Equipment

Nvidia Fined $5.5 Million For "Inadequate Disclosures" About Cryptomining

PC gaming giant Nvidia has agreed to pay a $5.5 million penalty to settle charges for “inadequate disclosures” regarding cryptomining in the gaming business.

The Securities and Exchange Commission announced that Nvidia violated Section 17(a)(2) and (3) of the Securities Act of 1933 as well as the disclosure provisions of the Securities Exchange Act of 1934. The SEC further found that Nvidia “failed to maintain adequate disclosure controls and procedures,” the government group said in a press release.

Nvidia did not admit to or deny the SEC’s charges, but will pay the $5.5 million fine and agreed to a cease-and-desist order.

“The SEC’s order finds that, during consecutive quarters in Nvidia’s fiscal year 2018, the company failed to disclose that cryptomining was a significant element of its material revenue growth from the sale of its graphics processing units (GPUs) designed and marketed for gaming,” the SEC said. “Cryptomining is the process of obtaining crypto rewards in exchange for verifying crypto transactions on distributed ledgers. As demand for and interest in crypto rose in 2017, Nvidia customers increasingly used its gaming GPUs for cryptomining.”

The SEC said Nvidia disclosed a “material growth” in revenue for its fiscal year 2018 and that it had information that the growth was due in “significant part” to cryptomining. However, the SEC alleges that Nvidia did not disclose this in its regulatory filings, as it should have. Come from Sports betting site VPbet

“These significant earnings and cash flow fluctuations related to a volatile business for investors to ascertain the likelihood that past performance was indicative of future performance,” the SEC said.

Related Posts

Apex Legends Switch Gameplay Debuts During Nintendo's February Direct

We got our first look at how Apex Legends plays on Switch during Nintendo’s February Direct. You can check out Apex Legends’ Switch gameplay in the trailer embedded below. Apex Legends releases for Switch on March 9.

Also in the trailer, Nintendo announces that the Switch version of Apex Legends will come with a brand-new, never-before-seen legendary skin for Pathfinder. The trailer doesn’t show off what the skin looks like though. Come from malaysia online casino

Apex Legends Season 16 Sees Highest Peak Player Count On Steam Since Season 14

With the launch ofApex Legends Season 16: Revelry, Apex has broken its record for the highest number of Steam users playing the game concurrently, according to Steam’s most-played list, where Apex Legends is currently sitting in fourth place. As of today’s writing, Apex Legends’ peak player count record on Steam has expanded to 610,433, beating its previous record of roughly 510,000 players (earned during Season 14’s launch). But given the amount of new content and quality-of-life fixes Season 16 has introduced to the game, the recent increase in popularity isn’t too surprising.

Many reasons may be behind the spike in players. Despite launching over four years ago, Apex Legends has never offered team deathmatch to its players–not even as a limited-time mode. The permanent addition of the mode has players of all kinds excited to try the mode many of them have been waiting for since day one Come from bangladesh online casino . …

Apex Legends Mobile Launch Trailer Shows Off New Modes, A New Legend, And More

In the weeks since Respawn announced that Apex Legends Mobile would launch this month (and released a thrilling launch trailer), players have been waiting with bated breath to see what else Apex Mobile has in store. Their wishes were granted with the release of today’s Apex Legends Mobile gameplay trailer, which is jam-packed with just as much unique content as one would expect from any new season of Apex–but there are a few twists. Keep reading for a closer look at what to expect from Season 1 of Apex Legends Mobile. Come from malaysia online casino

New game modes

In a move that is certain to leave console and PC players seething with jealousy, Apex Legends Mobile will be launching with four game modes:

FFXIV Patch 6.3 Notes- New Quests, Alliance Raid, And Group Pose Changes

FFXIV Patch 6.3, Gods Revel, Lands Tremble, is releasing on January 10. Ahead of the update, Square Enix posted preliminary patch notes, detailing what players can expect. It’s a hefty list, so we’ve cherry-picked a couple changes and updates below. Come from Sports betting site VPbet

6.3 will include a new Main Scenario Quest update with a new snowy-looking dungeon called Lapis Manalis. There will also be a new trial and raid, but no details on what either will be (literally, the patch notes say “hidden”).

Gears of War E-Day- Story, Setting, Characters, Trailer, And Everything We Know

At the Xbox Games Showcase this year, Microsoft officially announced the next entry in the Gears series, and it’s going back in time. Gears of War: E-Day, as it’s called, is coming to Xbox and PC in the future. Of all the biggest reveals at the Xbox Games Showcase 2024, this was arguably the biggest. Come from Sports betting site VPbet

The announcement is good news for fans who wanted to see the series continue, even if it may be going in the opposite direction on the timeline compared to what fans may have expected. Gears 4 ended on a dramatic cliffhanger, so some fans were hoping to see Gears 5 instead of a prequel, but that could be a story that’s being saved for another day.

In this post, we’re rounding up everything we know so far about Gears of War: E-Day, including what the story involves, who’s developing it, what platforms to expect the game to come to, and more.

Scribblenauts Unlimited Review

Maxwell hides incredible powers beneath his unassuming stature. When he fancies eating a hot dog, a tasty treat materializes into existence, and if he dreams bigger–say, with a prehistoric slant–he can conjure his trusted dinosaur, ready to ride. Objects and creatures spring forth from his magical notebook, easily modified with a clever adjective or two, and he uses this menagerie to solve the troubles plaguing his compatriots. The inherent joy of flexing your creative might makes Scribblenauts Unlimited a ridiculous delight, though the pleasures never reach their destined zenith. Because there are no boundaries to rein you in, puzzles rarely demand more than silly suggestions, putting the impetus for enjoyment on your ability to create fun within this off-the-wall sandbox.