Amazon Is The Biggest Threat To Bitcoin Rightnow
Weekly publication showcasing the best and worst of cryptocurrency. Amazon is the biggest threat to bitcoin rightnow Over the past year, a growing number of people have leapt to take part in bitcoins meteoric rise. Teenagers have invested their college funds. Some families have mortgaged their homes and placed everything on the table. Even billionaires have suggested putting 10% of all assets into the digital currency. There is a lot of money in play and peoples livelihoods and savings are on the line. As a vehicle of investment, bitcoin itself has an array of problems. Its extremely volatile suffering drops as high as 30% in a single day, funds are difficult to recover when hacked, and bitcoins technology may be behind other newer cryptocurrencies which offer greater anonymity, programmability, and scaling. Most people tend to look at popular altcoins when they think about what could dethrone the current cryptocurrency king. But could the real threat come from a more material realm? Amazon is the largest online retailer in theworld Boasting over 94 billion USD in sales last year, it handles almost half of all American online purchases and has operations across the globe. But despite offering a large variety of payment options, Amazon has yet to allow people to pay with bitcoin or any other cryptocurrency. As the leader in online retail, its in a prime position to do so. Any cryptocurrency Amazon adopted would surely see a huge surge of support. Given the current popularity of cryptocurrency, what exactly is Amazon waiting for? One of the reasons Amazon may be avoiding cryptocurrency is their limited transaction speeds. Take a look at the top two major cryptocurrencies. Amazon peaked at 600 transactions per second during last years Amazon prime sale. If even a fraction Continue reading >>
Amazon Sparks Speculation By Buying Three Cryptocurrency-themed Domain Names
Amazon Sparks Speculation by Buying Three Cryptocurrency-themed Domain Names Is Amazon planning to accept cryptocurrency soon? Or are they just defending themselves? On October 31, Amazon registered three domains related to cryptocurrency, sparking speculation that Amazon may soon begin accepting cryptocurrency. The domains are amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. Amazon already owns the amazonbitcoin.com domain name. This is not the first time a rumor has circulated that Amazon will accept digital currency. A few weeks ago, there was news based on sources in Silicon Valley reporting that Amazon could soon integrate Bitcoin as a payment option. Any move to do so by Amazon, one of the most innovative and influential tech companies in the world, would have enormous consequences. However, during an interview, Amazon Pays VP Patrick Gauthier stated that Amazon does not plan to accept cryptocurrency since there is little demand . Considering that the majority of online payments are done via debit and credit cards, Gauthiers statement sounds reasonable and convincing. Its possible that Amazon bought the domain names simply for defensive purposes and has no plans to accept digital currency. Amazon may have no plan to accept cryptocurrency now, but Amazons attitude matters greatly. Its reasonable to assume that if Amazon eventually accepts cryptocurrency, the entire market could be lifted. Continue reading >>
Amazon And Bitcoin: Amazon Gets Three Cryptocurrency Domain Names
Facebook Twitter Google+ LinkedIn Pinterest Amazon gets three cryptocurrency domain names The news comes as bitcoin, the largest cryptocurrency by market cap,smashed through a new record high priceon Wednesday. A link has been posted to your Facebook feed. To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Amazon gets three cryptocurrency domain names Eugene Kim, CNBC Published 6:42 p.m. ET Nov. 1, 2017 | Updated 8:56 p.m. ET Nov. 1, 2017 Some people don't understand what Bitcoin is, but some people stand to make a fortune off the cryptocurrency. Here are the five people who stand to make a killing when they finally cash in on Bitcoin. Time Amazon registered for 3 cryptocurrency domain names. CONNECT TWEET 1680 LINKEDIN 1 COMMENTEMAILMORE Amazonhas secured three new domain names related to cryptocurrency, sparking speculation that the e-commerce giant could be preparing a move into the cryptocurrency space. However, Amazon Pay's VP Patrick Gauthier told CNBC last month that Amazon had no plans to accept cryptocurrency because there hasn't been much demand yet, and Amazon may simply be protecting its brand name. The domains are: amazonethereum.com, amazoncryptocurrency.com, amazoncryptocurrencies.com. Trade publicationDomainNameWirewas the first to report on Amazon's move. The report said Amazon registered for the domains on Tuesday. The news comes as bitcoin, the largest cryptocurrency by market cap,smashed through a new record high priceon Wednesday, reaching $6,600 for the first time, following news of CME's plan to launch bitcoin futures later this year. There have been some rumors of Amazon eventually accepting cryptocurrencies, like bitcoin, but the company has never acknowledged these plans. Just last month, another unfoun Continue reading >>
Coinbase | Where Can I Spend Bitcoin?
In the beginning, there was pizza . Nowadays, you can spend your bitcoin on much more than pizza, in a wide variety of places, both online and offline. And while there are more comprehensive lists available, we hope this will highlight the diversity of options available. Perhaps the easiest, most rewarding way to spend your bitcoins is by paying it forward. Use bitcoin to tip article and blog post authors with the click of a button , or donate to any number of worthy causes including the Wikimedia Foundation .You can also buy Reddit Gold with bitcoin, and give it out as gratitude for the user who posts your favorite cat pictures! Send or receive tips with Changetip or set up charitable donations . You can alsouse our personal Payment Pages to start accepting bitcoin right now! With over a million products for sale, all available in bitcoin, Overstock.com has you covered. While we wait for stores like Amazon and BestBuy to accept bitcoin directly, some enterprising folks have found a workaround. Use bitcoin to purchase gift cards from services like eGifter , or Gyft and then redeem them at Amazon, BestBuy, and hundreds of other popular retailers. Companies like Microsoft , and Green Man Gaming have recently started offering games and other apps for bitcoin. Others like this Minecraft server are actually using the bitcoin network to power their in-game currency! Download our mobile app for IOS or Android and take your bitcoins with you to any of these Bitcoin Restuarants . Or try a Coffee Shop, including this one in Prague that only accepts bitcoin ! You can pay for a hotel with Expedia , book a flight with CheapAir , or take a cruise with Ships & Trips Travel . Car dealerships are also getting into the swing of things, and while paying for fuel directly with bitcoin has Continue reading >>
Would Amazon Accepting Bitcoin Lead To The Breakthrough Of Cryptocurrency?
Would Amazon Accepting Bitcoin Lead To The Breakthrough Of Cryptocurrency? Long-term horizon, dividend investing, foreign companies, growth at reasonable price Rumors about Amazon starting to accept Bitcoin payments are abundant. Bitcoin isn't really used as a payment system at the moment, relative to usual currency. There are still multiple challenges to be overcome before it can reach widespread use. Companies and regulators are just discovering how they should deal with Bitcoin and cryptocurrencies in general. A bright future, but an uncertain present. Unverified rumors that Amazon ( AMZN ) will start accepting Bitcoin ( COIN ) ( OTCQX:GBTC ) have been shaking cryptocurrency communities lately. Though these rumors might prove to be untrue in the end, facts are that there seems to exist lots of demand for this new way of payment. There even was an online petition to convince Jeff Bezos to adopt Bitcoin as an accepted way of payment at Amazon. According to some who think the rumors are true, Amazon could make the announcement to accept Bitcoin as early as during their next investor call scheduled for October 26. According to Bitcoin bulls, this would be one step closer to major acceptance for the leading cryptocurrency. There already exist workarounds which make sure you can indirectly pay with Bitcoin at Amazon, but if Amazon would accept direct Bitcoin payments it would be huge news. Could it be the final breakthrough of Bitcoin? Will it finally be embraced by the masses? Let us first take a peek at the price development of Bitcoin of the last couple of years, you can see it has been a crazy ride. Though the upswings are most obvious in the graph, there were many times when Bitcoin went through a downswing, sometimes losing more than 80% of its value (such as betwee Continue reading >>
Next Level For Cryptocurrencies: When Will Amazon Accept Bitcoin Payments?
Next Level for Cryptocurrencies: When Will Amazon Accept Bitcoin Payments? Join our community of 10 000 traders on Hacked.com for just $39 per month. Experts agree that the future of cryptocurrencies will critically depend on whether they are accepted as a regular payment from leading online retailers. The signs for that are not bad. For all the euphoria that cryptocurrencies have triggered in recent months, Bitcoin, Ethereum, Ripple and Co. have not yet arrived in the so-called real economy. Aside from some (sometimes shady) online retailers and some less permanent shops, cryptocurrencies are not accepted as a means of payment. This is completely understandable if you look at the problems that cryptocurrencies would make today for a giant in the industry like Amazon. There is enormous volatility. Fluctuations of 20 30 percent have not been rare recently. The adoption would, therefore, involve a considerable risk for the retailer. Well, in the era of exchange-traded Bitcoin futures, hedging via the futures market would be possible. But it would be connected with transaction costs, which would increase the already high fees for Bitcoin. But another point is actually much more important: the transaction speed. The Bitcoin Blockchain currently allows just seven transactions per second. For Ethereum, this value is about twice as high. Amazon reported 600 transactions per second last year at its peak. Even if only a small proportion of Amazon customers would pay with Bitcoin or Ethereum (and no other Bitcoin transactions would take place worldwide), the current state of the art would quickly lead to unreasonable waiting times. But the masterminds of cryptocurrencies tell us that these are just teething troubles that will be resolved in the foreseeable future. Either through Continue reading >>
Why Amazon Is Buying Up All Those Cryptocurrency Urls
Why Amazon Is Buying Up All Those Cryptocurrency URLs People really want Amazon to get into cryptocurrency. Amazon-watchers have shivered with anticipation as the company bought web domains like amazonbitcoin.com, even though the site has never done more than redirect to Amazons main page. But a new wave of purchases has observers keyed up all over again. This time the acquired URLs are amazonethereum.com, amazoncryptocurrency.com, and amazoncryptocurrencies.com. Whats going on? The easy answer is brand protection. Anyone whos worked on a political campaign knows the virtue of over-hoarding web addresses that could be used in any conceivable way to tarnish, mock, or otherwise weaken the candidate and his or her public image. Amazon can certainly afford to collect as many potentially brand-diluting or revenue-reducing domains as seems reasonable. With cryptocurrency now penetrating the consciousness of ordinary people, now is a decent time as any to scoop up a few more destinations would-be customers might go. The sexier answer is Amazon wants to be ready to jump with a moments notice into accepting Bitcoin, Ethereum, Dogecoin, you name it. Now that cryptocurrencies have made a pretty good claim to durabilityeven if their prices might fluctuate speculativelythe next big economic question is which institutions are going to muscle in first, if any. Cryptocurrency Isnt a Good Platform for Commerce Wall Street is too divided on the wisdom of crypto. Sovereign wealth hasnt shown enough interest. As far as we can tell, the financial powers that be are not going to transform the status and usefulness of Bitcoin and company anytime soon. That leaves the playing field open for significant private entrants. Here you have your ideological benefactors, heavyweight speculators, bitc Continue reading >>
More Rumors Amazon Could Accept Bitcoin As All Eyes On Conference Call
More Rumors Amazon Could Accept Bitcoin as All Eyes on Conference Call Amazons Bitcoin decision could come as early as Thursday, an increasing number of rumors from Silicon Valley are purporting. Further rumors are surfacing that Amazon will announce a Bitcoin-related innovation Thursday, as a German newspaper fuels speculation. In an article Tuesday, Die Welt reported that fintech sources in Silicon Valley were echoing previous hints from investor James Altucher that the global giant could soon integrate Bitcoin as a payment option. Altucher made the comments in a report last month , citing Thursdays conference call as a D-Day moment for Amazon and Bitcoin. Ahead of the call, which anyone can listen to, momentum that the rumors actually hold substance are mounting. Even if the Oct. 26 date is not set in stone, Bitcoin introduction should probably be expected soon, Die Welt writes. Upon questioning Amazon, a spokesman replied to the publication in a predictably generic fashion. (Amazon) opts to include new products or services only when these are useful for our customers - until that point, we do not engage in rough speculation. The company has faced years of lobbying and rumors of various descriptions regarding its Bitcoin relationship since competitor Overstock became a pioneering virtual currency adherent in 2013. While multiple other midsize operators have since engaged with Bitcoin, Amazons participation would still be a first-of-its-kind move. Several dedicated services already exist to offer purchases with Bitcoin from their websites through the intermediary of gift cards. Continue reading >>
Will Amazon Finally Accept Bitcoin In 2018?
Forbes magazines digital currency specialist Roger Aitken investigates if and when Amazon will accept crypto currencies The global petition website Change.org described as the worlds platform for change has launched a campaign urging Amazon.com should accept Bitcoin and Litecoin cryptocurrency as payment methods ASAP. The petition has already had the support of around 12,400 signatures. The petition urges: Amazon should show continued leadership in innovation by eagerly accepting two of the most trusted and proven cryptocurrencies in existence: Bitcoin and Litecoin. It continues: Acceptance and intelligent integration of these efficient and groundbreaking payment methods will lead to more streamlined commerce and an improvement in the purchasing experience for the many millions who shop Amazon. Fellow tech company Microsoft was famously an early adopter of the new digital currency, you can use Bitcoin to add money to your Microsoft account and have been able to do so since 2014. Some shoppers have found a hack for spending Bitcoins on Amazon by using Giftoff.com to purchase Amazon vouchers with the cryptocurrency. But its a rather convoluted method, and there is always the real concern that Bitcoin might gain in value after you bought the vouchers. Theres little doubt that if Amazon were to accept Bitcoin directly it would legitimize the currency. Many Bitcoin users see Amazon as the Holy Grail, and believe that the floodgates would open from retailers if Amazon led the way. James Altucher, the American hedge fund manager and venture capitalist, says its more a question of when rather than if Amazon will accept Bitcoin. Says James: Im certain that Amazon will accept Bitcoin. They have no choice. And this will be the tipping point that will create massive generational w Continue reading >>
How To Use Bitcoin To Shop At Amazon, Home Depot, Cvs And More
How To Use Bitcoin To Shop At Amazon, Home Depot, CVS And More Two of the countrys biggest names in e-commerce, Overstock.com and TigerDirect.com, earned themselves some press (and perhaps goodwill from the tech crowd) with their recent decisions to start accepting Bitcoin as payment. Now, though, users of the controversial peer-to-peer digital system can spend their cryptocurrency in brick and mortar stores including Home Depot, CVS, Kmart and Sears as well as online at web retail granddaddy Amazon.com. eGifter.com allows shoppers to pay for any of their 150+ digital gift cards in Bitcoin straight from the checkout line at national retail chains using their mobile app for iOS or Android. eGifter uses Bitcoin wallet Coinbase to process transactions, ensuring theyre secure. Ive seen purchases come in for exact amounts like $124.68, so I know folks are paying using Bitcoin physically in-store, said eGifter CEO Tyler Roye. Thats the advantage, and a real opportunity with digital gift cards: you dont have to buy more than you need, down to the penny. Roye sees accepting alternative payment methods like Bitcoin as a no-brainer given the crowd of early adopters buying and trading it. Until chains like the Gap, GameStop and JC Penney start accepting the cryptocurrency through their own point of sales systems, eGifter.com acts as a workaround. Bitcoin users dont have as many places to spend as they might like, and many of them have made quite a bit of money in the past year , he said, adding that the demographic likely to embrace peer-to-peer payment systems probably has a fair amount of disposable income to begin with. These big retailers will have to accept Bitcoin over time, but its going to be a process years in the making, he said. Therein lies the opportunity for folks l Continue reading >>
Is Amazon Preparing To Accept Payments In Bitcoin?
Is Amazon preparing to accept payments in Bitcoin? The e-commerce giant has registered a range of cryptocurrency domains, driving speculation it will accept them as payments. Image: Amazon has registered three new cryptocurrency domains Amazon may be set to announce that it will be accepting Bitcoin and other cryptocurrencies on its e-commerce platform. Amazon has registered three new domains related to cryptocurrency, prompting speculation it may be about to announce a move into the sector. The company has not made an announcement regarding the reason for the registrations, but it could be preparing to accept the currencies as payment or launching an exchange for customers to purchase them. Amazon's legal department is listed as the registrant for the .com domains amazonethereum, amazoncryptocurrency, and amazoncryptocurrencies. Amazon registered amazonbitcoin.com three years ago, which redirects to the amazon.com site. While it is possible Amazon has registered the domains to prevent others from using them, there are strict consumer protections in the US against "domain squatting" - or registering a domain with the intent of profiting from someone else's trademark - which would make this unnecessary. The registrations follow two consecutive days of Bitcoin hitting all-time highs, following an announcement by CME Group that it plans to launch a futures market in the currency by the end of the financial year. The digital cash hit a value of over 4,780 ($6,338) on Tuesday afternoon - an increase of almost 50% since September - with gains of more than 710% since Halloween in 2016. By Thursday, it was trading above 5,330 ($7,000) - a long way up from its previous top valuation achieved only in October, when it topped 3,900 ($5,200). Image: Bitcoin has surged in value this Continue reading >>
Rumor Suggests Amazon Will Begin Accepting Bitcoin
Rumor Suggests Amazon Will Begin Accepting Bitcoin Amazon is rumored to announce plans to accept Bitcoin in an upcoming October conference call. The rumor comes from sources in Silicon Valley, and it resembles previous claims made by an investor in September. As Bitcoin rises in value and becomes more widely accepted , attentions are turning to online retailer Amazon as the next in line to accept the digital currency. According to German newspaper Welt , as later reported by CoinTelegraph , financial technology sources in Silicon Valley are making claims about Amazons plans to support Bitcoin as a new payment method. These rumors are supposedly similar to a claim made by investor James Altucher last month , who said that Amazon might make a Bitcoin announcement during an earnings conference call set for October 26. When Welt reached out to Amazon regarding the rumors, a spokesperson replied saying they do not engage in speculation but that they do include new products or services only when these are useful for our customers. Despites Amazons predictable response to the rumors, Welt writes that Even if the Oct. 26 date is not set in stone, Bitcoin introduction should probably be expected soon. It seems that well have to wait to see if these rumors are true. If the retailer does reveal plans to adopt the digital currency, itll be one of the biggest online storefronts to do so, which could prompt others to do the same. Amazon is a business after all, and if Bitcoin could boost its performance, it will certainly make an effort to embrace it. Continue reading >>
Bitcoin And Ethereum: Make Way For Amazon?
Bitcoin and Ethereum: Make Way for Amazon? The Goliath of online retail now has four cryptocurrency domains registered to its name. It's been more than 15 years since the dot-com boom, when investors were able to throw a dart at their newspaper and seemingly double their money in a matter of weeks. Cryptocurrency returns in 2017 have somewhat brought back that nostalgia , but to an even wilder degree. Since the year began, the aggregate value of all cryptocurrencies has surged from $17.65 billion to as high as $200.9 billion just a few days ago. That's a return in just 10 months and less than a week of 1,038%! Comparably, the broad-based S&P 500 has taken decades to deliver a tenfold return for investors. Leading the way for virtual currencies is bitcoin, whose market cap recently topped $120 billion, which is actually higher than quite a few Dow Jones Industrial Average components. Ethereum, the virtual currency sidekick of sorts to bitcoin, hasn't done too badly, either. It's up about 3,600% since the year began. A mixture of fundamental, emotional, and news-driven catalysts are responsible for pushing bitcoin and Ethereum significantly higher for the year. This includes excitement surrounding the potential for blockchain technology, which is the decentralizeddigital ledger that logs transactions securely without the need for a financial intermediary like a bank. It also has to do with a weaker U.S. dollar, which has sent some investors looking for a store of value to top-performing cryptocurrencies. Beyond the fundamentals lies a sea of news-driven events. Recently, the CME Group ( NASDAQ:CME ) announced that it'd begin carrying bitcoin futures by the end of the year.Institutional access to bitcoin futures trading should improve liquidity and reduce volatility for t Continue reading >>
Bitcoin Accepted By Amazon In 2018 ?
LAS VEGAS, NV 89107 - 12-04-2017 ( Press Release Jet ) -- Overstock.com one of Amazons biggest online competitors has been accepting Bitcoin for several years now. Many Bitcoin investors are chomping at the bit anticipating the Feb 2nd conference call from Amazon. Their hope is that Amazon will announce it will start accepting Bitcoin as a payment option. If a powerhouse like Amazon.com announces it accepts Bitcoin it could possibly cause Bitcoins price to skyrocket up 20%- 30% in a day and could entice hundreds of thousands of new Bitcoin investors to quickly sign up with www.CoinBase.com . Cybersecurity legend John McAfee predicts Bitcoin could hit $1mil by 2020. Boy we all hope he is right. The main thing to remember with Bitcoin is the maximum number of 21 million coins that can be mined and produced. The number cant be increased like corporate stocks can. Companies are constantly issuing new shares thus diluting their current shares. Bitcoin is different, it has a finite number of coins which can be mined and thus sold. Bitcoin in reality is many times more rare then gold & diamonds. Today 1 Bitcoin sells for almost 10xthe price of an ounce of gold. Some people predict in a year or two Bitcoin could sell for 50x 100x the price of an ounce of gold, and if it does then Bitcoin will be selling at $60,000 to $120,000 each. The second thing for potential investors to remember is dont let the current seemingly high $11,000 price scare you from investing. Months from now you may look back and realize $11,000 was actually a bargain. Some experts suggest that even if you cant afford to buy a whole Bitcoin you can always buy a fraction of a Bitcoin. Buying 1/10 of a Bitcoin will only cost you about $1100and that 1/10 of a Bitcoin could possibly be worth $6,000 or $12,000 in Continue reading >>
2.3 Billion People Can Now Use Bitcoin On Amazon
2.3 Billion People Can Now Use Bitcoin on Amazon Antonio Madeira January 24, 2017 7:00 am Almost 2.3 Billion people can now shop on Amazon without a computer or a bank account following Purse.ios Android app launch. Shopping with Bitcoin on Amazon Now Available to 2.3 Billion Following the launch of its iOS app , Purse.io has now released the Android version for its platform, enablingbillions to shop on Amazon with Bitcoin on the most popular smartphone operating system with over 1.4 billion users globally. With both operating systems supported, the number of people globally that can now use this serviceis now around2.3 billionand expected to reach 2.8 billion by 2020, according to Statista. Were excited to formally announce the arrival of our official Purse Android app! We released our iOS app back in November. So, of course had to spread thelove to the largest and most widely used mobile operating system in the world, Android. Although the online retail giantdoes not accept Bitcoin directly, Purse.io matches buyers with gift card holders creating an extremely powerful use-case: online shopping. Furthermore, it enables those who dont have a bank account or credit card to usethe Amazon e-commerce platform, even if they dont have a computer. The servicealso lets merchants register their Purse account and sell directly on the platform. Needless to say, all items from Amazon that are purchased on Purse.io are cheaper than the ones listed on Amazon itself. Not only because of Bitcoinssmaller transaction fees but also because it provides agift card/bitcoin exchange market as well as significant discounts . Sellers can create a free or paid account on Purse.io and list their items for sale. Once a purchase takes place, Purse.io will act as an escrow until the transaction i Continue reading >>