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Amazon Soon To Accept Crypto...Probably. The "Team responsible for how Amazon’s customers pay" Is Hiring A "Cryptocurrency Lead"....

Amazon bitcoin and amazon cryptocurrency

It's hard to come to any other conclusion when reading this new job listing on Amazon's hiring site - they're about to begin accepting crypto!  Well, we're 99% sure of it. 

First - a quick thank you to Robert D from Washington state, a reader who spotted this and reached out (if you ever have a story idea or spot something interesting, @TheCryptoPress on Twitter or tips@globalcryptopress.com - we love hearing from you!).

The Job Listing Is Less Than 24 Hours Old...

While the date this was posted was not visible on the page itself, a look at the source code reveals 'date_posted July 22' so it didn't go unnoticed long.

Now That We Know the Basics, 'how' and 'when' - Let's Dive in to the Job Description...

While it's missing a straightforward sentence like 'soon we will roll out cryptocurrency payments for all users' it appears they used every keyword and key-phrase possible to imply it.

When reading the introduction below, look for the following: 'payment methods' and 'responsible for how Amazon’s customers pay on Amazon’s sites' and 'develop Amazon’s Digital Currency and Blockchain strategy and product roadmap' it even ends by saying this person will need to come up with 'the launch strategy'

 Job Description: 

"Do you want to innovate on behalf of customers within the payments and financial systems of one of the largest e-commerce companies in the world? As one of the largest e-commerce companies in the world, Amazon processes billions of secure on-line transactions via numerous payment methods and capabilities around the globe. The Amazon Payment Acceptance & Experience Team is responsible for how Amazon’s customers pay on Amazon’s sites and through Amazon’s services around the globe.

The Payments Acceptance & Experience team is seeking 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 which should be developed, drive overall vision and product strategy, and gain leadership buy-in and investment for new capabilities. You will work closely with teams across Amazon including AWS to develop the roadmap including the customer experience, technical strategy and capabilities as well as the launch strategy."

Their End Goal Seems Clear -  But We May be Biased...

The effect this could have on the cryptocurrency markets before any transaction takes place is gigantic. Having the world's largest retailer legitimize Bitcoin (and whatever else they choose to accept) by making it an official payment option would raise the value of coins people already own.

It's also probably realistic to expect thousands of smaller retailers to do it, because Amazon just did it.

That Is Why It's Still Important to Examine All Possibilities...

The mention of CBDC's or Central Bank Digital Currencies (basically government issued and controlled crypto) opens up the possibility that they are only preparing to accept these.

The United States, United Kingdom, Canada, Japan, Sweden, and Switzerland are all working together to launch theirs, mostly likely on networks built to communicate with each other. 

That move may be to knock China down a peg - their digital currency is already complete,  but it may be obsolete too.  Built when there were no others to coordinate with, the 'digital yuan' may need some updates if they want it to work outside of China. 

So - What Do YOU Think? 

Is Amazon simply preparing to accept the 'digital dollar' and other government issued coins? Or will we soon see Bitcoin listed as an option next to Visa and Mastercard? 

Tweet us @TheCryptoPress and share your thoughts! 

-----------
Author: Ross Davis 
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco Newsroom / Breaking Crypto News

The Data PROVES It: The Wealthy Are BUYING UP BITCOINS, As Amateur Investors Continue To Sell In Fear...

Bitcoin whales buying

The Whales, bitcoin holders who manage between 1,000 and 10,000 Bitcoins, who had sold when the price had topped $30,000, have changed their strategy and are now accumulating.

The report from Ecoinometrics compared the activity of seven holder segments over the period of November 2020, starting from those with less than 1 BTC to whales: addresses with less than 1 BTC, 1 to 10 BTC, 10 to 100 BTC, 100 to 1,000 BTC, and 1,000 BTC to 10,000 BTC.

Ecoinometrics says the post-halving bull market really began in October when the price started to take off from the $10,000 price zone. 

bitcoin trends
The More Bitcoin They Own, The Less They're Selling...

The document highlights a noticeable difference in the behavior of the BTC in the hands of the so-called fish (with a value of less than 1 BTC) and whales. According to the graph, the group with addresses between 100 BTC and 1,000 BTC has acquired bitcoin with the greatest resolve, especially during the period when the price rose from $30,000 to $60,000. 

Top Traders Believe Another Bitcoin Rally Is Around The Corner...

In February, the BTC of whales' addresses began to recede, most likely as a result of profit-taking, but after the price of Bitcoin returned to $30,000, a resumption of accumulation in this segment of large holders has been noted, according to the report.

 The study found that profit-taking has already ended in the five groups studied, but the picture has changed since BTC's price stabilized in the $30,000 range. 

Whales and small fish have rebounded in value, while other groups have become neutral. As suggested in the study, these first signs of a rebound in value could lead to a return to BTC's increased price growth. 

In Glassnode's most recent Bitcoin market report, it is estimated that exchanges send 2,000 BTC per day as net outgoings (being taken off exchanges), which is backed up by on-chain data. This finding is in line with the Ecoinometrics study.

Coins being removed from exchanges and in to private cold storage/secure wallets is a sign of someone confident they won't be selling anytime soon.  There never has been more Bitcoin off exchanges than there is now. 

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Author: Fernando Perez
Latin America Newsdesk

A Primer and the Possibilities of BitClout....


Stories about BitClout have been making the rounds on new sites and have sparked lively conversations across social media. Before we dive into what BitClout is, it’s worth taking the time to understand another trending technology --  NFTs. Unlike in the real physical world, digital objects are not unique. In other words, the ones and zeroes can be copied perfectly as many times as you want. 


NFTs, or non-fungible tokens, allow for the creation of limited run or one-of-a-kind unique digital objects. This is important because for the first time value can be assigned to digital objects. The explosion in the popularity of NFTs hints at the pent up demand for such an innovation. NFTs have been used to tie value to digital objects such as digital trading cards, art, or even music albums. BitClout is a related technology with a more ambitious goal, using its tokens to tie value directly to people.


BitClout is a crypto social network that allows users to monetize their followers and invest or speculate on other users. The basic user interface and actions resemble Twitter with posts, profiles, follows, likes, etc… However, unlike Twitter, Facebook, or Instagram, but similar to bitcoin, BitClout is completely decentralized and fully open-source. There is no company behind BitClout.



BitClout is such a new technology that has turned us towards an expert in the space to check our understanding and walk us through the possibilities of the new social network. Mario Nawfal, a serial entrepreneur and business influencer, started his first crypto business 4 years ago, International Blockchain Consulting (IBC). Mario was one of the earliest adopters of Clubhouse. His daily room "The Roundtable," is the #1 room on business.

BTCLT and Creator Coins


There are two classes of tokens on the platform. BitClout is the platform, but also the name of the native cryptocurrency (BTCLT), which is required to use the platform. Mario says that “this helps fight against the high number of bots and spam on other social media networks.” Don’t worry, though, most normal actions on BitClout, such as posting and liking, are essentially free. Signing up on the BitClout platform gives new users a starting amount of BTCLT. BTCLT can also be purchased with bitcoin through the platform.


Creator Coins are the mechanism through which users monetize their reputation or invest in other peoples’. Every user on the platform gets their own coin that anyone can buy and sell. The price of each coin rises when users buy and falls when they sell. If you believe a coin is going to rise, e.g., the user will become more popular, then the earlier you buy the coin the greater you profit later.


Almost all of Mario’s excitement is aimed at the Creator Coins. Creator Coins allow users to invest directly in other users. Creator Coins allow users to frictionlessly turn their social capital into financial capital. Creator Coins are essentially a new asset class that ties value to the reputation of individuals.


How do Creator Coins work?


Let’s say user Alice signs up for BitClout. When Alice initially creates her profile, there are zero Alice Creator Coins, thus the price for purchasing her first coin is zero. If user Bob wishes to buy coins from Alice’s profile, the platform will create, or mint, the coins and sell them to Bob. The price per coin will increase based on a predetermined curve visualized below. Creator Coins are actually denominated in BTCLT, but for simplicity are translated to US dollars.

Note that the coins are very scarce because as more are purchased the price increases higher and higher. Once 500 coins have been created, each one will cost more than $10,000. Buying increases the number of coins in existence and the value of all coins based on this curve, but selling does the opposite. The number of coins decreases and the price falls based on the curve.


Every user on the platform can decide to keep a certain percentage of the coins that are created as a founder reward. Returning to Alice, if she decided to set her founder reward to 10% and Bob bought 100 BTCLT worth of Alice’s Creator Coin, then 10% of the purchased Creator Coins would go to Alice’s wallet instead of Bob’s. BitClout only pays founder rewards on net purchases. If Bob bought 100 BTCLT of Alice’s coin, sold it, and rebought 100 again, Alice would still only have 10%.


Mario, who is already one of the most active users on BitClout, advises users to set their founder’s rewards very low, preferably zero. “The best way for users to profit from their own presence is to buy their coin when they initially create their profile. The coins are very cheap early on when there are few coins.”


Possibilities of Creator Coins


“There are so many great ways to use your Creator Coins as incentives to investors,” says Mario. You can limit the people who can send you messages or comment on your posts to those who hold a certain amount of your Creator Coins. You can increase traffic to your profile by promising to purchase a more popular user’s coin in exchange for a retweet, or you could retweet a less popular user if they purchase your coin. You can create premium content to entice new investors and retain the ones you already have.


Mario has set up premium content for tiers of his top investors. “I’m proud to run the biggest growth hacking agency (WeAreGrowthHackers) and the interest in BitClout is substantial. We are helping a ton of celebrities and influencers launch on the platform.” Mario is leveraging his business for his investors on BitClout. “If you are a top 10 investor, you will get notified when we launch a celebrity. Remember, coins are very cheap early on.”


Other premium content can be things like, artists creating custom pieces for large investors, signed posters from celebrities, or simply communication access. Mario says, “I communicate and make myself available for my top investors.” Mario stresses that the key is to add value for investors, like any business. “With my incentives, I was able to raise $400,000 in four days, but that’s only the beginning,” says Mario.

Future of BitClout


Mario sees BitClout having exponential growth in 2021. “It takes time for people to get comfortable with new technology, but when they do, the growth reaches exponential status.” Mario is putting his money where his mouth is, he’s investing in the platform. “I am currently buying all the BitClout over-the-counter (OTC) I can get my hands on. In fact, if you want to sell your BitClout, DM me on instagram @marionawfal. We use an OTC Escrow service.” He is also in talks to start a BitClout fund.


Still, there are misgivings on Twitter, in news stories, and in conversations I’ve had with industry observers that BitClout is some sort of scam, perhaps a pump and dump scheme. Mario is quick to retort, “Look at the who’s-who of initial investors in BitClout. Sequoia Capital invested in Apple, Google, PayPal, LinkedIn and a dozen other marquee global brands. Andreessen Horowitz, invested in Facebook, Twitter, and AirBnB. You think they didn’t do their due diligence? You think I didn’t?” Mario is right that the caliber of investors supporting BitClout should do much to deflate the notion that BitClout is merely a scam.


“Bitclout is a place to start communities, and create long term value in those communities,” says Mario. If that is true, then the communities that make up BitClout, as well as BitClout itself will have a prosperous future. 

------
Information Provided via Press Release
Distributed by Global Crypto Press Association
Breaking Crypto News


It's FINALLY Confirmed: When Ethereum's Highly Anticipated Upgrade Will Go LIVE...

Ethereum 2.0 London Update Date

Ethereum developers have informed us that the test run, which has been running on the Ropsten testnet for the last 3 weeks, is officially being called 'a success'.

Known as the 'London' update - this is considered by many as the most important update to Ethereum since it's creation.

Important For One HUGE Reason - This Should Solve The Problem Of High Fees...

'London' is actually a package of five different updates (AKA EIPs - Ethereum Improvement Proposals) among them is EIP 1559 which  changes the way commissions are paid on the network, where each transaction will pay a base commission (a part of this fee will be burned) and the tip figure for miners is established.

Miners aren't so excited, they claim that their income could be reduced - but their crying is music to the ears of any user who has been paying absurd fees for months.  The miners had a run of inflated fees they should never have expected, and while I'm sure it was a great time to be an ETH miner, it obviously was something that wouldn't and couldn't last forever. 

Better Late Than Never...

This has taken way too long. I say this as someone who could easily do 20 transactions on the Ethereum blockchain on a normal week, between trading and dApps - so I'm not some 'hater' spreading FUD, or shilling for some competing blockchain. 

I've shared my frustrations on how long this was taking in a previous report, and it was doing research for that report when I realized the reason I felt like I had been waiting for so long, is that I actually was.

I looked back to when rising fees first became a concern, and found posts made in 2018 where Ethereum developers were discussing the problem of high fees - which at the time was $0.74 cents, a price we'd celebrate today. 

But back then, that $0.74 cents was worthy of an urgent response "As the number of transactions on Ethereum keeps going up and up, we have no time to lose" said one developer.  

If there was 'no time to lose' in 2018, there's no way around it - you're pathetically slow if you don't deliver until 2021. 

So - When Is It Happening?

The London update will go live along with block 12,965,000 being processed - we're on block 12,833,326 right now. 

Assuming Ethereum transactions maintain their current average - we're looking at Thursday Aug 5th, around 2:00am Los Angeles time.  But it's probably best to just think anytime between Aug 2nd and Aug 7th.


-----------
Author: Ross Davis 
E-Mail: Ross@GlobalCryptoPress.com Twitter:@RossFM
San Francisco Newsroom / Breaking Crypto News

AXEL® Brings Industry-leading Data Privacy and Security Capabilities to Theorem’s Innovative Legal Tech Marketplace with its Decentralized File-Sharing Application AXEL Go...

Axel Go

Las Vegas, Nevada, July 14, 2021 – AXEL, the software company focused on data custody, privacy and security solutions, is adding its AXEL Go secure file-sharing and storage application to Theorem, a groundbreaking legal technology marketplace that helps law firms and corporate legal departments around the world achieve workflow-driven tech adoption. Legal professionals on the Theorem platform can now use the AXEL Go application to add private and secure collaboration capabilities to their legal tech stack, during in-office, hybrid and remote work situations.

 

“Theorem is working toward the future of legal tech and we’re honored to join its ecosystem with our AXEL Go privacy and security solution,” says Ben Ow, President and CTO of AXEL. “In today’s changing work environment, law firms, in-house counsel and vendors need an affordable and effective way to protect their confidential and sensitive data.”

 

Theorem’s users can now access AXEL Go’s intuitive and innovative feature set when collecting, storing or sharing their files. The application’s blockchain technology, decentralized cloud and AES 256-bit encryption allows users to add barriers between sensitive files and unauthorized access. Like Theorem, AXEL Go can be used equally by law firms, corporate counsel and vendors, making it the most universal solution to store files securely or transfer confidential documents to colleagues, clients, as well as for personal use. There are no file size limits, which means that users have a scalable and convenient option to share any amount of data, safely and securely.  

 

"We are extremely excited to welcome AXEL to the Theorem network and enable greater access to next-generation technology focused on privacy and security," notes Joshua Maley, CEO and Co-Founder at Theorem. “Firms electing to use blockchain powered applications can show their commitment towards securing work product, while leveraging the most innovative solutions to better serve their clients."

 

Theorem brings law firms, in-house counsel and vendors together on its platform by providing access to new technologies and improved efficiencies. Advanced search mechanisms, enhanced profiling and comparison tools help firms to find the best software for their needs.

 

AXEL Go offers the best way to collect, store and share files securely. When files are shared, they are split into small “shards” and distributed to various servers closest to the recipient. This process, which uses the same encryption technology that government agencies and the military use to secure their most confidential files, significantly reduces the risk of a data breach. 

 

 

About AXEL

AXEL believes in a secure internet for everyone, and that private information is private property. That’s why AXEL will never sell your data to any third party. AXEL continues to expand its suite of affordable, patented technology solutions for businesses and individuals who want the benefits of the latest technology without sacrificing their data privacy and security. For more information, please visit AXEL and to sign up for a 14-day trial of AXEL Go Premium, please visit AXEL Go. Follow AXEL on DiscordTwitter, Telegram and LinkedIn.

 

About Theorem

Theorem LTS builds the legal tech platform that powers the adoption and integration of digital solutions for the legal industry. The Theorem platform combines an integrated marketplace for legal technology with a powerful workflow engine that serves up firm technology needs at the point of need, within their workflow–and helps law firms and legal departments discover, assess, adopt, track, connect and automate their legal technology stack. Theorem’s mission is to usher in a new era of legal solutions development and delivery using technology. To learn more, please visit Theorem.

 

Contact:

John Svoboda

AXEL

(702) 948-9970

PracticeSupport@axel.org ------

Information Provided via Press Release
Distributed by Global Crypto Press Association
Breaking Crypto News



Claim OVER 50 DIFFERENT COINS Free...

Crypto airdrop

For those unfamiliar, 'Binance Smart Chain' (BSC) functions just like Ethereum - except it's FAST and transactions are CHEAP!

Because fees no longer cost more than the value of the coins being given away - airdrops make sense again! 

Even better, we've kept this list all BSC self-drops!

What is a self-drop? Unlike airdrops where you need to perform a list of tasks to earn a coin, with a selfdrop just visit the site, and look for a button typically labeled something like 'Claim Airdrop' or 'Claim Tokens' then you should see the transfer start in Metamask.

 If you haven't added the Binance Smart Chain to Metamask yet, instructions are here.
(Note: All you need to setup is the 'mainnet' no need to waste time adding testnet which is only for people learning and developers - no airdrops will work if testnet is selected.)