Crypto Markets See More Slump After Short Recovery Attempt, Bitcoin Holds Gains

Saturday, Aug. 11: after short-lived recovery attempt yesterday, cryptocurrencies have suffered another slump today. Almost all cryptocurrencies are down by significant percentages, with Bitcoin (BTC) being a notable exception among the top 20 market cap, up under one percent on the day. Crypto market visualization from Coin360 Bitcoin is trading sideways, up by about 0.1 …

Despite Crypto Mining Decline, Nvidia Will See Increased Revenue This Quarter

Analysts polled by FactSet suggest that Nvidia will see increased revenue this quarter despite “waning” cryptocurrency mining, Marketwatch reported August 10. The purported increase is due to strong demand for gaming devices and data-centers. While analysts suggest that the company’s revenue from crypto mining hardware will decline, the U.S.-based graphic processing units (GPU) manufacturer will …

Tezos Foundation to Issue Grants for Blockchain and Smart Contract Research

The Tezos Foundation has announced it will be issuing financial grants to research institutions for blockchain tech and smart contracts development, according to an official press release published August 9. The Tezos Foundation will provide grants to four research institutions: Cornell University, the University of Beira Interior, the University of Illinois at Urbana-Champaign, and France-IOI, …

World Bank Mandates Commonwealth Bank of Australia to Issue Bond Using Blockchain Tech

Commonwealth Bank of Australia (CBA), the largest bank in the country, has been mandated by the World Bank to arrange a bond issue exclusively on a blockchain, according to a press release Aug. 10. CBA will reportedly arrange the first bond globally to be “created, allocated, transferred, and managed using blockchain technology.” The Blockchain Offered …

Maersk, IBM Launch Blockchain Shipping Supply Chain Platform

IBM and Danish transport and logistics giant Maersk have launched their global blockchain-enabled shipping solution, according to an official press release today, August 9. The new jointly developed blockchain solution revealed 94 organizations involved and 154 million shipping events already captured. The global supply chain platform has been dubbed ‘TradeLens,’ and its dataset is reportedly …

Crypto Markets Slump Following SEC Bitcoin ETF Delay

After solid growth to break above the $7,000 mark earlier today, Bitcoin (BTC) saw a loss of around $500 in six hours. At press time, all of the top ten cryptocurrencies other than Tether (USDT) are in the red, according to Coin360. Market visualization from Coin360 BTC is trading around $6,598 at press time, dropping …

Omniex Appoints Former SEC and FDIC Execs to Board of Advisors

Institution-oriented crypto trading platform Omniex has expanded its staff with high profile experts, including former execs of major U.S. financial regulators, according to a press release Aug. 7. Omniex has appointed former U.S. Securities and Exchange Commission (SEC) chairman Arthur Levitt and Federal Deposit Insurance Corp (FDIC) chair Sheila Bair as members of the board …