Amazon has entered the emerging Blockchain-as-a-Service (BaaS) sector with its blockchain templates for Ethereum and Hyperledger Fabric for Amazon Web Services (AWS). This follows suit of tech giants IBM and Oracle who have launched their own Hyperledger blockchain services.
Ethereum (ETH) has had a strong rebound in the beginning of Q2, now up over 90% since April 7th. The market cap now stands at US$69.55 billion, with exchange-traded volume of US$2.14 billion in the past 24 hours. Chatter has continued to increase whether or not cryptocurrencies, specifically Ethereum, should be considered a security or not under U.S. law. In an interview with The New York Times, ex-CFTC chairman Gary Gensler said there is a “strong case” that ETH is a noncompliant security, which usually comes with heavy financial penalties and jail time.