A large number of websites and posts on social media are stoking rumors that Apple has purchased $2.5 billion worth of bitcoin in the company’s first move into cryptocurrency, but is there any validity to the claims?
Many people are citing the fact that Apple was looking for a Business Development Manager with experience in alternative payments, including cryptocurrency, earlier this year as proof that it is very interested in Bitcoin.
Apple stated that one of the key qualifications for the…
BeInCrypto –
BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
Bitcoin update
BTC began the week of July 19-25 by decreasing, falling to a low of $29,278. However, a sharp upward movement followed and it managed to reach a high of $35,398 and a close of $35,381. This created a bullish engulfing candlestick.
This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading…
OZAN KOSE/AFP via Getty Images
Bitcoin leapt 15% on Monday to rise above $38,000 for the first time in about six weeks, after remarks from influential commentators and a report that Amazon is considering accepting payments in the cryptocurrency helped restore bullish investor sentiment.
The coin was trading at around $38,750 as of 3:15 a.m. ET, representing a 33% gain so far this year. It had earlier hit a 24-hour high of about $39,544, its highest level since mid-June.
After…
The ESG credentials of cryptocurrencies took a hit following a series of damning headlines earlier this year, however, there may be light at the end of the tunnel for budding, ethical crypto investors, according to a recent report from Candriam.
The research, titled Cryptocurrencies and ESG: A contradiction in terms?, began by recounting the unsustainable and even illicit behaviours which many have come to be associate with digital assets.
For instance, citing…
cho jae-weon, an urban and environmental engineering professor at the ulsan national institute of science and technology (UNIST), has developed an effective waste recovery system. he designed beevi, an eco-friendly toilet linked to a laboratory that uses excrement to produce biogas and manure.
image courtesy of ulsan national institute of science and technology / cho jae-weon
the beevi toilet by professor cho jae-weon – a hybrid of the words bee and vision – uses a vacuum pump to send feces into an underground tank, reducing water use. there, microorganisms break down the waste to methane, which becomes a source of energy. so, with each passage to the toilet, the defections of the students provide power for the university, running a gas stove, hot-water boiler, and solid oxide fuel cell.
‘if we think out of the box, feces has precious value to make energy and manure. I have put this value into ecological circulation,’ professor cho said. an average person defecates about 500g a day, which can be converted to 50 liters of methane gas, the environmental engineer said. this gas can generate 0.5kwh of electricity or be used to drive a car for about 1.2km (0.75…
Amazon may soon allow users to pay in Bitcoin and other cryptocurrencies. The global e-commerce giant is looking for is looking for a digital currency and blockchain product head for its payments team, Amazon’s latest job postings suggested.”The Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap,” the e-commerce platform said in a hiring post.
“You will leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities,” the company further added. The product lead will work closely with teams across Amazon, including Amazon Web Services to develop a technical strategy for better customer experience.
This is a clear indication that the Amazon is looking to explore cryptocurrency payments options on its platform, according to market…
Cryptocurrencies popped to the top of recent ranges on Monday as short sellers bailed out in the wake of a strong week and while traders hoped a handful of positive comments from influential investors might signal a turnaround in fragile sentiment.
Bitcoin rose as far as 12.5% to hit $39,850 (€33,828), its highest since mid-June during the Asia session, while Ether hit a three-week peak of $2,344 (€1989). On the heels of Bitcoin’s best week in almost three months, the move put the squeeze on short sellers.
Last week, cryptocurrency enthusiast and Tesla boss Elon Musk said the carmarker would likely resume accepting Bitcoin once it conducts due diligence on its energy use. It had suspended such payments in May, contributing to a sharp crypto selloff.
Twitter boss Jack Dorsey also said last week that the digital currency is a “big part” of the social media firm’s future and, on Sunday, London’s City AM newspaper reported – citing an unnamed “insider” – that Amazon is looking to accept Bitcoin payments by year’s end.
Brokers said that taken together the remarks were enough to finally lift the market from the floor of support where it has held steady since a May plunge, while data…
Amazon listed a job opening for a digital currency and blockchain product lead, sending cryptocurrencies soaring Monday.
Bitcoin climbed to a six-week high of nearly $39,043, while ethereum reached $2,363. Dogecoin was last trading at about 22 cents per coin, giving it a $28.8 billion market cap. As of Monday afternoon, both bitcoin and dogecoin had soared more than 14% over the past 24 hours, according to Coinbase. And ethereum went up nearly 12% over that period.
Typically, when Amazon is rumored to enter a new market, stocks of soon-to-be rivals tumble. But Amazon’s job listing had the opposite effect Monday, generating buzz about the tech company’s future involvement with cryptocurrencies and its potential to further legitimize the nascent digital currency sector.
In Amazon’s listing, which was posted Friday, the company says it is looking for someone with a “deep understanding” of the “cryptocurrency ecosystem and related technologies.”
The role would be part of Amazon’s payment acceptance and experience team, according to the job description, perhaps implying that the e-commerce giant could accept cryptocurrencies as payment in the near…
