CoinMarketCap Daily, July 26: Bitcoin to the Moon?
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CoinMarketCap Daily, July 26: Bitcoin to the Moon?

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Today, Bitcoin gets a huge price boost off of the rumors of an Amazon coin.

CoinMarketCap Daily, July 26: Bitcoin to the Moon?


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Bitcoin Nears $40,000! 🔥

After weeks of trading sideways and a scary dip below $30,000, Bitcoin is BACK. The world's biggest cryptocurrency neared $40,000 on Monday after surging by more than 13%. That's the highest price point we've seen in over a month. Altcoins are also performing strongly — ETH has risen 10.5% in the past 24 hours, while Binance Coin has surged by 8.23%. The latest.

Amazon to Accept Crypto?! 😱

All of this comes after Amazon posted a job vacancy looking for a digital currency and blockchain product lead. According to London's City AM, the eCommerce giant is looking to accept Bitcoin payments "by the end of the year." It could launch its own token by 2022 as well. An insider told the newspaper that the directive is coming from Jeff Bezos. Read more.

Tether Under Scrutiny 🚨

U.S. officials are examining whether Tether committed bank fraud, according to Bloomberg. The Justice Department probe centers on conduct that occurred years ago. Prosecutors are reportedly looking into whether it concealed crypto-related transactions from banks. Any criminal proceedings would send shockwaves through crypto markets. What's happening.

Is Britcoin Coming? 🇬🇧

The U.K.’s chancellor is pushing to launch a central bank digital currency known as “Britcoin,” according to The Mail on Sunday. Rishi Sunak’s plans “would be the biggest upheaval in the monetary system for decades” — creating a digital equivalent to banknotes and coins. But some fear this could cause interest rates to surge. Learn more here.
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