Explained
Despite Bitcoin’s rise, major corporations like Meta, Amazon and Microsoft are steering clear of holding it in their treasuries, favoring stability over crypto risk.
Amazon News
Amazon is one of the largest trading platforms in the world. The service was founded in 1994 by Jeffrey Preston Bezos, who is more commonly known as Jeff Bezos.
Nowadays, one of the most important questions is if Amazon will accept cryptocurrency or not, as the whole future of cryptocurrency depends on the opportunity to pay with it. Amazon accepting cryptocurrency might be difficult due to a number of reasons. For example, Bitcoin transactions have a relatively low speed with about 7 transactions per second while the maximum number of transactions per second on Amazon was 600. Nevertheless, the company hasn’t officially announced that it will accept virtual currencies.
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Amazon is investing over $13 billion in expanding AI and cloud infrastructure in Australia, including new solar farms and data centers nationwide.
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Amazon joins a growing list of tech companies shifting to nuclear power to meet the energy-intensive needs of artificial intelligence.
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Retail giants Walmart and Amazon are reportedly evaluating digital currencies to streamline e‑commerce and boost cross‑border transactions.
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Amazon made similar commitments in North Carolina, with $10 billion earmarked to expand its data center infrastructure in the US State.
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Meta shareholders shut down a proposal to assess whether Bitcoin should be added to its balance sheet, with just 0.08% of votes in favor of the idea.
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The new data compression layer may address centralization risks in the crypto industry, such as the recent outage by Amazon Web Services.
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Amazon’s AWS powers some of the world’s leading crypto exchanges with high-throughput cloud infrastructure for crypto trading, presenting a central point of vulnerability.
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Kraken launches stock and ETF trading for US users, expanding beyond crypto as it pushes for a borderless, all-in-one trading platform.
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There’s a growing demand to pay for food with Bitcoin in-store and online. As institutions adopt Bitcoin as a store of value, people also want to use it for everyday purchases.
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Big Tech has cash on hand. Currency devaluation makes it lose purchasing power. Is Bitcoin a treasury solution to fight against inflation? Amazon is next to decide.
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The company’s board opposed the resolution, citing Bitcoin’s purported volatility as a negative factor.
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The National Center for Public Policy said that MicroStrategy’s stock outperformed Amazon’s by 537% due to its Bitcoin strategy.
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Bitcoin’s recent surge over $90,000 has pushed its market cap past Saudi Aramco, solidifying its position among top global assets.
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Anthropic’s AI model will be integrated into one of Palantir’s data systems, which is authorized to contain “secrets” critical to US national security.
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