year

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Computing hardware maker Nvidia is projecting as much as $150 million in revenue for its crypto mining-specific product line during the first quarter of the firm’s 2022 fiscal year. The $150 million revenue estimate was included in an April 12 release, which came months after the firm confirmed that it would produce and sell so-called …

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Bank of Japan to begin central bank digital currency experiments later this year

Bank of Japan to begin central bank digital currency experiments later this year

The Bank of Japan (BOJ) will start experiments on a central bank digital currency (CBDC) this spring, according to central bank governor Haruhiko Kuroda. Reuters reported today that Kuroda said the bank must “prepare thoroughly” to issue a CBDC. That includes experimenting with how it would operate a digital yen during the course of this …

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Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year

Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year

Coinbase CEO Brian Armstrong took home nearly $60 million in total compensation last year, according to the exchange operator’s S-1 Form published Thursday. That figure includes $1 million in salary, $56.7 million worth of stock options granted at a fair value, and $1.8 million marked as “all other compensation.” Armstrong’s total benefit for the year …

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Crypto-linked companies see significant stock gains in past year, with Voyager leading the pack

Crypto-linked companies see significant stock gains in past year, with Voyager leading the pack

The past twelve months have been good for publicly traded companies working in the digital asset space, according to data collected by The Block. As shown in the chart below, industry notables such as Galaxy Digital and Silvergate have seen their stock prices swell since early 2020, with those two firms seeing appreciations of 1,105% …

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Chinese tech giants Tencent, Alibaba filed for the most blockchain patents last year

Chinese tech giants Tencent, Alibaba filed for the most blockchain patents last year

Chinese tech giants Tencent and Alibaba filed the most blockchain patent applications in 2019, according to research conducted by The Block’s Steven Zheng. Tencent and its affiliates filed for 718 blockchain patents out of a total of over 5,800, while Alibaba Group filed 470. Together, they accounted for over 20% of the total. Tencent and Alibaba …

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