Here are the key Senate races for crypto in the US election
The crypto industry is watching Senate races in Ohio, Montana, Pennsylvania, Wisconsin, and Massachusetts — all seen as key to getting pro-crypto lawmakers into office. Go to Source
Results
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Google parent Alphabet profit surges 29% in Q2 amid AI splurge
The firm’s CEO, Sundar Pichai, said its AI products have already generated “billions” in revenue from its cloud business. Go to Source
Marathon Digital misses Q1 estimates on bad weather, utility failures
The Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weather at multiple mining sites. Go to Source
Metaverse losses top $3.6B for Meta with spending set to increase
The tech giant is just over $500 million away from topping its more than $10 billion Metaverse department losses in 2021, but it said its spending will only grow next year. Go to Source Powered by WPeMatico
Nvidia cites limited visibility into crypto mining’s impact on Q2 results
Nvidia’s CFO said falling crypto prices and changes in consensus mechanisms have in the past impacted demand for its products and the company’s ability to estimate it. Go to Source Powered by WPeMatico
‘This is on me’ — Robinhood CEO to lay off 23% of staff after Q2 loss
The online retail broker blamed the economy for a decline in user numbers and net revenue that fell 44% year-on-year, although revenue from crypto rose moderately this quarter. Go to Source Powered by WPeMatico
Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test
A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed to show the digital currency’s carbon footprint would be … Read more
Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests
Most institutional investors look forward to adding digital assets to their portfolios, in spite of concerns over crypto market volatility. More than half of the respondents in a new survey conducted by Fidelity’s crypto subsidiary have revealed they already have digital asset investments. Poll Confirms Strong Institutional Interest in Digital Assets Despite the uncertain regulatory … Read more
Could blockchain end bitter vote-rigging disputes once and for all?
There are fears that voting on the blockchain might not be practical. Instead, the real value of this technology may be linked to counting ballots afterwards. Go to Source Powered by WPeMatico
US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector
Financial results released by two U.S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well. One of the crypto-friendly institutions, Silvergate Bank, has seen an increasing number of crypto clients throughout the year. Also read: Swiss Bank Julius … Read more
