Bitcoin’s Resurgence Could Help Fuel the Next Rally in Chip Stock Advanced Micro
The semis have been crushed this month, but one stock remains in the green: Advanced Micro. AMD has risen more than 1% in May, shaking off the SMH semiconductor ETF’s 14% slump. It’s also up 102% over the past 12 months, while the SMH ETF has fallen 8%. Boris Schlossberg, managing director of FX strategy at BK Asset Management, sees another catalyst driving the AMD rally: bitcoin’s resurgence.
Best Cloud Mining Providers of 2019
Cloud mining is the process of buying CPU power from dedicated data centers who use their own equipment to mine cryptocurrencies such as Bitcoin (BTC) on your behalf. The main advantage of this approach is that you don’t need to have in-depth knowledge of mining hardware, nor buy expensive and hard-to-obtain devices. Renting ‘hash power’ (usually measured in Gigahertz per second or GH/s) also means you don’t have to deal with the heat and noise that comes with a DIY mining project.
Salesforce Launches Blockchain Platform for CRM
Salesforce is connecting a low-code blockchain platform with its customer relationship management (CRM) suite to open up new services and operations for its customers. The cloud-powered software developer has launched the platform to allow companies to create blockchain networks, workflows and apps, in a way that’s easier and faster than traditional methods.
Ethereum Usage and Adoption Uptick Has Analysts Bullish On ETH
Despite the fact that Bitcoin is gracing all the headlines, Ethereum (ETH) has done quite well for itself over the past few months. Both in terms of price action and fundamentals, the cryptocurrency has fared quite well in this bullish run. Let’s take a look at what’s up, and what analysts expect for Ethereum to do next in terms of prices.