Amazon Denies Bitcoin Rumors, But Is Interested In Crypto – July 27

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $37,449

Bitcoin price briefly broke the $40,000 mark yesterday, followed by a fall back to the $37,000s as Amazon denied recent rumors.

Top-20 altcoins have somewhat corrected, as Ethereum falls 4%, Cardano drops 6% and Dogecoin tumbles 9%.

Top Stories for July 27, 2021 πŸ”₯

πŸ‘‰ Amazon Denies Bitcoin Rumors, But Is Interested In Crypto

Amazon has denied rumors about the company accepting Bitcoin payments within the year, but has acknowledged that it is interested in cryptocurrency.

Reports surfaced yesterday about an unnamed Amazon insider’s claims that the company would soon begin accepting cryptocurrency payments.

The company says that it recognizes the future will be built on new payments technology, and that it “hopes to bring that future to Amazon customers as soon as possible”.

πŸ‘‰ Tether Executives Under Investigation By US Officials For Bank Fraud

It has been reported that US officials are investigating stablecoin company Tether’s executives for bank fraud.

According to Bloomberg, the Department of Justice is determining whether Tether concealed the nature of its transactions relating to crypto in its earlier years.

πŸ‘‰ Tesla’s Bitcoin Position Remains The Same, According To Q2 Earnings

Elon Musk’s Tesla has reported no additional purchases or sales of Bitcoin in its Q2 earnings presentation, as its BTC holdings remain untouched over the last quarter.

The company did, however, report a $23 million impairment on its BTC holdings, which stems from accounting principles requiring the asset to be recorded at its lowest price in the quarter.