Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out

Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out
Source: Btcmanager.com

In a second-quarter earnings call, Nvidia CEO Colette Kress has said that the revenues from its cryptocurrency venture have declined to a point in which the chip manufacturing conglomerate will now have to back out from the crypto sector. $100 Million to $18 Million In early 2018, Nvidia expected its cryptocurrency mining equipment manufacturing venture to bring in at least… The post Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out appeared first on BTCMANAGER.

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Binance Form Alliance with LCX to Launch Binance LCX Crypto-to-Fiat Exchange

Binance Form Alliance with LCX to Launch Binance LCX Crypto-to-Fiat Exchange
Source: Btcmanager.com

Binance, the world’s largest cryptoassets exchange by 24-hour trading volume, has announced the launch of a fiat-to-crypto exchange in the heart of Europe. It will offer trading between the Swiss Franc (CHF) and Euro (EUR) against a handful of established digital assets, as per an August 16, 2018, press release. Binance Crypto Revolution The world famous exchange has added another… The post Binance Form Alliance with LCX to Launch Binance LCX Crypto-to-Fiat Exchange appeared first on BTCMANAGER.

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Venezuelans to Be Paid at Least Half a Petro a Month

Venezuelans to Be Paid at Least Half a Petro a Month
Source: Bitcoin.com

Announcing a 60-fold increase of the minimum monthly salary, President Maduro promised Venezuelans they will be paid at least 0.5 petro, once his monetary reforms are in place next week. The national crypto will be exchanged at a rate of $60 USD and the new “sovereign bolivar” will be pegged to the digital coin.    Also read: This Fall May Bring More Crypto-Friendly Jurisdictions 1 Petro = 60 Dollars = 1 Barrel Nicolás MaduroVenezuelan president Nicolás Maduro revealed the fixed price of the country’s cryptocurrency, the petro, and a new minimum wage as part of a package of measures aimed at improving the socio-economic conditions in the South American country. The policies will be implemented on Monday, when the new, denominated brolivar will be introduced to replace the highly inflated national fiat. Starting from August 20, 1 PTR will be officially exchanged…

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Website Builder Service ‘Wix’ Announces PumaPay Cryptocurrency Payment Option

Website Builder Service ‘Wix’ Announces PumaPay Cryptocurrency Payment Option
Source: Livebitcoinnews.com

PumaPay has announced its partnership with Wix, the website creation and hosting platform. Based on the partnership, the PumaPay cryptocurrency (PMA) becomes one of the payment options on the platform. Wix Adds PumaPay Cryptocurrency PumaPay which is fast becoming a cryptocurrency payment staple in the adult entertainment industry has added a new client, Wix. The announcement is yet another example of the ever-increasing utility of virtual currencies in several aspects of ecommerce.  According to Venture beat, Wix users now have the option to pay for their website creation and hosting using PumaPay. Online merchants can also take advantage of the cryptocurrency’s PullPayment Protocol as a billing method thus allowing them to accept PMA tokens on their Wix websites. Commenting on the development, Yoav Dror, the CEO of PumaPay said: All components of the PumaPay solution are being developed with our…

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Libellum: Offering Instant Supplier Verification Through Blockchain Technology

Libellum: Offering Instant Supplier Verification Through Blockchain Technology
Source: Bitcoinprbuzz.com

Hong Kong, China – August 18, 2018: Hong Kong-based IT company Libellum Ltd has announced the launch of its innovative new supplier verification, product certification, and compliance platform. Libellum aims to make purchasing from China as secure as possible by blockchain technology as well as partnering with the world’s largest third-party testing companies. E-commerce and Third Party sellers are growing rapidly and the need for verified suppliers is growing exponentially, as many buyers fall victim to the scams of illegitimate suppliers. One of the biggest problems in the import/export industry is that buyers have no simple and easy way to verify the legitimacy of suppliers from overseas. Libellum works to solve this problem by enabling consumers and buyers to lookup certificate numbers or test reports, which are issued by testing and certification companies on the platform. Within a few simple…

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Interview: Michael Dunworth, CEO of Money Transfer Service Wyre, on MakerDAO Partnership

Interview: Michael Dunworth, CEO of Money Transfer Service Wyre, on MakerDAO Partnership
Source: Dailysatoshi.com

On Tuesday, U.S. international wire transfer startup Wyre announced a strategic partnership with MakerDAO. We’ve written about Wyre several times in the past: first when they raised a $5.8 million Series A led by Chinese firm Amphora Capital. The firm went on to acquire Bejing-based Remsity as they took on China. At the time — April 2017 The post Interview: Michael Dunworth, CEO of Money Transfer Service Wyre, on MakerDAO Partnership appeared first on CCN The post Interview: Michael Dunworth, CEO of Money Transfer Service Wyre, on MakerDAO Partnership appeared first on Your Daily Satoshi.

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Venezuela: Inflation Tops 100,000 Percent, Bitcoin Costs 60M Bolivars

Venezuela: Inflation Tops 100,000 Percent, Bitcoin Costs 60M Bolivars
Source: Bitcoinist.com

Venezuela’s currency the Bolivar Fuerte jumped to 9.2 million per dollar and almost 60 million per bitcoin August 18, just two days before a major redenomination cuts five zeros off its value. Redenomination Looms As reported by cryptocurrency commentators including Purse.io support head Eduardo Gomez, the bolivar traded unofficially at around 6.7 million VEF per 1 USD August 17, before suddenly depreciating rapidly to 9.2 million. “Yesterday 1 bitcoin was worth 44 billion bolivars, now it’s at 59 billion,” he noted. As Bitcoinist recently reported, August saw the bolivar, which is the world’s least-valued currency, extend its increasingly troubled history. Combined with current behavior on Bitcoin markets, the price 00 of the largest cryptocurrency in VEF terms is now doubling every 18 days. According to Bloomberg’s Cafe Con Leche Index, which tracks the rate of inflation in Venezuela in lieu…

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Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance
Source: Bitcoin.com

Cryptocurrency prices have seen some recovery after our last markets update four days ago when a large majority of digital assets lost quite a bit of value. Since then, and more so over the last 48 hours, the entire crypto-economy capitalization ($216B) has gained roughly $20B. The action yesterday was more bullish as most of the top digital assets were up between 6-20 percent but have since lost some of those gains during this weekend’s trading sessions. Also read: Testing the Newly Transformed Non-Custodial Coinbase Wallet Up Moves, Down Moves, and Eight Months of Corrections Last week was pretty bad for most of the top digital asset markets, except we mentioned during our last markets update that bitcoin core (BTC) spot market prices took the least of the blows downward. Then a little less than 48 hours ago and mostly yesterday…

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