Analyst Finds Nvidia Earned $1.35 Billion More in Total Crypto Revenue Than Stated

This story has been updated with Nvidia’s decline to comment. Taiwan-based computer hardware producer Nvidia reportedly earned nearly $1.35 billion more due to crypto and blockchain than it had stated. The numbers were calculated by RBC Capital Markets analyst Mitch Steves, financial news website Market Insider reports on Jan. 31. Steves reportedly said in a note released on Jan. 30 that that according to his calculations, Nvidia generated about $1.95 billion in total revenue related to cryptocurrency and blockchain, noting that the official company’s statement said that it generated around…

CoinLab Increases Mt. Gox Claim from $75 Million to $16 Billion

CoinLab has reportedly filed a 1.7 trillion JPY ($16 billion) claim against the now-defunct cryptocurrency exchange Mt. Gox, according to an alleged photo of the filing document posted on Reddit on Feb. 1. As Cointelegraph reported in its Mt. Gox recap in March last year, in 2013, CoinLab, a former business partner of the exchange, sued the company for $75 million, claiming breach of contract. The contract stipulated that CoinLab would take over the American customers of Mt. Gox, but it never happened. Photograph of alleged CoinLab Mt. Gox claim. Source:…

Bitcoin Ethereum Litecoin XRP BNB TRX Technical Analysis Chart 2/3/2019 by ChartGuys.com

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Bitcoin Approaches $3,500 as Top Cryptos See Mixed Signals

Saturday, Feb. 2: most of the top 20 cryptocurrencies are reporting a mix of slight gains and losses on the day by press time. Bitcoin (BTC) is hovering over the $3,450 mark again, according to Coin360 data. Market visualization from Coin360 At press time, Bitcoin is down under half percent on the day, trading at around $3,489, according to CoinMarketCap. Looking at its weekly chart on CoinMarketCap, the current price is about 3 percent lower than $3,604, the price at which Bitcoin started the week. Bitcoin 7-day price chart. Source: CoinMarketCap…

US Securities Regulator Solicits Blockchain Analytics Companies for Data Review

The United States Securities and Exchange Commission (SEC) is seeking sources for blockchain data and its analysis, a statement issued by the agency revealed on Jan. 31. According to the statement, the SEC is trying to find businesses able to provide blockchain data to support its risk monitoring and compliance enforcement activity, as well as inform the commission about digital assets. Last month, the agency announced that cryptocurrencies are one of the its top examination priorities for the current year. According to the Jan. 31 statement, the agency expressed interest…

Bitcoin Futures Expired Last Week, Did It Affect $10 Billion Plunge of Crypto Markets?

On Jan. 29, the valuation of the crypto market plunged by more than $10 billion within a 48-hour period, from $121 billion to $111 billion. Major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) recorded losses in the range of 5 to 10 percent against the United States dollar, demonstrating poor momentum. Throughout the past several months, the cryptocurrency market has demonstrated volatility in a low price range, unable to break out of key resistance levels. What were the major factors of this week’s drop? While some analysts have said…

UK Firm Gets Regulatory Green Light to Offer Crypto Derivatives

B2C2, an electronic OTC trading firm and crypto liquidity provider, has just got the green light to offer crypto derivatives in the U.K. The London-based firm announced Thursday that its subsidiary B2C2 OTC Ltd. is now authorized and regulated by country’s financial watchdog, the Financial Conduct Authority (FCA), to arrange and deal in crypto contracts for difference (CFDs). Crypto CFDs allow traders to predict the future price change of specific cryptocurrencies, and in turn, provide an opportunity to make profit in both rising and falling markets by going long or short.…

SatoshiPay Integrates Blockchain Payments for Major European Publisher

Micropayments startup SatoshiPay has partnered with Europe’s largest digital publishing house, Axel Springer SE, to process blockchain payments for its content globally. The U.K.-based startup announced Thursday that consumers of the Berlin-headquartered firm’s content can pay using SatoshiPay’s wallet, which is built based on Stellar blockchain technology. Axel Springer owns titles including Business Insider, Die Welt and Rolling Stone (German edition). SatoshiPay said that, as of Jan. 31, its wallet will be integrated into Axel Springer’s online products and will work without any intermediaries, so payments will be directly credited to the publisher’s…

Developers Behind Ethereum App Aragon Weigh Launching a Second Network on Polkadot

Developers behind ethereum decentralized application (dapp) Aragon are considering building a second network on the blockchain interoperability protocol known as Polkadot. While Swiss company Aragon One AG stressed that it still intends to support launch of the Aragon Network on the ethereum blockchain this year, cofounder of the project Jorge Izquierdo revealed this week that they may additionally launch aragonOS, a framework to build smart contracts, on Polkadot. “The idea is to make most aragonOS transactions almost free and very optimized, so users can seamlessly run [decentralized autonomous organizations] in a…

Smart Contract Auditor Lets Go 80% of Staff in Crypto Winter Cutbacks

Hosho was founded under the premise it could safely sell smart contract shovels in a tokenized gold rush – in fact, the company’s name itself means “security” in Japanese, “We thought we were going to go to the moon and audit lots of ICOs,” Hartej Sawhney, co-founder and president of the company told CoinDesk in a phone call. Founded in July 2017 and headquartered in Las Vegas, Hosho rode the wave of token sales, expanding quickly and building its brand with a high-profile conference. But by that point, crypto winter had…