Nvidia Posts Record Q3 Earnings, Sales of GPUs to Crypto Miners Reach $175 Million

Nvidia released its earnings for the third fiscal quarter of 2021 this week, showing better-than-expected results, driven by sales of its graphics processing unit (GPU) chips. The firm reported graphics segment revenue of $2.79 billion for the quarter, beating analyst estimates of $2.1 billion. Within the graphics segment also falls the gaming division. Nvidia said that its new line of graphics cards based on a new technology called Ampere drew strong interest from computer and videogame console developers. For example, one of the new models, the Geforce RTX 3080, went…

Read More

Singapore is exploring wholesale CBDC, local exec says

The chief fintech officer at Singapore’s central bank told Cointelegraph about his thoughts about Singapore’s wholesale CBDC. Singapore is exploring wholesale central bank digital currency, or CBDC, said Sopnendu Mohanty, chief fintech officer at Singapore’s central bank and financial regulator, the Monetary Authority of Singapore. Speaking on the subject during an exclusive interview with Cointelegraph, Mohanty pointed out that in Singapore, there is not much demand for a retail CBDC given that payment system infrastructure in the country already allows fast and cheap payments among individuals. Instead, Singapore’s central bank…

Read More

Blog Author Tipped $10,000 for Well Phrased Peer-to-Peer Cash Conviction

Following the Bitcoin Cash upgrade, the BCH proponent known as Mobtwo published a post on the read.cash blogging website called “Bitcoin Cash – Simple Fundamentals.” The editorial’s author says he wholeheartedly believes that BCH will one day overtake BTC in the long run. After the read.cash blog post published, Mobtwo’s article was tipped $10,000 worth of BCH from a single donor for his strong convictions. The BCH supporter known as Mobtwo has been well known in the Bitcoin Cash community for quite some time now. On November 18, three days…

Read More

Law Decoded: Green lights of the SEC, black flags of Binance, Nov. 13–20

Libel laws and new faces at the U.S. securities regulator lead the week’s news. Editor’s no Amid a political news cycle that has been stuck in a nauseating loop, covering crypto is often refreshing. Partisan forces have yet to dig out the trenches. A lot of the current task is just getting working definitions in play.  Meanwhile, the technology advances at a mind-boggling rate, and there are still enough outrageous scams, absurd tomfoolery and indeed general skulduggery to keep everything from getting dull. Speaking of skulduggery, I will begin this…

Read More

Fake Uniswap app on Google Play Store has already lost one user $20,000

The fraudulent mobile app has already received over 100 downloads. A fraudulent mobile application claiming to be the Uniswap exchange has reportedly stolen money from an investor, offering an important reminder of the scams that still pervade the nascent cryptocurrency industry. Alex Saunders, founder and CEO of the Australia-based Nuggets News, recently reported that one of his members lost $20,000 to a fake Uniswap mobile application that was listed on the Google Play Store. The app, called “Uniswap DEX,” was published Nov. 10 by a person or entity called Uniswap…

Read More

4 reasons why Bitcoin price is on the verge of a new all-time high

Bitcoin price looks on track to set a new all-time high for these 4 key reasons. Earlier today the price of Bitcoin (BTC) hit $18,815 on Binance for the first time in nearly three years. Following the breakout, BTC is on track to see a new all-time high in the near term for four significant reasons. The factors that make a new record high likely are growing institutional demand, reduced selling pressure, a spot-driven market rally, and the significance of the $18,500 resistance breach. BTC/USD 4-hour chart. Source: TradingView.com Bitcoin…

Read More

Poloniex exchange goes down on the brink of new Bitcoin all-time high

When all eyes are on Bitcoin, exchanges sometimes suffer difficulties. With a new all-time price high in sight for Bitcoin, crypto exchange Poloniex recently went offline. “Poloniex is currently unavailable due to an unexpected issue,” the exchange’s customer support Twitter page said on Friday. “We are investigating the issue and will keep you updated here throughout.” Bitcoin has yielded exuberant upward price action in recent weeks, as well as catching growing attention. When traffic becomes dense on exchanges, their systems sometimes go down, locking out traders. This has happened with…

Read More

Bitcoin shortage is real, and PayPal is the cause, Pantera Capital claims

Bitcoin’s supply crunch could be having a dramatic impact on price, according to Pantera Capital. PayPal’s entry into the cryptocurrency market could be having a dramatic impact on the Bitcoin (BTC) price.  In a newly published report, crypto investment firm Pantera Capital says a Bitcoin shortage is at the heart of the recent price surge and that the majority of newly minted BTC is being scooped up by PayPal. PayPal’s new crypto service is “already having a huge impact,” Pantera claims, adding that the payment merchant is snatching up roughly…

Read More

IMF lawyers argue that central banks need reform before they can issue CBDCs

New and developing research from the International Monetary Fund suggests that central banks around the world need new legal definitions for tokenized currencies. On Friday, the International Monetary Fund published a new working paper on central bank digital currencies, or CBDCs, and their legal ramifications.  In the paper, researchers including IMF legal counsel Wouter Bossu and Catalina Margulis argue that current frameworks are inadequate for issuing public-facing CBDCs. The researchers are particularly concerned about how existing definitions of money can apply to such a new technology, but, optimistically, suggest the…

Read More

Video: Nick Szabo, Adam Back And David Chaum On The History Of Bitcoin

Listen To This Episode: Apple Spotify Google Libsyn In this episode of Bitcoin Magazine’s Bitcoin In Asia, some of the godfathers of Bitcoin — Nick Szabo, Adam Back and David Chaum — discuss the history of the technology with host John Riggins. This episode was recorded during a live panel from Seoul at Korea Blockchain Week and is laid out as a history of the ideas and events that led to Bitcoin from their first-person accounts. It also features their current thoughts on the latest experiments in Bitcoin and what…

Read More