Best Crypto & Business Stories of the Week: August 20

[ad_1]

Many brands are starting to see a recovery despite the challenges initially posed by the pandemic. Some companies, especially those that have focused their efforts on expanding e-commerce businesses, have even seen their profits increase even more than before.

HYPEBEAST has put together the best trading and crypto stories of the week so you can stay on top of trends across industries.

Activity 1. NVIDIA Achieves Record Second Quarter Revenue

Chipmaker NVIDIA saw its revenue jump 68% over the three-month period. Total revenue for the quarter was US $ 6.51 billion as its games division performed exceptionally well.

2.Twitter Tapped Crypto Researcher Jay Graber To Lead Its Decentralized Social Network

Twitter’s Bluesky company aims to create a decentralized social network protocol. Little is known about the project so far, although the company is looking for a protocol developer and a web developer.

I’m excited to announce that I’ll be leading @bluesky, an initiative launched by @Twitter to decentralize social media. Follow updates on Twitter and at https://t.co/Sg4MxK1zwl

Jay Graber (@arcalinea) August 16, 2021

3. JAY-Z goes into sports betting

JAY-Z has teamed up with sports e-commerce platform Fanatics and its owner Michael Rubin to apply for a gaming license in New York City. According to official documents filed with the New York State Gaming Commission, the rapper will serve as vice chairman of the board of a new Fanatics Betting & Gaming organization, while Rubin will be the new director. general.

4. Robinhood released its second quarter 2021 results, noting an increase in crypto trading

The no-fee trading app said its total net income rose 131% to $ 565 million from $ 244 million in the previous quarter. It also noted that over 60% of its cumulative net funded accounts were traded in crypto.

What happened in crypto this week? Markets continue to climb, @AudiusProject and @tiktok_us collab, a quick explainer on Ethereums EIP-1559, and the Lightning network is adding many new nodes. pic.twitter.com/Vhs6GLN5fE

Robinhood (@RobinhoodApp) August 21, 2021

5. A24 appointed former NBA executive JB Lockhart as the studio’s first CFO

Lockhart started working for the NBA in 2013, before being named CFO in 2017. With the hiring of Lockharts, the company appears to be focusing on organic growth, rather than exploring potential put options.

Crypto 1. New report shows where crypto is most popular in the world

The 2021 Global Crypto Adoption Index report highlights that a growing number of countries are investing in crypto. Vietnam currently ranks first among countries using crypto, followed by India, Pakistan, Ukraine, Kenya, Nigeria, Venezuela, and the United States.

FIL: Here’s a quick summary of the key findings from our 2021 Global Crypto Adoption Index. Https://t.co/BEOzYvxVNf

Chainalysis (@chainalysis) August 18, 2021

2. Walmart is looking to hire a crypto expert

Walmartis is looking to hire a cryptocurrency project manager, according to a job description on the company’s website. The person will help the company identify crypto related investments and partnerships and lead projects related to blockchain assets.

3. The Dogecoin Foundation has added a number of top crypto experts to its advisory board

Created in 2014, the foundation aims to sponsor Dogecoin developers and support the development of the Dogecoin blockchain. The advisory board includes Ethereum founder Vitalik Buterin, Dogecoin founder Shibetoshi Nakamoto, and Jared Birchall, who represents Elon Musk.

Guess who’s back! https://t.co/MCF9cDNowx

Dogecoin Foundation (@DogecoinFdn) August 17, 2021

4. The creator of Vine is now making blockchain-based video games

Dom Hofmann, one of the creators of Vines and founder of Byte and Peach, has announced a new project called Supdrive. He described the new entity as a fantasy chain game console.

5. Watford FC got a sponsorship from Dogecoin

English Premiere League team Watford Football Club have received sponsorship from Dogecoin, with the iconic Shiba Inu dog appearing on the sleeves of the Watford shirt. The deal is in collaboration with crypto casino and sports betting platform Stake.com.

SARR DOUBLES OUR ADVANCE! pic.twitter.com/tX0m6N8k23

Watford Football Club (@WatfordFC) August 14, 2021

[ad_2]