Top Crypto and Business Stories of The Week: August 20

Many manufacturers are beginning to see a restoration regardless of the challenges initially introduced on by the pandemic. Some companies, particularly ones that centered efforts on increasing e-commerce ventures, have even seen earnings rise even larger than earlier than.

HYPEBEAST has rounded up the highest enterprise and crypto tales of the week so you may keep within the find out about tendencies throughout industries.

Enterprise

1. NVIDIA saw record Q2 revenue

Chipmaker  NVIDIA noticed revenues soar 68 p.c over the three-month interval. Complete income for the quarter got here in at $6.51 billion USD, with its gaming division performing exceptionally effectively.

2. Twitter tapped crypto researcher Jay Graber to lead its decentralized social network

Twitter‘s Bluesky enterprise goals to construct a decentralized social community protocol. Little is thought in regards to the mission up to now, although the corporate is in search of a protocol developer and a web developer.

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

— Jay Graber (@arcalinea) August 16, 2021

3. JAY-Z is getting involved in the sports betting business

JAY-Z has partnered with sports activities e-commerce platform Fanatics and its proprietor Michael Rubin to use for a New York gaming license. In keeping with official documents filed with the New York State Gaming Fee, the rapper will assume a vice chairman place on the board of administrators for a brand new “Fanatics Betting & Gaming” group, whereas Rubin would be the new chief government.

4. Robinhood released its Q2 2021 results, noting a rise in crypto trading

The no-fee buying and selling app mentioned its whole internet revenues elevated 131 p.c to $565 million USD, in contrast with $244 million USD within the earlier quarter. It additionally famous that over 60 p.c of its internet cumulative funded accounts had been buying and selling in crypto.

What occurred in crypto this week? Markets proceed to climb, @AudiusProject and @tiktok_us collab, a fast explainer on Ethereum’s EIP-1559, and the Lightning community provides a complete lot of latest nodes. pic.twitter.com/Vhs6GLN5fE

— Robinhood (@RobinhoodApp) August 21, 2021

5. A24 named former NBA executive J.B. Lockhart as the studios first chief financial officer

Lockhart first began working for the NBA in 2013, earlier than being named CFO in 2017. With Lockhart’s rent, the corporate seems to be specializing in its inner development, somewhat than exploring potential sale choices.

Crypto

1. A new report shows where crypto is most popular around the world

The 2021 Global Crypto Adoption Index report highlights {that a} rising variety of nations are investing in crypto. Vietnam presently ranks first general as the highest nation utilizing crypto, adopted by India, Pakistan, Ukraine, Kenya, Nigeria, Venezuela and america.

THREAD: Right here’s a fast abstract of the important thing findings from our 2021 World Crypto Adoption Index. https://t.co/BEOzYvxVNf

— Chainalysis (@chainalysis) August 18, 2021

2. Walmart is looking to hire a crypto expert 

Walmart is seeking to rent a cryptocurrency mission lead, in line with a job description on the corporate’s web site. The particular person will assist the enterprise establish crypto associated funding and partnerships and drive tasks associated to blockchain property.

3. The Dogecoin Foundation added a number of high-profile crypto experts to its advisory board

First established in 2014, the inspiration goals to sponsor Dogecoin builders and assist the event of the Dogecoin blockchain. The advisory board contains Ethereum founder Vitalik Buterin, Dogecoin founder Shibetoshi Nakamoto and Jared Birchall, who represents Elon Musk.

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

— Dogecoin Basis (@DogecoinFdn) August 17, 2021

4. Vine’s creator is now creating blockchain-backed video games

Dom Hofmann, one in all Vine‘s creators and founding father of Byte and Peach, has introduced a brand new mission dubbed “Supdrive.” He described the brand new entity as an “on-chain fantasy recreation console.”

5. Watford FC got a sponsorship from Dogecoin

English Premiere League workforce Watford Soccer Membership has obtained a sponsorship from Dogecoin, with the enduring Shiba Inu canine showing on the Watford shirt sleeves. The deal is in collaboration with crypto on line casino and sports activities betting platform Stake.com.

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

— Watford Soccer Membership (@WatfordFC) August 14, 2021