Cryptocurrencies are blisteringly hot right now. Bitcoin just crossed the $ 3,500 mark for the first time and is up 493.38% over the last year. The meteoric rise of cryptocurrencies has been a boost to several chip makers. Nvidia and AMD are the two largest manufacturers producing graphics processing units that cryptocurrency users take advantage of to speed up the network. GPUs from both AMD and Nvidia have been sold out in many places as demand for…"Nvidia and AMD have very different views on cryptocurrencies (NVDA, AMD)"
There is a lot of hype around cryptocurrencies right now, but it won’t be enough to save AMD. Bitcoin has forked, bitcoin cash is higher than investors thought, and most cryptocurrencies are growing at rates that are hard to keep track of. This hype has given a boost to companies like AMD and Nvidia, who’s graphics cards are selling like crazy as miners try to grab their piece of the cryptocurrency tidal wave. But, cryptocurrencies are…"BARCLAYS: AMD can’t be saved by cryptocurrencies (AMD, NVIDIA)"
Howard Marks, billionaire investor and founder of Oaktree Capital Management is adamant about his stance on cryptocurrencies like bitcoin, Ether and others: “They’re not real.” Marks reiterated this three times to clients Wednesday in his latest Oaktree memo. “I’d guess these things have arisen from the intersection of (a) doubts about financial security — including the value of national currencies — that grew out of the financial crisis an (b) the comfort felt by millennials regarding…"Billionaire investor Howard Marks says cryptocurrencies ‘aren’t real’"
Russia has announced that it will legalize the use of cryptocurrencies. The government confirmed last week that a draft bill would create the legal framework for trading in bitcoin, dash, ether, and other digital currencies. This comes a year after the same Russian institutions said people trading in these currencies could be jailed. This raises two important questions: Why has the government made this U-turn? What opportunities does it now see in this technology? The…"Here’s why Russia is opening the door to cryptocurrencies"
Bitcoin became the first decentralized cryptocurrency back in 2009, and ever since interest in digital currencies has exploded. According to CoinMarketCap.com, there are 796 cryptocurrencies currently trading around the world, with a combined market cap of $ 29,374,919,176. Of those, only 10 have a market cap of $ 100 million or more. Check them out: SEE ALSO: The first investor in Snapchat thinks each bitcoin could realistically be worth $ 500,000 by 2030 — Here’s how Join…"There’s $29.4 billion in cryptocurrencies — here’s which ones people are using the most"