The tech giant is just over $500 million away from topping its more than $10 billion Metaverse department losses in 2021, but it said its spending will only grow next year.
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Nvidia cites limited visibility into crypto mining’s impact on Q2 results
Nvidia’s CFO said falling crypto prices and changes in consensus mechanisms have in the past impacted demand for its products and the company’s ability to estimate it.
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‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss
The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter.
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Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test
A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed to show the digital currency’s carbon footprint would be […]Powered by WPeMatico
Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests
Most institutional investors look forward to adding digital assets to their portfolios, in spite of concerns over crypto market volatility. More than half of the respondents in a new survey conducted by Fidelity’s crypto subsidiary have revealed they already have digital asset investments. Poll Confirms Strong Institutional Interest in Digital Assets Despite the uncertain regulatory […]Powered by WPeMatico
Could blockchain end bitter vote-rigging disputes once and for all?
There are fears that voting on the blockchain might not be practical. Instead, the real value of this technology may be linked to counting ballots afterwards.
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US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector
Financial results released by two U.S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well. One of the crypto-friendly institutions, Silvergate Bank, has seen an increasing number of crypto clients throughout the year. Also read: Swiss Bank Julius […]
The post US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector appeared first on Bitcoin News.
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Silk Road Questions Unanswered as Ulbricht Gathers 60K Clemency Signatures
Ross Ulbricht was sentenced to life in prison back in 2015 for operating the Silk Road marketplace but many people believe he should be set free. The Ulbricht family, aided by his new Twitter account @RealRossU, has managed to gather close to 60,000 signatures in a petition for his clemency. Meanwhile, many questions surrounding the […]
The post Silk Road Questions Unanswered as Ulbricht Gathers 60K Clemency Signatures appeared first on Bitcoin News.
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