DailyCoin
Published Jul 27, 2021 12:00PM ET
Crypto Flipsider News – July 27th – Amazon, Tether Investigation, Goldman Sachs, Elon Musk, Tesla, and Bitcoin, NFT Updates
Amazon Denies Rumors of an Upcoming Bitcoin Payment Method
Amazon has denied the rumors that shook the cryptoverse on Monday. Unconfirmed reports from an anonymous insider said that the e-commerce giant would start accepting Bitcoin payments by the end of this year. According to them, Amazon is also working on its own token that will be launched in 2022.
Amazon took the crypto spotlight after publishing a job listing for a Digital Currency and Blockchain Product Lead. Bitcoin spiked by 12% within hours of the information appearing on the scene, almost reaching the $40K mark.
Flipsider:
US Officials Investigate Tether Executives for Bank Fraud
U.S. officials are said to be investigating Tether executives for potentially committing bank fraud in the past, according to a Monday morning report by Bloomberg.
The Department of Justice is investigating whether Tether misled banks by concealing transaction links to crypto. Bloomberg stated that three people with direct knowledge provided the information on the matter. However, the sources asked not to be named because “the probe is confidential.”
The report claims that the investigation is centered around conduct that occurred years ago, when Tether was still in its developing stages.
Tether has since responded, saying that it has routinely opened dialogue “with law enforcement agencies, including the U.S. Department of Justice, as part of our commitment to cooperation, transparency, and accountability,”
Flipsider:
Goldman Sachs Applies for a DeFi ETF
Investment bank Goldman Sachs has plans in the decentralized finance (DeFi) sector. The Wall Street legend has filed an application with the SEC for a DeFi exchange-traded-fund (ETF), called “Innovate DeFi and Blockchain Equity ETF.”
This would give Goldman Sachs exposure to public companies working in the DeFi industry.
Nearly 80% of the assets will be invested in them. Goldman Sachs’ application is the first ETF application focused on decentralized finance.
Flipsider:
A Love Triangle Between: Elon Musk, Tesla, and Bitcoin
The relationship between Elon Musk and Bitcoin is a never-ending story. Despite his investment into the integration of “technologies of the future” into the everyday lives of people, with products like Tesla, SpaceX, and SolarCity, his approach to the world’s largest crypto remains hypocritical.
In the Tesla Q2 report, it was mentioned that the company still holds $23 million in bitcoin holdings. This revealed that Tesla isn’t selling, even despite the recent peak of the crypto. Tesla considers Bitcoin to be an inventory asset, although the company has stopped accepting it as a payment for cars.
Flipsider:
NFT Updates: Shopify, Vitalik Buterin, and Mila Kunis’ Animated NFT Show
Flipsider:
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