Market Update 7.26.18 – AMD’s Q2 GPU Sales Drop
AMD’s Q2 GPU Sales Drop
The chip maker, Advanced Micro Devices (AMD) saw a drop in its sales of GPUs (Graphic Processing Units) to cryptocurrency miners for the second quarter of the year. AMD’s quarterly earnings report was published on Wednesday, July 25.
Overall, the Computing and Graphics unit’s revenue was $1.09 billion for the quarter, up a massive 64% from the same time last year. However, within this unit, the sales of GPUs to miners was down 10% for the quarter and revenue is down by 3% compared to the previous quarter.
Find out more here.
Bitmain Announces Mining Practice Policies
Bitmain, the Chinese mining hardware manufacturer and one of the top Bitcoin mining companies in the world, announced that it was releasing its policies for mining practices.
The release of its policies towards mining is intended to show Bitmain’s commitment to harboring a fair and transparent cryptocurrency ecosystem. These policies cover hardware shipping as well as cryptocurrency mining processes.
Besides publicizing its policies, the company stated that it would also disclose data about its Bitcoin mining algorithms as well as the total hashrate of Bitmain’s hardware for those specific algorithms.
Read the full story here.
Blockchain Payments System that Uses Fingerprint ID
The Japanese tech conglomerate Hitachi has joined hands with Japan’s telecom giant KDDI to test a new Blockchain payments system that uses customers’ fingerprints to validate retail payments. According to the two companies’ press release on July 25, the staff of the two companies are testing this new technology using a coupon settlement system that is currently deployed at one of KDDI’s stores in Tokyo in the Shinjuku district.
This Blockchain has been built by Hitachi using the Hyperledger platform and is integrated with the company’s biometric verification system as well as KDDI’s coupon system. The experiment is to check whether this new system will correctly settle users’ coupon transactions using fingerprints as validators.
Find out more here.
Total Market Cap: July 26
Trading volume dropped by about $4.5 billion since yesterday to $15.57 billion. The crypto market’s value, on the other hand, has finally cross the $300 billion mark and is now at $302.59 billion.
Bitcoin Price Analysis: July 26
BTC slipped 0.51% from its high of yesterday, but is still trading above the $8k mark at $8212.28 per token. The asset’s trading volume slipped slightly to $5.25 billion and its market valuation is $141.17 billion.
Ethereum Price Analysis: July 26
Ethereum gained 1.75% to $480.83. Trading volume in Ethereum is currently $1.73 billion and its market valuation is $48.81 billion.
State of the Top 10 Cryptocurrencies: July 26
While it did not drop below the $8k mark, Bitcoin did see a slight drop of 0.51% in its price in the last 24 hours. Besides Bitcoin, Bitcoin Cash also saw a slight drop in its price of 0.07% since yesterday. The other 8 of the top ten cryptos all gained since yesterday. The star of the show was Stellar, which soared by 14.95% since yesterday.
- Bitcoin went down 0.51% to $8212.28 and its valuation in the market is $141.17 billion.
- Ethereum went up 1.75% to $480.83 and its valuation in the market is $48.81 billion.
- Ripple went up 2.04% to $0.463927 and its valuation in the market is $18.23 billion.
- Bitcoin Cash went down 0.07% to $844.88 and its valuation in the market is $14.58 billion.
- EOS went up 2.22% to $8.73 and its valuation in the market is $7.82 billion.
- Stellar went up 14.95% to $0.341844 and its valuation in the market is $6.41 billion.
- Litecoin went up 0.62% to $86.99 and its valuation in the market is $5 billion.
- Cardano went up 1.65% to $0.173192 and its valuation in the market is $4.49 billion.
- IOTA went up 2.14% to $1.01 and its valuation in the market is $2.79 billion.
- Tether went up 0.17% to $0.992367 and its valuation in the market is $2.48 billion.