Amazon is looking for a blockchain expert, according to a job posting published on the company’s employment portal. The firm wants someone who is “passionate about blockchain and decentralized networks” and someone who can build innovative “business use cases” across decentralized finance (defi). Online Marketplace Amazon Hopes to Hire a Head of Product to Lead …
Author archives: Adam Owen
IRS Seeks Congressional Authority to Obtain Data on Cryptocurrency Transactions
The U.S. Internal Revenue Service (IRS) says it needs congressional authority in order to obtain the information needed to regulate cryptocurrency. “We get challenged frequently and to have a clear dictate from Congress on the authority for us to collect that information is critical,” IRS Commissioner Charles Rettig said. IRS Says It Needs More Authority …
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Skybridge Capital Says Bitcoin Still Has More Upside Than Gold
The chief investment officer of global investment firm Skybridge Capital says bitcoin still has more upside than gold. While expecting both gold and bitcoin to rally, he said his hedge fund is sticking to bitcoin. Asset Manager Skybridge Prefers Bitcoin to Gold Troy Gayeski, co-chief investment officer (CIO) and senior portfolio manager at Skybridge Capital, …
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Solana Aims to Raise $450 Million to Battle Ethereum Supremacy
Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March. The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy in the Defi ecosystem. Solana to Raise $450 Million …
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Concordium aims to end the era of anonymity in crypto industry
Crypto and blockchain industries need to play by the rules to realize their full potential, Concordium CEO says. The anonymity of Bitcoin (BTC) and other cryptocurrencies is a hot topic in the crypto space. While the transactions are open to track in a public blockchain, it is challenging to link a transaction with a real-life …
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IRS needs congressional authority to handle crypto, says chief
“Most crypto, virtual currencies are designed to stay off the radar screen,” said Charles Rettig. Internal Revenue Service chief Charles Rettig called out lawmakers for not taking the initiative on addressing the problem of many U.S. residents not paying taxes on crypto. In a Tuesday senate hearing on the IRS’ fiscal year 2022 budget, Rettig …
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Bitcoin price nears $30K as estimates reveal $19K support floor
Breaking $19,000 will be “very hard” for bears, say analysts at Whalemap, with this still allowing Bitcoin to dive below the $20,000 highs from 2017. Bitcoin (BTC) edged closer to the significant $30,000 support on June 8 amid predictions that a major crypto correction was imminent. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bulls line …
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Crypto investment platform Coinseed shuts down amid NYAG lawsuit
Coinseed also created an ERC-20 token whose message is targeted at New York Attorney General Letitia James. Coinseed, a crypto platform that enabled micro-investing in cryptocurrency assets for its users, has shut down its operations. Delgerdalai Davaasambuu, founder and CEO of Coinseed, announced the decision via a statement published on the platform’s website. Detailing his …
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Litecoin Price Prediction: LTC/USD Dares Breaking Lower Range-line
Litecoin Market Dares Breaking Lower – June 8It is currently observed at a closer viewing point that the LTC/USD market dares breaking lower the range-line as the price has been fluctuating around the value of 155 at a rate of -4.24 percent. Market Dares Breaking Lower: LTC MarketKey Levels:Resistance levels: $200, $250, $300Support levels: $120, …
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‘I should have bought a lot more,’ laments billionaire investor on Bitcoin
“The probability as more and more people keep using Bitcoin, it’s going to keep moving up,” said Marc Lasry. Marc Lasry, co-founder and CEO of Avenue Capital Group, believes that despite recent volatility in the crypto market, it likely isn’t going away. In a Tuesday interview with CNBC’s Squawk Box, Lasry said that while the price …
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Bitcoin sell-off likely played a key role in boosting Gold’s appeal
Investors’ appetite for gold increased as they assessed higher inflation and a major price crash in the Bitcoin market. May was a testing time for cryptocurrencies like Bitcoin (BTC). The flagship digital asset was already wobbling after rallying to nearly $65,000 in mid April, owing to profit-taking sentiment among traders. Elon Musk accelerated the sell-off …
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Berkshire Hathaway invests $500M in Brazilian digital bank
Though its billionaire owner has personally spoken out against digital assets many times, Berkshire Hathaway’s investment may indicate the firm is more open to the idea. Brazilian digital bank Nubank has raised $500 million from Berkshire Hathaway, a multinational holding company run by billionaire Warren Buffett. In an announcement from Nubank on Tuesday, the digital …
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Ontario securities regulator takes action against Kucoin
The OSC published a statement of allegations against Mek Global Limited and PhoenixFin Pte. Ltd. on Monday for allegedly violating local securities laws. The Ontario Securities Commission, or OSC, is taking stern action against two companies associated with KuCoin for allegedly failing to comply with local securities laws, setting the stage for further regulatory action …
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EEA Member Spotlight with Richard Ma, CEO and Co-founder at Quantstamp
As an EEA member, Quantstamp is part of the EEA community of organizations working to advance Ethereum and drive industry adoption. In the Q&A below, the EEA interviewed Richard Ma on the ways Quantstamp works with the ecosystem to help Ethereum reach its full potential. Please introduce your company and yourself briefly. I am the …
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British Asset Manager Ruffer Bags $1.1 Billion Profit From Bitcoin
British asset management firm Ruffer reportedly said its bitcoin investment has generated about $1.1 billion in profit. The firm says bitcoin has been “a wonderful store of value” and it is still optimistic about the cryptocurrency in the long term. Ruffer Profits $1.1 Billion From Bitcoin Investment London-based asset management firm Ruffer revealed that it …
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