Two prominent companies, Walmart and Amazon, are planning to issue their own US dollar-backed stablecoins for customers, indicating broader institutional stablecoin adoption with more regulatory clarity in the US. Both firms are considering the development of brand-specific stablecoins, as revealed by people close to the matter and reported in the
The National Center for Public Policy Research has submitted a proposal to Amazon.com Inc., urging the tech giant to evaluate adding Bitcoin (BTC) to its corporate treasury. The proposal will be considered at Amazon’s annual shareholder meeting in April 2025. This initiative aligns with similar efforts, such as the recent
021, a consumer-focused venture studio, has announced the strategic acquisition of Looty, a Web3 loyalty and rewards platform, just nine months after its inception. Launched in February 2024, Looty quickly became a key player on the Avalanche network, offering brands across various consumer-facing industries the ability to engage and reward
Amazon Web Services (AWS) is spending $100 million on a solution to compete with Microsoft and Google in the field of generative AI. Supposedly, the planned AWS Generative AI Innovation Centre would serve as a conduit between Amazon’s AI and machine learning specialists and customers who want to develop cutting-edge
On Wednesday, Amazon Web Services, the cloud computing arm of the e-commerce behemoth, announced cooperation with Cronos, further establishing itself in the cryptocurrency industry. Amazon’s continued crypto, blockchain, Web3, and NFT footprint growth reflects the company’s anticipation of future technological breakthroughs in these areas. The Cronos Accelerator Programme, which helps
Amazon’s NFT marketplace debut has been pushed out to May, a few weeks later than originally planned. According to prior reports, the IT giant was planning to debut the “Amazon Digital Marketplace” on April 24. The marketplace will first be available to users in the United States, before expanding to
The solution to the tech industry’s current fixation with artificial intelligence has been provided by one of the world’s top tech corporations. Amazon has released a chatbot called Bedrock that is intended to compete with OpenAI’s enormously popular ChatGPT. By developing its own generative AI system, Amazon is following in
According to reports, the tech giant Amazon will debut its NFT marketplace next month, with 15 NFT collections accessible right away. Word on the street is that the “Amazon Digital Marketplace” will officially go live on April 24. The service will initially be available to U.S. users only, but expansion
Amazon Web Services (AWS) partners with Avalanche blockchain backed by Ava Labs to improve and expand blockchain adaptability. Both the above-mentioned firms made the announcement about this partnership on Jan 11th, 2023. This partnership is rooted in mutual benefits to “accelerate enterprise, institutional, and government adoption of blockchain”. We’re joining
Amid growing economic uncertainty, Amazon froze new hires at the start of Q4 2022. Following that, rumors spread that the tech behemoth planned to lay off more than 10,000 workers. Employees in the devices division, human resources, and retail were disproportionately affected. A recent article in The WSJ cited unnamed
