Tag: currency
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Amazon may soon allow users to pay in crypto
Amazon may allow users to pay in cryptocurrencies like Bitcoin soon as the e-commerce giant is hiring a digital currency and blockchain product lead for its payments team.According to a latest job listing, Amazon’s Payments Acceptance & Experience team is “seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product…
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Bitcoin’s easing volatility sends bullish signal for some
A lull in Bitcoin’s wild swings in recent days was shot by some as a symbolic indication the fragile digital currency could recover.The world’s largest cryptocurrency was little changed at $36,425 as of 6:45 a.m. in New York on Tuesday, after two straight sessions of gains.Swings in the price as measured by the spread between…
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6 ways to hedge currency risk in foreign equity
1,000% return in just 10 years. No, we are not talking about a penny stock or worse, not a Ponzi scheme. This is the kind of returns earned by those investors who invested in the stocks of American mega corporates like Apple, Microsoft, Tesla, and Amazon 10 years ago. That is right, if you had…
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Tesla suspends use of bitcoin over ‘rapidly increasing use of fossil fuels’
Value of digital currency falls 17 per cent, following Tesla CEO Elon Musk finishes decision to let customers pay for its cars in bitcoin Tesla has suspended that the auto giant’s usage of bitcoin just months after announcing it would take the digital currency as payment for its own cars, citing worries over its huge…
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Crypto-currency pioneer Diana Biggs joins digital assets startup Valour as its new CEO
Crypto-currency pioneer and early Bitcoin thought-leader Diana Biggs has joined Swiss-based startup Valour, which lets investors easily buy digital assets through their bank or broker. The move is significant with the news that Tesla has bought $1.5 billion worth of Bitcoin, thus massively boosting the mainstream markets for crypto assets. Biggs explored the potential for…
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Elon Musk returns to Twitter after two days
LONDON: Cryptocurrency Dogecoin surged more than 50% on Thursday after billionaire entrepreneur Elon Musk tweeted his support for it, two days after he said he was to take a break from Twitter “for a while”. Dogecoin jumped to $0.05798 according to data on blockchain and cryptocurrency website Coindesk. Musk first tweeted “Doge” and immediately followed…