Nvidia Has 'Limited Visibility' on Crypto Mining Impact in Q2 Revenue Drop
Nvidia said it has “limited visibility” into how much the firm’s crypto mining hardware impacted its overall GPU demand in the second quarter this year, as revenue over the past three months ending July 31, 2022, fell to $6.5 billion, or 19% from the previous quarter. The company's second-quarter revenue was significantly lower than the $8.10 billion Nvidia forecast in May.
Revenue for Nvidia’s gaming division fell 44% from the previous quarter to $2.04 billion, with the firm citing “challenging market conditions.” According to Kress, Nvidia is “unable to accurately quantify the extent to which reduced cryptocurrency mining contributed to the decline in Gaming demand.” Kress also highlighted the decline in crypto prices and user switching between different blockchain networks have impacted demand for Nvidia’s products in the past.
Source
@tamil_btc
Nvidia said it has “limited visibility” into how much the firm’s crypto mining hardware impacted its overall GPU demand in the second quarter this year, as revenue over the past three months ending July 31, 2022, fell to $6.5 billion, or 19% from the previous quarter. The company's second-quarter revenue was significantly lower than the $8.10 billion Nvidia forecast in May.
Revenue for Nvidia’s gaming division fell 44% from the previous quarter to $2.04 billion, with the firm citing “challenging market conditions.” According to Kress, Nvidia is “unable to accurately quantify the extent to which reduced cryptocurrency mining contributed to the decline in Gaming demand.” Kress also highlighted the decline in crypto prices and user switching between different blockchain networks have impacted demand for Nvidia’s products in the past.
Source
@tamil_btc
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Kraken to list nine new tokens
Kraken will list Alpha Venture DAO (ALPHA), Bluzelle (BLZ), Boba Network (BOBA), Celer Network (CELR), Nodle (NODL), Polkastarter (POLS), Marlin (POND), TrueFi (TRU) and Chain (XCN). Funding is live, and trading will begin on August 26 at approximately 14:30 (UTC). All tokens are tradeable against $USD and $EUR on Kraken and the Kraken Pro.
👉 blog.kraken.com/post/15174/trading-for-alpha-blz-boba-and-more-starts-august-26-deposit-now/
Kraken will list Alpha Venture DAO (ALPHA), Bluzelle (BLZ), Boba Network (BOBA), Celer Network (CELR), Nodle (NODL), Polkastarter (POLS), Marlin (POND), TrueFi (TRU) and Chain (XCN). Funding is live, and trading will begin on August 26 at approximately 14:30 (UTC). All tokens are tradeable against $USD and $EUR on Kraken and the Kraken Pro.
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BNB CHAIN ECOSYSTEM WEEKLY OVERVIEW
Within the last week, the following changes on the BNB Chain market occurred:
🔹 BNB Chain Market Cap decreased by $1.0B down to $53.4B
🔹 Stargate Finance $STG grew by 162% and led the Coin Gainers Rank
🔹 VIDT Datalink $VIDT heads the Top Gainers by Weekly Trading Volume
Within the last week, the following changes on the BNB Chain market occurred:
🔹 BNB Chain Market Cap decreased by $1.0B down to $53.4B
🔹 Stargate Finance $STG grew by 162% and led the Coin Gainers Rank
🔹 VIDT Datalink $VIDT heads the Top Gainers by Weekly Trading Volume
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🔥ETH Merge Is Coming! Create KuCoin Trading Bot To Share a 100,000 USDT Prize Pool
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#US DOLLAR ANALYSIS
US dollar bounced from the ascending trendline support, where ichimoku clouds are also acting as a support. Now it is rejecting from the Monthly trendline and horizontal resistance. Bearish divergence is also detected.
A downward move is expected from here and further consolidation can be expected inside the triangle until we see a solid breakout or breakdown.
Note: US dollar mostly works inversely proportional to the crypto market.
US dollar bounced from the ascending trendline support, where ichimoku clouds are also acting as a support. Now it is rejecting from the Monthly trendline and horizontal resistance. Bearish divergence is also detected.
A downward move is expected from here and further consolidation can be expected inside the triangle until we see a solid breakout or breakdown.
Note: US dollar mostly works inversely proportional to the crypto market.
Binance Will Support the VITE (VITE) Network Upgrade
https://www.binance.com/en/support/announcement/7c4e0edeefdd44908476049d6f665b0d
https://www.binance.com/en/support/announcement/7c4e0edeefdd44908476049d6f665b0d
Binance
Binance Will Support the VITE (VITE) Network Upgrade | Binance Support
Fellow Binancians, Binance will support the VITE (VITE) network upgrade. The VITE (VITE) network upgrade will take place at the Vite mainnet block height of 101,320,000 , or approximately at 2022...
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CME's front-month bitcoin futures haven't traded in such steep backwardation since the Covid crash of March 2020 — link
📣【Airdrop】MEXC New M-Day - ReadFi (RDF) is Launching
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