Analysts: Despite Crypto Mining Decline, Nvidia Will See Increased Revenue This Quarter

analysts despite crypto mining decline nvidia will see increased revenue this quarter

Analysts polled by FactSet suggest that Nvidia will see increased revenue this quarter despite “waning” cryptocurrency mining, Marketwatch reported August 10. The purported increase is due to strong demand for gaming devices and data-centers. While analysts suggest that the company’s revenue from crypto mining hardware will decline, the U.S.-based graphic processing units (GPU) manufacturer will see significant growth in its gaming and servers sales. Revenue from Nvidia’s gaming sector is expected to grow by 47 percent to $1.75 billion on a year-on-year basis while data-center revenue is expected to surge…

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Study: ICO Market Doubled Since Last Year, Shows Increased Institutional Investment

study ico market doubled since last year shows increased institutional investment

The Initial Coin Offering (ICO) market has more than doubled in a year according to ICORating’s ICO market report for the the second quarter of 2018, published August 8. ICORating is an independent rating agency that conducts independent analytical research evaluating ICOs and the ICO market. According to the report, ICOs in 2018 have already raised over $11 billion in investments, a figure which it purports is ten times larger than the sum of investments from ICOs in Q1-2 2017. ICORating reports that in Q2 2018, 827 projects raised over…

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Bank Blockchain Budgets Increased by 67% in 2017

bank blockchain budgets increased by 67 in 2017

The use of blockchain technology in the financial industry has seemed to be increasing recently, and proof can be found in a recent report in a recent report by the US-based market intelligence company Greenwich Associates. Greenwich interviewed over 200 participants in the study over blockchain budgets, team sizes, use case exploration, key challenges and other issues to get its results. According to the report, companies in the financial services industry spent about $1.7 billion USD on blockchain in 2017, which is an increase of 67%. The number of companies that created…

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