bitcoin

NVIDIA Q2 earnings today reported the complete wipe-out of expected earnings from cryptocurrency-specific products in the future. This comes after this Q2's expected earnings in crypto hardware were $100m for the company, but turned out to be just $18m. As NVIDIA's statement suggests, "Whereas we had previously anticipated cryptocurrency to be meaningful for the year, we are now projecting no contributions going forward."

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ASUS is taking an interesting angle with its latest high-end motherboard. While we'd expect many motherboards coming from ASUS to be aimed at gamers or mainstream PC builders, this new one is all about cryptocurrency mining. Say hello to the ASUS H370 Mining Master motherboard.

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Bitcoin prices broke their months-long uptrend in December of 2017 and for the first time since then, it might be time for the downfall to re-up. We're looking for flags, likelihood of reversals, and the larger upward trend. Looking at any one of these elements might lead you to believe that Bitcoin's price in USDT isn't about to jump - not right this moment, anyway.

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The US Department of Justice is investigating possible cryptocurrency price manipulation, at least according to sources that have leaked the probe. According to the tipsters, the DOJ has teamed with the Commodity Futures Trading Commission (CFTC) to determine whether some traders have or had been manipulating the price of cryptocurrencies like bitcoin. The sources say this is a criminal probe.

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If you want to know what Bitcoin is and haven't been able to understand anyone trying to explain, boy do we have a video for you. This video comes from the folks at Botnik Studios. They're a team of creatives and/or engineers making artificial intelligence a tool for some of the strangest stuff I've ever seen before. They're using AI like a paintbrush, and the canvas is your mind.

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In Japan this week was a tip about Japanese exchange Monex moving to take over the exchange known as Coincheck. Said takeover would be a muilti-billion-Yen bid, and a big bump to public confidence in bitcoin and cryptocurrency in general. Monex is a regulated public company. As such, Monex tossing billions at a cryptocurrency exchange is nothing to scoff at.

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Security at the Chrome Web Store took a hardline stance on cryptocurrency miners this week. In the past, the Chrome Web Store allowed crypto mining apps ONLY if they had mining as their SINGLE purpose, and the user was "adequately informed" about how the app worked. Due in part to the absurd number of apps submitted to the Chrome Web Store that attempted to bend or break these rules, the store announced they'd no longer accept any crypto mining apps at all, whatsoever.

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This week bitcoin prices bounced at the trendline forged approximately one half year ago at the same time as NVIDIA signaled support for crypto. NVIDIA CEO Jensen Huang spoke to Jim Cramer on Mad Money TV, suggesting that cryptocurrency was "here to stay" regardless of the fact that it's not one of the company's main drivers - yet.

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A Bitcoin mining hardware accelerator was revealed in a patent this week, showing Intel's hand ahead of any product unveil. Over the past year, several major gaming-focused hardware manufacturers went both in and out of love with the fact that their gear was flying off shelves. Graphics processor makers especially found themselves between a rock and a hard place when gamers were unable to buy gaming GPUs because cryptocurrency mining operations bought out entire stores at a time - leaving gamers with no option but eBay. Intel seems to have no qualms with expanding on Bitcoin.

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Today the average price of bitcoins to dollars dipped below the McAfee bet curve. McAfee predicted back on July 17th of 2017 that one Bitcoin would be worth $500,000 "in three years." Bitcoin went from around $2.2k to $19k by the end of the year. According to the mathematics behind McAfee's prediction, bitcoin pricing just went below the curve. Either it's time to bounce up, or the world is ending... maybe.

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As bitcoin popularity grew, so did the number of companies accepting it as a payment method. Dell was one of the early big companies to accept it; Microsoft, too, let customers pay for subscriptions using the digital currency. Reddit adopted bitcoin as a payment option for Gold way back in 2013, but quietly changed that in recent days, blaming Coinbase and bugs for its decision.

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This week two potential flaws in Monero's code suggested the blockchain-based cryptocurrency might've been traceable. Monero is a cryptocurrency built on the premise that cryptocurrency should be anonymous - completely anonymous - and as such, it depends on that anonymity to survive, and to retain value in the open marketplace VS Bitcoin and USDT. It would appear that these flaws might not matter as much as initially feared.

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