CRYPTO INSIDER: Nvidia's bitcoin boom goes bust

Thomson Reuters

FILE PHOTO: Nvidia co-founder and CEO Jensen Huang attends an event during the annual Computex computer exhibition in Taipei

Welcome to Crypto Insider, Business Insider's roundup of all the bitcoin and cryptocurrency news you need to know today. Sign up here to get this email delivered direct to your inbox.

On its earnings call Thursday afternoon, Nvidia warned investors that its revenue from cryptocurrency mining could shrink by two-thirds next quarter as prices tumble and specialised mining machines hit the market.

Complimentary Tech Event

Transform talent with learning that works

Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More

Here are the current crypto prices:

Markets Insider

In the news:

• Cryptocurrencies are getting slammed after a raid at South Korea's largest exchange
• Facebook is reportedly exploring the creation of its own cryptocurrency
• Nvidia's bitcoin boom is over, but this investor says the bigger opportunity is just starting
• An aspiring Bloomberg for bitcoin is connecting investors directly with the teams working on the hottest cryptos
• One of the largest bitcoin hedge funds killed it in April - but it still got showed up by passive funds
• Bitcoin exchanges are stepping up their game to lure high-speed traders like Virtu and Citadel

• How to buy and sell major cryptocurrencies using Coinbase on your iPhone
• How to buy Ripple's XRP
• From HO DL to the moon: All the cryptocurrency slang you need to know to sound like a bitcoin expert
• An ETF veteran who ditched Wall Street for crypto explains how bitcoin can fit into a portfolio
• Track the price of nearly two-dozen cryptocurrencies here

What other questions do you have about crypto? Ask them in Business Insider's Crypto Insider Facebook group today to discuss with readers from all over the world, as well as BI editorial staff.