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.  The chip giant released its financial results for the three months ended Jul. 31y, which revealed a 19% quarter-on-quarter drop in revenue to $6.5 … Read more

Spirit Blockchain Capital to List on CSE in September

British Columbia, Canada-based Spirit Blockchain Capital Inc. (Spirit), which focuses on blockchain and digital assets, announced that it has received listing approval from the Canadian Securities Exchange (“CSE”). The company expects to begin trading shares of its common stock on the Canadian Securities Exchange in September. The exact time is still waiting for the exciting … Read more

Coinme Introduces 6 Additional Crypto Instant Trading by Cash

Coinme, a major cryptocurrency cash exchange based in Seattle and Washington, announced on Wednesday that it has introduced six additional cryptocurrencies to its list of buyable assets from its 10,000 grocery store kiosks across the United States.   Ether (ETH), polygon (MATIC), Chainlink (LINK), dogecoin (DOGE), Litecoin (LTC), and stellar (XLM) are now available for … Read more

People still ‘underrate’ the superiority of crypto payments

Ethereum co-founder Vitalik Buterin suggests the superiority of cryptocurrency for payments is often “underrated” compared to fiat, pointing to the convenience of international payments and payments to charities as key examples.  Buterin made the comments in a Twitter thread on Aug. 24, explaining that it’s not just resistance to censorship, but also convenience that makes … Read more

Over $100m Worth NFTs Stolen YoY: Elliptic

The theft of digital currencies might have been more publicized in the past year, but Non-Fungible Tokens (NFTs) have also had their fair share of exploits and cash drains. According to a new report from blockchain analytics startup Elliptic, a total of $100 million worth of NFTs have been reported stolen from July 2021 to … Read more

Beijing Launches Two-Year Metaverse Development Plan

The Beijing municipal government has announced a two-year (2022 – 2024) Metaverse innovation and development plan that will require all districts to follow the newly released Web3 innovation program guidelines. The development action plan describes the ‘Metaverse’ as a new generation of information technology integration and innovation that will drive the growth of the internet … Read more