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Blockchain-Powered Devices to be Worth More Than $23.5 Billion by 2030 According to Business Intelligence Firm

According to a market research report by P&S Intelligence, a business intelligence consulting services firm, the worldwide blockchain devices market was worth $300 million in 2019 but is expected to surpass $23.5 billion in worth by 2030. This trend represents a Compound Annual Growth Rate (CAGR) of 48.7% based on the 2020-2030 forecast period.  Crypto … Continue reading Blockchain-Powered Devices to be Worth More Than $23.5 Billion by 2030 According to Business Intelligence Firm

Which Cryptocurrency Was Most Correlated to Rest of the Crypto Market In 2019?

A reportpublished by research projections from Binance released figures which amounted to ETH (Ether), averaging a correlation coefficient of 0.69. The research showed the following comparative values; “Ether is the highest correlated asset. With an average correlation coefficient of 0.69 throughout 2019, it is consistently among the most correlated assets. The coefficient started at 0.69 in … Continue reading Which Cryptocurrency Was Most Correlated to Rest of the Crypto Market In 2019?

Wuhan Coronavirus Outbreak Could Cause Potential Disruption to the Crypto Market

Since the coronavirus patient was identified on Dec. 1, 2019, in Wuhan, the capital of Hubei province in China, the virus has since claimed at least 100 lives. With at least over 4,500 cases confirmed worldwide, the Dow Jones Industrial Average has seen its fifth consecutive daily decline, dropping 1.6%. The S&P 500 also declined 1.6%, witnessing its … Continue reading Wuhan Coronavirus Outbreak Could Cause Potential Disruption to the Crypto Market

Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers

The coronavirus is causing mass disruption throughout Asia and has now been declared a ‘global health emergency’ by the World Health Organisation. The Chinese government has taken drastic isolation measures, and over 40 million people are effectively on lockdown. One of the leading manufacturers of crypto mining hardware, MicroBT recently notified customers via WeChat that their shipments would be delayed at … Continue reading Coronavirus Measures in China Delay Crypto Hardware for MicroBT and Bitmain Customers

Hong Kong Blockchain Startup Bitspark Announces Closure Amid Coronavirus Outbreak and Protests

Bitspark, a blockchain remittance startup based in Hong Kong, recently announced its abrupt closure, stating internal restructuring issues.   The company was co-founded by Bitspark CEO George Harrap and COO Maxine Ryan, a college drop-out in 2014, and quickly became one of the major blockchain-based financial services firm in the Asia Pacific region, serving countries such … Continue reading Hong Kong Blockchain Startup Bitspark Announces Closure Amid Coronavirus Outbreak and Protests

What Solutions Can Blockchain Bring in Response to the Deadly Coronavirus Outbreak?

The Wuhan coronavirus death toll hit a daily high, with 565 deaths, and 3694 confirmed cases, a slightly lower number than the day earlier. 28,261 cases of infection have been reported worldwide, with most cases confirmed in Hubei province in China.  Syren Johnstone, the Executive Director of the Masters of Law (Compliance and Regulation) Program the … Continue reading What Solutions Can Blockchain Bring in Response to the Deadly Coronavirus Outbreak?

Could Bitcoin and Blockchain Be Affected by the Coronavirus?

As blockchain has spread in the global industry, the coronavirus has begun to follow. Unfortunately, rather than offering freedom and independence, the disease brings uncertainty and risk.  To help stop the spread of the virus, many businesses are implementing measures to aid and help employees avoid contact with others, as the disease is said to … Continue reading Could Bitcoin and Blockchain Be Affected by the Coronavirus?

Positives Out of the Wuhan Coronavirus: Blockchain Educators in the City

For many outside of China, the city of Wuhan is now identified as being ground zero for the recent outbreak of the coronavirus, but some amazing innovation has come out of China’s seventh biggest city in recent years.  Already established as a major motor manufacturing hub, the region is also making waves in the blockchain … Continue reading Positives Out of the Wuhan Coronavirus: Blockchain Educators in the City

Legend of Wuhan Coronavirus Whistleblower Will Live Forever on Ethereum Blockchain

Li Wenliang was an ophthalmologist at Wuhan Central Hospital who became something of a national hero amidst the turmoil of the Coronavirus. His legend has only been further galvanized following his recent death where he succumbed to the dreaded virus. According to the Washington Post, the Chinese doctor was silenced by police and charged with “rumor-mongering” … Continue reading Legend of Wuhan Coronavirus Whistleblower Will Live Forever on Ethereum Blockchain

Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

With 27 mainland Chinese cities on lockdown, insurance providers have been relying on blockchain technology to fast track claims payouts during the coronavirus outbreak,which has taken over 800 lives, surpassing the death toll of the severe acute respiratory syndrome (SARS) in 2003.   Xiang Hu Bao, an online mutual aid platform, a subsidiary of Ant Financial, is … Continue reading Insurance Firms in China and Hong Kong Count on Blockchain to Fast Track Coronavirus Claims Amid Outbreak

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