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“# Amazon seeks new exec to oversee digital currency strategy ” Tech giant Amazon is looking to dive into digital currency and blockchain development with a new major hire within its payments-focused team. Amazon’s payments acceptance and experience team is seeking a digital currency and blockchain product lead to develop the company’s strategy of digital…
“# Bitcoin is key to the future of Twitter, Jack Dorsey says ” Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, will be one of the key trends for the future of Twitter, CEO Jack Dorsey declared. Twitter CEO said that Bitcoin would be a “big part” of the company’s future at the second-quarter…
“# Binance US ‘looking at IPO route’, CZ says ” Binance US, a United States-based cryptocurrency exchange operating separately from Binance, is looking to go public despite the ongoing regulatory crackdown on Binance. Changpeng Zhao, founder and CEO of the global exchange Binance, talked about its ongoing regulatory issues and future plans at the blockchain…
“# Stacks (STX) price rallies 195% after revealing plans to bring DeFi to Bitcoin ” Ethereum (ETH) is currently the leader when it comes to smart contract capabilities and the sheer number of projects operating on its network, but the push to build products on Bitcoin (BTC) is gaining traction with advocates like Square CEO…
“# 3 reasons why traders think Bitcoin price bottomed at $29,500 ” Traders are showing a renewed sense of hope after Bitcoin (BTC) price held onto the $32,000 range for what could be the second day in a row. Data from Cointelegraph Markets Pro and TradingView shows that bulls have managed to regroup at the…
“# Bitcoin traders watch $32K ahead of Friday’s $330M BTC options expiry ” This Friday’s weekly Bitcoin (BTC) options expiry currently holds a $330 million open interest. Considering the recent struggle to regain the $32,000 support, this event is an important test of bulls’ willingness to display reversion signs. On July 21, Alameda Research announced…
“# Cryptocurrency’s latest use case: Music production? ” A recent collaboration between two prominent social influencers has resulted in a device that creates sounds (or music) based on cryptocurrency’s infamous price volatility. In what has been termed the collaboration of the century, Estefannie and Look Mum No Computer (Sam Battle) joined hands to bring a “cryptocurrency-measuring…
“# JPMorgan will reportedly give retail wealth clients access to crypto funds ” Major U.S. investment bank JPMorgan is reportedly allowing advisors to execute crypto trades for more of its clients. According to a Thursday report from Business Insider, retail wealth clients at JPMorgan now have access to cryptocurrency funds. A person directly familiar with…
“# Get a passport, pay crypto, live tax-free? ” Way back in 2014, the United States Internal Revenue Service (IRS) ruled that cryptocurrency is property in Notice 2014-21. That classification as property has some big tax consequences accentuated by wild price swings. Buying and selling crypto can trigger gain or loss and be taxable. Yes,…
“# NatWest cuts payment channels to Binance, citing regulatory uncertainty ” NatWest, a major United Kingdom-based retail and commercial bank, has blocked all credit and debit card payments to crypto exchange Binance until further notice, multiple users on social media reported on Thursday. “With an increase in scams relating to cryptocurrency and regulatory uncertainty around…