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NVIDIA Hits Record Second Quarter As Revenues Grow 68%
With incredible demand over the recent months for GPUs, NVIDIA has now recorded a record quarter over Q2 of 2021, seeing revenues soar 68 percent over the three-month period. In concrete numbers, total revenue for the quarter came in at $6.51 billion USD, with its Gaming division performing exceptionally well, seeing an 85 percent growth year over year to reach $3.06 billion USD. Its Data Center branch also did well, accounting for $2.37 billion USD after witnessing a 35 percent growth. Quarterly dividends paid reached $100 million USD, with its next dividend of $0.04 per share coming on September 23 to shareholders as of September 1. “NVIDIA’s pioneering work in accelerated computing continues to advance graphics, scientific computing and AI,” says company founder and CEO Jensen Huang, “E...
$180M scheme launched to bring Aave and Curve to Avalanche
Users of the DeFi protocols will receive liquidity mining incentives in the form of AVAX as part of the Avalanche Rush initiative The Avalanche Foundation revealed yesterday that it was launching a $180 million liquidity mining incentive scheme called Avalanche Rush. The result of this programme will be the deployment on Avalanche of decentralised finance (DeFi) protocols Aave and Curve. The announcement is part of Avalanche’s mission to create a more accessible, scalable and cost-effective DeFi ecosystem. The news follows the launch of the Avalanche Bridge last month, which provides cross-chain interoperability. Ava Labs Co-founder, Emin Gün Sirer, said “Avalanche Rush will be a showcase for users to see the power of Avalanche, and dive into a vibrant community at the cutting edge of dece...
Tron defends price above $0.081, its first major support level
The cryptocurrency market’s correction continues, with Tron and other major cryptocurrencies all recording losses recently The cryptocurrency market has been in correction mode since the start of the week. Bitcoin touched $47,000 during the weekend but has been trading in the red zone since, and it is now below the $45,000 mark. Ether closed in on the $3,300 level during the weekend but has been trading just above $3,000 over the past few days. Thanks to the losses recorded across the board, the total cryptocurrency market cap now stands close to $1.9 trillion. Tron is currently down by 2.5% over the past 24 hours, losing its support level above $0.085000 yesterday. The bulls have been able to defend Tron’s major support level, but it is unclear if they can continue to do so if the current...
Ethereum’s rise to No.1 crypto ‘seems unstoppable’ says deVere Group CEO
The CEO and founder of one of the world’s largest independent financial advisory organizations, the deVere Group, has stated that Ethereum’s price appreciation should continue to beat Bitcoin’s in 2021. The deVere Group chief executive Nigel Green also believes that Ethereum’s value will exceed that of Bitcoin’s within a few short years. “Ethereum is outperforming Bitcoin and it can be expected to continue this trend for the rest of 2021,” he said. Ethereum has gained more than 300% so far this year whereas the world’s most popular digital asset is up 55% by comparison. “In fact, it has outperformed all other benchmark assets in the first half of this year,” added Green according to City AM. The respected analyst attributed two key factors to Ethereum’s stellar performance in 2021. E...
‘Coins’ doco series featuring some of the biggest names in crypto premieres today
A glossy looking documentary series centered on the history of money and cryptocurrency premiere on August 19th at 7:00 am UTC, and features interviews from a long list of top crypto figures. The 12 episode video series is somewhat confusingly called “Coins Podcast” and the first two episodes drop on YouTube today. The show is hosted by Patrick Mclain of blockchain accelerator Mousebelt, and narrated by actor Robert Davi, who has played roles in Die Hard, James Bond: License to Kill and Predator 2. The docu-series features interviews with crypto proponents and key figures in the sector such as FTX founder and CEO Sam Bankman-Fried, ShapeShift CEO Erik Vorhees, Cardano founder Charles Hoskinson, founder/CEO of Global Macro Investor Raoul Pal, and Celsius CEO Alex Mashinsky to name a f...
62% of Robinhood’s Q2 crypto revenue was from Dogecoin trading
Popular retail trading app, Robinhood, has revealed crypto trading surged in popularity on the platform and now represents 41% of its revenue. According to its second-quarter financial results published Aug. 18, the firm generated $233 million from crypto trading services for the quarter, up from $5 million for the entirety of 2020. More than 60% of funded Robinhood accounts traded digital assets during Q2 2021. With early 2021 witnessing the speculative dog-token trading frenzy, a whopping 62% of Robinhood’s crypto revenue was derived from Dogecoin trades. The earnings report is the first released by Robinhood since it became a public company. Vlad Teev, co-founder and CEO of Robinhood, stated: “We’re encouraged by the number of people who are accessing the financial system for the first ...
BREAKING: Liquid exchange hacked to the tune of $80 million
Japanese exchange Liquid has been hacked with about $80 million in digital assets moved off the platform. The exchange confirmed the security breach in a tweet that exposed the wallet addresses implicated in the breach. The following assets had been transferred to hacker’s following addresses (Further investigation to come):BTC: 1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7qETH/EWT: 0x5578840aae68682a9779623fa9e8714802b59946TRX: TSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbpXRP: rfapBqj7rUkGju7oHTwBwhEyXgwkEM4yby — Liquid Global Official (@Liquid_Global) August 19, 2021 Liquid has not yet confirmed exactly how much has been taken, but based on the related addresses, more than 107 BTC, 9,000,000 TRX, 11,000,000 XRP, and almost $60 million worth of ETH and ERC-20 tokens appear to have been taken by the hacker...
Court orders Biden administration to redo ‘legally flawed’ reviews of Conoco Alaska oil project
The court also ruled that the endangered species review FWS made under the previous administration ”is not in accordance with the law because it lacks the requisite specificity of mitigation measures for the polar bear.” “Because the Court concludes that portions of FWS’s biological opinion are invalid, BLM’s reliance on it is unlawful,” the court concluded. Environmental groups and Alaskan tribes that had been fighting the project hailed the court decision. “Today’s court win recognizes that our land and our people deserve dignity and a pursuit of greater meaning,” said Siqiñiq Maupin, executive director of Sovereign Iñupiat for a Living Arctic. An Interior spokesperson declined to comment. “Make no mistake, today’s ruling from a federal judge trying to shelve a major oil project on...
The Judds Are Just the 4th Act to Go From Winning CMA Horizon Award to Country Music Hall of Fame
Garth Brooks: The superstar who took country to a whole new level won the horizon award in 1990 and was voted into the Hall in 2012—just 22 years later. It really can’t be done much faster than that. He beat Alan Jackson, Kentucky Headhunters, Lorrie Morgan and Travis Tritt for the horizon award. (Tritt nabbed the horizon award the following year. CMA rules allow artists two tries at the award.) Randy Travis: The country and gospel singer won the horizon award in 1986 and was voted into the Hall in 2016—30 years later. He beat the Forester Sisters, Kathy Mattea, Dan Seals and Dwight Yoakam for the horizon award. Ricky Skaggs: The country and bluegrass musician won the horizon award in 1982 and was voted into the Hall in 2018—36 years later. He beat John Anderson, Rosanne Cash, David Frizze...
Robinhood Says Over 60% of Funded Accounts Traded Crypto in Q2
No-fee trading app Robinhood released its second-quarter 2021 results on Wednesday, noting that over 60 percent of its net cumulative funded accounts were trading in crypto. According to the release, Robinhood said its customers engaged with crypto at “record levels” and “demonstrated significant interest in cryptocurrencies.” Digital coins accounted for $233 million USD in transaction-based revenues, compared to $5 million USD in the second quarter of 2020. In addition, this is the first quarter where a larger share of new customers placed their first trade in crypto. Total net revenues increased 131 percent to $565 million USD, compared with $244 million USD in the previous quarter. “We’re happy to expand access through products like commission-free crypto trading, which saw strong growt...
Quant, Arweave and Avalanche soar while Bitcoin searches for support
The cryptocurrency market once again entered a period of uncertainty on Aug. 18 as the price of Bitcoin (BTC) struggled to find momentum below $46,000 and large-cap altcoins pulled back slightly. Several projects did manage to buck the trend and post double-digit gains thanks to cross-chain integrations and protocol upgrades that excited their respective communities and provided traders with lower-fee Ethereum network alternatives. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Quant (QNT), Arweave (AR) and Avalanche (AVAX). AR continues its hot streak Arweave’s AR token has been one of the top-performing coins over the past week, w...
Vienna Stock Exchange will list crypto ETPs from ETC Group
London-based financial services firm ETC Group will list its entire portfolio of crypto exchange-traded products (ETPs) offering exposure to Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) on Austria’s national stock market. In a Wednesday announcement, the ETC Group said the Wiener Börse, or Vienna Stock Exchange, would be listing three of its crypto exchange-traded products that are “100% physically backed and central counterparty cleared.” These include the firm’s carbon-neutral Bitcoin product, a Litecoin-based product and its Ether ETP. The ETC Group has already made similar listings on stock exchanges in London, Paris, Amsterdam, Zurich and Frankfurt. The ETPs are aimed at allowing investors exposure to crypto with the regulatory protections afforded to traditional ...
