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Qualcomm CEO States Metaverse Will Be a ‘Very Big’ Opportunity

Qualcomm CEO States Metaverse Will Be a ‘Very Big’ OpportunityQualcomm, one of the largest fabless mobile chip makers, is very optimistic about the future of the metaverse and what it might bring for companies and consumers in the area. Qualcomm CEO Cristiano Amon believes that, while there is much to do in the development space, this development is real and will bring a very […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Abkhazia Extends Crypto Mining Ban Till End of Year

Abkhazia Extends Crypto Mining Ban Till End of YearAuthorities in Abkhazia have decided to maintain a ban on cryptocurrency mining in the territory. The partially recognized republic in the South Caucasus is restricting the energy-intensive extraction of digital currencies, citing problems with power supply. Bitcoin Mining Remains Prohibited in Abkhazia The government of Abkhazia, a breakaway republic in Georgia, has prolonged current restrictions […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Trezor investigates potential data breach as users cite phishing attacks

Numerous users on Twitter alarmed Trezor of an ongoing email phishing campaign specifically targeting Trezor users via their registered email addresses.

Cryptocurrency hardware wallet provider Trezor has begun investigating a possible data breach that may have compromised users’ email addresses and other personal information. 

Earlier today, on Apr. 3, several users from the Crypto Twitter community warned about an ongoing email phishing campaign specifically targeting Trezor users via their registered email addresses.

In the ongoing attack, several Trezor users have been contacted by unauthorized actors posing as the company — with the ultimate intention to steal funds by misleading unwary investors. As part of the attack, users received an email about downloading an app from the ‘trezor.us’ domain, which is different from the official Trezor domain name, ‘trezor.io.’

Trezor initially suspected that the compromised email addresses belong to a list of users who opted-in for newsletters, which was hosted on an American email marketing service provider Mailchimp. 

While Trezor attempts to identify the root cause of the situation with an official investigation, users are advised not to click on links coming from unofficial sources until further notice.

Related: BlockFi confirms unauthorized access to client data hosted on Hubspot

On Mar. 19, New Jersey-based crypto financial institution BlockFi proactively confirmed a data breach to warn investors about the possibility of phishing attacks.

As Cointelegraph reported, hackers gained access to BlockFi’s client data that was hosted on Hubspot, a client relationship management platform. According to BlockFi:

“Hubspot has confirmed that an unauthorized third-party gained access to certain BlockFi client data housed on their platform.”

While specifics on the breached data are yet to be identified and revealed, BlockFi reassured users by highlighting that personal data — including passwords, government-issued IDs and social security numbers — “were never stored on Hubspot.”

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Starlink Terminals Arrive in Ukraine as Elon Musk Makes Good on Promise

Starlink Terminals Arrive in Ukraine as Elon Musk Makes Good on PromiseSpacex has managed to deliver Starlink equipment to Ukraine as promised by its founder, Elon Musk. The hardware will provide access to high-speed internet for users in the country, which has been experiencing disruptions in communications as a result of Russia’s military invasion. Ukrainians Get Starlink Internet Amid Ongoing Russian Offensive Ukraine has received a […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Kazakhstan President Orders Government to Find All Miners and Raise Tax by April

Kazakhstan President Orders Government to Find All Miners and Raise Tax by AprilPresident of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not against legal mining activities, but crypto farms should be licensed and taxed, Tokayev insisted. Miners in Kazakhstan to Pay Higher Electricity Tariffs On top of electricity shortages […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, Report

Demand for Mining Equipment Drops in Russia Amid Fears of Possible Ban, ReportPlatforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills. Supply Exceeds Demand on Russian Market for Mining Chips Mining hardware is […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests

Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, ProtestsHardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces of hardware despite the country’s challenges with electricity supply. Increased energy prices have also provoked protests that could potentially affect the industry. Canaan Secures Mining […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining Rigs

Iran Continues Crackdown on Illegal Crypto Mining, Seizes Hundreds of Mining RigsAuthorities in Iran persist with their efforts to curb unauthorized cryptocurrency mining. The state-run power distribution company has recently identified over a dozen underground crypto farms in Tehran and other regions, unplugging hundreds of mining units illegally connected to the grid. Power Utility Busts 14 Crypto Farms in Homes Across Iran The Iranian government continues […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Bitmain Will Not Ship Crypto Mining Equipment to China

Bitmain Will Not Ship Crypto Mining Equipment to ChinaMining hardware manufacturer Bitmain will no longer ship its products to mainland China. The move is in response to local regulations, the company explained. The announcement follows a prolonged crackdown on crypto mining operations in the country and a recently reiterated wide ban on activities related to cryptocurrencies. Bitmain Stops Mining Rig Deliveries to Mainland […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Nvidia fails to sell as many crypto-mining GPUs as expected in Q2

The company expects a minimal contribution from its cryptocurrency mining processor sales going forward.

Nvidia beat the expectations by generating over $6.5 billion in revenue, but the chip manufacturer missed the target for its crypto-mining GPU line.

The California-based tech giant announced its financial results for its second fiscal quarter ended Aug. 1, 2021. Key highlights include $6.51 billion in revenue, 15% up from the first quarter, and $1.04 billion earnings, both largely bolstered by gaming, data center and professional visualization equipment sales.

With the addition of GeForce RTX 3080 Ti and RTX 3070 Ti, the gaming segment led the record growth with $3.06 billion in revenue and an 85% growth from last year. Nvidia’s data center business brought in $2.37 billion in revenue, while its professional visualization products earned $519 million.

Nvidia announced that the company is expecting $6.80 billion in revenue in the third fiscal quarter.

However, one key area fell short of expectations, the earnings call revealed. During the first-quarter earnings call, Nvidia CFO Colette Kress predicted a $400 million revenue for the company’s cryptocurrency mining processor (CMP) line for Q2. Nvidia saw $266 million in CMP sales in the second fiscal quarter, missing its target by a one-third gap. The CMP line was introduced in February and made $155 million in the first quarter.

Related: GPU price inflation dips slightly as Ether downtrend continues

Nvidia is having a hard time balancing the supply between hardcore gamers and crypto miners for its high-end graphics units. The company introduced hash rate limiters to its RTX 3060 series graphics cards to limit the crypto mining capabilities of the units.

At the end of May, Nvidia said it would be applying a reduced Ethereum hash rate to its newly manufactured GeForce RTX 3080, RTX 3070 and RTX 3060 Ti graphics cards. Coming with a “Lite Hash Rate” label, new cards are strictly aimed to meet the demand from gamers rather as opposed to crypto miners.

Explaining that the company’s recent efforts to limit the hash rate of gaming graphics cards aim to ensure enough chip supply for gamers, Kress said the company expects a “minimal contribution” from its crypto-related sales from now on.

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity