Day: August 11, 2018

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

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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…

WeChat Trials Using Blockchain Tech to Reimburse Employee Expenses

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WeChat, a messaging, social media and financial services app owned by Tencent Holdings Limited, has deployed a blockchain electronic invoice system at Shenzhen Guomao Rotary Restaurant, making the city of Shenzhen the first in China to issue invoices with blockchain technology. The blockchain invoice process, which encompasses payment, invoicing and reimbursement, was created in partnership with Shenzhen Taxation Bureau and Kingdee Software. This system was developed to simplify the process of reimbursing company employee expenses. Previous paper and electronic invoicing processes led to a cumbersome and elongated process of invoice…

Report: Facebook Denies Partnership With Stellar

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Facebook has reportedly denied entering into talks with cryptocurrency firm Stellar (XLM), Cheddar reported August 10. Earlier today, Business insider reported that Facebook and Stellar had been considering a potential partnership to build a Facebook variant of a Stellar blockchain. A Facebook spokesman reportedly told Cheddar that the company is “not engaged in any discussions with Stellar, and we are not considering building on their technology.” The statement was made in response to Business Insider’s report that the two companies had discussed a potential fork from the main Stellar network…