The next wave of blockchain applications is here, and it could provide a big boost to Nvidia.
A blockchain in its most basic form is a decentralized, public ledger. Bitcoin is probably the most widely recognized blockchain technology. It uses blockchain to break away from centralized banks and governments to create a new type of currency.
blockchain technology matures, other uses are popping up everywhere. For example, IBM and Samsung are using blockchain to empower a new washing machine that will order its own detergent refills, according to a note to clients from RBC.
Future applications of blockchain might be a bit more practical, and some are already publicly available.
For instance, Golem is a blockchain-based technology that is the self-described "worldwide, decentralized super computer." The technology connects users with spare computing power to users who wish to buy extra power for complicated tasks like computer graphics rendering or artificial intelligence training.
Then there are basic attention tokens, which are another example of the future of blockchain. The tokens fuel a network that hopes to disrupt the online advertising model. They let advertisers directly buy the attention of their users, instead of space on a website that readers may just ignore.
These are just a couple of examples, but Mitch Steves, an analyst at RBC, said instances such as these could increase demand for Nvidia's graphics processing units (GPUs).
Seoul-based Bithumb said that 35bn won (£24m; $31.6m) worth of cryptocurrency had been "seized" overnight, adding that it would fully compensate affected customers.
The values of Bitcoin, Ethereum and Ripple all fell on the news.
Bithumb notified a local regulator - the Korea Internet and Security Agency - of the latest attack, shortly before alerting the public via social media. "Some crypto-currencies valued [at] about $30m was stolen," it posted in a since deleted tweet.
In subsequent posts - which are still online - it added: "All deposit and withdrawal services will be stopped to make sure [of our] security... We are providing compensation... Bithumb urgently asks our valuable customers not to deposit any funds into Bithumb wallet addresses for the time being." The firm provided a Google-shortened link with further information, but it appears to have been blocked by the search firm for unspecified reasons.
An earlier post on Bithumb's Twitter account reveals that it had announced that a database upgrade was being carried out as part of a security update late last week. It added that it had transferred assets to a "cold wallet" - a term used to refer to external storage unconnected to the internet - as part of the process.
However, it is unclear whether this is linked to the reported theft.
The Yonhap news agency has reported that police officers have launched an investigation and collected records from computers at the company's headquarters.
🔝👍 ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ U.K.-based cryptocurrency futures trading platform Crypto Facilities is launching a litecoin (LTC) derivative product.
According to an announcement on Wednesday, the new U.S. dollar-denominated service will go live on Friday, June 22, and will allow investors to long or short futures contracts that have litecoin as the underlying collateral, with weekly, monthly and quarterly maturities.
Timo Schlaefer, CEO of Crypto Facilities, said the decision is a result of having received "strong client demand" for litecoin contracts. "We believe our LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets," he said.
Litecoin creator Charlie Lee commented in the announcement that, by opening up litecoin trading to more institutional investors, the new product would increase the cryptocurrency's liquidity and "make it easier for people to get in and out of litecoin." The move comes just a month after the firmlaunched ethereum-based futures contracts and marks a new addition to several crypto-based derivative products that are already being traded on the platform, including bitcoin and XRP, the native token of the Ripple protocol.
In an email response, Crypto Facilities told CoinDesk that the firm is expecting the trading volume of its ethereum futures contracts to reach around $150 million in this quarter, accounting for around 10 percent of the platform's total.
4 346 hours ago
BTC moving as predicted. Recall from 4 posts ago when everybody was calling for immediate 5,000$ or below we were contrarian and have referenced a short-lived bull rally. We reinforced this opinion on the previous post and it maintains. However, note that volume is NOT picking up. We need to have more volume for this rally to be confirmed. So, what now? BTC faces serious resistance. Let’s go over each resistance point. Right now, we are attempting to cross the major support line that we broke June12th at 6,800$. That’s the first point and the easiest to break. Second point is at 7,200$ which was a cluster support a few weeks ago and is now resistance. Third, we have resistance at 7,800$ which is the top of the wedge, this will be crucial because many bears will be waiting for this level to load up the shorts. We are also facing strong RSI resistance at 46RSI Daily. All of this is substantial resistance and for us to stand a chance we have to have more volume. At this volume level rest assured our targets will be achieved at 5,750$ and 4,900$ range. Last post we went over the safe levels to trade, they still stand:
Enter a long position if 7,200$ breaks WITH VOLUME. Consider closing position/taking majority of profits at top of the trendline. (7,900-8,100). Bearish Scenario. Enter a short position if 6,100$ is broken with targets as seen above (5,750 and 5,000)
As always, I am bullish long-term. Stay tuned for next post where we will be discussing a VERY important topic. #cryptotrade#bitcoinguru#bitcoiner#cryptocurrencytrading#stockmarket#kucoin#bitcoinvalue#daytrade#bitcoinminer#buybitcoin#bitcoinwallet#bitcoinprogress#bitcoincharts#zcash#forexcourse#bitcoingold#poloniex#forexlifestyle#bitcoincash#wallstreet#cryptomining#daytrader#stockexchange#bitcointalk#bitcoininvestor#bitclub#bitcoinmemes#blockchaintechnology#bitcoins
While Wall Street giants JP Morgan and Citigroup experienced strong first-quarter earnings, their share prices overall fell, the Wall Street Journal (WSJ) reported Friday, April 13.
The WSJ reports that while equity trading revenue rose by 26 percent to $2 bln at JP Morgan, which also saw a 35 percent net profit rise, and Citigroup’s equity trading revenue up 38 percent to $1.1 bln, with a 13 percent rise of net profit, share prices of both banks fell on Friday.
JP Morgan’s share price is now around $110, down 2.7 percent by market’s close yesterday, according to data from Bloomberg Markets.
Citigroup’s share price is now around $71, down a little more than 1.5 percent.
Wells Fargo also experienced a first quarter increase in profits of 5 percent to $5.9 billion, adding the caveat that the numbers could be recalculated after a potential $1 bln regulatory settlement, WSJ notes. Wells Fargo share price was around $50 by market’s close yesterday, down more than 3 percent.