• Blockchain lost $2.8 billion
    Technology

    Between crypto winter and COVID, blockchain market has lost $2.8 billion since 2018: report

    ABI Research predicts the market will make up the revenue by 2023, due in part to the holes revealed in existing supply chain and logistics management by the pandemic

    In a Nov. 4 release, tech market advisory firm ABI Research said it believes that the knock-on effect of the cryptocurrency market’s 2018 downturn—which wiped out 80% of the total cryptocurrency market cap—had far-reaching consequences for the blockchain space.

  • Coronavirus shows blockchain is needed
    Technology

    WEF: Coronavirus proves blockchain is needed

    Blockchain solves ‘a key technology problem’ in making supply chains more visible and resilient

    The disruption of supply chains worldwide by coronavirus shows blockchain is needed as a tool of trade, according to the World Economic Forum.

  • Welcome to fear itself FDR
    Cryptocurrencies

    Welcome to fear itself

    Quantum Economics’ Mati Greenspan says it’s too early to tell what impact coronavirus will have on cryptocurrencies like Bitcoin

    “In order to stem the spread of the coronavirus, people are taking drastic measures which are having huge implications for the global economy,” Mati Greenspan, founder of Quantum Economics, told Modern Consensus. “The global economy basically went from booming in February to grinding to a virtual halt in March. Bitcoin isn't immune to that.”