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Category: Amazon

Bitcoin Price Drops $1,000 In 12 Hours After Amazon Dispels Bitcoin Integration Rumors

Bitcoin price promptly lost $1,000 in 12 hours after an Amazon spokesperson confirmed that the company was not planning to add bitcoin to its platform. The price which had seen a major uptick in the price in the day following the news of the company accepting bitcoin has now started to correct back down. Amazon rumors circulated the market, contributing to major gains in the crypto market. Coins like Bitcoin and Dogecoin saw over 10% gains added to their prices in just 24 hours. The crypto market recorded significant gains as the market saw hundreds of millions of shorts liquidated in a short period of time. Related Reading | Over $800 Million Bitcoin Shorts Liquidated As Price Surges 12% In 24 Hours As news spreads around the market of the denials, prices continue to fall across the board. Cryptocurrencies like Bitcoin and Ethereum have recorded dips in their prices in the last 12 hours following this. Amazon Interested In Cryptocurrencies A spokesperson for the company denied all rumors of Amazon integrating bitcoin on their platform and making its own native token. But this doesn’t mean that the company has no interest in the cryptocurrency industry. According to the spokesperson, Amazon will continue to explore the space and see what it holds for its customers. “Notwithstanding our interest in the space, the speculation that has ensued around our specific plans for cryptocurrencies is not true. We remain focused on exploring what this could look like for customers shopping on Amazon.” BTC loses $1,000 in following Amazon response | Source: BTCUSD on TradingView.com No cryptocurrencies, in particular, were named in the email correspondence with CoinDesk in which the rumors were dispelled. But as the top cryptocurrency in the market, bitcoin is usually always the first point of contact when companies decide to dip their feet in the crypto market. Market Impact Going Forward Continuing on this streak might see the asset’s price falling even further down. Although the e-commerce giant did not completely denounce the entire industry. The market continues to record small losses as the hours go by. But so far, not a wide margin of losses. Related Reading | Number Of Investors Holding Bitcoin Tripled In Last Three Years The impact of the rumors of the Amazon bitcoin integration continues to show just how important adoption is to the wider crypto industry. Mainstream usage will be the final stage of adoption, and prices of BTC and other cryptocurrencies are likely to soar. A 10% gain in just hours following a rumor like this sets the stage for market reactions when actual adoptions like this happen. Bitcoin has recorded over a 3% loss following this news, to be trading in the $37,000 price range. Featured image from Al Jazeera, chart from TradingView.com
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Amazon Dismisses Bitcoin Support Rumors, But Still Interested in Crypto

E-commerce giant Amazon has dropped several hints about launching a possible digital asset soon. After its latest signal gained significant traction, the company appears to be doing some crowd control. Earlier today, a spokesperson for Amazon told Reuters that the company isn’t planning to support Bitcoin payments despite industry reports. The spokesperson explained that while […]

The post Amazon Dismisses Bitcoin Support Rumors, But Still Interested in Crypto first appeared on BitcoinExchangeGuide.

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Why Tesla FUD Won’t Matter Anymore for Bitcoin ?

Bitcoin price shot up 12% in an hour earlier today to record a new monthly high of $39,230 and currently looking to break out of the two-month-long price zone. The top cryptocurrency has been moving between the $30K-$40K price range since the market crash in May. BTC also broke past key resistance of $38,300 and

The post Why Tesla FUD Won’t Matter Anymore for Bitcoin ? appeared first on Coingape.

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Amazon Is Hiring A Product Leader to Develop its Digital Currency

Amazon is hiring a Digital Currency and Blockchain Product Lead as it progresses into the cryptocurrency sector. With $1.83 trillion market capitalization, the tech giant is looking for an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap. Based in Seattle, Washington, the position is part of Amazon’s Payments & […]

The post Amazon Is Hiring A Product Leader to Develop its Digital Currency first appeared on BitcoinExchangeGuide.

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