Check out our website: Amazon looking to build a blockchain for advertising
Amazon recently advertised a job offer on LinkedIn for a software development engineer, who is supposed to work on an advertisement blockchain. The online retail giant is looking to grow its advertisement business by leveraging its online retail data, industry-leading cloud services, and fast-moving startup culture. The post reads as follows: “Our new team in Boulder, CO is looking for a Sr Software Engineer to work within our Advertising FinTech team focused on a Blockchain ledger, billing, and reconciliation systems to provide data transparency on transnational financial data.” What is the future of Amazon and Blockchain
Correlation between Bitcoin and gold continues to grow
The correlation between digital and physical gold has almost doubled in the past three months, fresh data from Bloomberg revealed on Aug. 7. The statistics reveal that while the correlation between Bitcoin (BTC) and gold over the past year was at 0.496, in the past three months this has almost doubled to hit 0.837 — where a coefficient of +1 indicates perfect correlation, and -1 complete non-correlation. Does this mean that Bitcoin and gold are the assets that people are using to store their wealth?
U.S. Congress moves forward on crypto regulations
A tax bill looking to allow the exclusion of gain or loss on like-kind exchanges of virtual currency has been introduced in the United States House of Representatives. The bill dubbed the “Virtual Value Tax Fix Act of 2019” was initially introduced by Rep. Ted Budd. The bill seeks to introduce amendments to the Internal Revenue Code of 1986. What is the future of regulation for cryptocurrency in the USA?
Bitcoin educator scams Bitcoin scammers
A Canadian Bitcoin educator has scammed a crypto scammer and subsequently donated the money to charity. Ben Perrin — a YouTuber who runs an education channel about cryptocurrencies and a marketing director at a Bitcoin exchange — got scam messages offering an investment scheme that would supposedly double his Bitcoin investment every 24 hours. In the end, he was able to swindle the scammers out of Bitcoin and he sent it to a philanthropic organization that helps people in Venezuela purchase food with digital currency. A win for Perrin and also the people of Venezuela.
Around 300 addresses hold 80% of Tether
The crypto market research firm Coin Metrics says that 318 addresses hold at least $1 million worth of Tether, making up 80% of the global Tether supply. Bloomberg reported the company’s finding in a report on Aug. 7. Coin Metrics co-founder Nic Carter additionally mentioned that some of the USDT whales include major crypto exchanges, such as Binance and Bitfinex.
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