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American graphics card manufacturer Nvidia’s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations.Quarterly growth from Q4 2021 to Q1 2022 was strong with an 8% increase in revenue to $8.98 billion and 3% increase in earnings per share
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The manufacturer of graphics processing units has been reluctant to acknowledge the role its products play in crypto mining; bitcoin and ether plummet. Source
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The U.S. Securities and Exchange Commission (SEC) has charged Nvidia Corp. for failing to disclose that crypto mining significantly boosted its revenue. The company agreed to a cease-and-desist order and to pay a $5.5 million penalty. Nvidia Failed to Disclose That Crypto Mining Was a Significant Element of Its Material Revenue
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Without admitting or denying the SEC charges, the chipmaker agreed to pay a $5.5 million dollar fine to settle the affair. Source
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The United States Securities and Exchange Commission, or SEC, has announced that it has settled charges against Nvidia — the company behind graphics cards used by many crypto miners — in regards to “inadequate disclosures.”In a Friday announcement, the SEC said that Nvidia failed to disclose that mining cryptocurrencies was
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For its part, Nvidia said in an emailed statement to CryptoX that it became aware of a cybersecurity incident on Feb. 23 that affected its IT resources. In response, it hardened its network, engaged cybersecurity incident response experts and notified law enforcement. Source
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Nvidia announced the expansion of Omniverse with new features, such as the one-click collaboration tool Nucleus Cloud, and new connectors, extensions and asset libraries built by Nvidia partners. New ecosystem partners include 3D marketplaces and digital asset libraries TurboSquid by Shutterstock, CGTrader, Sketchfab and Twinbru. Original Source
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ProShares, the first company in the United States to launch a Bitcoin (BTC) exchange-traded fund (ETF), is diving into the metaverse as it now plans to launch a new metaverse-focused ETF.ProShares on Tuesday filed with the U.S. Securities and Exchange Commission for an ETF focused on the metaverse, called the
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Nvidia’s RTX 30 series of graphics cards have been subject to unending speculation, rumors and even ridicule since the firm first announced it would ship its latest GPU’s with a built-in Ether (ETH) mining limiter. A series of missteps saw the mining limiter on Nvidia’s RTX 3060 card first undone
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Nvidia is also launching Cryptocurrency Mining Processors (CMP) specifically for Ethereum miners. Source
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