blockchain

Amazon, Walmart - Accepting of Crypto!

  • AWS CEO Andy Jassy unveiled two new blockchain products at the re:Invent conference in Las Vegas on Wednesday.

  • The company will offer Amazon Quantum Ledger Database and Amazon Managed Blockchain for developers using its cloud-computing services.

  • Amazon is introducing the services despite an almost 70 percent plunge this year in the price of bitcoin.

Amazon's new product will support two popular existing blockchain platforms — Ethereum and Hyperledger Fabric. Ethereum is a popular open-source building platform for developers, linked to the cryptocurrency ether, while corporate giants including IBM are currently building projects on Hyperledger.

In addition to the managed blockchain product, AWS announced Amazon Quantum Ledger Database, or QLDB, where customers can replicate a copy of their blockchain network activity.

Amazon already leverages Ethereum on its cloud network, and in May announced a partnership with start-up Kaleido to make it easier for customers to put their services on blockchain. Microsoft offers customers "blockchain as a service" on its Azure cloud.

On the other side of the fence, Walmart is also fully invested in Blockchain. Walmart recently became one of the first retailers to explain how it will be using the technology. The company said it would require lettuce suppliers to upload data about their foods to blockchain within a year.

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Buffett Backflips: ALL IN CRYPTO!

Warren buffett has for years talked down on Crypto, especially #Bitcoin.

However, Buffett's investment conglomerate - Berkshire Hathaway - has invested $600 million across two large Fintech firms ($300m each). On of the investments is in Indian firm, Paytm (the largest mobile-payments service in India).

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The other investment was made in Brazillian StoneCo, Brazil's largest brokerage firm. Interestingly, the firm recently announced that it will launch Bitcoin and Ethereum exchanges in Brazil.

Both firms invested in are heavily involved in Blockchain technology and R&D. Both have investments in Bitcoin and other Cryptocurrencies. Both go against everything Warren Buffett once claimed about Crypto.

It is obvious that he has had a change of heart. However, many speculators suggest it was a game the entire time; play bearish on Crypto and Bitcoin whilst accumulate and build partnerships in the background.

Bullish news. Be happy.

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