House Energy and Commerce Committee sent...
What If Ethereum Merge Goes Wrong, Here’s How It Could Impact?
As the cryptocurrency market prepares for next month’s Ethereum Merge, volatility is all over the place in the ecosystem. With Merge, there could be a ripple effect on other cryptocurrencies as well. ...
House Lawmakers Send Letters to 4 US Crypto Miners Asking for Details on Environmental Impact
“Blockchain technology holds immense promise that may make our personal information more secure and economy more efficient,” the letters said. “However, the energy consumption and hardware required to...
Senator claims the FDIC is stonewalling banks that try to work with crypto
Senator Pat Toomey, R. PA, is calling the Federal Deposit Insurance Corporation to account for its work in crypto. In an August 17 letter to FDIC acting chairman Martin Gruenberg, Toomey says the age...
Tornado Cash Ban Impact on USDC and USDT
Tornado Cash ban in the United States brings news of its repercussions every now and then. Out of these, some are factful instances while others are just wild guesses. Amidst this chaotic situation, c...
Banks should notify Reserve Board before engaging in crypto activity
The Federal Reserve Board released new information for banking organizations that want to engage in crypto-asset activities on Tuesday. Board-supervised banks should notify the board before engaging ...
IRS targets SFOX users for possible tax crimes
The IRS can serve a John Doe summons on crypto prime dealer SFOX, according to an order entered by a federal district in California on Monday. The order allows the agency to seek information about tax...
Bitcoin miner Riot posts $366.3 million net loss in second quarter
Bitcoin miner Riot reported a net loss of $366.3 million in the second quarter, mainly due to a $349.1 goodwill impairment charge and a $99.8 million impairment charge on its bitcoin reserves. The com...
The Merge Will Not Impact Gas Fees, Transaction Speed, ETH Staking
Ethereum.org, the official website of Ethereum, has updated 8 misconceptions about the Merge as the community awaits the anticipated upgrade on September 15. The Merge will not reduce gas fees, make t...
Experts Think Tornado Cash Ban Would Impact The Whole Privacy Protocol Sector
Many experts around the crypto space have concerns. The ban on Tornado Cash by the US could escalate issues for the broader private protocols space. The common notion emerges from the situation. Numer...
Worried about inflation’s impact on your retirement savings? Invest in cryptocurrency
Around the world, personal financial stress is peaking. A recent study in America found that more than three in four people feel anxious about their financial situation. This is seeding anti-risk ment...
BitGo says it will seek over $100 million after Galaxy moves to end acquisition
BitGo has hit back against Galaxy Digital, which announced earlier Monday the termination of its plan to acquire the crypto custody firm. In a statement shared with The Block, BitGo said it “int...
How Will it Impact the Price of Shiba Inu?
SHIB Metaverse: Shiba Inu is one of the best-known cryptocurrencies on the market, was launched in August 2020. A little over 5 months ago, it announced the launch of its new project known as SHIB Met...
Pandemic’s Impact On China’s Economy Is Only Short Term, U.S. Ambassador Says
Ambassador Qin Gang at the Fourth U.S.-China Business Forum. China’s Embassy to the U.S. The impact of the Covid-19 pandemic on China’s economy is only short-term, China Ambassador to the U.S. Q...
US Sanctions Virtual Currency Mixer Tornado Cash: What Will Be The Impact of This Crackdown?
In a major move, the US Treasury has sanctioned Tornado Cash, a virtual currency mixer, after news of money laundering of more than $7 billion cost of virtual currency since its foundation in 2019. T...
Block’s Mike Brock on ‘Web5’ and the role of digital identities
Episode 74 of Season 4 of The Scoop was recorded live at The Block headquarters with The Block’s Frank Chaparro and TBD Lead at Block, Mike Brock. Listen below, and subscribe to The Scoop on App...
Over 5.3 Billion SHIB Burned via This Platform Since July; Here Is Impact on Price
Data from the Shibburn Twitter account indicates that more than 5.3 billion SHIB have been burned in different transactions since July. In the past 24 hours, the Shib burn tracker reported over 135,41...
Vitalik Buterin Plays Down Impact of Ethereum Forks After Merge
The blockchain plans to switch to a proof-of-stake (PoS) mechanism, an event known as The Merge, next month in a move developers say will make it cheaper, faster and environmentally friendly. The chan...
Mark Cuban says Cardano has not had ‘much of an impact’
During a recent interview, entrepreneur Mark Cuban said Cardano “is just not there yet” when it comes to impacting the cryptocurrency space. Cardano is not there, according to Cuban Speaking to Altcoi...
Economic Impact of Adopting Bitcoin as Alternative for Goods and Services in United States
The United States has always been a leader in innovation and adopting new technologies. The country is home to some of the most cutting-edge companies and has a long history of adopting new technologi...
China’s trade with Africa gets boost from rising commodity prices despite impact of Covid controls
Trade between China and Africa grew by 16.6 per cent to US$137.4 billion in the first half of this year, boosted by a recovery in commodity prices, especially oil. China imported goods worth US$60.6 b...