Major global chip maker Nvidia expects to complete sales of remaining inventory built up in expectation of crypto mining demand, according to a Bloomberg report on March 19. The company is now working on selling the crypto-oriented inventory that remained unsold as the crypto bear market continues. The firm predicted that it would be able to sell the excess inventory by the end of the current quarter. After Nvidia saw massive market growth amidst increased demand for crypto mining hardware from 2016 to 2018, the firm was hit hard by the extended crypto bear market, with its stock becoming the …

This sponsored article has been removed due to noncompliance with Cointelegraph’s internal policies. We apologize for the following situation. 03/19/2019 at 10:10 a.m. PST — This sponsored article was published. 03/19/2019 at 10:20 a.m. PST — We were internally notified that this project might be considered as “questionable”. We decided to conduct a second background research. The task was assigned to the Legal Department for additional due diligence, which indicated that the project doesn’t comply with Cointelegraph’s policy. 03/20/2019 at 9:00 a.m. PST — This sponsored article was removed. Due to this unpleasant incident, we have strengthened our review process …

A co-founder of controversial QuadrigaCX exchange was reportedly involved in multiple criminal activities in the past, Bloomberg reports on March 19. Michael Patryn, who co-founded Canadian crypto exchange QuadrigaCX along with Gerald Cotten in 2013, was previously known as Omar Dhanani, a person that was involved in multiple crimes in the United States, Bloomberg states. $145 million in clients’ crypto assets was found to be missing from the QuadrigaCX exchange after its co-founder and CEO Cotten died at the age of 30 from complications of Crohn’s disease in December 2018. The exchange is now ongoing legal and financial proceedings amid …

American payment services firm Visa has published a crypto and blockchain-related job opening on San Francisco-based recruiting software firm SmartRecruiters on March 6. Global financial services corporation Visa is seeking blockchain talent for the position of Technical Product Manager at Visa Fintech in their Palo Alto office. The person will be responsible for the execution of Visa’s product strategy within a cryptocurrency ecosystem, and will be required to manage the roadmap for crypto-related opportunities. According to the job description, the person should be possess a functional knowledge of the crypto industry and major players involved, as well as in-depth knowledge …

United States-based crypto startup Bcause LLC will use Nasdaq's trading, clearing and market surveillance technology, Nasdaq announced in a press release today, March 13. According to the announcement, Bcause will use the tech for its spot cryptocurrency market, set to launch via Nasdaq’s Financial Framework platform in the first half of 2019. According to Nasdaq, the tech will let the company monitor its markets for manipulative activities and other types of suspicious conduct, therefore creating a more secure spot and derivatives market. Fred Grede, CEO of Bcause, expects that the new crypto spot market will attract a broad range of …

One of the hottest topics in cryptocurrency right now is the potential ability for distributed ledger technology to transform the borrow and lending activities in traditional banking. This helps banks solve two major issues: application of legal actions and liquidity. But “on-chain” technology could solve another essential, but less recognized, problem: credit. In theory all the information is right in front of you on the blockchain, but the utopian world and the real world are two different things. There remain some significant pain points that are holding back “on-chain” borrowing and lending from really taking off and entering the mainstream. …

North America’s largest branded shelf-stable seafood firm Bumble Bee Foods has launched a blockchain platform for seafood traceability. The project was created in collaboration with German tech company SAP specializing in enterprise software, according to a press release on March 8. Based on SAP Cloud Platform Blockchain service, the new platform can purportedly monitor the supply chain of yellowfin tuna from Indonesia to end customers. The announcement was made at the annual industry conglomerate South by Southwest Conference (SXSW) that is taking place from March 8 to March 17 in Austin, Texas, United States. Customers will purportedly be able to …

A committee of the Connecticut state legislature has proposed to authorize the use of smart contracts in commerce in the state, according to official documentation introduced on March 7. The Commerce Committee of the Connecticut General Assembly (CGA) has introduced House Bill 7310, suggesting that blockchain-powered smart contracts may be used in commerce conducted or initiated in the United States state of Connecticut. The committee elaborated that any cryptographic signature or a record secured through distributed ledger technology (DLT) should be considered to be in an electronic form and an electronic record. The CGA Commerce Committee emphasized that no smart …

Global blockchain spending will account for almost $2.9 billion in 2019, which is an 88.7 percent increase from 2018, according to a new report from United States-based market research firm International Data Corporation (IDC). Published on March 4, IDC's Worldwide Semiannual Blockchain Spending Guide provides analysis of blockchain developments in various segments. According to the report, the financial sector will be the leading industry in terms of spending in blockchain development this year. Banking, securities, investment services and insurance services are forecasted to invest more than $1.1 billion out of the total global blockchain spending. In turn, manufacturing and distribution …

Last week, technology entrepreneur and Tesla CEO Elon Musk said that Bitcoin’s (BTC) structure is “quite brilliant,” adding that digital currency is “a far better way to transfer value than pieces of paper.” Notably, that was perhaps the most straightforward comment on cryptocurrencies and blockchain from Musk so far, as he normally tends to avoid the topic. However, there have been a few encounters between the tech mogul and crypto to date — after all, given Musk’s previous experience at PayPal, he couldn’t pass up the innovative digital payment method. Here’s how his relationship with crypto has evolved since 2014, …

Seven global oil and gas firms, including American industry giants ExxonMobil and Chevron, have partnered to form a blockchain consortium, according to a press release on Feb. 26. The so-called Oil & Gas Blockchain Consortium, residing under the Offshore Operators Committee (OOC), intends to conduct proofs of concept (PoC) in order to explore and apply the benefits of blockchain, as well as contribute to global adoption of the tech. According to the press release, the consortium represents the first initiative of its kind in the oil and gas industry in the United States. The founding members include Chevron and ExxonMobil, …

Global professional services firm Accenture is working with major global firms including Mastercard to introduce a blockchain-based circular supply chain, according to a press release published on Feb. 25. An active user of blockchain and digital ledger technology, Accenture now intends to employ the tech as a key component to boost the circular supply chain. The term circular supply chain encompasses all stages on the supply chain, from the beginning to the end, in order to eliminate waste and improve sustainability for the environment. Within the announced initiative, Accenture is collaborating with major global companies including cloud computing firm Amazon …