Explained
Bitcoin’s explosive July rally pushed its market cap to $2.4 trillion, overtaking Amazon, silver and Alphabet, cementing its place among the world’s five most valuable assets.
Amazon News
Amazon is one of the largest trading platforms in the world. The service was founded in 1994 by Jeffrey Preston Bezos, who is more commonly known as Jeff Bezos.
Nowadays, one of the most important questions is if Amazon will accept cryptocurrency or not, as the whole future of cryptocurrency depends on the opportunity to pay with it. Amazon accepting cryptocurrency might be difficult due to a number of reasons. For example, Bitcoin transactions have a relatively low speed with about 7 transactions per second while the maximum number of transactions per second on Amazon was 600. Nevertheless, the company hasn’t officially announced that it will accept virtual currencies.
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With Amazon and Walmart exploring stablecoins, institutions may be underestimating potential exposure of customer data on blockchains, posing risks to privacy and brand trust.
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The Blue Origin mission is expected to move forward with six crew members after a 2021 bid from the Tron founder.
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Bitcoin adoption has been soaring, leading up to the optimistic regulatory expectations related to “Crypto Week” in Washington.
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Bitcoin became the world’s fifth-largest asset by market capitalization on Monday, driven by a seven-day buying streak from US spot Bitcoin ETFs.
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Despite Bitcoin’s rise, major corporations like Meta, Amazon and Microsoft are steering clear of holding it in their treasuries, favoring stability over crypto risk.
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Amazon is investing over $13 billion in expanding AI and cloud infrastructure in Australia, including new solar farms and data centers nationwide.
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Amazon joins a growing list of tech companies shifting to nuclear power to meet the energy-intensive needs of artificial intelligence.
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Retail giants Walmart and Amazon are reportedly evaluating digital currencies to streamline e‑commerce and boost cross‑border transactions.
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Amazon made similar commitments in North Carolina, with $10 billion earmarked to expand its data center infrastructure in the US State.
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Meta shareholders shut down a proposal to assess whether Bitcoin should be added to its balance sheet, with just 0.08% of votes in favor of the idea.
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The new data compression layer may address centralization risks in the crypto industry, such as the recent outage by Amazon Web Services.
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Amazon’s AWS powers some of the world’s leading crypto exchanges with high-throughput cloud infrastructure for crypto trading, presenting a central point of vulnerability.
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Kraken launches stock and ETF trading for US users, expanding beyond crypto as it pushes for a borderless, all-in-one trading platform.
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There’s a growing demand to pay for food with Bitcoin in-store and online. As institutions adopt Bitcoin as a store of value, people also want to use it for everyday purchases.
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