Amazon pushes a strong rebound for Bitcoin and virtual currencies
Bitcoin (BTC) had its most significant rise in over six weeks on Sunday, trading at over $ 39,000 for the first time since June 16.
BTC is currently trading over $ 38,000 with an increase of over 10% in the last 24 hours. Additionally, the coin has grown 20.75% in the past week alone, following reports that Amazon is looking to develop a payment method tied to virtual currencies.
After weeks of market fluctuation, for the first time since May 9, the price of BTC has surpassed its 50-day moving average, a key line of support for investors and traders based on historical patterns as it shows an upward trend.
This new spike follows Amazon's announcement on its job page that it is looking for someone to “innovate within payments and financial systems” on its platform. The listing requires the following:
The payments system development team is looking for an experienced product leader to develop Amazon's digital currency and blockchain strategy and product roadmap. You will leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies, and Cryptocurrency to develop the case for the capabilities that should be created, and then drive the overall vision and product strategy and gain leadership buy-in and investments for new capacities. You will work closely with Amazon teams, including AWS, to develop the roadmap that includes customer experience, strategy and technical capabilities, as well as the launch strategy.
So, albeit with a twisted and emphatic language typical of headhunters, Amazon is really looking for experts to create a payment system that accepts virtual currencies. A nice boost for BTC.
The current rise follows the announcement by Tesla (NASDAQ: TSLA) CEO Elon Musk at the B-Word conference that the company is likely to accept Bitcoin payments again in the future. Tesla stopped accepting Bitcoin payments less than two months ago, citing the asset's carbon impact.
However, in response to concerns about Bitcoin's environmental effect, the Bitcoin Mining Council published a study in which it claims that most of the Bitcoin network is now powered by renewable energy. We don't know how true that is, but now Elon Musk has no more excuses !!
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The Amazon article pushes a strong rebound for Bitcoin and virtual currencies comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/amazon-spinge-un-forte-rimbalzo-per-bitcoin-e-per-le-valute-virtuali/ on Mon, 26 Jul 2021 10:51:58 +0000.