CRYPTO INSIDER: Nvidia’s bitcoin boom goes bust

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On its earnings name Thursday afternoon, Nvidia warned buyers that its income from cryptocurrency mining might shrink by two-thirds subsequent quarter as costs tumble and specialised mining machines hit the market.  

Listed below are the present crypto costs:

Screen Shot 2018 05 11 at 12.12.24 PMMarkets Insider

Within the information:

  • Cryptocurrencies are getting slammed after a raid at South Korea’s largest alternate
  • Fb is reportedly exploring the creation of its personal cryptocurrency
  • Nvidia’s bitcoin boom is over, however this investor says the larger alternative is simply beginning
  • An aspiring Bloomberg for bitcoin is connecting buyers immediately with the groups engaged on the most popular cryptos
  • One of many largest bitcoin hedge funds killed it in April — nevertheless it nonetheless received confirmed up by passive funds
  • Bitcoin exchanges are stepping up their sport to lure high-speed merchants like Virtu and Citadel

New to Crypto Insider? Enterprise Insider has a ton of articles to get you caught in control, together with:

  • Tips on how to purchase and promote main cryptocurrencies utilizing Coinbase in your iPhone
  • Tips on how to purchase Ripple’s XRP
  • From HO DL to the moon: All of the cryptocurrency slang it’s essential to know to sound like a bitcoin knowledgeable
  • An ETF veteran who ditched Wall Road for crypto explains how bitcoin can match right into a portfolio
  • Monitor the value of practically two-dozen cryptocurrencies right here

What different questions do you might have about crypto? Ask them in Enterprise Insider’s Crypto Insider Fb group at present to debate with readers from all around the world, in addition to BI editorial workers.

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