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Is Bitcoin Diamond a Better Bitcoin?

Cryptocurrencies can be novel from the point of view that they bring their own nomenclature into existence, which makes users who do not know about these terms nervous or filled with anxiety. Add to this, the confusion that media generates surrounding certain events like hard forks, which are just a change to a protocol of a cryptocurrency that makes previous invalid blocks or transactions on the

Nvidia Boosted By Latest Bitcoin High

A record-breaking fortnight for Bitcoin seems to have been a boon for GPU manufacturers as we enter a new week.Rivals Nvidia and AMD have had differing successes on the stock market in recent months, with the former enjoying far more success.A $2,000 rise in value for Bitcoin in as many weeks has seen Nvidia enjoy a two percent increase in their share price.Mining up a stormAs the likes

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Wall Street Downplays Cryptocurrencies after Granting Lower Ratings to AMD and Nvidia

The Wolves of Wall Street have been stirring the crypto pot again this week by downgrading ratings for chipmaker Advanced Micro Devices (AMD). Citing a faltering cryptocurrency market and a decline in demand for mining in 2018, Morgan Stanley reduced its ratings from equal-weight to underweight for the California based semiconductor giant. The results were instant, a 9% fall in AMD stock prices fo

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Apple's Market Cap in Bitcoin's Sights: Ronnie Moas

Ronnie Moas, founder and director of Standpoint Research, and pretty successful Bitcoin predictor, has said that Bitcoin needs to be taken seriously as within five years it could reach $800 bln - more than tech giant Apple.Moas called Bitcoin topping $5,000 “within months” of his July prediction - which it did. He has also sees it getting to $7,500 for the end of the year. And a little further

AMD Share Price Drops Amidst Expectations Mining Hardware Demand Will “Level Off”

Mining Advanced Micro Devices (AMD) has announced an estimated gross profit margin of 35% percent for the fourth-quarter of 2017. Although the announcement has revealed a lower profit forecast than anticipated by some analysts, AMD’s share price has seen gains of more than 80 percent over the course of the last 12 months.Also Read: Microchip P

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FUD for Bitcoin, Praise for Blockchain: Royal Bank of Canada CEO on Crypto

Financial heads continue to weigh in on Bitcoin’s legitimacy, and from Jamie Dimon to the IMF’s Christine Lagarde, the opinions are split. Now, Royal Bank of Canada CEO David McKay has said his piece, questioning its point and function in society.Hidden moneyThe Canadian bank boss sees Bitcoin as a way to move money around undetected, following in a long line of traditional investors who see B

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JPMorgan Head Jamie Dimon Should Learn About Bitcoin, Says Wamda Capital’s CEO

Tech investment company Wamda Capital’s CEO, Fadi Ghandour, has suggested JPMorgan Chase head Jamie Dimon should learn more about Bitcoin and other digital currencies before making negative statements against them.Dimon earlier said that the cryptocurrencies are just a “novelty” and are “worth nothing” and those who invest in them are stupid.According to Ghandour, Dimon should realize th

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Mike Novogratz Boldly Goes Where No Wall Streeter Has (Publicly) Gone Before

The latest voice from Wall Street to offer their two cents about Bitcoin and cryptocurrency, in general, is Mike Novogratz. The former manager at Fortress spoke highly of the opportunities that the revolutionary technology behind Bitcoin presented, as well as the scope for huge profits on the way. In an interview with a leading financial publication recently, he claimed Bitcoin (cry

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Graphics Card Manufacturer Stocks Continue to Move with Crypto Market

It’s not just the cryptocurrency space that’s having an excellent financial year in 2017. Companies supporting the industry are also setting personal bests in terms of their own stock prices.Chief amongst these are AMD and NVIDIA. Stocks in both have seen colossal growth in recent months, outpacing the rest of the S&P 500 considerably. The two companies officially hold the title of number

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Bitmain Unveils two new GPU-based Mining Hardware Units

Rumor has it that Bitmain will introduce new cryptocurrency mining equipment soon. The company is best known for their Bitcoin mining hardware these days. However, they also sell miners for Litecoin and Dash as we speak. The new rigs are mainly focused on proving GPU-based hardware for Ethereum mining. An interesting venture, although it remains to be seen whether or not there is any truth to the

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