Tag: Pandemic

The Pandemic is Prompting Asian Countries to Adopt Blockchain

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The Corona pandemic prompted many Asian countries to adopt blockchain technology to secure their data via the Internet against hackers and cyber thieves, according to a report from the Nikkei Asian Review. This increase in adoption comes as  The Business Research Company said the global blockchain market is expected to hit $15.88 billion in 2023. Tomohiro Maruyama, senior manager of PwC Consulting, told Nikkei that he believes the large-scale digital transformation caused by COVID-19 has led to blockchain’s use to protect against fraud. He called on other companies to adopt…

Blockchain Investments Fell 63% Due to Pandemic

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Professional services firm KPMG has published a report predicting that blockchain will be one of five emerging technology sectors to see increased investment from enterprises over the next 12 months. Titled Enterprise Reboot, the report was compiled by KPMG International and HFS Research. It draws on a survey of 900 executives from organisations on the Forbes’ Global 2000 list of the largest public companies with more than $1 billion in annual revenue. While it found investment in blockchain fell by 63% due to the pandemic, the report predicts that the…

How COVID-19 pandemic created a terrific boom in the blockchain business?

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I hope you are well and safe. Yes, we know 2020 is giving more problems in our daily life and hard times. The world economy has faced many problems during this pandemic. As everyone knows that Covid-19 is a killer virus and that has affected many major countries across the world. People definitely need social distancing to avoid the spread of this killer virus. Due to this COVID-19, the death count is increasing day by day. Also, the infected person count is increasing daily. So in order to avoid this,…

Tracing Fishy Risks With Blockchain Tech Amid the COVID-19 Pandemic

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COVID-19 is the most devastating plague to ravage humankind this century. Every day, the number of patients infected with the coronavirus is rising globally and taking the highest human toll in the United States. The highly infectious virus was first contracted in November 2019 in Wuhan, the capital city of China’s Hubei province, through horseshoe bat-to-human contact at the Huanan seafood market.  Many of the initial COVID-19 patients were either stall owners, market employees or regular visitors of the market, who rapidly developed a severe respiratory illness. Despite the market…

Billionaire Investor Believes Bitcoin Adoption Was Accelerated by The Pandemic

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The co-founder of Gemini Exchange, Tyler Winklevoss, said the ongoing pandemic situation is helping to boost Bitcoin adoption. In a recent tweet, Winklevoss described how the pandemic had uprooted life as we know it, in particular, its effect on the monetary system. This, he believes, is the foundation for more people buying into the Bitcoin narrative. The pandemic has catapulted us into the future. Hastening failure of offline retail, uptake in streaming, social media…also exposing structural problems w/ fiat, ballooning debt-to-GDP ratios, and likelihood of hyperinflation — which means it’s…

How blockchain can help the world better survive the Covid pandemic

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This is one of those dramatic turning points in history. Covid-19 has already changed our daily lives, and its impact on society will be long-lasting. While we won’t fully grasp the magnitude of loss for some time, one thing is clear: traditional systems have failed us. It’s time for a new paradigm, one that draws on technologies like artificial intelligence, the internet of things (IoT), augmented/virtual reality, and above all, blockchain. These are more relevant than ever — not just to business and the economy but to the future of…

Japanese Exchange Holdings of Bitcoin Surged During the Pandemic

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The Japan Virtual and Crypto Assets Exchange Association (JVCEA) — a self-regulatory organization for the crypto industry in Japan — recently published a report on Japanese holdings of major cryptocurrencies in March.  169,376 BTC was held on Japanese exchanges, up more than 11% from the previous month. XRP was up 6.4% to 3.2 billion XRP. Ether was up more than 5.7% to 1.14 million ETH.  Moreover, the number of Bitcoin Cash (BCH), Monacoin (MONA), Litecoin (LTC), and NEM (XEM) also increased slightly in March.  The volume of Bitcoin spot trading was 617.3…

Record Revenue for Blockchain Gaming Company During Pandemic

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Animoca Brands, the firm behind blockchain-powered games The Sandbox, F1 Delta Time, and Crazy Defense Heroes, has reported unaudited revenue for the first four months of 2020 of $7.34 million amid the COVID-19 pandemic. The first quarter was Animoca Brands’ strongest on record with $4.33 million in revenue, followed by a record month with $3 million during April.  Animoca Brands held $6.08 million in fiat and crypto assets at the end of April. Roughly $770,000 of the company’s holdings comprised Bitcoin (BTC) and Ether (ETH), alongside $1.12 million in various…

The Global COVID-19 Pandemic Gave People the Mandate of Independent Money

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The COVID-19 pandemic forced the world to hit the brakes on economic activity, and in response, the United States Federal Reserve has introduced trillions of U.S. dollars to pay for the stimulus packages it’s giving away. Naturally, many people have jumped to inflation as the forgone conclusion. Proponents of Bitcoin (BTC) are excited about the prospect of inflation because the cryptocurrency has been billed as a check against central bank expansion, and such a period of inflation would demonstrate Bitcoin’s value in this regard. But inflation is not a foregone…

Bitcoin Exchanges Witnessing Huge Growth Amidst Pandemic and Global Turmoil, Data Suggests

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Using cryptocurrencies as a preferred method to “hedge” against real-world risks seems to be a valid play. Data, collated from various bitcoin exchanges, is now pointing towards a huge surge of users, even as retail activity on traditional markets continues to decline.  COVID Pushes Bitcoin Adoption As per publicly available data on crypto exchanges, investors and traders are rushing into Bitcoin. Further, Binance and retail-focused eToro shared new insights with Decrypt, related to crypto trading activity from new users.  eToro’s Guy Hirst notes there’s a 300-400 percent increase in trading…