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Amazon sold 30-cent gas to promote 'Marvelous Mrs. Maisel' but ended up creating a massive traffic jam (AMZN)

An Amazon promotion for "Marvelous Mrs. Maisel" created a traffic jam in Los Angeles.  The company held a #MaiselDay to promote the show, with vintage pricing around town.  Other deals included $2 manicures, $3 haircuts, 75-cent shoe shines, and $40 hotel rooms. Visit Business Insider's homepage for more stories. #MaiselDay is underway in Los Angeles as Amazon promotes the second season of its show "Marvelous Mrs. Maisel," but the deals were so popular that police had to temporarily suspend at least one of them. Lines for 30-cent gas — its price when the show is set — at a Chevron in Santa Monica caused such a traffic headache that police had to temporarily shut down the promotion, according to local news reports and The Verge. Santa Monica Police suspend an Amazon Prime promotion offering gas for 30 cents a gallon. Traffic issues are the big concern. Details coming up at 11am on ABC7. #maiselday — John Gregory (@abc7johngregory) August 15, 2019 When things calmed down, police counted cars to make sure there weren't any more out-of-control lines, an Amazon representative told the Los Angeles Times. LA #MaiselDay participants: Entrance to the gas station is North on Cloverfield to east on Michigan Avenue. Cue line is on 24th. We cannot impede traffic on Cloverfield. Thank you! — The Marvelous Mrs. Maisel (@MaiselTV) August 15, 2019 "Is it really 30 cents?" someone can be heard shouting in the video shared by reporter John Gregory of KABC. As of 1 p.m. local time, Google Maps still showed heavy traffic on the streets near the station.  While this is cool in theory, some of these promotions are jamming up the freeway traffic 🤬🤬🤬 — Amy Hermes (@amyhermes) August 15, 2019 Other deals around town include $2 manicures, $3 haircuts, 75 cent shoe shines, and $40 hotel rooms. #MaiselDay #ilovela #pamelafinckrealestate Thank you #AmazonPrime for this amazing promotion. Filled up my tank and am ready to drove over the hill to see my client later today! 🌸💖🌸💖 — pfinck (@pfinck) August 15, 2019 When no promotions are involved, California averages $3.58 per gallon for gas, much higher than the national average, according to data from GasBuddy.SEE ALSO: 10 of Midge's best outfits in 'The Marvelous Mrs. Maisel' Join the conversation about this story » NOW WATCH: All the ways Amazon is taking over your house
Business Insider

An OX3 TV Docuseries NEXT: Blockchain is now on Amazon Prime VideoAn OX3 TV Docuseries NEXT: Blockchain is now on Amazon Prime Video

New York, NY, August 13, 2019- NEXT:Blockchain, the documentary by OX3 TV Production on the controversial blockchain technology, recently launched its full season on Amazon Prime Video in August. Its executive producer Bianca Chen, a veteran financial journalist, also announced OX3’s partnership with UNICEF Innovation at the celebration party co-host with Coinfund.  It took OX3 […] The post An OX3 TV Docuseries NEXT: Blockchain is now on Amazon Prime Video appeared first on CCN Markets New York, NY, August 13, 2019- NEXT:Blockchain, the documentary by OX3 TV Production on the controversial blockchain technology, recently launched its full season on Amazon Prime Video in August. Its executive producer Bianca Chen, a veteran financial journalist, also announced OX3’s partnership wit

Amazon Managed Blockchain Integrates Web Services CloudFormation

Coinspeaker Amazon Managed Blockchain Integrates Web Services CloudFormationGlobal e-commerce giant firm, Amazon, has just announced that its Amazon Web Services (AWS) CloudFormation will be incorporated with the firm’s Managed Blockchain. AWS, the firm’s cloud computing division, will now support Amazon’s blockchain in the management and structuring of all its interconnected networks and member nodes.The announcement explains that Managed Blockchain functions as a service that creates and simplifies blockchain networks, also with the option of scaling to size, across several Amazon Web Services accounts. For CloudFormation, this service allows anyone to shape required cloud resources, making them as secure, dependable and consistent as possible.The integration of both services will allow easy creation of new blockchain networks, going further to specifically shape all network structures. It also lets members become a part of an already created network, setting specific details like voting policies. This flexibility can also be enjoyed as an easy creation and organization of peer nodes for members of a network is also possible. With CloudFormation, effectiveness and efficiency levels are significantly increased.The company states:“Using CloudFormation helps to standardize and simplify the provisioning of infrastructure resources in your cloud environment across multiple AWS accounts and regions with just a few clicks. CloudFormation increases efficiency, reduces the potential for manual error, ensures consistent configurations over time, enables configuration compliance, and simplifies troubleshooting.”Amazon Managed BlockchainBack in November 2018, Amazon announced the Amazon Managed Blockchain platform, calling it “a fully managed service that makes it easy to create and manage scalable blockchain networks.” The blockchain allows its users to build their own blockchain platforms using Hyperledger Fabric and Ethereum. The announcement at the time also revealed that the new platform almost completely eliminates the normally expected process of network creation, and further improves scaling.It is said that “Amazon Managed Blockchain eliminates the overhead required to create the network, and automatically scales to meet the demands of thousands of applications running millions of transactions.”Amazon also further added to the blockchain’s function, including its ability to carry out network analysis more effectively through its database.“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 analyse the network activity outside the network and gain insights into trends,” explains the company.Amazon Blockchain AdvertisingA few days ago, Amazon published a vacancy, suggesting that it had its eyes on using blockchain technology for advertising. The job titled “Software Development Engineer – Advertising Blockchain” was published on LinkedIn, seeking a “Sr Software Engineer to work within our Advertising FinTech team focused on a Blockchain ledger, billing and reconciliation systems to provide data transparency on transnational financial data.”Even though there is no further information about the role or what Amazon’s specific plans for blockchain advertising are, this could mean that in the future, Amazon could consider blockchain applications for all or at least most of its businesses.Amazon Managed Blockchain Integrates Web Services CloudFormation

Amazon’s Successfully Integrates AWS Cloud Support for its Managed Blockchain Platform

As per a statement issued by retail giant Amazon earlier today, AWS (Amazon Web Services) has been successful in integrating a cloud storage module with its existing blockchain platform. For those of our readers who may not be aware, the multinational will be making use of CloudFormation to support its blockchain management system. It is […]
Bitcoin Exchange Guide

Innovations in eCommerce: Particl Launching an Unhackable Marketplace and competes with Amazon

Particl is launching its marketplace at 8 am EST on Monday, August 12, 2019. It is an entirely decentralized ecosystem built around a native privacy coin, PART. Particl wants to fix the biggest issues still plaguing crypto: the inability to effectively spend cryptocurrencies without friction and with the full guaranty of privacy. Particl network enables users to buy and sell goods without submitting any personal information to the marketplace operator. This makes the system fully private because the only required data is the shipping address. Particl cannot lose your secrets if you never have to tell your secrets to Particl. Because there is no central entity owning or controlling the Particl protocol, there are no commissions applied on top of sales. This is radically different from existing markets like Amazon where fees for sellers can be as high as 45% of the cost of items. This allows vendors to dramatically increase their revenue, thus opening up the opportunity to reduce their listing prices to beat their competition, increasing their sales volume, while still making more profit for sale. The absence of any third-party from the platform, combined with the various privacy protocols put in place, ensures that absolutely no data or personal information can be collected by any party. Amazon has had hacking incidents, and these privacy breaches have harmed buyers and sellers. Lack of privacy enables copycats to rip off the innovations and advantages of top sellers. Copycat sellers erode margins and discourage innovators. Particl is a next-generation decentralized marketplace that goes beyond the pioneering work done by OpenBazaar. Indeed, unlike OpenBazaar, every single aspect of Particl’s marketplace is built with user privacy and data protection in mind, ensuring that absolutely no data is generated when using the platform and that no personal information can be collected by third-parties. Particl also approaches fraud protection and trade insurance differently by instead opting for a double deposit escrow system that requires no intermediary or arbitrator nor fees to be paid. As no single party owns or has any control over the Particl protocol, all of the listing fees generated by the marketplace protocol are redistributed, in full, to its global network of users. OpenBazaar has had problems with scammers. OpenBazaar uses bitcoin but people do not want to buy goods with bitcoin. Particl will use its own cryptocoin which is designed specifically for the purpose of shopping, although many more payment options will be integrated in the near-future. Paul Schmitzer, Particl Project Marketing & Strategy said “Using a combination of P2P and blockchain technologies, Particl Open Marketplace is able to provide a verifiably private shopping experience that ensures no user data can be created or collected by any party other than the one you are transacting with. The Particl protocol also brings the cost of buying and selling online to the bare minimum as no central entity has the ability to charge fees.” No one can rip you off on fees. No one can take data you never give out. You stay in control until you say the deal is good. About Particl Particl is a privacy-focused ecosystem based on P2P/blockchain technologies. It is composed of three main components: a privacy coin capable of untraceable/unlinkable transactions, a private, decentralized online marketplace where anyone can buy and sell goods and services for cryptocurrencies without leaving a trace, and a platform on which various applications can be integrated and interacted with. Particl uses a double deposit escrow system based on the MAD game-theory. Each party adds collateral (PART coins) into a smart-contract which is released back to both users, without any fee, once they both agree the transaction is complete. This is scalable, requires no staff and ensures a mutually satisfying transaction. Website: About Particl: Telegram: LinkedIn: GitHub: The post Innovations in eCommerce: Particl Launching an Unhackable Marketplace and competes with Amazon appeared first on ZyCrypto.
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In the spotlight of the week: Binance has found its treasure island, Bitcoin is under the question while Ethereum has several drivers for surging.

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Bakkt Official Launch Date, Ethereum Upgrade, Coinbase Bank & Is Everyone Ready?

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CME Futures CRUSHED Bitcoin... Will Bakkt do the Opposite?

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Here’s Why Bakkt Launch Is a Blessing For Bitcoin Holders

Yesterday’s big announcement that regulatory approval has been granted to Bakkt could be the best news bitcoin investors have had this year. It opens the door to the institutional investors and is a huge step forward for crypto industry legitimization in the US. Bakkt To Launch Next Month After months of procrastination, the new cryptocurrency trading platform launched by the Intercontinental Exchange (ICE) has finally been given the green light. The news that the Commodity Futures Trading Commission (CFTC), and the New York State Department of Financial Services, has granted regulatory approval broke late yesterday as reported by Bitcoinist. The concept of physically delivered bitcoin futures will require investors to either produce actual BTC or take delivery in them from their respective exchanges and platforms. Crypto trader at TexasWest Capital, Scott Melker, who also goes by the twitter handle ‘Wolf of All Streets’ stated the news was ‘arguably the most bullish event for institutional investors in the history of bitcoin’. The @Bakkt news is arguably the most bullish event for institutional investors in the history of bitcoin. PHYSICALLY delivered futures (require the holder to either produce actual bitcoin or take delivery from the exchange) backed by the New York Stock Exchange. We are maturing. — The Wolf Of All Streets (@scottmelker) August 16, 2019 Being backed by the New York Stock Exchange has granted bitcoin a level of legitimization never seen before. Investors will get the opportunity to trade in daily and monthly physical bitcoin futures contracts which is likely to lead to greater mainstream adoption. Bakkt is also planning to onboard a number of commercial retailers such as Starbucks which will provide an easier way for people to make purchases using bitcoin and other crypto assets. General Counsel for Compound Finance, Jake Chervinsky, was equally bullish on the Bakkt news stating that: “It offers a way for large, risk-averse institutions to buy and custody bitcoin through an end-to-end regulated system approved by the CFTC and NYDFS, and backed by the sterling reputation of ICE. Compliance lawyers rejoice!” The former litigator also noted that there is still a long way to go since there is still the SEC to contend with. When questioned on the possibility of big investors trying to short bitcoin he added; “Short sellers betting against a commodity probably don’t want to hold the underlying, so shorting via physically-delivered futures is more for entities that are net long (like miners) and want to hedge.” Fintech Business Analyst going by the twitter handle ‘Mr. Gordon’ was equally bullish on Bakkt; “This must be what it feels like to win the lottery!  The confirmation of the launch of #Bakkt changes EVERYTHING… Those of us who have been investing in crytpo for the last couple of years now have some very serious decisions to make…” This must be what it feels like to win the lottery! The confirmation of the launch of #Bakkt changes EVERYTHING.. Those of us who have been investing in crytpo for the last couple of years now have some very serious decisions to make….. Like which colour to get — Mr Gordon (@MrGordon_UK) August 16, 2019 Picking a Lambo color is probably a little presumptuous at the moment. Bitcoin price did not even react to the announcement as markets remain choppy this morning. BTC is still consolidating in the mid-$10k range after two dips into four-figure territory late in the week but the long term prospects have just brightened significantly. Will Bakkt send Bitcoin price to a new all-time high later this year? Add your thoughts below. Images via Bitcoinist Image Library, Twitter: @scottmelker, @MrGordon_UK The post Here’s Why Bakkt Launch Is a Blessing For Bitcoin Holders appeared first on

Bakkt launch bears good news for Bitcoin’s price and regulation

One of the biggest news last year was the announcement made by the New York Stock Exchange’s parent company, Intercontinental Exchange. In August 2018, The firm announced that it would be venturing into the cryptocurrency space with the launch of a new company – Bakkt. This turned out to be an extremely bullish news in […] The post Bakkt launch bears good news for Bitcoin’s price and regulation appeared first on AMBCrypto.

Bakkt’s Gets Nod for Physically Delivered Bitcoin Futures Approved from CFTC

The Commodities Futures Trading Commission (CFTC) has greenlighted the physically delivered Bitcoin futures product by Bakkt. Company CEO confirmed the news and said that the derivatives product would debut on September 23. Bakkt will be the first to debut physical BTC futures Kelly Loeffler, CEO of Bakkt recently announced that the startup had won approval from the US CFTC to start offering physically settled Bitcoin futures contracts. Bakkt is backed Intercontinental Exchange, and Loeffler is married to Jeff Sprecher, the CEO of ICE. With this approval, Bakkt will become the first company to launch the physical BTC futures. The products will debut on the market on September 23, and all contracts will be cleared by ICE Clear US, the same service that clears trades for NYSE. Loeffler gave a lengthy statement on the product suggest that Bakkt’s product received CFTC approval after a self-certification process. They have also started user acceptance testing. The Bitcoins backing the futures contracts will be under the custody of Bakkt Warehouse. Bakkt Trust Company, a qualified custodian, has also received approval from the New York State Department of Finance Services. She said, “This offers customers unprecedented regulatory clarity and security alongside a regulated, globally accessible exchange in a market underserved by institutional-grade infrastructure.” Bakkt wins the race The ICE-backed startup is not the only company eyeing the lucrative physically-settled Bitcoin futures sector. Numerous other companies like LedgerX are planning to bring the same opportunity to the market. LedgerX could have become the first company to launch these products as it received approval for offering futures, options and swaps settled in Bitcoin by the CFTC. However, the regulator says that the company lacks adequate approvals for launching the physical futures product. Meanwhile, Bakkt has decided to offer two types of futures contracts- daily and monthly. The collection of variation margin and initial margin collateral will be done by ICE Clear US. Product testing began last month to ensure that there are no hiccups when it eventually launches for the buyers. The qualified custodian of Bakkt will help in addressing concerns of the regulator related to manipulation and theft. Note that the company acquired Digital Asset Custody Company (DACC) earlier this year to win the New York regulator’s approval to become a qualified custodian. The company has also decided to pay $35 million for hedging against risks. Loeffler says that doing so will help bring safety for market participants and bring more integrity to this sector. The post Bakkt’s Gets Nod for Physically Delivered Bitcoin Futures Approved from CFTC appeared first on - Daily Cryptocurrency and FX News.
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