The cryptocurrency market over the weekend surpassed the $ 2 trillion mark as retail giant Walmart (WMT) – Get a report announced for a digital currency and cryptocurrency product manager.
Bentonville, Ark. Retail giant is looking for someone to develop “the digital currency strategy and product roadmap.”
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“You will provide the leadership to identify technology and customer trends and the investments needed to take advantage of those trends,” the advisory says.
Last month, Amazon (AMZN) – Get a report has posted a Digital Currency and Blockchain Product Manager position on his site.
Bitcoin hit $ 48,126.47 on Saturday, its highest level since May 17. It recently rose 3.4% to $ 47,344, according to CoinDesk.
Ethereum rose 4.2% to $ 3,281 and Dogecoin rose 16% to 34 cents.
“The total crypto market crossed the $ 2 trillion mark again this weekend, bringing it down to amounts not seen since the market turned bearish in mid-May,” said Zak Killermann, expert in fintech and crypto at Finder.
Killermann said the marker climbed for a variety of reasons, including Cardano’s announcement to support smart contracts with its Alonzo upgrade slated for September.
“Ethereum has also contributed to the bullish market activity with the recent upgrade to EIP-1559,” he said.
Derek Alia, co-founder of Futureswap, said that “the EIP-1559 update reduces gas charges for Ethereum-based projects, which will ultimately result in more liquidity in the ecosystem.”
On the legislative front, the US Senate last week passed a $ 1.2 trillion infrastructure bill that includes digital currency tax rules.
Winston Ma, former managing director and head of North America at China Investment Corp., China’s sovereign wealth fund, said “the large crypto implication of the $ 1,000 billion infrastructure bill may be a watershed moment. for the crypto ecosystem “.
“So far, crypto lobbyists have failed to influence the related language in Biden’s infrastructure bill, but the battle lines are just starting to be drawn in the war on how whose cryptocurrency will be – or not – regulated, “said Ma, author of” The Digital War – How China’s Technological Power Is Shaping the Future of AI, Blockchain and Cyberspace. ”
“You will surely see the crypto industry use its proven power to fight another day.”
David Lesperance, managing partner of immigration and tax advisor Lesperance & Associates, said that “crypto picks and shovels have been crudely introduced into the U.S. sausage-making legislative process” with the proposed new regulations and reporting requirements of the law Project.
“Initially appalled, there is still an opportunity to push for a change as the bill has returned to the US House, ”he said.
“Ultimately, the fantasy faded that the crypto industry was going to avoid the type of anti-money laundering and [know your client] demands placed on all other aspects of the financial sector.