09-24-2017: Amazon WILL ACCEPT Bitcoin…

News In Brief:
James Altucher states Amazon will accept Bitcoin and Amazon could make the announcement as early as October 26th at 4pm [1]. James Dimon, CEO of JP Morgan Chase warns gov. will ban Bitcoin; as he states cryptocurrencies are “worth nothing” to him [2]. Legalizing Bitcoin in Malaysia could bring millions of new users [3]. AngelList reports cryptocurrency job openings have doubled in the last 6-months [4]. Coinbase launched Litecoin and Ethereum vaults [5]. Charlie Lee comments there is no truth to China banning mining or network [6].

Market 09-24-2017 13:10:00:
BTC: $3,682 USD
ETH: $285 USD
LTC: $48 USD
Get $10 worth of free Bitcoin from Coinbase >

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Bitcoin: 1NEM9TGhqJwxJ7r6Qje3CsZXdoFYbxrKeF
Ethereum: 0x9cbdc2155471042c33acb1d0cc4ff8b57e4fbf40
Litecoin: LRgccrhq3CAXwm4z16HUWmWHSwr4FPDPHx

In The News:
James Altucher, a reputable American entrepreneur and venture capitalist announce via his paid subscription based newsletter that Amazon will accept Bitcoin. He states that Amazon could make the announcement as early as October 26th at 4pm. This comes after eBay expressing interest in accepting Bitcoin payment [1].

Amazon web services has already been working with Digital Currency Group, one of the biggest investors in cryptocurrency technology [1].

James Dimon, CEO of JP Morgan Chase warns governments will ban Bitcoin; as he states cryptocurrencies are “worth nothing” to him [2]. During his interview in New Delhi India, he commented that cryptocurrencies are created “out of thin air” with no value but he failed to understand the same can be said about fiat money [2].

Legalizing Bitcoin in Malaysia could bring millions of new users. In a short period of time, the country’s national currency declined by around 2 percent in value, and the central banks imposed strict capital controls, prohibiting any offshore trading of the Malaysian ringgit. Through the decentralized network of bitcoin, citizens of Malaysia will be able to send money back to their families offshore [3].

AngelList reports cryptocurrency job openings have doubled in the last 6-months. During the first half of 2017 alone there was more money invested in cryptocurrency startups than in all of 2016 combined. The price run-up of Bitcoin and Ethereum in 2017 is attracting more people into the space for the first time, and the level of interest from the investor community is also at a record high [4].

Coinbase launched Litecoin and Ethereum vaults for holding cryptocurrencies. The vaults add an extra layer of security such as a 48-hour withdrawal process with email confirmation requests [5].

Rumors have spread that China will ban Bitcoin and Altcoin mining in addition to the recent bannings of ICO’s and crypto to fiat exchanges. However, Charlie Lee, the creator of Litecoin commented on Twitter that he has a trusted source that there is no truth to China banning mining or network [6].

This has been your Daily Crypto Report from dailycrypto.io. Be sure to subscribe on iTunes, TuneIn Radio, Google Play Music, or anywhere you listen to podcasts. We’ll see you tomorrow.

One Comment

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