On Tuesday Bitcoin and Ethereum price is much lower than on Monday. Coinbase is going to add the ERC20 technical standard. Bitmain started production of the first Ethereum ASIC-miner.
Seemingly, Ethereum should grow on the news that Coinbase is going to add the ERC20 technical standard, which is used in Etherium smart contracts. This standard is very popular among ICO developers.
According to the Coinbase blog, ERC20 support will allow to store a number of new assets with the help of Coinbase Custody, but not all of them will be available for trading on GDAX or Coinbase.
In addition, ERC20 support will allow to restore safely the assets that were mistakenly sent by users to Ethereum-addresses in GDAX and Coinbase.
Just one more news: Bitmain, the largest manufacturer of specialized equipment for mining crypto-currency, started production of the first Ethereum ASIC-miner.
After this event, a leading research company from Wall Street had lowered its forecast for Nvidia and AMD shares. The forecast for AMD shares (NASDAQ: AMD) is lowered from $13 to $7.5, NVIDIA (NASDAQ: NVDA) - from $215 to $200.
Susquehanna analyst, Christopher Rolland, is convinced that AMD will suffer from new ASIC-miners release much more than Nvidia, since Ethereum miners provide 20% of profit to the first manufacturer, while only 10% — to the second one.
Recently, AMD has published its annual filling where said that the demand for GPU can be significantly adversely affected if the miners stop buying.