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Amazon Eyes Ethereum (ETH), Partners With ConsenSys To Simplify Blockchain Access

The Consensus Summit is ongoing and continually bringing news of blockchain developments by the minute. Current news indicate that the cloud computing arm of famous online retailer, Amazon, is partnering with Ethereum Design Studio Consensys,in a bid to assist in the deployment of blockchains for business entrerprises and make them faster and easier to create and deploy.

The Cloud computing arm of Amazon.com is known as Amazon Web Services (AWS) and provides on-demand cloud computing platforms to individuals, companies and governments on a paid subscription basis. Subscribers are then able to access the real computer hardware available through the service. This includes CPUs, GPUs, RAM, Hard Disc storage amongst other hardware services. There is also the option of operating systems, networking and pre-loaded software such as web servers, databases and CRM.

This partnership with ConsenSys aims at bringing blockchain technologies to the same clients, at an easier and faster pace than the usual ICO option.

ConsenSys is an Ethereum based project and infrastructure that furthers the cause of a decentralized world on the blockchain.

Amazon has been eyeing Ethereum for quite sometime now and Matt Yanchyshyn, the global technical lead for AWS’s partner program, told Coindesk the following:

We have been following ethereum closely as it’s what many of our customers have been exploring, especially for enterprise use cases.

With AWS being protocol agnostic, it can support other platforms such as Hyperledger’s Sawtooth and R3’s Corda Platforms. AWS had also released a new service back in April, that launches out-of-the-box blockchain networks for the Ethereum and Hyperledger Fabric protocols.

With the ConsenSys partnership, the two entities will focus on a new start-up that was launched today called Kaleido which is an incubator product of ConsenSys. This will accelerate the adoption of blockchain technology by businesses to a level where the business owners do not need PhDs in cryptography or learn complex coding skills to run the technology running their businesses. Customers will not need to worry about managing the blockchains themselves. It will be part of the service provided by AWS and ConsenSys.

Amazon.com joins a growing list of high profile firms showing their interest in blockchain technology. Just today, DNV GL bought a stake at popular blockchain project, VeChain (VEN). The goal of the partnership is to develop new digital assurance solutions on the blockchain.

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Amazon Partnership Speculation High For Ripple (XRP) As Markets Go Crazy

The internet is abuzz on the green candles being observed by traders over the past few hours. Bitcoin (BTC) is up 13% and is currently trading at %7,759. Ethereum (ETH) is also exhibiting some action and has risen 11.65% to trade at $463. Looking at Litecoin (LTC) it has been dethroned from the number 5 spot by EOS (EOS) which has been doing tremendously well with 31% gains in 24 hours and currently trading at $8.79. Litecoin (LTC) is trading at $122 and Ripple (XRP) has done 11% gains to trade at $0.55 at the moment of writing this.

Perhaps all these gains are what Abra CEO, Bill Barhydt, was talking about when he said All Hell Will Break Loose as soon as the big time investors start investing in cryptocurrencies. One such big time investor that has been on the mouths of many Ripple traders is Amazon.com and whether there is a partnership in the offing for the Crypto-verse between the two projects.

Speculation of an Amazon partnership were first seen in the Crypto-verse late last year. The idea behind the speculation hinged on the reliability of XRP during transactions. The coin is known for 3.3 second transaction speeds and $0.0004 charges per transactions. All qualities a giant online retailer  and wholesaler like Amazon would like to have as part of its online payment settlement options moving into the future.

The same speculation was seen earlier on in March this year. This time round, XRP blockchain solutions were suggested as being ideal for Amazon’s fleet management system on top of the revolutionary payment solutions. Of noteworthy mentioning, is the new Kentucky Airport hub Amazon is building for its global business. Such a hub needs fast and reliable blockchain software solutions.

The Amazon partnership speculation was also mentioned in the youtube video by Chronic Crypto that had predicted that XRP will jump to $24.48 by the end of the year, and after the current market crash or dip is over.

After the last few hours, one can easily assume that the crash is finally over and All Hell Is Breaking Loose in the Crypto-verse. It looks like the time is now for a Moon Landing for all coins including our beloved XRP.

[Photo source, elevenews.com]

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$1, $10 and $24.48 per Ripple (XRP) Price Predictions

The market has sort of stabilized at the current total market cap of $266.4 Billion. The recent lows of $246 Billion that were witnessed around April 6th, have seemed to fade away gradually. But we are not out of the woods yet. Bitcoin (BTC) is still under $7,000; Ethereum (ETH) still under $400; Litecoin (LTC) still having difficulty breaking $120; and Ripple (XRP) has gone below $0.50.

The one possible chance of a rebound, is the prediction by Thomas Lee, that the markets will most likely recover after the American Tax season is over on April 15th this year. His estimate is that by April 17th, we shall see some upward movement of the prominent Bitcoin. What we all know and observed with time and experience, is that once Bitcoin (BTC) goes up, the rest of the market follows suit.

Perhaps that is why the $1 per Ripple (XRP) is the latest prediction to hit the Crypto-verse. This is despite the debate going on about whether Ripple is a security or a Cryptocurrency. From being an actual trader, I would like to defend that it is a cryptocurrency. It is also 100% decentralized. The only thing that might look centralized, is the lockup of 55 Billion XRP in Escrow last year to ensure certainty of supply.

Going back to Thomas Lee and his prediction of a BTC at $25,000 by the end of the year, it is possible that $10 per XRP is within grasp as the market recovers from the current uncertainty, and by the end of the year.

Also to add, is the $24.48 Bullish prediction of XRP after the current crash of Bitcoin that started in January and yet to fully bottom out. This price prediction is based on the ever increasing XRP partnerships. These partnerships include: Santander, Moneygram, Western Union, Global Central banks, LianLian International, RBC Bank and more.

Another thing to note with this prediction is that it states XRP has been undervalued since inception. There is also the speculation of XRP being backed by Google. There is also the speculation of XRP partnering with Amazon and Uber sometime this year.

Moving forward, there are only 2 things an XRP trader can do. He or she might HODL or keep stocking up on XRP anticipating the above events.

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Amazon Subsidiary Registers Cryptocurrency and Ethereum Web Domains

E-commerce giant Amazon has registered three cryptocurrency-related web domains, online records show.

According to information from Whois Lookup, three domains – “amazonethereum.com,” “amazoncryptocurrency.com” and “amazoncryptocurrencies.com” – were registered on Oct. 31. The domains are linked to Amazon Technologies, Inc., a subsidiary of Amazon.com, Inc. that has been attributed to past patent filings from the e-commerce company.

Phone numbers listed on the registration documents connect to Amazon’s legal department, though a representative of that office could not be reached by press time. The registrations were first reported by industry news site DomainNameWire.

At this time, it’s not entirely clear what purpose the domain names will serve.

As posited by DomainNameWire, Amazon may be simply moving to safeguard its brand. Back in 2013, Amazon secured “amazonbitcoin.com,” which currently redirects to Amazon’s main page – an arrangement that further suggests the protective intent of the registration.

Alternatively, Amazon could be seeking to avoid confusion between cryptocurrencies and Amazon Coin, a virtual currency product introduced in 2013 that serves as an online payment method for customers.

Representatives for Amazon did not immediately respond to a request for comment.

Image Credit: Hadrian / Shutterstock.com

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