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Nvidia Faces Class Action Lawsuit Over Losses After Diminished Mining GPU Demand Graphics processing unit (GPU) producer Nvidia is facing a class action lawsuit over the losses reported by the company when lower crypto prices diminished demand for GPUs by miners. Schall law firm announced the lawsuit on Dec. 24.⠀ The complaint states that “the Company made false and misleading statements to the market.” Namely, according to the announcement, Nvidia “touted its ability to monitor the cryptocurrency market and make rapid changes to its business as necessary.” Shall states that the GPU producer also declared:⠀ ⠀ “Any drop off in demand for its GPUs amongst cryptocurrency miners would not negatively impact the Company’s business because of strong demand for GPUs from the gaming market.”⠀ ⠀ As Cointelegraph recently reported, after the cryptocurrency mining crash, Nvidia was the worst reported performer in S&P 500. After a massive sell-off of its shares, the stock price of the company fell by 54 percent.⠀ In mid-November, an analysis by Susquehanna — a United States -based global trading and technology firm — observed that mining Ethereum (ETH) using graphics processing units was no longer profitable.⠀ In the Susquehanna analysis, the profit per month for GPU Ethereum miners hit $0 by Nov. 1, down from nearly $150 in July 2017.⠀ Earlier this week, Japanese firm GMO Internet announced that they would be leaving the mining sector, citing extraordinary losses over the year.⠀ Source: https://cointelegraph.com/news/nvidia-faces-class-action-lawsuit-over-losses-after-diminished-mining-gpu-demand ⠀ https://www.bitfeed.online/nvidia-faces-class-action-lawsuit-over-losses-after-diminished-mining-gpu-demand/⠀ #bitcoin #technology #cryptocurrencies #mining #bitcoinmining #court #gpu #nvidia #bitfeed https://www.instagram.com/p/Br-84yJgKFT/?utm_source=ig_tumblr_share&igshid=3u0sl99n8n44

How one company is giving power to the people to help limit climate change before it’s too late. With climate change and various environmental factors threatening our way of life and those of our children, there’s been a huge increase in recent years of people striving to live a green, clean life that minimises any adverse impact they have on the world. There are many different ways people are able to change their lifestyles. Limiting energy consumption and recycling and two easy and quantifiable ways to help the environment, but the tricky aspect of lowering one’s carbon footprint has been a much more difficult beast to tackle in any measurable terms, until now.⠀ Ecoingot, a group of environmental tech experts, are busy creating a platform which helps eco-conscious individuals gather and assess their carbon impact data across everything from their everyday purchases to activities and lifestyle choices. And they’re doing it on the blockchain.⠀ ⠀ Their solution, titled the Internet of Carbon, is said to use cutting-edge technological methods to gather the data and process it in a way that makes it easy to access by everyone with the aid of an app. This is all made transparent and secure by building the platform on the blockchain, so every piece of data is accounted for and can be tracked. It aims to provide carbon usage data on everything from a cup of coffee to taxi rides, to Amazon deliveries or doing your laundry.⠀ Ecoingot’s platform could not be coming at a better or more urgent time, since the IPCC have reported that a global temperature rise of 1.5 degrees will have truly catastrophic consequences for mankind, that monumental changes are needed in the world to ensure this doesn’t happen, and that time is drastically running out before it’s too late to implement these changes. The world needs everyone to club together and help make the changes needed.And currently, it is not happening fast enough, especially when it comes to industry level changes, which take years to impl ...⠀ https://buff.ly/2znEcpA⠀ #bitcoin #technology #blockchain #bitfeed https://www.instagram.com/p/BpuLBF2A0uq/?utm_source=ig_tumblr_share&igshid=drpnumxac2wo

Will Panama Be the Next Top Crypto Jurisdiction? Crypto Law Insider is the leading legal authority for entrepreneurs and investors in the cryptocurrency and blockchain ecosystem.Five years ago, I moved to Panama. Before picking the country as my base, I considered several different jurisdictions. But after going through all the options, the decision was clear—Panama was far and away the best choice.⠀ Not only is Panama the most developed country in the region, but the weather is great, the currency is pegged to the dollar, and we’re just a nonstop flight away from family if necessary.⠀ On top of the great lifestyle benefits, the country hosts a strong, stable economy and attractive business incentives. Being here feels almost like being in the US, but with a significantly lower cost of living.⠀ For years, Panama has attracted a wide range of businesses and investors to its shores for these and many other reasons, and today the country has all the makings of an excellent hub for crypto… except for one thing.⠀ Read on below to find out why Panama is one of the best jurisdictions for entrepreneurs and investors in crypto, as well as what’s holding it back.⠀ Panama is a Great Place to Start a Business⠀ Panama has long been known for its open attitude towards foreign investment and businesses—as a small country on the isthmus between North and South America, international trade represents a large portion of Panama’s economy.⠀ It has a vibrant financial sector which is efficiently regulated, well managed, and governed by strict laws ensuring financial privacy and confidentiality. Similar to Switzerland, Panama has a strong and vibrant banking sector. But unlike Switzerland, Panama has reasonably priced corporate and legal services, which make starting and operating a business here simple and cost-effective.⠀ Unlike most international destinations, Panama has the added benefit of using the US dollar. While Panama does have its own currency, the Balboa, the US dollar is accepted at every business and banking institution in the countr ...⠀ https://buff.ly/2DaDHUm⠀ #bitcoin #technology #jurisdictions #bitfeed https://www.instagram.com/p/BpuKi2kgCp-/?utm_source=ig_tumblr_share&igshid=ze7ghpxdj8sm

Top 6 Crypto Airdrop Platforms You Should Know Airdrops are mainly distribution of tokens out to existing or new holders as a marketing strategy to promote a product, service, coin, or exchange.⠀ Of recent, this act has become increasingly important and as more people, especially new people, the need for a platform which will regularly publish these airdrops are required.⠀ Here are recommended platforms which you can get notified of airdrop events and know exactly what to do to partake of the token distribution.⠀ 99airdrops.com⠀ ⠀ This crypto airdrop platform which was launched in 2018 has made a name notifying users of airdrops. It’s undoubtedly one of the best places to get information about airdrops, but more importantly, how to participate in them. Every information is made available to you, all relevant information to help guide through redeeming and also various news article around the airdrop on the web are published.⠀ The platform is easy to use; even a newbie can make his way around it. The team behind the platform, no doubt, has a lot of experience.⠀ The 99airdrops platform is spectacular in its workings. The algorithm behind the platform is developed to take into consideration every activity across the web, most especially Facebook, Reddit, and a host of others. These metrics are analyzed to know the validity of the airdrop program.⠀ The platform only gives out information about valid projects. In a bid to make the platform better, the 99airdrops site can make future price predictions based on specific criteria.⠀ The platform is one of the best and fastest platforms when it comes to notifying users on new airdrops. Their email newsletter subscription also is quite useful. Another way to get an update on the platform is by bookmarking the site and checking regularly. If you don’t have time to do this manually, then the first two options would be your best bet.⠀ The 99airdrops platform sorts upcoming events by time, at least, you get a 24hrs notice before airdrop starts to stay abreast forthcoming airdrop events. What’s more, the pla ...⠀ https://buff.ly/2RCEz88⠀ #technology #bitcoin #guides #bitfeed https://www.instagram.com/p/BougZjwgXSq/?utm_source=ig_tumblr_share&igshid=2x6alc9ssci4

Binance Locks Down User’s Wallet Holding 1200 BTC This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain Ecosystem. For more follow the link below.Binance, the world’s largest crypto exchange by trade volume, blocked a user from accessing their wallet with over 1200 Bitcoins. The owner of the wallet goes by the Reddit username skilledguyfx, and claimed that such decision was sudden and that the Binance team had been evasive in providing the specific reasons for the block.The user went to Binance’s Subreddit commenting that they had complied with all security requirements imposed by the company. According to the Reddit post, his account was a 3D Level Verified account, and he used those 1200 BTC for arbitrage operations.Skilledguyfx states that he has met all the requirements and has even given more evidence than necessary; however the Binance team has repeatedly changed the reasons for the blocking without providing any solutions.Questionable MotivesAccording to skilledguyfx, Binance is merely saying that their Bitcoins are being held for “security” reasons and due to the demands of an unidentified law enforcement agency.“I’ve had a long conversation with their representative where I provided all my documents (even more that it was necessary), passed video verification and fund verification as well.During our conversation, they changed the reason for blocking my account a few times, and as a conclusion, it’s still blocked.The first reason was “security” the last one was “law enforcement” which they don’t want to connect me directly with. And you know what, I don’t believe them at all.The Binance Case and Why DEXs Are The FutureThe user has tried to communicate on several occasions via email, and the situation has not worked out well. Apparently, Binance even managed to block him from the company’s subreddit, as manifested in one of its first postsFace ...⠀ https://buff.ly/2ylhjCJ⠀ #technology #bitcoin #bitcoin-news #wallets-and-exchanges #bitfeed https://www.instagram.com/p/BortAsPA8AM/?utm_source=ig_tumblr_share&igshid=12avjn4mg4o6g

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