Nvidia Kripto Para Piyasasına Yatırım Yapmayacağını Duyurdu | Kripto Kılavuz
Connect with us

News

Nvidia Crypto Announces No Investment in the Money Market

Nvidia's CEO said at a recent conference in Tel Aviv that the company did not intend to enter the crypto-currency market. Calcalistech reported that after the fall in crypto-currency prices, the American chip manufacturing giant had declined in the last quarter of 2018.

Nvidia Sneaks Wounds After Crypto Coins Price Drop

Jensen Huang, CEO of Nvidia Corporation, recently announced that the company has no plans to enter the virtual money sector. According to a report by Calcalistech, Huang's statement revealed that the company was not ready for the industry.

The CEO, however, said he was trying to look optimistic for the virtual money industry:

“I believe the crypto currency has a place. Hopefully, I hope you will find different algorithms that require a little less computation and they won't need our GPUs in the future, but I believe that the crypto currency has a place in the future. "

The chip manufacturing giant experienced an explosion in sales. Nvidia has made GPU cheats for digital money miners in 2017 with the increase in the price of the crypto currency. The demand for GPUs increased and the company was over-increased and increased production.

Inventory of Non-Sold Products

However, when the price of the virtual currency fell and the decrease in demand for GPU chips had a negative impact on the company, there were many unsold stock chipsets the company was still trying to sell.

With the price drop of the virtual currency, Nvidia's share fell down to $ 127 a share and hit a big hit. Towards the end of the fourth quarter, the chip maker had to cut revenue estimates.

However, Huang said that the company's unsold inventory will be disposed of in April 2019. The CEO also expressed optimism on delivery, saying the recovery process is going on and will soon be the usual job.

Chipset Manufacturers go away from Crypto Money Mining

Nvidia is not the only chip maker to give up the crypto-money mining scene in view of the long-standing bear market in 2018. Like Nvidia, Taiwan-based Gigabyte Technology Ltd. he thinks it would be difficult for a long time to get a huge profit from the virtual money boom.

Advertisement
Click to comment

Leave a Reply

Your email address will be published. Required fields are marked *

Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Continue Reading

Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Continue Reading

Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

To be the first to be informed of the most important crypto money news and price analysis: You can follow us at Telegram!

Source: Cointelegraph

Continue Reading
Advertisement

Current Chart

Click for More

Don't forget to follow us on Twitter

Popular Topics

Don`t copy text!
en_USEnglish