We’ve Already Spent 3 Billion Hours Binging Twitch in 2020

Twitch had its best quarter to date in Q1 2020. The platform hit all-time records with over 3 billion hours watched and over 121 million hours streamed. The surge in popularity is linked to the vast number of people confined to their homes by coronavirus lockdown measures. Twitch is more popular than ever, according to the latest quarterly findings from streaming software company Steamlabs. The Amazon-owned streaming platform has seemingly benefited from the impact of the coronavirus pandemic, mimicking the uptick in the popularity of video games and services like…

Investment in Blockchain in Energy Markets Will Top $35 Billion by 2025

According to a new report released by Premium Market Insights (PMI), global investment in blockchain technology in energy markets is set to reach $34.7 billion by 2025. Valued at just $156.5 million in 2016, the sector is forecast to grow at a rate of 82% a year.  Although $35 billion seems high, it’s dwarfed by the net worth of $1.85 trillion for the energy market as a whole. Key players using blockchain and DLT in the field include Accenture, AWS, Bigchaindb, Deloitte, IBM, Infosys, Microsoft, Nodalblock, Oracle, SAP, Enosi, and…

Warren Buffett Is About to Benefit From a $50 Billion Airlines Bailout

U.S. airlines are in dire straits as a result of the coronavirus global pandemic. Berkshire Hathaway has a significant stake in four major U.S. airlines. A previous bailout earned Warren Buffett $10 billion five years after the fact. The coronavirus global pandemic has heavily impacted the travel industry. U.S. airlines, including those owned by Berkshire Hathaway, have been especially hard hit as a result of passenger numbers plunging. Currently, flight cancellations outnumber bookings. Idle capacity is estimated to be in the range of 70-80%. Delta Air Lines (NYSE:DAL), for instance,…

India’s Dreadful Coronavirus Testing Rate Puts Over a Billion at Risk

Coronavirus testing rates in India are very poor. India’s population density increases the risk of local transmission. Selective testing and reports of patients escaping medical facilities are causes for concern. India is the world’s second-most populous country after China with nearly 1.38 billion people, accounting for 17.7 percent of the global population. That’s the reason why the low number of novel coronavirus cases in India confirmed so far might seem baffling. According to the latest reports, the number of confirmed cases of COVID-19 in India stands at around 130 as…

Ethereum Down 35% as Crypto Market Loses $68.61 Billion in 30 Minutes

Ethereum, the second-largest cryptocurrency by market capitalization, plunged by a massive 35 percent on Thursday, logging its biggest decline in a day since the 2018 ICO bust. The ETH-to-dollar exchange rate fell from $195.64 to $126.28 in 30 minutes, following the leading cryptocurrency Bitcoin’s frenetic sell-off within the same timeframe. The implosive move downhill led Ethereum’s market capitalization to a fresh year-to-date low of circa $14.98 billion. At its highest, it was $27.37 billion. ETH/USD pulls back mildly after crashing 35 percent | Source: TradingView.com Elsewhere in the crypto market,…

Brutal 25% Bitcoin Crash Liquidates $0.5 Billion In BitMEX Longs

When I woke up just minutes ago and saw the price of Bitcoin, I thought someone had pulled a joke on me; never in a hundred years did I think BTC was going to move that fast. For those who have been living under a rock or sleeping as I have, the price of the leading cryptocurrency has fallen under $6,000 for the first time since May of last year, plunging $2,000 in minutes earlier this hour. As a result, per data from Skew.com, $500 million worth of BitMEX longs…

Boeing Uses Blockchain to Track and Sell $1 Billion in Aerospace Parts

Boeing has partnered with multinational aerospace conglomerate Honeywell to use its GoDirect platform to track and sell $1 billion worth of excess airplane parts using blockchain technology. The partnership was revealed at the Hyperledger Global Forum 2020 in Arizona. Lisa Butters, the general manager of Honeywell, stated that the parts were uploaded to the GoDirect Trade marketplace last weekend. Blockchain opens spare aviation parts industry to online trade The aviation industry has traditionally relied on a headache-inducing web of paper certificates pertaining to each individual part, their original manufacturer, and…

Coinbase CEO Explains How Crypto Will Go from 50 Million to 5 Billion Users

Brian Armstrong, the CEO of major cryptocurrency exchange Coinbase, explained what developments he believes will drive the growth of cryptocurrency’s’ user base. In a series of tweets on March 4, Armstrong illustrated how the developments that resulted in the mass adoption of the internet are similar to the work that is currently being done on cryptocurrencies. While he admitted that it is not clear which blockchain “will help get crypto from ~50M users to 5B,” he predicted: “The chain that manages to ship some of these scalability, privacy, decentralized identity,…

Red Swan and Polymath Tokenize $2.2 Billion of High End Real Estate

Texas-based Commercial Real Estate (CRE) marketplace Red Swan has tokenized $2.2 billion worth of real estate assets in partnership with security tokenization firm Polymath. Red Swan said it has 30,000 accredited investors already registered to use its platform, and has plans to tokenize a further $4 billion in property over the longer term. Red Swan will profit by keeping a percentage of the equity sold. The issued tokens represent 16 top-tier properties including mid-rise and high-rise apartments in California, New York, and Texas, and a 150-acre hemp farm in Canada’s…

Institutional Custody Is Key as KPMG Estimates $9.8 Billion in Crypto Stolen Since 2017

Owning cryptocurrency is still considered a risk by institutional investors, according to a March 2 KPMG report shared with Bloomberg. The accounting firm estimated that more than $9.8 billion worth of crypto has been stolen since 2017. The findings revealed that lax security and poorly written code were responsible for most thefts. As institutional investors adopt Bitcoin (BTC) and Ethereum (ETH) to their portfolios, securing the tokens becoming a critical issue, KPMG argues. The need to satisfy this market demand resulted in several companies offering custody services, both from traditional…