Bitcoin Price & Technical Analysis: BTC is Ready for Growth

Coinspeaker Bitcoin Price & Technical Analysis: BTC is Ready for GrowthBy Dmitriy Gurkovskiy, Chief Analyst at RoboForex.The factors confirming the growth may be the values of the MACD and Stochastic. The perspectives are as follows: upon overcoming the current peak the quotations may head for 76.0% ($15560.00) Fibo in relation with the previous long-term decline. However, the main goal of the bulls is the maximum at $19474.00.Photo: Roboforex / TradingViewOn D1 the BTCUSD quotations are demonstrating a detailed picture of a long-term ascending channel development. We can also see that the correction phase has stopped at 38.2% Fibo. The present impulse of growth is testing and trying to overcome the resistance line of the correction channel. If the market manages the breakaway, the quotations may head for the present maximum of $13857.20, upon breaking which they may proceed to the resistance line at $16000.00The scenario when the currency bounces off the tested resistance line is also worth considering, which the descending MACD lines are hinting. Thus, in case the quotations bounce off, they might extend the correction range and decline step by step to 50.0% ($8600.00) and 61.8% ($7350.00).Photo: Roboforex / TradingViewOn H4 the leading cryptocurrency demonstrates the channel of a stable uptrend. At the same time, the Stochastic, upon entering the overbought area, has formed a black cross. Such a complex of signals might mean an upcoming short-term correction. The borders of the probable correction range are between $11200.00 and $12137.40. A breakaway of the upper border may signal growth to the current maximum.Photo: Roboforex / TradingViewFormer Wall Street trader and present-day host of the show Keizer Report Max Keiser, who is expecting a soon breakaway of $15,000 by the Bitcoin, has voiced another support to the leading cryptocurrency. In his opinion, the time of altcoins is almost up; he underlined that the Litecoin demonstrated no reaction to the expected news and even fell to $90. At the same time, the quotations of the leading cryptocurrency keep testing the local maximums.Such digital assets as the Ethereum, Ripple, EOS and Bitcoin Cash look really unstable from the point of technical analysis, and it seems they are on the verge of another decline.On the other hand, in comparisson with the declining market of the altcoins, the BTC looks quite confident; one tiny effort, and it will escape the bearish channel and head for new heights. Dominance of the BTC has reached 68.8%, and many analysts expect it to reach 80%.The US stock market is also suffering certain difficulties, demonstrating a serious decline. Of course, the market is correcting after such falling, however, a reversal and a further decline of the leading stock indices are not to be excluded. In such times investors look for alternative shelters for their assets, and it is highly probable that the BTC is one of such ways of protection from the economic turbulence, as well as a means of hedging against the traditional finance.However, the crypto asset remains an instrument of high risk, regardless of which such events as Brexit are supporting the Bitcoin greatly, which we can see on the chart.Bitcoin Price & Technical Analysis: BTC is Ready for Growth

Ravencoin Has Landed on BXB Exchange, and Is Available Now

Coinspeaker Ravencoin Has Landed on BXB Exchange, and Is Available NowBXB Exchange launched its RVN futures and options products at the end of last month allowing traders to speculate on the future price of the digital asset.No other crypto exchanges provide these trading options for Ravencoin, and after the teams met earlier this year and realized they had a shared vision for the use of blockchain and crypto, working together on a listing on BXB.io was the logical next step.LeverageAnyone using BXB can trade RVN futures and options at five and ten times leverage, and what’s more, trading fees from any transactions made on BXB for RVN futures are given back to the Ravencoin development community to assist with the project, a decentralized fork of Bitcoin.This system of giving back to its users is intrinsic to BXB’s philosophy of putting their users first, and making sure they can benefit from new coins and tokens listed on the site.Kwun-Phite Lock, CEO and founder of BXB said they were excited to bring RVN onboard, and would be looking to add more exciting projects in the weeks ahead. He said:“Ravencoin’s philosophy matches our own. They’re a decentralized team and have a strong community focus.”“At BXB we have a process where we like to share the wealth and give back to projects that are listed on our platform. What this means is that any trading fees spent on our site are delivered back to the project teams to help with their development. In RVN’s case, this means the fees will go to their developer fund.”“RVN provides a unique way to tokenize any asset. Whether it’s physical objects, digital assets or even land deeds and property, it’s an innovative use of blockchain and one we think our customers will love to learn more about.”“Remember, if you’re trading in RVN or any other asset, make sure you have a risk control plan in place to mitigate any financial losses.”Next StepsFollowing the listing the team at BXB are now planning to answer any questions from community members on Ravencoin and how to use the platform to trade futures and options. Details of a live ask me anything (AMA) session will be made available soon.The BXB team is also working on a way to integrate a RVN wallet into the system.Ravencoin Has Landed on BXB Exchange, and Is Available Now

Salesforce Signs Agreement for $1.35 Billion ClickSoftware Acquisition Deal

Coinspeaker Salesforce Signs Agreement for $1.35 Billion ClickSoftware Acquisition DealSan-Francisco based cloud computing software firm, Salesforce, has just announced its acquisition of cloud field service management and workforce software firm, ClickSoftware in a $1.35 billion deal. This is the second acquisition by Salesforce in a short time as recently, the company closed a $15.7 billion acquisition deal of Tableau Software, the data intelligence firm. The Tableau acquisition is Salesforce’s biggest purchase ever.With this new move, Salesforce will be strengthening its Field Service Lightning offering which according to the firm’s report for June, pulled in total revenue of $1 billion. This was corroborated by the EVP and GM of Salesforce, Bill Patterson. According to Patterson, the acquisition will also help Salesforce with the creation and advancement of more services.“Our acquisition of ClickSoftware will not only accelerate the growth of Service Cloud, but drive further innovation with Field Service Lightning to better meet the needs of our customers.”Salesforce and ClickSoftwareFounded in 1999, Salesforce is about two years younger than ClickSoftware. The former kicked of its Field Service Lightning back in 2016 and had already struck a relationship with ClickSoftware at the time and with Field Service Lightning, mobile workers part of the Salesforce, have full access to the customer.The product will now ensure a smoother operation such that re-routing of workers to customers is easy and seamless, in the event that the former employee faces an impediment. All the data regarding reroutes and communication between the mobile employee and the customer, are immediately updated to the Salesforce network, ensuring complete transparency and visibility between customers and the company.With this, Salesforce is taking advantage of improved technology and connectivity. The official statement announcing the acquisition touches on this.“As connected devices become smarter and more predictive, customers’ expectations are evolving to expect faster, more tailored engagement based on their unique needs. Companies must transform their customer service to stay competitive. This creates huge opportunities to further advance the on-site customer service experience.”More from SalesforceRecently, the Linux Foundation’s Hyperledger – a multi-venture project for open-source blockchains, announced that Salesforce had become a new member. Hyperledger makes it easy for members to produce and deploy applications and platforms very specific to their industry and core business.Also, Salesforce revealed its local blockchain solution which was created on Hyperledger’s Sawtooth platform. The company announced at the time that the blockchain solution was to improve on its Clients Relations Management (CRM). The platform allows easy transfer of funds, transparent and secure storage of medical records, as well as supply chain management.According to Ramaya Subramani, Salesforce’s Senior Director for Engineering:“We needed a technology that could be deeply customized with our Lightning Platform and Hyperledger Sawtooth provided us with the robust flexibility to implement our customization.”Salesforce Signs Agreement for $1.35 Billion ClickSoftware Acquisition Deal

Coinbase to Face Negligence Lawsuit Over BCH Launch Despite Not Committing Fraud

Coinspeaker Coinbase to Face Negligence Lawsuit Over BCH Launch Despite Not Committing FraudCoinbase, a long-standing crypto exchange, will be tried in a court of law for negligence lawsuits from users who purchased Bitcoin Cash (BCH) accompanying its allegedly mismanaged listing on the platform during the bull market boom in 2017, a judge has ruled.California’s Northern District judge Vince Chhabria disregard accusation by Jeffery Berk, the plaintiff’s unfair competition and fraud issues against Coinbase, as well as the negligence issue caused by the individuals who traded BCH. The U.S district judge further declined the motions by Coinbase to transfer the case to arbitration and to rule out the consumers’ negligence case, insisting its “plausible” that the firm “breached its duty to maintain a functional market.”On Tuesday’s ruling, Judge Vince Chhabria wrote:“For starters, the fact that Coinbase halted trading within three minutes of the launch is indicative of dysfunction,”The case was registered early last year by Jeffrey Berk, an ex Coinbase customer, who claimed that the exchange authorized insider trading on its GDAX trading system from 19-21 Dec 2017, since BCH prices boomed just before Coinbase made public the available trading options on December 20th. Jeffrey, a resident of Arizona, recorded the case on behalf of other customers. The first two versions of his complaint were abandoned.In abandoning the insider trading theory, the judge focused on the absence of “causation” confirmed by the plaintiff’s price volatility claims. In 2018, Coinbase recruited two law companies to investigate allegations on its insider trading, who reportedly found the exchange clean.The Level of CareDespite the ruling, the exchange will need to demonstrate it adhered to a standard of stipulated care to hinder foreseeable danger to customers.The platform contested that it had a mandate to strategize against market fluctuation, indicating lack of regulation to avoid the economic loss of other users. The judge’s order answered:“The interpretation that the California Supreme Court would be most likely to adopt is that Coinbase indeed had a duty to maintain a functional marketplace.”Since Coinbase convinced traders to join the market by fostering the launch of BCH and maintained a standard of trust when processing customers transactions.And because the traders’ motion was declined with preconception, it challenging to be amended. However, the detection process will continue, and the Californias judge left an opportunity for the traders to reregister the case should provide additional evidence to defend their position a rise.Granted Motion to Decline the Fraud ClaimsNow, Plaintiffs will have to proceed based on a negligence case. According to Chhabria, the BCH launch was done in a hurry, breeding problems from the beginning. He continued to say:“The motion to dismiss the fraud claims is granted. The plaintiffs have not particularly pleaded their reliance on Coinbase’s allegedly fraudulent statements.”The report also discharged Brian Armstrong, Coinbase CEO, and David Farmer, head of product from a scam:“Moreover, while the factual allegations paint a compelling picture of an incompetent launch by Coinbase, the complaint does not outline a coherent account of fraud by Coinbase, Armstrong, and Farmer.”Coinbase to Face Negligence Lawsuit Over BCH Launch Despite Not Committing Fraud

80% of Tether Supply is Hold in Just Around 300 Addresses

Coinspeaker 80% of Tether Supply is Hold in Just Around 300 AddressesAlthough the crypto world is decentralized, it is quite concentrated than most people perhaps realize. In the case of Bitcoin, the whales own almost a fifth of its supply. However, Coin Metrics has discovered that unique identifiers, addresses, reveal that just around 318 entities control almost 80% of Tether.Tether serves as a conduit for trading on most of the biggest crypto exchanges worldwide. Each of these addresses holds at least $1 million worth of Tether (USDT). After that report on Aug. 7, Nic Carter, the Coin Metrics co-founder additionally said that various USDT whales include major crypto exchanges like Bitfinex and Binance. Also, brokers that cater to Chinese investors who need to exchange Yuan and high-frequency traders make it to the list of these whales.Tether’s Ups and DownsSince its introduction in 2015, Tether has remained controversial. It was created to offer liquidity to exchanges since many concerns about illegal uses have made it challenging for exchanges to secure banking services. As we reported earlier, New York’s attorney general accused Tether’s mother companies of engaging in cover-ups to hide losses.The attorney general also said that the companies co-mingled client and corporate funds to hide the alleged losses. Various founders and the largest exchanges have been referred to as the Tether Mafia on social media. In spite of Bitcoin appearing more evenly distributed among most of its user base, the USDT whales can swing the Bitcoin price on their own. In that context, John Griffin, the University of Texas at Austin finance professor, stated:“The concentration of Tether suggests that control of Tether is in the hands of a few central players who can swing Bitcoin prices, and have a vested interest in doing so […] It also suggests that many exchange players have a vested interest in keeping the Tether game going.”This ownership concentration increases the risk levels in the volatile crypto market. Reports from Coin Metrics reveal that USDT was used in 40% and 80% of all transactions on Binance and Huobi, respectively.According to that report, Griffin allegedly connected USDT to market manipulation and its rally to an all-time high in 2017. The co-founder of market tracker TokenAnalyst, Sid Shekhar, explained further. He said that there are market issues related to the volatility of the market. These issues appear whenever a large amount of USDT is introduced into the market.USDT’s Growth ContinuesUSDT is now available on Bitfinex through another blockchain protocol for Bitcoin called the BlockStream’s Liquid Network sidechain. In the past, USDT has been run on the Omni Blockchain. Furthermore, Liquid now plans to make Liquid-based USDT available on several other crypto exchanges in the future. These exchanges include Sideshift AI, OKEx, RenrenBit, OKCoin, BtcTurk/BTCTrader, and BTSE.80% of Tether Supply is Hold in Just Around 300 Addresses

Lyft (LYFT) Q2 Results Better Than Expected But the Stock Price Is Still In the Red Post-IPO

Coinspeaker Lyft (LYFT) Q2 Results Better Than Expected But the Stock Price Is Still In the Red Post-IPOSecond most popular ride-hailing platform in the U.S., Lyft (LYFT) announced their Q2 results. Their loss per share was pretty much less than expected – $0.68 adjusted, and expected was $1.74. Their revenue was $867 million that is more than $809 million expected. At the time of writing the stock was up 2.71% to $60.29.Company’s stocks rose up 13%. However, they gave up early gains after the company announced share lock-ups would expire on August 19, 2019 that is a bit earlier than September, as previously said. The company assigned the shift to a blackout period around its next quarterly results. Lyft’s stock gave up nearly all of its gains after the disclosure.From the company they said they expect the yearly revenue to rise, driven by strong rider growth, for more than a $3.5 billion, that is around $200 million higher than it previously resumed. At the same time, Lyft now expects its yearly loss to be $875 million at the high-end, that represents $300 million less than previously expected.Lyft CEO Logan Green praised the company’s improved financial outlook to stronger than expected revenue growth as well as “efficiencies” in its sales and marketing efforts. He said that this was a milestone quarter on their path to profitability.Chief financial officer, Brian Roberts confirmed that they are focused on “trying to win on brand preference and experience – not coupons.”There were some dislikes about riders in multiple cities paying higher prices. The “price adjustments” started in June following a long period of lower prices to win a bigger customer base in the lead-up to the company’s initial public offering in March.Roberts added that these price adjustments obviously reflect an industry trend, suggesting to a cooling price war with its biggest rival Uber whose executives said earlier this year that it appeared that a longtime price war in the ride-sharing industry might be waning.“We are focused on driving profitable growth, not growth at all costs.”Wall Street seem to like these results because they showed up pretty optimistic. However, after Lyft made its public market debut in March, raising about $2.3 billion from their IPO, its shares in Lyft went down more than 15% from its IPO price, prior to its second-quarter update.From JPMorgan, they advised their clients that the key on the call will be updated on incentive spending and the competitive environment in U.S. ridesharing, with detail on market share gains. They said:“As the industry moves to a focus on product differentiation instead of price, we will look for more commentary on the impacts Lyft’s recent product initiatives (matching platform, shared saver, etc.) have had on fueling growth.”Investors and analysts will be looking at active riders as a key measure of Lyft’s continued growth. JPMorgan expects that number to come in at 21.3 million.Like Uber, its main challenger, Lyft is aiming to construct its mobility business to more than just a ride-hailing. It also acquired Motivate, and its bike-sharing network, and deployed electric “dockless” bikes, and scooters in North American cities.Some analysts think that there are some showings that Lyft may be catching Uber in some way, at least considering the U.S.Data from eMarker show that Uber’s powerfulness on the US ride-hailing app market has dropped to 76%. Lyft, on the other hand, went growing by 50% by the same measure for the first time. Uber is set to report its quarterly earnings Thursday.Lyft (LYFT) Q2 Results Better Than Expected But the Stock Price Is Still In the Red Post-IPO

EOS Price Analysis: Downside Thrust Before Fresh Increase?

EOS price is trading below the key $4.700 and $4.600 resistance levels against the US Dollar.
The price is struggling to hold the main $4.050 support area.
There is a major bullish trend line forming with support near $4.080 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
The pair could decline heavily below the $4.080 and $4.0450 supports before staring a fresh increase.

EOS price is trading with a bearish angle against the US Dollar and bitcoin. The price could decline heavily if it fails to stay above the $4.050 and $4.000 support levels.
EOS Price Analysis
Earlier this week, there was a bearish reaction in bitcoin, Ethereum, ripple, litecoin and EOS against the US Dollar. Later, BTC recovered, but EOS price struggled to surpass the $4.600 resistance. Moreover, there was no proper close above the $4.500 pivot level. As a result, the price declined below the $4.400 support level. The price even broke the $4.300 level and settled below the 55 simple moving average (4-hours).
Finally, the price broke the $4.100 level, but it managed to stay above the $4.050 and $4.000 support levels. A swing low was formed near $4.043 and the price is currently consolidating with corrective moves. It traded above the $4.200 resistance level. Additionally, there was a break above the 23.6% Fib retracement level of the recent decline from the $4.585 high to $4.043 low.
However, the price is facing a strong resistance near the $4.300 level and the 55 simple moving average (4-hours). More importantly, the 50% Fib retracement level of the recent decline from the $4.585 high to $4.043 low is also near the $4.310 level. Therefore, a break above the $4.300 resistance area might push the price towards the key $4.500 and $4.600 resistance levels.
On the downside, the main supports are near the $4.050 and $4.000 levels. Furthermore, there is a major bullish trend line forming with support near $4.080 on the 4-hours chart of the EOS/USD pair. If there is a downside break below the $4.000 support, the price could extend its decline. The next support is near the $3.800 level, below which there is a risk of a drop towards the $3.500 level.

Looking at the chart, EOS price is under a lot of pressure below the $4.500 and $4.600 resistance levels. Having said that, the price needs to surpass the $4.720 resistance level to continue higher towards $5.000.
Technical indicators
Hourly MACD – The MACD for EOS/USD is gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI is currently declining and moving away from the 50 level.
Major Support Levels – $4.050 and $4.000.
Major Resistance Levels – $4.500 and $4.600.
The post EOS Price Analysis: Downside Thrust Before Fresh Increase? appeared first on Live Bitcoin News.

Litecoin (LTC) Price Analysis: Bulls Protecting Crucial Support

Litecoin price failed to hold gains above the $100.00 level and declined recently against the US Dollar.
LTC price is currently holding an important support area near the $87.00 level.
There is a major bullish trend line forming with support near $88.20 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
The pair is currently consolidating losses and it might correct higher as long as above $87.00.

Litecoin price is struggling to climb higher against the US Dollar and bitcoin, despite halving. LTC price could either recover above $95.00 or extend its decline towards the $76.50 support.
Litecoin Price Analysis
Earlier this week, litecoin price climbed higher sharply above $95.00 and $100.00 against the US Dollar. The LTC/USD pair even broke the $102.00 resistance and settled above the 55 simple moving average (4-hours). However, the pair struggled to stay above the $100.00 level. A swing high was formed near $107.08 and the price trimmed most its gains. It broke the $100.00 and $98.00 levels.
Moreover, the price traded below the $95.00 support and the 55 simple moving average (4-hours). However, the price stayed above the key $87.00 support area. A swing low was formed near $87.38 and the price is currently consolidating losses. An immediate resistance is near the $92.00 level plus the 23.6% Fib retracement level of the recent decline from the $107.08 high to $87.38 low.
The next key resistance is near the $95.00 level and the 55 simple moving average (4-hours). The main resistance is near the $98.00 level. Additionally, the 50% Fib retracement level of the recent decline from the $107.08 high to $87.38 low is also near the $98.00 level. If there is an upside break above $95.00 and $98.00, the price could clear the $100.00 and $102.00 resistance.
On the downside, there is a strong support forming near the $87.00 level. Moreover, there is a major bullish trend line forming with support near $88.20 on the 4-hours chart of the LTC/USD pair. Therefore, a downside break below the trend line and the $87.00 support could start another bearish wave. The next major support is at $80.00, followed by the $76.50 swing low.

Looking at the chart, litecoin price is clearly under pressure below the $95.00 pivot level. Having said that, as long as the price is above the $87.00 support, there are chances of a decent recovery above the $95.00 and $98.00 levels in the near term.
Technical indicators
4 hours MACD – The MACD for LTC/USD is currently losing momentum in the bearish zone.
4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is now well below the 50 level.
Key Support Levels – $87.00 and $80.00.
Key Resistance Levels – $95.00 and $98.00.
The post Litecoin (LTC) Price Analysis: Bulls Protecting Crucial Support appeared first on Live Bitcoin News.

Twitter Has Said: Stop Ripple (XRP) Dumping

Coinspeaker Twitter Has Said: Stop Ripple (XRP) DumpingThat Twitter is now one of the most important FOMO media in the world, we already knew. However, when concerning cryptocurrencies – it seems to be more than just that. Whole lotta  XRP fans seem to be getting behind a proposal led by a prominent crypto trader (and a famous twitter user) that Ripple should burn half the XRP held in its reserves.There is a logic there and it’s concerning the fact that by reducing the supply, the coin’s price will rise more easily, making a mint for everyone involved.The petition is started by trader Crypto Bitlord (with more than 100,000 followers on Twitter) a few days ago and already has more than 300 signatures. It specifically says that Ripple no longer should release its supply of XRP onto the crypto market. This, according to him, should lead to a pump, “like the good ol days.”We are making a change ☺️Over 220 signatures tostop Ripple dumping $XRPSign and share the petition today 💯 https://t.co/sXqPcUDfBd— CRYPTO BITLORD (@Crypto_Bitlord) August 6, 2019Much of the blame is placed on Ripple’s holdings of XRP’s 50 percent of its total supply which seems to be thoroughly selling into the market to stimulate the growth of the ecosystem. Those moves rapidly increase the supply of XRP, putting downward pressure on the price.Over the past weeks, Ripple has been showing some signs of inconclusiveness because price action was floating in the middle of consolidation after an intense bearish scenario that hit the entire crypto market during the July trading.However, the XRP bulls have started to show some commitment to trade a few days ago. This movement has led to a current market change of 2.1% but, at the time of writing, Ripple’s XRP price is hovering at around $0.308 with a drop of 1.60%. It is worthy of knowing that the initial support is created by $0.3130 what is the middle line of the Bollinger Band on 1-hour chart.A sustainable move below this barrier usually increases the selling pressure and push the price towards psychological $0.31 strengthened by the lower lines of Bollinger Bands on 1-hour and 4-hour charts.A further breakdown could actually cause the market to fall at the short-term supports at $0.295 and $0.29 supports. In the same time, a retracement is likely at, as already mentioned, $0.31 resistance before the rally continues. If the overall market does it’s thing, meaning it stays above the $0.31, the trend may, some analysts think, go up further to $0.315, $0.32 and more.For now, as it seems, the lower lows and lower highs pattern is much in play for now,The thing is, the Ripple’s XRP bears are back, and we can expect more selling pressure to play out. Bear in mind that we recently had the situation of rejection of $12.000 Bitcoin’s price and it usually creates a surge in the entire crypto market. Once the price becomes relatively stable, the XRP/USD pair may regain bullish momentum. As of now, the $0.30 support remains a selling target.Let’s just remind you of Whale Alert who is one of the web’s major cryptocurrency transaction trackers, who recently shared news of the transfer of 100,000,000 XRP between unknown wallets.He tweeted:🚨 🚨 🚨 100,000,000 #XRP (31,273,895 USD) transferred from unknown wallet to unknown walletTx: https://t.co/L7KpeZrdrI— Whale Alert (@whale_alert) August 7, 2019This is not just an ordinary irregularity. Just a day before these large transfers, MoneyGram confirmed the use of Ripple and XRP in its Quarter 2 financial report. It would seem this acknowledgment aroused some XRP whales a bit. The price of Ripple’s native token hasn’t recorded much growth in 2019. However, such developments and growing transfer volumes may just stoke the value of the token upwards.Twitter Has Said: Stop Ripple (XRP) Dumping

Job Posting Reveals Amazon (AMZN) Is Putting Advertising on Blockchain

Coinspeaker Job Posting Reveals Amazon (AMZN) Is Putting Advertising on BlockchainIt seems Amazon (AMZN) decided to go blockchain. Latest rumors say the company is up to integrate parts of its advertising business with a blockchain.This Seattle-based e-commerce giant is now hiring, just FYI. In their recent job announcement they put on LinkedIn, they’re saying they are looking for a senior software engineer to join its “Advertising FinTech team focused on a Blockchain ledger”.The new team will be based in Boulder, Colorado and it’s allegedly going to be focused on billing and reconciliation systems to provide transparency on trans-national financial data. As per job description:“This is an opportunity to define a technology architectural direction of a greenfield area for Amazon’s advertising business using Blockchain technology.”If you find this add interesting, be aware that you have to have a bachelor’s degree in computer science or a related field and eight years of experience in software development, according to the listing. However, there is no enough details on the kind of blockchain that Amazon will use so we can only presume how it’s going to be like.Since this seems to be a “greenfield” project, it’s hard to even imagine the details. Be it as it may – it’s for us to wait and see will this project actually happen and, if it does, in what way.Be it as it may, the fact is that the company has been trying to get in the blockchain space for quite a long now.Just for reminder, last November, the company launched two blockchain-based initiatives from first one is called Amazon Managed Blockchain (AMB), and the other is called Quantum Ledger Database (QLDB). Both initiatives were announced at Amazon’s most recent re:Invent conference. AMB is available in a limited preview, and interested parties need an AWS Account ID to apply. They can fill out basic details to apply for program, and if accepted, Amazon will contact them.Let’s also not forget that in June this Jeff Bezos’ company partnered with a British insurance firm to develop a pension blockchain system. The very same month, Amazon had become the most valuable company in the world, after surpassing Google and Apple.As per add, the chosen engineer will have to deal with “requirements analysis, lead design, implementation and deployment of core components, interfacing with engineers and program managers”. Also, the selected candidate will be considered responsible for the operational support and maintenance of the systems.The engineer will, as per the company, “have an opportunity to define the technical and architectural roadmap for the systems.” From Amazon they said that they prefer candidates with experience in the advertisement, financial technology, and blockchain.In the other news, Amazon together with the 19 other big household names like Deloitte and Fidelity recently had partnered with IDEO’s venture arm IDEO CoLab Ventures to launch a blockchain accelerator called Startup Studio. The collaboration will see Amazon offer workshops on building and deploying the Amazon Web Service (AWS) infrastructure.At the time of writing, Amazon (AMZN) stock was slightly going up for 0.31% to $1,793.40. These are actually good news because stock has fallen more than 10% since the company reported mixed second-quarter results. AMZN stock suffered the longest eight-day fall since July 2006 and the sell-off literally erased more than $120 billion in market capitalization in just two weeks.Job Posting Reveals Amazon (AMZN) Is Putting Advertising on Blockchain