Amazon Developing New Game Streaming Service to Compete with Microsoft and Google

Not to be outdone by its FAANG and other technology rivals, it appears Amazon has been secretly developing a game streaming service. It looks set to compete with Microsoft and Google with instant video games housed on powerful servers.

Cloud-based gaming, which will negate the need for downloads or game cards, could be one of the next major advances for the gaming industry.

Google and Microsoft Already in the Game

Google’s Project Steam cloud gaming service is currently in beta testing with no news of a full, official launch. For Google, it will be as easy as opening a Chrome tab to play your favorite game.

Microsoft unveiled its Project xCloud in October 2018. It will be available for public testing sometime in 2019 and run on console and PC.

Amazon is reportedly already in talks with publishers but won’t be launching its own service until 2020. The news comes from sources simply named as “two briefed on the plans” who revealed the development to The Information.

There has been no formal announcement from Amazon, as yet. Other reports found that Amazon is hiring engineers in Seattle and California to work on “cloud games.” With one job description revealing the opportunity involves shaping the foundation of an “unannounced AAA games business.”

An Industry Worth $20.28 Billion

Amazon already has a powerful cloud server infrastructure in Amazon Web Services.  So, an Amazon game streaming service makes a sensible addition to its wide-reaching technology portfolio. It also owns the video streaming platform Twitch, massively popular with gamers.

Of course, Amazon’s Twitch already competes with Google’s YouTube and now the rivalry between the leading technology players could well be hotting up. By 2020 the videogame industry in the U.S. will be worth an estimated $20.28 billion.

With today’s trading closed on the Nasdaq, it’s a wait and see if Amazon’s share price will be affected positively by the news.

FAANG and Microsoft Share Performance (Facebook: Blue, Amazon: Red, Apple: Orange, Netflix: Yellow, Google: Green, Microsoft: Bright Green) Last Six Months. Source: TradingView

After a poor and volatile last quarter 2018 for technology stocks there appears to be some breakouts in the FAANG and Microsoft share price and company value battle. Apple stock plummeted over sales forecast revisions and then it revealed production cuts. However, Apple’s share price has begun to recover. Netflix has had a 2019-long winning streak so far.

We might not hear from Amazon’s Jeff Bezos on the development just yet. The Bezos divorce hit the press this week and could result in the world’s largest divorce settlement yet.

Author: Melanie Kramer
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Amazon’s AWS launches A Managed Blockchain Service

Amazon, the leading tech giant is again expanding its service offering. In its latest offering, the company is seeking to take advantage of the blockchain craze and launching a corporate blockchain service.

Dubbed ‘Amazon Managed Blockchain’, the service is designed to make it easy for corporate clients to create and manage scalable blockchain networks.

Announced yesterday, during Amazon’s annual re:Invent conference, the Amazon Managed Blockchain will allow users to build custom blockchain networks based on either Hyperledger Fabric or Ethereum [ETH]. However, at the time of the announcement, the Ethereum option is unsupported, the company expects to support Ethereum in a few months.

In yesterday’s conference, one other product was announced that could be used in conjunction with the managed blockchain service, the Amazon Quantum Ledger Database (QLDB). Not a blockchain service per se, the QLDB is a database that could be used by clients building blockchains to store their data with AWS. According to the company,

“Managed Blockchain can replicate an immutable copy of your blockchain network activity into Amazon Quantum Ledger Database (QLDB), a fully managed ledger database. This allows you to easily analyze the network activity outside the network and gain insights into trends.”

the Amazon Quantum Ledger Database

It is close to a year now that the CEO of Amazon Web Services, Andy Jassy said that he is not interested in blockchain services. Launching the Amazon Managed Blockchain is a complete turnaround for the company. According to the CEO,

“this service is going to make it much easier for you to use the two most popular blockchain frameworks” referencing both Ethereum and Hyperledger Fabric frameworks.

AWS also promised that the new service will be able to scale to thousands of applications while also supporting millions of transactions simultaneously. The service is, however, not yet launched as it is available for preview allowing interested parties to sign up for beta testing. Once a sign up has been approved, the user can then be able to create a custom blockchain on a template, invite AWS members or create fictional members to test the interface by simulation.

Author: Crypto Economy
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What the Dot Com Bubble teaches us About Cryptocurrencies

Remember the dot com bubble? If no, we’ll break it down for you. Well, it was a popular era where a  .com attached to a company’s name would guarantee a price hike. You may now be wondering, “What happened to the bubble?” Well, your guess is as good as ours. Of course, it has burst! This led to the eventual separation of the wheat from the chaff. Consequently, other key growth fundamentals began to matter, ensuring that businesses didn’t ride on the popularity of the domain name to succeed. However, the prices were at an all-time low. In precise terms, some companies lost up to 95%.

Is the cryptocurrency industry a bubble like dot com?

Despite the fact that many dot com companies were collapsing, some of them still experienced substantial success. However, it is noteworthy that the companies that excelled were those that had sound business models and real use cases.

When it comes to the cryptocurrency industry, we have seen many skeptics compare the burgeoning crypto industry to a bubble. Is it fair to tar the crypto industry with the same brush? In truth, those who do that have their reasons for doing so. This is particularly true since the crypto ICO boom hit its peak in 2018.

Additionally, many companies are launching cryptocurrency products and services. Therefore, the frenzy is high. To be clear, if we continue to use the dot com era as an analogy, it wouldn’t be a bad idea.

Correlating the bubble with crypto verse

One of the proponents of the concept is Fred Wilson, a venture capitalist in Silicon Valley. In an explanation in a blog post, Wilson compared the current cryptocurrency market to the low point of retail giant Amazon. In fact, the venture capitalist made an interesting comparison.

He explains that even though the current prices of cryptocurrencies have dipped by 80-95%, it could get worse. In comparison with Amazon’s performance, it was down by 80% in the post-bubble bear market. And it got a lot worse. However, the retail giant recovered almost two years later and reached its peak. Sounding like a typical prophet of doom, Wilson noted that the cryptocurrency prices will continue to fall.

How Amazon bounced back

A sneak peek into Amazon’s current performance shows that it has an MCAP of $734.46B USD with its per unit share trading at $1,500 USD. This is is a far cry from its performance in early 2000, when the same share was worth $6 USD per share prior to the dot com bubble. Interestingly, in 1999 Amazon shares sold at $190 USD . But today it has multiplied by significantly.

In conclusion, if this analogy holds, then Wilson is right and his analysis will propel the market into something big.

Author: Ian Cooper
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Amazon Partners With Apple to Directly Sell iPhone, iPad, Apple Watch

Amazon is signing a deal with Apple to expand its collection of Cupertino’s hardware. The company currently sells devices like the iPhone from third-party sellers, in varying prices and conditions. The new deal hopes to improve the quality of the products sold on Amazon at standard pricing.

As part of the new partnership, Amazon will sell Apple’s new iPhone devices like the new iPhone Xs and iPhone Xr, as well as the new iPad Pro and Apple Watch Series 4. The company is additionally going to sell products from Apple-owned Beats. The new products will be available on Amazon in the US, UK, France, Germany, Italy, Spain, Japan and India over the coming weeks.

Apple’s HomePod smart speaker, which directly competes with Amazon’s Echo products, won’t be sold on Amazon for bvious reasons. The company also doesn’t sell Google’s Home devices.

The new partnership means Amazon’s independent sellers will no longer be able to sell iPhones and other Apple products directly on Amazon. Instead, they will have to get verified as Apple-approved resellers to be able to sell Apple products on Amazon, reports CNET. This will ensure customers get a certain level of quality and don’t have to worry about the quality or legitimacy of the products purchased.

The deal is a big win for Amazon, further expanding the company’s product range just in time for the holidays. With Amazon offering free delivery on all orders for the holidays in the United States, the timing here is perfect.

Author: Mehedi Hassan
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The Ripple Effect: Developers Bring XRP to Amazon Alexa

The avid XRP developer Wietse Wind is lending his support to a new project to bring XRP to Amazon Alexa.

The third-party feature is designed to let users check their balances, and send and receive XRP by saying a few simple commands. The project essentially brings the XRP Tip Bot to Alexa. The popular bot is already up and running on the web, allowing anyone to send XRP to people on Reddit, Twitter and Discord.

The project is led by the independent programmer Nixer. Once it’s finished, it will be submitted to the Alexa skills store for approval.

Wietse Wind, the creator of the XRP Tip Bot, recently hinted that new features like this are on the horizon. He’s now actively working to make it easy for developers to integrate with the tipping platform, opening the door for a variety of apps that allow users to transfer value by using XRP.

You can check out a recent interview with the leading XRP developer here.

Author: Daily Hodl Staff

Amazon Just Launched A Microwave With Alexa

It was reported recently that Amazon is looking to bring its Alexa voice assistant to a wide variety of products including but not limited to microwaves. The report suggested that we might see some of those products by the end of this year but the company has surprised everyone by launching at least a few of those products today. Amazon has just announced a microwave that comes with its Alexa digital assistant. It’s called the AmazonBasics Microwave.

Amazon says that the team picked up the most popular appliance out there and added Alexa to enable customers to use the full range of features offered by this appliance. It gave the example of defrosting peas and that many don’t even know that they can do this with in a microwave.

The AmazonBasics Microwave comes with Alexa which eliminates the need to fiddle to complicated or difficult to understand buttons and dials. The microwave actually has a built-in Ask Alexa button. It supports dozens of quick-cook voice presents so users will be able to access the full range of features and even cook just by asking Alexa.
They just have to press the Alexa button and give a cooking command like “two minutes and 30 seconds on medium” to start cooking. It’s also integrated with Amazon’s Dash Replenishment service so that items that users are running low on can automatically be ordered.

Amazon has announced that the AmazonBasics Microwave is going to start shipping later this year. It will cost $59.99.

Author: Adnan Farooqui 
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Bitrefill adds Amazon voucher purchase on their portfolio

The company who pioneers prepaid mobile phones top up in over 160 countries using cryptocurrencies, Bitrefill has brought Amazon into their portfolio, by enabling Amazon voucher purchase using Bitcoin and other cryptocurrencies.

Bitrefill, the company who pioneers prepaid mobile phones top up in over 160 countries using cryptocurrencies, just announced their newest service in a blog post. The company now offers their users the availability to purchase Amazon vouchers using Bitcoin and other supported cryptocurrencies on their platform.

According to their announcement, Bitrefill’s users have been asking for more vouchers to be added on the platform, with Amazon’s became the most requested. With the service now being added, users can purchase Amazon’s vouchers using Bitcoin or several other cryptocurrencies, such as LTC, ETH, DOGE, and DASH in a pretty straightforward process.

As one of the early adopters of the Lightning Network payment protocol, the company offers the second layer protocol as one of the payment options on their platform. And despite the technical problems the new payment protocol have, Bitrefill’s CEO, Sergej Kotliar, is still very hopeful and believes in its future.

As he said in an interview with Bitcoinist, “Lightning will be a way of future-proofing Bitcoin, to know that we will be able to do fast and cheap transactions for a long time forwards.”

Aside from Amazon, Bitrefill just added Uber and vouchers to their platform earlier last month.

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Author: Fifi Arisandi
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Buying Tron and XRP now is like Buying Apple and Amazon Back in the 90s

We are on the cusp of something monumental in the crypto-verse. Institutional investors are knocking at the door of the crypto-markets that have for the last 6 months caused considerable heartache to die-hard crypto fans. But the HODLers know that the current bear market is only temporary for Bitcoin (BTC) is about to embark on a Bull runthat will pull upthe rest of the crypto markets includingour favorite coins Tron (TRX) and XRP (XRP).

Evidence of the institutional investors can be found with the BlackRock firm openly showing its interest in blockchain technology as well as cryptocurrencies. There is also the Swiss-based SIX exchangethat plans on launching a fully integrated crypto exchange. Coinbasehas also been given the green-light to list crypto tokens from ICOs on its platform. This means it is all systems go for the highly anticipated rush by institutional investors to buy digital assets in the crypto-markets.

Both stocks of Amazon (AMZN) and Apple (AAPL) were very cheap back in the 90s. Looking at the price of Apple stock (AAPL) at the end of 1998, it was only valued at around $1. The same stock is now valued at $190 twenty years later. This is a percentage increase of 18,900%. Looking at the price of Amazon (AMZN) stock in 1998, it was valued at an average of $20. The same stock is now valued at $1,846. This is a percentage increase of 9,130% in 20 years.

The cheapness in 1998 of these two traditional stocks can be compared to the current low value of TRX ($0.037) and XRP ($0.47). It will not take 20 years for these digital assetsto show gains similar to those of AAPL and AMZN. No. The crypto-markets function at a faster speed than the traditional markets. One year in the crypto markets can yield wonderful gains of up to 10,000%.

Using the above value, in a year’s time, TRX and XRPcould be worth $3.70 and $47 respectively. These prices are still below the current price predictionsevery crypto-trader has been mentioning with the news of institutional investors getting ready to get into crypto investing.

Summing it all up, it is said that the early adopters of any technology or investment instrument are initially thought of being insane. But once the gains start trickling in, they are usually referred to as financial gurus when in actual fact, what they did was to follow their gut. There is nothing wrong with following your gut. That gut will earn you a handsome return in the near future.

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Author: MaxPositives
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Why Amazon Might Choose to Adopt Litecoin (LTC)

Cryptocurrencies have started infiltrating more and more businesses, and it would be pretty hard to find a branch of business that has shown no interest in this technology.

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Ripple (XRP) is the perfect example of this, considering that some of the largest banks and financial institutions in the world have adopted it already. However, Litecoin (LTC) might make its own big progress soon.

Will Litecoin (LTC) be adopted by Amazon?

Being adopted by a company as large as Amazon is every crypto’s dream. However, Litecoin might be the top choice for this firm, if it decides to go for cryptocurrencies.

Litecoin’s community is especially enthusiastic about this e-commerce platform, and the majority of them has already requested multiple times that the coin is added on Amazon.

The interesting thing is that Litecoin’s nature and technology actually make it the perfect choice, which means that the adoption might actually come to pass when Amazon decides that it is ready to go crypto.

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What makes Litecoin (LTC) the best choice for Amazon?

One of the reasons why Amazon might choose LTC is that Litecoin’s most important features are exactly what Amazon is looking for. Amazon deals with millions of customers, and it needs its payments to be fast, cheap, and as secure as possible. These are the exact aspects that LTC is best known for. Not only that, but it is actually far more advanced than the payment system that Amazon is currently using.

When it comes to speed, Litecoin is one of the fastest cryptos around. Apart from that, it allows payments via any currency, since they can all be converted to LTC coins. This makes it extremely practical, and perfect for Amazon and its customers.

Additionally, Litecoin is also among the cryptos with the biggest level of security. This would also make it very attractive to Amazon, which has millions upon millions of customers, all requiring a secure way to make payments. Amazon currently uses Visa since its security is one of the best, but even Visa recently had a major incident when it went blank in Europe. This means that the system, no matter how advanced it is, still has a lot of flaws. Litecoin, on the other hand, is blockchain-based. That means that all of the transactions are transparent, and are safely recorded on the blockchain itself.

If we add the extremely low fees to the equation, it is clear that Litecoin is a perfect choice for Amazon. As an example, a fee for a transaction involving $99 million would only be $0.44. This makes fees basically non-existent.

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Author Ali Raza 
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Amazon will adopt Ripple (XRP) this year. Here are three reasons why


Ripple’s XRP has been making noise lately. Ripple’s technology (not the currency in all cases) has been adopted by seventy-five of the world’s largest banks, remittance services, and other financial institutions.

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So many giants are already using Ripple that it only makes sense that Amazon, which is not particularly small, could choose it as well. Here are three reasons why Ripple and Amazon are a good match, and why the e-commerce giant, Amazon will adopt Ripple (XRP) in 2018.

Swift, cheap transactions
Fluctuations in cryptocurrencies have created fortunes for some investors (think, but that’s utterly beside the point for Amazon. The one thing it will ask from a digital coin as an essential for adopting it will be stability. This was exactly the reason why Steam (a giant in the gaming world) stopped accepting Bitcoin despite the fact that BTC was doing just fine, reaching its historic peak value at the time.

Amazon is not going to try and become a cryptocurrencies average amateur (even professional), investor. The change it will take for it to accept any alt-coin would be momentous, it would have to go against inertia. That requires solidity.

High fees and volatility were the factors that made Steam quit Bitcoin. It doesn’t mean Steam didn’t make a lot of money in the meantime but the incredibly low speed and high fees that still characterize Bitcoin unsettles companies. And we can’t blame them.

Ripple improves Bitcoin’s services dramatically. Transactions take ten seconds at the most (usually faster, but still, remember that Bitcoin takes at least 10 minutes on average) and the usual fee is .00001 XRP.

Even if XRP could reach $10 per token (which is quite far away yet) each transaction would be a cent of a penny. These features make Ripple a cryptocurrency that can finally deliver on Bitcoin’s promises at a practical level.

The rise in supply lowers volatility
Ripple has another advantage: its volatility is lower, this has to do with its large supply.
One of Bitcoin’s main features is that mining will stop at twenty-one million. This makes each Bitcoin a scarce resource, a special thing to own. Ripple’s supply will be much higher and it’s all been already mined. There are a hundred billion XRP tokens in the world and fifty-five of those are held in escrow by Ripple Labs.

That’s a lot more coins that Bitcoin by almost five thousand times. This abundant amount of tokens means that the currency doesn’t need to reach a high price and it improves its overall stability. XRP will continue to rise, along with the other cryptocurrencies, during this year as more investors and the general public keep increasing the demand.

But sooner or later each coin will find its right value according to the market’s equilibrium and, when the dust settles, the large number of XRP coins available will render it remarkably stable. It’s all about inertia. A hundred billion units are a lot harder to affect than twenty-one million.

And that’s what Amazon needs. Just imagine the anarchy that would come over Amazon if the coin they chose has a wild fluctuation, even if for one single day. That could mean from the time you add an item to your cart to the time in which you check-out the price changed, maybe even drastically.

That confuses customers and impairs Amazon’s ability to match prices. Since Amazon doesn’t have a say in market behavior they will never go for a crypto that could perform like that, not even for a few hours.

Now, Ripple does fluctuate as well but, the huge amount of currency that will end up being in circulation will dampen the fluctuations enough to make XRP usable in the real world.
Ripple has grown up to seventy-five cents so far (dropped to $0.61 just within last 24 hours as the whole market went into the red). It’s been slow but steady.

That is a far cry from the dramatic rushes we’ve seen in most other coins. Once Ripple is available through Coinbaise and most other big exchanges, it will be just as stable as any fiat currency.

Lower prices per coin don’t scare people off
There is no doubt at all that Bitcoin is valuable. At the time of this writing, it’s at $7,600 (it was above $8,000 just a couple of days ago). The thing is, isn’t it just daunting to see the price? You think you’ll ever be able to afford even one Bitcoin? It would be good, because chances are it will keep rising (John McAfee predicts it will be at a million dollars in the next two to three years) and you could, in time, retire by selling a single Bitcoin in the fullness of time.

The problem is that the price is, indeed, scary. And this is where Ripple has another advantage: the high token supply will keep prices manageable which, in turn, will make it lot more friendly to costumers.

And Amazon is all about the customer, whatever coin it chooses must bring more people in instead of scaring them away. This is just as essential as stability and short transaction times. And Ripple can deliver on this as well.

If you are an economist, a crypto-enthusiast, or a physicist, it makes no difference to you if something costs 0.0005 BTC or 50,000 Satoshis, or 5 XRP.

But if you are a normal person (as most people continue to be in the world), you’re going to have a very hard time understanding the BTC or the Satoshi price while the XRP one is manageable and close to your everyday experience. And that’s what Amazon needs as well.
Moreover, just last weekend, a video was spotted where one of the Ripple Labs’ team member pinpointed some of the issues that Amazon faces right now in regards to the cross-border payments.

The video mainly demonstrated payments between the merchants on e-commernce giant, Amazon. Now, that video is somewhat a hint towards Ripple giving a helping hand to Amazon for the cross-border payments. There’s a ‘strong’ possibility, for sure.

Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Author: Maxpositives
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