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Mining Chip Producer AMD Shares Drop | Russia to Launch Two Cryptocurrency Agencies - NEWSBTC

430 views · Published 31 October 2017 · 1:58 · Indexed 30 October 2026

Channel: NEWSBTC · 2017 · People & Blogs

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It’s Tuesday, October 31st, My name is Kiana Danial, CEO of  Invest Diva, and here is your forex market report. I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update. Today we’re gonna do an overview on the blockchain industry and the most recent developments in the industry. First and foremost, the essence behind cryptocurrency mining and the blockchain industry, the graphics processor producer AMD stocks have been downgraded. Morgan Stanley reduced its rating for AMD shares as it thinks AMD will face demand problems for its graphics processors next year. Despite this, many experts agree on the huge impact that Blockchain technology will have on fintech in the coming years. Therefore, this pullback in AMD could be temporary. In other news, a city in Russia has been selected as a pilot city to launch two cryptocurrency agencies, following mandates by president Vladimir Putin. One is a crypto-advisory agency; the other is a crypto-detective agency. The crypto-advisory agency will be the first in Russia aimed at providing advice to citizens who want to work with cryptocurrencies. While the cryptocurrency industry has been labeled as a bubble by many experts, it could be a while before we see a burst as the demand continues to grow. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.

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